52 week low on JEPI. No dividend is going to hedge against what is coming. I’m gonna hold my miners and energy. All of which are in the dumpster. But my horizon is 5 years and eventually I’m betting I’ll be rewarded.
At this point those who lose the least will be the winners. Problem I see with JEPI and all ETFs is that they have no backing and when this house of cards collapses so will they. I'm surprised Greg is still holding it, I supposed it's because he believes there will be a correction but not a chaotic destruction of the market system and that trading will continue in similar fashion as before after the dust settles. I'm not convinced that is the case but the options for guarding wealth are llmited.
Agree. I’m 55% cash. 30% PMs. 15% equities. Miners and oil, plus a couple arbitrage opportunities that are holding up nicely. That portfolio plus a R2000 short was up 8% last week. The rest of it looks like a multi train collision. I’m not surprised at the miners, total gamble anyway. What has really surprised me is energy, especially LNG. All the so called “experts” who predicted massive surges in price, especially when the exports to the EU began have not just been wrong. They’ve been totally obliterated. Not to mention discredited. Long term they are probably correct so I’m holding. But it’s hard to watch.
You don't think energy is a temporary casualty of a pan selloff? 🤔 When people panic everything goes, and if they need to cover shorts they will sell even solid stocks. In the end, even if half the world's population is gone there will be a need for energy, there's no life without it. Oil and gas are assets and any company that can get it out of the ground will profit. True that it would be best to buy it at the very bottom but who can predict that bottom? The same goes for miners I think, at least the ones that are real.
One other thing, since I disclosed everything else. I am watching $ZIM. It pays a nice dividend and has been hammered pretty good. I did own it before November. So I might nibble on that at some point. I think it’s really too soon for bargain hunting. Expecting a dead cat bounce at some point and then new lows.
I see ZIM, the Israeli shipping company and it claims to pay 112% dividend, is that even possible??? it doesn't say how frequently .. Why the $ before t he ticker?
Things are getting surreal,but not surprising to us.Sheeple are going about life as oblivious as the parties listening to music on the deck of the Titanic
Indeed, yes I do. Exactly as you state. For me energy is the “trade of the decade.” I sold everything in November. At that point I was 80% cash, 20% PMs. I have been adding to PMs every month to bring that up to about 30-35% of total. Then I went back in on 5 jr mining stocks, 5 energy stocks (down to 3 at present), two high dividend stocks $MO and $JEPI, and 2 arbitrage opportunities. I have also taken a relatively new position in ASPS which is a specialized firm that processes foreclosures. It used to trade at 160. I bought it at 9, it’s up 30% since I entered. I’ll probably let it settle back and buy more. Because there is no doubt that we are in the first half of the first inning of the coming foreclosure wave. And as one of a very small number of firms that specialize, and maybe the only not privately owned, they could do very well. My goal is always to own 10 stocks or less. Like kids, a few are great. Too many is overwhelming. I should dump one of my miners, but they are all down so far, 20-60% it hardly seems worth it at this point.
I am still holding 1/2 my original JEPI in order to get the October dividend. Unless it rebounds the rest will go once past the ex date. Then I’ll be at 10 and other than monitoring the two arbitrage opps I can forget the rest of it and check it in a year.
Greg can you please address how well Bitcoin and Crypto is holding up through all of this carnage, I would greatly appreciate it, I am beginning to think that Bitcoin may just hold up and do what it was originally intended to do, thoughts good Sir?
In March 2020 when the Dow dropped to 19000 the MMRI would have been around 38. What was different at that time? Yes, I know that low risk doesn't mean no risk but that was way off so I wonder what other factor was influencing it.
The Captain has turned on the fasten your seat belt sign!
Went down the road today to take cash out of the ATM. Will keep doing this for the next few days until bank account is low.
Same brother
52 week low on JEPI. No dividend is going to hedge against what is coming. I’m gonna hold my miners and energy. All of which are in the dumpster. But my horizon is 5 years and eventually I’m betting I’ll be rewarded.
At this point those who lose the least will be the winners. Problem I see with JEPI and all ETFs is that they have no backing and when this house of cards collapses so will they. I'm surprised Greg is still holding it, I supposed it's because he believes there will be a correction but not a chaotic destruction of the market system and that trading will continue in similar fashion as before after the dust settles. I'm not convinced that is the case but the options for guarding wealth are llmited.
Agree. I’m 55% cash. 30% PMs. 15% equities. Miners and oil, plus a couple arbitrage opportunities that are holding up nicely. That portfolio plus a R2000 short was up 8% last week. The rest of it looks like a multi train collision. I’m not surprised at the miners, total gamble anyway. What has really surprised me is energy, especially LNG. All the so called “experts” who predicted massive surges in price, especially when the exports to the EU began have not just been wrong. They’ve been totally obliterated. Not to mention discredited. Long term they are probably correct so I’m holding. But it’s hard to watch.
You don't think energy is a temporary casualty of a pan selloff? 🤔 When people panic everything goes, and if they need to cover shorts they will sell even solid stocks. In the end, even if half the world's population is gone there will be a need for energy, there's no life without it. Oil and gas are assets and any company that can get it out of the ground will profit. True that it would be best to buy it at the very bottom but who can predict that bottom? The same goes for miners I think, at least the ones that are real.
One other thing, since I disclosed everything else. I am watching $ZIM. It pays a nice dividend and has been hammered pretty good. I did own it before November. So I might nibble on that at some point. I think it’s really too soon for bargain hunting. Expecting a dead cat bounce at some point and then new lows.
I see ZIM, the Israeli shipping company and it claims to pay 112% dividend, is that even possible??? it doesn't say how frequently .. Why the $ before t he ticker?
Can you show a line graph for the MMRI so we can see the history and pattern?
When it first came out it was in the mid 80's. On 3-21-22 it was 136.60. Hope this helps.
https://www.tradingview.com/chart/?symbol=TVC%3ADXY*TVC%3ATNX%2F1.61
^^^ stolen from this blog (brilliant thieve)
Things are getting surreal,but not surprising to us.Sheeple are going about life as oblivious as the parties listening to music on the deck of the Titanic
Indeed, yes I do. Exactly as you state. For me energy is the “trade of the decade.” I sold everything in November. At that point I was 80% cash, 20% PMs. I have been adding to PMs every month to bring that up to about 30-35% of total. Then I went back in on 5 jr mining stocks, 5 energy stocks (down to 3 at present), two high dividend stocks $MO and $JEPI, and 2 arbitrage opportunities. I have also taken a relatively new position in ASPS which is a specialized firm that processes foreclosures. It used to trade at 160. I bought it at 9, it’s up 30% since I entered. I’ll probably let it settle back and buy more. Because there is no doubt that we are in the first half of the first inning of the coming foreclosure wave. And as one of a very small number of firms that specialize, and maybe the only not privately owned, they could do very well. My goal is always to own 10 stocks or less. Like kids, a few are great. Too many is overwhelming. I should dump one of my miners, but they are all down so far, 20-60% it hardly seems worth it at this point.
I am still holding 1/2 my original JEPI in order to get the October dividend. Unless it rebounds the rest will go once past the ex date. Then I’ll be at 10 and other than monitoring the two arbitrage opps I can forget the rest of it and check it in a year.
thanks for the update, GM, it's appreciated
276.4 now - we're just flying into the volcano now
Love this MMRI indicator....
Greg can you please address how well Bitcoin and Crypto is holding up through all of this carnage, I would greatly appreciate it, I am beginning to think that Bitcoin may just hold up and do what it was originally intended to do, thoughts good Sir?
Mark my word...we will be in the red zone by weeks end! Rip roarin fun aint it!!!
Dont run for the hills though stick around and help your neighbors they are going to freak out
Let the Shit show continue! Thank God I have you in my corner so I am not Scared!
Exactly how I feel!
I guess I still wish it didn’t have to happen. After winter would be better. But I do feel grounded since finding GM that’s for sure.
FREEJACK ..FREE MOVIE
Movie for Greg , it struck me as I just turned this on that you would likely enjoy it.
https://tubitv.com/movies/510564/freejack?start=true
cheers
I think there are claims that the yield could be that high, not the actual dividend. High dividend, low share price, greater yield.
$ prior to ticker symbol is a convention indicating it is a ticker symbol, versus an ancronym for something else.
Looks like your MMRI system works, too bad they won't let use something like this in the casinos.
In March 2020 when the Dow dropped to 19000 the MMRI would have been around 38. What was different at that time? Yes, I know that low risk doesn't mean no risk but that was way off so I wonder what other factor was influencing it.