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Sit on cash or buy stocks
#13596136
06/16/20 12:54 AM
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Joined: Apr 2004
Posts: 14,198
Stump jumper
OP
TFF Guru
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OP
TFF Guru
Joined: Apr 2004
Posts: 14,198 |
I am sitting on more cash then I have in years. I dumped most of my gold weeks ago and today I got out of the one oil stock I had. I also dumped a loser and low performer. I looked at a few stocks but nothing overly appealing right now. I might buy some more ATT for dividend.
2200 Bay Champ/200 Mercury Optimax 2017 Tundra TSS 4x4 Crewmax 5.7L
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Re: Sit on cash or buy stocks
[Re: Stump jumper]
#13596162
06/16/20 01:13 AM
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Joined: Jan 2008
Posts: 13,674
Fishspanker
TFF Guru
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TFF Guru
Joined: Jan 2008
Posts: 13,674 |
You have to think there is a market correction coming up but since nothing makes sense who the heck knows?
The Sheep who only fears the Wolf is eaten by the Shepherd.
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Re: Sit on cash or buy stocks
[Re: Stump jumper]
#13596164
06/16/20 01:14 AM
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Joined: Jun 2009
Posts: 4,294
mudd
TFF Team Angler
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TFF Team Angler
Joined: Jun 2009
Posts: 4,294 |
Cash in ur safe is better then cash in bank. Less they report to IRS
93 Ranger 482vs 95 Bullet 20cc
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Re: Sit on cash or buy stocks
[Re: Stump jumper]
#13596166
06/16/20 01:14 AM
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Joined: Mar 2004
Posts: 8,791
Roller22
TFF Celebrity
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TFF Celebrity
Joined: Mar 2004
Posts: 8,791 |
I Thes. 5:16-18
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Re: Sit on cash or buy stocks
[Re: Stump jumper]
#13596174
06/16/20 01:15 AM
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Joined: May 2007
Posts: 40,724
WAWI
TFF Guru
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TFF Guru
Joined: May 2007
Posts: 40,724 |
Make sure you keep enough cash to weather the potential storms we see popping up. If you put it in market and we see another big fall you dont want to have to sell low to raise needed cash. That gets real expensive. I'm sitting on a fair amount of cash and will continue to do so till thing get a little more predictable
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Re: Sit on cash or buy stocks
[Re: Happykamper]
#13596181
06/16/20 01:22 AM
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Joined: Jul 2008
Posts: 1,324
Don Collum
Extreme Angler
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Extreme Angler
Joined: Jul 2008
Posts: 1,324 |
Certainly is for now and probably until after November or much longer even. I am holding. Cash is king is what I been thinking.
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Re: Sit on cash or buy stocks
[Re: Stump jumper]
#13596187
06/16/20 01:30 AM
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Joined: May 2002
Posts: 5,757
JCG57
TFF Celebrity
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TFF Celebrity
Joined: May 2002
Posts: 5,757 |
If this small sample is representative it sounds like a lot of cash is on the sidelines. That is a bullish indicator.
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Re: Sit on cash or buy stocks
[Re: Stump jumper]
#13596188
06/16/20 01:33 AM
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Joined: Dec 2006
Posts: 2,283
Snakeyes711
Extreme Angler
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Extreme Angler
Joined: Dec 2006
Posts: 2,283 |
I think you should load up on large cap,blue chip names that pay a good dividend,the so-called dividend aristocrats. That way if the stocks price is in a downturn(and they all do at some point) at least you're getting paid while you wait for it to rebound. Those dividends are free money,why not take it.
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Re: Sit on cash or buy stocks
[Re: Stump jumper]
#13596190
06/16/20 01:34 AM
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Joined: Aug 2014
Posts: 7,283
Beer Money
TFF Celebrity
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TFF Celebrity
Joined: Aug 2014
Posts: 7,283 |
Vacation rental properties.
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Re: Sit on cash or buy stocks
[Re: Beer Money]
#13596191
06/16/20 01:35 AM
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Joined: Mar 2004
Posts: 8,791
Roller22
TFF Celebrity
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TFF Celebrity
Joined: Mar 2004
Posts: 8,791 |
Vacation rental properties. In Beavers Bend, dang they're getting expensive.
I Thes. 5:16-18
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Re: Sit on cash or buy stocks
[Re: Stump jumper]
#13596196
06/16/20 01:37 AM
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Joined: Jun 2005
Posts: 12,976
DanDaBald
TFF Guru
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TFF Guru
Joined: Jun 2005
Posts: 12,976 |
Plastics . . . . . .
God Bless . . . . .
NEVER FORGET 9/11/2001
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Re: Sit on cash or buy stocks
[Re: Snakeyes711]
#13596198
06/16/20 01:38 AM
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Joined: May 2007
Posts: 40,724
WAWI
TFF Guru
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TFF Guru
Joined: May 2007
Posts: 40,724 |
I think you should load up on large cap,blue chip names that pay a good dividend,the so-called dividend aristocrats. That way if the stocks price is in a downturn(and they all do at some point) at least you're getting paid while you wait for it to rebound. Those dividends are free money,why not take it. I'm not sure free money accurately describes dividends.
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Re: Sit on cash or buy stocks
[Re: Roller22]
#13596211
06/16/20 01:44 AM
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Joined: Jan 2007
Posts: 14,704
Happykamper
TFF Guru
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TFF Guru
Joined: Jan 2007
Posts: 14,704 |
Vacation rental properties. In Beavers Bend, dang they're getting expensive. Have some friends wanting to sell 5 cabins all together on 5 acres, it is right across the street form the new casino they are going to build, could be a good investment for somebody, i am too old to do it.
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Re: Sit on cash or buy stocks
[Re: WAWI]
#13596216
06/16/20 01:46 AM
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Joined: Dec 2006
Posts: 2,283
Snakeyes711
Extreme Angler
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Extreme Angler
Joined: Dec 2006
Posts: 2,283 |
I think you should load up on large cap,blue chip names that pay a good dividend,the so-called dividend aristocrats. That way if the stocks price is in a downturn(and they all do at some point) at least you're getting paid while you wait for it to rebound. Those dividends are free money,why not take it. I'm not sure free money accurately describes dividends. Yeah it really is pure free money. Hold the stock more than 365 days and you'll be taxed at a lower rate than regular income as well.
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