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Stock Thread 2019

Entoptic said:
Well played. We’ll see how the rest of the week plays out.
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Had to happen. It ain't over yet. Edit. We had a great runup that took us almost back to the last peak. Lots of smooth sailing and smiles. Now that has to be digested a bit. Like eating a full meal, you stop and don't eat for a while.
 
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O boy: From the Wall Street Journal:

WASHINGTON—The U.S. budget gap widened in the first four months of the fiscal year as tax collections fell and federal spending increased.

The government ran a $310 billion deficit from October through January, compared with $176 billion during the same period a year earlier, a 77% increase, the Treasury Department said Tuesday.

If I make any recommendations now, it's to avoid equities for a bit. This is simply really bad news. It ain't gonna help bonds either.
 
Blankpage said:
Inflation drives up the cost of stocks also. Waiting to see what Buffett says.
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Sometimes. If earnings are down because consumers have less money to spend, and corporate buybacks are down because credit is no longer cheap, and R&D is down because there's less money and it costs more....

I was talking with a commercial real estate broker/underwriter over the weekend. She said that she's expecting a credit crunch and slowdown.
 
Reli said:
Many very respected, high-level people say deficit growth doesn't matter anymore. Hilarious.
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Indeed. It's called MMT or Modern Monetary Theory, and there are some here on BARF who are firm believers. They can't justify it but they believe it.

Just keep on printing money...... It's only xx% of the GDP, so it's ok. :laughing


Interest, in less than ten years, will be the biggest sector of the budget. That's scary.
 
2legs2wheels said:
How soon does she anticipate that? in a quarter or next yearish?
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Hah. I don't know if anyone is going to pinpoint that. My take is that the nice ride is over for a while. Could be very wrong. She said she's seeing indications. And she's just a college grad, she's not Warren Buffett.
 
Sometimes Warren Buffet isn't Warren Buffet either. Kraft took a $15b write-down on Oscar-Meyer a couple weeks ago, tanked their stock 35%, and BH owns something like a quarter of the company. Oops.
 
I just rolled 6 figures from Fidelity into Charles Schwab IRA and need to re-purchase securities and investments for the long run.
 
I like the target date funds for long term hands-off growth. Sleep pretty well at night with my 401(k) in the Vanguard 2050.
 
HappyHighwayman said:
I just rolled 6 figures from Fidelity into Charles Schwab IRA and need to re-purchase securities and investments for the long run.
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Schwab has several options in terms of target date, as Nick mentioned, and also some advisors.

The only thing I'd say about securities is to stay away from individual and buy ETF's like VOO. SCHD, SCHX.

As far as bonds, it's all a toss up. Nobody knows, but the trend is looking like increasing interest rates.

Everyone has different goals, needs, and priorities.
 
Ok I purchased a bunch of different Vanguard ETFs and rounded out my Canadian bank stocks.
FInancials, Growth, IT, Explorer, and Russell 3000
 
Lets talk Lyft real quick. I'm registered to buy some pre-IPO. Locked in for 120 days. I'm in my 30's, pensioned job, spare savings, in a decent financial position. Worth risking 10% of savings on?
 
Bought 500 shares of CURLF today (granted near its peak). Should be a wild ride with that one. :smoking
 
kingmoochr said:
Lets talk Lyft real quick. I'm registered to buy some pre-IPO. Locked in for 120 days. I'm in my 30's, pensioned job, spare savings, in a decent financial position. Worth risking 10% of savings on?
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In my opinion, no. There are lots of good stocks out there. Lyft might be great, and it might suck. Let's put it another way.

Imagine you are 70 and want to put 10% ( a very significant portion) of your money into one stock with no history............

If you should put 10% in anything, it should be a tracking ETF like VOO.

Unless, of course, you really truly absolutely believe Lyft is going sky high. Then, at least, you have a reason to risk that much money. The difference between gambling and investing is that investing is putting money into something you believe will have value in the not so near future.
 
pintrest i think is going public soon as well. i can see lyft sky rocketing then coming way down in a week or 2 like go pro did.
 
kingmoochr said:
Lets talk Lyft real quick. I'm registered to buy some pre-IPO. Locked in for 120 days. I'm in my 30's, pensioned job, spare savings, in a decent financial position. Worth risking 10% of savings on?
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I would chance it if I thought I was paying less than the IPO price. Otherwise it's a question of how much you know about the company vs. the average investor.
 
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