Hope this doesn't make me a scumbag...
I'm in a position where I am working(from home) and most likely will continue to be able to do so.
Don't want to take advantage of those in a bad spot obviously but for those of us working and who invest what are some ideal investments to buy right now?
List any stocks, bonds, certificates, etc you think are worth taking a look at.
Other than throwing money at the stocks and mutual funds I currently own that are all down can't think of any others off the top of my head. Then again I'm not the saviest of investor.
Thanks
mtn
MegaDork
3/24/20 11:25 a.m.
Where I'm throwing my money right now:
VTSAX, or VTI
TSLA (I haven't actually put any here, but if I had enough capital to work with I would have)
ABBV
FIS
3M, Proctor and Gamble, FedEx, cellphone companies, anything that is still running right now basically.
Kylini
Dork
3/24/20 11:39 a.m.
I bought a few shares of BAX. They make blood supplies, dialysis machines, and operate BioLife plasma centers, which they use to monitor influenza and create annual flu vaccines. They were the first with a commercial H1N1 vaccine too. They've had reasonably steady growth otherwise.
Besides health care I'm sure the companies that provide internet are seeing a big jump in new customers wanting to work from home. Also traditionally those companies weather recessions well because the dollar value for entrainment is much higher. For example you take a family of four to dinner and movies and you're close to what you would spend for the whole month of tv and internet.
NOHOME
MegaDork
3/24/20 12:08 p.m.
Toilet paper and ammo seem to be the most valued commodities. If you can figure out what we want to eat during and after this current apocalypse, that would be a good place to invest.
AAZCD
HalfDork
3/24/20 12:09 p.m.
Buy more cars (Not projects). Sell a couple months after the all clear whistle blows.
NOHOME
MegaDork
3/24/20 12:37 p.m.
Here are some things that are NOT going to disappear when this is all said and done.
Passenger airplanes
Cruise industry
Cars
Computers
Cell phones
Banks
Home depot
Disney
VTSAX / VTI. Buy more every pay period!
Thanks guys. Some of those obviously are doing quite well. Looking for something down at the moment (to buy low) that is sure to make a comeback...
dculberson said:
VTSAX / VTI. Buy more every pay period!
This.
Although I am keeping my eye on airlines. If they get into bankrupcy again I'll grab some shares just because.
Last time I told myself I would do that but missed the boat. American was $0.15 a share was back at 15 or 20 within a year or so.
I’ve mostly given up trying to pick individual stocks, except when looking for dividends. Usually pile money into VOO, it’s Vanguards S&P 500 fund.
Ulta Cosmetics stock. Glamour always sell.
Stock low - going back up.
can I say CASH , CASH, CASH
You may win , you may lose in the markets ,
Just sit back and let the dust settle.....
But then again it matters what your age is , and how long you have the guts to hold if your stock goes down.....
I'm investing in cash. Which will help me get through this aerospace downturn.
I've been watching BP. Stock is beaten up due to general conditions as well as OPEC free for all. Big dividend payer (at least they were).
Real estate. I'm looking at buying a commercial property to relocate my shop and plan on LOW-BALLING the current owner. Something like 40% of what it's currently listed for. We shall see if he wants cash for his building that's been on the market for 450 days so far. If he takes my offer or anything near it, I will be in a great place having a new investment property.
Huh... I was thinking BAC and WFC.
Wells Fargo petitioned yesterday to have it's asset cap removed and the gov keeps proving it won't let BofA fail.
They're both down 40% or so in the last 3 weeks.
Mndsm
MegaDork
3/24/20 7:58 p.m.
NOHOME said:
Here are some things that are NOT going to disappear when this is all said and done.
Passenger airplanes
Cruise industry
Cars
Computers
Cell phones
Banks
Home depot
Disney
I'm thinking of dumping not an insignificant amount of money on Disney.
dyintorace said:
I've been watching BP. Stock is beaten up due to general conditions as well as OPEC free for all. Big dividend payer (at least they were).
The oil stocks have craaazy dividends right now. I mentioned elsewhere that I sold out of Shell at just the right moment. I've been seriously tempted to get back in, especially when their dividend peaked at 15%. But I'm trying hard not to be a stock picker and stay in indexes. I did OK on my shell, but concentrated risk in a way I don't need to be doing.
Cash, basically, is my investment plan for 2020.
In reply to dculberson :
Made a big move Two weeks ago on RDS.A (Shell) and it's already paying off.
In reply to chada75 :
Be aware that with rdsa you'll pay Dutch withholding taxes on the dividends (15%? maybe?) but you can write those off your US federal taxes. RDSB doesn't have that problem.