What Pivot?

[NitroZ7]

I'm not sure how the market was ever pricing in a pivot next year given where inflation is but it looks like Powell set them straight today. Inflation will be tamed even if it impacts the labor markets and the overall economy. Looks like the market finally is taking him at his word.

[Tfall]

Yup. Got some great deals today during the sale.

[boneil]

Crazy that this market bounced as high as it did.

[dvl2700]

Had an order in effect for 60 days for an ETF that I lowballed. Not only was it placed friday afternoon, I could have gotten it even lower. Looking to pick up WMT or XOM on monday. I like deals that I can hold long term, buy and forget about them for the most part.

Powell cannot tame inflation with the Government spending money like a drunken sailor. Next thought is with people spending less because of inflation, will the Government think they need to throw more money in the form of stimulus, free college, handout for businesses etc and defeat the Fed's attempt to reduce inflation and the money supply ? Never ending cycle. Maybe if they (the Federal Reserve and the Government) kept their hands off a free market economy, we would not see the large boom and bust cycles.

[boneil]

We need the boom and bust cycles. Busts to clean out the garbage companies and booms to take a profit and make lots of money from the buying opportunities given during the busts.

[NitroZ7]

I got puts out on HD and AVGO at some low prices (250 HD) and 450 on AVGO. They got sort of close to hitting when it fell last time so we shall see. Going to be picking up alot of SCHD in another account if it falls under 73 this week.

[idbefishing]

Why SCHD? is it a long term hold for dividend type of deal?

[Tfall]

I got puts out on HD and AVGO at some low prices (250 HD) and 450 on AVGO. They got sort of close to hitting when it fell last time so we shall see. Going to be picking up alot of SCHD in another account if it falls under 73 this week.

SCHD hit 72 and change…I’m slowing adding to my position as I think it will go lower.

[NitroZ7]

Why SCHD? is it a long term hold for dividend type of deal?

It is a dividend growth ETF that yields around 3.5%. It has sticks like PG, PEP, LMT. Im buying it in one of the accounts that I dont monitor much to make my life easier.

[NitroZ7]

SCHD hit 72 and change…I’m slowing adding to my position as I think it will go lower.

I put orders in at 74, 73, 72, 71 and 70. Going to add on the way down.

[Tfall]

I put orders in at 74, 73, 72, 71 and 70. Going to add on the way down.

Great idea. I love dividends on any stocks or ETFs I own. SCHD is a good one. I also buy SCHV on hard dips. Not as good as SCHD but it still pays out.

[NitroZ7]

Great idea. I love dividends on any stocks or ETFs I own. SCHD is a good one. I also buy SCHV on hard dips. Not as good as SCHD but it still pays out.

Dividends are the way. A paycheck for a job you don't have to show up to since you are the owner.

[idbefishing]

Does your brokerage just reinvest the dividends automatically or they pay out then you do it manually?

Would you buy VIG at 143?

[NitroZ7]

Does your brokerage just reinvest the dividends automatically or they pay out then you do it manually?

Would you buy VIG at 143?

I manually choose whether I want dividends reinvested. I have some VIG in my retirement account but I like SCHD better.

[apenland01]

I've got about $5k sitting at Schwab that I'm DCA over the next month or so into QYLD covered call ETF. Very solid monthly dividend and much better than sitting in a bank. It may also rise in value before I need the money when the housing/business markets crash and new opportunities present themselves lol.....

[NitroZ7]

I've got about $5k sitting at Schwab that I'm DCA over the next month or so into QYLD covered call ETF. Very solid monthly dividend and much better than sitting in a bank. It may also rise in value before I need the money when the housing/business markets crash and new opportunities present themselves lol.....

Take a look a JEPQ. It is similar to QYLD but the structure is a little different in that they use Equity Linked Notes and sell calls on the NDX while holding individual stocks in the QQQ in an actively manage portfolio. It is new so not much history on it to look at though.

[apenland01]

Take a look a JEPQ. It is similar to QYLD but the structure is a little different in that they use Equity Linked Notes and sell calls on the NDX while holding individual stocks in the QQQ in an actively manage portfolio. It is new so not much history on it to look at though.

I'll check out JEPQ later today...

[Tfall]

Does your brokerage just reinvest the dividends automatically or they pay out then you do it manually?

Would you buy VIG at 143?

I get all my Dividends in cash. That way I can decide when to buy the stock or ETF…when it’s on sale.

[idbefishing]

Dividends are pay based on number of shares right? does it fluctuate much?

[apenland01]

I got 40 JEPQ at an even 45, then it dropped, then came back up again...