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10 reasons for investing in Mutual funds........
Rank: Veteran Joined: 7/22/2011 Posts: 1,325
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Bee I hope you bought Bank of America like I told you to, I figured Buffet would get in on it at some point, it was trading at $6.27 when he got in, its now approaching $8, you gotta love Buffett. My only grime with him is he should have waited for the baby to hit $5 territory or even better to touch $3. But all the same i'm a happy camper, waiting to see what damage Irene will do on Monday, then ride this baby all the way up to $70, by God!!
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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I hope it was also noted that he bought cumulative pref.stocks and not COMMON stocks. He knows that the short to medium term perfomance of BoA might be sub-par so he took up cumulative loan stock @6% p.a. The common shareholders can deal with the nightmares as he awaits to convert from pref.to common when things are sustainably better 
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Cde Monomotapa wrote:I hope it was also noted that he bought cumulative pref.stocks and not COMMON stocks. He knows that the short to medium term perfomance of BoA might be sub-par so he took up cumulative loan stock @6% p.a. The common shareholders can deal with the nightmares as he awaits to convert from pref.to common when things are sustainably better Buffet tricks as usual 
If D. Trump didn't get a similar Buffet deal, he'll be speculating just like rest... He's never been good at stocks, time will tell...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: New-farer Joined: 8/28/2011 Posts: 14
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Hi Guys/ladies,
I found this string/site by accident- was looking property site in Kenya- there seem to be no reliable realtors with website in Kenya. I note that a few of you trade. I day trade futures and stock, sometimes I hold for more than a day and use MB traders, think or swim for now, I have used different brokers in the past.
I do alot of stock research before I buy- so Iam always very excited when someone makes picks. I am not buying banks for now until banks in Europe sort out their mess and BOA sorts out the mortgage losses from countrywide. If you are trading BOA my advise is you keep a close eye on it because it is heavily shorted and very news sensitive for now.
My picks are Exon mobil and any other stocks below -50% 52 week high with 2 times relative volume.
is there a way we can evaluate our picks every week and have some paper potfolio on this site?
thanks
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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Rwathpuro wrote:Hi Guys/ladies,
I found this string/site by accident- was looking property site in Kenya- there seem to be no reliable realtors with website in Kenya. I note that a few of you trade. I day trade futures and stock, sometimes I hold for more than a day and use MB traders, think or swim for now, I have used different brokers in the past.
I do alot of stock research before I buy- so Iam always very excited when someone makes picks. I am not buying banks for now until banks in Europe sort out their mess and BOA sorts out the mortgage losses from countrywide. If you are trading BOA my advise is you keep a close eye on it because it is heavily shorted and very news sensitive for now.
My picks are Exon mobil and any other stocks below -50% 52 week high with 2 times relative volume.
is there a way we can evaluate our picks every week and have some paper potfolio on this site?
thanks More brilliant minds are always welcome to Wazua. U'll find investors on the Investor forum and look out for a thread "investors lounge" and look out for the likes of @hisah @ceinz @QW...I bet u'll have a lot gain from each other. About property listings go to www.kcbpropertyguide.com cheers.
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Rank: New-farer Joined: 8/9/2011 Posts: 14
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QW........,
thanks for sharing the info but i dont trade even 25 or even close to that per month so it wont work for me.
Nabwire,
thanks for sharing in the spirit of Wazua and for not charging me for the valuable info you have shared. I really appreciate it. i will buy you lunch one of this days.
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Rank: Veteran Joined: 7/22/2011 Posts: 1,325
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True CDE, he bought preferred stocks at 6%, BUT and a very big BUT, he bought BoA, not Wellsfargo, not NY Mellon, not even more Citi. That says something, and I am willing to bet you that the average 401k holder or individual investor has no clue what the difference between a common stock and a preferred stock is.Plus the day he announced his buy, the stock went up 10%!! Either way, I do not see BoA going lower, AIG et al. I choose to be greedy when others are fearful, time will tell.
Donald Trump is not at all a yardstick when it comes to investing, the only thing big about his portofolio is his mouth, though I love his show.
Bee you are welcome, just know this is a game, you can make alot of money, or you can lose alot. Small print, dont come crying to me if you lose, but you can buy me the lunch if you make alot!! No pain, no gains.
Rwapudho, I like your idea, do you wanna go ahead and share your portofolio first?? We can track these investments and see where the money really is.
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Rank: Veteran Joined: 7/22/2011 Posts: 1,325
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Im surprised no one has posted about the perfect storm that is coming. The big banks including Bank of America are about to be sued by the Feds either today or Tuesday http://www.nytimes.com/2...l?_r=1&ref=business
I expect BoA to tumble like there is no tomorrow, but im very bullish and will sail through. Bee dont sell, better yet dont check the market for like a month.....there will be blood!!!
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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Cde Monomotapa wrote:I hope it was also noted that he (Warren Buffet) bought cumulative pref.stocks and not COMMON stocks. He knows that the short to medium term perfomance of BoA might be sub-par so he took up cumulative loan stock @6% p.a. The common shareholders can deal with the nightmares as he awaits to convert from pref.to common when things are sustainably better
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Rank: Veteran Joined: 7/22/2011 Posts: 1,325
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Lets see who will have the last laugh, I am very greedy when you are fearful, keep laughing
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