Investing megathread extravaganza

[DaFace]

A place to talk about investing stuff.

[Cornstock]

Originally Posted by DaFace

Yeah, I think Ed Jones has a place in the world for people who really have trouble figuring out how to invest or who are way behind on their strategy. But for the most part, their fees are stupid high, and you would be better off with even just doing a target date fund on your own.

Right, firms like ed Jones sell the fact that they will help you get to a realistic retirement goal with a very high probability. For a lot of people, that's all they ask; preserve their hard earned principal and grow a bit over inflation, or create an income strategy to supplement social security and provide an above modest lifestyle in retirement.

It's great for the "Just make it work" crowd, for those who don't have the time or desire to do it yourself. I compare it to changing your own oil. I could do it myself, but id rather pay someone to do it for me.

If you're concerned enough about it to be posting in here, ed Jones is probably not the best route. But there is a market for it.

[ChiliConCarnage]

https://www.bloomberg.com/news/artic...s-in-2-minutes

Singles Day firing up. Read 7.5 billion USD sales in first 40 minutes a bit ago for just BABA. JD shot up into green quick. Gotta respect making up new holidays to get ppl to spend money.

[scho63]

Bought 500 GE at $19.94

[eDave]

Nice modest two day correction for DOW this week. Nice. Should take off again.

[ChiliConCarnage]

Midnight. Alibabas online ticker finishes at 168 billion RMB for the day. 25 bill USD. About 50% more than last year

Jingdong may have had a huge day though. They had a screenshot on Twitter showing them at 111 billion RMB at 2:40 pm local time. If they're neck and neck with BABA in GMV they just gobbled up a lot of marketshare

[lewdog]

Originally Posted by scho63

Bought 500 GE at $19.94

General Electric in such financial stress that it may soon do the unthinkable: cut its beloved dividend.

John Flannery, GE's new chief executive, is under enormous pressure to restore confidence in a company facing a serious cash crunch and a nosediving stock price. One-third of GE's market value has vanished this year, making it the biggest Dow loser by a long shot.
GE (GE) is holding an investor update on Monday to detail a strategy to stabilize the company by slashing costs and selling off more businesses. Wall Street analysts are bracing for Flannery to announce layoffs and just the second cut to GE's coveted dividend since the Great Depression.
GE confirmed in a statement on Friday that "employee reductions," some of which have already begun, are part of a previously-announced plan to cut costs by $3 billion.
After GE reported awful results last month, Flannery said the dividend remains a "priority," but he didn't rule out a reduction.
The problem is GE isn't generating enough cash to cover dividend payouts promised to shareholders. It's a stunning development given GE's iconic status and a sprawling business that makes everything from jet engines and light bulbs to MRI machines.
GE is one of America's most widely-held stocks, making a decision to cut the dividend even tougher. Countless shareholders, including retirees, have come to rely on the quarterly dividend payments.
"Retail investors have stuck with GE through many, many years of underperformance simply because they've counted on that dividend," said John Inch, a Deutsche Bank analyst with a "sell" rating on GE.
"If you cut that dividend, all of a sudden that confidence is shaken," Inch said.
GE says it's been paying its dividend for more than a century, "proving its strength and reliability." The first dividend cut occurred in 1938 in the midst of the Great Depression.

http://money.cnn.com/2017/11/12/inve...ill/index.html

[Buehler445]

Man. What is the world coming to? GE isn’t worth owning.

Goddamn it I’m getting Old.

[Rain Man]

Originally Posted by scho63

Bought 500 GE at $19.94

Way ahead of you. I bought it years ago at 26.92.

[scho63]

Originally Posted by lewdog

http://money.cnn.com/2017/11/12/inve...ill/index.html

I expect it to be cut and want it to be cut.

[scho63]

I'm buying another 250 GE here at $19.54

[scho63]

Put order in to buy 250 more GE and it filled at $19.01.

That's it

1,000 shares at cost basis of $19.74

[Demonpenz]

I can attain Edward Jones is stupid high and it is the worst preformer. I am going to hold though because they are draftin out of my account and I got 3 quarters of withdrawals in there which is good saving for me. So they have to eat.and at-least for now I am executing saving some money. But yeah if I was a boss I would be doing a lot better. I still think people get wrapped up in penny pinching when people at those firms got to eat as well. I feel better day in and day out knowing that I am happier sharing the wealth than being a penny pinching guy. Obviously strategy but hey I haven't been so miserable that I kill myself. Hi five!

[Buehler445]

Originally Posted by scho63

Put order in to buy 250 more GE and it filled at $19.01.

That's it

1,000 shares at cost basis of $19.74

Jesus. So you own just under $20,000 of GE stock by itself?

I feel poor.

[lewdog]

Originally Posted by scho63

Put order in to buy 250 more GE and it filled at $19.01.

That's it

1,000 shares at cost basis of $19.74

What's your thinking on this?

Long term hold?

Short term gain, sell, profit?

[Amnorix]

Originally Posted by lewdog

What's your thinking on this?

Long term hold?

Short term gain, sell, profit?

I've had a very small amount of GE since 2008. Bought at $20.37. It's been a pretty meh investment. In retrospect, I should've sold when it went above $30 in 2016 and/or in 2017.

Dividends haven't been bad over the years, but now it sounds like they might cut them.

Suppose if you think it will quickly get back to $30+...

EDIT: I see GE cut its dividend in half. Blech...