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Banks are getting hammered today. Might be time to add soon, maybe add some BAC or buy some of another favorite EWBC.
Looks like a major overreaction to SIVB blowing up their balance sheet. What does a crypto/SPAC lender like SIVB have to do with BAC, JPM, etc? I'll add JPM and buy some EWBC if this keeps up.
Looking for some long-term suggestions to park some excess cash in 2-3 positions for 10+ years. No tech or financials though, I'm already way overweight there. Dividend payers are preferred, and healthcare is my weakest sector so something there is a plus.
Looks like a major overreaction to SIVB blowing up their balance sheet. What does a crypto/SPAC lender like SIVB have to do with BAC, JPM, etc? I'll add JPM and buy some EWBC if this keeps up.
I added to my TFC position today. Irrational overselling to news is always a great buying opportunity. Also added to CVS and T (All long term drip holds).
@id77 CVS is def my number 1 buy right now, hope the new CEO doesn't do any more large acquisitions though.
Looking for some long-term suggestions to park some excess cash in 2-3 positions for 10+ years. No tech or financials though, I'm already way overweight there. Dividend payers are preferred, and healthcare is my weakest sector so something there is a plus.
Healthcare on my watchlist is ELV, UNH and ZTS (animal health). They all pay dividends, though the yields are lower, especially on ZTS. These are definitely DGI type stocks, not high yield. You could also look at device makers MDT and SYK. All quality companies.
Eliminating tech, financials and non dividend payers, other suggestions would be CARR, COST, DE, DHR, FAST, GPC, HD, PH, TSCO, URI, and WSO. Maybe also some defense stocks like GD, LMT, or RTX, or railroads like CNI, CP, CSX or UNP (no NSC!)
I’ll also go out on a limb and recommend a couple of non dividend payers I really like - AZO, CPRT and ULTA. And of course BRK-B, which offers its own level of diversification.
Everything I’ve suggested is large cap, you may want to also consider small and mid caps as well.
Ugly market day today, but of course, the one stock on my watch list that I really wanted to keep dropping is in the green - COST. I was hoping it would keep pulling back, but it's up 1%. Of course. That's how it goes lol.
Quote:
Originally Posted by hikernut
What's your target price? Morningstar shows fair value of 476 (not behind paywall)...
COST has a great business model, and I bought my original stake back in 2008 at 53.65, and have DRIPed all along. I added to it in 2017 at 167.5 - but the DRIPs have added quite a number of shares.
COST has a great business model, and I bought my original stake back in 2008 at 53.65, and have DRIPed all along. I added to it in 2017 at 167.5 - but the DRIPs have added quite a number of shares.
That’s how it’s done Moguldreamer. Buy quality companies, don’t pay too much, and then do nothing. As Charlie Munger puts it “sit in your ass”. Congrats on a great long term investment!
I took off my hedges today that I put on back in early February. Let’s hope it was the right decision!
Looks like I should have held on to them for another 24 hours ugh
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