Coronavirus
My club met last night and we decided to keep our current holdings; not buying since we didn't have enough cash. We are in Eastern Washington State where there have been minimal virus cases.
Jeri Morgan, Mutual Investors Group of Cheney (WA).
From: club_cafe@bivio.com [mailto:club_cafe@bivio.com] On Behalf Of Laurie Frederiksen
Sent: Thursday, March 12, 2020 7:59 AM
To: The Club Cafe
Subject: [club_cafe] Coronavirus
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The effects of the virus are perfect for the "buy low/sell high" philosophy. It's time to invest!
Brad Salley
Good Book Investment Club
Belvidere, Il (50 miles west of O'Hare)
On Thursday, March 12, 2020, 04:15:28 PM CDT, Jeri Morgan via bivio.com <user*16990000001@bivio.com> wrote:
My club met last night and we decided to keep our current holdings; not buying since we didn't have enough cash. We are in Eastern Washington State where there have been minimal virus cases.
Jeri Morgan, Mutual Investors Group of Cheney (WA).
From: club_cafe@bivio.com [mailto:club_cafe@bivio.com] On Behalf Of Laurie Frederiksen
Sent: Thursday, March 12, 2020 7:59 AM
To: The Club Cafe
Subject: [club_cafe] Coronavirus
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I am in Orange County, Ca and have not seen anything except people hording supplies at some stores. Went to the Ducks game last night and it was about 30 of capacity. Don't know if it is due to them sucking or the coronavirus scare. We are not selling but looking for a good buy in time.
The effects of the virus are perfect for the "buy low/sell high" philosophy. It's time to invest!Brad SalleyGood Book Investment ClubBelvidere, Il (50 miles west of O'Hare)On Thursday, March 12, 2020, 04:15:28 PM CDT, Jeri Morgan via bivio.com <user*16990000001@bivio.com> wrote:My club met last night and we decided to keep our current holdings; not buying since we didn't have enough cash. We are in Eastern Washington State where there have been minimal virus cases.
Jeri Morgan, Mutual Investors Group of Cheney (WA).
From: club_cafe@bivio.com [mailto:club_cafe@bivio.com] On Behalf Of Laurie Frederiksen
Sent: Thursday, March 12, 2020 7:59 AM
To: The Club Cafe
Subject: [club_cafe] Coronavirus
Hi All,
We have members of this group from all over the US.
I'm curious. How is what you see happening in your communities and your states impacting your thoughts about investing?
Personally I'm torn. This level of uncertainty is unnerving, but there are also some really nice stocks on sale right now.
Just wondered what you all are thinking.
Laurie Frederiksen
Invest with your friends!
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I am using the opportunity to pay off debt.
On Thursday, March 12, 2020, 10:59:32 AM EDT, Laurie Frederiksen <laurie@bivio.biz> wrote:
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Some of our group are retired and it is hitting us hard. There is nothing we think we can do but ride it out.
I am using the opportunity to pay off debt.On Thursday, March 12, 2020, 10:59:32 AM EDT, Laurie Frederiksen <laurie@bivio.biz> wrote:
Hi All,
We have members of this group from all over the US.
I'm curious. How is what you see happening in your communities and your states impacting your thoughts about investing?
Personally I'm torn. This level of uncertainty is unnerving, but there are also some really nice stocks on sale right now.
Just wondered what you all are thinking.
Laurie Frederiksen
Invest with your friends!
www.bivio.com
Become our Facebook friend! www.facebook.com/bivio
Follow us on twitter! www.twitter.com/bivio
Follow Us on Google+
Click here to Subscribe to the Club Cafe email list. Click here to Unsubscribe
Things seem to change daily in Sacramento. The death Tuesday in Elk Grove was the mother of a parishioner at my church. The daughter tested positive, as well. Today, our church closed for at least a week due to others being exposed. Don't know what tomorrow will bring.
As for investing, I bought two stocks after the early dip, but am sitting on 48% cash. (Was 40% a month ago but the bleeding is becoming a balancing act.) I plan to wait until the quarterly reports (or maybe 2 quarters) come in, anticipating further reductions. Then, Buy, Buy, Buy.
Thank you,
Thank you,
Roy Chastain
"I am coming to be quite contented learning to do very little - slowly." Lionel Hardcastle [In "As Time Goes By"]
"I am coming to be quite contented learning to do very little - slowly." Lionel Hardcastle [In "As Time Goes By"]
On Mar 12, 2020, at 7:59 AM, Laurie Frederiksen <laurie@bivio.biz> wrote:
Hi All,
We have members of this group from all over the US.
I'm curious. How is what you see happening in your communities and your states impacting your thoughts about investing?
Personally I'm torn. This level of uncertainty is unnerving, but there are also some really nice stocks on sale right now.
Just wondered what you all are thinking.
Laurie Frederiksen
Invest with your friends!
www.bivio.com
Become our Facebook friend! www.facebook.com/bivio
Follow us on twitter! www.twitter.com/bivio
Follow Us on Google+
Click here to Subscribe to the Club Cafe email list. Click here to Unsubscribe
Just remember, you haven't lost a cent until you sell for less than you paid. I think it was Ben Franklin who wrote "At times like this it is comforting to know that there have always been times like this." Call me selfish, but I don't plan to sell anything I wouldn't have sold anyway, and I plan to buy all I can at these "on sale" prices.
Things seem to change daily in Sacramento. The death Tuesday in Elk Grove was the mother of a parishioner at my church. The daughter tested positive, as well. Today, our church closed for at least a week due to others being exposed. Don't know what tomorrow will bring.As for investing, I bought two stocks after the early dip, but am sitting on 48% cash. (Was 40% a month ago but the bleeding is becoming a balancing act.) I plan to wait until the quarterly reports (or maybe 2 quarters) come in, anticipating further reductions. Then, Buy, Buy, Buy.
Thank you,Roy Chastain
"I am coming to be quite contented learning to do very little - slowly." Lionel Hardcastle [In "As Time Goes By"]
On Mar 12, 2020, at 7:59 AM, Laurie Frederiksen <laurie@bivio.biz> wrote:
Hi All,
We have members of this group from all over the US.
I'm curious. How is what you see happening in your communities and your states impacting your thoughts about investing?
Personally I'm torn. This level of uncertainty is unnerving, but there are also some really nice stocks on sale right now.
Just wondered what you all are thinking.
Laurie Frederiksen
Invest with your friends!
www.bivio.com
Become our Facebook friend! www.facebook.com/bivio
Follow us on twitter! www.twitter.com/bivio
Follow Us on Google+
Click here to Subscribe to the Club Cafe email list. Click here to Unsubscribe
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Just remember, you haven't lost a cent until you sell for less than you paid. I think it was Ben Franklin who wrote "At times like this it is comforting to know that there have always been times like this." Call me selfish, but I don't plan to sell anything I wouldn't have sold anyway, and I plan to buy all I can at these "on sale" prices.Things seem to change daily in Sacramento. The death Tuesday in Elk Grove was the mother of a parishioner at my church. The daughter tested positive, as well. Today, our church closed for at least a week due to others being exposed. Don't know what tomorrow will bring.As for investing, I bought two stocks after the early dip, but am sitting on 48% cash. (Was 40% a month ago but the bleeding is becoming a balancing act.) I plan to wait until the quarterly reports (or maybe 2 quarters) come in, anticipating further reductions. Then, Buy, Buy, Buy.
Thank you,Roy Chastain
"I am coming to be quite contented learning to do very little - slowly." Lionel Hardcastle [In "As Time Goes By"]
On Mar 12, 2020, at 7:59 AM, Laurie Frederiksen <laurie@bivio.biz> wrote:
Hi All,
We have members of this group from all over the US.
I'm curious. How is what you see happening in your communities and your states impacting your thoughts about investing?
Personally I'm torn. This level of uncertainty is unnerving, but there are also some really nice stocks on sale right now.
Just wondered what you all are thinking.
Laurie Frederiksen
Invest with your friends!
www.bivio.com
Become our Facebook friend! www.facebook.com/bivio
Follow us on twitter! www.twitter.com/bivio
Follow Us on Google+
Click here to Subscribe to the Club Cafe email list. Click here to Unsubscribe
Because of the way that I invest, I see the drop in the
market in two ways. First, I see it as a huge buying
opportunity for those who have cash available to invest.
Second, since I sell puts to buy shares and calls to sell
them, the market run-up in late December and early January
caused me to sell nearly all of my shares. (My calls were
exercised.) Had I done nothing after that I would be sitting
pretty now. However, I then sold a number of puts to get
back into the market. Unfortunately, the extreme drop in the
market has caused my puts to be deep in the money and when
(not if) they are exercised I will lose a lot of money
buying stocks for far more than they are now worth.
Therefore, I have had to replace my outstanding puts with
some that mature at a later date (and in some cases a lower
strike price). As a result, most of my funds must be
retained to cover the puts and I have little available cash
with which to buy stocks. As time passes I will continue to
replace outstanding puts with others having more distant
expiration dates, lower strike prices, and greater premiums
than the ones I buy back, hopefully while making more
profits in the process. Eventually, as the market turns to
the upside again, I will find myself able to profitably
retire my outstanding puts or allow them to be exercised.
market in two ways. First, I see it as a huge buying
opportunity for those who have cash available to invest.
Second, since I sell puts to buy shares and calls to sell
them, the market run-up in late December and early January
caused me to sell nearly all of my shares. (My calls were
exercised.) Had I done nothing after that I would be sitting
pretty now. However, I then sold a number of puts to get
back into the market. Unfortunately, the extreme drop in the
market has caused my puts to be deep in the money and when
(not if) they are exercised I will lose a lot of money
buying stocks for far more than they are now worth.
Therefore, I have had to replace my outstanding puts with
some that mature at a later date (and in some cases a lower
strike price). As a result, most of my funds must be
retained to cover the puts and I have little available cash
with which to buy stocks. As time passes I will continue to
replace outstanding puts with others having more distant
expiration dates, lower strike prices, and greater premiums
than the ones I buy back, hopefully while making more
profits in the process. Eventually, as the market turns to
the upside again, I will find myself able to profitably
retire my outstanding puts or allow them to be exercised.
Our club met last Tuesday and discussed the perception of
fear and reality. End point is, we expect this issue to
resolve itself to a "new" normal within the next 2 months.
Of course, that puts us at the beginning of the summer stock
doldrums, so the market may not really begin recovery until
August time frame. In the mean time, we looked at the 5
year low of each of our holdings, and placed a buy order 5%
below that price. That thought is based upon one of the SSG
low price selection criteria, 5 year low. We are presently
at 10% cash, and limited the total order amount to 50%
maximum of available cash. Holding remaining 5% cash in
case we are wrong and market continues slide down, at which
point we will dollar cost average into largest % lossers.
/R
Mark
fear and reality. End point is, we expect this issue to
resolve itself to a "new" normal within the next 2 months.
Of course, that puts us at the beginning of the summer stock
doldrums, so the market may not really begin recovery until
August time frame. In the mean time, we looked at the 5
year low of each of our holdings, and placed a buy order 5%
below that price. That thought is based upon one of the SSG
low price selection criteria, 5 year low. We are presently
at 10% cash, and limited the total order amount to 50%
maximum of available cash. Holding remaining 5% cash in
case we are wrong and market continues slide down, at which
point we will dollar cost average into largest % lossers.
/R
Mark