[quote=moneymaker]Bought some Ford today, hasn’t been this low since 2009. What stocks are you buying today?[/quote]
You seem to have a strong urge to trade stock.
Not buying stocks today. There are a few things on my radar gun, junk bond is on my list. Junk bonds are not tax friendly, but the tax cut reduced my tax bracket, so owning high yield taxable bond is no longer a problem for me. I may have to wait half to one year to get good opportunity to enter.
You seem to like Ford’s high dividend yield. But the company is quite high in debt and its bond rating was cut this year to one notch above junk. If the company runs into some trouble, its bond rating will be further reduced, thus make them harder to raise capital due to higher interest rate. What they will do next, cut dividend, then share holders get mad, a big bout of selling follows. This is exactly what has happened to GE.
