Investments Trade Log

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cmonkey
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Re: Investments Trade Log

Post by cmonkey » Mon Oct 21, 2019 8:32 am

Pets!

George the original one
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Re: Investments Trade Log

Post by George the original one » Mon Oct 21, 2019 12:59 pm

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!

jacob
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Re: Investments Trade Log

Post by jacob » Mon Oct 21, 2019 1:36 pm

@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.

George the original one
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Re: Investments Trade Log

Post by George the original one » Mon Oct 21, 2019 4:22 pm

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.

Mister Imperceptible
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Re: Investments Trade Log

Post by Mister Imperceptible » Fri Oct 25, 2019 12:38 pm

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

jacob
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Re: Investments Trade Log

Post by jacob » Mon Oct 28, 2019 10:35 am

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%.

Mister Imperceptible
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Re: Investments Trade Log

Post by Mister Imperceptible » Mon Oct 28, 2019 12:24 pm

My brokerage account is down 7% in one day.

I think this is the scene where Michael Burry starts screaming as he plays the drums.

An interesting test of my resolve :D

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jennypenny
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Re: Investments Trade Log

Post by jennypenny » Mon Oct 28, 2019 12:45 pm

Mister Imperceptible wrote:
Mon Oct 28, 2019 12:24 pm
My brokerage account is down 7% in one day.
Why? The only bad news I've seen today is that Google is buying Fitbit (so I have to say bye bye to my fitbit).

Mister Imperceptible
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Re: Investments Trade Log

Post by Mister Imperceptible » Mon Oct 28, 2019 1:19 pm

Mister Imperceptible wrote:
Fri Oct 25, 2019 12:38 pm
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
Good news is bad news for me.

Although in this bizarre world where bad news is good news because it means central bank easing, bad news is generally good news. Which means for me, bad news is good news is bad news. Until the bad news is really bad, in which case bad news is mistaken for good news and everyone missteps before realizing what terrible news it is, and that would be great news for me.

Infinity Candle

jacob
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Re: Investments Trade Log

Post by jacob » Mon Oct 28, 2019 1:41 pm

Mister Imperceptible wrote:
Mon Oct 28, 2019 1:19 pm
On this the ninetieth anniversary of The Great Crash weekend...
For some reason, this particular day of the year (10/28) has on average also historically been the best performing day in the US stock market.

George the original one
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Re: Investments Trade Log

Post by George the original one » Mon Nov 04, 2019 6:13 pm

SYK (Stryker) sure got pounded today for sealing a deal to acquire Wright Medical. Seems investors don't like the debt and Moody's is reviewing SYK credit for a downgrade.

2Birds1Stone
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Re: Investments Trade Log

Post by 2Birds1Stone » Tue Nov 05, 2019 6:50 am

I've been focusing on my 5 year CD ladder over the past few months. Found a CU with 3-3.25% rates on 2-5 year CD's with no maximums. If we really are going to get negative interest rates, might not be a bad move for some cash that's not immediately needed.

jacob
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Re: Investments Trade Log

Post by jacob » Tue Nov 05, 2019 8:59 am

Another one of my investments just received a buy out offer from a pension fund. ARGH! Wonder if there's an actual trend in terms of taking all the good investments private and leaving the public with the fluff equity.

Mister Imperceptible
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Re: Investments Trade Log

Post by Mister Imperceptible » Tue Nov 05, 2019 12:26 pm

And after a different group of pensions go insolvent you’ll see your property taxes jacked up to cover the difference.

Seppia
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Re: Investments Trade Log

Post by Seppia » Tue Nov 05, 2019 5:42 pm

Mister Imperceptible wrote:
Tue Nov 05, 2019 12:26 pm
And after a different group of pensions go insolvent you’ll see your property taxes jacked up to cover the difference.
Sorry for the tangent but pensions blowups seem to me like one of the biggest risks associated with being long term in the USA.
Some state funds are fighting an unwinnable war with math, and there will be a moment when kicking the can down the road won’t be an option any more.
The costs are of course going to be socialized, so either taxes are going to go up, promises will not be kept or (most likely) a combination of both.

If I were young with lots of assets and EREd, I’d think hard about moving somewhere else long term.
There’s plenty of countries (even in the very first world, think Scandinavia) that do not have this issue.

Mister Imperceptible
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Re: Investments Trade Log

Post by Mister Imperceptible » Thu Nov 07, 2019 8:02 pm

Mister Imperceptible wrote:
Fri Oct 25, 2019 12:38 pm
Risk capital account down 8.75% today.

Down 13.7% , or 0.36 years of living expenses, since quadrupling leverage on 20191025.

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