School me on investing...

here's my dilemma in that regard... its not worth my time or effort to actually care and research to make $80, i could literally do almost ANYTHING else for an hour and make $80. everyone has a different threshold, sure, but i don't wanna half ass stuff so i'd have to really get into it and then that becomes my qualm. on the flip side... let's say you picked a penny stock that 10x in a short period for some reason and you made $200. well then i'd be mad at myself that i read the scenario right and didn't have like $5k in it. can't win either way i guess. you gonna research a penny stock and check the ticker multiple times a day for 2 tanks of gas a month later that you still have to pay taxes on? you're a better man than I, man haha...

 

Yes, I bought yesterday.

As a former employee, purchasing it in the $30 range decades ago, It grew up to around $440 or so last year. A few months back, I sold a bunch (most) at $350 (personal threshold), ....actually just moved it to a stable value fund.

I bought back in yesterday, but didnt overbuy or anything.

If Boeing dies the world is ending. They are the US largest exporter. There is money to be made there.

Another good buy is Lockheed Martin. It has not been as volatile. I did the same with them but have not gone back yet.

I made several good moves at the end of last year. I'm overall down about 6%. I'm still up on several low risk choices I made.

Boeing will be back....oh, I got my dividend check last week.

 

"Miracle drug" seems to be driving stocks higher pre-opening.

 

I hear ya lol... but it passes the time when work is dead and we arent supposed to hang out... why not make some money while all bottled up? As for taxes, you gotta pay taxes on everything so I dont really care much about that aspect of it. Considering what the tax law does cause of this virus, we may not have to pay any at all lol (not likely!! Uncle Sam always gets his $)

 

not poker money haha. although I don't assume anyone is going to any casinos any time soon. i felt gross handling chips when there WASN'T a pandemic haha... gonna be a while.

 

The American Funds family has been good to me. Dave Ramsey approved, also.

 

This is nothing against you but your post reminded me of that Jim Cramer video yelling at a caller that Bear Stearns is fine!

 

I hadnt seen it, thats funny.....I like Cramer tho I havent watched in years. Unlike a financial institution, Boeing actually directly produces products. Theres a difference there IMO.

I dont mean to yell ......I'm not saying its fine.....I'm saying buy.

Have they had their trials and tribulations recently, you betcha.....that just makes it a better buy IMO.

2nd largest Defense Contractor.
Largest supplier of commercial aircraft in the world (?)
Major employer everywhere
I wonder what their backlog is now?

They have built almost 2 jetliners a day, every day, 24-7-365....for decades! Last few years have been more than 2 a day. My last year (1999) we built 620 or 640.....Last year was in the 800's. unless you believe no one will ever fly again, this wont stop.

I didnt bet enough that it would break me if the world did end. But I am confident it will be back, and they will pay me.....again.

 

Going to be another interesting day today, as I said before the closer the stimulus bill gets I believe the market will jump up even if only temporary. I have my principle I dumped in last week and in and out of the market twice this week sitting in safe place. I have what is, as of this morning 62% gain sitting in the market in what I see lower risk. I’ll move some to some of it this am to a few things I think will move around. I’m playing with house money so 25% will stay in what I see as more stable stuff that I’ll ride out and I’ll gamble with the rest. Playing this right it mean retiring at 51 vs 52.

 

This....right here.

Insert another age if you want, but playing this right will pay off huge.

I'm 58 and plan to pull the plug in Jan 2021. I'll probably still work till then, but playing this right will be a plus.

 

My goal is to have the choice, I don’t think my brain will allow me not to work. I took huge gambles over the last couple weeks, huge ones that could’ve had dire consequences. I had a back up plan to make sure there was food on the table etc but it also could’ve meant a- riding investments out and wait an see and not having access to liquid cash b- in 7-8 years when I planned on retiring I could’ve easily added another 10. I made what I thought were calculated risks and times like this don’t happen in my lifetime while having that much liquid cash on hand. Perfect storm for me at the moment and it’s pure luck but I’ll take that luck and do something with it. I’m also at the point where I know eventually you no longer “ win” so I had goals of profit, met them and just like when I go to the casino I’m very regimented on when I meet my goal of x amount profit to be able to walk away and not go back.

 

I agree with everything you said, they probably aren't going anywhere but someone is going to get squeezed pretty hard for the financial actions they've taken up until now

 

2 things...

1) All of your bulletpoints don't matter at all if they go to bankruptcy court for restructuring. They're true, but they don't keep a stock from potentially becoming worthless.
2) They had MAJOR supply chain and QC problems before any coronavirus came up. They built a shit load of jetliners that nobody wants and nobody's buying the past year or 2. They can build as much as they want, if nobody wants them it doesn't matter.

They'll surely be back. Whether or not Joe-Shmoe stock holder gets hosed or not is outside of that dilemma.

 

It's mostly Captain Morgan giving investment advice. What did you expect?

 

And he seems to be one of the saner voices in the thread. THAT is the scary part.

 

That's who we've got our mutual fund with. It ain't shit compared to what most of these guys on here seem to be playing with.

 

Everybody on the internet is a multimillionaire.... You didn't know that?

 

Dave Ramsey might be

 

That's a nice shed.

 

Good points both here....

I believe the squeezing is mostly over, the zit has popped. There may be slightly more (the pesky infection and redness), but I'm in for the long haul.....just like I was the first time, and made hundreds of percent....more than 10X on my money. how many percent is that? thousands?....plus dividends!

I dont think they will go bankrupt or their stock become worthless....If I thought that, I wouldn't have bought. They will sell airplanes. They will survive......just my opinion as someone who has been in the aerospace industry for 30 yrs.

I'm seeing their current order BACKLOG of 5,400 planes as of Jan 2020...Airbus backlog 700.....this is after the Max shutdown, and they still have 5,400 planes to build.....today. None of this includes their Space & Defense business, which is also huge.

Your comments focus mostly on the MAX, right?......they have numerous other product lines.

Supply chain issues are not uncommon. I was Procurement Quality for Lockheed. I'm familiar with the drill. There are always issues, but planes still get built.

It took me awhile to actually "Fathom" the depth of Boeing, and Lockheed as well. The true depth is simply amazing.

You guys both bring good points.....dont buy if you dont want to.....my experience is telling me to buy.

Good luck to all you guys. take advantage of this market.....I learned alot in 2008.

I'm on the downside of this, so really conservative, except for Boeing and Lockheed.