Ah. Well, then.
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Not tanking today.
shocking. never could have predicted that.
Just noticed todays 52 week t-bill auction is at 4.255%, that dropped below 5% fast.
Hey look at that, where did the doom and gloom people go?
Crazy that vix got so high but we are back to pretty much where we were on Friday. It is like Monday never happened.
I didn't move anything- I have no idea what is going on so I just buy twice per month and let it ride.
On Monday the idiots were calling it “the Kamala Crash” - it didn’t catch on
and tomorrow the Dow will drop 800pts
Are we in a dead cat bounce??
Nope. Shit isn’t really all that bad.
I’m with Kevo, I put in $200/month, gives me great entertainment deciding where to put it. I also DRIP in $623.75/month. I’ve got a fair amount invested in high yield stuff. Pipeline stocks have been very good to me. People complain about MLP’s but it’s not that bad tax filing wise. The benefits outweigh the hassles. I’m heavy in EPD, ET, MPLX, and OKE. They’ve all worked out well for me yield wise and equity growth.
I agree with the time in the market beats timing the market. I think part of it is finding the bargains. When I started investing it was the pandemic, everything was a bargain. I thought it was easy, you can make money on everything. I bought a few things that were foolish, I still hold them and hope to be proven wrong. But I found it wasn’t quite that easy.
As I’ve watched this stuff I’ve learned that there is always something on sale. It just depends on when you buy it. There always seems to be some trend in the market that beats down certain sectors. It’s all cyclical, grabbing those sectors when they’re beaten down and timing when they’ll be back is how to make money.
I’m still buying Reits, it isn’t the bottom anymore but the yield is still cheap. I’ve acquired a fair amount of shares of various companies. I’m still up more on the tech I bought in the fall of 2022 but I think these will catch up eventually. I’ve been buying O, NNN, WPC, PINE, ARE, VICI, KRG, and EPRT. It’s not a great bet considering the erosion of commercial real estate values but I think that trend will change eventually and I’m willing to receive shares in exchange for waiting.
Whatever you do, keep putting in the money even if it’s just in an index fund. My light at the end of the tunnel is dim, make sure yours is bright and get the fuck out of working as quick as you can.
Back to normal back to carving out $. HY OAS back under 320 or 10y TSY over 4.2 it’s back to duration trade
Rinse repeat.
Del duplicate post
Anyone here know B Riley? Complex little business. Took a hammering.
Lots of expenses - almost 180Mn in interest to pay per year. Owns a mish-mash of business from IB, wealth management, quasi-VC and even Tannus hard goods
Financial companies that don't have investor confidence or regulator confidence tend not to do to well. Thinking of starting a short on a dead cat.
Liquid enough options to hedge with calls