Chummer- what else can you tell us about DMTK? I looks like it just spiked up big time. I hate to buy high, but...
Telemark- I’m out of Tesla now also. Maybe I got out too early though. I sold when it hit it’s last record high. Seems very over valued. Do you mind sharing our position on gold? I think that maybe the direction to go right now.
I think that some of you were doing well with Vanguard 401k plans earlier. How has that weathered 2020 and how do you feel about them in 2021?
Thanks!
I had my year end meeting with my financial planner today. I work with him and we are somewhat friends so I can bust his balls pretty good. He manages all of my wife’s money and a small part of mine, I manage the rest through him. My wife was up 13% for the year and I was up 72%. I made him eat some serious crow. I know for most years 13% is great but there was real money to be made this year and his ultra conservative approach didn’t pay off. We have had a tremendous 4 years but dont see any way Biden doesn’t f it up. I just bought a large position (for me), of DMTK. Time to hit some home runs. Take a look if you want a high risk high reward stock. I think they will be huge and take a big step towards ending skin cancer deaths. Cancer has become my hot bottom so I am starting to back companies that tell it to F-off.
If you have ever had a mole cut off to be tested for cancer you will get why this is a home run. They have the patent on a sticker that goes over the mole for 5 minutes then is shipped to the lab. It is 99% effective at detection of cancer. Doctors biopsy is only 82% effective. The only thing holding them back is getting insurance companies to approve billing. They just landed CA and IL, that was the spike you see a couple weeks ago. The spike yesterday was a major health system issued a positive medical benefit summary. This should pave the way for them to rapidly get approval from the insurance companies (happens one state at a time). Presently, COVID is slowing there sales effort, but what isn’t COVID slowing.Chummer- what else can you tell us about DMTK? I looks like it just spiked up big time. I hate to buy high, but...
Telemark- I’m out of Tesla now also. Maybe I got out too early though. I sold when it hit it’s last record high. Seems very over valued. Do you mind sharing our position on gold? I think that maybe the direction to go right now.
I think that some of you were doing well with Vanguard 401k plans earlier. How has that weathered 2020 and how do you feel about them in 2021?
Thanks!
I have a lot of misses that I was close to pulling the trigger on. Boeing and Royal Caribbean probably two biggest. Lots of wins, but the sexy ones are Disney and Bud that I got in near the bottom on both. Non sexy, I have a few oil stocks that I got in near the bottom and are up 85-130%. Mastercard is my boring win, limping in at +60% as of today.Anybody care to share their biggest hits and misses this year? Polaris was my biggest win this year. Bought low $40’s and sold enough at $105 to have a nice stake in them all bought and paid for by COVID. Biggest miss was immunomedics. Not a loss per say, but nearly pulled the trigger on them several times in the teens and kept thinking they would drop back down...... then watched it jumped to $87 with the Gilead purchase. What could have been.
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I have a lot of misses that I was close to pulling the trigger on. Boeing and Royal Caribbean probably two biggest. Lots of wins, but the sexy ones are Disney and Bud that I got in near the bottom on both. Non sexy, I have a few oil stocks that I got in near the bottom and are up 85-130%. Mastercard is my boring win, limping in at +60% as of today.
I didn't hit any homeruns, but I got the bulk of my $$ on the right stuff to climb outta that hole. Home Depot, Visa, STZ, ADP, CAT, UPS, Intel (pre-last crash). Anything bought during the crash that hasn't gone up 30% from the bottom is a laggard. That's what's bizarre about this. I bought Pfizer sometime after the crash and it's up 20%. I thought I was the smartest guy in the room until I realized I was trailing the market by a third on that one.
That's the big question. There is nothing fundamental at this point. We're all playing the fed and the federal government. On one hand, the left claims that they're itching to raise taxes, crush anyone that isn't on a government food program, and remodel the economy into something that runs on farts and rainbows. That same contingent they're trying to crush is also wound tight on a 9 month cocaine bender of stimulus. They have got to keep pumping to keep consumption up and keep the debt from going bad. If they don't, their masters are going to get crushed as well.The real question is what comes next? How long does it stay this easy? How long can technology stay at this pace? Which sector replaces it when it slows. What happens to the stimulus stocks when the stimulus stops? At 45 can this run set me up to retire at 55? I couldn’t see the end until the last three years, without a multiple year crash I suddenly have lots of options. Its not as if there are a bunch of socialists that want to take us over a cliff.
The real question is what comes next? How long does it stay this easy? How long can technology stay at this pace? Which sector replaces it when it slows. What happens to the stimulus stocks when the stimulus stops? At 45 can this run set me up to retire at 55? I couldn’t see the end until the last three years, without a multiple year crash I suddenly have lots of options. Its not as if there are a bunch of socialists that want to take us over a cliff.
That's the big question. There is nothing fundamental at this point. We're all playing the fed and the federal government. On one hand, the left claims that they're itching to raise taxes, crush anyone that isn't on a government food program, and remodel the economy into something that runs on farts and rainbows. That same contingent they're trying to crush is also wound tight on a 9 month cocaine bender of stimulus. They have got to keep pumping to keep consumption up and keep the debt from going bad. If they don't, their masters are going to get crushed as well.
So if anyone knows which way Kamala will be told to go, you're gonna be a big winner. Personally, I hope the harris crowd that's slithering back into the whitehouse is only there to skim the joint and fill their own pockets. I pray the revolutionaries don't get in there.
But Bitcoin can be regulated out of existence with a single vote in congress.I think bitcoin is being inflated by foreign governments that have US sanctions against them, and bitcoin will help destabilize the dollar. At least bitcoin can't be affected by inflation, which I see coming to the dollar.
Rich sure helps. Probably won’t make it to rich but to retire with no worries is the goal.You don’t have to be rich to retire, you just have to want it. .............