Originally Posted by Rain Man:
Okay, I don't know if we can have a discussion about this without getting banished to DC, but I think we can be agnostic on the politics and just talk investment implications.
What should we be doing differently after the election? I generally don't pay much attention because the two main parties are pretty effective at blocking each other's agendas and making change slow. But if one party now holds all three elements of the legislative and executive branch, and also holds the Supreme Court, we could be in for some changes.
Tariffs is probably an obvious first step. It'll make imported goods more expensive, so it seems like companies with domestic production capacity might have an uptick in revenues and profits. I suspect they'll also raise prices to just below the tariff pricing, because why would they not? Who are we talking about here? Who stands to make a killing?
Will Tesla thrive? It seems to me like they're probably going to be getting some pretty good subsidies or something.
Oil? Less regulation, more drilling. Does that mean more profit?
I think if any radical economic policy shifts occur, we're at risk of unexpected outcomes, and unexpected outcomes are more often negative than positive. Will the entire economy and stock market slow down? Should we be moving more to international stocks?
I decided to start buying in on a couple of gold mining companies based in Canada, and also a South American utility provider. I've been needing a little more international exposure anyway, and I think these stocks will do fine if the American economy hits turbulence.
What should we be doing?
No sarcasm- great questions.
Who stands to make a killing? Probably lending companies as Americans appear to be unable to stop spending regardless of how out of control prices get. Tariffs likely make things more expensive. If the promises of deporting illegals meet the intended scale, that will also likely raise prices on goods sold.
Will Tesla thrive? Uh, yeah. And I don't think that is good for us in many, many ways. Folks that own the stock will definitely enjoy the ride.
Oil is a global market and I am not qualified to hazard a guess on that. If the broad economy goes up, so will demand for oil. Will that mean more profit? Probably?
Will the economy/stock market slow down? International? We know the economy is not the stock market, etc etc. Back to the deportation comment. By definition, if labor shrinks, the economy follows. The market probably follows. The International question is something I have been thinking about and do have tens of dollars invested now. Don't love the risk exposure, but not sure it is as risky as I perceive.
What should we be doing? Age old and sincerely awesome question. Need to really sit down and study this one. I know one thing is for sure, you should watch what I do and invest in the opposite- results are on your side with that approach. [Reply]
So I was looking through some of my shit. I should do it more frequently, but whatever, I'm not in anything for a short term.
I bought a couple shares of IBM in August and hell they're up 18% (excluding dividends). I was pretty shocked not expecting that kind of runup. I don't hate how their situated from a business/strategy standpoint, so I bought a couple more shares and turned on DRIP.
My positions in google are looking rough recently, but are up 19% since March. I think I may look to layer in some more purchases.
I have some positions in AGM which is a bank that does ag lending. I just picked up a share when the banking shit started happening as a reminder to check their financials regularly. That fucking share is up 86.74% (excluding dividends). Holy hell. So I layered in some more in July that's up 17%. I don't know WTF it's performing so well. But I think I may just pick up a share every time I make a payment.
I bought a few shares of 3M stock in March when they hired a different CEO. That is up 48%. I haven't layered in anymore purchases because I'm still nervous about the lawsuits, but I do have DRIP on. I may look at their filings and see if I should layer more in.
MAIN is one I brough when HogFarmer was pushing it. It has been pretty good over the course of time, so I pick up a couple shares now and then. I'm not thrilled with the business structure, but it's been good, so I keep buying some.
The Deere stock I have had a rough summer. But has boomed recently. I haven't looked into why. This is another one I need to buy a share when I make a payment.
The other individual stocks I have I'm not excited about. Most of the portfolio is in VOO VUG and SCHD.
What are you guys excited about these days? [Reply]
Ive sat out the crypto game but bought a hundred shares of XRP a few weeks ago. Its perforning vwry well. Bought some Rocket labs and a few others (Amzn). [Reply]
Originally Posted by tooge:
Ive sat out the crypto game but bought a hundred shares of XRP a few weeks ago. Its perforning vwry well. Bought some Rocket labs and a few others (Amzn).
I haven't done any crypto either. I'm probably out of that market for awhile.
Amazon is something I've long thought is overpriced and am obviously wrong about. Rocket Labs is interesting. [Reply]
Originally Posted by Buehler445:
I haven't done any crypto either. I'm probably out of that market for awhile.
Amazon is something I've long thought is overpriced and am obviously wrong about. Rocket Labs is interesting.
We got into crypto a few months ago, although it's very small. We just put in $10 a day. Figure that over enough time we will start to see a return on our investment. [Reply]
Originally Posted by Buehler445:
Just as a heads up, if you own crypto, you need to report it on your tax return, even if there is no reportable income.
Man I tell you what this financial advisor thing is easy. Sure they steal from me the 1% cuz Im a lazy fuck but I just sit around while I make an almost easy 200k this year. Nuts. For the last 5 years I mainly just let that shit rot in a savings account and loan it out short term sometimes for house flipping privately. Made more just sitting on my ass this year. Is every year like this or was this a better year? I just started with a financial manager a year and a half ago. [Reply]
Originally Posted by tooge:
Ive sat out the crypto game but bought a hundred shares of XRP a few weeks ago. Its perforning vwry well. Bought some Rocket labs and a few others (Amzn).
I own XRP, XLM and HBAR. They're all booming over the last month. With Trump coming back into office and Gensler leaving as SEC chair, the crypto market is going insane.
Some think that XRP/Ripple is going to be the new global bridge currency and could be worth trillions. I think it's worth putting some money into and keeping an eye on it. The other companies/coins above are also linked with XRP.
A lot of the crypto is down today, though. They say South Korea is big in crypto and their leader declared marshall law today and things started crashing. [Reply]
Originally Posted by BWillie:
Man I tell you what this financial advisor thing is easy. Sure they steal from me the 1% cuz Im a lazy **** but I just sit around while I make an almost easy 200k this year. Nuts. For the last 5 years I mainly just let that shit rot in a savings account and loan it out short term sometimes for house flipping privately. Made more just sitting on my ass this year. Is every year like this or was this a better year? I just started with a financial manager a year and a half ago.
This has definitely been a good year. I really enjoy the good years. [Reply]
Originally Posted by Buehler445:
So I was looking through some of my shit. I should do it more frequently, but whatever, I'm not in anything for a short term.
I bought a couple shares of IBM in August and hell they're up 18% (excluding dividends). I was pretty shocked not expecting that kind of runup. I don't hate how their situated from a business/strategy standpoint, so I bought a couple more shares and turned on DRIP.
My positions in google are looking rough recently, but are up 19% since March. I think I may look to layer in some more purchases.
I have some positions in AGM which is a bank that does ag lending. I just picked up a share when the banking shit started happening as a reminder to check their financials regularly. That ****ing share is up 86.74% (excluding dividends). Holy hell. So I layered in some more in July that's up 17%. I don't know WTF it's performing so well. But I think I may just pick up a share every time I make a payment.
I bought a few shares of 3M stock in March when they hired a different CEO. That is up 48%. I haven't layered in anymore purchases because I'm still nervous about the lawsuits, but I do have DRIP on. I may look at their filings and see if I should layer more in.
MAIN is one I brough when HogFarmer was pushing it. It has been pretty good over the course of time, so I pick up a couple shares now and then. I'm not thrilled with the business structure, but it's been good, so I keep buying some.
The Deere stock I have had a rough summer. But has boomed recently. I haven't looked into why. This is another one I need to buy a share when I make a payment.
The other individual stocks I have I'm not excited about. Most of the portfolio is in VOO VUG and SCHD.
What are you guys excited about these days?
I've had IBM forever, and I don't even really know what they do any more. The stock was stagnant for a long time and I only kept it because it paid a good dividend and I didn't know where else to put the money. But then a few years ago it started doing pretty well. It's actually been a nice producer for me for the past few years.
I completely flubbed MMM. I bought it and held it for several years while it declined, and then I finally sold it off right as it started climbing. You win some, you lose some.
I started buying into banks headlong about four months ago. That's not because I have any theories, but more because I was having some cash freeing up and I've been underrepresented in bank stocks. I've been buying CFG, OPBK, PFBC, HSBC, and ... one other that I don't recall right now. The HSBC and the other one have been muddling around, but the first three have been doing well. I started buying the CFG about a year ago as a one-off, and it's been a star for me.
I keep thinking that companies that are fully operating in the USA will probably enjoy some advantages over the next couple of years, which may help companies like IBM, MMM, GE, and others. [Reply]
