I’m glad you didn’t lose your shirt. It pays to be a chicken little. If you followed through on half the trades you mentioned through out the year, you would be down 50+%. Slow and steady won’t make you a billionaire. But you’ll retire comfortably.
OT: Stock and Investment Talk
- Thread starter RU-05
- Start date
I will admit, I have been very slow and steady with the leveraged ETFs. I got whacked a bit with my initial round of buying, but bailed and reassessed. I consolidated my plays into TQQQ at the time and made most of those losses back with a good SOXL trade (11.7 to 21'ish). I think this was Aug? Regardless, round 2 of leverage ETFs have been about patience and sticking to the plan. I have about 60% of my fun account deployed and 40% in cash, waiting for those dips (if/when they happen).
So as of now: TQQQ, LABU, SOXL, YINN are my 3x plays. I also converted some VB to UWM (2x play) and that one is flat over the past month or two.
I think all are good buys but AAPL, TSLA and MSFT might be a tab early. AMZN and GOOG might be closer to bottom. AAPL read possible $100 bottom probably with capitulation, read TSLA $80 agree with Rutgers95 and MSFT I don’t know but same as AAPL significant drop still coming. All down in the first Q 2023 or earning season. I did add some AAPL recently because I didn’t have much.
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Follow-up. Down across all investment accounts 20.27 (this doesn't include our cash). BOO!
Down 11.41% but that is because I went to cash early in the year on some investments based on my age not any thought about the market being down
I have another account I have been DCA over the year so I have to take some time to see how that account performed. It is about flat for the year I believe
I have another account I have been DCA over the year so I have to take some time to see how that account performed. It is about flat for the year I believe
No QQQ for me. I just logged on to my annuity from my union account and it wasn't as bad as I thought over 35% it was just below 30% though sadly. We only have a select number of funds we can pick from. Some of mine include.
SGRKS: Allspring Growth Fund -40.9% YTD
VEXRX: Vanguard Explorer Fund Admiral Shares -27.27% YTD
FCNTX: Fidelity Contrafund -35.7% YTD
The only thing that prevented it from being worse is I have about 20% in our IBEW stable fund fixed at 2%
It was a ruff year no doubt, I still got about 15 years left before retirement so hopefully gain it all back.
While I agree I have positions in all of them since 2016 so just been adding to them
I'm at the 15-year mark as well. No problem with our time horizon. FYI, I'm wondering if something is off with your account. FCNTX is only down for the year 28.26%. I bet that 35.7% doesn't account for the cap gains it thru off at the end of the year.
Hmmm, I got the 35.7% number just by typing in the symbol in Google then selecting YTD. When I went to my annuity page it only listed it through Nov for some reason.
Got it! Mystery solved. Using Google, look at the big price drop from Dec 8-9. This is when cap gains were distributed to shareholders. Google only tracks price and not distributions (dividends and long or short cap gains). These distributions are normally automatically reinvested as extra shares of the fund (so your overall value in the fund is stable). The best way to track performance of funds is Morningstar who accounts for everything:
Click on performance or chart:
FCNTX – Fidelity® Contrafund® Fund Stock Price | Morningstar
FCNTX - Fidelity® Contrafund® - Review the FCNTX stock price, growth, performance, sustainability and more to help you make the best investments.
Speaking of retirement, I always thought about using the 3 bucket approach (money for the next 5 years, money for 6-10 years from now, and money for 10+ years). However, I recently read about something more simple. The 4-year approach:
A. Put what you need for 4 years of living in cash/fixed
B. The rest is invested as you see fit (at least 60/40 to keep ahead of inflation)
When the market is going up, use B. When the market is going down, use A. After using A, the next time the market goes up, also replenish A with proceeds from B.
Interesting.....
Let me know what you come with. Looking for the same. For now, FLRN, DIVI and PULS have been safe plays but with less yield
3 bucket system is great for retirement. In my 3 bucket account, I’m flat for the year, and that’s with a 5% distribution rate. In my 2 other IRA’s , down about 20%. In my play money and crypto, down almost 50%
Bought NJ muni 5% in the fall and some good name pfd. Rates came in unexpectedly. We’ll see.
Most of us did pretty much the same this year. Which makes it ironic that we argue so much! We obviously do similar things. LOL!
Which means, don't try to the time the market!That stat works both ways:
In other news, Fidelity just launched their custom ETF service. Sounds pretty cool:
Fidelity Solo FidFolios℠ | Customized investing | Fidelity Investments
Create your own custom index, pick a theme that matters to you, and one-click to trade your basket of stocks.
www.fidelity.com
I think the mkts seesaw as too many things up in the air
housing continues to slide
debt levels historic high
get ready for auto loan defaults
think unemployment continues to tick up
just to name a few
housing continues to slide
debt levels historic high
get ready for auto loan defaults
think unemployment continues to tick up
just to name a few
40% YoY growth for TSLA.
www.cnbc.com
Tesla reports 1.31 million deliveries in 2022, growth of 40% over last year
Tesla reports 1.31 million deliveries in 2022, growth of 40% over last year
How do people even trust gov stats anymore?
People aren't even surprised when they lie these days
wpde.com
People aren't even surprised when they lie these days
Fed overestimates second quarter job growth by over 1 million jobs
The BLS estimated a net job growth of 1,047,000 jobs in the second quarter, but according to the Philly Federal Reserve that estimate is far too high.
wpde.com
"Pivot." Let's impose a moratorium on that particular word for, say, nine months.
Wow, that’s a terrible number. Tesla only provides one guidance, which is 50% yoy growth. This is supposed to be the layup number.40% YoY growth for TSLA.
Tesla reports 1.31 million deliveries in 2022, growth of 40% over last year
Tesla reports 1.31 million deliveries in 2022, growth of 40% over last year
Energy the worst sector today (so far). 2023 is going to be a great year. Just relax and keep buying.
If it goes low enough I think Elon will take it private.
Then 5 years from now we will go public again.
