Author Topic: The stock market  (Read 472 times)

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Offline Yachter Yat

The stock market
« on: February 08, 2018, 12:42:14 PM »
   Anybody following the market?   Yes......we're all hemorrhaging money.  Nevertheless, keep an eye out for the low. Buying time has a way of sneaking-up on you.  I'm going for the dividend paying REITS. 

Yat
Dear Arima:  Stretch the Hunter platform by 5. Next, stretch the Explorer by 9 and steal 2 or 3 from the cabin.  Please hurry, I'm getting old.

16 SC/Honda 60

Offline Mooch

Re: The stock market
« Reply #1 on: February 08, 2018, 01:33:24 PM »
Anybody following the market?

I'd rather be fishing in da Nile.
« Last Edit: February 08, 2018, 02:17:13 PM by Mooch »
2006 Sea Ranger Skip 21, Honda 150, Honda 9.9

Offline Yachter Yat

Re: The stock market
« Reply #2 on: February 08, 2018, 01:37:47 PM »
   Aaah..........okay!

Yat
Dear Arima:  Stretch the Hunter platform by 5. Next, stretch the Explorer by 9 and steal 2 or 3 from the cabin.  Please hurry, I'm getting old.

16 SC/Honda 60

Offline Wiley

Re: The stock market
« Reply #3 on: February 08, 2018, 07:51:23 PM »
Dunno about back east but out west in ca. We’re building like there’s no tomorrow. Trouble is commercial vacancy rate also appears to be climbing. Scares the heck out of me. Lost everything in last “ Great Recession “  hope those reits pay off for ya.
96 sea explorer 15'-11" new 90 etec named (wutz wuzn cuzn)
10' Don Hill Pram
 Respectfully, Build, Buy, Be American

Offline Croaker Stroker

Re: The stock market
« Reply #4 on: February 09, 2018, 12:22:42 AM »

The market is going back up in after hours. Time to buy more. The day traders are probably making a fortune.
1987 - 17' Sea Pacer - 2004 Evinrude 90 E-tec
15' Sea Sprinter - **SOLD**

"If a fish will, he will… if he won't, he won't… and that's about it… except… he may take this when he won't take that."

Offline Yachter Yat

Re: The stock market
« Reply #5 on: February 09, 2018, 05:59:24 AM »
   I happen to have a couple of REITS that focus mostly on Health care real estate.  Some acute care stuff along with long term elderly facilities.  They do consistently well in terms of dividends.  (I guess people are going to continue to get old)  Now, I don't know about out West, but here in the East, there's a waiting list for most elderly people trying to get in to these facilities.  Remember, with these classes of securities, you don't want to just look at the market value of the stock; they've taken a hit recently, just like everybody else.  Instead, pay attention on their enterprise value.  Keep in mind, some of these REITS can have enterprise values twice (or more) that of their market values.  That's real brick and mortar stuff they happen to own that never goes down.  Granted, some venture started by two college flunkies on a laptop in a basement might prove to be profitable.....but it's risky.  The way I see it is; the older you get, the more important it becomes to go for the solid stuff. 

Yat

BTW, if your older, and in mutual funds............you shouldn't be.   Take a hard look at dividend yielding ETFs.




   
« Last Edit: February 09, 2018, 09:01:58 AM by Yachter Yat »
Dear Arima:  Stretch the Hunter platform by 5. Next, stretch the Explorer by 9 and steal 2 or 3 from the cabin.  Please hurry, I'm getting old.

16 SC/Honda 60

Offline Rokefin

Re: The stock market
« Reply #6 on: February 09, 2018, 08:55:03 AM »
Don't forget the real long shot - lottery :facepalm:
1989 17ft Arima Sea Chaser 2010 115 Yamaha 1995 9.9 Yamaha kicker - Bodega mostly

Offline Yachter Yat

Re: The stock market
« Reply #7 on: February 09, 2018, 09:06:01 AM »
     That's pretty funny.  You'd have a better chance wishing upon a star.  :jester: 

Yat
Dear Arima:  Stretch the Hunter platform by 5. Next, stretch the Explorer by 9 and steal 2 or 3 from the cabin.  Please hurry, I'm getting old.

16 SC/Honda 60

Offline Markshoreline

Re: The stock market
« Reply #8 on: February 09, 2018, 10:08:03 AM »
Reid’s are a good component to a diversified portfolio.  Interesting ideas, Yat.  Also, buy on the dips.
2002 Sea Ranger HT 21, Yamaha 150, Yamaha 9.9

Offline Croaker Stroker

Re: The stock market
« Reply #9 on: February 09, 2018, 11:30:59 AM »

The market is going back up in after hours. Time to buy more. The day traders are probably making a fortune.


Too late.    :jester:
1987 - 17' Sea Pacer - 2004 Evinrude 90 E-tec
15' Sea Sprinter - **SOLD**

"If a fish will, he will… if he won't, he won't… and that's about it… except… he may take this when he won't take that."

Offline Yachter Yat

Re: The stock market
« Reply #10 on: February 09, 2018, 11:45:13 AM »
   "Diversified" is right, Mark.  That's the key word we should always keep in mind when investing.  "Strategy" is another.  Part of that strategy should be to know when to shift your investments as you age.  I've always maintained that, investing in a "start-up" company with a "bright future" (that pays "0" dividends) at the age of 64 might not be a good idea.  What good would that do you when your 6 feet under and your heirs discover that boatload of stock you purchased for 2 bucks a share is now worth 200?  High dividend yield in old age can make life a lot nicer.  In addition to that, it can also serve to offset the amount of capital you have to cash-in, in order to live, as well.

Yat
Dear Arima:  Stretch the Hunter platform by 5. Next, stretch the Explorer by 9 and steal 2 or 3 from the cabin.  Please hurry, I'm getting old.

16 SC/Honda 60

Offline Croaker Stroker

Re: The stock market
« Reply #11 on: February 09, 2018, 11:49:59 AM »

Croaker Stroker’s stock tip of the day....

“Don’t buy stocks with more money than you can afford to loose.”

1987 - 17' Sea Pacer - 2004 Evinrude 90 E-tec
15' Sea Sprinter - **SOLD**

"If a fish will, he will… if he won't, he won't… and that's about it… except… he may take this when he won't take that."

Offline Yachter Yat

Re: The stock market
« Reply #12 on: February 09, 2018, 11:53:10 AM »
   Croaker, I'm not sure I know what you mean.  If your saying you have nothing to invest; that's one thing.  If, on the other hand, you have securities that are....say, "growth stocks", then that's another.  If it's the latter, and you are quite elderly, I'd say, get out, and get into some bond ETF funds or REITs and start realizing a little income. 

Yat
Dear Arima:  Stretch the Hunter platform by 5. Next, stretch the Explorer by 9 and steal 2 or 3 from the cabin.  Please hurry, I'm getting old.

16 SC/Honda 60

Offline Croaker Stroker

Re: The stock market
« Reply #13 on: February 09, 2018, 12:11:01 PM »

I’m just saying that any investment in the stock market is a gamble. Don’t bet the farm.

Pay off your home....put 80% of your cash in the bank. Gamble the rest.
1987 - 17' Sea Pacer - 2004 Evinrude 90 E-tec
15' Sea Sprinter - **SOLD**

"If a fish will, he will… if he won't, he won't… and that's about it… except… he may take this when he won't take that."

Offline pgbrown

Re: The stock market
« Reply #14 on: February 09, 2018, 12:19:47 PM »
My 2 footitis is currently on hold.
2014 17' Sea Ranger
90 hp Honda
9.9 hp Honda

Offline Yachter Yat

Re: The stock market
« Reply #15 on: February 09, 2018, 12:20:58 PM »
   Croaker........WHAAAT?  80% of your cash in the bank?  Are you kidding? Don't ever do that!  If your the kind that messes your pants about investing, then look at stocks like AT&T.  It pays $2.00 a share per year, and right now it's little down (like everything else) so you can pick-it-up for about $35.  In case your bad at math..........2 divided by 35 is about 5.7% per year.  Compare that with your bank rates.  AT&T?  You almost can't get any more "blue chip". 

Yat
« Last Edit: February 09, 2018, 12:24:37 PM by Yachter Yat »
Dear Arima:  Stretch the Hunter platform by 5. Next, stretch the Explorer by 9 and steal 2 or 3 from the cabin.  Please hurry, I'm getting old.

16 SC/Honda 60

Online Threeweight

Re: The stock market
« Reply #16 on: February 09, 2018, 02:49:12 PM »
The flip side is that for average Joes, the market tanking at the same time you need your 401k for retirement, or a catastrophic illness, is financially devastating.  A lot of people got hosed the last time the Wall Street/big bank bubble burst, and will now be working into their 70's instead of retiring with a nest egg. 

We have had 9 years of economic growth (albeit with stagnant wages), and now we have a ballooning federal deficit and raging dumpster fire of a federal government, casting doubt on the strength of US bonds and the dollar, and a lot of global instability to boot.  We are overdue for a major correction, and I don't think we've had it yet.

I'd play it safe on the stock market for a while, and look for investments more likely to survive a downturn. 
« Last Edit: February 09, 2018, 02:53:32 PM by Threeweight »
Former Sea Chaser 17 owner
Wild Card, Hewescraft Ocean Pro 220, Honda 225 and 9.9

“Never turn your back on fear. It should always be in front of you, like a thing that might have to be killed.”
       --- Hunter S. Thompson

Offline Yachter Yat

Re: The stock market
« Reply #17 on: February 09, 2018, 02:57:56 PM »
   With the threat of interest rates rising, you'll see the bond market begin to spike.  That said, not much survives in a true crash.  When investing for yield (as you should be doing in old age), be sure to research that dividend history.  In that respect, the payouts of stocks like AT&T have weathered quite well

Yat.
Dear Arima:  Stretch the Hunter platform by 5. Next, stretch the Explorer by 9 and steal 2 or 3 from the cabin.  Please hurry, I'm getting old.

16 SC/Honda 60

Offline Croaker Stroker

Re: The stock market
« Reply #18 on: February 09, 2018, 05:03:12 PM »
   Croaker........WHAAAT?  80% of your cash in the bank?  Are you kidding? Don't ever do that!  If your the kind that messes your pants about investing, then look at stocks like AT&T.  It pays $2.00 a share per year, and right now it's little down (like everything else) so you can pick-it-up for about $35.  In case your bad at math..........2 divided by 35 is about 5.7% per year.  Compare that with your bank rates.  AT&T?  You almost can't get any more "blue chip". 

Yat

I mess my pants when I loose money.  5.7% is a good yield, but not good enough to make up for the stock price drop of 20% ??
1987 - 17' Sea Pacer - 2004 Evinrude 90 E-tec
15' Sea Sprinter - **SOLD**

"If a fish will, he will… if he won't, he won't… and that's about it… except… he may take this when he won't take that."

Offline Tj805

Re: The stock market
« Reply #19 on: February 09, 2018, 06:44:59 PM »
An old cowboy showed me how to double my money.

Right before your about to buy something cool and great that you absolutely need.

Fold the money over and stick it back in your pocket.
1987 sea ranger 17
90 hp yamaha precision blend
2014 yamaha f8

Offline Yachter Yat

Re: The stock market
« Reply #20 on: February 10, 2018, 07:37:12 AM »
   Let's see if I can help. Okay......... the "old cowboy" leaves the money in his back pocket?  Here's what happens:  Years later he's an "older cowboy" with much less money in his back pocket.  LESS MONEY, you ask?   Yes!.......It's called "DEflation" by way of "INflation".

   Meanwhile, a man known to many as "Yat", removes money from his pocket and invests in........you guessed it......dividend securities.  Although he doesn't ride a horse........he does drive a "Beetle".  Years later he goes from that "Beetle".........to a "Mercedes". 

   I just love stories with happy endings.

Yat
Dear Arima:  Stretch the Hunter platform by 5. Next, stretch the Explorer by 9 and steal 2 or 3 from the cabin.  Please hurry, I'm getting old.

16 SC/Honda 60

Offline headduck

Re: The stock market
« Reply #21 on: February 10, 2018, 07:48:37 AM »
I like happy endings too... :cha:

Thanks for the insight Yat.
1987 17' Sea Ranger 2015 Mercury 115 2012 Evinrude 9.8

Offline Fisherdv

Re: The stock market
« Reply #22 on: February 10, 2018, 07:51:27 AM »
Yat, I think I need to set up a “free” consultation with you to go over my future retirement strategies and goals. :shrug9: :jester: You sold me with that “beetle to Benz” line  :jester: Oh, not to mention all that land :jester:
2018, 16 ft Arima Sea Chaser, Honda 60HP

Offline Fisherdv

Re: The stock market
« Reply #23 on: February 10, 2018, 08:04:23 AM »
An old cowboy showed me how to double my money.

Right before your about to buy something cool and great that you absolutely need.

Fold the money over and stick it back in your pocket.
I guess that cowboy never owned a boat :shrug9:
2018, 16 ft Arima Sea Chaser, Honda 60HP

Offline Markshoreline

Re: The stock market
« Reply #24 on: February 10, 2018, 08:27:24 AM »
Back in the day many companies provided a retirement plan which coupled with Social Security could lead to a comfortable retirement.  However, many employers have dropped costly retirement plans in favor of a match for employee contributions into a plan such as Fidelity offers.  It's a pretty easy way for working guys to develop a sizable retirement, especially if you start early so your money has years to grow.  You can also contribute to your own retirement plan (such as a Roth IRA) in addition to the one sponsored by your employer.
2002 Sea Ranger HT 21, Yamaha 150, Yamaha 9.9