TomB16 investing blog

Discussion in 'Investing' started by TomB16, Aug 7, 2019.

  1. Marvan

    Marvan Active Member

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    Hey Tom,

    Have you considered the Companys who fabricate the machines to make the chips?

    ASML is the world leader at present and make and should make huge profits.

    Press releases | ASML - Supplying the semiconductor industry
     
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  2. TomB16

    TomB16 Well-Known Member

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    Yes. I've done some investigation but I don't know enough about the industry to buy into it.

    It looks like the folks who understand the industry have a great opportunity to profit from the current situation. :thumbsup:
     
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  3. Marvan

    Marvan Active Member

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    Same here but I own some of them indirectly via some holdingcompanys.
     
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  4. TomB16

    TomB16 Well-Known Member

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    It's been a long time since we've had a day that was not positive. Even at that, they are nearly always flat or *just barely* negative.

    Today we took a hit: 0.9% negative.

    I think it takes some years of experience to gain comfort through both the ups a downs. This fluctuation cost us $0. Most of the gains improve our lifestyle by $0.

    What matters is, we have good companies, strong income, and we are beating inflation.

    I really hold this philosophy deeply. It isn't just a way to talk myself out of doing something foolish. I'd be OK holding our companies through a 50% crash. No problem. In fact, I'd buy more on the way down.
     
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  5. TomB16

    TomB16 Well-Known Member

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    Today's close brings a 1.3% gain and new ATH.

    This is ridiculous.
     
  6. TomB16

    TomB16 Well-Known Member

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    WBI = 203.8

    We closed the week just under the ATH we hit on Wednesday.
     
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  7. TomB16

    TomB16 Well-Known Member

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    WBI = 202.9

    The fall is usually a good time to buy stock. It can be a time of heightened volatility. It proceeds October to December which is typically a time of strong gains.

    Our companies have been volatile but not quite volatile enough to trigger our limit buy orders. So, we have bought nothing in the last week.

    One of our core companies is down while the other two are up a smidgen. The result is a flat week.

    The company that is down briefly dipped $0.01 below my limit buy order on Thursday but my order did not fill.

    I don't chase anything, at times like this. I keep implementing my process as designed.

    Our near cash is currently at 22%. This is a comfortable level. If the cash goes below or above our target window, I will adjust my process. I will not adjust due to external influences.
     
    #707 TomB16, Sep 18, 2021 at 2:27 PM
    Last edited: Sep 18, 2021 at 9:04 PM
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  8. TomB16

    TomB16 Well-Known Member

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    One of my long term buy orders filled, this morning. Another got very close but that company bounced up a wee bit.

    So far, this has been a good day. :)
     

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