Stock Market

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I am cautiously optimistic and bought another 200 shares of my 12.65% dividend paying real estate stock today.

...even though I fully expect a serious correction in real estate prices and a housing glut in the near to mid term.

It pays monthly, so at least if I need to sell, I have been collecting the entire time.
 
YY1 said:
I am cautiously optimistic and bought another 200 shares of my 12.65% dividend paying real estate stock today.

...even though I fully expect a serious correction in real estate prices and a housing glut in the near to mid term.

It pays monthly, so at least if I need to sell, I have been collecting the entire time.
Click to expand...
12.65% dividend??? Damn. Is that even sustainable?
 
I've held it for 7 years.

...and the value of the stock has gone up 56%!
 
With income like that "ordinary tax rate" is not really a big deal.
I've made tens of thousands from them over those 7 years.
...but it's time to start watching the real estate market like a hawk.
 
I left a little on the table with
AMZN
MSFT

But did great on LLY (strong quarterly results). And ok BSX

401K also best it’s been but no thanks to me! I moved a bunch out of the S&P last November and missed out on that initial JPOW spike the following month.

Let’s see what happens tomorrow and NVDA earnings is next week I think.

happy hunting
 
like_A_pike said:
I left a little on the table with
AMZN
MSFT

But did great on LLY (strong quarterly results). And ok BSX

401K also best it’s been but no thanks to me! I moved a bunch out of the S&P last November and missed out on that initial JPOW spike the following month.

Let’s see what happens tomorrow and NVDA earnings is next week I think.

happy hunting
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Great score on Lily, hang on to some of that, it could double, or more, if it does as advertised.- set a Loose stop .
I'm going to pick up a few next pullback .
Good job.
 
The Fed finally lowered rates, he lower 1/2 a point insteada 1/4 point,
This bodes well for everything .
Now consumer prices will continue to drop as borrowed money is cheaper, lines of credit more available and cheaper giving more flexibility to small business.
There is a real possibility of a high 5% mortgage soon, refinancing is on the increase and will escalate, homebuilders are full speed ahead.
The gobt is pounding it's chest on the retailer gouging since Covid, and expect some heavy fine announcement soon.

There doesn't seem to be much out there to mess this up except geo/political.

You should see increases in whatever investments you have, banks are paying increasing interest on accounts, even savings accounts.

The lower middle-class is struggling, credit card usage is high, late payments on the rise, - this rate decrease will really improve the decline of consumer pricing.
The competition between retailers is continuing, with Xmas coming, the sales will drive the prices lower, to more acceptable levels.

My personal feeling is the New Year should be a new start , politics aside.

I picked up 5 Costco last big dip, I expect it to split when it gets to $1k ish. I also picked up some SG on a Josh Brown recommendation, it's a robot Salad store, - with a "stop", but it's really cool, and probably a for-runner of fast food preparation and sale, warp speed. - I don't do salads, but my wife sure liked what she saw on the menu . sweetgreen | Menu

Another I picked up is NDAQ. It is newly available (IPO) stock, shares of the actual Nasdaq Exchange, think of it as the "tollbooth/pipeline" that all Nasdaq shares pass through, the actual brokerage that collects a tiny bit on billions of share a day.

I know some sources continue to say our economy is screwed, I also hang in trader chat rooms around the world while I'm here.
Folks, traders around the world think we got it made, subject to change, cuz you just have to keep an open mind .

Set your stops, sell the dogs.

Talk to who-ever you can- congressman etc.
DONT SELL U.S.STEEL ! ! Stop the sale, type an email NOW .

Anyone want to know about charting, and how they can help guide you ?
 
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YY1 said:
I am cautiously optimistic and bought another 200 shares of my 12.65% dividend paying real estate stock today.

...even though I fully expect a serious correction in real estate prices and a housing glut in the near to mid term.

It pays monthly, so at least if I need to sell, I have been collecting the entire time.
Click to expand...
I am losing what I thought was a good income stock next month since the company was/is being bought out by a private company. Care to share the company name and symbol? I thought 7% was good with the previous holding I had.
 
barbee6043 said:
i
^^^^^^ The main real issue I see was the out of control Biden spending trying to prop up the economy and stay out of a recession.
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There is absolutely no sign of recession

Think about it. The country has only been productive 2 yrs. since Covid.
Whoever is running things has brought us from complete dependence on gobt subsidies, empty shelves, creating a deficit while feeding, sheltering, giving spending money to everyone, deficit cuza Covid, whoda thunk.

Now 2 yrs into recovery we have a deficit slightly higher than the previous 4 yrs term, which raised the debt ceiling 3 times if iirc,
and this term, was the debt ceiling raised at all, even for Covid? ( I honestly don't know).

We should be good.
 
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barbee6043 said:
So why did Biden drop how many trillion in his "inflation " bill? Why did Fed drop rates yesterday? Back when GDP was neg, 2 consecutive quarters means nothing? Just wondering.
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I edited previous post to you.
I don't have all the answers, I just know what affects me and mine, and try to pass on what guidance I can, often with a different perspective. lol
 
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