Since August, the share price has cratered over $50. The past couple of days it's bounced up a buck & a half or so. I'd say the shareholders are getting their asses handed to them; the remaining employees are likely demoralized & floating resumes like mad; the fundamental situation remains the same for this company. Yet, the guys who led them down this primrose path are still in charge & still have their jobs. Every chart on this stock looks like a ski slope at Big Bear. Eh, I'm not seeing a success story unfolding here. One man's humble opinion.
If you do buy these dips, watch the Dow Futures next morning to get an idea which way the market is going to go. Then sit by the 'puter until such time to sell. At about 11:30AM, the market will sell off again, so sell what you bought before then, hopefully for a profit.
YES X 6. I buy dips and sell the rips with my "speculative doe". I buy the dips and hold with my "retirement doe" (although long tem time horizon I will rotate out of stocks based on all kinds of reasons...economy, commodity prices, money supply, corporate earnings etc.). I do see more correcting coming (could not tell you when and timing the over all market is very difficult). I could see another 10-15% correction through the election but corporate earnings could help (IBM just beat and that is positive...maybe). Most selling comes from nervousness....sometimes you can't fight investor sentiment (GPRO is a perfect example...or China sneezing and we get the flu). Money Supply and the "moneyprinting" is a very big issue. It created a bubble in the bond market (mainly the long end) and gave corporations a very nice holiday on "cheap" borrowing. US was able to "refi" some of it's debt through this period but the additional debt is going to prove to be overwhelming from a fiscal standpoint. I think inflation has been much higher than "inflation rate", we will see higher prices, higher interest rates. If US companies can show some resilience (not just artificial balance sheet manipulation), we could see a higher stock market in near future.....after correction and/or election. This is all opinion....for more concrete answers to your questions, please contact Yankee Financial Services, LLC and tell him JD referred you
Ah GAFFSTER great minds think alike but I have to ax you if you plan on dying with money Money's great and all dawg but I plan on spending all mines before I die You know retire early with a mound of blow and plane tickets...lots of plane tickets Oh and prostys too Man I haven't even been on this here surf predictin forum since Thursday...Barry would have lost his mind by now
THIS ^^ This right here, folks, be glistening gems & nuggets of platinum gloss. And it's why I always come to SI Forum for medicale advise, financiale wisdome, surfbort wreckommendations & consultations with hayzeus effing keerist herself. Freakin tremendous post Gaff
....a few other notes... Wouldn't buy GoPro if you gave me the money, gents. For reasons already stated. What I'd be all over if I was in my 20's, 30's, maybe even 40's is a simple way to make vast returns that no one, anywhere, can deliver. All perfectly legal courtesy of Uncle Sammy. The one lasting item from back in the Reagan era. I'd look for a single fam detached house that needs a bit of work. Buy it, establish it as your domicile, move a few roommates in. The renters pay your mortgage: interest & principle & possibly taxes too, and in 2-4 yrs you sell the place. Any & all profits upon the sale are totally, completely tax free up to $250k if you're single; $500k if you're married - - you must have established the place as your primary res for 24 months. Doesn't even have to be consecutive months! You could do it in time increments. Or 'whatever' if you know how to work it, ahem, not live there at all. If you make even 10% on your down payment, you're eons ahead of the game. Who the hell is paying 10%? No one. Money is cheap (3-4%) for an owner-occupied property. First-time buyers get even more breaks. It's even cheaper if you can get the guy who is selling the place to hold the note. Example: I bought a single fam house for $625k. I put down $50k. Owner holding the note at 4.5%. Interest only mortgage on 30 year term, balloon at 5 yrs, runs me $2k per month. Taxes, misc, run me $600 per month. My renters pay $3k per month. (You see where this is going?) I'm slightly cash positive, which is nice, but it's not my goal. My goal is appreciation & write-offs. I run every expense, ever, through that rental house as a write-off. Thus I get paid at tax time. As well, every item I pay for in re that property gets taken off the sale price when I sell. Meaning, if I spend $10k on 'renovations' (which will include replacing busted appliances, painting, et. al.) it comes right off the sale price - - reduces my tax liability. I also take the depreciation, annually. And in five years, in the region of the USA where I live, I can more than likely sell the place for $800k. Or, I'll scrape it & pop up a duplex or a larger single fam for even more. I'll have the plans in place & the permits in hand before the renters end their term. To minimize loss of rental income while I get the place built & sold. And up to $250k is tax free. On my original $50k investment...you do the math. The % return is huge.
Yank, RE is a gem for building wealth. Two questions: 1. Do you see your "write offs/expenses" phased out b/c of total income (i.e. Can't write off losses)...I assume your in higher bracket whereas theses losses get curbed? 2. How do you "write off" expenses and "maintain" property as personal residence for $250k capital gain exclusion? I have a similar set up but never could figure out how to establish residence of two different places
Yes it is a gem. The returns & the tax aspects aren't found anywhere else. The govt is focusing its moneygrab on cap gains & that sort of headline-grabbing lip service. No pol has mentioned modifying the aspects around home ownership. And it's likely that we won't see any changes in the current setup. The simplest way is to actually live in the property. That's why it's a great avenue for someone in their 20's: roomies are paying the freight, you're taking down the profit. Beg, borrow or plunder the money from family, friends, associates for the down payment 'cause this investment is about as solid as it gets. Downside is that if we hit another gully, the renters are still paying your nut off; if the property sinks in value because of an economic dip, who cares, over the longer haul you're still going to do ok or better than ok. So, if we were having a beverage & talking then there would be plenty to bat around, JD. Putting it in writing....eh, sorry, mang, probably not a good path to take not that I'd ever advocate anything in the financial shadow zone. A coupla questions, though. One establishes separate LLC's for one's individual properties, yes...? (Liability & other aspects.) And perhaps one might retain utility, Internet services, other billing addresses of record for the property in one's own name...? Depends on how one sets it up & then how one takes it through the period of ownership. Stay consistent IMHO.
Yes and no yank. Truly an interesting topic and agree on the topic's beverage criteria. The LLC.... Pass through part is where a shadow may occur Consistency is good advice
I own NVO. And buying more of it. Why? Sorta morbid, but hey I don't make the rules I just gotta recognize the playing field & then compete. Diabetes. That's why. NVO has something like 48% of the world market in diabetes treatments. Company is run by tight-fisted Danes who squeeze that Kroner. Great financials. Pays a small div. But have a look at their exponentially growing market (thank you, KO, Kellogg & the rest). http://www.marketwatch.com/story/ch...ses-23-billion-put-for-drug-makers-2016-01-15 More than 150 million expected to have diabetes by 2040 More than 100 million people have diabetes in China, more than any other country in the world, according to the International Diabetes Federation. (In the U.S., the number is closer to 30 million.) Almost 500 million more suffer from so-called “prediabetes” — a stage where blood sugar levels are high, but not high enough to trigger a diagnosis — indicating what the IDF calls “the enormity of diabetes as a public health problem in China.”
NVO is a good pick. I have gone with MRK (invested with them since 1981) for dividends (reinvested) and for growth. Long term obviously. PFE would be a good pick as well, but Wall Street does not trust Pfizer, for some reason....
FWIW whale Jizz is a great topical treatment for wetsuit rash or poison ivy. The Nordic people have been using it for eons to fight the common cold. They also mix up a concoction called Fluugerstuusen which is whale jizz mixed with ovaltine and Whiskey and they give it to their kids when they get cranky. Great all-in-one product if you can get your hands on it. I prefer weed, though.
Of all the ways to make money by investing, the key, the absolute key is, start young, keep investing monthly (even small amounts), and let the miracle of compounding interest unfold. Money loves time. https://www.investor.gov/tools/calculators/compound-interest-calculator
NVO a little expensive but could prove to be a great growth story. I have owned MRK in the past but rotated out of it and into JNJ and accumulated that position ever since. There are some opportunities to get long and accumulate some of these stocks that will benefit from the "aging" population (and Yank make's a good point on our overall unhealthy lifestyles). I have not been able to get a grip on the renewable energy sector (wind, solar), may be another 1/2 of a generation or so....Oil stocks, drilling, refiners will rebound at some point...I am nibbling around some of these stocks to hold. Oil May see <$25 but I can't imagine it staying there forever. Also, the point about dollar cost averaging into the market (investing systematically) is on point. The law of compounding is very powerful. I have done this in the utility sector for years (Duke Energy is my largest position). Agree with the "getting started". It does not take long to accumulate. If you have time and your getting 3-4% in dividends while you wait and it is compounding, then you are on your way.
