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onenickelmiracle
onenickelmiracle
Joined: Jan 26, 2012
  • Threads: 212
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April 2nd, 2020 at 12:11:27 PM permalink
I have to learn my lesson, buy and hold, at least for a few days or a week. Things didn't turn out like I had thought, waiting until the last 10 minutes to buy back in bc I think it'll sell off then.
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onenickelmiracle
onenickelmiracle
Joined: Jan 26, 2012
  • Threads: 212
  • Posts: 8277
April 2nd, 2020 at 12:24:59 PM permalink
God this is painful being out of the stock, I should have went for a walk lol
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onenickelmiracle
onenickelmiracle
Joined: Jan 26, 2012
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  • Posts: 8277
April 2nd, 2020 at 12:52:25 PM permalink
Ouch, ouch, ouch. Just have to remind myself, this is not whom i am. My life doesn't depend on 1 day or any trade.
I definitely made the wrong moves, lost out on about $500.
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onenickelmiracle
onenickelmiracle
Joined: Jan 26, 2012
  • Threads: 212
  • Posts: 8277
April 2nd, 2020 at 1:23:28 PM permalink
I will punish myself by giving myself a 10 days self-suspension unless something urgent changes like I'm sick. I will let myself post again 4.13.20
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Suited89
Suited89
Joined: Dec 23, 2019
  • Threads: 4
  • Posts: 106
April 2nd, 2020 at 2:15:49 PM permalink
Well, my financial hands are rather tied also. Cutting/Eliminating dividend can take 2-5 years to recover. The LTC capital collapse in '99 took 3 years for the REITs to recover. I made my first investments Dec. 2000 in some of them. A few are still around today notably ANH NLY O HT SKT and MFA. All I can say is I thought those days of 16% divi's was long gone. By 2005 the bloom came off that rose, and the horrible state of Mortgage REITs became known. Options, derivitives, pooling of mortgage-assets that were then wagered upon (so called binaries), mezzanine, tier, and structured 'instruments', institutions collecting the mortgage payment that were NOT in possession, or sold-off the rights, of the original payee's copy, and last and not least 'fill in the blanks applications'. Just a quagmire of greed, and gambling. By 2007 there were people not paying the mortgage, and suing that if the payee did not have their copy, or rights to it, that the payer's copy survives without payment due, and in some cases (notably Fla.) outright ownerhip unencumbered. Thats cheaper than buying a car, almost.

Well, theres a time to be actively investing, now, and a time to let things work out yay or nay, the future. IMHO it won't be until August that COVID-19 is far enough behind us to return to 'normal'. As I pointed out elsewhere here, the people of Wuhan are having difficulty readjusting... the fear lingers, the closed in secure feeling does not want to leave, and is hesitant.

Regards
8Geee
some people need to reimagine their thinking
Suited89
Suited89
Joined: Dec 23, 2019
  • Threads: 4
  • Posts: 106
April 7th, 2020 at 6:05:28 AM permalink
I've had second thoughts about SKT (Tanger Outlets). I looked at the property-holdings one more time. As it turns out, many of the locations are vacation/get-away dependant. Its SECONDARY to the hote/motel REITs investments made. Gonna toss this at the open today. If I'm lucky I made a buck a share. Like IRM and Ford, I had looked past the Debt/Equity ratio. But I see that the secondary nature, plus the high D/Eq ratio is rather poisonous, and SKT is of lower quality than originally thought. In plain language, its not a long-term bargain considering the lengthy travel and financial disruption.

Suited89
some people need to reimagine their thinking
onenickelmiracle
onenickelmiracle
Joined: Jan 26, 2012
  • Threads: 212
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April 8th, 2020 at 9:06:24 PM permalink
I think there is something fishy at Robinhood on purchasing bitcoin. Will think twice about buying there again, the next time I sell is the last time I do. The slippage is great, seems like every time I buy and sell, not getting close to what I expect on market orders. They do not charge commissions, but there are some fees being taken for something I forget, it should be very low about .006% but it's coming out really expensive and a lot more than this. I'm being ripped off buying and selling, I'm very suspicious, will not trust them again for this. See you in a few days.
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rainman
rainman
Joined: Mar 28, 2012
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April 8th, 2020 at 9:32:31 PM permalink
Welcome back ZenKing, TD Ameritrade cant be beat.
onenickelmiracle
onenickelmiracle
Joined: Jan 26, 2012
  • Threads: 212
  • Posts: 8277
April 8th, 2020 at 9:53:16 PM permalink
Quote: rainman

Welcome back ZenKing, TD Ameritrade cant be beat.


Fake craptocurrency i know. Insulted being put on the same stage as ZK, not funny.
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rainman
rainman
Joined: Mar 28, 2012
  • Threads: 18
  • Posts: 1466
April 8th, 2020 at 10:49:52 PM permalink
Nothing wrong with crypto, nothing wrong with a little humor at your expense no offense.

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