What’s Everyone Doing with Stock Portfolios?

[69a100]

Hold on for the ride, Its going to be a bumpy one. As the virus starts getting under control, we should see a recovery happen quite swiftly I would wager.

Let's just keep that Positive Mental Outlook going and hope for the best!

 

[Hey-O]

I finally dumped the one and only oil stock I had. It was a smaller company and will probably go out of business or absorbed by another.....1750 buck hit but my account which was only 5k to start with. Probably shouldn't even be in the market with an account that freakin small.

It's never about how much you have, it's that you do something with it. Don't forget that.

 

[BBishere2]

I don’t buy individual stocks anymore, prefer mutual funds now. Timing wise now is not the time to sell, better to ride it out, even better, buy.

Investments are treated as if the money is gone when the buy order is issued, there is no dependence on it being there so no worries about the market when it goes down. A down market is just an optimum time to invest more at a better price than it was when the market was up. It is an opportunity to make greater profit on those purchases when it rebounds.

Just heard that the market is up over 2000 points today, which is a positive move but there is a long way to go.

 

[GetX'd]

To keep things in perspective the market high was 29500 at its high. We’re still a few points away from that. Like around 9,000ish

 

[Dennis H]

Biggest gain in one day since the 30’s. Perspective.

 

[69L48Z27]

Wait till tomorrow.

 

[YY1]

@Cranky

I thought you "had what it takes" in the market

I have two major oil holdings- provident (Canada, and also a gas pipeline owner) which had been kicking *** with a great dividend up until now and BP, still waiting on that turnaround, but also a good payday.

I know those will take longer to gain back the 40% loss, but as long as they keep paying out, I'll keep holding.
Up until a few years ago those two were the majority of my holdings.

Recently I've gone after financials and real estate holdings.

JPM is back on the positive side.

I also own JPM preferred, which is almost down to it's issue/call price and IIRC 9%.
If the call date wasn't 2021(2?), I'd be a buyer.
Funny, the only reason I own JPM common, is to keep a news feed going.
That stock tripled, and that's what I sold 33% of my stake in just prior to "the tank".

 

[GetX'd]

BP has been a disaster since their oil spill in the gulf. I bought it after it tanked from that. Like trying to catch a falling knife. It just never came back. Once the dividends made me whole I bailed on that Death Star. A lot of companies are going to be suspending dividends for the. Ear future. Hope they hold up for you.

I only own mutual funds these days as I know they can’t have bad earnings quarters and they won’t go bankrupt. While extremely painful still it’s a portfolio designed for times like this. Although I’m still way to heavy in equities. Still holding and praying......

 

[Dennis H]

Almost off 100k now. 3 weeks ago could have got the Redeye and checked all the boxes.
Stitching on dash, carbon fiber, 3:09 gear, convenience group, Harmon Kardon, Demonic Red seats, etc. Wouldn't have felt it.
Too late now.

 

[Hey-O]

Bought Norwegian Cruise Line , royal Caribbean and carnival a few days ago. They were down 70 something percent and soared yesterday. Money in play now and waiting a few more days.

 

[Mopars & Missiles]

Almost off 100k now. 3 weeks ago could have got the Redeye and checked all the boxes.
Stitching on dash, carbon fiber, 3:09 gear, convenience group, Harmon Kardon, Demonic Red seats, etc. Wouldn't have felt it.
Too late now.

Feel your pain, 8X over.

 

[GetX'd]

Feel your pain, 8X over.

I could double you - not even looking......

 

[PeteBell68]

Don't look - it will come back lol

 

[Mopars & Missiles]

Don't look - it will come back lol

Yes, yes it will eventually. The trouble is, not everybody has the luxury to wait it out as long as others can. For instance, someone 53 yrs old can afford to wait longer than someone 73 yrs old.

 

[Dennis H]

Still want to know why we need the money now. This is the fun pile. Income streams and 3-6 months emergency cash should be on hand. Get a grip and get a plan. Live within your means.

 

[GRAMSCAR]

I have 3 years to retirement, holding what I have and scooping up opportunities like Boeing and gold miner stock

 

[GetX'd]

I got greedy and have 85% in stock mutual funds. The rest is fixed income which I could draw from but would have to pay income tax on. It’s not all bad. Just a lot is .... at 66 I shouldn’t have that much in equities. But I do and will deal with the consequences..... it is what it is as they say....

 

[YY1]

If my plan works out, I'll retire in about 5 years.

I don't plan on selling my stocks to fund my retirement.

I plan on using the dividend and interest income to supplement social security and state pension.

Three pronged plan.