May be i am trying to convince myself. But, facts speak for themselves. They do not need me as a spokesperson.
You need a scapegoat only if you make something an issue bigger than it is and you want someone to blame⌠I am not the one who is making a much bigger issue, so I am not the one who need a scapegoat.
You have two hats. You are wearing the liberal arts hat now. I think he has only one hat, SWE hat.
Market closed about 10% up. Very good speech by President. Also seemed like a good election pitch. Private sector seemed very active during press speech. Actions targeted to make testing easier. Google helping so are private sector retailers. Buying oil for strategic reserve and suspending student loans.
@Jil has quietly FOMOed in AH or tomorrowâs PM. Wait for his announcement. He wonât wait 2-3 months.
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Only unexpected news will tank the market. GDP results down in Q1 is well anticipated, so I would not worry about that.
Biggest worry is since there is no cure/vaccine yet and it will take a year to get a vaccine and hence at least a year to mitigate this. Does that mean GDP remains subdued for a year?
Yesterday ! I purchased OXY (Carl Icahn reason) and NLY, but not all stocks, very small amount for dividend income.
I posted you to do TA, you remember ! But, this is temporary jump for 2-3 weeks, we will get into deep bottom further more.
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Dude whatâll happen to TSLA?
We will get one more bottom in few months, market is not going up and up. I did not choose TSLA as there is no dividend.
Dividend stocks volatility is very low. OXY reduced dividend to 11 cents/share, but has blessings of Icahn and buffet. It came to 8.8 Bln level, while assets may be higher even.
NLY is too good for dividend, never seen $6 range in my life except yesterday, mortgage company, nice dividends.
We will get one more bottom in few months, market is not going up and up. => how and why? Look at 2007-2009, market went up and down with multiple tops and bottoms.
BTW: Monday can also be down or up day which I do not know, but OXY and NLY are attractive with low price for me (of course, no one likes to buy here).
Ok. I sold TSLA in July/August 2019 @220 and have not bought it since.
I like TSLA that I may buy small amount at some point of time, not bulk.
I am mainly focusing on dividend income so that I can hold long whatever I buy. If I hold NLY, I can get 15% dividend income (again taxed) as this REIT. I would prefer NLY over TSLA or any other non dividend company. This is dividend for life.
15% is stupidly good if it will not be cut sometime in the future.
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Being REIT, they need to share 90% of income to share holders. It will cut when it gets affected. IIRC, it reduced dividends during 2008 and 2000, but later resumed nicely. On any case, the lowest was 1997-1998 at $6.81 and it came to that level again. This is one of the biggest REITs, hoping they will not file bankruptcy.
If I hold 7 years, I am getting 105% of paid amount as dividend, and thereafter it is free income.
https://www.nasdaq.com/market-activity/stocks/nly/dividend-history
I want to choose such companies only so that I can hold and enjoy regular income !
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In 2008, the market fell another 31.6% after TARP was passed and didnât bottom until 6 weeks afterwards. It took just over a year to hit the level from the day TARP was passed.
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2008 crash was well anticipated. A friend of mine went all cash in May. I reduced my exposure a little by august. People had begin loosing jobs about 3 months before the actual crash. Housing market had topped by mid 2007
Iâve been avging down into REITs - I own a few and needless to say with everyone staying home REITs will tank or stay flat for several quarters. Iâll keep reinvesting the dividends in this market. @hanera has a good point - some of the less well-capitalized ones will go bankrupt. I own GNL, GOOD, NRZ, UMH (UMH surprisingly resilient and in the green for me all throughout).
Also own a bunch of SFL and this has also held up well. You can thank the Saudis as they buy up tanker space to park their crude.
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Dude just about every news article called trump out on dodging responsibility but requesting credit and being disconnected. Not sure what you were watching.
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Itâs gonna be a wild ride. Kentucky closed on their schools. UPS has a major hub in Kentucky. So UPS is going to be challenged to ship as they will be down in staff
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What responsibility do you want Trump to take? He did not make the virus as far a I can tell. How can one be responsible ?
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He could have not downplayed the issue. He could have avoided giving bad information (itâs just the flu, it will go to 0, we have it under control, etc etc). He could have used the time to plan out a good containment and mitigation strategy which his admin did 0 of. For weeks people have been calling out the lack of testing and he did not drive it to closure. The list is very long and has been documented in the other thread and in many newspapers
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