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New IRA asset allocation:
This is definitely a stock that I intend to hold long-term. I'm overweighting it and bracing for more pain. Not only has Tyson been in falling knife mode for the past month, but the White House isn't at all happy that the company raised meat prices during a pandemic. Makes inflation look bad, as if there aren't enough reasons already that inflation looks bad.
I suspect that the pace of my trading will soon grind to a halt, now that VPU is down to just 20% of my IRA. The buying and selling seems mostly done. Now it's time for the holding. If I thought that there was even a chance that we'd soon see 1% real yields on the 30-year TIPS then I would not be taking such risks.
10 comments:
Real yield?!?
Try "avoiding negative yield."
Those asset rotation boys don't grasp that there are situations that can make all assets fall. In a true panic, other assets can get liquidated to try to cover equity losses, driving all asset classes down.
But like inflation, that would never happen. Wait, what? Biden administration is trying to rerun the entire 1970's in one year? Oops.
https://youtu.be/UOg_8hCC4u4
You don't know what you'll do until you're put under pressure
I hope the chickens don’t come home to roost with your Tyson pick. Lol.
I own a small amount of it too. You seem to be copying parts of my portfolio.
Q: Why did the chicken company cross the White House?
A: Because it was actually a goat! A scapegoat!
Knock. Knock.
Who’s there?
Chicken.
Chicken who?
Just keep chicken to see how cheep Tyson can get… after I bought it. ;)
I own a small amount of it too. You seem to be copying parts of my portfolio.
I see what you are doing here. You’re trying to make me feel good about my recent purchases. It’s kind of working, but I can’t help but ask a very important question.
Do you own Tyson as part of a total global stock market index fund?
If so, I’m definitely copying parts of your portfolio no matter which crappy stocks I buy. Ha! ;)
Lol. No way. I buy my own stocks. The only ETFs I own are for foreign stocks.
Okay, I’m almost convinced, One more question.
Have you purchased one share in every public company in America just so you can easily win bar bets with wealthy professional Wall Street traders?
You: “I own that.”
Them: “What about Destination Maternity?”
You; “Yeah, I own that one too.”
Them: “You expect me to believe that you own part of a small company that specializes in maternity clothes for expecting moms?”
You: “Yes.”
Them: “But its stock trades for less than a penny! I don’t believe a word of it!!”
You: “Bet you $1000 that I do.”
Easiest $1000 ever! Ha! ;)
https://finance.yahoo.com/quote/DESTQ/
Oh. I didn’t realize that you were a wealthy, professional Wall Street trader!
Honesty… I own too many stocks. I basically run my own unofficial mutual fund.
Feeling real optimistic about my most recent trades. Even a worst case outcome should not affect my “professional” attire.
https://www.cartoonstock.com/cartoon?searchID=CX69271
Hahaha! *cringe*
What he didn't realize is what happens when you've already lost your shirt.
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