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Like @hank, I can't bring myself to invest in a thing that's already had such a run-up. I think like Buffett re: gold. Dunno where he stands re: silver. Lots of industrial/medical uses. rono pointed that out.
We are unwinding our gold position slowly after a meaningful gain over last several years. Gold is near $4,800 per ounce. Gold does not produce earning and dividend, but it serves as a trading instrument in this environment.
TACO trade! I bet, like me, your shit was up bigly, today? Jan. 21st, 2026. I'm currently investigating an unowned prospect: Banco de Sabadell, out of Spain. Looks like there is often not a single share traded through a whole day, lots of times. I'm looking at the ADR, ticker BNDSY. Some months ago, BBVA was wanting to take over Sabadell. There was only partial approval from regulatory entities; the offer became "hostile." I think the whole business is completely dead, now?
$7.52/share. Divvy over 4%. Schwab says the divvie is granted semi-annually. I'm wanting some informed thoughts about whether or not to buy or stay away. Thanks in advance.
*EDIT TO ADD: Looks like this puppy was left in the dust, going nowhere today, after Markets leapt...
@Crash- Since you mention a 4% divvy and I believe that you like income, you might be interested in knowing that I just picked up a couple of non-callable 3.7% FDIC CDs at Schwab, one for 1 year and 1 for two years.
One was Wells Fargo and the other was Goldman Sachs. Seems like at least a couple of the big boys are not thinking that the Fed will be lowering rates significantly for a couple of years. I thought that was interesting.
Not gonna happen unless some really nasty inflation breaks loose in the economy. That's why I took one 1-year and one two-year. Unlike that other guy I have no idea what the future holds, so I try to stay as flexible as possible.
Earlier in the week I off-loaded a small basket of individual stocks (BRK-B about 40% of the lot and 5 other). The old expression "If you can't stand the heat ..." comes to mind. There's a reason mutual funds were invented and rose in popularity. Proceeds were redistributed across my fund portfolio and also used to beef up the dedicated cash position from below 20% to 22%. (There's substantial additional cash / bond exposure inside the diversified portfolio holdings). I'm coming off 3 very good double-digit years. No need to push limits at this time.
My "cash" position is split between PAAA and AGZD. The former holds short term collateralized debt similar to JAAA. The latter tracks a high quality intermediate / long duration bond index while cancelling out interest rate risk with shorts on treasuries. I recognize these, especially the former, are riskier than CDs. Should produce a percent or two over money market funds longer term.
BTW - Conventional wisdom says the risk markets will continue to roar until we get close to the mid-terms as the Admin pulls out all the stops. Probably correct. But not willing to risk life savings on that bet at this age.
Buy low, sell high. BLX has had a great run up, along with everything else in the past couple of days. (and prior, too.) I've got a sell order in for just over 4% of my total investment there. So, as Liz Ann Sonders has said: "trim high and buy low." ...Looking to replace FBP. Too volatile, and on the 2nd day of a fabulous run-up, it was down by over 2%. I'm not panic selling. The damn stock looks great on paper re: fundamentals. But there is a very big SHORT bunch of parasites betting against it. I will choose from among:
a) the Big 5 Canadian banks or b) EWC (Canada) or c) GAL (worldwide allocation.) d) Banco de Sabadell is out of the running by now. But it will pay to wait. Everything's at new highs! A nice problem to have. If I do not choose the banks, I'll be settling for a smaller divvy. Breaking my own rule.
Comments
@Crash- NOT SILVER !!!
(hee hee heee)
Congratulations on ya!
$7.52/share. Divvy over 4%. Schwab says the divvie is granted semi-annually. I'm wanting some informed thoughts about whether or not to buy or stay away. Thanks in advance.
*EDIT TO ADD: Looks like this puppy was left in the dust, going nowhere today, after Markets leapt...
One was Wells Fargo and the other was Goldman Sachs. Seems like at least a couple of the big boys are not thinking that the Fed will be lowering rates significantly for a couple of years. I thought that was interesting.
Earlier in the week I off-loaded a small basket of individual stocks (BRK-B about 40% of the lot and 5 other). The old expression "If you can't stand the heat ..." comes to mind. There's a reason mutual funds were invented and rose in popularity. Proceeds were redistributed across my fund portfolio and also used to beef up the dedicated cash position from below 20% to 22%. (There's substantial additional cash / bond exposure inside the diversified portfolio holdings). I'm coming off 3 very good double-digit years. No need to push limits at this time.
My "cash" position is split between PAAA and AGZD. The former holds short term collateralized debt similar to JAAA. The latter tracks a high quality intermediate / long duration bond index while cancelling out interest rate risk with shorts on treasuries. I recognize these, especially the former, are riskier than CDs. Should produce a percent or two over money market funds longer term.
BTW - Conventional wisdom says the risk markets will continue to roar until we get close to the mid-terms as the Admin pulls out all the stops. Probably correct. But not willing to risk life savings on that bet at this age.
a) the Big 5 Canadian banks or
b) EWC (Canada) or
c) GAL (worldwide allocation.)
d) Banco de Sabadell is out of the running by now.
But it will pay to wait. Everything's at new highs! A nice problem to have. If I do not choose the banks, I'll be settling for a smaller divvy. Breaking my own rule.
I don't invest in individual stocks (except for one stock) but I would heed the following advice if I did.
Bolding was added for emphasis.
"Don't gamble; take all your savings and buy some good stock
and hold it till it goes up, then sell it. If it don't go up, don't buy it."
—Will Rogers