stock market was up today...

#6,601
#6,601
Thunder Good-Oil said:
You can keep the ones that hold equities in their portfolios for longer than a day or 2. The ETFs with underlying assets in commodities, options, and volatility indexes tend to degrade over time. If they always decrease in value over time then they'd be guaranteed to make money for those shorting them. Still, in most cases they're probably best used as tradable investments.

They can quickly drop 75 or 80%. But they can also quickly go up 400 or 500%.
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The ones I’ve looked at seem to be heavy in derivatives (futures and swaps).

Too wild for my taste. I’d have to do a lot more research, maybe try and model some outcomes before I ever pulled the trigger on one.
 
#6,602
#6,602
85SugarVol said:
The ones I’ve looked at seem to be heavy in derivatives (futures and swaps).

Too wild for my taste. I’d have to do a lot more research, maybe try and model some outcomes before I ever pulled the trigger on one.
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I was more into getting rich slow, instead of getting rich quick. Not for me.
 
#6,604
#6,604
1972 Grad said:
I have mostly dividend stocks, some growth stocks, and bond funds. The bond funds are something to cash in when the market goes south, so I dion't have to sell stocks at a loss. Just in case my dividends aren't enough to cover my needs.
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Of course even bond funds, other than the short duration variety, lose market value as rates rise. But they'll go up if/when these cuts take effect.
 
#6,605
#6,605
Thunder Good-Oil said:
Of course even bond funds, other than the short duration variety, lose market value as rates rise. But they'll go up if/when these cuts take effect.
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Right. Mine are 4 different defined date corporate bond funds that have bonds maturing in 2021, 2022, 2023, and 2024, respectively. Not a great return, but around 3%. They serve the purpose for me at my age. They are more liquid than CD's. I could almost accomplish the same thing with a CD ladder.
 
#6,606
#6,606
1972 Grad said:
I was more into getting rich slow, instead of getting rich quick. Not for me.
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When I first mentioned them I qualified my comment that they were only appropriate with a small percentage of a portfolio.

I'd be more interested in the 2x and 3x if we weren't so far into this economic expansion. The 3x biotech bull fund only grabbed my attention because of how much it's recently pulled back. Healthcare (CURE) has good long term prospects unless there are major reforms. I don't know if financials (FAS) are that attractive with rates falling.
 
#6,607
#6,607
Thunder Good-Oil said:
When I first mentioned them I qualified my comment that they were only appropriate with a small percentage of a portfolio.

I'd be more interested in the 2x and 3x if we weren't so far into this economic expansion. The 3x biotech bull fund only grabbed my attention because of how much it's recently pulled back. Healthcare (CURE) has good long term prospects unless there are major reforms. I don't know if financials (FAS) are that attractive with rates falling.
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It isn't something that I really understand, so I stay in my lane. I guess it is considered "gambling money" for someone that knows what they are doing.
 
#6,608
#6,608
RavinDave said:
Palladium has been pretty stable around 1350-1360 the last couple weeks but it jumped to 1404 this morning and I don’t know why. Any thoughts? Was just talking to my partner who fabricates, about the catalyst price for a brewery project we’re hoping to execute.
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I finally got my last 5 oz of 2019 platinum eagles. At some point, PT has got to rebound if companies need to substitute PT for PD if the price gets too high.
 
#6,609
#6,609
1972 Grad said:
Right. Mine are 4 different defined date corporate bond funds that have bonds maturing in 2021, 2022, 2023, and 2024, respectively. Not a great return, but around 3%. They serve the purpose for me at my age. They are more liquid than CD's. I could almost accomplish the same thing with a CD ladder.
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Late last year my dad's broker wanted to switch out of some equity funds and into about 3% 5 year contracts. I vetoed that idea. I'm less knowledgable about owning debt, but I think not getting locked in wasn't a bad idea.
 
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#6,610
#6,610
Rasputin_Vol said:
I finally got my last 5 oz of 2019 platinum eagles. At some point, PT has got to rebound if companies need to substitute PT for PD if the price gets too high.
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I’m getting ready to order some more Pt catalyst, going to get my next batch made over in Germany, 500 kg with 0.3% platinum, so I hope Pt stays below 900 another week. It’s been a lot less volatile than palladium which spiked up close to 1500 today after hanging around 1350 for 2-3 weeks until about a week ago when it started up again. I think events in the ME have had a lot to do with the recent spike and would not be surprised to see it pass its historic high of around 1600 again soon, particularly if tensions continue to escalate.
 
#6,611
#6,611
Thunder Good-Oil said:
Late last year my dad's broker wanted to switch out of some equity funds and into about 3% 5 year contracts. I vetoed that idea. I'm less knowledgable about owning debt, but I think not getting locked in wasn't a bad idea.
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I could sell mine tomorrow if needed. I also have a Pimco short term bond fun that I consider as cash. The others are iShares.
 
#6,614
#6,614
Rasputin_Vol said:
I finally got my last 5 oz of 2019 platinum eagles. At some point, PT has got to rebound if companies need to substitute PT for PD if the price gets too high.
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Perhaps lithium is more promising than paladium if there's a major trend coming moving from internal combustion (catalytic converters) to batteries.
 
#6,615
#6,615
1972 Grad said:
I could sell mine tomorrow if needed. I also have a Pimco short term bond fun that I consider as cash. The others are iShares.
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They're annuity contracts. I wish that I was managing his accounts when he was talked into buying them years ago. The insurance industry recently slide through some more legislation enabling that scam.
 
#6,617
#6,617
Rav and Ras have my attention with their talk of holding physical precious metal. If we keep electing socialists a financial apocalypse in the equity markets isn't necessarily a reach. Metals, like unimproved real estate, can't benefit from compounding, but I bet there are a lot of Venezuelans that wish they had held a lot of metal.
 
#6,619
#6,619
Thunder Good-Oil said:
Rav and Ras have my attention with their talk of holding physical precious metal. If we keep electing socialists a financial apocalypse in the equity markets isn't necessarily a reach. Metals, like unimproved real estate, can't benefit from compounding, but I bet there are a lot of Venezuelans that wish they had held a lot of metal.
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When was the last American financial apocalypse and which socialist brought it about?
 
#6,622
#6,622
1972 Grad said:
I could sell mine tomorrow if needed. I also have a Pimco short term bond fun that I consider as cash. The others are iShares.
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I’ve been investing my cash holdings in fixed income iShares. Mostly treasuries and investment grade corporate debt, little bit of high yield just for juice.

I saw you were getting 3% on your corp’s. You can also get 3% on GNMA’s with less default risk and less volatility, just fyi. I carry positions in a couple of em.
 
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#6,624
#6,624
Velo Vol said:
Sorry, that's socialism.
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How do you figure? It would have been a pretty simple regulation in the financial industry to protect consumers. There's no free stuff being distributed. There's no government owning the means of production. There's nothing confiscated from one group and given to a different group.
 
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