The stock market

[Mike Sixel]

 

Forgot to list mine 

WFC/USB are our two big bank stocks

index funds tracking the S&P

Shopify (thanks a million on that one)

Coke

Roku

Disney

John Deere

 

We have others but those are all pretty substantial holdings. You certainly have a more tech centric holdings than we do. 

 

I should have held my disney......I have quite a bit of waste management also......there will never not be garbage....

[gunnarthor]

Interesting article from Barrons. Should be free to view.

 

https://www.barrons.com/articles/the-10-best-stocks-for-2020-51576285200

 

I have a small bit of pfizer in my IRA but none of the rest. The u-haul stock is an interesting idea.

[Mike Sixel]

I sort of worked with the CEO of Anthem, and reported to one of her CIOs. She's a great leader, who is remaking Anthem in UHGs image. I own too much healthcare stock..... But some of you may not.....

[Richie the Rally Goat]

Interesting article from Barrons. Should be free to view.

 

https://www.barrons.com/articles/the-10-best-stocks-for-2020-51576285200

 

I have a small bit of pfizer in my IRA but none of the rest. The u-haul stock is an interesting idea.

can u-haul unload a bunch of that real estate for a good price and not take a massive tax hit? They have a terrible liquidity crunch on their hands...

 

If they can squeeze through that itty-bitty window, and start flowing cash again there’s still a question of growth. Looking at the adjacent housing market, is now the time to exit self storage? Mortgage interest rates can only climb from here. Home prices are sky high and still climbing. With a decade of growth since the Great Recession, are moves as a result of home buying going to grow? I’m skeptical. If you can’t move to a bigger house, you need somewhere to store all your stuff.

 

But self storage is a cash hog and saturated.

 

I’m not buying it. I’m no investment pro, I’m sure they know things I don’t, but I just don’t get it.

 

I’m not buying that recommendation

[MMMordabito]

Dow down 400 points today ... Drink a Corona while you execute a buy order ... Panic always presents opportunity.

[Mike Sixel]

Dow down 400 points today ... Drink a Corona while you execute a buy order ... Panic always presents opportunity.

Wish I had cash. Would have made four percent yesterday.....

[Badsmerf]

Wish I had cash. Would have made four percent yesterday.....

I think I am going to try Betterment. Looking for a safe but profitable option for some bonus money. Only .25% rates, not too bad.

[Richie the Rally Goat]

Dow down 400 points today ... Drink a Corona while you execute a buy order ... Panic always presents opportunity.

yup. This will pass quickly, but has good possibility of dropping further before the Dow rebounds. Stay the course and you’ll come out well ahead

[Badsmerf]

yup. This will pass quickly, but has good possibility of dropping further before the Dow rebounds. Stay the course and you’ll come out well ahead

It isn't going to pass until this virus is under control. Flights are being suspended and it is estimated 75k+ people are infected. China could be due for a rough 2020. A severe slowdown in China will have cumulative effects around the world. Markets are going to continue falling until we know this situation is contained.

[Richie the Rally Goat]

It isn't going to pass until this virus is under control. Flights are being suspended and it is estimated 75k+ people are infected. China could be due for a rough 2020. A severe slowdown in China will have cumulative effects around the world. Markets are going to continue falling until we know this situation is contained.

sure, even into 2021, there could be some volatility with significant and growing populations unable to participate in markets. There was significant volatility with SARS too. The markets rebounded.

[gunnarthor]

I just moved 6k into my IRA for 2020 and am kicking around selling ROKU. I'm not sure how strong it will remain over the next year.

 

Has anyone heard of Intuitive Surgical, Inc.? I think that's my next purchase.

 

Lastly, this is a nice article on why DRIP investing makes sense long-term.

[Richie the Rally Goat]

I just moved 6k into my IRA for 2020 and am kicking around selling ROKU. I'm not sure how strong it will remain over the next year.

 

Has anyone heard of Intuitive Surgical, Inc.? I think that's my next purchase.

 

Lastly, this is a nice article on why DRIP investing makes sense long-term.

I reinvest my dividends on my employee discounted shares. Man that grew well and is readily accessible as a medium term savings (rather than a long term account like my 401k, Roth, and IRA for retirement). I save for target purchases like a car or home renovations. Getting 10% return on investment in share growth plus the compounding of dividends gets me an extra share per quarter plus the 15% discount means I get a huge premium over a 2% savings account and even greater savings over a home equity or car loan.

 

Just need to sell enough shares to cover my purchase plus capital gains tax.

 

To top it all off, because it’s an employee plan, I can increase my savings rate 1% per year and not even feel it.

 

So if you work for a publicly traded company, take advantage of your benefits!

[Badsmerf]

Wow that is huge. Makes me reconsider working at a privately held company.

[Mike Sixel]

 

I just moved 6k into my IRA for 2020 and am kicking around selling ROKU. I'm not sure how strong it will remain over the next year.

 

Has anyone heard of Intuitive Surgical, Inc.? I think that's my next purchase.

 

Lastly, this is a nice article on why DRIP investing makes sense long-term.

 

Motley Fool loves ISRG.

[gunnarthor]

 

Motley Fool loves ISRG.

Thanks Mike. I got the WFC research on ISRG from my broker this morning - I'd attach it for you but have no idea how to do that. They have it overweight (which is a buy and an expectation of 10% or better growth over the next 12 months) and the research was written up on 1/27/20 so it's fresh. 

 

Not completely on board yet since there is no dividend and I love dividend stocks for my IRA but leaning towards making the purchase this week. Looking at a few pharmaceuticals as well.

[gunnarthor]

Still thinking about ISRG but bought Exxon this morning for my IRA. Like the dividend and it's pretty low. It'll go lower though since I bought it. That's my MO.

 

 

Here's an article on health care stocks that I was looking at. ISRG is recommended a few places that I've found. 

 

[Mike Sixel]

Shop IFY! Keep buying it people (this is not a recommendation, just what I do.....)

[gunnarthor]

 

Shop IFY! Keep buying it people (this is not a recommendation, just what I do.....)

Yep, quite the stock. In four years, my one small purchase has become our largest individual holding.

[gunnarthor]

So the last two days have hurt. My apologies, I bought stock a couple weeks ago. This is my doing. 

 

In related news, Bob Iger has stepped down from Disney - https://www.cnn.com/2020/02/25/media/bob-iger-bob-chapek-disney-ceo/index.html

 

We own a bit of Disney and tend to like it. It was around 145 a while ago and fell to 128 today. I have no idea when the market will correct itself from the virus fears and there are other outside influences that are greatly going to affect the market in my opinion. So Disney might continue to fall or just stay flat but it's a nice stock in the longterm. We might buy more at this price, although it would be a small purchase at this point. 

 

 

[glunn]

Tomorrow will be a big day, and I am not optimistic.

[gunnarthor]

 

Tomorrow will be a big day, and I am not optimistic.

Yeah, really rough day again for us. We hold primarily in three areas - banks, oil, tech. Banks and oil are not doing well at all. WFC at 40? Cripes, that might be approaching a ten year low. Fortunately we have a bunch of cash hoarded up. We'll spend the weekend discussing things but probably will buy in to the market to some extent next week.

[glunn]

 

Yeah, really rough day again for us. We hold primarily in three areas - banks, oil, tech. Banks and oil are not doing well at all. WFC at 40? Cripes, that might be approaching a ten year low. Fortunately we have a bunch of cash hoarded up. We'll spend the weekend discussing things but probably will buy in to the market to some extent next week.

I am deep in these sectors, but even deeper in REITs and cash. Like you, I will be looking for bargains next week. I wish that the manufacturer of Purell was a public company.

[Richie the Rally Goat]

I am deep in these sectors, but even deeper in REITs and cash. Like you, I will be looking for bargains next week. I wish that the manufacturer of Purell was a public company.

Ticker MMM maker of Avagard and surgical face masks has been doing less bad than other Dow stocks lately. That dang PFAS monkey on their back will hinder things for a while though...

[glunn]

 

Ticker MMM maker of Avagard and surgical face masks has been doing less bad than other Dow stocks lately. That dang PFAS monkey on their back will hinder things for a while though...

That sounds like a good one to look at. I want to try to figure out how much of their revenue comes from the mask business.  

[Richie the Rally Goat]

That sounds like a good one to look at. I want to try to figure out how much of their revenue comes from the mask business.

as a shareholder I get to listen in on the earnings call. medical as a whole is about 8 billion of a 33 billion market cap. Masks and avagard are a portion of that 8, not sure how much but probably growing! 3M is one of the worlds largest producers of surgical/face masks and respirators, but it’s highly diversified, using/manufacturing the same IP into many different markets.

 

It’s a bellwether stock, part of why it’s not getting hammered right now is it’s taken a beating over the last year.

[gunnarthor]

Looks like we're in for another really rough week.

 

https://www.cnbc.com/2020/03/01/awaiting-us-stock-futures-open-at-6-pm-after-wall-streets-worst-week-since-2008.html

[Richie the Rally Goat]

Looks like we're in for another really rough week.

 

https://www.cnbc.com/2020/03/01/awaiting-us-stock-futures-open-at-6-pm-after-wall-streets-worst-week-since-2008.html

Yup, but this correction has been coming for some time now. Hopefully you’ve got time on your side to weather the storm.

[glunn]

I placed an order to sell a June put on MMM at $130 -- nice premium and I would be happy to own the stock at that price.

[Mike Sixel]

This has not been fun! But, I don't need this money (other than 20-30K) anytime soon. I thought about going to cash just before the fall (in my one IRA I manage somewhat actively) but didn't. Oh well......

 

Stay strong everyone.

[Vanimal46]

Today ended well. Hope y’all stuck it out, and even bought low!