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The Investment Thread

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Offline  Re: The Investment Thread
Posted: March 13, 2020, 2:59 PM Post
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Location: bush Alaska
Metals are plummeting. Does anyone have a source they would recommend from their own experience buying and selling?


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Offline  Re: The Investment Thread
Posted: March 13, 2020, 6:14 PM Post
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So far made some nice money simply day trading 1 stock over the last 2 weeks. Bought and sold it 3 times. Guessing Monday and Tuesday will be down, so I’ll target a low level Monday, and hope to add to it lower Tuesday


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Online  Re: The Investment Thread
Posted: March 14, 2020, 7:02 AM Post
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AKCheesehead said:
Metals are plummeting. Does anyone have a source they would recommend from their own experience buying and selling?

What’s your objective? If it’s to speculate, I’d go with the iShares Silver Trust ETF (ticker: SLV). The transaction costs on trading physical gold and silver will eat into your profits. Do you have sales tax in Alaska? It’s a killer in Wisconsin for trading physical precious metals. You pay a 5% premium to buy, but you don’t get it back when you sell. The state keeps it.


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Online  Re: The Investment Thread
Posted: March 15, 2020, 6:25 AM Post
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New financial goal for 2020: Keep job.


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Offline  Re: The Investment Thread
Posted: March 15, 2020, 11:01 AM Post
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Location: bush Alaska
nodakfan17 said:
AKCheesehead said:
Metals are plummeting. Does anyone have a source they would recommend from their own experience buying and selling?

What’s your objective? If it’s to speculate, I’d go with the iShares Silver Trust ETF (ticker: SLV). The transaction costs on trading physical gold and silver will eat into your profits. Do you have sales tax in Alaska? It’s a killer in Wisconsin for trading physical precious metals. You pay a 5% premium to buy, but you don’t get it back when you sell. The state keeps it.


No statewide sales tax, just city sales taxes in some towns. There are dealerships over in anchorage for gold and silver, and no city tax there. But that’s a 400 mile plane ride away.

My objective of course is buy low and sell high. Just following prices it seems like there may be a good opportunity right now, trying to figure out a smooth way to do it and of course most importantly not get burned.


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Online  Re: The Investment Thread
Posted: March 15, 2020, 3:25 PM Post
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Rates to zero ... yikes.


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Offline  Re: The Investment Thread
Posted: March 15, 2020, 4:09 PM Post
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nodakfan17 said:
Rates to zero ... yikes.

They just used their last bullet!! smh


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Offline  Re: The Investment Thread
Posted: March 15, 2020, 4:10 PM Post
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Location: Milwaukee, WI
How will that rate affect mortgage rates? Or won’t it?

"I'm not as good as I was but in big moments I'm still the guy. I want that opportunity." -Ryan Braun


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Online  Re: The Investment Thread
Posted: March 15, 2020, 4:23 PM Post
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Brew4U said:
How will that rate affect mortgage rates? Or won’t it?

It won’t. At least not in the short term.

Most banks have full refi pipelines and are going to be hesitant to book new volume at anything less than 3%. But when their pipelines thin out, who knows?


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Online  Re: The Investment Thread
Posted: March 15, 2020, 4:23 PM Post
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It'll cause mortgage rates to decline eventually, though not as quickly as shorter-term rates.


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Online  Re: The Investment Thread
Posted: March 15, 2020, 4:26 PM Post
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Jaylyn said:
nodakfan17 said:
Rates to zero ... yikes.

They just used their last bullet!! smh

They should never have cut rates three times in 2019 when the economy was humming along just fine.


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Offline  Re: The Investment Thread
Posted: March 15, 2020, 5:15 PM Post
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nodakfan17 said:
Jaylyn said:
nodakfan17 said:
Rates to zero ... yikes.

They just used their last bullet!! smh

They should never have cut rates three times in 2019 when the economy was humming along just fine.


Funny, they should never have raised rates 4 times in 2018 while simultaneously Quantitative Tightening.

From 2012 - 2016 economists where looking for one rate hike per year, but Yellen continued to sit on her hands. Slow and steady would have been a better solution.


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Offline  Re: The Investment Thread
Posted: March 15, 2020, 7:46 PM Post
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Jaylyn said:
nodakfan17 said:
Rates to zero ... yikes.

They just used their last bullet!! smh


Could always go negative...


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Offline  Re: The Investment Thread
Posted: March 15, 2020, 10:38 PM Post
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The Weatherman
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There’s no way out of this now. This is on the scale of 9/11. The economic hit is going to be massive and it is going to take years to get out of the hole.


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Online  Re: The Investment Thread
Posted: March 16, 2020, 4:20 AM Post
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owbc said:
There’s no way out of this now. This is on the scale of 9/11. The economic hit is going to be massive and it is going to take years to get out of the hole.

At this point, I’d take a 9/11-type recession. Unemployment ‘only’ increased from 4%-6%. At least there’s a bottom.


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Offline  Re: The Investment Thread
Posted: March 18, 2020, 6:55 PM Post
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I started dabbling in a couple things today, as I think there was capitulation going on. Preferred stocks (much safer dividends than common shares) were outright being blown out the door, and things like Square rallied 22% off an incredible dump.

Not saying we’re out of the woods and we may retest lows again, not sure some of these stocks will see the same lows though.

Bought a few as speculative:

MSB a little under $10 (iron ore trust in northern MN, no debt and the only thing that it does is distribute royalty payments)

NYMTN around $7. preferred stock in a mortgage reit. If they survive it’ll be a 27-30% annual dividend at my purchase price.

Eying McDonalds, Delta, and AT&T for the long haul. MCD is getting obscene and Buffett has a large position in DAL already. I think he makes a move on them.


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Offline  Re: The Investment Thread
Posted: March 18, 2020, 7:08 PM Post
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Why didn't I buy APRN a week ago?


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Offline  Re: The Investment Thread
Posted: March 19, 2020, 9:02 AM Post
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superfly said:
I started dabbling in a couple things today, as I think there was capitulation going on. Preferred stocks (much safer dividends than common shares) were outright being blown out the door, and things like Square rallied 22% off an incredible dump.

Not saying we’re out of the woods and we may retest lows again, not sure some of these stocks will see the same lows though.

Bought a few as speculative:

MSB a little under $10 (iron ore trust in northern MN, no debt and the only thing that it does is distribute royalty payments)

NYMTN around $7. preferred stock in a mortgage reit. If they survive it’ll be a 27-30% annual dividend at my purchase price.

Eying McDonalds, Delta, and AT&T for the long haul. MCD is getting obscene and Buffett has a large position in DAL already. I think he makes a move on them.


Well didn’t expect that so fast Lol. Took some NYMTN off at 14 and riding free from here on in. Crazy moves.


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Offline  Re: The Investment Thread
Posted: March 19, 2020, 2:07 PM Post
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A co-worker keeps talking about Carnival. Usually hovers around $50 and has gotten as low as $7. Been bouncing around +/- $4 the past week or so, so I'd guess a lot of folks are using it as a quick buy/sell stock. He's also looking into the company's suppliers, which almost certainly would have Carnival as their biggest client.


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Online  Re: The Investment Thread
Posted: March 19, 2020, 2:33 PM Post
Posts: 2053
Should I receive any stimulus money, I plan on spending a portion at a local coin shop. Silver is attractively priced and it would help keep those dollars flowing in the community.


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