Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : TRIPLE TRADES -- Ignore unavailable to you. Want to Upgrade?

To: Bull RidaH who wrote (3630)	1/2/2024 9:44:49 AM
From: robert b furman	Respond to of 4397

Good Morning Bull, That was a great recap of major interest rate moves. For me personally I can remember being long in all of them. The 1987 created a long list of margin calls for me, as it caught me very margined. Part of a long learning curve. The drop of 2001, Had little effect on me, as I had gotten cold feet and sold everything by the October before. My account was almost all Cohu and it had done a 2 for one and gone up to become a 10 bagger. Sadly, I had yet to learn about Ewave, and entered lightly during the later B wave that shot up around 2003. Not a big deal but remained under water in Cohu and as I made gains though out the next 5 years, I earned my money back by harvesting losses. By 2010, I has sworn off margin completely and never looked back. Now in 2024, I'm much more diversified and in more stocks (tech and energy). My portfolio is aimed squarely at Dividend Aristocrats, XOM, CVX, T, KMI, and an OTC small cap AMNF. That comprises 68.5% of the portfolio with 6% of that in preferred shares that generate fixed income that covers all of my real estate taxes, utilities,insurance,and food expenses. The other 31.5% is in JPM CD's, US Treasuries, and a Schwab Money Market fund. Having bought my XOM,CVX, and most of the KMI back in the pandemic,I'll probably hold them till I'm pushing up Daisies, unless a Black Swan event in the Middle East triggers a blow off distribution top in energy and I'll clip that coupon and be really in a huge cash position. In my years of hard learning about sell offs, I often dreamed of having bought Tech after 2001, Banks after 2008 and energy after 2020, thrown them in a drawer and fugetaboutem. After those big selloffs and long accumulations, all of them aged to become excellent dividend payers. Dividends paid by Dividend Aristocrats are the best low taxation way to grow wealth I've come to enjoy. It requires liquidity in downturns and persistent fearless determination to swim against the crowds accepted wisdom, and rewards one with a long term growing dividend revenue stream. It has been a long learning road,with so much more to learn. I've grown grey hair over its course, but love the trip so far. I've not really changed my style. Was raised to be frugal and live within my means. I'm now aging enough to wonder what my duration will be (blessed with good health so far), and am truly beginning to enjoy the power of compounding. I'm so thankful my Dad got me interested in stocks at the sge of 18. That allowed me to get my mistakes in early. <smile> I'm also thankful of my GMI education which was very GM conservative, with excellent business professors who talked the talk and walked the walk. My business Finance Professor announced in 1974 that he had taken out a loan on his house and bought GM shares. By my graduation in 1976, he had taken his profits and paid his house off. I thought highly of him as his announcement was not necessary, but it made a wonderful impression of how valuable a business education can be (if learned and practiced). Thank You for your cadre of regular posters here. You are an excellent emcee! This is a thread where a LOT can be learned here. I'll not be surprised to see a black swan event this year. More than likely an energy spike and the realization that energy is and will be sticky for far longer than the fools we have running the show dare to recognize. We have been lead by people with a nonleadership course. It will not end well. As a country of huge fossil fuel wealth, it is time we learn our adversaries do not have our well being in mind. They pay big ransomes for us to be fools and not pursue wealth creation for our fellow citizens. If that does happen, I'm very hedged and will benefit by it happening. The other Black Swan events,like usual are not in my sight. If we do have a huge sell off, I'll use my cash,to sell puts,and hope to be assigned solid balance sheets at very reduced prices. It is the safest way to invest in shares I've ever experienced. Thank You for you do here. I wish a "Prosperous New Year" for you and all the regular contributors here on your great thread! Bob