Stock Market is the bottom in?

[bigboreblr]

What? No fancy Harley's?
Worked with a fella who robbed his 401K to pay for a brand new fancy Harley. My BIL didn't plan for retirement, claims he didn't think he'd live this long.

If I owned motorcycle, I'd definitely wouldn't need retirement. 10 grand bike does 10's in quarter mile. The only reason I am alive today is a roll cage. Sold a very nice 65 gto to pay for my engineering degree.

MY degree is in mechanical engineering with a specialty in thermal and fluids. Actually turned down a job working for Entergy Indian Point. Thought I would drown in paperwork. Would of been the systems engineer on the backup generators and emergency boron injection system.

Base load power is important. Nukes are great, but that 13% cycle efficiency kills me. The 1st Indian point reactor had a oil fired superheater. Units 2 and 3 closed 2022 or so. Now they're thinking of starting them back up. Hope they put a good nitrogen blanket on the stuff. Evaporators aren't that old.

Gas turbine with a nuclear boiler making superheated steam from the exhaust heat, that would be one effiicent cycle right there. Probably make the power of three reactor with the exhaust heat alone.

Modular's are a nice idea. But, with all the precaution, siting, and legal loopholes I think the big guys are still going to be the winner, maybe not the only player. Westinghouse is owned by cameco and brookfield corporation. At first I thought alstom bought westinghouse nuclear years back, but these guys might be a good one to watch. Folks want to build, plan to build, Westinghouse recently built, is building, and has a waitlist and physical inventory of parts waiting to go in. They're on the welding table, on the ath lathe, and then on the site being put in today.

I actually just put some money down on the sprott mining ETF. METL. Was going to do the circtical metals one, but this one looked like it had more room to grow. Has lithium, several nuclear stocks, precious metals. Didn't see copper under the top 10, but its probably in there. I wanted to put money down on all that stuff, so just doing it in one spot.

Still think xiamo might be an ace up my sleeve with ford if they build electric cars. Trump might of put a temporary block on their hopes, no electric car tax credit. Actually like driving the ford lightning at work. Feels alot like my old 78 trans am with a 455.

That ajinomoto thing...... I thought the day before it was AJINY. Now it;s called AJNMY. Merger? Rebrand? Cant find a peep about it. It's trading again today. Lost a bit, but still a profit if I sold it. Might be a firecracker.

Also, think south Korea has some good things besides from having lousy neighbors. Doosan, Hyundai, Samsumg. EWY took a 10% dive since I bought some, so bought some more.

 

[Tangler]

I'm sorry for being too 'prying' but I love these kind of stories, what decade of life are you in now? Did you start by investing direct through Vanguard or did you use another vehicle, have you changed investment account type over time or 'if it aint broke don't fix it' and just stayed with whomever you started with to place the funds? I'm just curious on the story. Great job on knowing 'back when' what to do, I wish I would have known something.

Not as exciting as nuclear reactors but here are your answers:
I am 52. not that old. not that young
Mostly invested directly with vanguard.
Have not changed much but over the years I have become more convinced you just need a simple portfolio with very few low cost index funds or ETFs (VTI & VXUS).
I am nothing special. Only reason I put a post was to help others realize it doesn’t need to be complicated. You just need time. Put money in and let it grow.

 

[Telemark]

Not as exciting as nuclear reactors but here are your answers:
I am 52. not that old. not that young
Mostly invested directly with vanguard.
Have not changed much but over the years I have become more convinced you just need a simple portfolio with very few low cost index funds or ETFs (VTI & VXUS).
I am nothing special. Only reason I put a post was to help others realize it doesn’t need to be complicated. You just need time. Put money in and let it grow.

It's a great investment plan for most people. Dollar cost averaging from a young age is a solid way to build your nest egg in the most reliable low-risk way.

Picking stocks can require a lot of time researching, and a lot of people just don't have time for that. The last stock I went big on was Palantir, and it took me a long time to just understand what they actually did. By then I had already missed out on a lot of gains, but I still felt good about it. I haven't found anything in several months that I feel really good about, and I do this every day.

I find every type of investing exciting, but I find the least exciting types of investing to be the best, because excitement can quickly turn into anxiety, which is no fun. You've got a great system going, and I'm confident it will work out well for you.

 

[Tangler]

It's a great investment plan for most people. Dollar cost averaging from a young age is a solid way to build your nest egg in the most reliable low-risk way.

Picking stocks can require a lot of time researching, and a lot of people just don't have time for that. The last stock I went big on was Palantir, and it took me a long time to just understand what they actually did. By then I had already missed out on a lot of gains, but I still felt good about it. I haven't found anything in several months that I feel really good about, and I do this every day.

I find every type of investing exciting, but I find the least exciting types of investing to be the best, because excitement can quickly turn into anxiety, which is no fun. You've got a great system going, and I'm confident it will work out well for you.

I don't pick single stocks but I love the company Palantir. I heard a podcast where the founder was discussing it and it sounds awesome. I think they are an important part of our defense system. We need companies like them to compete with China and I hope they succeed!
Anyway, thanks for your kind words. Lots of ways to skin the investing cat. I hope you win big time!

 

[Brian662]

I'm not sure that will last. A bunch of oil storage got hit in Iran, and I think that caused some panic. So far, it doesn't look like production facilities got hit, and Kharg Island is still untouched. If Kharg gets hit, Iran's oil goes offline for probably a few years at least.

 

[Howboutthemdawgs]

Good move. Didn’t touch oil infrastructure. Warned them it would only get worse if they didnt stop. This has been pretty well orchestrated war, or whatever it is

 

[SD51555]

Well, two weeks into the war, and no clear sign of who's winning, who's losing, or what's been blown up. The straight is open, it's closed, it's open, it's closed. I'm not making any moves until there is some clarity. In the meantime, the big barometer has crept up. I should get a "$200" cake made for next week.

 

[SD51555]

Metals look to be hitting that trough in the chart again. I'll keep an eye on that going into monday trading. If platinum goes below $2000, that might attract some $$ from me. Gold and silver are also off quite a bit. No huge entry point, but I'd stuff some dollar bills there if no other ideas present themselves.

Here's a YTD view of what's on my watchlist. GIS now yielding over 6%, should probably find a way to buy some more of that. Not overly worried about PRU. If they take massive losses due to private credit going bad, they have a bailout already approved. During the rona, PRU got into the $60's and ended up being huge win for whomever had the guts to ride it out. I wasn't one of them.

 

[SD51555]

I lost my PLTR at $148 today in the options market. That's ok. If it opens at least flat on monday, I'm gonna sell a two-week $148 put. Those are going off around $4.80 as of today. 3% for two weeks and price improvement is a huge payoff for that one.