Investing megathread extravaganza

[DaFace]

A place to talk about investing stuff.

[Rain Man]

Originally Posted by Halfcan

I have been investing in Bank and Finance stocks. Bank stocks have been pushed down and I have been getting them at 60% of their yearly high. They have bounced back quit a bit the last month or so, but still great deals.

Most except DB and CS have suspended their dividends for the year. I just picked up BMO last week and it is up 5% with a div coming soon.

I have 25 international banks and finance stocks and 23 of them are in the Green.

Future picks will be the Canadian banks stocks- RY, TD and BNS

Citigroup, and Morgan Stanley will be in my top 5 as well.

I've been reading, though, that if Biden wins then Elizabeth Warren will be in some position of power, and she will go after the banks with fervor. So I've been staying away from American banks other than one regional bank that I've had for a while (ABCB).

I also sold off all my WFC and USB because I was highly displeased with the PPP loan processing allegations and WFC was a sucking chest wound in my portfolio anyway.

I've had some BMO for about about four years, and it has not been a star. I was getting the dividend but no notable appreciation until Covid, and now it's down about 20 percent. I'm keeping it just because I'll keep taking the dividend as long as it doesn't get cut. I also wonder if they might thrive across the border if Warren goes on the warpath against US banks (which frankly I would support - get rid of garbage companies like WFC and start bringing back smaller regional banks).

[Halfcan]

Originally Posted by Rain Man

I've been reading, though, that if Biden wins then Elizabeth Warren will be in some position of power, and she will go after the banks with fervor. So I've been staying away from American banks other than one regional bank that I've had for a while (ABCB).

I also sold off all my WFC and USB because I was highly displeased with the PPP loan processing allegations and WFC was a sucking chest wound in my portfolio anyway.

I've had some BMO for about about four years, and it has not been a star. I was getting the dividend but no notable appreciation until Covid, and now it's down about 20 percent. I'm keeping it just because I'll keep taking the dividend as long as it doesn't get cut. I also wonder if they might thrive across the border if Warren goes on the warpath against US banks (which frankly I would support - get rid of garbage companies like WFC and start bringing back smaller regional banks).

I am not in any US banks- they have had too many scandals as you point out. I do wish I bought into Goldman Sachs though.

I have been watching cash flows. Where is the money flowing throughout the world? I look at it as rivers and I am buying fishing poles ( stocks ) to catch some of the money going by.

Banks just took a big hit over Covid- and many had these huge writeoffs to offset "future losses" --but where did that money go? No where, it stayed in the bank earning interest. It was all accounting smoke and mirrors. Yes, they took a hit on their stocks short term, all the while keeping huge amounts of money in their accounts. So will the banks really have these losses in the future? Doubtful. Those loans are probably insured or covered by assets. Banks always win.

So by having investments in most of the cash flows (banks) in the world- I will also be making money every time the cash changes hands.

As far as BMO- I have been in and out of it for years. It is like a savings account. All the Canadian banks seem to move as one. 5 banks control most of their entire countries cash flow. Every time a lumber jack up in the great white north gets paid- that money goes into one of those banks.

Compare bank stocks- they all dropped at the same time- almost the same % --- which to me, says it was manipulated. The losses were never losses and their actual cash flow and earnings for some banks have been amazing.

[Buehler445]

Uhhh banks don’t always win.

If they took write offs it is because the equity assets they have took a beating somewhere and actually lost value.

Your local bank deals in pretty safe shit. They should be fine as long as a bunch of loans don’t default. And while big publicly traded banks typically have a retail arm, most of their money is made through “investment banking”. In which they trade other assets like day traders and they can get hung, see: mortgage backed securities. *cough*2008*cough*.

Just like if you had a million dollars of blockbuster stock in 1995, that money definitely went somewhere.

[lewdog]

I bought Wells Fargo at $28/share.

Holding.

[RunKC]

GDP shrunk 32.9%. Goddamn I hope we never see that shit again

[Hammock Parties]

When do I cash out on IDEX?

[RunKC]

Apple just killed it on their earning call and is up 6%. Up 56% overall now.

They just announced another 4/1 stock split coming at the end of next month.

Here is my recommendation: buy Apple and hold for a long ass time

[In58men]

Originally Posted by Hammock Parties

When do I cash out on IDEX?

Earnings on the 11th. Hold


Buy $BKYI

[Munson]

Originally Posted by RunKC

Apple just killed it on their earning call and is up 6%. Up 56% overall now.

They just announced another 4/1 stock split coming at the end of next month.

Here is my recommendation: buy Apple and hold for a long ass time

Nice! Looks like I'll be buying some more AAPL by the deadline (August 24th).

[Hog's Gone Fishin]

Originally Posted by Hammock Parties

When do I cash out on IDEX?

It hasn't done anything positive so I guess whenever you want to bail.

[ChiliConCarnage]

The company said that it expects revenue for July to be up around 50% through July 29, relative to a year earlier, and that overall third-quarter revenue could be up in the mid-30% range. "We are encouraged by the performance of our business in July, but a tremendous amount of uncertainty remains given the ongoing COVID-19 pandemic and other factors," Pinterest said in its release. The company saw monthly active users in the June quarter climb to 416 million from 367 million in the March quarter.

Pinterest killed it. Up 28% premarket. Anything stay at home or ecommerce/digital payments has had even better than expected earnings.

edit: jumped another 10% into the mid-30%'s. Thanks chicks who like to pin stuff!

[Hammock Parties]

Originally Posted by Hog's Gone Fishin

It hasn't done anything positive so I guess whenever you want to bail.

It's in the green for me now. Yesterday was a big pump. I think it's going again today.

[Hog's Gone Fishin]

Originally Posted by Hammock Parties

It's in the green for me now. Yesterday was a big pump. I think it's going again today.

https://stocktwits.com/symbol/IDEX

[RunKC]

Apple up 10+% today. What a great day!

[Stewie]

I'm going to start Stewie's Sunday night rundown.


If it works, OK. If not, I'll stop giving information.


Back story is that I retired in 2017, but have several years until I'm retired in the traditional sense. The stock market was great to me and I cashed in. Paid a boatload of taxes for sure and took my lumps.


Anyway, I'm going to offer information on a weekly basis about the markets. Nothing detailed, just a macro view of what's going on. No specific investment info here, but you might find the data interesting.


I pay a premium for detailed information from a reliable source about the markets and thought everyone might be interested in weekly updates.



OK, here we go:


The stock markets are very top heavy. The acronym TINA (There Is No Alternative) is the word of the month. The big names are driving the market (Apple, Alphabet, Microsoft, etc.) while the rest of the market lags. If you own the big names put a limit down so you secure profits.


The bond market is in shambles. There is no money to be made and pension funds rely on stable returns from bonds. Where do these funds put billion$ to get a return?



The top 5 hot and most reliable stocks over the past week are:


Quidel Corp - QDEL (immuno testing)
Digital Turbine - APPS (mobile communications)
K92 Mining - KNTNF (gold producer)
Medifast - MED (cosmetics)
Harmony Gold - HMY (gold producer)


That being said, we are in a neutral to down scenario. That means to only buy the best stocks that are trending up and undervalued.


The only underlying positive trend is safe haven investments. In the vernacular it has become asset inflation. Real estate and gold are leading the way.


I posted a couple of weeks ago about buying a house. You're basically getting free money as a borrower. What could be better? Refinancing is also a good option.


Now to the albatross that is gold. It is unrelenting. Goldman has a price target of $3000. It was up nearly $80 this week. There are ways to leverage that in your favor.


Other news:


Russia has decided to go ahead with a Covid-19 vaccine. They will inoculate millions of people with an unproven vaccine in October. Good luck, I say.



China's Three Gorges Dam has been under close observation since last year. Flooding, which is usual, has raised the water levels to new highs. They are expecting more monsoon rainfall over the next few weeks. They noticed problems in 2016 and have heightened concern this year. Who knows?


Good investing and make lots of money!


Until next week,


Stewie