Too Hot Investment Thread

Nice dividend - 8%. Would it be more in energy sector?

 

Yes, close enough for me though!

I've got a large portion of my portfolio in it, and it's been the only thing worth a damn the past few months. They actually used to pay 15-17% dividends, but they cut it in half (maybe 2 or 3 years ago). From everything I researched it looked like legit debt restructuring. Since they cut it in half, they've bumped it up once and I've heard it may be happening again. All of my shares were bought at 14.5 to 15.5, and although this is far from a growth stock, it's been growing a lot the past month or two. My guess is it's either because someone knows the dividend will be increasing, or a lot of people doing what you're doing by switching to more dividend type stocks to hedge against inflation/recession. I'm not a financial professional though, so take this FWIW.

 

SPH is a partnership, so some extra tax filing involved. XLU is the sector ETF. DUK and SO are two names I like.

 

Have some SO but Ed Jones has a Hold recommendation on it due to cost over runs on construction of 2 nuclear plants. Will look at DUK

 

There are 65 stocks issued from the Fortune 500 who have increased their dividend every year for 25 or more years. Money magazine calls them Dividend Aristocrats. Here is the 2022 list.

https://money.usnews.com/investing/stock-market-news/articles/dividend-stocks-aristocrats

 

fidelity requires me to choose most aggressive as my investment goal in order to buy SPH. Peculiar

 

You can simply invest in Vanguard dividend growth fund or Vanguard dividend appreciation etf to get those type of stocks. Both are very low fee, unlike Edward Jones.

 

What a brutal day. I have 47 stocks and only 1 made money. I made 8$ with Merck. Same with the mutuals - all losers.

 

True story, I looked at one of my accounts today and had lost about 13k. I haven’t had the heart to check the rest.
But then I read that Bezos lost 13 billion today, so he lost 1 million times more than me.

So who had the worse day, given the billions he has behind it? I honestly don’t know…

 

I think today probably demonstrates the futility of investing in individual stocks. The broad market was down. But it sounds like what most everything that people have here in terms of stocks or funds were also down. In other words for all the trading and churning and research and stock picking it didn't help one bit. Stew on that a bit.

At the same time if what happens in one day matters you are going about it the wrong way.

 

my international value fund made me 45 dollars today, so that’s awesome right?
And of course you are right, one day doesn’t make or break anything, even bad ones like this…it’s largely just venting on a bad day given it’s the worst month since 2008 I think for the Nasdaq and some of the other indexes aren’t far behind. Pretty bad stretch and probably years overdue so no biggie in the long run hopefully, just need some gallows humor.

 

That is one reason I keep about 40% of my equities in international funds. I'm roughly 60% stocks and 40% bonds and a smattering of other things. On a day where the broad US markets lost about 3% my losses were somewhere between 1 to 1 1/2%. Sometimes diversification helps.

 

My 2 assets that went up were Honeywell and Fidelity Emerging Markets but the other losses far outweighed these gains

 

Yes it does. I was down just around 1% in my RH account, slightly up in my Schwab Roth. I spread everything out but had gotten Exxon & didn't sell when it flew down, as an example.

Haven't looked at my 401k. I'm trying to hold on to my "rule" of only looking at it 1-2 times a year. So usually it's June & December.

 

While not looking at statements is a good idea in theory practically not so much in the case of financial fraud. If somebody drained your financial accounts (which is extremely rare) you may not know for months. Also be aware of state escheatment laws, accounts that show no activity for years may be liquidated and taken over by the state. You can usually get it back but when liquidated it sits in state coffers not earning anything.

 

There's activity because I do deposit automatically from my check and my employer puts their match. But yeah probably should check more often.

 

Meanwhile Robinhood is off 85 percent from its highs.

Robinhood shares plummet as company announces layoffs | CNN Business

Guess that whole democratization of investing doesn’t work as well when markets aren’t simply rising without end.

 

That's where I have my play money. The app & live time are great. Easy to understand. But I've heard about those with higher balances having issues.

They've tried adding more crypto but I went out of curiosity & most of what they added isn't able to be traded in NY. Which is funny because most of those same cryptos can be traded in Coinbase. *shrug*

 

I’ll just leave this here

https://www.cnbc.com/2022/04/30/war...ion-for-why-he-doesnt-believe-in-bitcoin.html

 

And I might finally have to buy Ibonds.

https://www.cnbc.com/2022/05/02/i-b...percent-interest-for-the-next-six-months.html