Sorry to hear it tulsadevlin. 2014 was a rather strange and Fed orchestrated market. Those who did best just bought a bunch of VOO or VTI with a healthy dose of TLT and sat on it. I am up a modest amount (need to do my year end excel work to see how much), but I'm coming up short against the 50/50 VTI/BND vanilla portfolio I benchmark against. My biggest blowups were AUY (ouch) and some energy plays. I feel fortunate that my few attempts to short the market did not burn me thanks to keeping very tight stops on those trades. I more or less made a very modest amount on BDCs, so that was not a strong area either.
Hope everyone has a nice end of the year and comes out very strong for 2015.
Believe me when I say my escape from DSL was not exactly at the top! I lost about 3 or 4% before I started looking very close at DSL to try to figure out what the heck was going on. I knew DSL had some exposure to Russian companies but not sure of what else. Anyway, escaped out of it only to watch it go down another 5%+.
Probably a decent amount of tax loss selling going on with it? It might see a Jan/Feb boost back up, although with all the issues a strong $US is causing around the world *plus* low oil *plus* Russia sanctions and the effect that is having seem to be causing pain for plenty of international countries. I very well might just stick with the good old USA for the time being.
Sounds like richelle lopez did not have a very merry xmas. Too bad...so sad.
Oil tankers have been doing great lately thanks to increasing demand from China and contango forming. Spot rates up across the board and 2015 is looking to be a good year. Overall though, shipping stocks is a tough industry to buy and hold in. An investor needs to be nimble to avoid really getting burned.
I personally got rid of any bond funds that had any international exposure like DSL. Too many factors going against various countries whose debt seems to be a holding of many many funds.
It cracks me up, you spend all your days just ranting and raving and calling other people names. In the meanwhile, all of us are busy spending our days making profitable trades and actually making money and growing our wealth. This is the third cosecutive profitable trade in NSM for me. Bought in average of $26.70 and have locked in a trailing 5% stop loss and will ride NSM as high as she is willing to go. Maybe some day richelle lopez you will learn to be a smart investor instead of a yahoo troll.
slick - My strategy has been to buy enough now in my taxable account to give me a pretty decent income to enjoy but also save a good pile of cash to use around mid to late spring 2015. Quite a few people are saying that is the likeliest period where a continued oil glut could lead to a true bottom in spot price. If it comes, great, I'll have the cash to spend to really load up on a few choice names. If it does not come about, well at least I bought some at what seems to be nice value prices now. MEMP at $13, ATLS at $26, ARP below $10, LNCO at $9, PAGP at $24, etc.
Kind of interesting that the stock is up a few pennies today even after that announcement. Looks like the massive turnover in shares has led to some pretty strong current owners.
Mr. Market does no such thing. Stocks are constantly being under/over valued every single day, and especially when a black swan comes up to ratchet up the panic in a certain sector.
I agree with you there. I currently still hold EPD and will likely keep holding. MMP is on my buy radar should the unit price get to the low-mid $60s again. I was in PAA but sold it and have been methodically moving money to the GP (PAGP).
I think ATLS is the way to play ARP. Should ARP make it through okay and come out of this crisis more or less good to go, then the ATLS spinco GP should be valued a *lot* more than the $1 Mr. Market is currently valuing it. Even if ARP totally implodes and takes the spinco GP with it, at least ATLS holders will convert partially to a strong company in TRGP plus some cash as part of the take over deal.
You are right to be skeptical wisejman. GDP these days is a 'goal seek' number that can be goosed to be whatever they want. I honestly don't even pay attention to what they say anymore. All I try to focus on is what the Fed wants. If they want me in stocks, then I'm in stocks. If they start sending out more conservative messages, I'm selling stocks.
I did the same as you frigator, put in a stink bid at $83.30 just in case GILD corrected another 10% off of all the confusion and chaos. Came close to our bids but no cigar! At least not for today. I'll keep my bid active just in case. Grabbed another 100 shares at $88 just because I like losing money, ha ha.