Quoted from Astropin:

Just a little update on my Prosper account. Nearly a year in now and I'm averaging 11.7% return which is beating my expectations by a large margin. This is still WAY too short of a time frame to properly judge but I'm impressed with what I'm seeing. I did "customize" my account with certain restrictions on how my money is loaned out and I also customized the percentages assigned to the loan ratings (AA through E). I'm weighted mostly in the B & C class loans (55%) with A & D classes representing 35% and E at 10% (I have 0% in AA).

Quoted from Astropin:

It's not a stock I own ....they take your money and loan it out to people. It's referred to as "peer to peer" lending. I have mine set up as a Roth account but you can also just do straight lending.

Lame. Same with Lending Club? I couldn't do Lending Club but could do Prosper.

Quoted from Astropin:

Yeah I'm generally not a fan of LTC insurance.

Quoted from DCFAN:

You thumb me down for posting facts? All I did was put some perspective into what a huge drop would mean in relation to the last ten years.
Are you scared or being defensive?

Quoted from Mike_J:

You’ve got to be buying oil.

Quoted from DBLM:

I see a lot of talk about dividend stocks on here. Are folks primarily buying for the dividend? My broker and I tend to buy stocks that we think are going to have movements up and if they pay a dividend while we wait, that is a bonus. Just curious how others are approaching this.

Quoted from DBLM:

Makes sense. We tend to be a little more active in our trading so if we find an investment that is going sideways and we think that if there is a better opportunity somewhere else at the time (factoring in dividends), we tend to move over. I hate having dead money locked up.

Quoted from Chitownpinball:

I was dumb and bought the last dip. Luckily not all of my cash though, still have a chunk to trade when we finally hit bottom.
We just had conference after conference cancel at work. Im not buying shit for a while.

Quoted from cottonm4:

Looks like the early morning relief rally has faded. But the day is still young.
Some of you talk about Boeing. I think Boeing, a major DOW stock, will see $200.00 per share as this virus crisis (or whatever you want to call it) continues.

Quoted from cottonm4:

These are all DOW stocks.
Boeing, BA is down $27.00 today. Now priced at $161.00. On Feb. 18, 2020, Boeing was a $340.00 stock. Down $178.00.
.

Quoted from DBLM:

I personally hit the nuke button today and pulled out. Did this in 2008. Is sucks, but based upon the data that I have this is going to get a lot worse before we rebound. I think the rebound is going to be spectacular, so this is a way to preserve capital now to make up more than my current losses on the recovery. Moves I made the past 2 weeks did limit my downside, so that is a minor win. Good luck to all.

Quoted from jackd104:

I don’t follow. All you did was lock in your loss. What’s your strategy from here?

Quoted from Methos:

Can Boeing survive the Max and COVID 19?

Quoted from Methos:

It's sad. Trump is just pushing this mass spending to prop up his polls and increase his chance of re-election. And you're right, we'll be long gone but our kids and their kids will suffer because of these short sighted decisions. I guess if you don't have kids, you might not care as much, but for those of us that do, it's depressing.

Quoted from desertT1:

Picked up 100 of ABR today. Can get some more if it drops more but wanted to get that first 100. Expecting to get 30-60 more in the next few weeks.

Quoted from cottonm4:

The rules are being made up as we go along.

Quoted from cottonm4:

Boeing is off $22.00 per share. Now priced at $101.00 per share. 1 month ago it was a $330.00 stock. Now there is talk that the dividends need to go away. If Boeing holds out its hand for some govt. money, I agree the dividend needs to go away.
I wonder just how low can it go?

Quoted from cottonm4:

For anyone in a rush to buy:
If you bought the top in 1998, it was 2007 before you got back to even and that was only for a very short time. And from the 2007 top it was 2013 before you got back to even.
If you want to buy, I think you will have lots of time to find a place to buy. Trying to pick bottoms can be suicide.
[quoted image]

Quoted from DBLM:

And this is why I pulled out. I do not want dead money in the market.

Quoted from PinHigh1:

I bought MAR and USFD + more XOM and GE today. Long 15-20 years timeline.

Quoted from DBLM:

It’s funny, I’m 42 and have a lucrative career. It used to be my ambition to retire in my mid fifty’s with a sum that would allow me to never work again. As I get older, I don’t think that is my plan anymore. 2 years ago I bought my dream house, which was incredibly expensive but a tremendous investment opportunity as it was significantly under valued. I have to pay this off, but I think I should be able to in the next 15 years or so while maintaining my current lifestyle. This is a long way around the horn to say that not only do I need to work for a while, but that I want to work longer. I enjoy what I do and take great pride in my work. My technical counterpart that I worked with for the past 4 years just retired at the age of 76. He has several millions of assets so has not needed to work for a while. However, he loved meeting with clients with me and said that work kept him young. I am meeting more and more people that are telling me similar things. I guess I will see how things play out as I get older but my thoughts on this have really started evolving over the last 6 months or so. Is anybody else having similar thoughts about wanting to work longer?

Quoted from loneacer:

I'm moving away from individual stocks and going more ETFs, but the stocks I still have are mostly aristocrats. They've increased their dividend 25+ (some 50+) years in a row. Some of them are now yielding 7-10%. They'll do anything to keep their aristocrat status, so if you want to gamble you could be setting yourself up for life buying those now.
I worked at Leggett & Platt for 10 years. They are one of those 7% yielding aristocrats. That is their single most important metric. They led every internal quarterly earnings release mentioning it. During the financial crisis, they made corporate departments fire around 10% of employees to keep the earnings going. I'll never forget when our bosses came around to everybody's office and went through their office supplies taking any excess to ration to other employees. If we had more than a couple of pens, they took the rest. Same with paperclips, post-its, etc.

Quoted from Friengineer:

Cruise ships can go straight to hell! Don't care of they go under.
The airlines will get a bailout package. Many of the restaurant owners I talked to won't make it two months shutdown. I think alot of restaurants will go under. Support your local Mom and Pop places!

Quoted from pinballjj:

DOW 1000 , too many reasons to list .

Quoted from Rondogg:

Why does the bounce in the market feel like a false flag?

Quoted from DBLM:

This feels almost like a bull trap to me. People are excited but nothing has fundamentally changed. I missed the timing on Boeing but the others on my list are all still there. Anybody else feel this way?

Quoted from Shapeshifter:

Dead cat bounce?

Quoted from pinlink:

I hope you are right. Like others have mentioned, I too have been waiting on the right time to dump a bunch of money in and feel like I missed my chance.

Quoted from pinlink:

I suck at this. How is EVERYTHING up right now? Thought we would see another plunge today.

Quoted from SantaEatsCheese:

Just put in an order for 1,000 shares of BURG... the parent company of Hooters at $.31 a share (a whoping $300). It is currently at .38$. I am still of the opinion that restaurant stocks are beyond bargain basement prices right now and will rebound in the coming year. If what they say is true and 1/3 of Restaurants go out of business, where are their customers going to go? Yes there may be less customers, but I have a feeling there will be an even smaller supply of restaurants to serve that need.

Quoted from LukyDuck:

I read an article about one of the cruise lines today. They have offered refunds to customers and something like 45% of the customers took credit instead of a refund.
I am leaning towards a lot of humans having a short memory span. Cruise lines and airlines will have some great deals this summer and I believe a lot of people with take those deals. Those with credit with those businesses will be using that credit before it expires. And millennials will take advantage of the cheap fairs.
Now, I am not saying everything will go back to last years levels. But I believe they will have a bunch of people take those deals. Their stocks will recover decently from where they are today.
That’s my prediction!

Quoted from cdnpinballer:

Carnival is trading at a 24 year low now.

Quoted from DBLM:

Seems fair. Only restaurant I have on my list is MCD. I saw on CNBC today that somebody (edit: Jim Chanos) was negative on Dunkin, Wendys, and a few others. Take it with a grain of salt as he is a pretty big short seller.

Quoted from swampfire:

Well let me tell you about my 300 shares of DAL, now down 44% from my entry point at around 40 bucks. I’m holding on because I think Delta will be one of the last airlines standing, but there’s a nonzero chance that ALL of the airlines will reorganize under bankruptcy. Very few international flights for the next 9-18 months, and even domestic is a question mark.
I made the classic mistake of looking at the dividend at saying “hey, I’m happy with just getting 3-4% while I hold this”. Now all of the airlines have cancelled their dividends to raise cash. It’s a cluster.

Quoted from usandthem:

Seems like the market wants to take off like a rocket ship from here on the slightest bit of good news, but needs an atomic bomb to make it fall right now. I'm just trying to figure out who's right regarding the overall economy: It ranges from "full-blown depression" to happy days are here again in 3-4 months. It's hard to know what to do when respected people are so far apart in what they believe the future holds.

Quoted from SantaEatsCheese:

I fall solidly in this corner.
Jumped out on the way down at 22k. Jumped back in at 20k on the way up in the kids college fund and IRAs, jumped in Monday morning with the 401k. I have been burned 1 time in the stock market, and that was back in 2011-2012 betting against the market right before they unleashed "Quantitative easing". When the government starts throwing money around, in general, the market goes up. I think the bottom of the market will be in before the worst of the virus hits... which is coming in the next 30 days here in the USA (me thinks). I'm losing my butt on my speculative single stock plays, but am holding on to them for now. I bought Cracker Barrel at 99, it's at 84.88 after market (it briefly dipped down below 70). I bought Red Robin at 12, it's at 10.60 after hours. It was down below 7 last week but has surged 40% in the past 24 hours. I may keep Cracker Barrel long term, but with stocks fluctuating so much I think the restaraunt stocks are oversold. I will probably dump Red Robin in the next month. I am looking at cruise stocks right now, and think Carnival will not be hit as hard as the other cruise lines. It has been my experience that Carnival Cruisers are generally younger than those of the other lines (they are essentially party boats filled with younger people) and will not be hit as hard. There is a fire sale on them right now. Once I can pull a profit of RRGB (somewhere between 15 and 20 a share) I will probably bail on them and go long on Carnival. With the exception of Red Robin and Six Flags (which I pulled a 30% profit on in 24 hours) I am only buying stocks that I think will recover strongly over the next few years if they don't do well short term.
Please note that I am no stock sage, and the vast majority of my retirement/kids college funds are in mutual funds run by professionals. I am throwing around some of my IRA in individual stocks that I can afford to lose, and believe the slow and steady is the way to win in the long run.

Quoted from Concretehardt:

Well shoot, I bought a little TZA today but had a Dr appointment so I set a trailing stop loss and got bounced out of it while I was at my appointment [quoted image][quoted image]

Quoted from Rondogg:

Or, the news is really bad and the unemployment numbers skyrocket and we hit Dow 30K +-500 by Friday.
At this point, who the fuck knows...

Quoted from sixtyfourbits:

Anyone here have a favorite penny stock they’re taking a gamble on? I’m mostly looking to jump into the market soon with some O&G penny stocks, but am interested in throwing money at other penny stocks for fun if there’s a Somewhat logical reason behind it.

Quoted from Concretehardt:

Agreed, in the days of cheap 70” 4K TV’s and killer sound systems who want to go to the theatre and pay $25.00 for popcorn and a soda.. only to have the back of your seat kicked repeatedly for 2 hours.

Quoted from mcluvin:

I wear an N95 that has the exhale valve (supposed to be more comfortable) and it is still very hot. No way could I wear it for any length of time in 90+ degree high humidity weather. That pretty much rules out Florida from June to October.

Quoted from Happy81724:

We are in the market for a new car and GM has dropped trade ins dramatically plus reduced cash discount offers. We are getting 3k less for our trade from the feb/March value. I have a good friend who owns a Chevy dealership and he is hoping trade values come up in May and better cash offers. The push in payments is nice and zero interest but with I’m ultimately paying 6-7 thousand more than if I traded in feb or March. They need to fix this to get me to buy in May.

Quoted from Concretehardt:

Looks like AMZN shit the bed, was down $160.00 per share after hours... Let see what Apple does here in a few minutes.

Quoted from Concretehardt:

Are you buying GLD ETF or?

Quoted from DBLM:

One slight technique to consider when buying a car. Dealers make more money now on financing than the car itself in a lot of cases. Hence, why you do not get as good as a deal paying cash. I talked with my dealer and asked them the minimum amount of time I would need to finance to get the best price and it turned out to be 3 months, because at that time they get their credit for the finance deal. Verify that the amount of discount you get for financing this minimum amount of time is greater than the interest that you would pay for the same amount of time and there you go. At the end of the 3 months, you just pay off your note. I have bought my last 3-4 cars this way with great success and great savings. These were all in the 40-50K range, so it might not be as applicable in the lower dollar amounts.

Quoted from mcluvin:

I've never seen it on any of my loans, but Toyota Finance put a prepayment penalty (I think it was for 1 year) on my in-laws' loan a few years ago. This was in Florida.

Quoted from Concretehardt:

Stock market drops 30% and Chipotle goes up 30%.. I don’t get it! Chipotle is food is over rated IMHO

Quoted from pinnyheadhead:

I missed buying in before Monday but bought some beaten down stocks yesterday and this morning - DIS, EPD, JPM and ESNT. Will add some more over time.

Quoted from cottonm4:

As the stock market barrels on, people's rents are coming due.
https://www.cnn.com/2020/05/20/success/rent-housing-crisis-coronavirus-covid-19/index.html
"The couple have about 30 tenants, and "half of them are either laid off or furloughed or in some state of employment limbo," he said. "How long can it last? I have no idea what to expect."


"If rental income isn't coming in for landlords, Schuetz explained, they can't pay their mortgages. But it's not just that. They also won't be able to afford the property taxes that fund local governments, including things like public health programs."
The coronavirus has "just drawn attention to problems that existed already," Schuetz said. "But hopefully this will also make middle-income voters a little more conscious that we all suffer when we have people who are unhoused or unstably housed."

Quoted from iceman44:

Post 2008 REITS rallied 300% over the next 2 years. Buying a handful now. STOR, MPW, FRT, BRX, IRM, BAM. There are 24 positions in my Core REIT model.
As for “buying stock”. I’m just giving you guys some of my own ideas fwiw
I manage about $600 million of client assets. That's my business. I also own real estate which is a bad investment by comparison. Terrible actually!
But when I can make +100% returns since April 2nd in stocks like TTD, TWLO, SHOP and a few others
Mix in MELI, OKTA, SE, AYX, ZM, TDOC, MGB
And AAPL, AMZN, GOOGL etc
Read my commentary and take it for what it’s worth.
I’ve crushed it for myself and my clients
Just bought some CCL for myself. "in the ditch" that's coming back

Quoted from Oaken:

My glib response whenever anyone asks me about anything having to do with crypto is “I have some tulips to sell you if you are interested.”

Quoted from DBLM:

I went in pretty hard yesterday on oil stocks that were in the ditch OXY, SLB, HAL as well as financials with JPM and COF. I also bought MGM with the casinos opening today. This adds to my LVS and CNTY.

Quoted from Oaken:

My glib response whenever anyone asks me about anything having to do with crypto is “I have some tulips to sell you if you are interested.”

Quoted from Shapeshifter:

Unbelievable.
Just defies all rational logic.
Do markets go down any more?
Ride it hard until it turns.

Quoted from PismoArcade:

Can someone please talk me off the ledge....
Because of all the market uncertainty and the fact that I thought the jobs report was going to be a bust, we cashed out most of our 401k yesterday. We were tired of worrying that the market was going to plummet again and wanted our money to be safe.
Woke up this morning and so want a do over.

Quoted from iceman44:

Well money is moving today from "the ditch" to tech growth again. Apple all time high, TTD, SE etc. etc.
I bought more MAC today, my total position is now 50,411 shares for disclosure purposes.
Also initiated a new position in LVGO for myself and some clients on the breakout and long term prospects. Been watching it as it hit both Fool and Data Driven Screens. Think about where personalized medicine, AI etc. is going and the TAM.
I got swamped with "newsletter requests". I'll get the rest of you guys popped in there fwiw. You can always unsubscribe.
Still playing the "re-opening" thesis. Every day, every week, the news gets better and the traffic comes back.
Flying on a full plane to Phoenix tomorrow and will be visiting the Scottsdale Fashion Mall, a MAC property.
My daughter works at Vanguard as a CFP and going out to visit.

Quoted from Concretehardt:

Wow DIS is getting hammered down over 7%

Quoted from boscokid:

Your MAC position sounds very similar to the Bitcoin pumpers in another tread. Do you have solid logic to backup your pick? I see so many people in this thread that base their positions on: Random Stock A was xxx yesterday ; therefore it must be worth yyy today.
Seems to me that carrying high level of debt ,with renters that aren't making any money seems precarious at best.

Quoted from DBLM:

A few ideas for you guys:
Just bought 2,250 shares of Slack (WORK) and 2,000 shares of Zynerba Pharmaceuticals (ZYNE), and put in some pretty heavy GTC's on my big tech favorites. Beginning to look at long term positioning. ZYNE is highly speculative but there is a lot of call volume based upon where they are in their testing for a drug for Fragile X Syndrome.
For those playing along at home, my stock positions are BA, CNTY, LVS, MGM, COST, SBUX, RTX, ROKU, REGN, JPM, and COF.
Good luck, all.

Quoted from DBLM:

Did anybody follow me with Slack and Zynerba? I’m liking what I am seeing. Roku looking strong again today as well.

Quoted from DBLM:

Nice hit there! I am in at $107. It's a small position at 200 shares, but profit is profit. Lot of rumors swirling about ROKU so we will see if any of them are true.

Quoted from iceman44:

5% plus day for me overall CRWD +7.64%, FSLY +9.88%, SE +10.24%, PINS +4.45%, DOCU +4.35%, LVGO +3.22 to name a few.
"in the ditch" bounced off a bottom? Allocating more funds there in stages starting today and going forward the next 3-6 months. That means MAC, CCL, SRC, STOR etc.
Sold some MAC in taxable account (1/2 of total) on 6/18 to buy DOCU at $161. Took the loss for tax purposes and will load back in post 31 days from sale to meet "wash rules". Still sitting on MAC loss in SEP IRA. Just a matter of time.
Thanks St. Louis Fed chair for your comments! I love the FED! Lol

Quoted from noob-a-tron:

Thoughts on Silver looking to make a move?

Quoted from jester523:

What do you guys think is a better use of extra cash right now? Pay down debt (low interest mortgage), invest, or hold cash for market dip crash. Part of me hates debt, but the rate is so low (3.875) does it make sense?

Quoted from DBLM:

Took my 25% gain in COMM today and rolled it into RKT. Anybody else buy this today? It's a small position (1,500 shares), but one that I am just going to sit on. With the volume of mortgages they handle and where they are going, I see tremendous upside.
For those playing along at home I bought V and REGN today as well.
Got to stick and move...

Quoted from iceman44:

All momentum got taken out to the woodshed
Rotation into the ditch

Quoted from pinnyheadhead:

Good job in on getting RKT at $18. How did you get in so early?
I added a second position of FVRR this past a Monday at $112. I am a buy and hold guy though and will be on this one to see how it goes. And yeah been quiet around here.

Quoted from iceman44:

It’s already made a huge run
I would temper expectations.
Look at Amazon pre split
Or PINS

Quoted from iceman44:

I put it in my commentary email last week.
Sorry but i had to cut that off to people i don't know because of one jackass on here.
And I can't post it here because it would get moderated of course.

Quoted from BobSacamano:

I've always wondered what the "worth" of a stock is that doesn't pay dividends now or never really plans on paying them.
You're basically just speculating that someone down the line is going to pay more for your pin than when you bought it. You're not really using the coin mechs on the machine...
https://money.stackexchange.com/questions/51976/if-a-stock-doesnt-pay-dividends-then-why-is-the-stock-worth-anything

Quoted from athenspin:

I’m looking to build out a portfolio with some strong companies that pay good quarterly dividends that aren’t in danger of being cut. I have some decent ones including Apple, Qualcomm, IBM, and Corning glass. Any recommendations that don’t focus on tech? I’m trying to diversify.

Quoted from iceman44:

Very interesting. Actually makes $$ . 2.5 times Sales?
https://seekingalpha.com/article/4353417-gravitys-new-games-be-catalyst-for-stock-price

Quoted from flashinstinct:

Hi guy really new to trading. What do you guys do when markets crash...keep the stocks you have and just buy more on sale or take stocks out and wait for the crash to happen and then buy? I'm debating on the right approach.
Got caught up in NNOX...bought some shares at $18 and then $52 just to watch everything crash. I thought I had done some due diligence by looking into the board of directors and who they were. I'm still holding the shares.
I have diversified in roughly 15 stocks. Don't want to stretch myself too thin.

Quoted from DBLM:

Keep in mind that Roth IRA's have income limits. Based upon income you may or may not be able to participate.[quoted image]

Quoted from DBLM:

Yeah, but you get taxed at the rate of your traditional IRA's. I have been rolling my 401k's from various companies into my IRA so the tax consequences would be large for me.

Quoted from Kkuoppamaki:

Has anyone looked into IIPR, a REIT focusing on pot facilities? My gut tells me that anything to do with that industry is a gamble, but as it gets more widely legalized there must be an upside that might materialize in the future driving the price up.

Quoted from DBLM:

Anybody else still playing RKT? It is on fire right now!

Quoted from SantaEatsCheese:

Non political statement. The president just tested positive for COVID-19. Me thinks stocks relying on an early reopening are going to have a bad day today. What stocks do you think will be on sale or we be on sale today. I heard that after the JFK assassination it took 2 days for the market to recover so this may be but a brief setback for the market.

Quoted from loneacer:

I agree. I'd put Pins on par with Craigslist. It looks like some lame website someone created in their garage in the 90s. I hate when I'm doing a google search, click on a result, and end up on Pinterest. I'm baffled by their valuation.

Quoted from loneacer:

I know who uses it and what for. It doesn't need to exist. So many companies now are nothing more than advertisers, they don't make anything of value, they're just middlemen taking a cut. Hell, I have a website that makes thousands a month in ebay referrals. It's serving no purpose other than taking money out of ebay's pocket and putting it in mine.
Maybe I should have an IPO

Quoted from loneacer:

They just copied the corkboard concept that MySpace had first, and we know how that turned out.

Quoted from DBLM:

Disagree on the boat loan in one particular case. If the boat has a bed, head, and galley, it can be considered a second home for tax purposes, based upon usage. This can be very beneficial.

Quoted from Fieldsweeper:

I too disagree. It depends on interest. If you are borrowing at less than you are earning then you are better off investing the money you saved when taking the loans money.
If you are earning 7-8% a YOY ROI then borrowing at less than that is pure profit. NOW I will say a down payment is never worth it most of the time. Even for a house except most have to. I had a VA loan so I took the down payment and used it to start my investing. Make 8% on money I would have spent on a 3% loan. That is just a waste if I spent it on a down payment.
The only time you should borrow is when you can use the cash to make more than its costing you to borrow. However I would never borrow money strictly for trading as that's a risk obviously BUT theoretically you could. I mean if you could get a HELOC for 2.5% for a decent amount I WOULD totally do that for a large amount and put it in a decent investment spread. But that is just me lol.

Quoted from DBLM:

I think it depends on the boat and cost. For a jon boat no way in hell. On a quarter of a million dollar cabin cruiser, absolutely. Boats of certain categories can be incredibly expensive, and with the shortage of boats right now there are not a lot of options.
Shit, my two neighbors across the creek have a Hinkley each. Those are 7 figure boats to start. I doubt they own them outright but who knows.

Quoted from DBLM:

Hey bmore-pinball, have you looked on Boat Trader? I think you said you were looking at Trophy. Here are some Trophy fishing boats around in the area. Have no idea how much a new Trophy is.
https://www.boattrader.com/boats/make-trophy/zip-21401/sort-length:desc/