That’s a way to play it! They are dependent on purchase and refinance transactions. I didn’t think of that one. Nice!
~50% of their revenue is from title insurance. The rest is from general insurance.
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FNF is the same. It’s about 50% title insurance revenue. Their non-title insurance revenue is growing by 57% yr/yr though. That’s going to help them.
Soft landing? From helicopter Ben
Just what might a “soft-ish” landing look like? Perhaps an incredibly mild recession that cools down ulta-hot inflation, the worst in 40 years, or perhaps no recession at all, he said, adding that he hopes supply chains improve and that food and oil prices stabilize or moderate in the near future.
A silver lining, and perhaps the economy’s saving grace: a strong U.S. labor market, suggesting that “with some luck, and if the supply side improves, the Fed can get inflation down without imposing the kind of costs we saw in the early '80s,” Bernanke
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Now market has moved from fear of hyperinflation to engineered severe recession.
Yeah, this is just getting started.
Thought smart monies have been selling since Nov, and retail investors have been BTFD rising leverage. Sold all holding, now pure shorting?
Those who buy stocks the day the S&P 500 enters a bear market have made an average of 22.7% in 12 months
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How much did you buy today?
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Apparently, some Singaporeans knew this strategy. One of them has about S$1M to invest. Everytime it enters bear market, buy S$50k worth. I didn’t because don’t have spare cash and don’t want to use margin.
That is what I thought Fed should do too.
Sentiments is just too negative. Stocks may have more room to fall, but if people are long term investors like they all claim to be during the good easy days, they should tune out the noise and get excited at buying the same stocks with a 20% discount.
I bought a bit last week. Not exactly with that bear market strategy in mind, and truth be told it did get lower. But I am OK with it. My timing skill sucks anyway.
Do you know how he did over the long term?
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First thing first, he invests in S&P 500, NASDAQ 100 and MSCI index only. No individual stocks. No crypto. No gold. No property. No forex. Age = 50. He started about 10 years ago, so far making money. Invested S$1M, made about $100k. Have S$1M more to invest. He doesn’t like to use DCA, instead prefer to BTFD. Frankly, I am not sure is better than DCA.
Note: My return from AAPL and property is way higher than that 
My NW is growing at 18-20% CAGR for 10 past years.
Yes, timing is hard. DCA or “invest as soon as you have extra capital” is better than waiting for the “big dip”. The 20% big dip may only come after a 2x bull run.
For AAPL, the key thing I think is that you are comfortable with it when big drawdowns happen. And big drawdowns always happen, no matter how good the company is. So the most important thing, I think, is to find a company one feels comfortable with sticking with thru thick and thin. It’s like marriage in some ways. You believe in Apple and therefore have the willpower to stick with it. Wu believes in Tesla. Each person has to find their special stocks to get married to.
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This time they will first lose another 20% before making more.
You do not need to time, but have bearish time formula that may work.
Bearish time formula:
Buy QQQ at close when it is dropped below 4% and sell it on a day close when it is jumped above 2%.
Such trading rule is easy to practice and that gets 8.44% positive since Mar 2022.
Here is the site you can test all such results/permutations combinations.
These are easy formula, no timing involved. Only rule is we do not buy when market is green, we do not sell when market is red !
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We’re entering the period where I prefer to sell puts. It’s not difficult to sell a put that’s 10% below current price, expires in 1 month, and pays a 5% premium. If it does drop another 20%, the net buy price is a 15% drop from current. It’s not worth stressing over missing 5%. If the stock doesn’t drop, then 5% is a nice premium for 1 month. People love to say they’d buy X if it dropped to Y. When it does, they are usually too scared to actually buy it. There’s no need to be a hero and try picking the exact bottom. Just do it with 25% of available funds each month. The end result is either scaling in at a discount to current prices or collecting the option premiums.
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Why are retail investors keep BTFD while smart monies are selling and even shorting?
Hope that is true and is not using leverage.
TSLA is a good indicator of retail sentiments.
Buy n hold: This bear market could last years, so is only suitable for DCA or scaling over a few years. Many companies won’t see previous ATH ever (from dotcom era, one well known good fundamentals stock is CSCO, another is INTC), many won’t be heard.
Why are all stocks up today ? 