hyten1 Posted December 7, 2012 Posted December 7, 2012 just curious, i have been thinking about this (anchoring is always tough) if you have 100% cash right now, what you would be buying or stay in cash?
StubbleJumper Posted December 7, 2012 Posted December 7, 2012 BAC and FFH. On the other hand, since the world is supposed to end on December 21, 2012, I might be just as well to keep it in cash to spend on hookers and blow.... SJ
hyten1 Posted December 7, 2012 Author Posted December 7, 2012 i have been sucking my thumb, was thinking of adding to BAC but it has gone up a good amount, i would increase by cost base if i add (I usually like to add to decrease it) anchoring is tough
BargainValueHunter Posted December 7, 2012 Posted December 7, 2012 VIV, NSU, RIC, VRNG (warrants), DMND, SOHU, GDXJ and VC (warrants), FRO and Freddie Mac Preferreds ...in no particular order of preference.
rkbabang Posted December 7, 2012 Posted December 7, 2012 BP: 50% FRFHF: 50% BAC and FFH. On the other hand, since the world is supposed to end on December 21, 2012, I might be just as well to keep it in cash to spend on hookers and blow.... I agree with the above. On BAC and FFH, not hookers and blow. If you must make such an investment make it a <<1% position as the world isn't going to end in two weeks and I don't think of a VD as a desirable dividend.
rjstc Posted December 7, 2012 Posted December 7, 2012 BAC and FFH. On the other hand, since the world is supposed to end on December 21, 2012, I might be just as well to keep it in cash to spend on hookers and blow.... SJ Do the girls call you Stubble, or Stubby? You could always take some short positions if the world is supposed to end.
StubbleJumper Posted December 7, 2012 Posted December 7, 2012 BAC and FFH. On the other hand, since the world is supposed to end on December 21, 2012, I might be just as well to keep it in cash to spend on hookers and blow.... SJ Do the girls call you Stubble, or Stubby? You could always take some short positions if the world is supposed to end. Actually, it's the Jumper part that they tend to like. ;D
rjstc Posted December 7, 2012 Posted December 7, 2012 BAC and FFH. On the other hand, since the world is supposed to end on December 21, 2012, I might be just as well to keep it in cash to spend on hookers and blow.... SJ Do the girls call you Stubble, or Stubby? You could always take some short positions if the world is supposed to end. Actually, it's the Jumper part that they tend to GOOD ONE :D
rjstc Posted December 7, 2012 Posted December 7, 2012 No one mentions BRK? I'd also buy BAC, some ECO, LUK/JEFF. Also for some foreign ones Nintendo, Aida Engineering in Tokyo. LRE London. BMW3 in Frankfort, EXOR in Milan.
luck Posted December 7, 2012 Posted December 7, 2012 bac, gm, aig. looking into chk as a potential buy.
StubbleJumper Posted December 7, 2012 Posted December 7, 2012 No one mentions BRK? I'd also buy BAC, some ECO, LUK/JEFF. Also for some foreign ones Nintendo, Aida Engineering in Tokyo. LRE London. BMW3 in Frankfort, EXOR in Milan. There's nothing wrong with BRK except that IMO it's not as attractive as BAC. In fact about two weeks ago, I liquidated the BRK that I had in my RRSP and in my TFSA to buy BAC and BAC.WS.A respectively. The messaging coming from BAC has been so ridiculously clear, the situation has really become binary - either I'll make a ridiculous bucket-load of money in the next few years or Moynihan is extremely incompetent (or a liar) for providing very bad guidance. IMO, the ridiculous bucket-load of money is a far more compelling explanation, so I more than doubled-down my exposure a couple of weeks ago. I still like BRK, but I just do not foresee it providing 30%+ annual returns over the next 3-6 years. Since BAC.WS.A looks like it can do that, my TFSA is now 95% BAC.WS.A and 5% cash. It's only been about two weeks since I dumped the BRK and bought the warrants, but I am already regretting the 5% cash. ::) SJ
rjstc Posted December 7, 2012 Posted December 7, 2012 Can't really argue except I'm not sure in my case I'd put 100% in just BAC. Maybe 40-70% but that's just me.
StubbleJumper Posted December 7, 2012 Posted December 7, 2012 Can't really argue except I'm not sure in my case I'd put 100% in just BAC. Maybe 40-70% but that's just me. Me neither. I wouldn't put 100% of my assets in BAC. I just don't have ERICOPOLY-sized balls! I did, however, decide that the warrants are a sufficiently attractive opportunity that they merit nearly 100% of my Tax Free Savings Account. For my cash account and my Registered Retirement Savings Plan, I only purchased a "healthy slug" of the common. If things work out like I expect, I will have a good chunk of tax free money in 4-6 years! SJ
alertmeipp Posted December 7, 2012 Posted December 7, 2012 i have the same problem, think too much about the upside.
oddballstocks Posted December 8, 2012 Posted December 8, 2012 Good question! PREC.FR, STAL.FR, ALNEX.FR, SHFK, HNFSB, some community banks, and some Japanese net-nets.
Guest longinvestor Posted December 8, 2012 Posted December 8, 2012 60% BRK 40% FFH; my "sleep well" portfolio
jay21 Posted December 8, 2012 Posted December 8, 2012 BRK, BAC, MKL for sure. Most likely NICK. GLRE and MDLZ may make the cut as well. All of which I own. Compare that to my current portfolio and HII and JPM don't make the cut.
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