TomB16 investing blog

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

  1. WXYZ

    WXYZ Well-Known Member

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    VERY smart plan since you are heading to retirement.
     
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  2. TomB16

    TomB16 Well-Known Member

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    Yesterday, another investing web site sent a note to all of their members, looking for people to provide market commentary. I'm sure others here received it, as well.

    Imagine, if you will, if I were to get the job. :D

    "Blomberg just published an article indicating <bloomberg noise>. This is a clear indication Bloomberg is looking at a hole in the ground and assumes it is their own rectum."

    "Considering today's market factors, I strongly recommend doing nothing for the 700th day in a row."

    "Today will be my last day as a contributor because repackaging bullshit as 'news' is not all that fulfilling."
     
    #742 TomB16, Nov 17, 2021
    Last edited: Nov 17, 2021
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  3. WXYZ

    WXYZ Well-Known Member

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    No whatever site it was.....I am not on it.....the ONLY site I follow or post on is STOCKAHOLICS.
     
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  4. TomB16

    TomB16 Well-Known Member

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    The last IPO I participated in was a few months ago. I happened to be sitting at the computer when the email for a new convertible bond issue came in. Knowing I had extremely limited time, I placed an expression of interest within 15 minutes of receiving the notification email. The issue was closed within an hour of being released. This is how bond IPOs have gone for the last few years.

    Earlier this week, I sold those bonds at a nice profit.

    Yesterday featured three more convertible bond issues. The rates vary between 5.0 and 6.25%. One was for a company I know and somewhat like, but not well enough to carry their bonds.

    Today, I was surprised to see all three issues are still open.

    The bonds I purchased a few months ago were good quality junk. That's where I like to live. The bonds that went on sale yesterday were medium quality junk, by my assessment. It would seem that my view on corporate bonds is aligned with other investors.

    This revelation has me reconsidering my position. Perhaps there is a way to arbitrage this situation.
     
  5. TomB16

    TomB16 Well-Known Member

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    Is this a web site or a fraternity?

    I used to check a few sites, from time to time, but basically stopped out of laziness. I've discovered that, reading some sites makes me less informed than if I don't read them.
     
  6. WXYZ

    WXYZ Well-Known Member

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    I dont have time to follow a bunch of investing social media.....so I limit myself to this site and my daily reading. In a way it is a fraternity.....a group of people with a common interest that enjoy interacting with each other and the comradery. Nothing wrong with that.

    I can crunch data all day long by myself....or do stock research.....but....this place gives me a chance to express my thoughts and views. So....I use it as an investing BLOG......not hard core investing advice. No one should be taking specific investing advice from the internet anyway. For me Stockaholics.....is one of the few places that I can put up thoughts or opinions or discussion about investing and business......since I avoid all that sort of discussion in my daily life.
     
    #746 WXYZ, Nov 18, 2021
    Last edited: Nov 18, 2021
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  7. Marvan

    Marvan Active Member

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    I follow this site because I like to learn how Americans see the investing world ....and they surprise me all the time.

    Nothing wrong with that ....
     
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  8. TomB16

    TomB16 Well-Known Member

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    Well said, brother W. :cool2:


    There is only one other investing site I've been to in the last year and I think I've made 3 posts in the last 5 years. It has some good Canadian tax information so I have referred to it occasionally. I don't hang out here exclusively out of loyalty. I hang out here out of laziness; everything I need is here and I don't have much time to even post here.
     
  9. TomB16

    TomB16 Well-Known Member

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    For those who enjoy random numbers, the WBI is currently 210.
     
  10. TomB16

    TomB16 Well-Known Member

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    I understand Raspberry Pi Trading plans to IPO for $500m in the spring of 2022.

    This is interesting in several ways. Not the least of which, is the realization we live in an era where a very small team that markets rPi variants can be valued at a half billion.

    Raspberry Pi Trading is distinct from the Raspberry Pi Foundation.
     
  11. TomB16

    TomB16 Well-Known Member

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    Boeing now has potential structural problems with the carbon fiber wings and fuselage of the 787. Production has been "reduced".

    In a surprise to morons, Boeing has been resisting the FAA as strongly as possible on these potentially fatal issues.

    The specific problem started as PTFE contamination of the carbon fiber composite wings made by Mitsubishi. This has expanded to PTFE contamination of all components from other suppliers and Boeing themselves. This latest problem has reduced Boeing's ability to push back on a door issue that involves the opening being too large and the FAA pushing Boeing to prove these openings still meet the design requirements.

    It appears to me that Boeing is plagued with management and culture issues. Getting rid of this management team is an excellent idea but it is extremely likely the incoming group of folks will be just as incompetent. Very few companies have been able to turn around this level of corruption but it has happened so there is always hope.
     
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  12. TomB16

    TomB16 Well-Known Member

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    Now that omicron is here in North America, I expect it to have significant market impact.

    [Edit: significant meaning noticable benefit to some sectors and detriment to others, not a major crash. A major crash would not surprise anyone but I doubt it will be caused by omicron.]
     
    #752 TomB16, Nov 29, 2021
    Last edited: Nov 29, 2021
  13. TomB16

    TomB16 Well-Known Member

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    Oil may be a good bet, right now. The omicron scare is going to cause oil to plummet. We don't know much about omicron, except that it is the most highly transmissible variant, yet. If omicron turns out to be manageable, oil will bounce back strong.

    The trick will be to wait until the upside is stronger than the downside. Oddly, my go to oil stock gained 10% today. Lol.
     
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  14. TomB16

    TomB16 Well-Known Member

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    We've been out of town for a few days. Yesterday, just before boarding an aircraft, I received an email indicating a long term buy order had filled. It was the first level market correction trigger. This particular stock was way down, for no reason that I understand.

    This morning, everything in my portfolio was soaring, particularly the new purchase. I was surfing a wave of money and feeling the glory.

    By end of trading, everything is red except two stocks. One of the gains is the new purchase but it isn't up nearly as much as it was in the late morning. It's now just a small up tick in a portfolio of down ticks. Over all, I'm down 0.3%. Not bad, considering.

    The reason I post this is to contrast the emotional roller coaster of a volatile market with the calculated, long term, value buy orders that long term investors might use. Nothing that happened has changed my approach.

    I still have a lot of cash. I'm still holding way more than three years of retirement funding to mitigate sequence of return risk that is most damaging at the outset of retirement.
     
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