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I came within a click of trying BTC a few times.. never could actually bring myself to do it. Because I didn't understand it.
So even if things drop to near March levels you would stay away?
I’d buy the March lows for sure. The real issue is there is a pandemic and our number 1 seems to think everything is well and fine. That’s a big problem and the market is waking up to that. We need leadership, then the problem sill right itself. Hopefully Leronlimab can be a bandaid for the fall and winter.
An interesting way to play bitcoin if you don’t want to actually deal with the headache of buying and subsequently not getting them stolen / losing them is to invest in $BRPHF aka Galaxy Digital Holdings. Current market cap is 62.9 million. Has around 80 million in bitcoin alone. Looks like first quarter wasn’t pretty trading but seems like there is upside in the investments above and beyond just the trading.
Funny you mention D&B, as that is one of
Alright bonus obscure stock. Let’s say you think covid is bad and likely to be around for awhile. It’s not a leap to say it may perhaps materially decrease life expectancy of those 70+. Now let’s say you have a company with 27.5% exposure to over 2.5 billion in potential life settlement policies with an average age of 85 years old and is trading around 50 million in market cap. Presentation here.
T? You mean TAP?
At this moment--I generally agree with this. We're in this weird spot where many of the "covid" stocks have run up to pretty high levels. They are expensive for a reason. Sure--there is still room for them to go up--especially if this thing lingers longer than we anticipate--but I'm not sure if we can call any of them bargains or "de-risked" values. We're also at a point where some of the stocks for companies that require a more open economy to thrive have moderately to significantly bounced off of lows. Some of these companies are truly zombies that probably would not make it through a prolonged limited opening had it not been for government intervention and injection of funding. If the pandemic goes on longer than what we are expecting--I wouldn't be shocked to see some of these companies dissolve or get acquired by others with stronger balance sheets. I think the biggest long term upside might be to target the companies in sectors that have gotten destroyed (possibly cruise lines, airlines, casinos..etc) and try to pick the ones that you think will survive through this pandemic and be there on the other end. The companies in decimated sectors that survive this thing will have a period of time where they will thrive and dominate market share. With that said--these are really risky plays--and secondly--I see no reason not to wait even implementing this strategy. I feel like it's much safer to wait and see how things pan out and gather more information even if it ends up costing you an additional 5-10% of potential profits. I'm not trying to get likes or cater to the fbg--but honestly--if I were to consider buying a stock on Monday---I don't know if I could talk myself into much outside of getting more CYDY.
How about 2018 when stock market was down and earnings were up big? Market is nowhere near severely overpriced.
Maybe it would have been better if he used the word '"expensive"--and historically speaking--he's right. Stocks are historically expensive relative to their profits.
Yes companies killed it in 2018. I remember that one clearly; they did an excellent job with financial engineering thanks to much unneeded tax cuts they received. Glad they put that money to such good use in the real world.
100% agree here. I can't invest in companies I don't believe in and AT&T is terrible in just about every facet of their business.
Pandemic may be behind us by then based on the rate it's spreading. I think most of us agree that it's real. What we don't know is how many people have contracted it.
I can invest in companies I don't believe, but not if their stock price hasn't recovered to 2000 aught levels.
I don't think anyone is saying sell Amazon, but to put it into perspective, they aren't cheap. Their PE is over 100 and their growth is far from what it was 5 years ago. Here is their growth chart by revenue (since actual earnings are basically meaningless, which I disagree with, but I won't die on that hill); https://www.macrotrends.net/stocks/charts/AMZN/amazon/revenue
I'm trying to lowball 2 houses in hard hit CV19 areas simultaneously, I am hoarding cash. One of the reasons I took this strategy was to DCA in money I know I won't need for things I'm trying to do so that I can eliminate emotions and let it grow for decades. I stick with that strategy bc it is a winner. I might adjust the strategy a little next week and buy incremental FB or TWTR when the panic kicks in from all of the faux social media outrage and selling takes hold, but nothing to write home about.
I'm right there with you. 1,000 shares at $1. I'm hoping to some home improvements done (master bathroom redone, etc.).
But if their network sucks and their customer service sucks, how are they going to maintain market share against Verizon and T-Mobile?
Maybe we should be saying sell Amazon. My point was that when you say the NASDAQ is overpriced, you are essentially saying 5 stocks are overpriced. If you are betting on the NASDAQ dropping, you should be selling those 5 stocks.
I’ve never had a problem with AT&T’s network and their customer service is adequate. I was going to switch to Verizon but I’ve heard their customer service is terrible now, the switch was solely because both my kids could use new phones and I was going to see if Verizon would buy me out of what I still owed on their phones.
Probably explains why this stock is half the price it was in 1999 and still chasing it's 2007 high.
Don’t just quote a PE number without any context. Back in October their PE was 72 with a forward PE of 45. After that they told us that they were going to be dumping billions into 1 day delivery (amazing move considering CV). Then comes CV where they spent another $4B on safety, etc. which will hopefully make things more efficient and prevent problems the next time around. Their revenue in Q1 was around 30% up from Q1 2019. That’s drastic for a company their size and the profit potential is huge. Google had solid growth of 13% YOY and Apple had less than 1% YOY growth.
For day trading, sure.
Yet you can buy it Monday and get 7% paid to you every year that will likely increase for the foreseeable future. You're not buying T for the price growth. I agree with a lot of the criticisms though. They have bought a lot of things that don't really seem to make sense to their core business. They're still basically a duopoly with Verizon on cell service, but Verizon is a lot more focused on that business. Reasonable to think VZ will have a higher total return.
I never had a problem with Verizon's customer service or heard of it being anywhere near the levels of AT&T, Comcast, etc. But might be something for me to look into.
I have said as much in here that I agree stocks are slightly overvalued historically when looking at PE ratios. However, with interest rates so low the equity risk premium is historically very good. I mean, the yield on the S&P 500 is 2 1/2 that of the 10 year Treasury.
Well I appreciate you linking the milkshake theory here but the milkshake theory is more a consequence of the USD being the reserve currency than saying the USD will remain the world reserve currency. He even acknowledged it towards the end. There could be a near-term short squeeze in the USD but that doesn't necessarily change things.
The task force docs yesterday dropped “cytokine” a few times in yesterday’s press conference.
When, not if, IMO. Eventually, the world will get sick of the US printing our way out of everything; could take 20 years, could take 70. This is a pretty simple concept.
