That sounds like a good plan. I agree there will be stocks that are undervalued, and overvalued, at all times. I guess that's why they say a "stock picker's market." In addition to URZ I am owning AEO, PBR, and that is it right now. Need to diversify more. What else are you holding?
Obamacare is going to be rough. I know a lot of people who lost their coverage and are planning to just pay the penalty. I pray they don't get really sick or have an accident or something, that's how people end up going bankrupt.
The Dow will hit 20,000? Do you think it will come as early as June of 2014? In your opinion will there be a down year for US stocks in the next decade?
Thanks for your opinion. Why do you think those would triple? Seems like the party might be over for gold stocks now?
Where would you put this one on the list? 20% per year means in 10 years the stock goes up about 6 fold. Not bad.
Know you guys have been here a long time. I am licking my wounds. To think I was all in SSO around 20 per share in 2009. It had dipped to 14 so I ended up selling in low 20s. Since then I have actually returned only about 90% total compared to 150% SPY and (gasp) 300% SDS.
My question is- seriously, how long can this go on? Can stocks just go up forever? I see SVXY UWM other leveraged bull plays have been going up 100% per year now. 100% per year, and that's on AVERAGE. I simply am lost right now and have no idea what to do as I cannot find any stocks that seem to be good values and also cannot see trying to bet against the Fed. What are you guys doing now?
Also if you had to pick just one stock to invest in for the next 10 years what would it be? Mine is LUK.
Oh my gosh. Can you imagine if you had made over 100K? I would go live on a beach for a few years.
It is intoxicating. I see some of the puts were up 150% today. A 10K investment would gain 15K but I don't think I could ever stomach that much since they usually expire worthless. How much do you put in each transaction, and what $ of the time do your puts expire worthless? I am wondering if it's too late to join the UVXY "put party" but I hope not.
Good luck, I hope you live as long as you want, 100 or more. ERII is exploding right now I think $10 is a lock in 2014 and maybe 15 or 20, no news today and it's up 10%, some good news may already have happened that we just don't know about yet.
How old are you? I think this $20 will happen by 2015, you surely can hold on. This is one I hope will change my life. Today is a nice beginning.
I see. I am looking to begin the trading of VIX as well as UVXY.
Should be only 1 day, correct? It says expires December 18 rather than 17.
In my brokerage account, the expiration date is shown as Wednesday. I don't hold any, just curious since the Fed meeting is Wednesday as well. Any idea why they show expiration on Wednesday? I have noticed the Tuesday VIX close seems to be what controls the value but it's strange.
Since the Fed meeting is Wednesday, and VIX options are listed as expiring Wednesday, how does it work? In the past I thought the closing VIX price on Tuesday controlled the options price.
What I mean is, let's say you hold the VIX 18 calls for next week. If VIX closed at 16 something on Tuesday, then 19 on Wednesday, which price would determine what your calls are worth? Thanks.
If this turns out to be a life changing technology could be 10 billion or $200 per share.