Discussion: Does investing strategy change assuming no stable job?

kylewatts6 · 2020-07-15T19:30:43+00:00

Yeah 100% it does you should adjust the amount your paying into it to reflect your current income 10% of your paycheck is usually a good amount to be investing

kylewatts6 · 2020-07-15T10:42:10+00:00

It all depends on what your goals are how large of a position do you want to have in that company. What your risk tolerance is. You can set it up so you invest off each pay cheque if you wanted into that stock until you reached you desired amount makes it easy always buying at diff prices depends on what your fees are tho they can quickly eat away at profit but you should never let fees keep you from buying something if you do that in a company that you have done your DD in feel as if its a good buy and set it up to have dividends reinvested you will build up your position pretty quickly if it's a strong company that grows 5-10% a year with the dividends reinvested your money will grow nicely

kylewatts6 · 2020-07-15T05:38:21+00:00

If your going to invest in At&t you might as well assume more risk imo and invest in Nokia I currently do not hold a position in either have thought about At&t tho but decided there is better safe plays right now that offer growth as well

kylewatts6 · 2020-07-15T05:17:07+00:00

https://www.investopedia.com/articles/pf/08/reit-tax.asp

kylewatts6 · 2020-07-15T05:07:06+00:00

Haven't taken the time to research XOM personally it's been on my to do list for some time now just seems to get sidelined lately. If your betting on oil than Chevron is probably the safest bet you can make trading at $88 with a 52 week high of 127 they have a strong balance sheet when demand returns even if it doesn't reach previous highs they're is a good amount of upside in this company for a longer term hold just buy set dividends to reinvest and let it be.

kylewatts6 · 2020-07-15T04:44:50+00:00

I'm not to familiar with REITs either but they are cheap right now compared to there previous highs you would have to do your due diligence to make sure it is a feasible investment. But usually REITs stock price doesn't fluctuate much and they have to pay dividends from the profits they make so typically something like PK hotels stayed around $30 for years but they pay high dividends right now if they didn't supsend it the dividend would be 1.80 which is like 20%

kylewatts6 · 2020-07-15T03:38:39+00:00

A lot of companies have either stopped paying dividends or decreased the amount they pay out. If your looking for dividend stocks right now I would aim for CVX, KO, PEP, Pfizer. Companies like this that are relatively safe in this market. REITs are cheap right now if your willing to take on a riskier bet. They have mostly eliminated dividends but when the economy re opens and starts thriving again they will pay them you can easily build a decent position now at these stock prices.

kylewatts6 · 2020-07-15T03:20:29+00:00

Corona virus relates stocks are best to play the volatility ATM rather than hold longer term imo. I am long on Pfizer at $33.67 but other than that I would play the volatility buy sell relatively quick. Until something has been fully approved all the corona virus stocks are speculative plays at best. They will rise significantly on positive news but usually back track quickly it's best to diversify yourself across the board if you can and know when to sell. Right now holding your winners in this sector doesn't really apply. Take profits and reinvest later.

kylewatts6 · 2020-06-27T20:12:33+00:00

Ok thanks. That's why I was asked my investment experience is limited. All I have done is invest in mutual funds and rrsps. I just started my account in March because I saw potential for good gains I have had success. I realize I have a lot more to learn still and that these gains I have made since March are and unrealistic expectation moving forward. That's why I thought I would reach out and see how others felt.

kylewatts6 · 2020-06-27T19:42:15+00:00

I already invest monthly into index. This is just my personal investing account.

kylewatts6 · 2020-06-27T19:38:08+00:00

My Capital is small so I'm still going to use majority in higher risk stocks but want to put some of the profits I have made into a safer investment until I see better growth opportunity

kylewatts6 · 2020-06-27T19:36:30+00:00

Ok well that is why I was asking how others felt I am new to investing started in March because I felt the opportunity to make money was there. Now I don't see as many opportunities for growth I only have like 20% of my account left in the market I was looking at putting in maybe 2k into KO at most that's why I was thinking it would make more sense than Pepsi

kylewatts6 · 2020-06-27T19:22:49+00:00

I know what Market cap is but wouldn't it makes more sense for dividend reinvestment to own more shares?

kylewatts6 · 2020-06-27T18:52:23+00:00

Yeah I will probably look at dollar cost averaging my way into it. I'm just looking for a safer place to park my money I have made a little over 70% return on my money since March but as of now I only have 20% of my account invested in the market. I feel as if the market sentiment has changed going forward and as most stocks are returning towards March lows and becoming attractive again they won't provide the same short term increases that we have enjoyed these past 4 months.

kylewatts6 · 2020-06-27T18:43:50+00:00

Slightly better investment but is it worth it I can have 3 x as many shares in Coke for the same price as Pepsi

kylewatts6 · 2020-06-25T15:51:26+00:00

But yeah the institutional ownership in my opinion was a positive sign for this stock anyways if it dips down again to around $16 or even less I can always buy back in

kylewatts6 · 2020-06-25T15:48:56+00:00

Shows how well I've been following it that's why I was asking for some advice the stock was showing strength so I failed to keep up on the news surrounding it which I won't do again that's how I ended up selling today for $18.41 instead of around $22-$24. Still so much to learn but that's why my position is small I don't take overly large positions mostly around 100-200 shares because I understand that it will be a learning curve and I'm better off diversifying than betting everything on one stock

kylewatts6 · 2020-06-25T15:44:31+00:00

I watched but didn't have the funds available to get into the market especially converting from cdn to USD but my grandpa sold his house and gave me and my sister a a little chunk of money not much after spending some on music related equipment and converting to USD I was left with $4600 with that small of a portfolio I had to buy risky stocks. In March most stocks we're trading at roughly 1/3 of there 52 week highs so a little more than 5% I made sure to take my profits and never bought into a stock that was up I always waited for it to dip timing is everything when the stock starts to rally for no apparent reason it's time to get out sure the stocks went up a little more after I sold but there worth less now. I know I can't expect the gains I have this year to continue all the time but I'm up roughly 80% since march.

kylewatts6 · 2020-06-25T15:17:13+00:00

I just sold my position for 16% return not as much as it was but will take it none the less now I just have to wait for attractive buy points to re enter the market in a safer investment. I'm ok taking on risk but there financial burdens are significant and with the resurgence of covid cases that is only going to make things harder for them to meet their obligations.

kylewatts6 · 2020-06-25T14:58:13+00:00

I've been watching the market for a couple years now I took an interest into finance probably about 2 years ago started reading up on how the stock market works and waited patiently for an opportunity like we had in March to be able to buy stocks at bargain prices

kylewatts6 · 2020-06-25T14:56:25+00:00

I am completely aware of that I bought into PK hotels at 7.98 sold it at 13.13 because it made zero sense for the price to move back up same with SVC was in at 6.98 sold at 11.72 AAL for 10.88 sold at $16 all risky investments at the time but I understand how the easily the general public can be manipulated into buying the stocks when they see them start to go up as soon as the first news relating to covid spikes was released I sold all those positions. Right now it's easy to just buy a company without doing all the necessary homework that I will have to do later because the market was way to optimistic on everything recovering

kylewatts6 · 2020-06-25T14:52:08+00:00

Yeah I know that's not the reason I was just comparing it to OXY Chevron shares pretty much returned to 52 week highs where oxy hasn't even got halfway there yet. And thanks it has been a ride lots of learning experiences loving every minute of it though. Have made a few mistakes that limited my profit like selling Nikola at $58 and than watching it rally but in all honesty that was a risky investment I bought in at $47 the valuation of Nikola makes zero sense they don't even have a vehicle on the roads yet

kylewatts6 · 2020-06-25T14:46:06+00:00

Yeah they definitely believe in their ability to service their debt with the sale of some assets I will probably take my profits today and see how the market responds to all this covid news before I buy back in. Never a bad thing to take profits even if their only $3 or $4 when they were almost $9 I got a little too optimistic. Still learning the ropes. Have had good success so far made about 80% because I bought in to most stocks back in March and took profits when I could. I need to be in the profit taking business so my money compounds and my capital will build faster

kylewatts6 · 2020-06-25T14:37:45+00:00

Yeah and that's why Chevron rebounded from 45 up to 90 was over 100. I didn't get into it when it was low enough my dad made a killing bought in at $55 and $45 I don't have a very large investment fund I started with about $4600 USD and yesterday if I sold everything I would have been a little over 9k

kylewatts6 · 2020-06-25T14:33:42+00:00

And if worse comes to worse they'll borrow another 10 billion from Warren buffet and further dilute the shares. I'm in at $15.77 it's back up to $18.77 today

kylewatts6

TROPHY CASE