Stock Market is the bottom in?

[Bowsnbucks]

I didn't say 4% was great interest at all. With the amount of money Buffet has in hand, I'm sure he can negotiate a higher interest rate than any of us can. But if he doesn't see a smart place to invest due to high valuations across the markets, it's hard to beat cash at that level.

Over a long period of years, gold hasn't been close to stocks for growing wealth. Gold has its short-term "days in the sun" once in a while, but most CFP's don't advise putting much money in gold. Gold's long-term track record is way too sketchy. So say the CFP's.

 

[buckvelvet]

I decided to buy some AROC on their dip this morning as I set a price just before close on Friday and it sunk to where I wanted it this morning.

I can't remember if my research found that 1 or if that was in this thread, very well could be from here.

 

[jsasker007]

PLTR is getting more tempting by the day. Prices are looking good

 

[hesseu]

PLTR is getting more tempting by the day. Prices are looking good

I grabbed some....will probably sell them by friday with how this market is.... if it goes well.

 

[jsasker007]

I grabbed some....will probably sell them by friday with how this market is.... if it goes well.

Thought it would have started going back up by now. Markets/investors are pretty negative right now so who knows what will happen. Starting to hear talks about a market crash AGAIN. How many end of the world scenarios will the average person have to go through during their lives?

 

[bwoods11]

I didn't say 4% was great interest at all. With the amount of money Buffet has in hand, I'm sure he can negotiate a higher interest rate than any of us can. But if he doesn't see a smart place to invest due to high valuations across the markets, it's hard to beat cash at that level.

Over a long period of years, gold hasn't been close to stocks for growing wealth. Gold has its short-term "days in the sun" once in a while, but most CFP's don't advise putting much money in gold. Gold's long-term track record is way too sketchy. So say the CFP's.

I look at the chart and I’d be pretty happy overall at these numbers .

 

[Telemark]

It's all about teeing off the peaks and valleys. If you believe the peaks and valleys are highs and lows, it can be a great place to sell an option in case it gets even better. Here's one that went right. I mentioned I took a poke at Hershey a few weeks back. Here's how it turned out.

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Here's how I picked the time to do it. First, HSY is a dividend aristrocrat, which is most important. Two, it's got decent enough option income. Three, it was flirting with lows not seen in a long time. Once it's near where I wouldn't mind buying it, one person may just buy it, I'd rather throw out a put and acquire it that way, and if I don't get it, which in this case I did not, I'll take the money and run. I sold the $150 put, and would have been happy owning it at $150. 48 hours I was in and out of that and back on VLO puts.

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Now, here's an example of when this goes badly. The only things assured in government spending is war and theft, so when war theft went on sale, I was all in. Here's how it turned out. I thought i saw a good time to try a put-acquisition strategy on LMT on 1/28, so I sold one. After the big drop on 1/28 and I picked my spot, It just kept falling, and then I owned it $25/share in the hole right outta the chute. So, here I sit, selling calls every week or two trying to claw my way back out of it. So far, between the put income and the first call income, I've clawed back almost a third of that unrealized loss so far. Now I just need those calls to not hit, because i don't want to get topped out and lose my shares at a loss.

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I'll keep working on it. I still just don't get it. Maybe I'll try a cheap stock just to get some experience.

 

[Telemark]

Wanted to thank everyone for the outpouring of financial tips for my kid. I had him read thru the last several pages of this thread. One thing I'm probably cautious about is getting too much money in his name before possible college application time. I told him yesterday I bought a bunch of Celh for my ira. He spent some time learning about the company and answering a few questions for me, so that he'd learn about PE ratios and such. He wanted to invest in it also, but we didn't get it done on time for his account. I did match what he put in, as I will for other 3 when it's their turn. Now if you guys would do me a favor and post when you're selling your celh, thx.

I dusted off my old book, the Millionaire Next Door, and had him read the chapter called Frugal Frugal Frugal. I would've guessed that book came out 15 years ago. Was a little sad to see it came out in 96. I lost out on the powerful years of compounding interest, but they're a good age now to get started.

How old is your kid? At a certain age, you can start diverting money into a Roth IRA for him. The growth would be totally tax free, and you can pay him a salary, which would save you on taxes if you have your own company. It's all 100% above board, and it's not even unusual.

 

[Telemark]

Buffet has said himself that he views the overall market as overpriced, PE's at very high levels compared to historical levels. He can sit on that much cash and draw great interest while in "relative" safety. Buffet also said very recently that it won't be long before Abel takes over for him.

That's the main reason I keep switching strategies. I like to be in cash at the end of the day, and especially at the end of the week.

I am in East Asia now, so I get all the news first, but I can't trade until 7. I am in the process of changing brokers so I can be a bit more nimble. I might not completely give up on Fidelity, but I will probably need to do most of my trading with Lightspeed soon.

 

[bwoods11]

Note
I was comparing Buffett gold to cash (not stocks) . I understand he’s 94? Maybe didn’t want to mess with it .

My point was he could have said we are buying $3 billion in gold bars and the market jumps 10% guaranteed!

You could see banks, individuals, hedge funds , countries such as China trying to buy up gold . It was kind of a non brainer during inflationary times .

It’s gone up fast, it might correct some now ?

 

[Telemark]

I don't know about the rest of you, but Friday and today were and absolute bloodbath. PLTR is down, and the intraday was a mess. I thought I was on the front side of some good trades, but I just got spanked. So I thought I would short some gaps, and got another humiliating spanking.

Half of me wants to stick it out and try to grind out a profit this week, and the other half of me wants to grab a motorcycle and drive out to a remote beach and mentally detox. I really hate drawdowns.

 

[Telemark]

Note
I was comparing Buffett gold to cash (not stocks) . I understand he’s 94? Maybe didn’t want to mess with it .

My point was he could have said we are buying $3 billion in gold bars and the market jumps 10% guaranteed!

You could see banks, individuals, hedge funds , countries such as China trying to buy up gold . It was kind of a non brainer during inflationary times .

It’s gone up fast, it might correct some now ?

I don't think that's how it works. No one I know has more than 10% gold in their portfolio, and the gold investors I know are the minority. I sold all mine at $1800, and I thought I was really clever. Gold is a commodity, so it doesn't behave like a stock. If you ever try to trade precious metals or forex, it is a highly technical type of trading, and I personally find it excruciatingly boring and difficult to understand. I tried trading USD vs. NOK, and I found that even profound, earth-shattering news might move the currency 1 or 2 percent over the course of a few weeks, and I never got the rate I thought I would. Gold is even worse because it weighs a lot and requires storage.

There is a reason Buffett doesn't mess with forex and precious metals: he doesn't understand it, and he doesn't care to. I suggest everyone who is in the same position take his advice.

 

[bwoods11]

I don't think that's how it works. No one I know has more than 10% gold in their portfolio, and the gold investors I know are the minority. I sold all mine at $1800, and I thought I was really clever. Gold is a commodity, so it doesn't behave like a stock. If you ever try to trade precious metals or forex, it is a highly technical type of trading, and I personally find it excruciatingly boring and difficult to understand. I tried trading USD vs. NOK, and I found that even profound, earth-shattering news might move the currency 1 or 2 percent over the course of a few weeks, and I never got the rate I thought I would. Gold is even worse because it weighs a lot and requires storage.

There is a reason Buffett doesn't mess with forex and precious metals: he doesn't understand it, and he doesn't care to. I suggest everyone who is in the same position take his advice.

It would be less than 1% of his fund ! He bought a bunch of silver many years ago . Maybe he can’t find storage in Omaha

Not bashing him, just saying his last 10 years have been slightly above S&P 500? He’s not blowing the door off by any means .


*He didn’t like tech companies .. then he bought Apple & it was his best purchase ever!

 

[jsasker007]

 

[Telemark]

It would be less than 1% of his fund ! He bought a bunch of silver many years ago . Maybe he can’t find storage in Omaha

Not bashing him, just saying his last 10 years have been slightly above S&P 500? He’s not blowing the door off by any means .


*He didn’t like tech companies .. then he bought Apple & it was his best purchase ever!

Above S&P is very good returns. His most recent strategy has very little to do with the stock market. He prefers to buy businesses outright or a controlling share, and then he use his acumen to turn those businesses into cash machines.

I have dealt with his recent enterprises. I don't want to be involved with him or his enterprises. I just don't find his terms acceptable. It's not any worse than that.

That said, I would probably never to business with Warren Buffett or his agents as long as I could avoid it.

 

[PatinPA]

Thought it would have started going back up by now. Markets/investors are pretty negative right now so who knows what will happen. Starting to hear talks about a market crash AGAIN. How many end of the world scenarios will the average person have to go through during their lives?

I bought some on the first dip. Ouch, taking a beating.

 

[Telemark]

It would be less than 1% of his fund ! He bought a bunch of silver many years ago . Maybe he can’t find storage in Omaha

Not bashing him, just saying his last 10 years have been slightly above S&P 500? He’s not blowing the door off by any means .


*He didn’t like tech companies .. then he bought Apple & it was his best purchase ever!

Not to be a dick, but Apple is not a "tech company". Likewise, Tesla is not a "car company".

The "tech boom" is over. We are fully into the AI boom. And I think we are teetering on the edge of the quantum computing boom.

But what do I know? I'm just some hillbilly trying to sweep under the high lifes

 

[jsasker007]

Above S&P is very good returns. His most recent strategy has very little to do with the stock market. He prefers to buy businesses outright or a controlling share, and then he use his acumen to turn those businesses into cash machines.

I have dealt with his recent enterprises. I don't want to be involved with him or his enterprises. I just don't find his terms acceptable. It's not any worse than that.

That said, I would probably never to business with Warren Buffett or his agents as long as I could avoid it.

Buffet is a business man. And a good one. He is only concerned with whatever will make him money. Not trying to single you out just found a post to respond with my .02 cents.

 

[Telemark]

Buffet is a business man. And a good one. He is only concerned with whatever will make him money. Not trying to single you out just found a post to respond with my .02 cents.

You have not contradicted anything I have said. Your tone suggests you intended to contradict something I said, but you actually supported what I have said.

 

[Telemark]

OKLO has been getting its arse kicked.

OKLO is basically a meme stock.