The first 4 days of 2016 have been the worst first 4 days of any year for the Dow ever on record. The Dow is down 5% so far in 2016. I would wait. If oil keeps dropping it will go down to 28-29 where it will have support. China will be volitile again tonight
AAPL closed at $96 today, looks like I'll be buying tomorrow. Also thinking I need to get in on WMT as it's trying to fight its way back up at $65 right now
I bought WMT at 59, and I will be buying AAPL tomorrow morning. I try to not invest in stocks that don't pay dividends, but CMG is looking prettyyyyy good
Its a no brainer. Move to cash or safer investments. Borrowing on a credit card to invest money is not wise imo.
I think we are talking about the same thing but I'm not actively contributing to the stocks right now and my choice is when the bill comes for wedding/honeymoon/house etc either to sell some stocks (while they're down) or swipe a credit card for an amount that might take 3 months or so to pay off. Still leaning towards selling the stock if I can't cover in cash.
Ive been telling myself for a while that WMT is a good buy, need to finally pull the trigger there. What are your thoughts on CMG? You think it's time to make a move or just keep watching for it to decline more? I've been really tempted on that one as well but I feel like there's room for it to drop more
A brutal new year selloff in oil markets deepened on Monday, with prices plunging more than 6 percent to new 12-year lows as further ructions in the Chinese stock market threatened to knock crude into the $20s. On Monday, China's blue-chip stocks fell by another 5 percent and overnight interest rates for the yuan outside of China soared to nearly 40 percent, their highest since the launch of the offshore market. ---
Does anybody know if P2P loans would have a notable effect on credit score? Long story short, I'm building a house and need lots of cash in a few months, considering using small amount of P2P for some other stuff (not the house) but want to make sure it wouldn't ding my credit too bad right before banks dig in for mortgage loan approvals.
Bit the bullet and checked the account today. Guess I opened the account last April. Also, turns out its true that you shouldn't invest money you plan to use for a home down payment! Spoiler
It depends what you're invested in. My taxable account, that I will use for home remodeling this spring, was only down 0.01% last year. The allocation for most of the year was about 10% Cash, 40% Muni Bonds, 20% Large Cap, 15% Small Cap, 15% International. I sold off some equities in Dec so now it is 80% Cash/Bonds and 10% Lg Cap & 10% Sm Cap stocks.
I'm in the same boat man, made most of my first non-retirement investments in the last 12-18 months and now getting married and building a house. Account down about 18%. Good thing I didn't invest to heavily too soon
Try to find some undervalued stuff and buy on a really down day. Its hard psychologically but you want to buy when the markets down.
U.S. stocks closed sharply lower Wednesday, pressured by low oil prices, as concerns about global economic slowdown weighed ahead of major earnings reports. The S&P 500 closed down 2.5 percent, ending below the psychologically key 1,900 level for the first time since Sept. 29. The index fell below that level in intraday trade for the first time since Oct. 2, 2015. Consumer discretionary was the greatest declining sector. All three U.S. averages closed more than 10 percent below their 52-week intraday highs, in correction territory. AUB
large caps with good dividends offer most protection IMO verizon and southern company are who i've moved into they seem to have weathered the last few weeks well and offer nice fat dividends
I just got in on Ford. Also Apple trading at $96 right now and Facebook down to $93 is a great deal also
Well safe is a relative term. But when the markets are really getting beat down like this I like to rebalance my portfolio by putting cash to work or selling some over performing assets relative to the market and buy underperforming assets relative to the market. For instance, IBM has really been beaten down over the last year. Warren Buffet is buying it as a long term investment for a significant part of his portfolio. Chipotle (CMG) has been severely beaten down (although its rallied 10% in the last two days). Just look for stuff that has been really beaten down and try to purchase on market down days, especially if its underperforming the market on that particular day. For example, if IBM was down 3% on the day and the S&P 500 was only down 1% I would incrementally buy some IBM.
NEW YORK (AP) -- Wal-Mart is closing 269 stores, more than half of them in the U.S. and another big chunk in its challenging Brazilian market. The stores being shuttered account for a fraction of the company's 11,000 stores worldwide and less than 1 percent of its global revenue. More than 95 percent of the stores set to be closed in the U.S. are within 10 miles of another Wal-Mart. The Bentonville, Arkansas, company said it is working to ensure that workers are placed in nearby locations. The store closures will start at the end of the month. The announcement comes three months after Wal-Mart Stores Inc. CEO Doug McMillon told investors that the world's largest retailer would review its fleet of stores with the goal of becoming more nimble in the face of increased competition from all fronts, including from online rival Amazon.com. -- now is the time to buy WMT i guess
Speaking of...what do we think the Fed's next move is if this sell-off continues? Back to ZIRP, negative rates, moar easement?
The chances of a recession in the United States are at their highest levels since the fall of 2011, according to the CNBC Fed Survey. The survey also showed recession fears rising for the sixth straight time among respondents, and are now sitting at 28.8 percent. One fairly reliable recession indicator, the spread between the 2-year and 10-year bonds has weakened just about to its lowest level since the last recession. But it tends to signal recession at zero... So at 118 basis points, it's softer, but not soft enough to signal recession.
Don't know much about the stock but I don't like its long term prospects. We first heard about square, what, about two years ago? If it was going to be a homerun stock I just feel like it would have already caught on by now. And now there is more competition with Apple pay etc and the banks are working on their own crypto-currencies which I think have a better chance of becoming mainstream before square.
This is just pure liquidation. Gold isnt going up. People are just selling and waiting. On one hand waiting for oil to bottom out and then v shape, on the other, oil doesnt find a bottom soon and big banks with those leases on their books start looking toxic
why would you want to be in alternative investments at the moment? it is such a forest of who/what/how with those (say a REIT in Houston vs. Charlotte). i think the play is to park money in a blue chip dow stock and ride this out, or just hold cash
I was just curious if anybody had one they liked. But you are right that it would be wise to put it into a blue chip stock and ride it out.
and jesus at marathon and other o&g stocks cut their dividend from 21 cents to 5 cents last quarter too
CAT is a blue chip. I would rather be invested in a REIT than CAT. I don't know the trend in cap rates or follow the sector closely but on the surface I don't see a problem with being invested in real estate that produces cash flow and pays dividends. I tend to maintain 5-10% in real estate (other than my house).
Agreed. Also, if you buy a large REIT you should be getting geographic diversification among the top metro areas.
I got in early Q4 betting that holiday sales would help boost it a little and then exit and now I've definitely missed the exit point. Trying to decide if I want to cut my losses now or not. Along the lines of the second sentence, Ford is trading just under $12 right now so their 15 cent dividend is decent
Yeah I doubled my position in F yesterday. Looks like I should have waited a day though based on Futures. F also is giving an extra .25 this month on their dividend.
I am plowing more money into AAPL tomorrow morning. I love the $0 trades on robinhood but the 2-3 day lag time from deposit to when money becomes available to invest is annoying.
Yeah I hate that as well. Then when I have funds in my account it just burns a hole it my pocket so it's hard to keep it there until the right time to buy stuff.
My 2015 401(k) match hits my account on Friday. I'll just keep reminding myself of that every time i hit refresh on google finance today.