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.
I've always been a proponent of defense investing as a long-term allocation in my accounts. Have held several individual stocks over the years and also own FSDAX.
FWIW saying I recently put on a speculative long-term GE options trade as described in the BSW thread for May. At this price, it's worth a gamble with some fun money I think.
Hi @rforno
You noted: " in 'safe' bonds earning piddling amounts"
Is/are the piles of debt too large across most bond areas? Yes. Will a day of reckoning arrive to blow up the debt markets? The potential exists.
Catch
Absolutely. Ten, twenty yea…
If I was sitting on 25M like her I'd probably have 5-10M in 'safe' bonds earning piddling amounts as my cash 'bucket' for emergencies and/or my retirement piggy bank. Remember, the more you have sitting "earning next to nothing" the more "somethin…
How much China is represented in these funds/indices anyway? It can't be that much, but I guess Boss Tweety needs something new to distract from his ongoing flailing & failing these days, so .....
Put on a 5/7 (Jan 22) combo spread on GE for a small credit, 20 spreads controlling 2K shares. Just taking it as a speculative position on a corporate turnaround/recovery .... if GE goes below $5 it may run the risk of getting delisted and/or re…
thanks, VF. I'm newly 98% retired, with time on my hands and a need to keep my brain working. this could be an interesting thing to study and paper trade, even if i do nothing more.
Paper trading is a good way to learn basics about the markets/tra…
So I had learned 15 years back. Converted $50K to $75K in 2 months and then turned $75K to $40K in about 8 days. Closed my account and ran. It was a mistake.
Happened to me when trading futures during my doctoral years. Made insane profits & h…
A very intriguing fund and seemingly well-allocated fund that I would consider adding to my portfolio -- though I have a hard time paying 1.07 a year for it when the performance (and some holdings) seems quite comparable to PRWCX, which I'm still q…
Yes that's the thing. VF is just selling the put, though -- as I understand things, he's not buying the other put to limit losses to the downside.
rforno: here's a link to darlene on the chicken thing. is this what you're doing, vf?
https://www.…
PS - Just to close out the situation with Vanguard. Getting options approval is so painful, I'm just not doing it. I have approval at Fido and Schwab, so I'm moving money out of Vanguard and will do options with them at other brokerages.
Definitely…
Sold a few odds and ends I picked up in March after locking in some short-term cap gains that more than cover upwards of 1-2+ years of dividends.
I originally planned those purchases to be long-term holds but I'm having second thoughts about that …
I've got several AF's spread across my accounts and am pleased with their slow-and-steady approach.
That said (and I'm not a FI person) are these the right market conditions to launch a FI product, let alone one that would be worthy of Capital's c…
Speaking of the young getting hit by this...
A Young Doctor, Fighting for His Life
https://www.nytimes.com/2020/05/02/opinion/sunday/young-doctor-coronavirus.html?smid=tw-share
Correction: this is a political thread/discussion WITHIN an investment site that focuses on investment discussions. As long as partisan political commentary is confined to threads like this and don't start polluting other threads discussing invest…
Neither candidate's policies impress me, and besides all presidents really do is guide things in DC anyway. It's not like we're electing a king who governs by decree -- and yes that includes the current Idiot Incumbent, Donald J. Trump. What's the…
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.
