Is the stock market going to tank?

[Lvovsky]

It seemed much like right wing humor, really not that funny. You guys have a low threshold for the giggles.

Anyone else buying REITs? High rates have been crushing the triple net companies, seems a good time to buy in and lock in some decent yields. I’ve been buying O, PINE, and WPC, have MPW in the portfolio as well but not quite as bullish on them anymore. (Although, if they get some tenant issues sorted out could see a nice increase.)

It just feels like easy money buying on the way down. Last fall I did the same with GOOGL, AMZN, and AAPL, the prior two fall seasons it was energy.

When I first started fucking around with this shit I bought in on a covid battered market and applied myself to finding bargains that would rebound. I thought after the first year I’d be fucked and have been a one trick pony with a little cash made and be happy. As I keep doing it I’m beginning to figure it out a bit and realizing there always seems to be a bargain around somewhere or another.

Read the shit out of everything you can find, even paying for it. I’ve found paying for an info system pays for itself. There is money to be made, grab some for yourself.

Don’t be me and scrambling to get the fuck retired, invest while you are young and get the fuck out of the rat race.

What news sources you found worth paying for?

[4matic]

That's like 90% tech.

They trade a lot. It will change.

Fidelity Multi-Asset Income has a portfolio turnover rate of 256%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 52% for the Moderately Conservative Allocation category.

[m2711c]

You’re trading ing pizza pizza on the Toronto exchange? Or is there an ADR for that?

[4matic]

You’re trading ing pizza pizza on the Toronto exchange? Or is there an ADR for that?

If you’re talking to me it’s FMSDX.

https://fundresearch.fidelity.com/mu...mary/31638R717

It’s my largest holding. Next largest is PASAX. Yield at 6% and rising.

https://www.pimco.com/en-us/investme...sset-fund/inst

[m2711c]

uh… ok, i was talking to you, but i was referring your previous list regarding Pizza Pizza Royalty Corp.

I like the name.

[4matic]

uh… ok, i was talking to you, but i was referring your previous list regarding Pizza Pizza Royalty Corp.

I like the name.

Ah, that’s one of the things I like about the mgt. of course that’s only a small portion of the holdings but that’s the top whatever in the equity portion. The manager specializes in convertible bonds and has a large position in Draftkings convertible bonds.

Where they really messed up was very large position in SGHC last year. They own a lot of it’s debt too but it’s profitable company so no big deal.

[fastfred]

don't worry folks it's coming and it's faster than ya'll think

three weeks from today the middle class the poor the high rollers on credit will all be shaking their piggy bank looking for some coin
oil at $115 a barrel
the false economy based on low interest rates and cheap money for 15 years too long
consumer debt helocs credit cards over priced used cars on loan
and best of all the clowns we elect to represent us will fail to pass a budget they will continue to fling poo at each side as if what they think does anything other than line their personal wealth balance sheet
the shut down will last well into late January they will keep the stalemate up for the election so they can leverage that into a campaign against one another
then you know christmas break and they will all fly home on private jets to celebrate with their families for three weeks
and finally they will come back from that much needed break and be forced to do something since 60% of the country will be suffering by then

our own elected politicians will be crashing the economy for us
what a great country we live in

[byates1]

Ahh fuck it dude, let's go bowling..

[4matic]

The service economy is 70%+ and impact of oil is less than 4% of gdp. Fed action has so little impact on service portion and service wages are supportive. Those are all good reasons for bearishness.

Fed is so upside down late and with the wrong tools to fight structural inflation.

Powell basically said long rates weren’t his problem in the presser.

That said. Technical Charts are in a precarious position and small caps (IWM) can completely unravel.

[m2711c]

[liv2ski]

It's coming

https://news.yahoo.com/finance/news/...230043170.html

[gravitylover]

Too many things pointing the wrong way. It's making me think of moving some $ back to CDs and other safe, reasonably high yield accounts.

[liv2ski]

don't worry folks it's coming and it's faster than ya'll think

three weeks from today the middle class the poor the high rollers on credit will all be shaking their piggy bank looking for some coin
oil at $115 a barrel
the false economy based on low interest rates and cheap money for 15 years too long
consumer debt helocs credit cards over priced used cars on loan
and best of all the clowns we elect to represent us will fail to pass a budget they will continue to fling poo at each side as if what they think does anything other than line their personal wealth balance sheet
the shut down will last well into late January they will keep the stalemate up for the election so they can leverage that into a campaign against one another
then you know christmas break and they will all fly home on private jets to celebrate with their families for three weeks
and finally they will come back from that much needed break and be forced to do something since 60% of the country will be suffering by then

our own elected politicians will be crashing the economy for us
what a great country we live in

Preach Fred 💥

[byates1]

https://youtu.be/M_leNmT7xvM

Entertaining, funny, and horrifying. Murica.

[lowsparkco]

Too many things pointing the wrong way. It's making me think of moving some $ back to CDs and other safe, reasonably high yield accounts.

I’m convinced that this is about 80% of why it happens. Self fulfilling prophecy. When you talk about it long enough, which the media will, because they have nothing else to talk about, folks start racing to get out before “the big correction.” Stockpile cash and wait for the bottom is all anyone’s talking about right now.

[TBS]

https://youtu.be/M_leNmT7xvM

Entertaining, funny, and horrifying. Murica.

And he’s not wrong…

[summit]

https://youtu.be/M_leNmT7xvM

Entertaining, funny, and horrifying. Murica.

That was 100% worth the watch

[liv2ski]

Watching that first thought was Medicare for all and PE out.
Second thought, seize PE's $27 trillion in profits and apply to the $33T national debt.
In other words, fuck these parasites.

[NakedShorts]

This will need to bounce from here or else.....

Banks, Pensions, CB's, Funds sitting on 30 year paper from 2020 with a 1.25% yield now have lost 52% of the principal. Euro and Japanese versions are worse off.

I did try and warn ya'll

[4matic]

Russell 2000 near pre pandemic levels. SPY looks 5-10% lower. 4000~ ish

[4matic]

This will need to bounce from here or else.....

Banks, Pensions, CB's, Funds sitting on 30 year paper from 2020 with a 1.25% yield now have lost 52% of the principal. Euro and Japanese versions are worse off.

I did try and warn ya'll

Does the “dividend master” know what a coupon is?

I’d wager average price to par was considerably lower at times in the early 80’s. In fact, 30y bond “coupon” was almost 11% prior to the 87 crash.

[BobMc]

Dude’s been claiming the sky is falling for the last couple years, meanwhile the sky has not fallen. Eventually I suppose he’ll be right, right?

Had 246 shares of MMP, they merged with OKE. Ended up with 164 shares of OKE and a little more than 6k in cash ($25/share). MMP yielded well, so that blew my dividends/month down to $470. Picked up 100 shares of MO, put me back up to $504. Tobacco is down big this week, still apprehensive on losing share price but I can’t pass up the 9.3% yield for a dividend king.

I still have another 2k sitting in my account. Trying to sell a $7.50 put on CMPS for .58, if it sells I’ll be fine either way, keep the cash or get the shares at $6.92.

[skaredshtles]

Dude’s been claiming the sky is falling for the last couple years, meanwhile the sky has not fallen. Eventually I suppose he’ll be right, right?

Yep. That's how it works...

[byates1]

dude is great

[Timberridge]

Gold is selling like $1.50 hot dogs at Costco.

https://www.cnbc.com/2023/09/27/cost...few-hours.html