jonebone | 1,307 Posted March 19, 2020 Share Posted March 19, 2020 I'm also expecting the "We have a vaccine" to be the spark that does turn the stock market around when that does happen. I'm not saying that a vaccine is going to be some magical cure all that ends everything, but the public perception factor will be huge. Link to comment Share on other sites More sharing options...
arch_8ngel | 1,597 Posted March 19, 2020 Share Posted March 19, 2020 35 minutes ago, jonebone said: I'm also expecting the "We have a vaccine" to be the spark that does turn the stock market around when that does happen. I'm not saying that a vaccine is going to be some magical cure all that ends everything, but the public perception factor will be huge. Yeah, but legitimate "we have a vaccine" news is a year away, at least, once you consider safety-testing (already started) being followed by efficacy-testing. In the interim, hopefully there will be some more good news about the various anti-virals being effective, and maybe alleviation of supply-chain concerns on ventilators. Link to comment Share on other sites More sharing options...
arch_8ngel | 1,597 Posted March 20, 2020 Share Posted March 20, 2020 So how about Gamestop trying to declare themselves "essential" so they can stay open in places that are closing all non-essential stores during the pandemic? Seems like a self-declaration that they know they won't survive this downturn. 1 Link to comment Share on other sites More sharing options...
Mega Tank | 960 Posted March 20, 2020 Share Posted March 20, 2020 1 minute ago, arch_8ngel said: So how about Gamestop trying to declare themselves "essential" so they can stay open in places that are closing all non-essential stores during the pandemic? Seems like a self-declaration that they know they won't survive this downturn. Essentially, they are screwed Link to comment Share on other sites More sharing options...
Daniel_Doyce | 470 Posted March 20, 2020 Author Share Posted March 20, 2020 1 hour ago, arch_8ngel said: So how about Gamestop trying to declare themselves "essential" so they can stay open in places that are closing all non-essential stores during the pandemic? Seems like a self-declaration that they know they won't survive this downturn. I did see that. Took some chutzpah to make that declaration. I think they should stay open since the employees will be safely quarantined against the general public while working in the stores. Link to comment Share on other sites More sharing options...
a3quit4s | 4,096 Posted March 20, 2020 Share Posted March 20, 2020 It’s almost like they want the bad press to try and drive people to the stores lol Link to comment Share on other sites More sharing options...
Gloves | 11,773 Administrator · Posted March 20, 2020 Share Posted March 20, 2020 Yeah Gamestop can go fuck themselves. Link to comment Share on other sites More sharing options...
Kguillemette | 1,544 Posted March 20, 2020 Share Posted March 20, 2020 4 hours ago, arch_8ngel said: So how about Gamestop trying to declare themselves "essential" so they can stay open in places that are closing all non-essential stores during the pandemic? Seems like a self-declaration that they know they won't survive this downturn. I have to imagine they are trying to stay alive long enough to get to the launch of ps5 and new xbox for one final big cash in before they shutter it. I give them 4 years. Link to comment Share on other sites More sharing options...
tbone3969 | 304 Posted March 20, 2020 Share Posted March 20, 2020 I hope they go under personally. Link to comment Share on other sites More sharing options...
Californication | 1,477 Posted March 20, 2020 Share Posted March 20, 2020 I want to buy gold. Charles Schwab is telling me to pick an ETF or Mutual Fund, and advice? Link to comment Share on other sites More sharing options...
arch_8ngel | 1,597 Posted March 20, 2020 Share Posted March 20, 2020 Just now, Californication said: I want to buy gold. Charles Schwab is telling me to pick an ETF or Mutual Fund, and advice? I am a strong believer that gold shouldn't be more than 5% of your portfolio. It doesn't "do" anything, really, but it is pretty and if you have one ounce rounds they make an awesome ringing sound when you flip them. I keep a little SGOL as well. In terms of ETFs, there are some interesting portfolio concepts on Portfolio Analyzer (ranging from 3 fund up to 7 or 8 depending on how much you want to weight specific things). Link to comment Share on other sites More sharing options...
Californication | 1,477 Posted March 20, 2020 Share Posted March 20, 2020 Is there anything that moves with the spot rate or are there always other variables? Link to comment Share on other sites More sharing options...
Estil | 1,264 Posted March 20, 2020 Share Posted March 20, 2020 I don't understand all the hype the past several years regarding investing in gold...isn't the idea of investing to buy low and sell high? If anything, the gold bubble is due to burst at any moment. Link to comment Share on other sites More sharing options...
arch_8ngel | 1,597 Posted March 20, 2020 Share Posted March 20, 2020 4 minutes ago, Californication said: Is there anything that moves with the spot rate or are there always other variables? SGOL, IAU, etc tend strongly to track with spot rate. They are basically structured in a way that if you owned enough of them you can force them to trade you physical gold for the shares, which in turn means the prices have to track the portion of the commodity they imply, plus some small premium. You can't buy physical gold at spot, either, unless you are transacting obscene quantities. Link to comment Share on other sites More sharing options...
Californication | 1,477 Posted March 20, 2020 Share Posted March 20, 2020 10 minutes ago, arch_8ngel said: SGOL, IAU, etc tend strongly to track with spot rate. They are basically structured in a way that if you owned enough of them you can force them to trade you physical gold for the shares, which in turn means the prices have to track the portion of the commodity they imply, plus some small premium. You can't buy physical gold at spot, either, unless you are transacting obscene quantities. So I am looking at SGOL and the chart shows from $145 to to 14 in Nov. of '19. Is that just an adjustment of srock outstanding? Link to comment Share on other sites More sharing options...
Daniel_Doyce | 470 Posted March 20, 2020 Author Share Posted March 20, 2020 Platinum is at the lowest it's been in more than 10 years if you're going to go that route. I wouldn't personally buy since I don't understand the reasons why and because there are so many massive opportunities in the stock market right now. Link to comment Share on other sites More sharing options...
Daniel_Doyce | 470 Posted March 20, 2020 Author Share Posted March 20, 2020 40 minutes ago, Californication said: So I am looking at SGOL and the chart shows from $145 to to 14 in Nov. of '19. Is that just an adjustment of srock outstanding? SGOL had a 10 for 1 stock split in 2019. Stock splits have no practical effect on the stock, except maybe some increased liquidity in some cases and a lower share price. Link to comment Share on other sites More sharing options...
Californication | 1,477 Posted March 21, 2020 Share Posted March 21, 2020 @arch_8ngel - Regarding SGOL I went to buy and it said something like the ask is .50 more per share to purchase. I set it up to go through on Monday, but was a little surprised at the rate. Link to comment Share on other sites More sharing options...
Californication | 1,477 Posted March 21, 2020 Share Posted March 21, 2020 (edited) 1 hour ago, Daniel_Doyce said: Platinum is at the lowest it's been in more than 10 years if you're going to go that route. I wouldn't personally buy since I don't understand the reasons why and because there are so many massive opportunities in the stock market right now. The why is I don't know what I am doing, but I feel pretty comfortable gold will go up. My issue with going for other stocks is that so many stocks were inflated so it's hard for me to tell if they have dropped down to were they should be yet. Personally, I think there is a ton of money to be made because of the volatility, but as a layman, I don't feel comfortable picking a couple stocks to go in on, because the recession hasn't really ramped up yet and I don't know which stocks are going to bounce. So gold is my bet. Edited March 21, 2020 by Californication Link to comment Share on other sites More sharing options...
arch_8ngel | 1,597 Posted March 21, 2020 Share Posted March 21, 2020 (edited) 1 hour ago, Californication said: @arch_8ngel - Regarding SGOL I went to buy and it said something like the ask is .50 more per share to purchase. I set it up to go through on Monday, but was a little surprised at the rate. I don't trade after hours, but bid ask spread can get pretty wide if you do. Edit -- keep in mind that even a major gold bug like Harry Browne didn't call for more than 25 percent allocation, and that is way higher than most would recommend Edited March 21, 2020 by arch_8ngel Link to comment Share on other sites More sharing options...
Californication | 1,477 Posted March 21, 2020 Share Posted March 21, 2020 (edited) 45 minutes ago, arch_8ngel said: I don't trade after hours, but bid ask spread can get pretty wide if you do. Edit -- keep in mind that even a major gold bug like Harry Browne didn't call for more than 25 percent allocation, and that is way higher than most would recommend Right, but you are talking about managing a properly diversified portfolio. I am talking about makimg a small educated gamble. Edited March 21, 2020 by Californication Link to comment Share on other sites More sharing options...
arch_8ngel | 1,597 Posted March 21, 2020 Share Posted March 21, 2020 7 hours ago, Californication said: Right, but you are talking about managing a properly diversified portfolio. I am talking about makimg a small educated gamble. How overweight are you planning to go? I think you are making a less educated gamble than you realize, and there are probably better ways to get on more downside. Link to comment Share on other sites More sharing options...
Californication | 1,477 Posted March 24, 2020 Share Posted March 24, 2020 What do you guys think about Home Depot? Link to comment Share on other sites More sharing options...
Daniel_Doyce | 470 Posted March 24, 2020 Author Share Posted March 24, 2020 7 hours ago, Californication said: What do you guys think about Home Depot? Seekingalpha has decent analysis by many different analysts, all with their own biases, of course. Before you buy into a stock, read at least a couple of their last financial statements too. Informally, it doesn't seem like something you're going to get too burnt on and has a decent dividend.Assuming people will forgo repairs during the crisis, there may be a nice spike in late 2020 or 2021. But you can pretty much say that about any retailer that survives. Link to comment Share on other sites More sharing options...
arch_8ngel | 1,597 Posted March 24, 2020 Share Posted March 24, 2020 13 minutes ago, Daniel_Doyce said: Seekingalpha has decent analysis by many different analysts, all with their own biases, of course. Before you buy into a stock, read at least a couple of their last financial statements too. Informally, it doesn't seem like something you're going to get too burnt on and has a decent dividend.Assuming people will forgo repairs during the crisis, there may be a nice spike in late 2020 or 2021. But you can pretty much say that about any retailer that survives. Seeking Alpha can occasionally stir up some interesting tickers, but you have to keep in mind they are essentially a bunch of amateur bloggers posing as stock experts. Take everything they say with a generous heaping of salt. To the part in bold, though...there are waves and waves of companies right now suspending dividends for the duration of the crisis. Almost all dividends should be seen as disposable at this point. Link to comment Share on other sites More sharing options...
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