What are you buying today?

[Red Lion]

Opened a starter position in ALCO with fills from $28.06-$28.20 (I started buying this in the after hours on Friday with a partial fill). 

 

Thanks @Gregmal for putting me on to this one. 

[Red Lion]

New starter position in CLPR at $6.66. 

[Gregmal]

Took a loss on META and bought Nintendo along with some VIX 40s

[CorpRaider]

5 hours ago, fareastwarriors said:

 

I picked up more CLPR this morning.

 

nyc apartments are worth something right? 

I mean, they have residual value as conversion to office space plays if nothing else.  haha!  SLG

Edited October 10, 2022 by CorpRaider

[Dalal.Holdings]

USB under 40

[DooDiligence]

More SMH because damn, semi designers, fabs and semicaps look cheap, and more importantly, necessary. There will be lumpiness.

 

FWIW, I'm all in now and have set aside a generous pile of untouchable / un-investable cash to cover expenses until early to mid-2025.

 

Those who've been hoarding investable funds can now fully expect to be accommodated with a huge overall market drop.

[dipod]

Sold 10/14 $39 USB puts for $0.85. Nice premium and also lowers cost basis. Net cost basis with assignment places one at a 5%+ dividend yield for a stock offering strong capital appreciation prospects.

Also adds to ALCO.

Edited October 11, 2022 by dipod

[UK]

UMG, GOOGL, some META and some TSLA puts, to offset possible premature accumulation:)

[Spekulatius]

PAOHY, USB, LEVI, TSM are my latest adds.

Edited October 11, 2022 by Spekulatius

[ourkid8]

More BAM. 

[gokou3]

More BAM, <US$40

[Red Lion]

Big slug of T- bills maturing 10/31. 

[changegonnacome]

HSW

[Red Lion]

Started a new position in Fairfax today at $458. 

[Spekulatius]

Buying a bit more CMCSA here. Painful.

[changegonnacome]

HSW

[fareastwarriors]

On 10/10/2022 at 11:03 AM, CorpRaider said:

I mean, they have residual value as conversion to office space plays if nothing else.  haha!  SLG

 ouch

 

 

[DooDiligence]

1 hour ago, Spekulatius said:

Buying a bit more CMCSA here. Painful.

 

I like this one for the long haul when paired up with my Disney holding. In my imagination, if Disney has to pony up for the rest of the Hulu stake, I still win.

Edited October 12, 2022 by DooDiligence

[Castanza]

SMH (still not comfortable INTC), BRKb, GOOG

[Gregmal]

Little more Fairfax and few VIX 40 weeklies as insurance. Armageddon tomorrow!

[Gregmal]

Oh yea also decided to test drive TSLS lol. See if it has autopilot mode 

[CorpRaider]

I bought some EBAY, GOOGL, AMZN, SMG, LAMR, and CMCSA yesterday; just little retail DCA-ing.  

Edited October 12, 2022 by CorpRaider

[Viking]

Put about 15% of my portfolio the last couple of days into what i loosely call ‘Canadian bond substitutes’. Most stocks are trading near 5 year lows (lower band of trading range). The average yield on the portfolio of holdings is around 5.5%. 
- Canadian banks: RY, BNS, TD, CIBC (regulated oligopoly)

- Canadian telco’s: Telus, BCE, Rogers (regulated oligopoly)

- Pipelines: ENB, TRP

- Life Insurance: SLF, GWO

- Utilities: AQN

i have weighted the holdings based on companies i like more. For banks, RY is my biggest weighting. For Telco’s i have Telus as my biggest weighting. I decided to do a basket approach to get exposure to each of the sectors. 

 

i will be adding a few more names. For Canadians on the board what companies am i missing? I am after companies with +4% dividend with reasonable prospect it will grow in future years. 
—————

i also own BAC, JPM, C (US financials) and CNQ, SU (energy). There are a very large universe of companies out there who pay very large dividends and have solid prospects to grow earnings (as we get through the current snow storm). It reminds me a little of 1995-2005 before and after the dot com bust. Old economy stuff was dirt cheap. 

Edited October 12, 2022 by Viking

[E. Nashton]

@Viking I've taken a similar approach. A bit boring and may actually underperform if we rocket from a bottom but should do reasonably well as a sleep easy portfolio. One name I have been adding you didn't mention was FORTIS. Thoughts on that ? It's in a yield range traditionally that does well as a signal to long term buy. We can expect YOY div increases as well.

[Viking]

2 hours ago, Dean said:

@Viking I've taken a similar approach. A bit boring and may actually underperform if we rocket from a bottom but should do reasonably well as a sleep easy portfolio. One name I have been adding you didn't mention was FORTIS. Thoughts on that ? It's in a yield range traditionally that does well as a signal to long term buy. We can expect YOY div increases as well.

@Dean Fortis is on my watch list… i will likely add it to my collection if it sells off another 10% from here. In the past month 4% bond yields look like they are causing a sell off in the ‘utility type’ (higher dividend yield) part of the stock market. Makes sense. But what i have learned over the years is what looks obvious to me can take weeks or months to actually play out in financial markets (markets are reasonably efficient but it can take big funds a considerable amount of time to reconfigure their portfolios). If bond yields continue higher i expect my basket of stocks listed above to also sell off. So i am keeping my weighting such that i can add on weakness. 
—————

In terms or portfolio strategy, we sold our house last year (big tax free gain). And i had my best year ever return wise with my portfolio (thank you Fairfax). So my portfolio is about 3 times the size it was 18 months ago. As a result, i have decided my old way of investing no longer fits my current life situation. Bottom line i have decided to keep 1/3 of my portfolio and invest as per usual (perhaps concentrate with stocks like Fairfax etc). And take the other 2/3 of what i have and create my own ETF (collection of stocks). Most have been purchased over the past week. I am about 1/2 done and will continue adding to current positions on weakness and starting new positions that make sense. So much stuff is on sale. And i may get lucky and we might see one more big swoosh down (who knows).

1.) Bond substitute (listed above)

2.) Energy: CNQ, SU, CVE

2.) Tech: GOOG, AMZN, MSFT, META, SOXX

3.) US Financials: BAC, JPM, C, BAM
4.) Misc: NKE, LEVI, DIS, UPS, FIH

—————

I did something similar in March 2020 but sold when they popped and then watched them scream higher.  @dealraker ‘s posts on the ‘is the bottom here?’ thread have certainly resonated with me  And my life situation is also quite different now (all of my financial assets are now ‘paper’). 

Edited October 12, 2022 by Viking