Anyone Invested In Utilities?

Catlady said:
I only have ONE mutual fund, an original pick in my IRA account, don't like them, am using it for my RMD withdrawals. I have a few ETFs and the rest are stocks. I like the ETFs, similar to mutuals, because of their safety and dividends, but I prefer stocks. With stocks you have bigger losses, but you also have bigger gains. I like some excitement, my life is already too boring. 🤪
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I started with mutual funds and have only owned three individual stocks....PPD (which used to be Pre Paid Legal), Apple and Facebook. I sold PPD over a decade ago to help my son and never got back into it. Apple and FB are still up 175% and 346% respectively, even with the dive the market has taken, but I don't have that many shares of either. Being I'm already retired, I feel safer being in funds and ETFs. I like that I can see realtime share prices when I buy ETFs. I only own two different ones...I wish I'd started with them earlier and had more.
 

Colli❤ said:
I contacted Regal Assets about rolling over my IRA/401(k) into precious metals and cryptocurrency. Nobody can touch that and if inflation hits will be a great asset to have here is where I went to for information https://regalassets.com/request-free-gold-investment-kit?id=0
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Crypto currency is too volatile; I wouldn't want my retirement assets tied up in them. I've lost 85% of my very, very tiny investment (less than a half of a percent of assets) in Litecoin, which I invested in when my son did, just out of curiosity It's in my son's account and I'm leaving it for him anyway, so hopefully it climbs up by the time he needs it. I remember Bitcoin had risen to the $20,000 rage per coin. Now it's a little over $5,000.
 
Made big bucks with utility stocks, many years ago. From what I've heard, they're still a good investment. Then again, what can you count on, these days?

I'm back out of the market, as of yesterday. I think I may be out, for good. Insult to injury, though, I'll still be paying taxes on my (reduced) gains. I guess it could be worse, as in no taxes, but BIG losses.
 

treeguy64 said:
Made big bucks with utility stocks, many years ago. From what I've heard, they're still a good investment. Then again, what can you count on, these days?

I'm back out of the market, as of yesterday. I think I may be out, for good. Insult to injury, though, I'll still be paying taxes on my (reduced) gains. I guess it could be worse, as in no taxes, but BIG losses.
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Don't tell me you panic sold Treeguy! And on the day of the worst point drop ever!? :eek:
 
OneEyedDiva said:
Crypto currency is too volatile; I wouldn't want my retirement assets tied up in them. I've lost 85% of my very, very tiny investment (less than a half of a percent of assets) in Litecoin, which I invested in when my son did, just out of curiosity It's in my son's account and I'm leaving it for him anyway, so hopefully it climbs up by the time he needs it. I remember Bitcoin had risen to the $20,000 rage per coin. Now it's a little over $5,000.
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I'd NEVER invest in any of that digital currency. To me it's all garbage, with some smoke and mirrors, and heavy tech-speak. Please understand, if YOU understand it, thoroughly, AND you've made good gains on your investments, then my hat's off to you!
 
OneEyedDiva said:
Don't tell me you panic sold Treeguy! And on the day of the worst point drop ever!? :eek:
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My stocks were very conservative, gain-wise, and stability-wise, so they did NOT get hit very hard. I also had my Sell order in before the giant slide, so I caught a small break. Bottom line: I made 10% on my original investment, so I'm OK with that. Fairly short-term, in truth.
 
I'm weird, I guess, I LOVE bear markets! I've been saving cash and had a list of stocks I want to buy first time or add to, and the buying goal for them is at 52 week low or 50% off 52 week high prices. That's good enough for me, no matter how much lower they go after that. This old bull NEEDS to die so we can begin anew with a new bull. Weird how it (seems) to have died on its 11th year anniversary (3/9/2009). Once this pandemic is over we can start going up again.
 
Utilities were a good investment at one time, back when they were paying a decent dividend. A lot of Seniors enjoyed that ride.

I have never been a Buffet or Cuban guy because I don’t have the money they do. I saw yesterday where Cuban bought Twitter shares. The stock is down somewhere around 40%. That’s probably a good investment, as long as it recovers. Otherwise, they’ll make an a$$ out of him on SNL.
 
OneEyedDiva said:
I feel safer being in funds and ETFs. I like that I can see realtime share prices when I buy ETFs. I only own two different ones...I wish I'd started with them earlier and had more.
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There are two ETFs that I like and plan to add to whenever possible, SPY and QQQ. I plan to make them my core holdings.

I'm also buying the etf MJ now that pot is down in the dumps. Once pot is federally legalized, those pot companies are going to do well, plus MJ pays a good dividend of 6%+. I don't use pot, but will if I have pain in the future, rather use that than opiates. And most old people do suffer some form of pain and pot use is increasing in the over-65 population.
 
Catlady said:
There are two ETFs that I like and plan to add to whenever possible, SPY and QQQ. I plan to make them my core holdings.

I'm also buying the etf MJ now that pot is down in the dumps. Once pot is federally legalized, those pot companies are going to do well, plus MJ pays a good dividend of 6%+. I don't use pot, but will if I have pain in the future, rather use that than opiates. And most old people do suffer some form of pain and pot use is increasing in the over-65 population.
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You sound excited Catlady...having fun. So happy to hear that among us oldsters. We all need something to have fun with.
 
911 said:
Utilities were a good investment at one time, back when they were paying a decent dividend. A lot of Seniors enjoyed that ride.

I have never been a Buffet or Cuban guy because I don’t have the money they do. I saw yesterday where Cuban bought Twitter shares. The stock is down somewhere around 40%. That’s probably a good investment, as long as it recovers. Otherwise, they’ll make an a$$ out of him on SNL.
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I bought shares of Southern Company somewhere around 1998 for $14. Even after the selloff they stand at $54. I have been receiving dividends in the 4-5% range all that time. So I have definitely enjoyed the ride, and will continue to do so.
 
Catlady said:
I'm weird, I guess, I LOVE bear markets! I've been saving cash and had a list of stocks I want to buy first time or add to, and the buying goal for them is at 52 week low or 50% off 52 week high prices. That's good enough for me, no matter how much lower they go after that. This old bull NEEDS to die so we can begin anew with a new bull. Weird how it (seems) to have died on its 11th year anniversary (3/9/2009). Once this pandemic is over we can start going up again.
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Like your attitude Catlady!
 
Liberty said:
You sound excited Catlady...having fun. So happy to hear that among us oldsters. We all need something to have fun with.
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I have as much fun buying/selling stocks as some women enjoy buying clothes or shoes, which I never cared for. My daughter will probably end up enjoying the fruits of my labor, but in the meantime I'm having fun ''gambling''. LOL
 
JimBob1952 said:
I bought shares of Southern Company somewhere around 1998 for $14. Even after the selloff they stand at $54. I have been receiving dividends in the 4-5% range all that time. So I have definitely enjoyed the ride, and will continue to do so.
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I could name many utility stocks I have purchased over the years that gone up over 200% plus the dividends they have paid over the years.
 
oldmontana said:
I could name many utility stocks I have purchased over the years that gone up over 200% plus the dividends they have paid over the years.
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That is a wonderful thing. Good luck during the current unpleasantness, it will pass. (Up almost 2000 points today, not that it means anything)
 
JimBob1952 said:
That is a wonderful thing. Good luck during the current unpleasantness, it will pass. (Up almost 2000 points today, not that it means anything)
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I remember when the DOW used to go up-down 3-5 points a day. Lately it was 100+ a day, and now it's 1000+ a day. I'm assuming it's because of the computerized trades or the virus or whatever. We'll see what happens Monday, another 1000-2000 up or down day? It's a roller coaster ride for sure!
 
Catlady said:
I remember when the DOW used to go up-down 3-5 points a day. Lately it was 100+ a day, and now it's 1000+ a day. I'm assuming it's because of the computerized trades or the virus or whatever. We'll see what happens Monday, another 1000-2000 up or down day? It's a roller coaster ride for sure!
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Your sentence, “We’ll see what happens Monday.” That’s what bothers me. Too many things can happen over a weekend and most of them seem to be bad. That puts us small investors at a disadvantage.
 
treeguy64 said:
I'd NEVER invest in any of that digital currency. To me it's all garbage, with some smoke and mirrors, and heavy tech-speak. Please understand, if YOU understand it, thoroughly, AND you've made good gains on your investments, then my hat's off to you!
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Treeguy...what I invested amounted to "pocket change". I admit though, I wish I had invested in Bitcoin when I first heard about it which was a few dollars a coin. Even after the spike at $20,000 and the subsequent slide down to $5,000 it still would have been a nice profit. I do not even consider what I invested in Litecoin part of my portfolio. I'm leaving it for my son. It's good you didn't lose out. Sounds like when I sold some shares during the 2008 recession. I didn't lose money at all; that too was a relatively conservative fund.
 
oldman said:
Your sentence, “We’ll see what happens Monday.” That’s what bothers me. Too many things can happen over a weekend and most of them seem to be bad. That puts us small investors at a disadvantage.
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I've been paying attention to after hours and pre market prices. I was able to buy one stock at $48 after hours (my goal was $48), and when it opened the next day it shot-up to $54. I didn't know I could do that before that day. I don't know if they allow it on the weekends. Right now, there are some stocks that have gone down after hours, but not much. Check out your stocks.
 
mathjak107 said:
90% of all trading volume in a day is machines with no human interaction...they just follow the software
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I’ve read this also on the CNBC website. That makes perfect sense and being that technology is what is, I would expect it. Every trade I make is over the Internet. I don’t own a seat on the Exchange and even then, the men and women sitting in the gallery trade electronically also.
Catlady said:
I've been paying attention to after hours and pre market prices. I was able to buy one stock at $48 after hours (my goal was $48), and when it opened the next day it shot-up to $54. I didn't know I could do that before that day. I don't know if they allow it on the weekends. Right now, there are some stocks that have gone down after hours, but not much. Check out your stocks.
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If you deal with a brokerage house that does after hours trader, you’re good to go.
 
oldman said:
I’ve read this also on the CNBC website. That makes perfect sense and being that technology is what is, I would expect it. Every trade I make is over the Internet. I don’t own a seat on the Exchange and even then, the men and women sitting in the gallery trade electronically also.

If you deal with a brokerage house that does after hours trader, you’re good to go.
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No trading on weekends
 
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