I don’t think it matters what you do with that money. As long as the mortgage is under 1mm and it’s your primary residence.
OT: Stock and Investment Talk
- Thread starter RU-05
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All 3 of my financial advisors also think that inflation will diminish sooner rather than later.
Been adding today AMZN, GOOG, UNH, WBA, HD, AMD, FB, and APPL. Had a lot of cash and buying now at maybe not the at the lows but close to the lows and can keep long term if they don’t around in a year. Still have plenty of cash if the market fall further. T2 never likes it when someone moves to cash.
I bought a sh!t ton on Friday and Monday. Nothing today. Those 2 CD matured on Friday, so very nice timing! :)
We added that money to one of our retirement accounts, not my new shorter term stock account.
FYI - I like the UNH play. Check out DHR. I think 2022 will be a great year for pharma/biotech/HC.
UNH is one of the safest bet and it down pretty low, don’t expect any further. I did buy a biotech fund, out of favor in 2021.
I glanced at DHR, maybe, but like my old company BDX. I normally trade BDX but didn’t buy due to the change in PE and didn’t know where it would land, now near its high, same PE as DHR.
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I'm still rolling with PRHSX. It covers all of health sciences, but has a lean to biotech.
Jamie Dimon sees the best economic growth in decades, more than 4 Fed rate hikes this year
JPMorgan is the biggest U.S. bank by assets and has relationships with half of U.S. households.
Important info from Powell's reconfirmation hearing:
Blamed inflation on supply chain, lingering longer than expected due to Delta and Omicron.
Most significant and bullish quote of the day:
Powell = "to get to the very strong labor market we want, with high participation, it is going to take a long expansion"
AKA - this party is not going to end any time soon. 🚀 🚀 🚀 🚀 🚀
Blamed inflation on supply chain, lingering longer than expected due to Delta and Omicron.
Most significant and bullish quote of the day:
Powell = "to get to the very strong labor market we want, with high participation, it is going to take a long expansion"
AKA - this party is not going to end any time soon. 🚀 🚀 🚀 🚀 🚀
Around $52k'ish to my 401k (contribution + match + annual DCRP kicker) and always max/$12k to our backdoor Roth IRAs. FYI - check out your conversation tab, next to the alert icon in the upper right corner.
Jefferies downgraded PYPL to hold with limited catalysts. Price target lowered to 200. Also Raymond James lowered their price target to 229 from 264.
+1
Yeah, I have read a few lukewarm reviews of PYPL over the past few days.
Current estimates have a 35x p/e for 2022.
12% growth yoy.
Growth estimates beyond that are more significant, and PYPL has beat on 15 of the last 16 qtr's.
As per catalyst interesting to see what Venmo on AMZN brings to the table.
I'm in, and way down on PYPL. Still pricey but not crazy pricy, and unlike most of the real expensive stocks it's profitable.
CNBC's Mike Santoli was quoting someone who was noting the difference between those growth companies whose growth has high conviction vs those growth companies whose growth has less conviction, and the imporantance of making that distinction right now. I think PYPL is pretty clearly in the former.
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Pretty sure it was Monday, but Joe Terranova was talking about how he thought Powell's testimony could provide an exit for high growth/high multiple stock holders.
Ie, Powell would be more dovish then expected, high growth would get a bounce at which point he thought it was time to sell.
Now the market did bounce off the 200 dma before Powell spoke, but the market did like what Powell had to say(and that 200 dma bounce perhaps had expectations of Powell being dovish built in) and high growth did bounce.
So I think Terranova called that pretty well.
Now was he correct in saying this bounce provided a good exit point? Ie the bounce is temporary and the declines to more reasonable multiples will continue.
Ie, Powell would be more dovish then expected, high growth would get a bounce at which point he thought it was time to sell.
Now the market did bounce off the 200 dma before Powell spoke, but the market did like what Powell had to say(and that 200 dma bounce perhaps had expectations of Powell being dovish built in) and high growth did bounce.
So I think Terranova called that pretty well.
Now was he correct in saying this bounce provided a good exit point? Ie the bounce is temporary and the declines to more reasonable multiples will continue.
Not sure about that analysis. Maybe in the short term, but some pretty damn ugly fear is already baked into the market, especially growth stocks. Any trend down on those inflation and rate expectations and the market will moon.
Data shows very clearly that inflation was transitioning down prior to Delta. If Omicron passes quickly and stays relatively minor, should be good news.
But many of those growth stocks are still expensive.
He was on today and reiterated his belief, but differentiated high beta growth from low beta growth.
High beta he said take advantage of the bounce and get out.
Just one man's opinion of course.
Any thoughts on FISV?
Still trading below it's precovid levels.
However this had a 30x p/e prior to the covid dip. Currently has a 20x P/E and earnings are expected to grow 15% into 2022 and 2023 as well. Rev's growing as well but not as significantly.
Price to book of 2.29x.
Jeffries downgraded today from Buy to Hold
Still trading below it's precovid levels.
However this had a 30x p/e prior to the covid dip. Currently has a 20x P/E and earnings are expected to grow 15% into 2022 and 2023 as well. Rev's growing as well but not as significantly.
Price to book of 2.29x.
Jeffries downgraded today from Buy to Hold
Okay, definitely agree more with this. I jumped into a few short beta plays.....SOFI, MTTR, and RBLX at their recent lows. Looking for a good rebound and then I will dump (for now). My other recent purchases, I expect new ATHs before rotating out.
I tend to agree. I think we will have some more emotional days. Looking to gather more NOW and GOOGL, but not yet.
Next big event is the Fed meeting at the end of the month.
What % increase before you sell? Do you have a standard principle in mind? Reason I ask is that I own a large amount of RBLX at $64. Hit as high as $140 and clearly hovering around $90 now.
I have to hold for 31 days based on where I work but curious what others do.
Also taking into account cap gains
I bought right around these levels a couple months back. Had an inkling I should have sold when it ripped to those highs. Then had more inklings that I should have sold when it was dropping back towards $100.
I held when it went underwater earlier this week, sold when it bounced back into the green.
31x time Rev's. No earnings, and none projected in the upcoming years. Projected rev growth is solid but not off the charts. This is the epitome of the type of stock the market is spitting out right now.
No f'ing idea yet. This is a brand new fun account for shorter term investing, so I'm inexperienced. Not looking at day trading or anything like that. I'm waiting for big moves, since they are way, way off ATHs. This is just a normal taxable brokerage account.
My crypto account almost doubled, so I sold the profit and moved it into a new fun account for shorter term stock trading. :)
97-98% of our other investments are super long holds (vast amount in funds and ETFs, also 12 tech stocks that I bought last March), so I need something to play with!
T2K,
I saw the question that you just got. Trading, or short term ownership is challenging. However, I do buy most of my stocks on weakness and take some of the profits (generally not on my main holdings) when there is a major move (10-20% return). I used to sell and take the full gain, but ended up losing opportunities in some cases. As far as trading, it’s very difficult. I do it with only one stock (SWN), which I have been following for a few years. Over the last year or so it has been trading in a range (look at the 6 mo. and 1 year chart on this stock), which is great for trading. As I mentioned last Friday, it looked like it was near a bottom and I got in at 4.45. I sold half today, as over 4 trading days it’s up 15%. Some of the recent highs have been higher, so I didn’t sell it all and look to sell the rest this week if there is more strength. It’s a risky business, and I don’t recommended it….. but it has been extremely profitable on this stock. To be clear, I am not recommending the stock or being a trader. I do it for the fun and don’t bet the bank.
My buddy recently got into trading, and after hitting big on DWAC(which is running again btw) he is on the lookout for similar trades.
Not that I'm an experienced trader, but it does appear that those types of moves are going to be pretty tough to find. 2020, and early 2021? Ya, those were out there, but right now the trend is going the other way.
If you get a quick 10-15-20% jump? If it's a high multiple stock, it might be smart to take those profits sooner than later.
Going for double or nothing!!!!!
But seriously, I'm actually not betting on individual stocks, but rather movements in the tech sector. I'm betting that inflation will drop sooner than expected and tech will go boom. So I bought a mix of stocks based on how big the boom may be. This account has 13 stocks as of now, looking to add 2 more. Not all of them are spec tech betas like those 3 mentioned above.
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Yeah that is what I was thinking also but just held it anyway as there is still profit in it right now. Some principles out there that you should take gains at 25% and cut your losses on 7% drops in stocks.
My largest investment ever was in TSLA and once my initial investment was seen in profit I cashed out and just holding all gravy on that trade now. I'm sure I could have even more profit has I held the original investment but sometimes best to just move on
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