Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.
With respect to Mitch McTurtle in the Senate, Tweety Amin is the BEST example of a post-turtle. I'm surprised he hasn't thumped his chest and tweeted out self-adulation for this accomplishment yet, frankly.
Via Wikipedia:
"An old rancher is talki…
And now people are getting follow-up letters also SIGNED by Tweety Amin explaining the check and how he 'proudly' signed the bipartisan legislation (despite having no Dems at the signing ceremony).
Never missing an opportunity to stroke his ego an…
I made $500 selling OTM puts in SPY last week in my fidelity account. SPY has 3 expiry dates every week. I just sold PUTs the day before each expiry. It was ridiculously easy.
That's similar to what a trader (Darlene-someone, IIRC) years ago ca…
I think certain subsectors of 'growth' are going to be fine for the forseeable future ... cloud and operational technology, plus perhaps some pharma. But I'm not a broad -v-V investor, as I look at individual companies and sectors versus investing…
For Friday drinks today I’m thinking of a Trumptini: 2 jiggers bleach, 1 of Lysol, & 2 ounces of seltzer water, served over ice with a colloidal silver garnish that’s been UV-seared for ten minutes. Refreshing and disinfecting! (Funeral direc…
He spent a hell of a lot of time at the podium trying to be 'sarcastic' yesterday, then....during a national pandemic. Nobody's going to buy that walkback except his cultists, Fox Noise, Sinclair, and OANN.
Looks like Trump has been tanning to much with the raccoon eyes from wearing his sunglasses. Maybe that it is how he thinks he is immune to getting Covid-19.
He lives in the WH bubble, so he is well-protected anyway. So he figures he's invincible.…
Great discussion .... I'm still quite happy with PRWCX as my sole allocation fund at the moment, though I've considered adding one of VG's Global Welly fund to my mix but not pulled the trigger yet.
Our leader thinks injecting disinfectant like Lysol into the body might work:
Injecting disinfectants is by far the stupidest thing he's ever said since 2016 .... and that's saying something. Step right up and take ol' Doc Mengel----er,Tweety's (la…
Rolled my May 75 covered calls on D into Jun 80 calls for a small profit .... the Jun calls seemed rather richly valued. I own D around $75 so there's nice profit potential on the upside and decent cushioning on the downside.
Inflation... Hmmm... the dollar is ALWAYS smaller, where I live. Things are much more expensive, ALWAYS. People are getting "weeks to the gallon" through this crisis, and they're happy about it, both here and on the Mainland. Gas is down to just abo…
Merkel gave a C19 briefing the other day and wonderfully explained in simple words how moving from 1.0 to 1.1, 1.2 infection rates would impact their health system by various months. The unempathetic idiot Tweety Amin couldn't do that ... he jus…
In recent days I've sold out of WRK, converted BIP to BIPC, and sold one of my CHS preferreds (realized I didnt need two different series, I could just load up on one.)
At the moment I'm treading very cautiously and erring on the side of capital pr…
Don't forget to factor in commissions as well --- which will eat into your 'income' from selling puts. I'm not sure what VG charge for options trading (I suspect it's higher than others) but if that's something you're interested in, I'd strongly s…
Yes selling OTM puts can lead to regular income and I think they fall under friendly 1256 tax rules but I don't really remember... but if you're smart you will have them cash-secured, meaning if the market or stock symbol tanks and you're suddenly f…
https://www.washingtonpost.com/opinions/2020/04/14/trump-kushner-could-reap-pandemic-windfall/
There's grifting happening in Casa Blanca here in DC? I'm shocked, SHOCKED!!
If I am making more money I expect to be paying more taxes. I can think of far worse things to worry about in the prime of my career than whether I'm bumped into a higher tax bracket this year or not. Being debt-free, living within my means, and …
It's not just you....
Very interesting to see your comments on the parallels with religious faith and cults. I was wondering if it was only me that felt that.
In my long-long term account, I DRIP everything and let the quality holdings do their thing. Unless the company itself screws up (ie, Boeing) I will watch them and otherwise let them ride.
In my personal account, I exit longer-term positions when …
Hah, great!
I can't download this one, but it's a safe-for-work and VERY VERY catchy tune with brilliant lyrics. (no Twitter account required to view it)
https://twitter.com/petershankman/status/1243611688659750914?s=20
Somewhat on-topic: WSJ reports that Tweety Amin wants *his* signature on the coronavirus stimuls checks, not the regional federal disbursing officer, as is usually done. Because, ego. And elections.
Of course, most of the money is going back via…
"When you have the money" is my initial answer to the question. DCA into a position and embrace volatility to the downside to buy more at lower prices.
I've been buying into the falling knives, but the losses are .... okay for the moment. Doing little if any selling, because I rarely sell into a down market.
On some existing stock positions I've put on combo positions using options to hopefully …
Sometimes the better money is made over the long term by trading slowly. When I traded futures I started with 5, 3, and 1 minute time charts then tick charts and other esoteric ones, often opening and closing entire positions "inside the bar". Fi…
A friend (former priest) asked what the law would say if a senior citizen shot or retaliated against a youngster for deliberately coughing on them as has been reported is happening to some folks in Germany. He was wondering if a judge would interpr…
Katniss Everdeen: "I volunteer for tribute!"
GOP: "I volunteer you as trade-off!"
Remind me again which party was railing against alleged government 'death panels' when the last president was trying to save lives by bringing expanded health care t…
Tweety Amin may want to re-open the economy, but will enough people actually start going out to public places to make the economic benefits work?
Or, more likely, will he moronically re-open things and end up making the problem worse for everyone?
…
Futures are LIMIT DOWN again ... probably due to gridlock in the Senate and Tweety Amin's latest monotone fantasty blatherings from the dais. Gonna be a quiet night in the futures markets until 0930 ET when anything goes.
Buckle up, folks.
Caribbean Cask and Macallan-10 are my go-to for Speysides. ;) #GreatMinds
@rforno now you’re talking! That’s the kind of purchase I can get behind... Love LaPhroaig along with my Balvenie Caribbean cask which is quite smooth....
If it paid 10, 12 percent? I'd probably give serious consideration to moving 1/4 to 1/3 of my holdings into them and 'forget' about them. But for low-to-mid single digit interest rates? Not tempting at all.
I saw what 14% bonds did for my f…
re: 2018's Christmas swoon ... yes, I did some buying back then, mostly adding to existing positions. Nothing like what I've been doing these days, though.
I had some dry powder in my 403(b) that I normally use over the summer to invest into thin…
IF you're young and have time on your side, this past few weeks has been a fantastic opportunity to embrace volatility and DCA into positions you want to keep for the long-haul. I've incrementally put a significant amount of idle cash to work into b…
