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Re: Investments Trade Log

Posted: Sat Aug 31, 2019 7:22 pm
by Seppia
@jacob
The retail sector operates at razor thin margins, so either the supplier take the hit, or the additional cost is going to be passed on to consumers 100%.
Brands with high product margins (Apple, P&G, etc) May be able to do so, but the cause of the increase being so obvious and known by the masses, I’d be surprised if they did.

Re: Investments Trade Log

Posted: Thu Sep 12, 2019 7:57 am
by jacob
ECB drops rate from -0.4% to -0.5%. USD rises further.

Re: Investments Trade Log

Posted: Fri Sep 20, 2019 9:16 am
by Dream of Freedom
Added to CHL @41.32. Long term investment.

Re: Investments Trade Log

Posted: Fri Sep 20, 2019 1:34 pm
by bryan
jacob wrote:
Thu Sep 12, 2019 7:57 am
ECB drops rate from -0.4% to -0.5%. USD rises further.
They did more than just that, right? https://www.philosophyofmoney.net/dragh ... -farewell/

https://twitter.com/teasri/status/1173559166369185792

So a "carry" and direct fiscal transfer from depositors to banks? Could be seen as a tax payable to banks; banks collecting rents based on their centrality.

Re: Investments Trade Log

Posted: Mon Sep 23, 2019 5:55 am
by Mister Imperceptible
Fed to continue repo operations until at least October 10, Thomas Cook collapses.

Chaos is a ladder.

Re: Investments Trade Log

Posted: Thu Sep 26, 2019 8:35 am
by Dream of Freedom
Added to DEA @21.17. It's up quite a bit from where I first bought it, but it's still reasonably priced given its growth rate and the stability of its tenets.

Re: Investments Trade Log

Posted: Mon Sep 30, 2019 10:19 pm
by Mister Imperceptible
Entertaining article on Seeking Alpha by Manish Aurora

The Battle Of Trafalgar and The Failure Of Portfolio Theory

https://seekingalpha.com/article/429422 ... lio-theory

Edit: I remember reading his first article, excellent sense of humor.

Leverage: A Love Story

https://seekingalpha.com/article/427557 ... love-story

Re: Investments Trade Log

Posted: Wed Oct 02, 2019 3:22 am
by Dream of Freedom
Logging in to my TDAmeritrade account I was greeted with this message:
$0 commissions coming soon

Starting Thursday: $0 commissions on online stock, ETF, and options trades. Enjoy cutting-edge technology and award-winning investor education and service teams, with commission-free trading.
:o
Turns out they are in a price war with Charles Schwab which dropped their commissions to zero earlier that day. Shares of Schwab fell 9.7% and TD Ameritrade lost 25.8% on the news.

Re: Investments Trade Log

Posted: Wed Oct 09, 2019 10:04 am
by Dream of Freedom
Added to UNH @221.79.

On a side note, I've decided that zero commissions means that with no fees to make small trade size uneconomical the compounding effect is more important. It is advantageous to buy more often.

Re: Investments Trade Log

Posted: Tue Oct 15, 2019 1:23 pm
by Mister Imperceptible
S&P 500 creeps up above 3000 once again.

Established new long put position on SMH, added to long put position on XBI, all expiring Jan 2021.

Re: Investments Trade Log

Posted: Fri Oct 18, 2019 9:01 am
by Dream of Freedom
Added to JCAP @18.82. It's damned cheap for a company that has averaged 103.1% compound annual revenue growth for the last 3 years.
Mister Imperceptible wrote:
Tue Oct 15, 2019 1:23 pm
Established new long put position on SMH, added to long put position on XBI, all expiring Jan 2021.
So why those particular industries? I know you are a bear, but biotech isn't very economically sensitive. I'm curious what your reasoning is.

Re: Investments Trade Log

Posted: Fri Oct 18, 2019 11:13 am
by Mister Imperceptible
SMH is high equity beta and should be amongst the worst sufferers in a liquidity crisis.

XBI is to hedge my employment.

Edit: You can see the performance of XBI is similarly fantastic to SMH since 2009, tho the ebbs and flows are different. Biotech is speculative, going to see your doctor or to a hospital is not.

Nevertheless, you should check out the performance of both XBI and UNH in 2008 to check your thesis regarding the invulnerability of health care in general.

The Hilary tweet in 2015 helped temporarily crush XBI. In late 2019 and election year 2020 I fully expect Elizabeth Warren’s ravings to potentially impact my income. My income in 2015-2016 was not impacted, but Democrat-tweet plus liquidity crisis might make this time different.

Unlike some people, I am realistic about the future viability of my extreme salary.

Re: Investments Trade Log

Posted: Sat Oct 19, 2019 3:41 pm
by 2Birds1Stone
What do you consider an extreme salary?

Re: Investments Trade Log

Posted: Sat Oct 19, 2019 5:34 pm
by Mister Imperceptible

Re: Investments Trade Log

Posted: Mon Oct 21, 2019 8:32 am
by cmonkey
Pets!

Re: Investments Trade Log

Posted: Mon Oct 21, 2019 12:59 pm
by George the original one
Cleaning the portfolio. One of the obvious things to ditch was WPC as their dividend hasn't been increasing as fast as inflation, yet the share price went silly this year (40%?) and a yield that was 5%-6% is now 4.7%. So am gonna bank those capital gains!

Re: Investments Trade Log

Posted: Mon Oct 21, 2019 1:36 pm
by jacob
@GTOO - What are you going to do with the proceeds? I also hold WPC (and similar others). What I've been doing is to write covered calls and roll them even as the underlying goes deeper into the money. Effectively, this is getting a higher yield than a savings account while accepting some of the downside risk. Cutting the delta roughly in half this way also makes for a smoother ride. What tends to happen is that at some point, the market (other-side) will grow tired of this and assign the options to get the dividend (and the stocks). I somehow prefer this way over trailing stops when it comes to getting rid of things.

Re: Investments Trade Log

Posted: Mon Oct 21, 2019 4:22 pm
by George the original one
I haven't decided on what to do with the proceeds. Need to research the options. Might just go with a bond fund, but I haven't looked at them in a couple years.

edit: In other words, I've been pretty lazy the past couple years with my investments.

Re: Investments Trade Log

Posted: Fri Oct 25, 2019 12:38 pm
by Mister Imperceptible
On this the ninetieth anniversary of The Great Crash weekend, I chant and dance in drunken ecstasy to INVOCATE the spirit of John Larry Kelly Jr.

Levered long gold, levered long volatility.

IACTA ALEA ESTO

Re: Investments Trade Log

Posted: Mon Oct 28, 2019 10:35 am
by jacob
S&P500 finally reaching new heights surpassing the last record from 20190726.
Total market cap to US GDP now at 144%. Highest point during tech bubble was 148%.