Anyone Diving in Today??

[Coolius]

I was suggesting a buy price of $30, and reinvesting the monthly dividends (compounding) which makes the yield at $30 5.92%. O closed today at $30.01

I have owned the O preferred shares, O-E and O-D, for some time now. If I include dividends received, my cost basis is well below the $25 liquidation value if O were to retire the two issues.

I look at these 2 issues like an ultra long term CD, with a maturity value of $25 and monthly payments. The only real risk is the issuing company going belly up, which is a low probability IMO.

Today's carnage took the two issues close to par. If I did not already have a full allocation, I would have bought more O-E at $25.00.

 

[clifp]

I am curious why the preferred vs the common. It look like you get an additional 100 to 125 basis point of yield but if O continues to increase dividends at 4-5% a year that difference is erased in 4 or 5 years.

 

[heirloom]

CNBC will be holding a special on the mkt at 9:00 this Sunday night. They will be discussing what they think will be happening and what to do.

I'm waiting to see if Europe does take care of their monetary problems next week, or just talking. Some analysts say Europe can't afford it.

But then too, S&P just downgraded us to AA+, so I can't talk. Analysts were suggesting buying stocks that concentrate on the U.S. only....VZ, T, WM...etc

None of the funds in my 401K are U.S. oriented only. They all have multi-national stocks, so I'm sticking to Stable Value and PTTRX.

 

[Coolius]

I am curious why the preferred vs the common. It look like you get an additional 100 to 125 basis point of yield but if O continues to increase dividends at 4-5% a year that difference is erased in 4 or 5 years.

What you say is quite true; but I do like knowing that if the company ever calls the issue I will get $25 for each preferred share. So long as I do not sell, I will enjoy the monthly dividends indefinitely. The only real risk of loss is if O ever becomes insolvent, which I do not believe will happen.

I do have other dividend paying stocks and MLPs ( eg, LINE & DUK ) so I'm covering the area of steadily increasing dividends, as well.

 

[Skimmer]

Might be time to buy now??

 

[JPatrick]

Yeah, on the one hand I'm buying more DVY while with the other hand I'm looking for tax loss plays.
DVY popped to the number one slot on my ETF watch list last week.
No sure thing, but it seems to be among the safer plays.

 

[GregLee]

I did buy some at the end of last week, and it appears I've lost some of that already. Well, that's the way it goes. But I have some cash left that I'd like to put into equities. The question is: when? At any rate, the market has my attention, now.

 

[Midpack]

I am 39% cash, aren't I smart?

But it's all my bond holdings that were sold off and only because I'm in the midst of two rollovers. So my equity holdings are fully exposed today, so actually smart has nothing to do with anything and no lucky benefits either.

But I'm not worried, this is not as dangerous as 2008 by any stretch IMO...

 

[FIREd]

I just rebalanced my charitable trust.

 

[RetirementColdHardTruth]

Continued my buying cycle. Got some VOO (s&p500) at 51.99. Tomorrow will do the same thing with another thousand. Will continue to buy all the way down until it turns. I can carry on the thousand a day for about 40 business days before I am at the low water mark on my emergency fund.

I have seen this before, and as it goes time to rinse and repeat what made me profitable during the last crash.

Did I say Crash? Are we now in the 20% down from tops? Really close if not already there....

 

[JPatrick]

Just for fun, I'd like to have a peek at the past few weeks trading activity of the good folks at S & P, as well as their friends, family, and house pets...

Just curious...

 

[RockyMtn]

nibling

 

[novaman]

added to my position in AAPL today. I'll continue to do so over the next few days/weeks however long this plays out.

 

[Disappointed]

Bought 200 shares of AAPL at $355.

 

[clifp]

I wrote some puts when the Dow was down 350, how the heck was I suppose to know it was going to drop another 300 points. grumble.

 

[grumpy]

Pushed more chips into the middle today. Added to positions in ABT, ADP, AED, T, JNJ, RPM VE, WMT and WM. Will continue buying if prices keep going down.

 

[BUM]

I didn't change anything today except my shorts.

 

[Purron]

I didn't change anything today except my shorts.

DH told me he had to change his shorts today.

 

[clifp]

Well my shorts (stocks) were the only thing that was up today.

 

[wanaberetiree]

yes, i added us large caps last week and today.

 

[Berkshire_Bull]

If someone feels like taking a flyer today ,FTK might fill the bill.
They announce earnings tomorrow so today is a real crap shoot.
The company is in the drilling supply business. I've owned it most of 2011 and now have Aug 10 calls written on it.
It took a dive today (5%) I think because oil has sold off. I had expected it to rise into earnings.
The day after earnings won't be quiet for sure.
If I didn't already own it, I'd be trying to figure a way to catch it going up and sell a AUG or Sep 10 call.

I've owned it for 5 years. Bought it at 21, took a 2:1 split, sold half in the mid 40s, rode the other 200 shares all the way to $1 and then rode it back up. Here we go down the other side of the slope.

Unfortunately they postponed earnings release and that hasn't been a good deal.

 

[Nords]

I wrote some puts when the Dow was down 350, how the heck was I suppose to know it was going to drop another 300 points. grumble.

I described a vague outline of my own similar plan to spouse yesterday. She wondered whether I was feeling like things weren't busy enough already around here...

 

[unclemick]

Watching the grass grow and waiting for regular season football is boring boring boring.

Full auto life cycle fund and letting the computers rebalance.



heh heh heh - at least I can read this thread for some vicarious thrills.

 

[clifp]

Watching the grass grow and waiting for regular season football is boring boring boring.

Full auto life cycle fund and letting the computers rebalance.



heh heh heh - at least I can read this thread for some vicarious thrills.

Hey what happened to the testosterone account? Don't tell me you move all of that to psst also

 

[FUEGO]

On the afternoon dip, sold a small slug of S&P 500 and Total International Index and dumped it in equal parts US small cap index and US small cap value index.

Since I am virtually 100% equities, I go from less volatile large cap stuff to more volatile small cap-ish stuff when markets drop because usually the small cap stuff moves more. Not DMT'ing, just rounding off the under weighted asset allocations. Although this is the third time I have rebalanced in the last month or so. What's the threshold for DMT status? 4 rebalances in a month?