We’re moving the stop up on SPY (total position) to $242.95. We believe the markets will likely see an ABC type pattern play out in the coming days/weeks. Psychologically these moves won’t necessarily make sense. The typical trader at home watching CNBC all day will have been long as the market crashed, believing that surely this was all overdone, and stocks are too cheap. Then near the bottom of the move they will panic sell. … read more Trade Update
Sold the remaining 1/2 of our F position at $5.62 With the dividend cancelled and debt downgraded, we can’t continue to hold this in a dividend account.
Sold 1/2 of our F position at $5.62 We will be looking for an exit on the remaining 1/2 as well. A few days ago Ford suspended it’s dividend for the first time in a decade, so it no longer belongs in a dividend account.
Bought 20% more SPY @ $239.28 Stop @ $216.80 Target @ $292.20 We are purchasing more SPY (S&P 500 etf) here, not necessaily with the belief that the market’s lows are in, but that a short-term bottom is. Markets don’t generally go down in a straight line. A bounce equaling about 50% of the initial drop would be very in line with historical patterns. It’s at that point that retail traders then start to fear … read more Trade Alert
Bought 10% of AY @ $20.12 AY is a renewable energy company with contracted assets all over the world. Their focus is towards returning profits via dividends, which they raise just about every quarter. Current yield is over 8%. Additionally, the stock is working hard to hold the current uptrend here.
Dividend Portfolio Trade Alert: Bought 5% LEO @ $6.47 Again, we will continue to build up the dividend portfolio as the days go by. We will likely end up with some stocks near the lows, some in the middle, and some up high. We believe that we’ll be in a good place, with strong dividend yields when the bottom is eventuallly made in this market. LEO is a municipal bond fund that has paid it’s … read more Dividend Portfolio Trade Alert
Dividend Portfolio Trade Alert: Bought 5% NTR @ $26.50 We will continue to build up the dividend portfolio as the days go by. We will likely end up with some stocks near the lows, some in the middle, and some up high. We believe that we’ll be in a good place, with strong dividend yields when the bottom is eventuallly made in this market. NTR’s book value is in the $40s.
We’re going to begin dipping back into the market here by buying SPY (S&P 500 etf) Bought 20% SPY @ $241.60 This is 30% off of the market’s highs, and while we feel that the market could still have more downside shocks, we want to be back in the market without worrying about picking the exact bottom. By buying 20% here we’ll leave ourselves plenty of cash to purchase more if the market does indeed … read more Trade Alert
Hello Wanderers, We just wanted to check in and make sure everyone is doing okay. First, we’re thinking about your individual health, and next, we are thinking about the health of your portfolio. This is an unprecedented time, and we are watching it unfold in real-time. If you have any questions, please feel free to contact us. We realize that many of you have retirement accounts that you were unable to liquidate, and now you … read more Market Update
Bought 15% SLV @ $12.05 Stop @ $11.55 Target @ $13.50 The metals have really been beaten down lately, with silver taking the brunt of it. After making new lows yesterday, it tested them again this morning and is now rallying very hard off of those lows. We may catch some momentum here as silver goes green on the day.