If you guys had a kid and wanted to set up a DRIP for them what company would you choose?
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If you guys had a kid and wanted to set up a DRIP for them what company would you choose?
First reaction is Exxon. 3.5% They offer a DRIP. Decent spot here for initial purchase and they will be around 25 years from now doing much the same thing.Quote:
Originally Posted by Daly
I am not gambling on identifying the next big growth story here, right?
I don't think in these terms usually but it should be on your short list.
I did this for my kids 15 years ago. Raytheon was big around Massachusetts, I knew a lot of guys there and they suggested it. It was mostly luck. War was in the air and they did a DRIP. Not a tremendous dividend but the growth was a double.
Two companies made my list right off the bat....XOM and MMM.Quote:
Originally Posted by SanlmarFirst reaction is Exxon. 3.5% They offer a DRIP. Decent spot here for initial purchase and they will be around 25 years from now doing much the same thing.Quote:
Originally Posted by Daly
I am not gambling on identifying the next big growth story here, right?
I don't think in these terms usually but it should be on your short list.
I did this for my kids 15 years ago. Raytheon was big around Massachusetts, I knew a lot of guys there and they suggested it. It was mostly luck. War was in the air and they did a DRIP. Not a tremendous dividend but the growth was a double.
I can't believe I said double on RTN. It quadrupled. Was in just after 9-11.Quote:
Originally Posted by DalyTwo companies made my list right off the bat....XOM and MMM.Quote:
Originally Posted by Sanlmar
Like MMM. Right vehicle for this but hate starting here. It could break out here too again but I find XOM more appealing as a better dividend and price point.
I got no edge thinking long term really. But doing the DRIP for them is cool. You gonna tell the kids?
I never have. They are around 20 now. Truth. They might kill me.
Truth? My kids have more in investments than I do.Quote:
Originally Posted by SanlmarI can't believe I said double on RTN. It quadrupled. Was in just after 9-11.Quote:
Originally Posted by Daly
Like MMM. Right vehicle for this but hate starting here. It could break out here too again but I find XOM more appealing as a better dividend and price point.
I got no edge thinking long term really. But doing the DRIP for them is cool. You gonna tell the kids?
I never have. They are around 20 now. Truth. They might kill me.
They better kill me before I find a way to siphon funds.
Philip MorrisQuote:
Originally Posted by Daly
Nice chart PM. Never saw this break out.Quote:
Originally Posted by snake_in_the_assPhilip MorrisQuote:
Originally Posted by Daly
Finally breaking the resistance of 90 after after months of knocking on that door was a thing of beauty. Very smooth trade if you had an alert set up.
4% Look at the decade long chart and where we are now.....this really is a great idea.
My daughter (she's 8) grandmother started collecting her pension. She was going to put $1K in a savings account for her and do an auto deposit for $50-$100. I said that was wonderful but where she is so young a DRIP would probably be a better vehicle. G-ma is interested/receptive.
G-Na loves to cruise so I have a feeling it's going to end up in Carnival Corp. it's all +EV for my daughter so I'm not going to fight it.
Technically I'd prefer MO over Philip Morris but they both good.Quote:
Originally Posted by snake_in_the_assPhilip MorrisQuote:
Originally Posted by Daly
Earnings season under way. A lot are expecting shit earnings. Dollar has weakened considerably which will help earnings unlike past few quarters. Not sure what will happen. Volatility can't stay this low though. VXX is the play especially if it gets to $15. You can always juice it up with weekly options on the way up as well.
Oil hits $60 before $30. You heard it here first.
Well no shit. It was already under $30 a month & a half ago.Quote:
Originally Posted by Pooh
It will be $80+ by November.
The death of the WinTel PC.
MSFT got the shit kicked out of it after not so great earnings. Kludgy company and product.
Feel old to have witnessed the whole lifecycle.
Intel lays off a record 12,000 workers.
There was a time I could rattle off nearly the entire TTL catalogue and microprocessor lineup starting from 8008 and tell you a little story about each. Now it is irrelevant and me-too.
I just can't envision where things go from here.
Trade came through again. It's almost like a money tree growing in the back yard lately. I have a big fish lined up for next week. Sink or swim. I'd post details but the local sand n-word may read it and I really don't want to teach the little prick how to make real money.Quote:
Originally Posted by Pooh
Krypt, not trolling here but wtf happened to ENDP and do you still own it? Fuck. That's a lot of low level hookers right there. ENDP is a low level hooker cum to think about it.
Biotech bubble popped July 2015. The sector is a ticking time bomb and ENDP was the latest victim. Lot more downside for the sector coming.Quote:
Originally Posted by Pooh
This was a recent purchase from him in the $30's I believe. Well after the bubble popped.Quote:
Originally Posted by snake_in_the_assBiotech bubble popped July 2015. The sector is a ticking time bomb and ENDP was the latest victim. Lot more downside for the sector coming.Quote:
Originally Posted by Pooh
I think he paid $40 for it. The bell weather of the sector, GILD, is at a 52 week low. When bubbles pop, the stocks can drop to unimaginable levels. I would avoid the sector altogether.Quote:
Originally Posted by PoohThis was a recent purchase from him in the $30's I believe. Well after the bubble popped.Quote:
Originally Posted by snake_in_the_ass
$14 and going.... Man did I fuck up here.Quote:
Originally Posted by DalyMan am I kicking myself for not buying. Thing has been a rocket ship though $10. No way Wall Street let's this one fail.Quote:
Originally Posted by Daly
AAPL
Simp, this is trying my patience. It doesn't feel that great. Not gonna fill that gap to 103 now, that's for sure.
Overall Market feels kinda crappy. Hopefully market runs a little tomorrow and people turn to AAPL
Just got back from Costa Rica of all places. Wife saw this place and booked for long weekend. Hiked up to a volcano nearby. Costa Rica was a nice spot and warm but overall kinda boring and not worth a trip report. Sorta like Apple.
I have no idea why people take this guy seriously. Fucking honey loving weirdo. I bet if I invest in nothing next week, I'd make more money than Pooh.Quote:
Originally Posted by PoohTrade came through again. It's almost like a money tree growing in the back yard lately. I have a big fish lined up for next week. Sink or swim. I'd post details but the local sand n-word may read it and I really don't want to teach the little prick how to make real money.Quote:
Originally Posted by Pooh
n-word lover.Quote:
Originally Posted by monsterjI have no idea why people take this guy seriously. Fucking honey loving weirdo. I bet if I invest in nothing next week, I'd make more money than Pooh.Quote:
Originally Posted by Pooh
ENDP smashed again $14Quote:
Originally Posted by Pooh
Simp, I almost forgot. I bailed on AAPL. Took a shot. They don't all work out. I need the ammunition for better gambles.
Hopefully, you nicked a tiny profit.
Bought at 92.5Quote:
Originally Posted by Sanlmar
Sold half @ 93.5 sigh.
Holding half sigh.
Quote:
Originally Posted by snake_in_the_assENDP smashed again $14Quote:
Originally Posted by Pooh
We don't call Krapt PFA's Warren Buffet for nothing folks.
Bailed on 10k shares of ETE this morning at $12.09. Bought back 3k @ $11.16 and feel it was too soon. Unsure of what to do. Waters are getting rough regarding the merger and volatility is really heating up again with this fucking stock. Currently own a little over 13.4k shares.
Upped my VXX position to an even 10k shares. Just waiting for the shit to hit the fan with any combination of Brexit, rate hike, political stupidity or just regular summer doldrums. Figure something has to give here in the next month or so. Looking to sell in the $20's.
SRPT has been kind to me this month. Only 2k shares but today was nice. Bought in at $17 and sold Friday's $24 calls for $4 three weeks ago. Caught a hail mary this morning when the FDA decided they needed more time to rule on their drug. Hoping they get called away.
Biggest stock market chump I know says the market is going to all time highs. The guy has never had a winning trade. Might have to join your VXX trade.Quote:
Originally Posted by Pooh
Pussied out and sold ETE this morning. Already regretting the decision.
Fuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuu uuuuuuuuuuuuuuuuuuuuck
3 red candles. Meh. Usually, an end to a pullback ... for the moment. See if it tests that important $10ish. Not the round number being important. Just the chart support/resistance. Prolly take a few days IF that happens.Quote:
Originally Posted by Pooh
Just a "what if" plan to scibble down and set an alarm.
Don't plan on buying that bottom but wait for it to confirm a bounce.
Just a quick take.
Good luck kid. Don't force shit. Eat lots of vegetables.
Appreciate seeing a post from someone else in the game.
Ended up buying back 14k shares at $11.16 a couple days later. All things told I should have 25k shares of ETE but I made a couple 'mistakes' along the way. SRPT made one of the mistakes go away. VXX still killing me at 10k shares strong. Will pop soon imo.Quote:
Originally Posted by Pooh
Oil next stop $60? I'd be shocked personally. Sure beats $30 though.
Haven't done shit in forever really. All I Know is I took shit for buying spy at $205 and its more now.Quote:
Originally Posted by Daly
Pulled the trigger today and bought a bunch of SH. Finally had enough. Little room for these stocks to go up much more. Lots of reasons and room for them to decline.
So based on that, y'all should go long first thing.
Look for VXX to pop tomorrow. Wrong circumstances I was hoping for. I actually read an opinion that this will help the BREXIT vote for outta here since they despise these sand n-words and want them the hell out of there as well. I'd love to be out of this trade in the 20's by end of the month.
I thought you were being facetious when I saw you mention this in the gay nightclub thread.Quote:
Originally Posted by Pooh
What happened at the Pulse nightclub is sad. Mass shootings have become a fact of life in the U.S. It's not the first and it won't be the last.
San Bernadino didn't cause the market to even blink. It means nothing in the big picture.
There are some other negative issues. World markets not groovin overnight. Now CNBC will ascribe some dumb ass reason if we are down tomorrow. Maybe even the nightclub shooting or biorhythms. They are idiots and entertainers.
Maybe you are extra fired up cause you're kinda local. Get your mind right. You are a target for traders. Maybe we rinse and trap you guys tomorrow.
In case I am not plain enough. This shooting is upsetting but it doesn't mean shit.
Edit:
Just occurs to me we might wanna keep an eye on the gun stocks like Sturm Ruger for a scalp on a pop if they show something tomorrow.
I disagree, this is the kind of thing that shapes an election. If the political talk turns to more isolationism, that's bad for the world economy and bad for the American stock market.Quote:
Originally Posted by SanlmarI thought you were being facetious when I saw you mention this in the gay nightclub thread.Quote:
Originally Posted by Pooh
What happened at the Pulse nightclub is sad. Mass shootings have become a fact of life in the U.S. It's not the first and it won't be the last.
San Bernadino didn't cause the market to even blink. It means nothing in the big picture.
There are some other negative issues. World markets not groovin overnight. Now CNBC will ascribe some dumb ass reason if we are down tomorrow. Maybe even the nightclub shooting or biorhythms. They are idiots and entertainers.
Maybe you are extra fired up cause you're kinda local. Get your mind right. You are a target for traders. Maybe we rinse and trap you guys tomorrow.
In case I am not plain enough. This shooting is upsetting but it doesn't mean shit.
Also thinking about buying some AAPL on the sell off tomorrow morning with hopes that WWDC has some significant announcements and I can be out by the end of the day.
If the WWDC helps to shift the conversation from cell phone unit sales toward to services we might see a shift in AAPL. Worth watching.Quote:
Originally Posted by abrown83I disagree, this is the kind of thing that shapes an election. If the political talk turns to more isolationism, that's bad for the world economy and bad for the American stock market.Quote:
Originally Posted by Sanlmar
Also thinking about buying some AAPL on the sell off tomorrow morning with hopes that WWDC has some significant announcements and I can be out by the end of the day.
You comfortable with the idea that Wall Street hates all the candidates but is more comfortable with Hillary, right?
She's a known commodity. Trump wants to bag Yellen. Wall Street loves what Yellen has done. Trump comes with the threat of a trade war.
Unfortunately, Hillary has to address the anger amongst the precariat and we lean lefter (lol) but she really isn't gonna change her clubs right now.
The battle for the Senate will be interesting.
The isolationism thing is Trump. Wall Street really isn't worried.
I agree Wall Street is pro Hillary.Quote:
Originally Posted by SanlmarIf the WWDC helps to shift the conversation from cell phone unit sales toward to services we might see a shift in AAPL. Worth watching.Quote:
Originally Posted by abrown83
You comfortable with the idea that Wall Street hates all the candidates but is more comfortable with Hillary, right?
She's a known commodity. Trump wants to bag Yellen. Wall Street loves what Yellen has done. Trump comes with the threat of a trade war.
Unfortunately, Hillary has to address the anger amongst the precariat and we lean lefter (lol) but she really isn't gonna change her clubs right now.
The battle for the Senate will be interesting.
The isolationism thing is Trump. Wall Street really isn't worried.
I see a swell coming for Trump. I personally hate the guy but I am a big leading indicator type of person and Trump picked up 60,000 Facebook likes yesterday. That's one of those things not being reported anywhere. People may calm down but I think it's easy for the media to be totally disconnected from the general average Joe and miss a tidal wave of anger and fear.
Yeah, personally I am Trump just to tweak the establishment political machine. Willing to sacrifice a few pawns for the greater good. Hopefully, the Senate would benefit with new seats. But I am not delusional.
Nice hit on the VXX Pooh. It's like my sports betting. Wrong reason but right outcome.
Nobody giving a shit about the nightclub.
Brexit and the stupid MSFT LNKD deal. Had fun fading that for some change. Stupid TWTR too. AAPL fade in the morning.
I did the sell in May and go away thing. Little burned out. Been out of touch so I was just doing the obvious stuff.
Like to see the volatility.
Yeah I'm looking to ride this thing til the big vote.