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re: Could someone with just $1000 take advantage of this downturn through stock trading?

Posted on 3/10/20 at 6:18 pm to
Posted by LSUtoOmaha
Nashville
Member since Apr 2004
26704 posts
Posted on 3/10/20 at 6:18 pm to
This is why buying a stock based on dividend alone is stupid
Posted by bayoubengals88
LA
Member since Sep 2007
23479 posts
Posted on 3/10/20 at 6:31 pm to
quote:

This is why buying a stock based on dividend alone is stupid
Unless it’s CIM, but then again, Chimera has been on the move and has even held up pretty well recently.

Stringed instrumentals man: just buy as much CIM as you can, as often as you can. But do so in a Roth IRA.

A $1,500 investment will give you $150 in year one alone from dividends. It’s fun to watch this one grow.
Posted by CheEngineer
Louisiana
Member since Aug 2019
4234 posts
Posted on 3/10/20 at 8:04 pm to
Buddy you might want to see what Shell does for a living if you think it is just oil and gas

quote:

They had almost no free cash flow when oil was closer to 70/barrel. The only way they don't cut the dividend is by selling valuable assets.

Destroying value to pay a dividend is bad business in the long run
Posted by TchoupitoulasTiger
NOLA
Member since May 2011
1297 posts
Posted on 3/10/20 at 10:39 pm to
Buy a few shares of TQQQ when market is down. Buy a few shares of SQQQ when market is up.
Posted by cave canem
pullarius dominus
Member since Oct 2012
12186 posts
Posted on 3/11/20 at 12:08 am to
quote:

Buddy you might want to see what Shell does for a living if you think it is just oil and gas



This is going to be a problem, there are some pretty onerous requirements being bandied about by the EU and lets not forget they are Royal Dutch Shell.

They likely will be forced to burn piles of cash at the alter of renewables very soon.
Posted by deaconjones35
Thibodaux
Member since Sep 2009
9873 posts
Posted on 3/11/20 at 8:20 am to
quote:

I’m going to miss all the money making fun with this three day waiting period, aren’t I?


Looking at the futures this morning, it may be a blessing for you.
Posted by ColoradoAg03
Denver, CO
Member since Oct 2012
6534 posts
Posted on 3/11/20 at 8:39 am to
quote:

StringedInstruments


Pretty similar situation as you, playing with a little over $2k cash I put into my TDA account. Except I'm already locked and loaded ready to pull the trigger. Hopefully for you, and the rest of us ready to get in on the lowball action, Friday will be an exceptional day to do so.

I'll be making some investments today, but saving some money to see how each of the next few days go and take it day by day. I stayed away from yesterday's trap.

The real thing for me is when my previous company was bought out and it took effect in January, I took my entire nest egg (well into 6 figures) out of that employer's 401K program after my last paycheck's contribution and company match hit and got the distribution check last month. I handed that check to my Raymond James financial adviser here in Denver and we created a Traditional IRA account for me a couple of weeks ago. The check is deposited into the new account, but he hasn't pulled the trigger on investments yet, and we met last week and decided we're going stock aggressive for sure. Timing couldn't have worked out any better for me to do this with my nest egg investing near or at bottom of this collapse.
This post was edited on 3/11/20 at 8:58 am
Posted by MikeD
Baton Rouge
Member since Jan 2004
8089 posts
Posted on 3/11/20 at 9:49 am to
quote:

The real thing for me is when my previous company was bought out and it took effect in January, I took my entire nest egg (well into 6 figures) out of that employer's 401K program after my last paycheck's contribution and company match hit and got the distribution check last month. I handed that check to my Raymond James financial adviser here in Denver and we created a Traditional IRA account for me a couple of weeks ago. The check is deposited into the new account, but he hasn't pulled the trigger on investments yet, and we met last week and decided we're going stock aggressive for sure. Timing couldn't have worked out any better for me to do this with my nest egg investing near or at bottom of this collapse.


You are going to make out like a bandit. What a stroke of luck!
Posted by Bestbank Tiger
Premium Member
Member since Jan 2005
78699 posts
Posted on 3/11/20 at 6:21 pm to
quote:

Yes, go buy Caribbean Cruise (RCL)

Jan 2020 $135

Today $48.35


I expect cruise demand to recover. But how do we know which companies survive?
Posted by The Nino
Member since Jan 2010
21799 posts
Posted on 3/12/20 at 1:05 am to
quote:

I expect cruise demand to recover. But how do we know which companies survive?
Disney & Royal due to brand and quality, Carnival due to quantity and affordability.

But I wouldn't buy into cruise lines yet. Their industry is in full blown panic mode right now with their busy season approaching.
This post was edited on 3/12/20 at 1:19 am
Posted by eScott
Member since Oct 2008
11376 posts
Posted on 3/12/20 at 5:40 am to
Long puts in oil and you'll turn 1k into 10k in no time.
Posted by Mo Jeaux
Member since Aug 2008
62100 posts
Posted on 3/12/20 at 6:38 am to
You’re looking for more downturn in oil stocks?
Posted by eScott
Member since Oct 2008
11376 posts
Posted on 3/12/20 at 7:26 am to
Yes, but it's day to day. I've been short the last two days in my trading account to offset my investments. I think oil will continue to drop over the next few weeks. That's my opinion right now, ask me again tomorrow.
Posted by jmarto1
Houma, LA/ Las Vegas, NV
Member since Mar 2008
37742 posts
Posted on 3/12/20 at 8:58 am to
Wait till theh shite down the cruises before buying. It is coming
Posted by deaconjones35
Thibodaux
Member since Sep 2009
9873 posts
Posted on 3/12/20 at 9:11 am to
quote:

But I can’t trade until the 13th


You still getting in tomorrow?
Posted by Jake88
Member since Apr 2005
77527 posts
Posted on 3/12/20 at 9:12 am to
RCL is already down 75%. It's going significantly lower?
Posted by mouton
Savannah,Ga
Member since Aug 2006
28276 posts
Posted on 3/12/20 at 9:17 am to
I bought $938 worth of Inovio yesterday morning. Sold it this morning for a $624 profit. Not bad for 24 hours.
Posted by dltigers3
Collierville, TN
Member since Jun 2010
2195 posts
Posted on 3/12/20 at 9:36 am to
I just opened my etrade account. I've got 5k to try to make some quick money off. Not looking for long term. Any advice for a trading newbie?
Posted by deaconjones35
Thibodaux
Member since Sep 2009
9873 posts
Posted on 3/12/20 at 9:47 am to
quote:

Any advice for a trading newbie


Don't take advice from anyone on a message board.

Actually, this place has some good information to start with, but do a little research on your own. But I will tell you that as a self proclaimed newbie, trying to make some quick money is probably not a good idea, but good luck!
Posted by dltigers3
Collierville, TN
Member since Jun 2010
2195 posts
Posted on 3/12/20 at 9:55 am to
Haha, thanks for the advice. The terminology is what gets me. I've been looking around on etrade to get an idea of what stocks seem to be bottoming out and poised for a rebound in the next few weeks. I have my retirement funding seperate so this is just for trying to make some extra cash and not really part of my long term strategy
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