Why? Even when the economy was humming along the stock was still going down

Report problem with this ad

Mar 31, 2020
2:53:16pm

RC Vikings All-American

just buy some tech stock with a bunch of upside.

Report problem with this ad

RC Vikings

Previous username: WAZY
Bio page: RC Vikings
Joined: Dec 5, 2003
Last login: May 4, 2024
Total posts: 29,296 (128 FO)

Report problem with this ad

Messages

Author

Time

POLL: About to buy $5,000 of Exxon stock. Am I stupid?

BYUALWAYSNUM1 All-American

3/31/20 2:44pm

I say no as long as your timeline is at least 12 months

CommodoreCoug

3/31/20 2:45pm

30 years

BYUALWAYSNUM1

3/31/20 2:45pm

I can think of a lot of other stocks that will likely do better in that time.

Kerbouchard

3/31/20 3:03pm

I haven't bought, yet. Which stocks do you like?

BYUALWAYSNUM1

3/31/20 3:11pm

Enron

LaVellIfIKnow

3/31/20 3:13pm

I've heard a lot of good things about that one.

BYUALWAYSNUM1

3/31/20 3:23pm

30 years is a long time, but for example: AMZN, AAPL, MSFT I'd be willing to

Kerbouchard

3/31/20 3:27pm

I wish I had any of those, but I think I missed the boat long ago.

BYUALWAYSNUM1

3/31/20 3:31pm

Huh? You think XON is going to outperform them? Low stock price does not mean

Kerbouchard

3/31/20 3:45pm

Yes because if there is anything the stock market guarantees

coug16

4/1/20 5:43am

Need more info about you and your abilities to make an accurate assessment.

BYUtka

3/31/20 2:45pm

I'm batting 1000% on picking the wrong investments.

BYUALWAYSNUM1

3/31/20 2:47pm

Do you put ketchup on a hot dog?

BYUtka

3/31/20 3:17pm

I don't like hot dogs, but, Yes.

BYUALWAYSNUM1

3/31/20 3:24pm

I think I know enough to make an assessment now.

BYUtka

3/31/20 3:25pm

wait, I'm totally fine being shamed, but at least tell me why ketchup on hot dogs is bad? I thought that was normal

BYUALWAYSNUM1

3/31/20 3:30pm

It is an abomination.

BYUtka

3/31/20 3:58pm

Wow, I had no idea. I had heard that ketchup on a brat was unacceptable.

BYUALWAYSNUM1

3/31/20 5:48pm

Perfectly acceptable

Born2Fish

3/31/20 5:23pm

Are you trying to time the market?

shimmy

3/31/20 2:45pm

Just bought some myself for the long haul

homegrown

3/31/20 2:46pm

do it and assess later

CougarBuddy

3/31/20 2:46pm

hard to say without knowing what the rest of your portfolio looks like

BlueFrog

3/31/20 2:47pm

The rest is in index funds, silver n gold.

BYUALWAYSNUM1

3/31/20 2:49pm

what percent is this stake?

BlueFrog

3/31/20 2:49pm

Not much. Less than 1%

BYUALWAYSNUM1

3/31/20 2:50pm

then absolutely

BlueFrog

3/31/20 2:51pm

So Exxon is the one stock you're choosing? Why?

Kerbouchard

3/31/20 3:05pm

it's low right now, and the dividend yield looks good.

BYUALWAYSNUM1

3/31/20 3:08pm

AAPL pays a dividend too, and will outperform XOM by a mile.

Kerbouchard

3/31/20 3:29pm

Chevron does a better job with their cash. Just as an FYI.

specsauce

3/31/20 2:48pm

Are those things mutually exclusive? Asking for a friend...

foofcoug

3/31/20 2:48pm

Yes, but I'm willing to entertain your thoughts.

BYUALWAYSNUM1

3/31/20 2:49pm

RE: Yes, but I'm willing to entertain your thoughts.

foofcoug

3/31/20 2:50pm

Better to buy gold and ammo then bury it in the country for the impending apocalypse

letthewookieewin

3/31/20 2:49pm

<< Deleted >>

rivercitycoug

3/31/20 2:50pm

i've been loading up on Phillips 66 over the last few weeks.

kolob32

3/31/20 2:52pm

I would wait until it hits rock bottom, yes it will get lower

slccoug

3/31/20 2:52pm

Why? Even when the economy was humming along the stock was still going down

RC Vikings

3/31/20 2:53pm

I bought 2 weeks ago, but still a good deal

AZ Coug

3/31/20 3:02pm

If you're set on a gas stock put $1000 on DNR and rest in MSFT

RC Vikings

3/31/20 3:13pm

What makes you think this investment would pay off in any form?

wcj99

3/31/20 3:46pm

Currently there is a glut of 12.4 million barrels of oil every day. The world

ArcticKat

3/31/20 3:48pm

a week or two ago i purchased some options that expire in 2022 for XOM that cost

delbert

3/31/20 3:53pm

Chart of XOM

Posting on CougarBoard