I've been averaging down big time on these. JPM on sale today since it came out that they're the largest counterparty for that chinese madman shorting nickel on the LME. I don't see this being a huge problem for the bank, buying a bit more today.
If you are indicating banks track the spy why wouldn't I just limit buying/holding the spy and reduce the risk. Btw, you get healthy dividends with spy index. Finally. 2.4 annual dividend never makes up for 12 percent or more loss in stock price. Still, I am taking the suggestion and do own GS, jbm but don't have luxury of using put spreads in my cash based ira. So can't dampen the loss so just an observation.
much appreciated - seems like a safer play and in line with GM's general recommendations to get into big cap dividend paying stocks-- but I just wanted to point out the correlation between banks being recommended to SPY 's 12% loss; and if the banks and spy are correlated, then why buy banks? But again, much appreciated!! I will gladly look into SPYD since growth stocks pond that I fish in are way out of favor.
I’ve been slowly buying the banks on your advice. Long term holds I agree. Plan on keeping these for 20+ years. Will be scratching my head if I’m still in the red by that time.
20+ years ::: "still in the red" will not happen. again in the red may be posible. there will be a time we have to throw all stocks away an simply run.
I've been Curious about this as well. If a mega crash is coming (which I agree there is), why not wait and buy these at a major discount...?
I'm assuming they are a solid diversification hedge. If things keep ripping, they rip too. If Mega dump comes, just buy more and more to lower price of core position and they will be fine long term...
I've been averaging down big time on these. JPM on sale today since it came out that they're the largest counterparty for that chinese madman shorting nickel on the LME. I don't see this being a huge problem for the bank, buying a bit more today.
I had bought at 143. And now bought some at 131. I believing in you Greg !
The definition of a core holding is a short-term trade that went against you.
Thank you Greg 😎
Thank you for the update Greg 👍
There was a guy named blow-pony
Who Greg said was full of baloney
Blow-pony was short
and Greg he went long
Someone should make this a song.
Sorry, I could not help myself.
The rate of change of the M2NSA went to ZERO, don't miss that clue next time.
Bailout!https://www.americanbanker.com/news/a-big-bank-is-in-trouble-and-no-one-knows-which-one-or-why
Greg is this the best way to comment. on things you share?
Just got your book.. Southcoastsalt.❤🙌💪
If you are indicating banks track the spy why wouldn't I just limit buying/holding the spy and reduce the risk. Btw, you get healthy dividends with spy index. Finally. 2.4 annual dividend never makes up for 12 percent or more loss in stock price. Still, I am taking the suggestion and do own GS, jbm but don't have luxury of using put spreads in my cash based ira. So can't dampen the loss so just an observation.
If you like SPY, you might like SPYD. It pays a higher dividend with a smoother ride.
much appreciated - seems like a safer play and in line with GM's general recommendations to get into big cap dividend paying stocks-- but I just wanted to point out the correlation between banks being recommended to SPY 's 12% loss; and if the banks and spy are correlated, then why buy banks? But again, much appreciated!! I will gladly look into SPYD since growth stocks pond that I fish in are way out of favor.
I don't think all the banks will make it through but some of the largest will like jpm. Hold tight your right.
I’ve been slowly buying the banks on your advice. Long term holds I agree. Plan on keeping these for 20+ years. Will be scratching my head if I’m still in the red by that time.
20+ years ::: "still in the red" will not happen. again in the red may be posible. there will be a time we have to throw all stocks away an simply run.
America sending heavy tanks to Poland so the war can spill over into Poland and then Germany. It might be a good idea to start learning Russian. 👍
U.S. Heavy Combat Vehicles Arrive In Poland
https://www.youtube.com/watch?v=3tZ1Zgo_9rk
Started buying on your recommendation and I'm down 23% in JPM and 18% in GS. If I would have bought all the dips it would be far worse.
what if we see the ultimate crash and bonds collapse and yield spikes up like you tell us it would. Will you still hold these long term?
I've been Curious about this as well. If a mega crash is coming (which I agree there is), why not wait and buy these at a major discount...?
I'm assuming they are a solid diversification hedge. If things keep ripping, they rip too. If Mega dump comes, just buy more and more to lower price of core position and they will be fine long term...
Hi Greg
as always thank you for the update. you rock! Bravo!
Thank you Greg for the update
.