Stock Market is the bottom in?

[Kooch]

What would you guys put in your IRA this yr? Don't need anything flashy this go round. Thinking two good funds.

Went to a farmland auction yest. Raised our hands a few times but ducked out way before the final bid of 20,100/ac. It's crazy. Or is it.

VIG or VOO


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[Mortenson]

VIG


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Looks nice and stable at 1st glance. Thx!

 

[Kooch]

It’s not fancy. But you’ll recognize most of its major holdings.

Not so great this year though.

Vanguard Dividend Appreciation ETF (VIG) Has Turned Into One Of The Worst Dividend ETFs Of 2022 - ETF Focus on TheStreet: ETF research and Trade Ideas

VIG ranks as the 5th worst performing U.S. dividend ETF year-to-date and it's likely tech stocks that are causing it.

www.thestreet.com

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[Telemark]

I own 6 shares. Owned most them for several years and they have been decent. When most people think of Amazon they think of the package that comes to your door, but AWS is where the real money comes from. Hopefully the split performs similar to Apple a few years ago. Hope you get rewarded handsomely.

I use AWS at work. The interface sucks, but the service is almost limitless. I can see that sector of the business growing on into the future, especially if they improve their interface.

 

[Foggy47]

It's definitely up there. I think that county's average PI is 6th or 7th best overall in the state. A couple of it's smaller neighbors are top dog. Mclean is also the biggest county in our state and I read today it was tops in the nation for corn and bean production in '21. I think some of your soils in MN and where you are are just as good, up in the Red River valley too. Some of the IL soils have great subsoil that lacks sand or gravel, just solid clay that holds water well, long into the hot summer.

I passed on a few auctions when the prices went over $2200 an acre.....after selling my biz. Thought prices would retreat to 10% less than they sold for at auction. suddenly ...they were 20% MORE ......then 50% and on up. I bowed away from the table as I could not see a profitable return on my investment. Duh. Big things have happened since those times in about 2005......and now there seems no way I can make a profitable entry into ag land.

No issues with this.....other than I missed a huge entry point some 15 years ago. Still my stocks have fared nearly as well.....just not as stable as good farm land......IMO.

Owning more land is a good thing.....to me.

 

[bjseiler]

I use AWS at work. The interface sucks, but the service is almost limitless. I can see that sector of the business growing on into the future, especially if they improve their interface.

Agreed. I spend a small fortune each month with AWS for my company. The thing that makes it a good business is that once you are in AWS, you are basically stuck there. Huge effort to pull applications out once they have been developed for AWS.

 

[homerj1]

I think we're back to the title of this thread. Did we hit bottom? When does the inevitable recession start?

 

[b116757]

I think we're back to the title of this thread. Did we hit bottom? When does the inevitable recession start?

Runaway inflation for the foreseeable future Brandon uninterested in changing domestic oil policy to ease gas prices. Idk they will have to raise interest rates at some point but my suspicion is Brandon will not do that so who knows where things will end up.

 

[bwoods11]

What would you guys put in your IRA this yr? Don't need anything flashy this go round. Thinking two good funds.

Went to a farmland auction yest. Raised our hands a few times but ducked out way before the final bid of 20,100/ac. It's crazy. Or is it.

Do you do individuals stocks ??

 

[Mortenson]

Do you do individuals stocks ??

Yeah anything.

 

[bwoods11]

Roth or Traditional IRA with a basket of dividend stocks could be powerful long term if you DRIP dividends until retirement.

I like Altria (7%) .. Verizon (4.8%) Aegon Insurance (4%) .. UPS (3%). Maybe add some Apple with this ?

Been buying a few shares of Carl Icahn Enterprises (IEP) 14% dividend.

 

[g squared 23]

I think with gas prices, all consumer goods will be more expensive. Flights are more expensive so there will be less travel. Interest rates will go up to curb inflation, so home sales will finally slow down. I can’t see how we avoid a recession at this point.

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[bwoods11]

Just a note (IEP) Icahn shares should not be held in a IRA, for tax reasons . It would trigger a tax… I think ?

Carl/his fund just had a 1 billion dollar profit in Occidental Petroleum.

 

[SD51555]

Food is on my radar. Go where the pain's gonna be.

 

[Wind Gypsy]

Felt a lot of doom and gloom the last couple days which historically means I should be buying.

 

[chummer]

Agreed. I spend a small fortune each month with AWS for my company. The thing that makes it a good business is that once you are in AWS, you are basically stuck there. Huge effort to pull applications out once they have been developed for AWS.

We call that sticky in the biz

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[wooduck]

Been around the block once or twice ,, seems every boom ends falls come land will go down some or stabilize on price run ups depending how deep the recession ,, i have owned many parcels of land never lost any money at sale own a fair amount now ,, did the stock - IRA thing for thirty years ,, I like land i can hunt and get some income,,, during boom times it doesnt follow stock yields but is sure more enjoyable ,, kind of tough to bag a big buck on a trade statement you get in the mail ,, i am waiting for the next down turn on land and buy then about 2 years maybe going to be some bargain's when some crash ,, considering current value of dollars land values may be very fair

 

[Wind Gypsy]

Been around the block once or twice ,, seems every boom ends falls come land will go down some or stabilize on price run ups depending how deep the recession ,, i have owned many parcels of land never lost any money at sale own a fair amount now ,, did the stock - IRA thing for thirty years ,, I like land i can hunt and get some income,,, during boom times it doesnt follow stock yields but is sure more enjoyable ,, kind of tough to bag a big buck on a trade statement you get in the mail ,, i am waiting for the next down turn on land and buy then about 2 years maybe going to be some bargain's when some crash ,, considering current value of dollars land values may be very fair

There's lots of folks with lots of money out there. I'm not confident we'll ever see a notable down turn on land with the transition to so much of the work force being capable of working remotely.

 

[chummer]

Sounds like future growth may be slowing...

I can’t believe you don’t buy individual stocks anymore since you are an expert on every stock.

 

[b116757]

Well I’m evaluating a bar/restaurant to possibly purchase. Older couple and their business partner are selling looking to retire an older established bar/restaurant a good amount of the equipment is older and probably needs replaced. My sister knows a cook that worked there in the past year. He confirmed older dated equipment. I’ve got to sign a non disclosure agreement tomorrow morning to see the books. That should help me make an educated decision. I will not be managing it my sisters seem interested in running it and one of them is experienced in this line of work. The other sister has a business management degree. If I decide to buy, it should be interesting. A similar business sold a couple years ago not terribly far from this one for $500,000 the owners are looking to get $230,000 out of this one. I have heard that one of the owners has been diagnosed with cancer so I think they are trying to get the partnership dissolved ASAP.