Hoping I Made The Right Move

Discussion in 'Money & Finances' started by Sheldon Scott, Mar 25, 2017.

  1. Sheldon Scott

    Sheldon Scott Very Well-Known Member
    Registered

    Joined:
    Mar 13, 2015
    Messages:
    2,337
    Likes Received:
    3,482
    I cashed in a CD that matured and did the same with two mutual funds that had been losing money for three years. I used that money and bought stock in two defense contractors. I'm thinking with President Trump's increase in the military budget these stocks will do well
     
    #1
  2. Gloria Mitchell

    Gloria Mitchell Very Well-Known Member
    Registered

    Joined:
    Mar 18, 2017
    Messages:
    1,142
    Likes Received:
    1,518
    Sounds good to me...let us know how that works for you...
     
    #2
    Sheldon Scott likes this.
  3. Babs Hunt

    Babs Hunt Veteran Member
    Registered

    Joined:
    Feb 12, 2016
    Messages:
    5,414
    Likes Received:
    6,885
    #3
    Sheldon Scott likes this.
  4. Ina I. Wonder

    Ina I. Wonder Very Well-Known Member
    Registered

    Joined:
    Jan 28, 2015
    Messages:
    3,471
    Likes Received:
    5,596
    Way back when I was studying investment possibilities, I tended to buy land, and it's turned out well for me. But one way to invest that intrigued me was perspectives. I checked out the ones that were available at the time because I wanted to do an experiment. I purchased some stock in Center Point Energy for $200. I let the interest roll over without ever taking anything from the account. I wanted to see in what ways those blocks of stock were going to bounce around over a long given time span.

    And this thread just reminded me it's time to cash them in. :p :D I bought them in 1992.
     
    #4
    Yvonne Smith likes this.
  5. Gloria Mitchell

    Gloria Mitchell Very Well-Known Member
    Registered

    Joined:
    Mar 18, 2017
    Messages:
    1,142
    Likes Received:
    1,518
    Well you feel free to share...ya here:)
     
    #5
    Ina I. Wonder likes this.
  6. Ina I. Wonder

    Ina I. Wonder Very Well-Known Member
    Registered

    Joined:
    Jan 28, 2015
    Messages:
    3,471
    Likes Received:
    5,596
    I'm hoping to get enough to pay off my car. I still owe over $8,000 on it. :( But I doubt I get that much. When I cash out they are supposed to give me a graph/chart of the past 25 years. That was the whole reason I did it, to be able to watch it grow or fizzle. I do admit I wish I had been in a better position to invest more, but this was all I would allow myself to spend on such iffy gambling. :oops: Land has been a better investment for me.
     
    #6
  7. Denise Happyfeet

    Denise Happyfeet Very Well-Known Member
    Registered

    Joined:
    Sep 26, 2015
    Messages:
    3,216
    Likes Received:
    3,700
    Sounds smart to me as well Sheldon. I don't think I've seen the future of America look brighter in my lifetime than since we've got Trump in there. I'll say it again, I have some hope now at least.
     
    #7
    Yvonne Smith likes this.
  8. Chrissy Cross

    Chrissy Cross Veteran Member
    Registered

    Joined:
    Aug 11, 2015
    Messages:
    15,024
    Likes Received:
    13,768
    #8
  9. Ken Anderson

    Ken Anderson Veteran Member
    Registered

    Joined:
    Jan 21, 2015
    Messages:
    7,457
    Likes Received:
    9,815
    I believe the part about the stocks dropping, but am not so sure about the attribution. Whenever stocks go up, they look for something that the Democrats did to attribute it to, and when they go down, they blame it on the Republicans. Personally, I think it was the Russians. Damned Russians.
     
    #9
    Chrissy Cross and Yvonne Smith like this.
  10. Frank Sanoica

    Frank Sanoica Very Well-Known Member
    Registered

    Joined:
    Feb 21, 2016
    Messages:
    3,842
    Likes Received:
    3,431
    The movement of prices of publicly-traded securities is a much-touted issue, emblazoned by emphasis by brokerages, banks, mutual funds, and the like, aimed at creating public interest to secure ever-more funds committed to traded issues most folks know little or nothing about. It used to be "Industrials, Rails, and Utilities", which shows the extreme strength within the economy of those 3 types of securities. Utilities were once the most secure and safe options one could buy. But they paid less dividends back than the other 2 categories. Sometime back in about the '90's. the very first time EVER, a public Electric Power Co. went belly-up: Tucson Electric Power. There goes your safety in the big 3 categories.

    Good times or bad, some securities will rise, while others will fall. More rise when the climate is conducive to taking risk; more agitating by media-driven forces sucks folks in to buy the securities. The mad scramble to not "miss out" results in "land-rush" buying of anything and everything. Then, as the national economy falters as in 2008, the beleaguered "buying public" slinks away, having sold their "sure things" at or near the bottom of their historic values.
    Frank
     
    #10

Share This Page