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Stock-Age: Stocks, Options and Dividends oh my!

If you want to buy and hold one forever then BPTRX is the better of the two by a mile, that is not up for dispute. However what you're getting there is far more diversified.

If you want something that will grant you more exposure to SpaceX for a period of time (at the cost of more volatility, feed and uncertainty) then DXYZ is the one to go for.

Compare how the two have performed since Trump won the election and you will see what I mean.
Now BPTRX has 15% holding in SpaceX.

 

StreetsofBeige

Gold Member
Markets rebounded nicely, but still a down day for probably most people. Got lucky, dont have a ton of stocks now as I got a load of cash. My portfolio was never down a lot all day.
 

StreetsofBeige

Gold Member
Rumours Gamestop and Bitcoin got something cooking as the ceos of gamestop and microstrategy were photohgraphed together.

GME up +7% today. I didnt pull the trigger. It opened right away up 3% and avoided. Jumped more.
 

StreetsofBeige

Gold Member
Made money off NVDA last year. Nice chunk $50k. Got back into it 1 week ago. Up 15%! But didnt put in as much as last time. Damn. If it goes up another 10%-15% I might dump it. It's high is around $150. If it creeps up near it I might bail.

Tip for you Canadian investors. Look for the Canadian CDR stock. It'll be much cheaper and in CDN so you wont get nailed with currency fluctuations or fees. For example, NVDA.NE (Canada's stock) is only $31. It goes up and down with the US stock so it really makes no difference what the price is. But you dont have to worry about currency exchange issues and trading fees. Then again, there are times when the US dollar gets stronger, buying a US stock on Dow/Nasdaq benefits you. Some US stocks I got have appreciated somewhere between 5-10% alone just on currency. Then again, it can go the other way and you get nailed.

There arent tons of CDRs, but if you buy a US stock, see if there's a CDR first.
 
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StreetsofBeige

Gold Member
Whew. Sold my NVDA CDR stock a week ago. Made about $10k in less than 3 weeks. Will jump back in at some point. Earnings coming.

Mircron has been a dog. Down 10%.

Got into Novo Nordisk. Up 5% in a few days.
 
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MaestroMike

Gold Member

Berkshire Hathaway liquidates holdings in S&P 500 ETFs​

Disclosures indicate its holdings in SPY and VOO were dissolved in fourth quarter of 2024


Berkshire Hathaway has liquidated its holdings in S&P 500 ETFs from Vanguard and State Street Global Advisors, leaving the bellwether investor without any ETF positions.

Berkshire’s shares in the SPDR S&P 500 ETF Trust (SPY) and Vanguard S&P 500 ETF (VOO), each valued at roughly $22mn, were dissolved during the fourth quarter, according to disclosure filings.

The sales underscore a longer-term trend at Berkshire of retreating from securities, lifting its cash position to the highest on record — $334.2bn at the end of the year.

For nine straight quarters, Berkshire has been a net seller of securities.

Speaking in his recently released annual letter, chief executive Warren Buffett brushed off speculation that he viewed markets as overvalued.

“Despite what some commentators currently view as an extraordinary cash position at Berkshire, the great majority of your money remains in equities,” he said. “That preference won’t change.”

Buffett has spoken glowingly of index funds in the past, and of Vanguard’s in particular. Writing in his 2016 letter, he recommended “low-cost index funds” as a superior alternative to hedge funds.

“When trillions of dollars are managed by Wall Streeters charging high fees, it will usually be the managers who reap outsized profits, not the clients,” he said at the time.

In the same letter, Buffett hailed Vanguard founder Jack Bogle as the best champion of investors the country has known.

“If a statue is ever erected to honour the person who has done the most for American investors, the hands-down choice should be Jack Bogle,” Buffett said. “In his crusade, he amassed only a tiny percentage of the wealth that has typically flowed to managers who have promised their investors large rewards while delivering them nothing — or, as in our bet, less than nothing — of added value.”
 
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jason10mm

Gold Member
Not content with just buying up all the individual family homes in the US, Blackrock now buys the Panama Canal :p


I'm not even sure how to parse this, at least not without getting mired in current politics, but with impending tariffs which would presumably reduce traffic/tolls through the PC, that they think 22 Billion is a good investment suggests maybe trade is gonna boom, not shrink, in the coming years. Or there is some back-end way they can recoup that cost in return for this "favor". Or they need to park $$$ pulled from the stock market and real estate is REAL estate.
 

Dr_Ifto

Member
Not content with just buying up all the individual family homes in the US, Blackrock now buys the Panama Canal :p


I'm not even sure how to parse this, at least not without getting mired in current politics, but with impending tariffs which would presumably reduce traffic/tolls through the PC, that they think 22 Billion is a good investment suggests maybe trade is gonna boom, not shrink, in the coming years. Or there is some back-end way they can recoup that cost in return for this "favor". Or they need to park $$$ pulled from the stock market and real estate is REAL estate.
Looks like just a port at the canal, not the canal itself.
 

Go_Ly_Dow

Member
US market was due a sustained correction in my view.

It will recover eventually, but it was silly and unsustainable to have the valuations of all these tech companies continually going up.

It's better for them to correct down like this than to spike to silly levels and then implode.
 

StreetsofBeige

Gold Member
I took a dip in some stocks lately and getting burned being down around 10% each. But not a ton of money. Most of my money is on the side. I'm going to hold tight for a bit, let the dust settle and at some point (crossing fingers) I'll get back in hopefully near the lows. And then it rebounds hard like covid.

For those of you not in the markets in March 2020. Markets tanked probably 30% in March. It was a bloodbath. But in April it rebounded. Anyone getting in at the lows at the end of March hit the jackpot. I was practically maxed out at the time so I couldnt do anything but ride the wave back to breakeven and beyond. I think it took me till the summer to breakeven. But no doubt some guys who got in at the lows probably doubled their money in a month or two.
 
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Go_Ly_Dow

Member
I took a dip in some stocks lately and getting burned being down around 10% each. But not a ton of money. Most of my money is on the side. I'm going to hold tight for a bit, let the dust settle and at some point (crossing fingers) I'll get back in hopefully near the lows. And then it rebounds hard like covid.

For those of you not in the markets in March 2020. Markets tanked probably 30% in March. It was a bloodbath. But in April it rebounded. Anyone getting in at the lows at the end of March hit the jackpot. I was practically maxed out at the time so I couldnt do anything but ride the wave back to breakeven and beyond. I think it took me till the summer to breakeven. But no doubt some guys who got in at the lows probably doubled their money in a month or two.

It's possible, although important to remember that COVID was a massive global event and unprecedented for our times in which the world closed its economy and seriously limited trade. Governments had to spend ridiculous sums to prop up the economy in a way that's now being phased out with spending cuts.

Whilst the tarrif war is important for market sentiment, I think it's far less of a shock as COVID was. Also consider some of these tarrifs are a bluff, as we're seeing with Mexico and probably Canada in time.

I think he's more serious this time, but he did also play the tarrif game in his 1st term and it didn't come to much in the end.
 
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Ecotic

Member
The reciprocal tariffs on virtually everyone are still coming in early April. The economy can't sustain all of these tariffs for any length of time. Inflation has been threatening to re-ignite of late and is hovering over 3% right now, and if prices go back up then the Federal Reserve will have to start hiking rates again, which will choke the economy. The economy right now is much more fragile than it was the last time these tariffs were tried, and the threatened tariffs this time are much more substantial. Also, this is a really bad time to be dumping half a million federal government employees onto the job market, it's thin pickings out there for professional workers.

You just have to hope someone somewhere in the administration knows to pull back and declare victory before things start breaking.
 

StreetsofBeige

Gold Member
I think he's more serious this time, but he did also play the tarrif game in his 1st term and it didn't come to much in the end.
I dont even remember what tariff things he did the first term. But as you said it probably wasnt much of an effect. I dont even remember it and I dont remember markets tanking due to tariff wars. At the time, the biggest rollercoaster ride was marijuana stocks.
 
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