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PRESSmUP
The last week has been good preparation for playoff pressures....nicely done Tito.
I took a scalpel to my O holding, sending half to RQI, and the balance to PDT. RQI is a current holding, and I expect a greater degree of growth plus enhanced distribution when compared to O. PDT is a new holding, 50% in stocks (primarily utilities …
@MikeM2...pretty solid and clear points to consider for 2023, including another vote for retesting the October lows. I was surprised to see Bob Doll moved over to Crossmark, as he "retired" from Nuveen not too long ago.
one of the interesting points she mentioned re international funds...they make their gains rather quickly, and then always proceed to give them back. I had never read nor considered that before. I wonder is that is a phenomena of recent origin?
@larryB Utilities and real estate would rarely provide a total return boost for any fund, including SCHD. For me, it's to provide balance, along with a kicker in terms of distributions. I use UTG, UTF and RQI in these spaces, along with AEP and WPC…
SCHD can serve as a superb foundation for a long term portfolio given its performance, distributions, and rate of increase in those distributions. Of note, it does lack meaningful investment in certain sectors, such as utilities and real estate, but…
I felt that his comments were interesting and informative. One specific bone to pick. Some folks say why use a handful of words when one will do...well, as Powell said today when asked about his use of the term "disinflation"...he says that means he…
@Sven ....another rate hike is not the surprise. Such a healthy jobs number means that the Fed will continue forward, smashing the hopes of those who somehow, in some way, felt that a pivot was imminent.
What I personally don't understand....infla…
"I believe that deglobalization, costs associated with climate change, and depletion of natural resources will lead to higher inflation over the next few decades."
Indeed.
With David Crosby's passing there's a lot of items posted to Twitter and other sources. I found the link below. I had my doubts at first, as no doubt the band did as well. That Greg Reaves on bass, who also played on Deja vu and After the Gold Rush…
comical, really dangerous
Unfortunately, the "word on the street" in our nation's capital is that McCarthy is simply not...that...smart.
On the plus side, given the unprecedented legislative items passed over the past 2 years, once the debt ceili…
I re-established an EM fund early in 2022. It appears that I was a bit early. Which means it was crushed. PDEZX...which I added a bit to last week. Over the next 2 years I'll either get crushed again, or go up 90%.
If I recall, back in the day there was a $25K minimum entry for the fund. Glad I took that leap of faith, even though that was a significant portion of the portfolio at the time.
I’ve not yet heard the “Climate Deniers” comment on this revelation or attempt to explain it away, although I’m sure they will try their best.
This is why I have historically refused to invest directly in an oil or pipeline company….and the same f…
Of note, Morningstar, Inc. (MORN) is currently selling for $238.14 on NASDAQ, with a market cap of $10.108 billion, annual revenues of $1.85 billion.
They're making a ton of money, but I'm not really sure from who. Frankly, I don't trust their rati…
It would be catastrophic to cause a government default, and no party wants to be responsible for not approving a budget to prevent that.
The "Hive Mind" has a curious way of deflecting blame...I can hear Kevin McCarthy now..."Accede to my demand…
At present I am standing pat (subject to change at a moments notice). Since I cannot see clearly where the market might be headed (honestly I don't have a clue) if I make any additions at all they will be to SCHD or DIVO or by simple reinvestment of…
It appears that the pundits are united in proclaiming that 2023 is the year that bonds make a comeback. We shall see when that tide begins to turn. The only bond fund I've held throughout 2022 was PCI/PDI...underwater but still spewing notable cash …
I will be bumping up a few items, ~10% or so onto their current positions...UTF, RQI, JEPI, DIVO, SCHD. I'll be watching in 1Q to add to BTO, which is holding nicely to this point. Also making sure that any cash uninvested is working in a MM.
Real…
Clearly there will be a boundless need for internal redevelopment once Putin is out of the way, but I'm not quite sure how I feel about this. But I suppose the best way to initiate a massive rebuilding effort is to provide a way for outsiders to mak…
It appears that the problems stem from an antiquated crew scheduling system, resulting in the airline having no idea where their crews actually are.
https://www.denver7.com/news/local-news/southwests-structure-outdated-technology-lead-to-its-travel…
I added to my BTO holding, thinking the banks are better capitalized now than in prior recessionary periods. They may be stressed in the first half of the year, but I believe that you’re well compensated with a current discount and 8.11% distributio…
Perhaps owning individual stocks is indeed not prudent for most folks, but I consider it a hobby. I picked it up from my dad who was a factory worker at Timken Roller Bearing in Canton, Ohio, yet read the Wall Street Journal every day, and bought st…
I don't necessarily seek out penny stocks, but I own some of those.
Penny stocks are fine if kept to a small percentage of the portfolio...it's a flyer. All you need to make the process worthwhile over time is for one to hit.
Initiated a position in BTO (John Hancock Financial Opportunities Fund), a fund I've been watching for a bit. The financials have come down over the past few months, with BTO settling into rare discount territory. I look to build this up to a full p…
We may be looking for a rocky first half, at least that's what the pundits appear to be forecasting, as we re-test the lows of this past year. But then each also alludes to a second half rally. That scenario seems very reasonable.
I've read where Mr. Smith's focus would be on persons not specifically within the mob that attacked the Capitol. Given his charter of determining “whether any person or entity unlawfully interfered with the transfer of power following the 2020 presi…
Election deniers got swept out in Arizona, Pennsylvania and Michigan. Hopefully in the future we won't have to worry (too much) about election results becoming meaningless.
I added to RQI which was down 5.5% today...a solid fund with an 8% dividend at the current price and an 8% discount.
Might be just the thing to do, right about now. My PSTL is getting whacked, too.
The markets seem pretty squirrelly though…baby s…
Yesterday I sold BAC and JPM, and will be buying either BX or MS. I also sold RPMGX (tax loss) and will be buying FSMEX. Problem is, I'm just not sure WHEN I'll be making those purchases. I think we're in for a really bumpy ride so cash is good.
I agree that the market is very squirrelly right now, but I’m not of the mind to make sweeping wagers to get in (or out) of anything. With a few exceptions, my portfolio is leaning into the value camp, and I expect the pharmaceuticals, utilities and…
+1. PLUG has been mentioned to me in here.
With all the geopolitical turmoil surrounding lithium sourcing, hydrogen fuel cell technologies are pretty interesting here.
@PRESSmUP, CHPT is on my watch list and would appreciate what you learn from the earnings call. Thanks.
Well, the market apparently likes what they heard. They are certainly expanding their footprint and making great strides in several different ve…
I'm looking at a speculative play in this same area...not a vehicle manufacturer, but on the charging side. ChargePoint (CHPT), with an earnings call after today's close. I use the term "earnings" loosely, but will be interested in the comments.
My expectation is that inflation will remain higher than expected for longer than expected.
The Fed may need to be more aggressive than many anticipate.
I was watching Bloomberg Surveillance, who historically does a much better job than alternatives…