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Most of these are actually technology companies, Amex is the only one where lending or deposits is the primary income driver.
Exactly. It was up to $6 earlier today.
For my ST plays, I'm totally with you, and have been doing the same with DFS. I have some LT IRA funds in cash right now and I've been wanting a little more exposure to financials/payments than what I'm getting in S&P and Russell tracking indexes. Still looking through some other ETFs and not feeling like I'm in a FOMO moment just yet since this would be a long hold.
I wouldn’t want to be tied to consumer credit right now so think this is a good one if you want to get into shift to more e-commerce.
What's the quick lowdown on this one again? Chinese scam or legit undervalue play? or both?
I have no answers. Just following a recommendation from someone on here, cant remember who.
Think the drop was too violent and presented a buying opportunity because of that or did you like it at 48 as well?
Sorry - saw the below and jumped the gun
Violent drop coupled with an attractive valuation again. We bought a lot in March during the sell off......when CSCO goes below 45 I am always adding.
I feel like I just keep adding things to my watchlist but nothing ever comes off it for the same reason. I own JPM but I bought during and just after the crash and have had MSFT for a long time. I've actually done ok trading CRM but don't own it. I have many of the others you have on my watchlist, too, but they're just sitting there.
Yeah, I actually don't own JPM because I'm very overweight financials, especially banking, and I don't want to compound that. That's one I would otherwise have bought a full position in months ago. And probably still would at this point.
I have no idea.
You already know I like your style and over the past few months have been kind of copying it a bit. I feel like I get enough exposure to the total market fund and big time sector leading companies in my primary IRA and TSP which have limited options. The IRA I play with is a smaller dollar amount and I focus more on sector specific ETFs like you and others have mentioned. And then some individual stocks that I want a little more exposure to or based on the Stonk Thread Pro's recommendations. I like the balance of it all and makes me feel comfortable.
I don’t think I could go back to strictly mutual funds. I trade about 80% of my entire portfolio, but a big chunk is AMZN and I’ll let that keep running. I’ve got about 40 stocks, so almost like my own mutual fund. For the most part I haven’t done anything but buy. I’ve only got a few short term stocks so I don’t trade enough to get stressed, but I do have a bunch more stocks I watch and I do check quite a few times, depending on work.
Doubling in ten years shouldn't be tough, at a 7.2% average return.
Yeah, that’s why I’ve set that as my new goal. I’d love to exceed it but that would lead to a really comfortable retirement. I don’t have the pension like you but my wife and I have worked more than enough to both get max SS. Seems like that would be around $50k a year plus 4% a year of the nut would be a very comfy existence with no kid costs.
Yeah, I don't have to worry about that for another 20 years but I think you're right.
Luckily us young farts likely won't have to wrestle with that decision when our time comes.
Just doing my own math here, using the rule of 115, I'd need 8% annual to triple our investments before our daughter enters college. That will make for a rather comfortable retirement at 57 at the 4% rule.
Hold it for 12 months and you will make IMO 30-35%Made a whole $6 on CSCO today
Sounds like we need to put in a call to Clarence Beeks.Question for the commodity types:
Wife and I had a conversation about the Derecho that just swept though the midwest this week. She has a soy bean farm that shares equal parts in central Illinois and Indiana, waiting for an update.
Looks like Iowa got flattened. Probably means the upcoming Field Corn harvest is going to be down. This has a chance to affect upcoming costs for simple crap like cereal and other foodstuffs we use daily. (Oh, and Ethanol)
Any thoughts on what you should get into, or, out of?
1. Yes, about seven years ago one came screaming through WV. Charleston, the capital city, was without power for over a week. No gas, no ATM's, food shortages because the stores have no power. Funny thing, I stood out on my front porch getting drunk as possible knowing stuff was about to get real as it passed through where I live. Even funnier, I lose power where I live a lot. Can't explain why, it is what it is. We kept electric that whole week or so. Our house was open to anybody that needed heat relief or food during that time.
100% agree. Give me the money. I’ve done the same analysis and come to the same conclusion.
Funny you say that. I saw some talking head interviewing someone from Intel, and the scroll said that it was up 50% over the past three years. I think I have that statistic right. Got me thinking as to whether that is actually any good? I don’t think it is but it’s better than the speculative numbers that you floated. I suppose the info on that scroll was meant to be impressive, with a 50% return in three years, but my guess is that lags the broader market.CSCO is terrible I’m sorry to be contrarian here. They’ve lagged tech for years. They have a 3% yield I believe which is okay but I put it with IBM, MU, INTC hard pass. They’re being lapped by better, more innovative companies and will continue to do so. I sincerely doubt you are getting 30% in 3 years here
He got me 20% out of a utility company in 1 month (240% annualized return). I'll give him the benefit of the doubt that 30% is achievable.CSCO is terrible I’m sorry to be contrarian here. They’ve lagged tech for years. They have a 3% yield I believe which is okay but I put it with IBM, MU, INTC hard pass. They’re being lapped by better, more innovative companies and will continue to do so. I sincerely doubt you are getting 30% in 3 years here
Actually, tax wise there should be no real difference. The amount of SS taxed is based on your other income and you aren’t avoiding taxes if you get it later. The amount taxed would be the same exact ratio. I used my expected in the example above but just taking current values with a couple. We’d get $4530 a month at 62 and $7580 a month at 72. At age 72, I’ve got $533k assuming a 5% gain. Let’s look at age 90. Starting at 62, I’ve got $3.26M. Start at 70 and I’m at $3.09M. 3% is $2.48 for 70 and $2.37 for 62. 7% is $3.87 for 70 and $4.55M for 62.
Please explain this to me like I'm Otis. What is other income? I assumed that if I was working at 65 that the SS income would be added on top of that?
