All things STOCKS

#16,179
#16,179
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#16,181
#16,181
I couldn’t resist so I checked my accounts and am choosing to focus on my AMD holdings which are up $1.21 atm! Yea, unfortunately everything else is in the red.

Edit - AMD now up $4.09 - The power of positive thinking!
 
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#16,182
#16,182
Schwab app not working and Vanguard app not working although Vanguard message was to try desktop login. Turrible. I guess the masses will get to trade after the big boys have made their moves. I wasn't gonna do anything yet anyway but dang Schwab has to be better than this! I'm gonna touch base with my advisor later in the week and see if his Schwab access was down.
 
#16,183
#16,183
KnoxLandcruiser said:
Schwab app not working and Vanguard app not working although Vanguard message was to try desktop login. Turrible. I guess the masses will get to trade after the big boys have made their moves. I wasn't gonna do anything yet anyway but dang Schwab has to be better than this! I'm gonna touch base with my advisor later in the week and see if his Schwab access was down.
Click to expand...

Yes. Schwab is having issues today. But I did see on Reddit that their 1-800 was helpful.
 
#16,185
#16,185
Thunder Good-Oil said:
What’s on everybody’s shopping list?

I’ve been wanting to own ASML for about 2 years but it’s been going straight up. It has a lot of China risk, so I think I’ll hold off a bit.

Bitcoin and/or CC and blockchain, etc. Maybe energy/utilities is a better ancillary play. Utilities benefit from interest rate cuts, which should be by almost half in the next 12-18 months. Trump won’t get in the way of big energy. Harris has to pretend like she doesn’t have a hostile oil agenda until after the election.

Berkshire-Hathaway. What are Warren’s disciples going to do with those hundreds of billions in cash?

Healthcare. The boomers are going to keep on aging and needing meds and procedures. CURE and XLV.

Defense. LMT. RTX. What’s a missile cost these days? A half million dollars per launch? A million?
Click to expand...

I’m gonna buy a lot of NVDA and CAVA for sure, and am thinking about overhauling AAPL and GOOG in favor of META and MU.
 
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#16,186
#16,186
walkenvol said:
I’m still unsure of what exactly is causing the huge sell off? Lots of speculation, but no clear answer. IIRC, the markets are usually pretty good leading up to a presidential election. There’s no obvious housing bubble or dot.com bubble? May be a time to stay in cash until everything shakes out? Investing isn’t for the weak of heart! Going to be difficult to not follow the carnage all day but I’m going to try to wait
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I know this isn't all of it but I believe it does move the market. If you track the recent down trend, it coincides with Biden dropping out. Before he dropped out, it was going to be a walk in the park to Trump winning. Now it's a toss up. I think there is a corelation.
 
#16,189
#16,189
I feel like tomorrow won’t be the best day to buy this week. I think that the Tuesday gains that are coming will be whittled away later this week and into next week. But there can certainly be other forces that affect things.

The Fed could actually make a move. I don’t think that they should, we’ve really only given up gains at this point, but they “could”. There’s an election in 92 days. The Dems are toast if there isn’t a quick snap back rally that holds.
 
#16,191
#16,191
Went 35% CDs in my SEP-IRA earlier this year. At 72 I didn't want to be caught having to sell stocks to take Required Minimum Distributions. (Next year) or a large decline.
I think the market will correct, but there's no guarantee.
I bought a little stock yesterday. Drove from TN to MI today or might have bought more.
It seems priced about right now. They have been saying the mkt is trading at a high multiple for weeks.
I feel for people who get excited and buy when everything is rosey, and then sell near the bottom thinking "I'm going to get out while I still can".
 
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#16,192
#16,192
Go aeiou said:
Went 35% CDs in my SEP-IRA earlier this year. At 72 I didn't want to be caught having to sell stocks to take Required Minimum Distributions. (Next year) or a large decline.
I think the market will correct, but there's no guarantee.
I bought a little stock yesterday. Drove from TN to MI today or might have bought more.
It seems priced about right now. They have been saying the mkt is trading at a high multiple for weeks.
I feel for people who get excited and buy when everything is rosey, and then sell near the bottom thinking "I'm going to get out while I still can".
Click to expand...

That’s a good tip.
 
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#16,195
#16,195
Well, for me, it's really been pretty ordinary stuff. I was expecting a big deal after the Nikkei on Monday, but I guess they changed their mind.
 
#16,196
#16,196
Thunder Good-Oil said:
What’s on everybody’s shopping list?

I’ve been wanting to own ASML for about 2 years but it’s been going straight up. It has a lot of China risk, so I think I’ll hold off a bit.

Bitcoin and/or CC and blockchain, etc. Maybe energy/utilities is a better ancillary play. Utilities benefit from interest rate cuts, which should be by almost half in the next 12-18 months. Trump won’t get in the way of big energy. Harris has to pretend like she doesn’t have a hostile oil agenda until after the election.

Berkshire-Hathaway. What are Warren’s disciples going to do with those hundreds of billions in cash?

Healthcare. The boomers are going to keep on aging and needing meds and procedures. CURE and XLV.

Defense. LMT. RTX. What’s a missile cost these days? A half million dollars per launch? A million?
Click to expand...
What are your thoughts on the crypto trust and mini trust? I’m looking to load up on $GBTC
 
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#16,198
#16,198
Majors said:
What are your thoughts on the crypto trust and mini trust? I’m looking to upload up on $GBTC
Click to expand...
Crypto investing reminds me of sports betting. Crypto isn’t a business that produces a service or product. Is there another invest on the on the US stock market that doesn’t produce a service or product?
 
#16,199
#16,199
Thunder Good-Oil said:
I’ll be surprised if I recover my loses over the last 3 days before 2025.
Click to expand...

My holdings have largely rallied since yesterday morning. My largest positions are only down 3.5% since the opening bell on Friday. Not gonna lie though, it looked really ugly this time 24 hours ago.
 
#16,200
#16,200
Majors said:
What are your thoughts on the crypto trust and mini trust? I’m looking to upload up on $GBTC
Click to expand...

I’m still looking into the options. Those SEC approved spot ETPs are looking like a good way to get direct exposure. And they trade like stocks in brokerage accounts instead of having to keep up with the actual coins. The downside is that they are priced Friday night and you’re stuck in the position until Monday morning and also each Monday thru Thursday evening while the highly volatile, underlying crypto asset trades 24/7. There are also management fees but they aren’t too bad.

With MicroStrategy stock you get a boatload of Bitcoin that they accumulate, but their strategy is to own it rather than trade it. So with MSTR you still risk being long if Bitcoin was to crash.

The ETPs that I’ve found so far all look alike. I don’t know if any are managed outside of stock trading hours. They all just look like a pile of coins and you’d own your proportional share.

There are also a couple of crypto brokers. But they won’t participate directly if coin prices soar.
 
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