TomB16 investing blog

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

  1. TomB16

    TomB16 Well-Known Member

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    How do you define "quality companies"? Does this have anything to do with corporate governance or operational efficiency? Or, are you referring to how a stock behaves in the market?
     
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  2. Spud

    Spud Active Member

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    AAPL,TSLA,etc. Are quality stocks.
    AMC,GME,etc. Are NOT quality stocks.
     
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  3. TomB16

    TomB16 Well-Known Member

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    We just hit a new low for 2022. My only outstanding buy order is now 21% below the current ask.

    Our cash level is 21.5% and building. It will be over 30% by year end, once a non-market transaction closes.

    I see plenty more red ink in the future. No plans to sell anything. I continue to hold for the long term, as usual (tm of WXYZ).
     
    #943 TomB16, Sep 20, 2022
    Last edited: Sep 20, 2022
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  4. TomB16

    TomB16 Well-Known Member

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    A lot of our cash was deployed, yesterday. I wish I had put even more into the market but I have less courage in post retirement.

    We are back down to 11% cash, from 23%.

    I've been trying to be more aggressive and revert to something similar to pre-retirement investing style but that is easier said than done. This morning, I cut more buy orders but the market has recovered significantly and those orders are not going to fill.

    Things aren't entirely clear but, at this point, I believe my investing style is going to revert to very similar to pre-retirement but with a minimum 4 years of austerity level cash sequestered for insurance.
     
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  5. Spud

    Spud Active Member

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    I took a small bite of F at 12.04 earlier. I think I'll be okay. Ford is decent.
     
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  6. TomB16

    TomB16 Well-Known Member

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    I'm working on the month end numbers and we are down 7.1% from our February ATH. This is well below previous 2022 lows.
     
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