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  1. ESRwannabe

    Anybody else playing the lottery with 3x leveraged ETFs?

    The fact that there are tons of 3x leveraged ETFs available for almost all sectors and indexes is pretty amazing to me. :angel: These are generally thought of as trading tools, but I like to look at them as lottery tickets. When these ETFs get discussed a lot of people focus on the "decay"...
  2. ESRwannabe

    What percentage are you down so far?

    Just curious how other people are doing. I just did some calculations and I am pleased with how I have done so far. I have 100% stock portfolio (this is just looking at my taxable account). I did some trading around the last few weeks and was able to improve my position. On a YTD basis I am...
  3. ESRwannabe

    Monday 3-9-2020 will be interesting...

    In case you missed it Saudi Arabia and Russia couldn't reach an agreement last Friday. So, Saturday Saudi Arabia went berserk on the oil market. They tried to put US shale oil out of business a few years ago (and failed), and now it is time for round two. If we have a lot of shale companies go...
  4. ESRwannabe

    I found a very good explanation for today's action in the stock market.

    I found a very good explanation for today's action in the stock market. Would love to get your opinion. :popcorn:
  5. ESRwannabe

    We will probably have a large stock market decline tomorrow.

    There goes the Christmas rally down the drain. :facepalm: I wouldn't be surprised if we have another 3% decline tomorrow. :popcorn: "Carnage Continues: US Futures Flash Crash After Huawei CFO Arrest"...
  6. ESRwannabe

    Tomorrow should be fun... the trade war is escalating

    US Futures Plunge After Trump Calls For $200BN More In Chinese Tariffs, Beijing Vows To "Hit Back" https://www.zerohedge.com/news/2018-06-18/us-futures-plunge-after-trump-calls-200-billion-more-tariffs-china
  7. ESRwannabe

    Anyone long CTL?

    I'm thinking of buying a few shares next week. I'm just starting to research it. The current dividend yield is 12.62%. I have read arguments claiming the dividend is safe. I figure even it gets cut 50% it would be good enough. I haven't looked into either CTL or level 3 in a while, but I did...
  8. ESRwannabe

    Going long on MLPs again...

    I was way to early the last time I went long on MLPs, but maybe the second time will work out better. I think natural gas midstream will be particularly lucrative, buying in at current prices. I'm long on AMLP and KMI.
  9. ESRwannabe

    Anyone have a positive experience leasing a car?

    I believe my current car may be done for. Its in the shop and I'm not entirely sure what the diagnoses will be yet. I bought it brand new in late 2005 and its been descent. Not really any major issues until recently, but it did have several nuisance problems that I was never able to get fixed...
  10. ESRwannabe

    Some observations on closed end funds i.e. CEFs.

    I have just started investing into CEFs and have made some observations. First, if you can buy into a CEF at a large enough discount you can all but eliminate the expense ratio difference between a CEF and an ETF covering the same area. Here is my logic: Let's say we have a CEF fund A that...
  11. ESRwannabe

    There's blood on the streets

    A nice article demonstrating the panic going on in oil. Even the Dead Aren't Spared as Oil Price Rout Clobbers MLPs - Bloomberg Business This article is particularly relevant for me as I am putting my biggest bet on US midstream MLPs (AMLP etf), in terms of the oil "crisis".
  12. ESRwannabe

    Info on Business Development Companies (BDC)

    In another thread someone mentioned MAIN as a good dividend stock and I see that it is a BDC. I have read other people recommending BDCs in other forums and I'm wondering if anyone has some good information on BDCs that they would like to share. Briefly looking into them it appears to me that...
  13. ESRwannabe

    Tomorrow (8-24-15) is going to be fun...

    China's stock market, Shanghai Composite, loses 8.4 percent in hours - Washington Times http://www.zerohedge.com/news/2015-08-23/us-equity-futures-are-crashing
  14. ESRwannabe

    Does anyone have a book recommendation on buying individual bonds or preferreds?

    Does anyone have a book recommendation on buying individual bonds or preferred stocks? I've been buying individual stocks for years but never got into bonds or preferred stocks. I would just like to have a better understanding of what to look for in those.
  15. ESRwannabe

    Anybody else scooping up some high income at bargain prices?

    So I've been watching the oil sector bloodbath and have decided that now would be a good time to start buying. This is based purely on a guess that things have already fallen so much that its too good to pass up now. I'm specifically buying the AMLP mlp etf. Note that the expense ratio on this...
  16. ESRwannabe

    I hit my ESR numbers...

    So, I pulled it off and have hit my ESR numbers just recently. Woo hoo! I now generate enough stock dividends in my taxable account that all I need to do is work an easy 20 hour a week part-time job and I can maintain my standard of living indefinitely. My living expenses turned out to be...
  17. ESRwannabe

    Hewlett-Packard

    I'm curious what people think about Hewlett-Packard and the slaughter they got last Friday. They went down around 20%. I think they really flubbed up the communication, but I think they were oversold. I think getting out of the PC business is a good idea as long as it doesn't drag on their...
  18. ESRwannabe

    The "big 4" bank stocks, anyone buying?

    Anyone buying JPM, BAC, C, or/and WFC? Buffett bought a ton of WFC during the last year(s). I assume he knows what he is doing. I am tempted to buy some bank stocks and sit on them. They are all too big to fail and should be recovered in ten years or sooner. The financial over haul bill looked...
  19. ESRwannabe

    Junk Bond Funds

    A junk bond fund I was looking at has a yield of around 8%. I believe that historically for a BB fund you will have around 2% defaults a year and from those a recovery of 40% of principal is the average. So, if one were to be overly pessimistic you could take 2% off the yield to account for...
  20. ESRwannabe

    Article says it is a V Shaped Recovery

    This is the kind of article I like to read: yes it's a v shaped recovery risk of double dip "relatively low" liz ann sonders says: Tech Ticker, Yahoo! Finance I will say that hitting a new high just recently in my portfolio has made me feel a lot better. My city never slowed down much due to a...
  21. ESRwannabe

    Just saying hello

    I've been a lurker for I guess two or three years. You all have a really great message board here. I have really enjoyed reading the posts, especially during the financial crises not too long ago. I am 33 and work in IT. My goal is to semi-retire around age 45, probably continuing to work in IT...
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