If you are right, I feel so, what can we do as a saver?
There are plenty of stocks, like REITs, with high dividend yield available to us at deep discount value, buy them, hoard them, reap the benefit as a saver.
This is what I am doing, when others are scared to touch any stocks, I am trying to accumulate more and more stocks over the period of this volatility.
The simple concept is deep red days like yesterday, buy and accumulate, but not on green day (Probably sell the wrong ones) like today if we end up green.
I am just adding 5% every red day, same stocks as DCA.
If stock falls again on Tomorrow, Friday, and Monday, I accumulate more.
This is once in 10 years opportunity to grab good stocks deals!
I wonder how long the bounce will hold. We’ll be back down if positive cases and deaths increase rapidly.
But be careful about dividend cuts with REITs.
We are adopting the Chinese style lock-everything-down policy in the US, so it’s logical to see how the Chinese economy is doing now that they have made it to the other end. Not so good yet. Government has been pushing for more consumption but people are leery. Many shops are still closed not for government orders but simply because some went out of business and for the other not enough customers or workers.
There is also the constant fear of virus making a comeback if they relax too soon too fast. For many local city and provincial governments it’s one foot on the gas pedal another on the brake.
One thing the US government does but the Chinese government didn’t is putting cash directly in the hands of people. That’d help a lot. Still the recovery may be slower than most assumed.
Be careful, market is volatile, I know what I do, SPLIT SECOND I CHANGE DECISION !
This is my watch list (This is not advice to buy these shares), analyze yourself.
AAPL ABBV AGNC ALLY AMZN BA C CMA CNP DAL FITB GM GOOGL
GSK HD IVR ISRG JPM KEY KHC KMI LMT LYB MRNA MSFT NEE NLY NRZ NUE
O OXY PFE SO STLD STNE SYF SYY T TDOC TEVA TSLA VOO WFC XRX
True, I do not deny as this is my habit SPLIT SECOND I CHANGE DECISION SINCE MARKET IS HIGHLY VOLATILE !
Why next week? Yesterday I picked X shares of GM at $15 average and sold today $18, single day holding 20%. Now, I have good cash power if it dips again. This is irresistible profit, why should I hold it when there is a potential chance to go down next two days?
Practically, I made more than $25k this week alone ! Who gives me such a money ?
However, I do DCA whichever I want hold like TSLA ($350-$375) and BA($95). I have limit buy prices if they dip further below !
My lookout is only profit, and I do not mind paying tax on profits, no attachment with any company…
Boeing Co. is considering cutting its dividend and possibly laying off workers at its jetliner plants, people familiar with the matter said, as America’s largest manufacturer grapples with an unprecedented disruption to the global airline industry.
The coronavirus-driven collapse in passenger traffic has forced airlines to park hundreds of planes and left them unwilling to take new ones, even as Boeing works to overcome the yearlong grounding of its 737 MAX.
The crisis has erased nearly 70% of Boeing’s market value in 2020 and threatened its production. In response, the company has pushed for a $60 billion package to support it and the aerospace manufacturing sector. It also is preparing for a potential halt in production amid the outbreak.
You’re the ultimate tax avoiding rich guy. I’m going to tell my friend that worships Bernie about you. He can lecture you about how the government is giving you his tax dollars. Meanwhile, he has 2 kids with his baby mamma who he won’t marry, so she’s a single mom and get max out the benefit programs.
