Down goes the Dow

wondering wrote:

You seem upset.

You would be upset too, if your attempt at looking like a market genius over the past several years backfired.

Long Time Listener, First Time Caller wrote:

Igy wrote:

Sticks and stones. You suck.

Which Igy is this now? The nice one or the mean one? ?

There is no nice one on this thread.

Stater of the Obvious wrote:

Long Time Listener, First Time Caller wrote:

Which Igy is this now? The nice one or the mean one? ?

There is no nice one on this thread.

Is he another one of those know it alls?

Another one of those 'this market knows no limits' days. And if that isn't enough, it appears after hours trading is up even more.

For every buyer, there is a seller.

Precisely, and the longer i sit with a little cash on the sidelines, the longer i feel like the buyers are on the better side of the trade.

With that in mind, bought back a little of some low-risk Prefered shares ETF today, which delivers a healthy dividend each month, just to keep the cash working.

Preferred stock ETF are sensitive to rising rates, average credit quality, and during the financial crisis lost 2/3rds of its value.

It is NOT a low risk investment.

Igy

yeah, well rising rates is news that's been out for so long it doesn't count as news anymore. It's factored in.

I bought your view on that months ago but now that the interest rates are on the table, the price has been going up since then, and steadily.

Thanks.

and until that next financial crisis materializes, it pays a hefty 5.85% dividend.

Go back and read what I wrote. Please quote anything that you consider incorrect.

Thank you.

Igy

seattle prattle wrote:

and until that next financial crisis materializes, it pays a hefty 5.85% dividend.

Year-to-date performance of PFF 1.48%. Inferior risk versus reward to one year CD at 2.4%.

Igy

You don't buy it for growth. You buy it for the dividend. And the dividend of that ETFs 5.56% is several times better than a CD's rate of 2.4%.

Igy wrote:

Go back and read what I wrote. Please quote anything that you consider incorrect.

Thank you.

Igy

Are you really Igy? Where's the date after your name?

seattle prattle wrote:

You don't buy it for growth. You buy it for the dividend. And the dividend of that ETFs 5.56% is several times better than a CD's rate of 2.4%.

OK, but a year ago a one year CD was at 1.5%.

How do you factor that growth?

Igy

Igy wrote:

Go back and read what I wrote. Please quote anything that you consider incorrect.

Thank you.

Igy

Perhaps you should read what he wrote and quote where he suggested you were incorrect.

Igy wrote:

and during the financial crisis lost 2/3rds of its value.

Igy

If you have an advisor that has been investing your money based on market history, you need to run for the hills!

"It's Different this Time"

mellon wrote:

Igy wrote:

and during the financial crisis lost 2/3rds of its value.

Igy

If you have an advisor that has been investing your money based on market history, you need to run for the hills!

"It's Different this Time"

“The psychological factors are harder to assess. People aren’t flipping condos for sport the way they were during the bubble when mortgages were available to anyone regardless of whether they had income or assets. Yet it seems there’s a widespread desire to own assets – stocks, bonds, and real estate – regardless of price. It’s not an obviously happy mania, where people are motivated by promises of great wealth. It’s more like a need to be an asset owner in an economy that continues to hurt workers without college degrees and becomes more automated. Nevertheless, the price insensitivity of many buyers is enough to cause concern.” – John Coumarianos

It’s interesting that you, of all people, post a quote supporting the idea that “it’s different this time.” There may be hope for you yet.