Investing 102

[GregWeld]

I'm not so sure todays action is Bernanke -- or end of the quarter window dressing for the "funds" -- I suspect the later.

End of the quarter is when many companies post their employees contributions and the funds (as dumb as they are) need to buy shares in the underlying names that they invest in... Remember that a market is made with sellers and buyers -- more buyers - the prices go up.... and these funds buy big. Add to that the Bernanke affect and we'll all have a good day!

[Bucketlist2012]

Yes, a good day..

My health is great today and the market is up..

When my health is bad, i could be up 10 grand for the day and it still doesn't help..

But today, I have my Health, overnight Dividends, a nice market bump, and family and friends..

And My cars....A great day, indeed..

[Bucketlist2012]

And with Bernanke, last week he spoke and I took a hit....I knew he was blowing smoke up my rear for a sell off..I went about my day..

I laughed and thought to myself, sure Dude, you won't spend any more, and print anymore...I was just waiting for him to speak again..this time out of the other side of his mouth....He did...WOOT.

[toy71camaro]

Originally Posted by solarguy09

Yes, a good day..

My health is great today and the market is up..

When my health is bad, i could be up 10 grand for the day and it still doesn't help..

But today, I have my Health, overnight Dividends, a nice market bump, and family and friends..

And My cars....A great day, indeed..

and no rain! heheh

[GregWeld]

So if you wake up and see Annaly Capital (NLY) down it's because it went "ex-dividend" today... so it's down equal to the dividend payout... This is totally normal. Don't freak out!

[Sieg]

Nice........looking forward to my first NLY dividend deposit.

[toy71camaro]

Originally Posted by Sieg

Nice........looking forward to my first NLY dividend deposit.

Ditto!

lol.. i did notice it was down.. wasnt sweating it, cuz I'm "in it for the longhaul" so to speak...

Did find a few articles of "noise" on seekingalpha this morning. Trying to "herd the cattle away" from NLY... but the good part of Seekingalpha i like is that you can comment (and a LOT of people do)... So there are just as many PRO NLY as against NLY. So they bicker back and forth... good thing is sitting on the sidelines i get both views, and can make my own judgement.

[GregWeld]

It's one of my 3 "down" holdings... and is "volatile" to say the least. Volatile because with 25,000 shares -- a dime makes a big swing. I'm down 22K in the name BUT --- BIG BUTT --- I pick up $14,500 PER QUARTER in dividend... and UP .50 a share from here -- and I'm suddenly not down much.

[toy71camaro]

lol. yeah...

so far on my "investing 102" dividend funds, my two worst are NLY and CVX.. Each down 4.xx% since i purchased (last month?).. but, not that big of deal. If i had the money, id buy more of em. lol.

[GregWeld]

Here's a good - well written first hand experience about a "life change" experience in the stock market.


http://seekingalpha.com/article/4632...g_income&ifp=0


I lived thru the "dot bomb" bubble -- and traded a couple million dollars daily. I'd buy half million dollars worth of Dell - Microsoft - Intel - and a couple others almost every day -- if they went up .50 I'd sell and go play golf... if they went down - I MIGHT hold them over night. I made HUGE money - and paid HUGE (40%) taxes... and had I not taken out the money in 1999 (from my trading account) to pay cash for a house and then spent a year gutting and remodeling it... I'd have lost most of that account (3MM). I now look back and think what I COULDA WOULDA SHOULA done with that money... but it was mostly a lesson (by watching on the sidelines) that saved my bacon and made me a different INVESTOR... I thought at the time that I was sooooooo smart. Now I know I was very very lucky and it was all very easy while going straight UP....