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What are you buying or selling?

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May 11, 2013 – Comments (21)

Let's try an informal, unscientific survey to add some more investment commentary to CAPS.  Here are a few questions and my answers, feel free to answer as many or as few as you like, or answer one I didn't ask.

1.  What was your last investment buy or sell? Why?

     Mine was a BDX buy last Wed adding a little to an existing position.  Boring company (I like those), fair value, ok dividend, good div growth record and pieces are in place to keep the payout growing.

2.  Any sectors or investment types you think have good value or are overpriced?

     I see ok values in tech, healthcare and energy.  In general, I think the market overall is a little on the expensive side of fair value. 
     I think bonds will be the next bubble to pop - just don't know how long they'll keep getting more expensive before the fall - and I could be wrong.  After all, German 10-year bunds have a yield below 1.5% and Japan's 10-year JGBs trade around 0.6%, so it's possilbe US 10-yr rates could drop further.

3.  Are you making any change to your investment strategy?

     I recently moved a small piece, about 3%, of my 401k to cash.  I've also started leaving a little more of any new money sitting in cash rather than buying something.  For example, where I would have targeted 90 - 95% of a new investment or dividend to invest, I now look to leave about 20-30% in cash.  Nothing radical, just don't want to get caught low on cash if we get a correction.

What are you doing?  Or, what am I doing wrong?

Fool on!

Russ

 

 

21 Comments – Post Your Own

#1) On May 12, 2013 at 12:08 AM, HarryCaraysGhost (99.63) wrote:

1.  What was your last investment buy or sell? Why?

Hey Russ,

Just been adding to my KO DRIP this year.

Sold BUD last year just because it made me quite a bit O' money.

Cheers.

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#2) On May 12, 2013 at 2:07 AM, awallejr (79.68) wrote:

1. I sold my holdings in MPW ( bought in the $4 dollar range and sold $16 ish with an 80 cent dividend and bought AINV in the $8 ish range with and 80 cent dividend). Doubled my income.

2. I am still a fan of the MLPs, BDCs and REITs.

3. i am sticking with yield, although I do reserve a portion to speculation.

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#3) On May 12, 2013 at 7:40 AM, jiltin (30.12) wrote:

My current investments are Ticker (gain/loss %)

GILD  (-2%)

LXP  (+5%)

EBAY  (+5%)

SPWR  (+18%)

ECTY  (+10%) - likely be sold soon when price reached $2.

SCTY  (+16%)

TSLA  (+35%)

DDD - missed boat, waiting for good opportunity. 

 Apart from this, I have some holding on tax free bonds NCA, NQC etc. 

 Except GILD, everything is positive for me. GILD would have been positive, but FDA rejected two of their new HIV drugs. Hence, I sold 60% of my holding under minor loss and holding 40%.

GILD is in my watch list along with DDD. 

I use caps feedback to find out stocks that consistantly beats the S&P for the last three months. I expect minimum 30% slope up curve over S&P. In addition, I do account the company's last year balance sheet, gross income, net income and the sales order book positions.

Thinking to hold SCTY, SPWR and TSLA for a long term until FED increases the interest rate. I will pull out all stocks holding next day after FED announces the change or likely slowly pull out when jobless reaches below 7%. At this stage, I do not have any clear idea what to do with  SCTY, SPWR and TSLA. I am still learning. 

 Overall, 60% Stocks, 20% cash, 20% Bonds are my holding.

 

 

 

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#4) On May 12, 2013 at 9:31 AM, HarryCaraysGhost (99.63) wrote:

In the interest of full disclosure, I did an audit of my above statement and found it to be faulty-

I purchased MTGE this year using the dividend income from my long held stocks such as-

Visa

GE

Bud (still got the yearly payout before I sold)

Ok I'm off to visit mom,

Happy Mothers day everyone.

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#5) On May 12, 2013 at 10:59 AM, tomlongrpv (73.92) wrote:

My latest investments have been as follows:

CAG My firm has done work for ConAgra in the past and they seem well run and focused on long term ROE.  They fit the relatively low risk profile I like to see for most of my investments. CAG replaces HNZ which I held until it became clar that another one of my holdingds Berkshire was cannibalizing Heinz.

BA I felt that the news media was overreacting to Boeing's troubles and I was hoping the market was doing so as well.  I am not sure.

MCD I bought McDonald's as a replacement for YUM in the vsgue belief that MCD may have more potential than YUM.  I sold YUM.

UTX I bought out of a vague feeling after looking briefly at its data that it was a good deal relatively speaking in what appears to be a seller's market right now.

 MTNOY This is my first OTC purchase and reflects my desire to have some reasonable exposure to really emerging markets.  MTN is an African cell phone company.  I think cell phones will play a bigger role in Africa because they will provide financial serrvices and they will leapfrog land lines which will never arrive in much of Africa.  This is a high risk investment, but if Africa cannot get rewards for investors right on this one it is likely to starve in other fields for lack of capital.  This should be a no brainer if Africa can overcome all of its political and social problems so as to make some effort to attract investors.  That's a big if.

My portfolio here is one of my real life portfolios.  My typical investment in a company is 200 shares or mid 20 Ks in dollars.  I am thinking next of more exposure in Latin Americqan but am not sure how to go about it.

 

tomlongrpv

 

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#6) On May 12, 2013 at 11:01 AM, valuemoney (99.99) wrote:

100% invested. Still would be adding. But I have no more money!.....

deals out there currently.....WFC, NOV, CHRW, SYY, COL, IBM. U.S. banks are still a relatively good place to look for deals. XLF is safest way to play them. WFC, USB, PNC, BK are the best run. Europe also has some deals over there. That market is probably one of the best to look at. PKX looks temping also. Some other steal or commodity names are cheap if looking for a trade. Coal space looks attractive.

I would steer clear from anything gold or silver related. Steer clear from insurance stocks, homebuilders and refiners for the most part.

5th year of bull market I would guess it will last 7, In the later stages MEGA caps and large caps tend to outperform the market so a basket of them would work plus if there is a big correction those will go down the LEAST because they have tons of cash and quality earnings.

Full Disclosure: Long WFC

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#7) On May 12, 2013 at 11:08 AM, valuemoney (99.99) wrote:

look for names on JohnCLeven   latest blog, those are always great names to choose from even if you overpay for them a bit

In general, from your blog, I think you are spot on in your thinking.    

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#8) On May 12, 2013 at 12:41 PM, Option1307 (30.06) wrote:

I've actually had a quite a bit of turnover this year. Buying up new stocks when the opportunity presented itself as well as raising cash. I now sit at ~27% cah in my portfolio as I feel the market is too hot at this point.

1. Bought in no particular order

 - MKL: Picked up shares after the annoucement they would be buying Alterra and price decline. Solid company that was on the cheap at the time!

- AAPL: Buying at ~400 is a good idea. This seems like a solid long term play from this level. Growth may be slowing but it is by no emans over.

- STTYF: Long term play that Nolan Watson can recreate his magic with this commodity streamer. Buying below 0.30 seems like a great risk/reward to me. Slightly speculative so I won't allocate too much of your portfolio but still a good risk to me.

- VOD: Bought earlier this year with idea that the market does not value their significant interest in Verizon wireless.There have contineud to be rumblings lately of a sale etc. Time will tell!

-CORR: Significantly undervalued in the ~6.50 range. Pays decent dividend now but in process of being converted to REIT which will drastically increase dividend and share price etc.

2. I have talked a lot about my homebuilder holdings on Caps and have basically decided there is still a lot more room to go the next several eyars. Obviously the ride will be volatile but think it is worth it.

I really would like to increase my exposure to energy stocks, but will not buy until we see an overall market correction which is just a matter of time. Some potential stocks are MHR, BP, WLL.

I also would love to buy up shares of VE during any market correction as well.

Good luck Fools!

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#9) On May 12, 2013 at 1:43 PM, Tagit (45.24) wrote:

I purchased and sold RF many times since 2009. However, I sold all stocks in my [personal] portfolio in August of 2011 and went in very heavy with RF [only] between 3.50 and 4.05 starting on 8/19/11.  I sold half @ 7.10 in August of 2012 the other half @ 8.22 in April 2013.

I re-positioned our 401K for 2013, and I personally cashed out of the Market altogether in April because IMO it can’t sustain these levels much longer and history proves it.  

Does that mean I won’t reenter the market in 2013 –no? There are solid stocks out there on sale; I’m just waiting for the right timing (for me).

I like the energy sector and I’m very fond of regional banks.

Some of these banks due to commercial exposure significantly lagged all sectors since the 2009 meltdown. But, many have turned the corner and are undervalued and prime candidates to be watching.

I don't like the shipping sector (at all), and I still like RF  :)  

Fool on!!

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#10) On May 12, 2013 at 1:54 PM, ikkyu2 (99.22) wrote:

I have sold 3 times in the past 2 weeks; hadn't sold anything for a couple years.  Last sell was ITB; I sold 50% of my stake in this houisng-sector ETF, which has been on fire and doubled in value since i purchased it in 2010.

I think that some smaller cap stocks, especially high-beta cyclicals, have some room to run right now.  Small cap industrial names.  I also think the 3-D printing market will be expanding for the next few years, although I have no idea which particular name - DDD, XONE, SSYS are the main tickers.

I am selling into this latest batch of strength.  I am 16% in cash, targeting 25% over the next few months. 

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#11) On May 12, 2013 at 2:05 PM, JohnCLeven (76.94) wrote:

@ valuemoney Thanks for the shoutout.

My two most recent purchases were: MCD in November 2012, and COH in late January 2013.

I am currently interested in: VAR, LH, CHRW, IBM, and JW.A.

The truth of the matter is that I don't REALLY understand some of those businesses as adequately as i'd prefer, otherwise i'd probably have already bought 1 or 2 of them.

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#12) On May 12, 2013 at 3:13 PM, portefeuille (99.61) wrote:

I have not bought/sold anything recently, but the #zzporte collaboration has started and we have made quite a few transactions already.

current positions.

 

current gains/losses.



enlarge

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#13) On May 12, 2013 at 9:00 PM, rd80 (97.59) wrote:

Thanks for the comments.  Interesting to see some of the different approachs people are taking.

Here's a link to JohnCLeven's blog entry mentioned by valuemoney in #7.  A lot of research went in to it - well worth a read and a rec.

 

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#14) On May 12, 2013 at 9:13 PM, Tagit (45.24) wrote:

# 13 the blog entry takes me nowhere?

blog entry 

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#15) On May 12, 2013 at 10:08 PM, rd80 (97.59) wrote:

@ 14

I must have messed it up.  Try this one.

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#16) On May 13, 2013 at 11:22 AM, Teacherman1 (43.04) wrote:

Tagit

If you want to follow those stocks, I opened up a new CAPS page using that list. It is Teacherman333.

And yes, to anyone who is interested, I did give credit for the list to John.

I don't own any of them, but was curious to see how they would do over the long run.

Hopefully I will be around for the long run to see the results:)

I am buying energy companies that the shorts are holding down, because they have made them good buys, imo.

AXAS, HK , SD and MHR. Watching KOG, but not buying yet.

Adding to my positions in the regional banks. HBAN, KEY and RF.

Still nibbling and not gulping.

JMO and worth exactly what I am charging for it.

Good luck to all.

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#17) On May 13, 2013 at 1:42 PM, portefeuille (99.61) wrote:

If you want to follow those stocks, I opened up a new CAPS page using that list. It is Teacherman333.

http://caps.fool.com/player/teacherman333.aspx.

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#18) On May 13, 2013 at 3:55 PM, Tagit (45.24) wrote:

Teach, as always good to hear from you. I've added your new player as a favorite, so I can keep up.  I should have nibbled at RF again when it dipped below 7.80 a few weeks back. I could have made a nice 10% plus gain in 30 days. O…well. :)

# 15… thanks, it was worth the read and a rec for your post as well. Also, if my memory serves me correctly you was keeping up with many banks at one point. What’s your take on some of these regional banks that have lagged and are primed to now start moving? 

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#19) On May 13, 2013 at 4:00 PM, Valyooo (99.43) wrote:

Currently just buying a lot of yield....MLP's and AGNC....AGNC is paying a 17% dividend now.....for a company that managed to grow its business during the recession, and is constantly improving, I do not understand how the yield is so friggin high and not more peopel driving price up further...people have been warning of a crash for years, but every pullback has been a buying opportunity...IMO, AGNC presents the best buy of the moment

 

Also just bought ETP, LINE, and a little KMP, and shorted UNG

 

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#20) On May 13, 2013 at 7:46 PM, awallejr (79.68) wrote:

Well Mreits took a hit today because of a Barron's article about a Wall Street Journal's article about how taking away QE will hurt them.  Of course the author failed to note that NLY, for example, was doing just fine before QE1 even started.

And welcome to the world of MLPs Val.  Turbo Tax handles the K-1s nicely, you just have to wait to get them some time in March.

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#21) On May 14, 2013 at 11:23 PM, rd80 (97.59) wrote:

@18 - I have a player account - TARPedBanks - set up to track the banks that took TARP money, it's way, way overdue for an update.  I haven't looked at any of the regionals in some time.  But, financials are one of the areas in the market where there seem to be some decent valuations.

I own WFC, but the cheapskate in me doesn't like buying in at 52-week highs.  That said, no plans to sell any.

USB and BBT are on my 'stocks worth a closer look' list, but I haven't done any research on them.

Also have a few CAPS picks in the financial world that have been doing ok.  Blackrock (BLK) falls in the 'wish I'd bought some when I made the pick' category.  For those with a high risk tolerance, I think Spain's Banco Santader (SAN) is worth a look - although it's not doing real well for me in the FoxForce5contest.

As always, the comments above are my opinion and should not be considered investment advice.

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