Re: MARKETS,Anybody even yet?
Posted: Sat Oct 15, 2022 11:46 pm
There was just no reason for that 800 point bump. I bailed luckily on my quick 5 percent profit on PRU in time late Thursday. My mistake was not using that money to pick up sqqq with the same money and dumping that as well on Friday for a quick 5 point or so hit. Like posted above, Time is not on my side. I will play a few hit and run games from here on out, but mostly it will be fixed income returns and FDIC insured at that.
Now only if I could apply my same market discipline to VP!!!!…….Finally, a formerly good Mutual fund I have announced they are closing. They didn’t even sell it. Maybe they couldn’t. CGMRX. I was forced to sell at 55 percent of its high in 2017. Oh well, the loss will offset the hit and run profits I made several times on PRU and sqqq. There will be more tax selling before year end. I know I am not the only one in that boat. I have a tiny position in TSLA. I am not holding my breath on that one. Musk is all over the place lately. I see no upside here. Just more bounces then deflated balloons. Two more substantial rate hikes possible by year end. I am a member of the Panera Bread coffee club. They have been having mini rate hikes on bagels and such every few weeks. I had to pick up a bottle of a really good drain opener today. 7 bucks a year or so ago. 15 now. Forget the grocery store. Many poorer people are on rice and beans now and of course Generic brands. Inflation is doing a real job on my BGS, but I am keeping that one snd may even add to it. I wonder how long they can keep up the great dividend.
Now only if I could apply my same market discipline to VP!!!!…….Finally, a formerly good Mutual fund I have announced they are closing. They didn’t even sell it. Maybe they couldn’t. CGMRX. I was forced to sell at 55 percent of its high in 2017. Oh well, the loss will offset the hit and run profits I made several times on PRU and sqqq. There will be more tax selling before year end. I know I am not the only one in that boat. I have a tiny position in TSLA. I am not holding my breath on that one. Musk is all over the place lately. I see no upside here. Just more bounces then deflated balloons. Two more substantial rate hikes possible by year end. I am a member of the Panera Bread coffee club. They have been having mini rate hikes on bagels and such every few weeks. I had to pick up a bottle of a really good drain opener today. 7 bucks a year or so ago. 15 now. Forget the grocery store. Many poorer people are on rice and beans now and of course Generic brands. Inflation is doing a real job on my BGS, but I am keeping that one snd may even add to it. I wonder how long they can keep up the great dividend.