How's that retirement penson going?

[Heeb]

I said in a previous post that I had no desire to trade stocks again but this lockdown has me bored so I opened an etrade brokerage account and made a nice little 25% bump on an oil ETF after some news about some politician cutting a deal with the Saudis, total bullocks of course but it did move it and I'm now out, even if  production slows there's still lower demand IMO, I I didn't invest a lot, just 5k. By the way, if you try to open an etrade brokerage account online from here it will look like the transaction was successful and give you a reference number but in fact it doesn't work, they flagged me as an overseas account even though i already have a savings and ROTH account with them, you must call them.

[jimeve]

Logged on to the UK Gov New state pension and we are to receive a 3.9 rise in our pension. Due this April. 

[Jack Peterson]

15 minutes ago, jimeve said:

Logged on to the UK Gov New state pension and we are to receive a 3.9 rise in our pension. Due this April. 

 Yes got my letter just before the Lockdown, Starts from the 9th April 

[Clermont]

Just got our $750 each added to our bank account + our 6 monthly CPI increase in our pensions, still waiting on our second $750 Corona Virus supplement payment. Plane ticket money in the pocket for when this virus runs its coarse. 

[hk blues]

5 hours ago, jimeve said:

Logged on to the UK Gov New state pension and we are to receive a 3.9 rise in our pension. Due this April. 

Another reason to be grateful for choosing here to live - the ongoing increases to pensions.

 

[OnMyWay]

7 hours ago, jimeve said:

Logged on to the UK Gov New state pension and we are to receive a 3.9 rise in our pension. Due this April. 

Was that your annual cost of living increase or a special one, due to the virus?  Either way, 3.9 is huge!

[Jack Peterson]

10 minutes ago, OnMyWay said:

Was that your annual cost of living increase or a special one, due to the virus?  Either way, 3.9 is huge!

 The Yearly increase is part of the Agreement we have with the PI on Social Security, it is Bigger than normal ( around 2.5%) because of Brexit as was promised because of the reduction in EU payments. For Once the UK Government have kept their word. 

[OnMyWay]

18 hours ago, Heeb said:

I said in a previous post that I had no desire to trade stocks again but this lockdown has me bored so I opened an etrade brokerage account and made a nice little 25% bump on an oil ETF after some news about some politician cutting a deal with the Saudis, total bullocks of course but it did move it and I'm now out, even if  production slows there's still lower demand IMO, I I didn't invest a lot, just 5k. By the way, if you try to open an etrade brokerage account online from here it will look like the transaction was successful and give you a reference number but in fact it doesn't work, they flagged me as an overseas account even though i already have a savings and ROTH account with them, you must call them.

I am down many thousands on my regular holdings but I am not selling any of them.  I just hope they don't cut their dividends.

Oil is tempting but I will never touch it again.  I am still holding worthless shares in an oil company that was a hot investment 5 years ago, but followed it all the way down!  There is still some kind of class action lawsuit about it that I have not heard anything about recently.

I mentioned in earlier about a day trade I was making.  I did two day trades on it and made some nice money.  Then I got caught literally asleep at the wheel when it turned on me one night.  So now I am keeping it long term and added another 500 shares.  It is a utilities fund with a great long term history.

So now I found another one to have fun with.  It is SDS, a 2X leveraged S&P 500 inverse ETF.  It moves opposite of the S&P 500 index.  So if the S&P 500 goes down 1%, this will go up 2%.  If S&P 500 goes up 1%, this will go down 2%.

With these wild swings in the market, I buy it on days (or the night before) when I think the market will go down a lot.  Then I put a trailing stop loss on it so if I am wrong, the most I will lose is a few hundred.  If it goes up, the trailing stop loss moves up so that some profit will be protected.  If the market moves down for a few days, I keep making money.  If the market turns positive, the trailing stop kicks in and it sells.  So I don't have to stay up all night watching it.

Not for the faint of heart, but a bit like going to the casino to have some fun!

Disclaimer:  I am the farthest thing from an investment adviser you will ever find!  Don't listen to anything I say!

[stevewool]

39 minutes ago, OnMyWay said:

I am down many thousands on my regular holdings

Not for the faint of heart, but a bit like going to the casino to have some fun!

Disclaimer:  I am the farthest thing from an investment adviser you will ever find!  Don't listen to anything I say!

I am down but it was not as bad as I thought it could be, I have only been to a casino once and won just a few dollars then left .

So far my investments should do what we have planned for our future I hope but I have a back up plan for just in case .

[Heeb]

1 hour ago, OnMyWay said:

I am down many thousands on my regular holdings but I am not selling any of them.  I just hope they don't cut their dividends.

Oil is tempting but I will never touch it again.  I am still holding worthless shares in an oil company that was a hot investment 5 years ago, but followed it all the way down!  There is still some kind of class action lawsuit about it that I have not heard anything about recently.

I mentioned in earlier about a day trade I was making.  I did two day trades on it and made some nice money.  Then I got caught literally asleep at the wheel when it turned on me one night.  So now I am keeping it long term and added another 500 shares.  It is a utilities fund with a great long term history.

So now I found another one to have fun with.  It is SDS, a 2X leveraged S&P 500 inverse ETF.  It moves opposite of the S&P 500 index.  So if the S&P 500 goes down 1%, this will go up 2%.  If S&P 500 goes up 1%, this will go down 2%.

With these wild swings in the market, I buy it on days (or the night before) when I think the market will go down a lot.  Then I put a trailing stop loss on it so if I am wrong, the most I will lose is a few hundred.  If it goes up, the trailing stop loss moves up so that some profit will be protected.  If the market moves down for a few days, I keep making money.  If the market turns positive, the trailing stop kicks in and it sells.  So I don't have to stay up all night watching it.

Not for the faint of heart, but a bit like going to the casino to have some fun!

Disclaimer:  I am the farthest thing from an investment adviser you will ever find!  Don't listen to anything I say!

That's the way I look at it, I'm not betting the farm, I will wait and see what happens with Monday's big oil meeting, I suspect if it doesn't go well maybe we will see something happen down in Venezuela to disrupt things, there's no way that the powers that be will allow the price of crude to stay so low, even if the common man is enjoying the prices at the pump.  I wanted to start playing online poker again, I had a lot of fun back in the day until they were all chased out of the U.S. market, the problem is buying in is near impossible with a U.S. debit card now, i guess they get to tell you where to spend your own money. I might go over to BDO and get a prepaid card and see if that will work.