Needed to get the bio-techs when they bottomed out (along with all others) in late March. Bought one just before absolute bottom March 17, sold it exactly 2 months later and made 55%. It's been topped out since and hovering the last couple weeks since I sold. Even today it didn't move much and stagnant the last 2 weeks. So sell timing is looking good on one, for a change.
Most bio-techs rocketed April/mid-May and topped out. Other oversold sectors that haven't recovered much the last 2 months are now fully on the radar. Airlines, banks, REIT's and others.
I have a mREIT that got hammered hard, and wishing I had a stop loss on back in March. I had a stop loss on one a few years back (2015), but that one "flash crash" day forced a sell I didn't want, as it recovered back the same day. So, I went back in naked without one on this batch. My bad. It's about 3% or so of retirement acct, so not too detrimental, but notable.
Seems the mREIT's are now on the move yesterday and today. But could just be day-traders moving in as prices are so low, it's like trading penny stocks when $0.20 is a 10 percent gain in a day. Now wishing I bought some at it's bottoms the last week or 2. Would already be up near 50% in last few days. Was thinking about it earlier this week, but didn't have the ballz/confidence it could happen this soon. Well, missed that boat.
Oh well. it's just a very small percentage of our retirement as kind of a aggressive alternative to all cash with minimal/no interest. These mREIT's pay 8-14% dividends, so even if they don't gain much in stock "value" over time, the dividend would pay for the stock itself in 8-10 years give or take. So, I looked at it like a long term "aggressive" savings account that paid high interest. Ya, very, very risky, but if looked at long term, better than cash paying 0.05% at best. After adding up my dividends from it the last few years, and it's current value, I've just about broke even at this point. It did pay 14-16% early on before reality check stepped in and settled at around 12% dividend. So, kept those dividends in cash, instead of re-investing in the stock, like many do/did. Glad I kept those divi's in cash now.
But still wishing I had a stop loss on it, because it will take forever to get it back to where it was in Feb, if ever. Oh well, win some, lose some. Rest of IRA's are like SpaceX launch, so far, and making more in last 2 days ALONE than the entire value lost on that mREIT. And mREIT is now trying to recover.
Oh ya, ACAB, FTP, BLM, and all the other protest acronyms of the day.
Most bio-techs rocketed April/mid-May and topped out. Other oversold sectors that haven't recovered much the last 2 months are now fully on the radar. Airlines, banks, REIT's and others.
I have a mREIT that got hammered hard, and wishing I had a stop loss on back in March. I had a stop loss on one a few years back (2015), but that one "flash crash" day forced a sell I didn't want, as it recovered back the same day. So, I went back in naked without one on this batch. My bad. It's about 3% or so of retirement acct, so not too detrimental, but notable.
Seems the mREIT's are now on the move yesterday and today. But could just be day-traders moving in as prices are so low, it's like trading penny stocks when $0.20 is a 10 percent gain in a day. Now wishing I bought some at it's bottoms the last week or 2. Would already be up near 50% in last few days. Was thinking about it earlier this week, but didn't have the ballz/confidence it could happen this soon. Well, missed that boat.
Oh well. it's just a very small percentage of our retirement as kind of a aggressive alternative to all cash with minimal/no interest. These mREIT's pay 8-14% dividends, so even if they don't gain much in stock "value" over time, the dividend would pay for the stock itself in 8-10 years give or take. So, I looked at it like a long term "aggressive" savings account that paid high interest. Ya, very, very risky, but if looked at long term, better than cash paying 0.05% at best. After adding up my dividends from it the last few years, and it's current value, I've just about broke even at this point. It did pay 14-16% early on before reality check stepped in and settled at around 12% dividend. So, kept those dividends in cash, instead of re-investing in the stock, like many do/did. Glad I kept those divi's in cash now.
But still wishing I had a stop loss on it, because it will take forever to get it back to where it was in Feb, if ever. Oh well, win some, lose some. Rest of IRA's are like SpaceX launch, so far, and making more in last 2 days ALONE than the entire value lost on that mREIT. And mREIT is now trying to recover.
Oh ya, ACAB, FTP, BLM, and all the other protest acronyms of the day.
