All things STOCKS

#1,576
#1,576
I wonder why CNN.com is indicating that PPG is up nearly 70% in the pre-market. Either their quotes are whack or paint can cure COVID-19.

Major averages futures showing plus 4% as well.
 
#1,584
#1,584
TheColdVolTruth said:
I started a position in YUM and BLMN today with my profits from OILD. Of course WEN spikes over 40%. I plan to continue to add if they go lower. I think these will bounce back long before the travel industry.
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I like my positions in YUM and BLMN, but WEN has doubled since I almost bought it last week. *sigh*
 
#1,591
#1,591
I was asked a question today from a client of mine and I told him I couldn’t answer it because I’m not a financial adviser and to contact his, but I found his question interesting and want to pose it to yall.
If you had $100,000 would you pay off your mortgage (he owes $100,000 at a 3.25% interest rate) or would you put it in the stock market right now with how crazy the market has been? For some insight the client is about 70 years old and has an IRA which is separate from this $100,000. Looking forward to hearing your responses.
 
#1,594
#1,594
ninerplaya57 said:
I was asked a question today from a client of mine and I told him I couldn’t answer it because I’m not a financial adviser and to contact his, but I found his question interesting and want to pose it to yall.
If you had $100,000 would you pay off your mortgage (he owes $100,000 at a 3.25% interest rate) or would you put it in the stock market right now with how crazy the market has been? For some insight the client is about 70 years old and has an IRA which is separate from this $100,000. Looking forward to hearing your responses.
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A guaranteed 3.25% return is very good for anybody that is risk averse and 70 years old. But it won't be hard to exceed that return from these levels with a longer term time horizon. The Vanguard total market fund or a high quality dividend fund would work very well. Individual stocks aren't for anybody overly concerned about losing it forever.
 
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#1,595
#1,595
ninerplaya57 said:
I was asked a question today from a client of mine and I told him I couldn’t answer it because I’m not a financial adviser and to contact his, but I found his question interesting and want to pose it to yall.
If you had $100,000 would you pay off your mortgage (he owes $100,000 at a 3.25% interest rate) or would you put it in the stock market right now with how crazy the market has been? For some insight the client is about 70 years old and has an IRA which is separate from this $100,000. Looking forward to hearing your responses.
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I don’t see a compelling reason to pay off the mortgage. I’d probably start dollar cost averaging into a conservative dividend based stock index fund -10k per month over next 10 months.
 
#1,596
#1,596
Thunder Good-Oil said:
A guaranteed 3.25% return is very good for anybody that is risk averse and 70 years old. But it won't be hard to exceed that return from these levels with a longer term time horizon. The Vanguard total market fund or a high quality dividend fund would work very well. Individual stocks aren't for anybody overly concerned about losing it forever.
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Thunder I think you might have read it wrong- he isn’t getting a return of 3.25% that is his mortgage interest rate. What high quality dividends do you recommend?
 
#1,597
#1,597
OldandStillaVol said:
I don’t see a compelling reason to pay off the mortgage. I’d probably start dollar cost averaging into a conservative dividend based stock index fund -10k per month over next 10 months.
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I’m in the process of learning about dividends. I know some stocks offer dividends. Is that what you’re talking about here or is a dividend stoxk index fund something different entirely? Thanks for you help!
 
#1,598
#1,598
ninerplaya57 said:
I’m in the process of learning about dividends. I know some stocks offer dividends. Is that what you’re talking about here or is a dividend stoxk index fund something different entirely? Thanks for you help!
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Yes, a stock index fund is a collection of stocks. Thunder and others know better and follow them more closely - there are all kinds of index funds and certainly ones that focus on dividend paying stocks. Index funds typically have lower operating expenses than mutual funds therefore you are getting more for your money.
 
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#1,599
#1,599
OldandStillaVol said:
Yes, a stock index fund is a collection of stocks. Thunder and others know better and follow them more closely - there are all kinds of index funds and certainly ones that focus on dividend paying stocks. Index funds typically have lower operating expenses than mutual funds therefore you are getting more for your money.
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Thank you!
 
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