not a very good year at all for me. So i find myself under after a huge oil blunder costing me a good 15% of my portfolio value. After comming up a strong 40% on my original cash investments in for the year of 2009, it seems that my capital gains taxes will be put to good use this year.

Im looking for a decent pullback in the market to get a good footing into positions in oil co's and perhaps a variety of undervalued co's.

And yes Comrade, ill start badgering my brokerage to give me some option trading dammit.

Good to here you had a good year lews.

quote:

Originally posted by Nrg2Nfinit And yes Comrade, ill start badgering my brokerage to give me some option trading dammit. Good to here you had a good year lews.

http://www.optionshouse.com/landing/affiliate100/

FTW.

Thanks capitalizt.. i rather continue with everything in my td account though.. I pay my mortgage through there and prefer to maximize my margin availability by having all my equity related to that account. (since i do short sell on the frequent)

Just got to nudge them a bit.

quote:

Originally posted by Nrg2Nfinit not a very good year at all for me. So i find myself under after a huge oil blunder costing me a good 15% of my portfolio value. After comming up a strong 40% on my original cash investments in for the year of 2009, it seems that my capital gains taxes will be put to good use this year. Im looking for a decent pullback in the market to get a good footing into positions in oil co's and perhaps a variety of undervalued co's. And yes Comrade, ill start badgering my brokerage to give me some option trading dammit. Good to here you had a good year lews.

Thanks mate

I think you know my feelings about oil , but I am sorry to hear that you had a bad year. I expect you'll make that up this year, however.

I'm expecting oil to go up a lot and while I'm not going to touch it, I am hoping green energy will go up with it so currently I'm doing a lot of research on green companies trying to find some I like the looks of. Problem is there is just so damn many of them

I'd like to get into one company in Solar, one company in Wind. Wanted to get into SOL around 8, but I had to wait for some money to transfer and by the time I could it had gone up to 10. It's over 11 now. Probably going to wait for it to (hopefully) go down a bit before buying some shares, but I'm also looking at other companies incase I see something I like better. Does anyone have any suggestions on Solar or Wind companies?

I was looking at getting a small position in greenland minerals and energy, but there was a foreign trading surcharge which kind of put me off it at least for the moment. I can't afford to buy too much of it at the moment and with that kind of fee I'd need the stock to go up a huge percentage to make anything back. I'll keep it on my watchlist and try to buy a larger stake this summer.

Started off the year by increasing my position in Bank of America by 20%. Expecting it to have a good year, especially once it starts to pay more of a dividend.

Also took a small position in GE. I think it's unvervalued a lot and it's set to start increasing it's dividend soon which is attractive to me.

I'm looking for a 7-12% growth of the major U.S. indexes this year and hopefully I'll be able to manage gains of 15-20%. I doubt I'll be able to get such a good return as I've managed in the previous years. Still looking for undervalued major companies as well as some more speculative companies. Primarily buying stocks, might look into a few ETFs, most likely avoiding short selling, and definitely avoiding that crazy world of option trading

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Quarantine Classics Brunello di Montalcino (In Transit) Edition [Progressive Classics] (August 2020)
Quarantine Classics - Puligny-Montrachet Edition [Progressive Classics] (April 2020)
What Is Progressive Anyways? [Progressive House Classics] (November 2019)

Good piece by Ned Davis today on fiscal policy and unemployment...Charts not shared because I can't (and you don't pay the yearly subscription so you don't get them.

quote:

Most politicians and economists agree on one point--when unemployment is high and private demand is weak, it is the "job" of government to spend money to get demand going and jobs returning. But I am suspicious of a "free lunch." Where exactly does the government get the money to increase spending? If it comes from higher taxes on income and work, isn't that a disincentive to private sector work and income? And, if it comes from borrowing, doesn't that "crowd out" money from the private sector to invest with, or possibly drive up interest rates? Of course, the Fed could help by monetizing the debt, but that often leads to bubbles or higher inflation. In any case, I wanted to test the evidence that higher government spending has something to do with lowering the unemployment rate, so I plotted the year-to-year changes on the chart above (sorry guys). It looks to me as if higher government spending, in fact, is consistent with a higher, not lower, unemployment rate going all the way back 61 years. I know there is another side to this argument; which comes first, the chicken or the egg? Clearly, there is a connection between government spending and the unemployment rate, but maybe higher unemployment leads to higher government spending due to automatic stabilizers such as unemployment insurance and not the other way around. So I cannot prove anything today, but again, I am suspicious of a Keynesian "free lunch," and I fear government spending, outside of investment spending, creates as many problems as it solves.