2020 Stocks

Discussion in 'Off-Topic' started by mtowncyclone13, Jan 3, 2020.

  1. cyclone4L

    cyclone4L Well-Known Member

    Jun 30, 2013
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    Diversification for the sake of diversifying is a bad idea.

    I diversify by only putting my money in assets I believe to grow in value.

    You should, too.
     
  2. BCClone

    BCClone Well-Known Member

    Sep 4, 2011
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    He is near retirement and wants dividends. You are giving him advice for when he was 20 years younger. A stock that pays 4-6% and the value keeps up with inflation is what many retired folks desire.
     
  3. mramseyISU

    mramseyISU Well-Known Member

    Nov 8, 2006
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    Anybody buying today?
     
  4. Cyched

    Cyched Minister of Culture
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    May 8, 2009
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    Not from an active trading standpoint, but my monthly Roth contribution is scheduled today. Little more bang for the buck. Small victories
     
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  5. BCClone

    BCClone Well-Known Member

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    I wish.
     
  6. LindenCy

    LindenCy Kevin Dresser Fan Club
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    You could also sell a put so you get paid if the stock doesn't get low enough to buy, or help mitigate cost.
     
  7. SCNCY

    SCNCY Well-Known Member

    Sep 11, 2009
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    Very true. However, those contracts are for 100 shares, and I don't have enough to buy close to 100 shares. I'm only 32, but like the dividend strategy of investing for retirement in my IRA.
     
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  8. sadam

    sadam Well-Known Member

    Jan 8, 2014
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    If anyone’s interested WeBull is running a promotion right now for two free stocks for new accounts opened. First free stock is for simply opening account and second one you get for a minimum of $100 deposit. Free stock values are from $12-$1,400. Pretty much same as Robinhood, I like WeBulls charting better than Robinhood however. If interested use my referral and hook up a fellow cyclone.

    https://act.webull.com/i/1dcJxAZ5Bova/hbp/
     
  9. BCClone

    BCClone Well-Known Member

    Sep 4, 2011
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    I thought you were near retirement. I change my advice, go for growth, you usually lose some total yield with good dividend stocks.


    BTW, open an on-line account, it is easy and you don't have to deal with 100 shares at a time and best of all........it's basically free.
     
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  10. mkadl

    mkadl Well-Known Member

    Mar 17, 2006
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    Bought SPY and Casey today. Have buy orders for lower yet.
     
  11. BCClone

    BCClone Well-Known Member

    Sep 4, 2011
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    Are there any companies that give you discounts or free stuff for owning stock? I know Cruises do but I don't like water and boats enough use it (anybody want a boat, I have a free one with a trailer you can have).

    Thinking that would be cool to buy for the kids if they do. Like Wrigleys used to send you gum if you owned stock.
     
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  12. SCNCY

    SCNCY Well-Known Member

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    I understand what your saying about growth stocks, basically get a growth etf.

    But what do you mean you lose yield on dividend stocks?
     
  13. CycloneDaddy

    CycloneDaddy Well-Known Member

    Sep 24, 2006
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    GE and OMI for me today.
     
  14. BCClone

    BCClone Well-Known Member

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    From what I have come across (i don’t specialize in the stock market so take this advice at what you paid for it) companies that pay heavy dividends usually don’t have a large focus on growth so when you add the growth and the dividend together (like a 5% dividend and 3% growth) it doesn’t net you as much in the long run as a company that focuses on growth (they will hit like 9% growth with a 1% dividend).

    I generally figure a large dividend pulls cash out of their pockets that they can use to reinvest and grow their company.

    Think of a high dividend stock as a balanced or income fund and a growth stock as a growth fund (obviously). The growth funds typically build more long term and the balanced fund will be less risky due to getting a nice payout each quarter or however long.
     
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  15. SCNCY

    SCNCY Well-Known Member

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    Yeah, that makes sense. I'd have to look at my numbers, but I think my portfolio value has kept pace with the s&p.

    Also, the stocks I look for are those that have strong record of increasing their dividends, they're called dividend aristocrats. One criteria to be on the list is 25 straight years of paying and increasing their dividend every year. Reinvest the dividend to buy more stock, and the yield really begins to become noticable, on top of the appreciation of the stock price.
     
  16. LindenCy

    LindenCy Kevin Dresser Fan Club
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    I can understand that.
     
  17. deadeyededric

    deadeyededric Well-Known Member

    Dec 12, 2009
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    I'm waiting for Carnival to hit $6.
     
  18. SCNCY

    SCNCY Well-Known Member

    Sep 11, 2009
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    On the flip side, anyone could probably take their entire portfolio and figure out the number of puts you need to hedge the portfolio. You could probably get real close on that.
     
  19. mramseyISU

    mramseyISU Well-Known Member

    Nov 8, 2006
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    It damn near got there today. I’m waiting on Royal Caribbean to get under $20. I think with them suspending cruises until September it’s just a matter of time.
     
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  20. benjay

    benjay Well-Known Member

    Mar 23, 2006
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    How about VOO (Vanguard S&P Index), like a weekly purchase to average over the life of the downturn? Buy and hold of course. Looking to take advantage of the downturn but not wanting to put a lot of risk in specific companies.
     
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