$5k Investment NOW - Let's Beat the Covid Blues w/investment fun

Discussion in 'General Discussion' started by Stee6043, Mar 24, 2020.

  1. JVM225

    JVM225 Well-Known Member GOLD Sponsor

    Apr 8, 2008
    Farmingdale, NY
    2002 410 Sundancer, Monaco Edition.
    3126 Cats.
    Looking like people may not want to own stocks over this weekend. That’s been a common phenomenon in uncertain times like these.
    Going to be interesting to see if the House gets the bill through before the close and if so, what impact it will have.
    There very well may be some drama that delays the signing today, but it will get signed at some point.
    If the bill doesn’t get signed before 4:00, it may be a good time to pick up that stock you wish you had bought Monday.
    Lots of potential for up markets next week. Idea of backing down some of the shutdown in parts of the country, Italy turning a corner, faster test kits being shipped, more results of therapeutic treatments, etc..
    We’re still in for more volatility, but they’re light years ahead of where they were with this thing a week or two ago.
     
    Last edited: Mar 27, 2020
  2. Flytrade

    Flytrade Member

    196
    Feb 20, 2018
    Bradenton, FL
    2006 320 Sundancer
    Twin 6.2L Mercruiser
    I want to start out by saying I am 75 years old, but still a novice investor. However, I believe the worst is yet to come as far as the virus and stocks are concerned. It would be nice if we could get the country working in a few weeks, but I have my doubts. If I'm right, the dow will bounce up and down depending on the news of the day, and the day traders taking their profits, but the overall trend will be down to what I believe will be about the dow at 10K. Therefore, rather than go long I am shorting stocks that have ticked up on some short term news. As an example, stocks such as cruise lines, airlines, etc. are in a downtrend. If they to higher on a short uptrend, I will short with a buy stop a point or so above the sell price. That will limit my loss if I'm wrong. If the stock continues to go down, I will short more and lower my sell stop.
    I also like gold for the long run. Any turbulence in the world will send it higher. However, the gold ETF's with a high beta will give the most bang for the buck. Look at NUGT or JNUG for their recent swings. If they go back to their value of just a couple months ago, that will give a 500%+ return on investment.
    Just a few humble thoughts from an old man.
     
    boatman37 likes this.
  3. M Prod

    M Prod Well-Known Member

    Oct 6, 2017
    North Vancouver, BC
    2005 Sundancer 340
    Zodiac Cadet w/FCT console Yamaha F20
    Kohler 5KW Genny
    8.1 Horizons /V Drives
    I definitely don’t think right now is the time to buy. We have a very, very long road ahead and the bottom has yet to fall out of the market really. Maybe in June if things stabilize but I fully expect the market to tumble well below 15k before it’s done.

    Of course ..just my opinion. I would be very happy as would my retirement savings, if I were wrong.
     
  4. Golfman25

    Golfman25 Well-Known Member

    Sep 12, 2009
    IL
    281
    V8
    A lot depends on how long this chit goes on. All companies will be revising their forecasts for the rest of the year. The question remains whether that's baked into the current market. Probably not.
     
  5. JVM225

    JVM225 Well-Known Member GOLD Sponsor

    Apr 8, 2008
    Farmingdale, NY
    2002 410 Sundancer, Monaco Edition.
    3126 Cats.
    I sold the stuff in my “free” online account this morning.
    Since opening it last week, I was up 50% overall.
    I took out my initial $2000.00 investment and left the
    $1,000.00 profit in there.
    It’s invested, so I’ll see where it goes.
    Playing with found money now.
    Didn’t fool around with it too much today.
    Weather is beautiful, so I took advantage of it and spent the afternoon unwrapping the boat and puttering around in the fresh air.
     
    Ezsteps likes this.
  6. boatman37

    boatman37 Well-Known Member

    Jun 6, 2015
    pittsburgh
    2006 Crownline 250CR. 5.7 Merc BIII
    Previous: 1986 Sea Ray 250 Sundancer. 260 Merc Alpha 1 Gen 1
    5.7 Merc BIII
    Very slightly green today in my real money account
     
  7. Moondoggie

    Moondoggie Member

    86
    Jul 6, 2018
    Central Fl.
    2018 Sea Ray SPX 210 OB
    2018 Ford F-150 Lariat
    Single Merc 150
    Play money, RCL. 147 sh @ 34.01.
    Low was 19.25.
     
  8. mnm99

    mnm99 Well-Known Member

    Oct 2, 2015
    Long Island
    2004 340 SeaRay Sundancer
    Twin 8.1 Merc
    Playing around with $250. Down $21 today.

    Guys where was that website you can set up and trade with PLAY money?
     
    Last edited: Mar 28, 2020
  9. boatman37

    boatman37 Well-Known Member

    Jun 6, 2015
    pittsburgh
    2006 Crownline 250CR. 5.7 Merc BIII
    Previous: 1986 Sea Ray 250 Sundancer. 260 Merc Alpha 1 Gen 1
    5.7 Merc BIII
    There are a few but I used TD Ameritrade thinkorswim paper trade. https://www.tdameritrade.com/tools-and-platforms/thinkorswim/features.page#!/pmregister

    By default it has a 20 minute chart delay. If you are looking for long term trading it's fine. If you are looking at day trading then you can call them and ask them to set it to real time. It isn't 100% accurate as I have set sell orders and had them trigger when the price never actually touched my price but got real close. Not sure if you can do it on the paper trade account but on the real account you can share chart setups, etc. So if I have a good setup that you like I can send you a link that you download and it will set your charts the same as mine.
     
  10. Todd320

    Todd320 Well-Known Member

    Jul 21, 2016
    St. Petersburg, FL
    2007 Sea Ray 320DA
    Twin V-drive 5.7L 350 Horizon
    We bought Norwegian cruise lines, NCLH, at 10. We are holding it for the a longer term, not a quick sale. Quite possibly, they will never bounce back/or fail, but if they get back to half their high, they would be at 25-ish. If they can get back to the solid 40s they were trading for, that would be great.
     
    JVM225 likes this.
  11. Ezsteps

    Ezsteps Well-Known Member PLATINUM Sponsor

    Nov 14, 2015
    Lake St. Clair-- Michigan (MacRay Harbor)
    1999 400 Sundancer, YL310 Zodiac, MX 335 Novurania
    7.4 Mercuisers Horizons 380 hp ea., 9.9 hp Mercury, 30 Yamaha
    I hope they make it through this and all the other lines as well. I put a deposit on 4 more NCL cruises when we were on The Sun in Feburary.
     
    Todd320 and JVM225 like this.
  12. mnm99

    mnm99 Well-Known Member

    Oct 2, 2015
    Long Island
    2004 340 SeaRay Sundancer
    Twin 8.1 Merc
    From my research Carnival has the most liquid assets and is in a better position then the others.
     
    JVM225 likes this.
  13. Flytrade

    Flytrade Member

    196
    Feb 20, 2018
    Bradenton, FL
    2006 320 Sundancer
    Twin 6.2L Mercruiser
    I can't imagine this virus pandemic ending quickly - like falling off a cliff. I would imagine it will slowly diminish until it's no longer a major threat - sort of like our current flu. If that is true, then all cruise lines would be in the middle between "I'm not going on a cruise because I can remember all those people stuck on a cruise ship, and I want to be safe" and on the other side "I just can't wait to go on a cruise so I can buy another cheap straw hat in the Caribbean."
     
  14. JVM225

    JVM225 Well-Known Member GOLD Sponsor

    Apr 8, 2008
    Farmingdale, NY
    2002 410 Sundancer, Monaco Edition.
    3126 Cats.
    We were thinking of an Alaska cruise next year but if prices are right and cruise lines are still in business after all this settles down we may move it up to early September of this year.
    Our last cruise was on RC and it got back on 3/15. We were the last cruise before they went on hiatus.
    We left on 3/8 and when we got back the whole world was upside down.
     
    Ezsteps likes this.
  15. Golfman25

    Golfman25 Well-Known Member

    Sep 12, 2009
    IL
    281
    V8
    I wouldn’t get on a cruise on a good day. Neighbor and I where talking about avoiding planes. Sure we aren’t the only ones.
     
  16. Ezsteps

    Ezsteps Well-Known Member PLATINUM Sponsor

    Nov 14, 2015
    Lake St. Clair-- Michigan (MacRay Harbor)
    1999 400 Sundancer, YL310 Zodiac, MX 335 Novurania
    7.4 Mercuisers Horizons 380 hp ea., 9.9 hp Mercury, 30 Yamaha
    I wish I was on Jost Van Dyke right now....
     
    carterchapman likes this.
  17. Jimmy Buoy

    Jimmy Buoy Well-Known Member

    Dec 3, 2008
    Sarnia, Ontario, Canada
    340 Amberjack
    twin 8.1S 370 Hp + 4.5 Westerbeke Genset
    Sold all the stock I bought over the last week or so on Thursday (even though it was still going up during the day). Along with others, sold the HTZ (Hertz) for 8.13 (bought Mar20 @ 4.95, Mar 23 @6.60, and Mar 25@8.39). Thought I'd better get out since the stimulus bump had already happened, but the virus was ramping up big time. Tidy profit from HTZ alone, but glad I stepped out when I did. Will be watching for more opportunities in the coming weeks though.
     
    Last edited: Mar 28, 2020
    JVM225 and boatman37 like this.
  18. carterchapman

    carterchapman Well-Known Member TECHNICAL Contributor SILVER Sponsor

    Mar 25, 2008
    Lake Chickamauga/Marietta, GA/Ft. Myers, FL
    2006 Sea Ray 58 DB
    MAN CRM V8-900s, Twin Disc Drives; Onan 21.5 Generator
    Flew in my "private jet" from Ft. Myers to Atlanta last night. Well, it was a 200 seat B757 with 1 other person with me in FC (18 open seats), 2 people in Economy Comfort (28 open seats) and 20 people in coach (130 open seats).
     
    dtfeld, Ezsteps, JVM225 and 2 others like this.
  19. Todd320

    Todd320 Well-Known Member

    Jul 21, 2016
    St. Petersburg, FL
    2007 Sea Ray 320DA
    Twin V-drive 5.7L 350 Horizon
    Typically, I only buy stock in a company that I would buy their products personally, for example, Apple, and I bought Ford in 08 or 09, I like their vehicles. Cruises? I dislike them. NCLH has many smaller boats, and my daughters best friend from high school started dancing on one, so we drove to Miami and went on a short 3 day cruise. Had a blast, but only because instead of just hanging out, we were hanging out with the performers all 3 nights. However, I still dislike cruises in general, why go on a cruise when I have a freaking cruiser myself? I pay a lot of money to own maintain that boat. However, seems like regardless of viruses in the past that have infected ships, people still going back. Maybe this one will be different, but I’m betting the air of invincibility people have, especially after one survives COVID19, will be just as strong as ever. And the people that like cruises, will flock back eventually. Still, a big gamble.
     
  20. mnm99

    mnm99 Well-Known Member

    Oct 2, 2015
    Long Island
    2004 340 SeaRay Sundancer
    Twin 8.1 Merc
    HTZ is down to 5.59
     
    Last edited: Mar 30, 2020
    searay1k likes this.

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