My Investing Journey with Passive Income, Stocks, and Cryptocurrencies!

Tag: QQQ

What am I buying?

1)Universal Forest Products is a new position I started, it is a small-cap company in the lumber, backyard equipment, gardening supplies area. They also supply materials for Construction as well

2)Chewy– I’m still taking Nibbles at CHEWY :)….a few shares here and there. My wife and I use Chewy for our two cats (Sid and Ellie) and we love the service. At this point, I consider this a speculative bet though.

3)Mcgrath Rentcorp-I was FINALLY able to buy shares of this company at a reasonable price. The books look great and it is well managed. Another small-cap stock.

4)Still buying Stanley Black & Decker

5)Schneider Trucking and Marten Transports-You MAY be thinking, didn’t this guy just sell SNDR? I did, but I kept a small portion of my shares and at these prices, I think TRUCKING STOCKS present an incredible bargain. They were already priced for a recession and have held up pretty well during the Corona Crash.

6)Taking small nibbles at ITOT and QQQ every few days. I know we can’t time the bottom so I am just buying around 2400 and under mark on the S&P 500. These are great index ETF’s that I want to hold until retirement.

7)Hooker Furniture Company-another small-cap I’ve been holding almost two years. This presents me with a great opportunity to lower my cost basis considerably. I am down around 40% in this stock, luckily it’s not a huge position but I believe in the company long-term, if it can get past the Tariff stuff (and now the virus!)

8)Lowe’s-I had recently bought Home Depot to swing trade and here I am with Lowe’s this time for another swing trade. I am up 3.5% after one day so far, I play on getting out around 5-6% unless it just blasts up and then I will, of course, hold longer.

Corona Correction Saga Continues!

The Coronavirus continues to tear through the world. The stock market briefly entered bear market territory yesterday; however, after Trump’s National emergency speech, it flew up over 9%. This was all during the last twenty mins of today’s market. Wowzers, who would have thought.

What have I recently bought?

I did start buying a bit again. Here are just a few companies.

Hyatt-Despite all of the bad news in the hospitality industry, I just had to buy some more Hyatt at these levels. I was down about 20% so this lowered my cost basis considerably. Also, Hyatt has held up well considering everything.

Fortinet-The books are SOLID on this cyber security stock. They also seem to be stealing market share from competitors. Very low debt, good cash flow. I will continue buying anywhere below 90.

Hooker Furniture Company-This is one I haven’t bought in FOREVER. I am currently down in this stock over 30% but it’s not a large position really. These are historically low levels for this company. My original thesis hasn’t changed, this is a value stock and this company is extremely well managed. I may have to hold a while but I will.

Akamai-What can I say? Akamai has held up better than any stock in my portfolio besides General Mills. This thing is a beast. I will continue to buy anywhere 85 and under.

Eaton Vance-This is my favorite DIVIDEND ARISTOCRAT. The dividend is over 4.3%, with a low payout ratio. This things earnings are growing like a weed as well. I know in the event of a market crash they will get destroyed but if you look at 2009, they bounced back EXTREMELY fast. Given the nature of this correction (not bank/financially related so much) I think they will bounce back faster.

Darden Restaurants-This has been a hard one to watch just collapse. I bought pretty high and am down over 32%. I expect the restaurant industry will be punished BAD during the virus scare. However, I still believe in Darden management long-term. I will simply lower my cost basis and collect dividends at this level.

Westrock-The Dividend YIELD on this one is getting INSANE. With around a 50% payout ratio, I believe it will be safe, even at 7-8%. Westrock does carry a decent amount of debt but they have been paying it down. Today, this stock blasted up SEVENTEEN PERCENT. Talk about putting a smile on my face 🙂

Worst Performer

My worst performer right now is Ryman Hospitality Properties. It came out and said they will lose 40 million dollars in revenue this quarter due to cancellations. The stock is down over 30% in less than a month. I remain positive because the company just had a great earnings report. However, I don’t have the stomach to buy more at this time. I am going to wait until the virus peaks here in the states or I get more information about the cancellations. Too much risk here to lose more money in my IRA.

Did I sell anything?
Boy did I ever. I sold PMM, Putnam Municipal Bond Closed-End Fund. I sold it JUST in the nick of time as well. It went down 3% and I sold, I knew that was a sign of things to come, seeing as how it’s not a volatile investment. After I sold completely out, it fell 10% the next day and then some more. There was a Municipal Bond sell-off due to people panicking and worries of city revenues being hurt I suppose. At the same time, I have every intention of buying right back in, hahaa. It’s trading at a 14% discount to NAV right now at 7 bucks a share. I’m looking for anything under 7 dollars to re-enter. PMM is a monthly payer, free from Federal taxes, it’s a no brainer for me.

What are my next moves? What am I looking to buy?

First and foremost, I’m sticking with my original thesis of buying the market at 2500 on the S&P. So anytime I get that or near there I will start dollar-cost averaging into ITOT. Around the same mark, I will also be buying QQQ.

As far as individual stocks? What is on my radar?

  1. I’d love to increase my position of AKAM further
  2. Home Depot or Lowes
  3. Microsoft at 115-120; this is not something I’ve ever thought about buying but at that level I’d pick up some.
  4. General Mills is a tank and I’d love to get up to 4% of my portfolio in that.
  5. Zoetis if it EVER comes down, I’m not sure it will

Coronavirus, Correction and Buys

The Coronavirus is wreaking havoc on the stock markets. A possible Bernie Sanders nomination played into things here in the US as well.

The market has seen some of its fastest losses ever as well as its fastest gains. I believe we are in for a volatile market over the next few months.

What have I done? What am I doing to navigate these rough waters? Here you go:

First and Foremost, I did sell a portion of FFNOX in my Traditional IRA before the market turmoil. I did this after the Coronavirus announcement; I feared it would be worse than assumed at that time. Turns out I got lucky and was right. With that 20% I moved to cash I saved myself about -10%. I do plan on getting back in within the next month.

On the other hand, my portfolio is still down and in the red on the year here because so many of my stocks have been getting pummeled.

What have I bought?

I bought more AKAMAI #AKAM, this is my favorite growth stock. It’s a cybersecurity and content delivery company that I believe is pretty shielded from the virus and somewhat recession-proof.

I bought Westrock #WRK. The dividend is now almost 6%, and with a payout ratio of only around 50%; I believe the dividend is quite safe. The company does carry a good bit of debt; however, they are paying it off gradually each quarter.

I also bought a few shares of Darden Restaurants. Darden is down over 20% in the last month; it’s hard to not want to buy at these levels. The dividend is now 4%. Darden owns Longhorn Steakhouse and The Olive Garden. I fully expect the Coronavirus to harm the restaurant business; however, I AM investing for the long-term here. I don’t expect the coronavirus to be an issue a year from now.

I bought two shares of Mimecast to increase my position. Unfortunately, MIME has not had a good month either. The stock is looking a bit pitiful; however, I do remain hopeful. MIME is an email cybersecurity stock that I think is well-positioned in its field.

What did I sell?

I sold just a small portion of my Putnam Municipal CEF, I did this because it was getting near highs and I wanted to build up cash to buy stocks after they fall lower.

I sold almost all of my SIX FLAGS at a loss. I’m currently using it to tax loss harvest. I’m glad I sold 75% of it after earnings because all it has done is go down more and more. I chalk this up as a SERIOUS MISTAKE and hope I’ve learned from it. I knew it was a risky play; hence why it only made up about .3% of my portfolio.

What am I going to buy?

First and foremost, I’m looking for a nice entry point on ITOT (Ishares Total Stock Market ETF). I will take the 20% cash funds in my retirement account and dump them there over time.

In my brokerage account, I’m looking to buy more QQQ. Once again, allocating more towards simple ETF’s.

One of my top 5 holdings in my IRA is Ryman Hospitality Properties #RHP. It is down over 30% in the last month due to the virus and being exposed not only to the hotel industry but the entertainment/concert industry as well. This company just had an INCREDIBLE earnings report and is growing like a week. If it goes below 50 I’m buying a lot of RHP. It currently has a 6% dividend at this price.

I’d like to pick up some more Fortinet under $95 dollars. It is still overvalued if you ask me. Many tech stocks still haven’t taken THAT much of a hit in this correction. Still waiting patiently.

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