Sell

[scaredyclassic]

[quote=sdrealtor][quote=Reality][quote=plm]
Actually I think that selling and buying back later at a lower prices is a way to have even better returns but much riskier since you have to time the market properly. Isn’t it safest to buy and hold and just don’t sell when they market crashes?[/quote]

What if when you need retirement income coincides with the crash?[/quote]

Thats why I buy for total return including growth and income. If they maintain/grow their dividends I’ll never have a need to sell anything. I also have solar (no electric bill), drought tolerant landscape (minimal water bill), house close to paid off (minimal housing expense), tesla (no gas bill) etc. Oh and I have a very full wine cellar:)[/quote]

this seems very right. how much is it worth to have a paid off house? not to worry about things going really wrong with investments?

that said, I’m trying to refi with a large cashout to dollar cost average into various funds. :0

still good to keep expenses low.

[sdrealtor]

[quote=Reality][quote=sdrealtor]Dow up about 10% since this post. Nasdaq up closer to 20%. Like the say. Don’t drink the water in Mexico. Glad I didn’t

YTD trading portfolio not as good as Coronita. Up 30%.
YTD long term conservative dividend/total return portfolio. Up 8%[/quote]

So when did you get back in?

https://www.piggington.com/i039m_out_again%5B/quote%5D

Outside of some small trades after getting out in 2009, I went back all-in 2011/2012 on high quality dividend stocks as that was the only place to find yields. It provided the solid 3-4% returns I was looking for. These stocks included LLY, HD, JNJ, KMB, MCD, MRK, MDLZ, RPM, T, VZ among others. In the ensuing years many other people decided to do the same and the portfolio produced very significant capital gains on top of the income I bought them for. I still hold most of those stocks today having reinvested most of the dividends. In that same portfolio I always kept a fair amount of cash waiting for opportunties like this Spring and of course I had some underperformers though not many.

In late Feb/early Mar I saw an opportunity to add high quality companies paying extraordinarily high dividends for companies of this caliber and/or very undervalued IMO including ABBV, AVGO, JPM, MSFT, QCOM, UPS and APPL. I added or significantly increased positions in them. All have done extraordinarily well except JPM. Cant win em all.

In my short term trading account I mostly trade 3X leveraged ETF’s while holding onto a few long term holds I bought between 2015 and 2018 including APPL, FB, GOOG, HD and NVDA. I also bought AYX in the teens based upon a past client working there. Rode it up to $180 but its back down around $120. If I had a crystal ball I wouldve taken some more profits there.

I have been very successful trading those ETF’s the last 4 to 5 years with one exception which was last year on the 3X gold etf’s. When they went up I was short and when they went down I was long. If I had done the opposite last year Id probably be on a island somewhere but here I am.

[sdrealtor]

If you read back on the 2009 you’ll see I consider myself a very conservative investor particularly with the account that matters (my long term hold account). I think of my self as not being as smart or successful as most people. I cant afford to make mistakes which I cant recover from so I forego bigger gains for things I perceive having downside protection. Part of that means taking excess profits in my best working years to pay off debts or make long term investments (solar, drought tolerant landscape etc) to minimize my need for money when I cant or dont want to work anymore. My next and probably last big project will be building a really nice guest house out back to live in so I can generate income off my main home which while easily affordable is quite a bit more than I need. Of course that guest house will require a wine cellar too.

[ltsddd]

[quote=svelte][quote=ltsddd]I get this weird feeling that the number of stocks-related posts on this forum is a good indicator of an impending market correction.

Here’s my prediction – we’re not going to make it past election day unscathed.[/quote]

History tells us that October can be an ugly month for stocks.

Sometimes even August “Sell in August and go away” (a take-off on the old Sell in May and go away) but looks like not this year.[/quote]

I have experienced at least a couple of those Octobers. The one that sticks with me to this day is the one in 1995. Due to a glitch to the system, I was allowed to buy 1000 shares of Cypress Semi @ $90/each – my cash balance was around $3k. I was a nervous wreck that whole weekend and first thing I did the following Monday was liquidated everything. I think the market tanked that same week and CY went from about $90 to below $60. As a young 20-something that $30K hit could have altered my financial situation forever (probably never would have been able to purchase my first home a couple years later).

[scaredyclassic]

[quote=sdrealtor]If you read back on the 2009 you’ll see I consider myself a very conservative investor particularly with the account that matters (my long term hold account). I think of my self as not being as smart or successful as most people. I cant afford to make mistakes which I cant recover from so I forego bigger gains for things I perceive having downside protection. Part of that means taking excess profits in my best working years to pay off debts or make long term investments (solar, drought tolerant landscape etc) to minimize my need for money when I cant or dont want to work anymore. My next and probably last big project will be building a really nice guest house out back to live in so I can generate income off my main home which while easily affordable is quite a bit more than I need. Of course that guest house will require a wine cellar too.[/quote]

If you really want to cut expenses, booze is a good place to start. I accepted the five mindfulness trainings in february in deerpark monastery in escondido, and part of that is a vow to abstain from booze. so far, so good. Not one drink. I send them $50 a month as a donation, and I figure I save 200 a month in booze; probably more, I was in denial. in my weird mind, as long as i send them $50.00, I wont be drinking. I definitely dont want to let Thich Nhat Hanh down! I made a vow!

Not bad. plus the tax deduction for the donation.

skip the wine cellar, the booze, drinkign in bars, restaurants. it’s very profitable.

Usually i would think, well then, why continue living? whats the point if i get to have zero alcohol. It’s a great pleasure of mine.

yeah, well….maybe. an hour of meditation a day can clear the mind much better than a bottle of wine. no cheaper hobby than meditation!

in my more lucid moments, i think how wonderful it would be to be completely disconnected from news, particularly financial news. imagine a life where you truly didn’t give a crap what was going on in the larger world. Paid off house, low expenses, super low risk investments…i wonder if such a lifestyle could extend ones lifespan.

it would be a nice way to live. out of the game, the rat race, the bullshit, the second guessing, the anxiety over decisionmaking….

also looking at leaving some money to the Thich Nhat Hanh foundation in my will (maybe total booze savings?). my last will didn’t have any tricky stuff like this, just family members.

feel like maybe i should spread some money around…

[Coronita]

[quote=scaredyclassic][quote=sdrealtor][quote=Reality][quote=plm]
Actually I think that selling and buying back later at a lower prices is a way to have even better returns but much riskier since you have to time the market properly. Isn’t it safest to buy and hold and just don’t sell when they market crashes?[/quote]

What if when you need retirement income coincides with the crash?[/quote]

Thats why I buy for total return including growth and income. If they maintain/grow their dividends I’ll never have a need to sell anything. I also have solar (no electric bill), drought tolerant landscape (minimal water bill), house close to paid off (minimal housing expense), tesla (no gas bill) etc. Oh and I have a very full wine cellar:)[/quote]

this seems very right. how much is it worth to have a paid off house? not to worry about things going really wrong with investments?

that said, I’m trying to refi with a large cashout to dollar cost average into various funds. :0

still good to keep expenses low.[/quote]

That what dividend income , rental income, and a job income is for. Reduces the chances of 3 simultaneous failures. Trying to avoid touching any 401k/IRA even for emergencies so it can compound as long as it can before its tapped.

[sdrealtor]

[quote=scaredyclassic][quote=sdrealtor]If you read back on the 2009 you’ll see I consider myself a very conservative investor particularly with the account that matters (my long term hold account). I think of my self as not being as smart or successful as most people. I cant afford to make mistakes which I cant recover from so I forego bigger gains for things I perceive having downside protection. Part of that means taking excess profits in my best working years to pay off debts or make long term investments (solar, drought tolerant landscape etc) to minimize my need for money when I cant or dont want to work anymore. My next and probably last big project will be building a really nice guest house out back to live in so I can generate income off my main home which while easily affordable is quite a bit more than I need. Of course that guest house will require a wine cellar too.[/quote]

If you really want to cut expenses, booze is a good place to start. I accepted the five mindfulness trainings in february in deerpark monastery in escondido, and part of that is a vow to abstain from booze. so far, so good. Not one drink. I send them $50 a month as a donation, and I figure I save 200 a month in booze; probably more, I was in denial. in my weird mind, as long as i send them $50.00, I wont be drinking. I definitely dont want to let Thich Nhat Hanh down! I made a vow!

Not bad. plus the tax deduction for the donation.

skip the wine cellar, the booze, drinkign in bars, restaurants. it’s very profitable.

Usually i would think, well then, why continue living? whats the point if i get to have zero alcohol. It’s a great pleasure of mine.

yeah, well….maybe. an hour of meditation a day can clear the mind much better than a bottle of wine. no cheaper hobby than meditation!

in my more lucid moments, i think how wonderful it would be to be completely disconnected from news, particularly financial news. imagine a life where you truly didn’t give a crap what was going on in the larger world. Paid off house, low expenses, super low risk investments…i wonder if such a lifestyle could extend ones lifespan.

it would be a nice way to live. out of the game, the rat race, the bullshit, the second guessing, the anxiety over decisionmaking….

also looking at leaving some money to the Thich Nhat Hanh foundation in my will (maybe total booze savings?). my last will didn’t have any tricky stuff like this, just family members.

feel like maybe i should spread some money around…[/quote]

I think I am even better at buying wine than real estate or stocks. My collection could easily be sold for a lot more than I paid for it. I occassionally sell bottles off when they get too valuable for me to comfortably drink.

And to paraphrase Freewheelin’ Franklin of the Fabulous Freak Brothers…Wine will get you through time of no money better than money will get you through times of no wine!

And I aim to find out if the lifestyle you described can extend ones lifespan so I get to drink it all

[scaredyclassic]

[quote=sdrealtor][quote=scaredyclassic][quote=sdrealtor]If you read back on the 2009 you’ll see I consider myself a very conservative investor particularly with the account that matters (my long term hold account). I think of my self as not being as smart or successful as most people. I cant afford to make mistakes which I cant recover from so I forego bigger gains for things I perceive having downside protection. Part of that means taking excess profits in my best working years to pay off debts or make long term investments (solar, drought tolerant landscape etc) to minimize my need for money when I cant or dont want to work anymore. My next and probably last big project will be building a really nice guest house out back to live in so I can generate income off my main home which while easily affordable is quite a bit more than I need. Of course that guest house will require a wine cellar too.[/quote]

If you really want to cut expenses, booze is a good place to start. I accepted the five mindfulness trainings in february in deerpark monastery in escondido, and part of that is a vow to abstain from booze. so far, so good. Not one drink. I send them $50 a month as a donation, and I figure I save 200 a month in booze; probably more, I was in denial. in my weird mind, as long as i send them $50.00, I wont be drinking. I definitely dont want to let Thich Nhat Hanh down! I made a vow!

Not bad. plus the tax deduction for the donation.

skip the wine cellar, the booze, drinkign in bars, restaurants. it’s very profitable.

Usually i would think, well then, why continue living? whats the point if i get to have zero alcohol. It’s a great pleasure of mine.

yeah, well….maybe. an hour of meditation a day can clear the mind much better than a bottle of wine. no cheaper hobby than meditation!

in my more lucid moments, i think how wonderful it would be to be completely disconnected from news, particularly financial news. imagine a life where you truly didn’t give a crap what was going on in the larger world. Paid off house, low expenses, super low risk investments…i wonder if such a lifestyle could extend ones lifespan.

it would be a nice way to live. out of the game, the rat race, the bullshit, the second guessing, the anxiety over decisionmaking….

also looking at leaving some money to the Thich Nhat Hanh foundation in my will (maybe total booze savings?). my last will didn’t have any tricky stuff like this, just family members.

feel like maybe i should spread some money around…[/quote]

I think I am even better at buying wine than real estate or stocks. My collection could easily be sold for a lot more than I paid for it. I occassionally sell bottles off when they get too valuable for me to comfortably drink.

And to paraphrase Freewheelin’ Franklin of the Fabulous Freak Brothers…Wine will get you through time of no money better than money will get you through times of no wine!

And I aim to find out if the lifestyle you described can extend ones lifespan so I get to drink it all[/quote]

the guys from workaholics are supposedly working ona freak brothers cartoon.

I am extremely excited about this. I loved workaholics. really really loved it; even adored it.

and im sure ill like the updated freak bros! i bet i’ll even like it stone cold sober!

‘Fabulous Furry Freak Brothers’ Set As Adult Toon Series From Mark Canton & Others; ‘Workaholics’ Duo Leads Cast

in a way, workaholics is kind of an updated freak brothers, now that i think about it. 3 guys, a lot of drugs, dumbasses. reading the freak brothers at a young age really made me want to be like them; unemployed, chronically high, always hanging out. I failed to achieve all of those youthful goals.

[svelte]

[quote=sdrealtor] I think of my self as not being as smart or successful as most people. [/quote]

I don’t think that is true at all. Far from it.

You give much more thought to things than most people and reach far better conclusions.

[sdrealtor]

Thank you for the compliment. That mentality has always been my guiding philosophy on investing and making financial decisions. I think it’s why I’m still here doing my thing in an almost paid off house while my colleagues here and beyond are not in the same place. Stay humble in life, make good solid decisions and let time work for you. It’s really not all that difficult and most of us still here have followed similar paths

[svelte]

Love the let time work for you thing.

That’s something I discovered in my 20s…I sleep much better if I put myself on a course where every day gets a little better, a little less risk. I struggle when I’m on the opposite path. One of the reasons I never chose an adjustable rate mortgage, though in hindsight that would have been better. Who knew?

[scaredyclassic]

[quote=svelte]Love the let time work for you thing.

That’s something I discovered in my 20s…I sleep much better if I put myself on a course where every day gets a little better, a little less risk. I struggle when I’m on the opposite path. One of the reasons I never chose an adjustable rate mortgage, though in hindsight that would have been better. Who knew?[/quote]

i feel the same, but maybe this is just what being old and facing death is? there’s a little less risk every day because most of the days are in the past and decided.

When you are young, it is all risk, all possibility. Now, old, you know basically how the story turned out. so many fewer unknowns. you have arrived. you are here.

it’s beautiful, but oddly sad.

here is a word that someone made up from the dictionary of obscure sorrows, my favorite dictionary in the world. it is comprised entirely of words people constructed to express emotions we all have not currently covered by language.

énouement

n. the bittersweetness of having arrived here in the future, where you can finally get the answers to how things turn out in the real world—who your baby sister would become, what your friends would end up doing, where your choices would lead you, exactly when you’d lose the people you took for granted—which is priceless intel that you instinctively want to share with anybody who hadn’t already made the journey, as if there was some part of you who had volunteered to stay behind, who was still stationed at a forgotten outpost somewhere in the past, still eagerly awaiting news from the front.

https://www.dictionaryofobscuresorrows.com/post/34300648208/%C3%A9nouement

and so part of me is now hankering for some extreme risk, that the story isn’t told, that scaredy isn’t fully decided, there is still a plot twist. i mean, not as risky as an ARM, but you know, something….unexpected.

too old for a midlife crisis, too young to die.

maybe i can sell that slogan as tshirts at senior centers…

cant even get an ARM nowadays. which is an odd sign in itself..

[sdrealtor]

[quote=svelte]Love the let time work for you thing.

That’s something I discovered in my 20s…I sleep much better if I put myself on a course where every day gets a little better, a little less risk. I struggle when I’m on the opposite path. One of the reasons I never chose an adjustable rate mortgage, though in hindsight that would have been better. Who knew?[/quote]

Thinking back to the homes Ive bought to live in, Ive always been so worried about getting in over my head. Within a few years it always gets much easier, after several I say why didnt I go for a nicer place and after ten why didnt I buy 2!

[svelte]

[quote=sdrealtor]

Thinking back to the homes Ive bought to live in, Ive always been so worried about getting in over my head. Within a few years it always gets much easier, after several I say why didnt I go for a nicer place and after ten why didnt I buy 2![/quote]

Truth! When I think back on the places I passed up. I’d be retired by now.

On the other hand, i’ve slept like a baby most nights and may have died from a heart attack had I bought them.

Life is a cruel mistress.

[svelte]

[quote=scaredyclassic]

too old for a midlife crisis, too young to die.

maybe i can sell that slogan as tshirts at senior centers…
[/quote]

or put out a music album…

[img_assist|nid=27221|title=Jethro Tull|desc=|link=node|align=center|width=200|height=200]

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