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Started By
Message
So today, I put my cash into the stock crash.
Posted on 3/20/20 at 3:30 pm
Posted on 3/20/20 at 3:30 pm
I’ll continue my monthly IRA contributions as scheduled but today I put some on the side cash in the market. My attempt at buying low and selling high.
SCHD
CIM
GAIN
PSEC
NYMT
Much riskier than my retirement
I’m hoping the market stays low for a couple of months and then rallies back after trump is re-elected.
SCHD
CIM
GAIN
PSEC
NYMT
Much riskier than my retirement
I’m hoping the market stays low for a couple of months and then rallies back after trump is re-elected.
2
Posted on 3/20/20 at 3:31 pm to white perch
I dropped 10k in Exxon 3 days ago
Posted on 3/20/20 at 3:37 pm to Lee Chatelain
quote:
Exxon
You think Exxon will grow faster than Apple, Microsoft, Google or Amazon in the near or long term? That's a hell of a thesis and a gamble.
Posted on 3/20/20 at 3:42 pm to rickgrimes
(no message)
This post was edited on 3/20/20 at 3:45 pm
Posted on 3/20/20 at 3:45 pm to rickgrimes
quote:
That's a hell of a thesis and a gamble.
Yep....I know. I got 301 shares of Exxon. If I buy the others, I get 1 to 6 or so shares. I'm in it for the long haul.
Posted on 3/20/20 at 4:16 pm to Lee Chatelain
quote:
Yep....I know. I got 301 shares of Exxon. If I buy the others, I get 1 to 6 or so shares. I'm in it for the long haul.
Oy vey
Posted on 3/20/20 at 4:21 pm to Lee Chatelain
quote:oh boy
Yep....I know. I got 301 shares of Exxon. If I buy the others, I get 1 to 6 or so shares. I'm in it for the long haul.
Posted on 3/20/20 at 4:22 pm to Lee Chatelain
quote:That's not how this works.
Yep....I know. I got 301 shares of Exxon. If I buy the others, I get 1 to 6 or so shares. I'm in it for the long haul.
Posted on 3/20/20 at 4:26 pm to rickgrimes
I guess my question is what is more likely to happen in the next 1-3 years.
Xom has a market cap of $250B
AAPL/MSFT/AMZN has a market cap >$2T
Or goog >$1.5T
Whenever we get over the COVID and return to normal economic times, everything goes up including xom. When Saudi and Russia work through their stuff (which will happen bc they are hurting themselves too) Xom will go up. If the government goes democratic and we reduce drilling to save the environment, oil will go up which will help xom.
I don’t own xom anymore but that is just a couple of my thoughts. Everyone is hating on oil and praising tech but tech is already very inflated whereas oil is depressed. Sure I could be wrong hence the majority of my investments are in funds that are exposed to all of those but I am more likely to put play money into energy than tech right now. That could be a bad move sure but it’s harder to double or increase 30% with a market cap close to 10x.
Xom has a market cap of $250B
AAPL/MSFT/AMZN has a market cap >$2T
Or goog >$1.5T
Whenever we get over the COVID and return to normal economic times, everything goes up including xom. When Saudi and Russia work through their stuff (which will happen bc they are hurting themselves too) Xom will go up. If the government goes democratic and we reduce drilling to save the environment, oil will go up which will help xom.
I don’t own xom anymore but that is just a couple of my thoughts. Everyone is hating on oil and praising tech but tech is already very inflated whereas oil is depressed. Sure I could be wrong hence the majority of my investments are in funds that are exposed to all of those but I am more likely to put play money into energy than tech right now. That could be a bad move sure but it’s harder to double or increase 30% with a market cap close to 10x.
Posted on 3/20/20 at 4:33 pm to rickgrimes
XOM?
Posted on 3/20/20 at 4:35 pm to Lee Chatelain
(no message)
This post was edited on 2/4/21 at 5:28 am
Posted on 3/20/20 at 5:25 pm to castorinho
quote:
oh boy
Kinda makes you sad just reading that, doesn’t it?
Wonder why he didn’t drop trou on F or GE? Just think how many shares of those he could have scooped up.
SMH
Posted on 3/20/20 at 8:01 pm to Lee Chatelain
quote:
Yep....I know. I got 301 shares of Exxon. If I buy the others, I get 1 to 6 or so shares. I'm in it for the long haul.
This has to be sarcasm right?
ETA: You should look at LVVV
This post was edited on 3/20/20 at 8:03 pm
Posted on 3/20/20 at 9:37 pm to white perch
quote:
PSEC
good BDC. pays great dividend. I used to have it.
quote:
NYMT
This mREIT is in one of my high dividend ETF's. was pretty steady in share price last 4 years around 7 dollars a share until this crash. Now down to 2.17. Dividend is up to 41.88%.
They are desperate for investors. Posted on 3/21/20 at 12:13 am to Transplant Tigah
XOM=ExxonMobil
This post was edited on 3/21/20 at 12:14 am
Posted on 3/21/20 at 2:59 am to Lee Chatelain
I've got 10 long call options on XOM and 3 long call options of USO. USO is already up decent from where I bought it.
Posted on 3/21/20 at 5:18 am to Lee Chatelain
quote:
Yep....I know. I got 301 shares of Exxon. If I buy the others, I get 1 to 6 or so shares. I'm in it for the long haul.
Imagine how many shares you could have gotten of Ford! With $10k you could have gotten 2000 shares! Or buy Chesapeake at 20 cents a piece and you could have gotten 50,000 shares! Wow! It’s all about the number of shares right?
Posted on 3/21/20 at 5:38 am to Upperdecker
I mean, I'm still an idiot with this stuff too, so I get it. Case in point: I had 3 options expire yesterday because I fricked up when I bought them. Bye-bye $200. Live and learn.
Posted on 3/21/20 at 8:58 am to Lee Chatelain
quote:
Yep....I know. I got 301 shares of Exxon. If I buy the others, I get 1 to 6 or so shares. I'm in it for the long haul.
Posted on 3/22/20 at 9:32 am to Fat Bastard
My bad guys....my bad.....
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