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I've come to the conclusion that all the internet postings are simply to make money.

To gather eyeballs.

It's a fun argument played out on WSJ, Marketwatch, The Economist, etc. etc.

 

Not to disregard fundamentals. . .P/E ratios, unemployment data, manufacturing data, etc.

Those are important when coupled with other things.

 

For me, it's having my ear to the ground:

We've not seen "help wanted" signs in store windows for many years. Now we do.

The number of RV's and trailer boats on the road? More now than two years ago.

The number of household moving vans (ie; Mayflower, Graebel, United & others - its a good sign of a healthy economy when there's lots of them on the road)

Ask people in the service industry - like the guy who picks you up airport in an airport shuttle - how's business - they have a finger on the economies pulse.

Or if you know someone in the health care industry - especially births (although birth rates follow employment by about nine months :) )

Cardiac intensive care numbers go up when the economy is up or improving (more people on vacation).

Postal service is now delivering for Amazon on Sundays. Wow! Does that tell us anything?

 

Website guru's can be interesting and entertaining. But they have a motive.

Lance-white-sands-500.jpg

~Rich

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Rich, looking at all your "indicators" (which I agree are good and I use them as well) I would say the economy has improved but I would not call it good. Some would though....It is certainly not booming. Wages are pretty depressed and fulltime jobs are at a fairly low rate. All are improving some though. And certainly those that want work can find it - although it may be less than 40 hrs and not at a rate that has you dancing in the streets.

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Just to spice things up a little.........I just finished reading Digital Gold ....Bitcoin and the Inside Story of the Misfits and Millionaires Trying to Reinvent Money" By Nathaniel Popper.

 

Being a Geezer I am somewhat amazed at the 'Mechanics of Bitcoin".......

 

Throughout the book a lot of effort is made to show how Bitcoin differs from conventional money / currency ..........BUT......some Bitcoiners loose value......some Bitcoiners gain value......some Bitcoiners value is stolen......some Bitcoiners gamble......some Bitcoiners run scams....some Bitcoiners misplace their value.......some Bitcoiners purchase illegal items.....some Bitcoiners get handcuffed & go to jail..........

 

Yep......sounds just like money to me.......

 

Interesting read......

 

Drive on........ (How many bits are in your coins.....)

Edited by Dollytrolley

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One economic indicator which is, at the moment, a wild card is the minimum wage.

$15.00 an hour is what "they" are bucking for. (sorry <_< )

I think it is a good idea. . .lots of money sloshing around out there with no where to go. Might as well put it in the pockets of those who really make a difference. Maybe get us back to a more normal inflation rate?

 

Coincidentally, Costco had a "help wanted" sign "$11.50 / hour" on their free sample kiosks last month.

I'm sure that those jobs are not 40 hours a week.

But in my experience there are a lot of folks that want that kind of part time income. Lots of "moms" out there needing work between 9am and 3pm when kids are in school. Retirees wanting a little extra income, etc.

It's getting better. . .not gang busters, but better.

Lance-white-sands-500.jpg

~Rich

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Rich,

Excellent perspective. Remember I am the tech enthusiast not a stock expert on any but three stocks. But I had never thought of economic indicators so easily collated. Thanks!

 

Dolly,

Bitcoin is beyond my scope too, and I believe I can handle hard currency if I wanted a hidden medium of exchange. (Silver/gold) I don't need anonymity so don't need dark currency or want to trade in un-banked electrons if you will.

 

Jack,

Perzackly!

RV/Derek
http://www.rvroadie.com Email on the bottom of my website page.
Retired AF 1971-1998


When you see a worthy man, endeavor to emulate him. When you see an unworthy man, look inside yourself. - Confucius

 

“Those who can make you believe absurdities, can make you commit atrocities.” ... Voltaire

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  • 1 month later...

Now this is about as quickly as one can expect to see this "reassuring" expected article; "Don't Panic..." http://www.bloomberg.com/news/articles/2016-01-04/so-goes-nothing-first-day-routs-weak-signal-for-annual-returns

 

Do "they" have these things pre-written and waiting in the wings?

 

K

Edited by KandJBm
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Now this is about as quickly as one can expect to see this "reassuring" expected article; "Don't Panic..." http://www.bloomberg.com/news/articles/2016-01-04/so-goes-nothing-first-day-routs-weak-signal-for-annual-returns

 

Do "they" have these things pre-written and waiting in the wings?

 

K

Kand.....

 

Not really that pre-written..........great gandad was a banker in 1914 and he pretty much penned the same story and said WW1 would just pass and all would be just peachy.........one hick-up ......1929 he did lose the bank.......

 

Drive on.........(where did all that money......go...)

97 Freightshaker Century Cummins M11-370 / 1350 /10 spd / 3:08 /tandem/ 20ft Garage/ 30 ft Curtis Dune toybox with a removable horse-haul-module to transport Dolly-The-Painthorse to horse camps and trail heads all over the Western U S

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Yawn,

Watching with some little interest as they do/don't panic. Won't change our hold and outlook. I agree that the panicky will, as always.

RV/Derek
http://www.rvroadie.com Email on the bottom of my website page.
Retired AF 1971-1998


When you see a worthy man, endeavor to emulate him. When you see an unworthy man, look inside yourself. - Confucius

 

“Those who can make you believe absurdities, can make you commit atrocities.” ... Voltaire

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After last week in the stock market and no new comments on this thread I was wondering if everyone was still in shock. So here is something to read by my favorite "in-your-face" non-cheerleader for Wall St. salespeople - David Stockman of course: http://davidstockmanscontracorner.com/newsflash-from-the-december-jobs-report-the-us-economy-is-dead-in-the-water/

 

K

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I don't know about shocked, and in fact I probably know less about the market than 95% of the people on here but I just called the broker and pushed some more $$$ in. If it goes down next week we just might do it again. Hmm,,, I might need to look for work LOL!!!

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I don't know about shocked, and in fact I probably know less about the market than 95% of the people on here but I just called the broker and pushed some more $$$ in. If it goes down next week we just might do it again. Hmm,,, I might need to look for work LOL!!!

 

Dave & Diane

 

I am no expert either. . . no one here is. But just looking at your statement. . . you obviously have an investment plan and you're following it. . . without panic. In my opinion, that places you far above the 5% you lay claim to.

 

I really do believe that any serious investor must have an investment plan and it must be in writing. He or she must always follow this plan and he or she must always be willing to adjust the plan. But any serious investor must have a plan.

 

"Buy and hope" rarely works.

 

Jim

 

On edit: If all else fails you and I can drive for UBER :)

Edited by 5Wood

Jim
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Yes, I am "ALL" in and that is the problem, wish I cash to invest more when the market is down.

 

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Dave and Diane, Barb, Jim and Doit,

Yep, the simple maxim that Warren Buffet says is proven in these times and when the stock market is at peaks and lows. People emotionally want to buy when the stocks are peaked out because they think that is a success standpoint , or hope to make a few bucks at the top of a peak they hope is yet to come. Look at the lottery right now. I never buy lottery tickets because I consider them to be a tax for the math impaired. Same with our local casinos, you'll never see me in there except when an out of town friend comes in and insists. I don't drink nor smoke now so they have nothing for me. However when the amounts go through the roof so do the sales as well as the odds! (Again simple math) But even those who know they can't win anymore than they can be hit with space debris as they read this, those normally sane folks go buy it when the prize is high. It is called intermittent reinforcement in Psychology, the real kind not pop psych. look it up too long to explain here. It's at work in the market when the bulls are running for awhile. Folks see the market as some kind of whole and the market indices reinforce that. So when the market is up, like the lottery the folks that think it is a sure thing or the returns are worth the possibility of losses they buy at the top. Then the folks who bought at the top panic whenever there is a drop in the overall market. And they sell. Buying a lottery ticket is indeed a tax for the math impaired. Knowing that I will buy one ticket and smile when I find I lost only 2 bucks. And I will let the machine pick the numbers. The excitement and entertainment is worth throwing away 2 bucks to me.

 

Both violate the maxim Buffet repeats over and over, Buy low, sell high. And his corollary is to stay long.

 

I bought heavily in the 2007/8/9 time period and when we emerged in economic recovery with .5% interest paid on my liquid savings I wanted a place to put my money other than the funds that my wife prefers for her 401 of decades now. My liquidity was because I had a large payroll with relatively one employee and two subcontractors for sales. I got tired of the success and as the hours got longer told the owner that he would need a younger guy as at 57 I was not going to work for 18 hour days and weekends like when he started the company up, and a year later when he took me on. So after five years of fantastic income, I left rather than take over, and was stuck with a large for me business checking account, which I closed and put the funds into USAA savings for a few months until I figured out what to do. and had no idea where to put it in early 2010 when I retired again. I had followed Tesla and Musk but he was not publicly trading Tesla yet. In fact I was raging here and elsewhere knowing he would need to go public soon. I was about to put in a solar system in early 2010 because anything that yielded an immediate profit of more than 50 bucks per year per $10k as my savings were offering, and I had more than a few blocks to invest.

 

I am a total dummy about the stock market but had followed Musk and Tesla since 2003 and wrote here about his new Electric car soon to come. I was all but called a fool by folks still here but rarely on this forum. I was told before they even had their car in production it was another "pump and dump." And that no one would ever build a successful electric car. This from folks claiming engineering expertise. Then the anti progress Nazis would come in and out with smug comments trying to dismiss me and my belief that Tesla would be a disruptive tech and market mover. The problem for them is they don't think for themselves, they believe chosen media sources that agree with whatever narrative they want to believe. So "the oil and car manufacturer investors" drank deep of the kool aid against Tesla. They were really nuts too. For example the few fires Tesla had when iron I beams in the road were accidentally run over and came up through the batteries and floor. The media tried to build three fires initially with two of them after the Tesla was crashed head on through a brick wall and another into a tree or telephone pole I forget, into the narrative of (Switch to panic stricken sky is falling voice) all electric cars burn up and will kill you! Ignoring the many cars that burn up with gasoline. The Tesla drivers were told by the car to pull over and exit the vehicle as there was a fire, which they did with time to collect their things, on the two with no high speed crash involved. That crazy narrative started by the folks with anti electric energy motives ( can you say OIL, or Car manufacturers,) was doing well with the folks wanting to belong to that group, but never will. Until Paul Walker was killed, likely burned to death, in a fiery gasoline crash of a Porsche he was riding in. That really was tragic. But the way the all electric cars burn up pablum being fed to the willing was dropped that day. Now we have a Tesla that caught fire charging recently and that campaign never got off the ground. Why? Because it was too easy to go to YouTube and search for "Gas Station fires."

37,700 results to watch fueling fire videos with gasoline here: https://www.youtube.com/results?search_query=Gas+station+fires Those were just the ones that were video'd and uploaded. I would sooner believe that gas cars are dangerous because if you crash them you burn to death which is not true of electric cars.

 

I use that example because many investors are the same and sell low or on the way down or buy high when they feel "safe." Here is a very true and darkly funny if you lost in the market, and just plain humorous for the rest of us look at the types we see writing about and making investments: http://www.tflguide.com/2011/04/how-investors-react-in-different-market-situations.html This is a great read for the folks that do buy low and sell high, if at all. A must read for the rest who panic and expect the end at any time.

 

Do it,

Alas what I had hoped would double my money and make me a lot actually dropped several times like it is doing now, causing me to keep buying with every 10k block I could muster. Except back then it was dropping from $50 back to $22 about every few months, and I was there with another big block to buy more on the way back up at 22 or 22.50. The last big drop was from over $250 all the way back to $125.00, and I was ecstatic and bought all I had liquid at the time and caught at $130-135, which was great. It has dropped to under 201 again from a high of $274 I believe it was this year. So I am in your shoes too. Nothing liquid to sink in Tesla again. The rest I have no background with as extensive as with Tesla and Musk.

 

Everyone sees the volatility of Tesla and there is a segment of people that hope they fail just because they did not get in early, and by extension would love to see me or in other groups Tesla early investors fail and I feel nothing but sorry for those kinds of folks. See right now I feel disappointed because I can't take my current liquidity and buy now again as I believe it is a buy opportunity. Another segment thinks the stock is over priced and they depend on media with agendas for news. Here is an article about what the media missed published today: http://ophirgottlieb.tumblr.com/post/137091368099/the-breaking-technology-changing-the-world-nflx Make sure you scroll down to the Tesla earnings big bar chart. Until that chart changes dramatically in direction for a sustained two or three quarter period it is not too late to buy in in my opinion. But I put my money where my mouth is. Some stocks trade outside the norm. Read the last article. Then think Gigafactory, Superchargers all over the US, Europe, and now China, Powerwalls, Model 3, and a production sold-out Model X and S!

 

Lately I have heard the refrain that Tesla can't possible build its factories fast enough to meet his production goals, thus they won't meet goals. Then the same press cites that they are growing their personnel costs too fast taking on an extra 1500 personnel to build those cars.

 

And then that Tesla is burning through a lot of cash, neglecting to mention it is for more factory space, completion of the Gigafactory with Tesla's partner Panasonic whose CEO declared all in on the financing of their share. They try to make CapEx turn into losses. Even a child knows you can't make things if there is no place to make them.

 

Anyway all, this is not to push Tesla. I have lots of friends who started out with more money coming in than me after I retired again, but it finally sunk in that they have to me fantastic monthly payments to pay. f you read this thread from the beginning mostly my info was in response or continuing to report why I am still in with Tesla only, and only with one stock for my direct stock part of our diversified real estate and other investment portfolio. In addition we have our home on five acres and always have bought our vehicles cash, so we have no outflow other than utilities and food/clothing. Thus our liquid capital builds every few months to an amount I call enough to invest again, because other than Tesla stock, durable goods and funds, and paid for home, cars, and no debt, give us ample room to invest and upgrade our durable goods and holdings as we have a stable retirement income and medical plan not dependent on investments made in the past, just my sweat equity and a willingness to go in harm's way if needed. Most of us retirees had a second career and retired a second time paid for. But many, I'd venture to say about half or more also are mortgaged up to their ears and a military pension is not nearly enough. I started SS two years ago this May, and my wife starts this coming May. Next year I go to Tricare for life otherwise Medicare to civilians. And two years later my wife too. We take it early because my past history included heavy partying and smoking two and then three plus packs of cigarettes a day since I started at age 12 smoking unfiltered Lucky Strikes at a pack a day by age 13. According to the actuarial tables a non smoking white male in the US lives to an average of 75 years old. The US actuarial tables put me at having another 21.03 years left when I turn 64 in May. But with a life filled with exposures to asbestos, Hydrazine leaks, gun and laboratory solvents and gases, I doubt I will hit the average or much more. David Bowie just died and he was only 69. My FIL is 84 and not doing well mentally or physically. But remarkable for his having a life in the military. But he retired with 20, I did 7 more years.

 

So despite being a relaxed of mind and long on my investments, person, my life experiences and a realistic, not from depression, acknowledgement of longevity I am going to be comfortable for the duration, draw SS early, long Tesla, and continue to invest for whatever. But holding out for the last penny isn't in my nature or I never would have believed Musk until after he proves out. For many still believe that point has not been reached yet, for me the re-evaluation of my Tesla holdings, that actually amounted to significantly more money so far, has not even scratched the surface IMO. If I had a block to invest now I would. All is spoken for, for now, to finish the outside living part of the new house. Remember, cash not finance? I would love to see my stock drop in the spring when we will be ready again. I know, back when I was hoping the naysayers would scare enough to sell low, everyone thought I was crazy looking for them to drop to my old buy price, 22.50 or on the way up until 25.

 

Want to see what some experts in the market are saying? Again go here: http://ophirgottlieb.tumblr.com/post/137099430209/the-secret-is-out-tesla-sales-are-out-of-control

 

I do get mixed feelings when folks say that they wish they had listened to me back then now that they see all the research I presented was dead on. I wish they had more than they do because I would love to share the feeling of standing pat on a royal flush others can't see yet. I answer truthfully that I wish they had too. The shorts are about to get squashed again within six months. At 70 bucks a share my FIL asked if I thought there was still money to be made. I told him that I was an amateur but to buy it and see. He bought as much as I had, and surprised me with that big of a risk from his perspective at $90. I bought mine at 17 and 22.5. He too was tired of the banking instruments giving only .5% or so and still lending banks lending our money to the working class at 7-22% a couple of years ago. They just got bailed after screwing not just us here, but the world too, and are still not in jail. I'm tickled to be a winner and feel good about it too.

Edited by RV

RV/Derek
http://www.rvroadie.com Email on the bottom of my website page.
Retired AF 1971-1998


When you see a worthy man, endeavor to emulate him. When you see an unworthy man, look inside yourself. - Confucius

 

“Those who can make you believe absurdities, can make you commit atrocities.” ... Voltaire

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I've been looking for articles on "buy and hold," re-balancing and such.

 

Here is an author that explains what might be a problem with "buy and hold" for some investors. http://news.goldseek.com/MerkInvestments/1452698820.php

 

The author apparently started taking his fund out of stocks last Aug. http://www.merkinvestments.com/insights/2015/2015-08-04.php

In order to read the article you will have to register. It is free and you can always un-register or "junk file" any future articles that come to you. Personally I like to read some of them.

 

K

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It's a grand time to have had a 'stash of cash' parked and waiting to invest... Maybe not today, or next week, or next month - but as the market usually only 'taketh' for some undeterminable time period, the market also then 'giveth' as the climb back up begins again.

 

We still have some of our retirement portfolio invested in longer term holds, and will continue to hold, as the these stocks are in DRIP's, so leveraging back in on some solid stocks these days.

 

We also always try to have about 20% or so of our 'investible bucket of funds' parked in cash, for 'buying opportunities'. Now, the timing on 'when' to ratchet these in, is always a fun part of the process. I'm now in a holding period, but suspect in the next week or two, I'll ratchet a percent of our available funs in. Not overly worried on hitting the 'rock bottom' as the investments will choose will become 'long time holds'. So OK to be close to the bottom, or even on the shallow side of the way back up.

 

We'll then wait a bit, and then 're-allocate' and harvest some of our older holdings, to replenish our 'stash of cash' bucket...

 

And all, I know many of my friends and family are very nervous about what has happened the last few weeks. I understand this, but feel this is a great opportunity, especially for the younger set that are in their 'building of retirement phase'. And yes, as the rates rise and the money that was printed off with such wild abandon over the last 7 years is pulled out of circulation, toss in a ISIS or other world event from time to time, and China this, or France that - and this cycle could be different. Probably a slower climb back up in values for many of the segments of the markets.

 

Best to all,

Smitty

Be safe, have fun,

Smitty

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Words to ponder from a legendary "investor".........

 

As William Lippman once quipped:

“Better to preserve capital on the downside rather than outperform on the upside”

 

Drive on.........(Try to miss the BIG.....potholes)

Edited by Dollytrolley

97 Freightshaker Century Cummins M11-370 / 1350 /10 spd / 3:08 /tandem/ 20ft Garage/ 30 ft Curtis Dune toybox with a removable horse-haul-module to transport Dolly-The-Painthorse to horse camps and trail heads all over the Western U S

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I'm holding pat, and will buy again in summer once I have my decks built for the new house.

RV/Derek
http://www.rvroadie.com Email on the bottom of my website page.
Retired AF 1971-1998


When you see a worthy man, endeavor to emulate him. When you see an unworthy man, look inside yourself. - Confucius

 

“Those who can make you believe absurdities, can make you commit atrocities.” ... Voltaire

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We still have some of our retirement portfolio invested in longer term holds, and will continue to hold, as the these stocks are in DRIP's, so leveraging back in on some solid stocks these days.

 

Best to all,

Smitty

 

Smitty,

 

"Dividend Reinvestment Plans" or DRIPS are a great way to dollar cost average into the market, for long term holdings.

 

Jim

Jim
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If you think you can, or you think you can't. . . you are probably right (Henry Ford)
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  • 2 weeks later...

Tesla is way down and the financials come out next Wednesday I believe. and then it will fall more, stabilize then rise, or rise from there. It will IMO rise again but I have been wrong before in my life, just not about Tesla. If it gets down to 120 or less I am buying more again. Tesla is very volatile as you can see today. The shorts are having a field day saying they were right just like they did in the September to November Telsa drop from 270 to 120 in 2013. I wasn't fast enough to get it at 120 and did get a block for 130 or so. ($135?) We'll see. I want to remind folks that it is volatile enough that unless you have held it long since it IPO'd in mid 2010, it could aggravate any stress or heart disorders you might have regularly! :lol:;) . We just grin and hope for a buy opportunity and it looks like it is coming. Been through this at the $50, $100 $185, and twice now in the $270 range, give or take 25 bucks points in 2010-2012, and 2012-2016. I am in long and only regret I didn;t sell high to rebuy twice as much at this point. But I did that at 90 to try it and then it only went up. Since I took back $5k more as a profit, I just upgraded my cars, had $10k left over, bought some SCTY, sold it for not enough volatility and bought more Tesla when it was down in 2013, and now have almost 3/4ths of our original shares, and are playing with only a tiny bit of our money.

 

I am not encouraging anyone to buy Tesla because if it tanks you are on your own. But since this ride I am still on was a big part of this thread from 2011 to date, today I thought I'd update everyone.

 

Safe travels and trades!

Edited by RV

RV/Derek
http://www.rvroadie.com Email on the bottom of my website page.
Retired AF 1971-1998


When you see a worthy man, endeavor to emulate him. When you see an unworthy man, look inside yourself. - Confucius

 

“Those who can make you believe absurdities, can make you commit atrocities.” ... Voltaire

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Tesla is way down and the financials come out next Wednesday I believe. and then it will fall more, stabilize then rise, or rise from there. It will IMO rise again but I have been wrong before in my life, just not about Tesla. If it gets down to 120 or less I am buying more again. Tesla is very volatile as you can see today. The shorts are having a field day saying they were right just like they did in the September to November Telsa drop from 270 to 120 in 2013. I wasn't fast enough to get it at 120 and did get a block for 130 or so. ($135?) We'll see. I want to remind folks that it is volatile enough that unless you have held it long since it IPO'd in mid 2010, it could aggravate any stress or heart disorders you might have regularly! :lol:;) . We just grin and hope for a buy opportunity and it looks like it is coming. Been through this at the $50, $100 $185, and twice now in the $270 range, give or take 25 bucks points in 2010-2012, and 2012-2016. I am in long and only regret I didn;t sell high to rebuy twice as much at this point. But I did that at 90 to try it and then it only went up. Since I took back $5k more as a profit, I just upgraded my cars, had $10k left over, bought some SCTY, sold it for not enough volatility and bought more Tesla when it was down in 2013, and now have almost 3/4ths of our original shares, and are playing with only a tiny bit of our money.

 

I am not encouraging anyone to buy Tesla because if it tanks you are on your own. But since this ride I am still on was a big part of this thread from 2011 to date, today I thought I'd update everyone.

 

Safe travels and trades!

 

RV

 

I can't remember if I presented this strategy to you in the past or not. If I did, or you are aware of the process, please disregard.

 

TSLA is at 162.50 as of today's close. You say that you would be happy to buy it at 120. The stock has already had a large drop and from here down to 120 is another 26 percent drop. Assume that you wanted to buy an additional 100 shares at 120. The March 2016 120 Put options on Tesla closed at 2.80 per share today. One contract covers 100 shares, so that gives it a value of 280.00.

 

You can sell one contract for $280.00 and that amount will immediately be credited to your account. In return for selling that option you are now obligated to buy 100 shares of TSLA at $120.00 at any time between now and the third Friday in March. If it falls to $110 you are still obligated to buy it at $120, but that is the point that you would have executed a buy order on it anyway. If TSLA goes bankrupt between now and the third Friday in March. . . you are still obligated to buy the shares at $120.

 

If TSLA does not reach 120 in the next six weeks you keep the $280.00 and the Put option you sold expires worthless. This gives you a 20% annualized return on your amount at risk. . . which was $12,000. . . 120 per share times 100 shares in the contract. This amount will then lower your cost basis on the shares that are in your TSLA position.

 

Assume TSLA only falls to 140. . . you will then re-write the put option at 120 or lower and the process starts again. If TSLA goes up, you still keep the premium and your cost basis on the core position is further reduced.

 

A stock will only do one of five things. . .

 

1. Goes up dramatically

2. Goes up gradually

3. Trends sideways

4. Goes down gradually

5. Goes down dramatically (including bankruptcy)

 

This process of acquiring stock, or adding to a position, allows you to make a profit in four of the five possible scenarios. Those are pretty good odds. If an investor has a firmly defined level at which he or she will enter a position or add to an existing position this is an excellent way to generate profits as you wait for that price point to arrive. If it never arrives, you are still money ahead.

 

I'm not making any recommendation here or offering any financial advice. In fact, TSLA is not a stock I would invest in (no offence intended RV) it's just not my type of investment. But I have found this to be a very good way to open new positions or add to existing positions.

 

Jim

Jim
SKP: 99693
If you think you can, or you think you can't. . . you are probably right (Henry Ford)
2014 Dodge 4WD Dually
1998 Carriage LS-341

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Sorry Jim I meant to answer earlier but yes you have talked about several options like that and shorts in the past. I am just not into investing in induividual stocks. Tesla has been the only one and that after following Musk for about 10 years until they finally went public. I am not into any obligations that could end up making the investment risky. I do not consider it risky because he will, and has, always executed his long term plans, and only announces them once he has the course charted.

 

So thanks for the thought. Did you do that? If so, I hope it works out. Me I am just boring long. At the moment we just did a house and our liquid is at our minimums for comfort. I will get more but not $12k at this time. Maybe half that. I am much more comfortable riding the oscillations of the stock long. I just wish I had a crystal ball that worked. Then I could have sold out at 270, and bought now or soon and double the shares I hold almost.

 

I do not think bankruptcy is a danger. We will see in the next year or two.

 

It works for us.

Edited by RV

RV/Derek
http://www.rvroadie.com Email on the bottom of my website page.
Retired AF 1971-1998


When you see a worthy man, endeavor to emulate him. When you see an unworthy man, look inside yourself. - Confucius

 

“Those who can make you believe absurdities, can make you commit atrocities.” ... Voltaire

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