Kolek planning to go pro
Fun times at Smuggles expense aside (and we should always have fun at his expense), don't you think the Apple Stock is overinflated? I think the market generally is overinflated and would assume a correction in the next 6 months, but I feel like Apple is running out ahead of even the overall market? Thoughts?
Fun times at Smuggles expense aside (and we should always have fun at his expense), don't you think the Apple Stock is overinflated? I think the market generally is overinflated and would assume a correction in the next 6 months, but I feel like Apple is running out ahead of even the overall market? Thoughts?I'm starting to get that dot com bust vibe, lot of companies out there with high valuations that aren't really translating it into monitization let alone profit.
If you you all invested in STZ and MCD as I told you gamicks back in September, your best friend would be your Capital Gains Advisor.
I'm not buying any more right now because it's a little higher than I'd like (I have a $145 limit order in place), but AAPL is not insanely overvalued. Its forward PE is 15, not very much more that its 5-year average PE has been. If iPhone X is a big success, the stock price will probably move higher. The tricky thing with any growth company is that it can have what looks like a kick-arse quarter ... but if it didn't kick arse quite enough, price can get hit.Here's an interesting take on AAPL's valuation on an investing site I frequent, Seeking Alpha: https://seekingalpha.com/article/4109306-realistically-make-invested-apple-todayAs for the overall market ... it's hard to argue that it isn't way overvalued. However, I have been hearing that at least as far back as 2013, when we were in Year 4 of the bull market and a crash was "imminent." It will happen eventually, it always does. And there will be people who have been predicting it monthly for 3-4 years saying, "I told you so!"I am being VERY selective with my buying and have been building up a larger cash position than normal for me. But I am still mostly invested. Disclosure: I am a very long-term investor, not a trader.
Any you guys cutting me a check? MCD up to 166 from 114 in September 2016. STZ up to 213 from 167.
I think it's right where it should be. P/E is showing that it's a fair value right now. The problem is that if the overall market tanks, AAPL will move down with it. I bought it many years ago and continue to hold it now. I don't plan on selling even if it dips.
Wouldn't you know it ... that pesky AAPL just hit ANOTHER all-time high!!!Thank goodness I followed Smuggles' expert advice and avoided it at 90! I would have hated to have experienced that 86% gain!!Eh ... no biggie. I probably woulda only used half the profits on hookers and blow (and wasted the rest).
My basis in AAPL is 1.41 a share. Hoping for some tax reform soon.
Tax reform or reshuffling chairs on the Titanic?In all seriousness, if we are going to reform and rationalize the tax code I think that makes a lot of sense. However, I don't think we can get there in the current environment. As an example, I'm all for simplification of the tax code, but as soon as they started talking about changing pre-tax/post-tax exceptions for 401(k) contributions I freaked out and was all "hey don't touch my tax break". Eventually I thought it through and I'm "ok" with the change assuming its part of a true rationalization. However, there is no way politically that you can build a rationalization plan that steers a clear path where they don't except and amend the crap out of it, and as a consequence all tax payers are going to be all worked up about "their tax breaks".Thought it was a 70-30 proposition 6 months ago, think that's flipped now.
Tax reform!! Especially the corporate rate, is going to be big. We have to bring that money offshore back to the US to put it to work here. I agree it is reshuffling for individual users, though the irony that high tax states will get hit higher because you can't deduct state taxes anymore (so sorry California, Illinois, New York), but the corporate rate means $$$$ come back here, where they should be.
Sigh..It's been shown time and time again that bringing money back, by cutting corporate tax rates, does not do much of anything. It doesn't lead to worker wage increases. It does not lead to increase in employment. It does not have any trickle down effect. Why are we still purporting this crap?Go look at Kansas for a good example of what happens when the current GOP tax plan gets put into place
I am looking for dividend growth stocks. Does anyone have any particular favorites? I am looking to redeploy cash from some holdings in my portfolio that were acquired. I like to hold for long term , many of my holding are 15-20 years old.
Don't bother with factual facts, jesmu. The Alternative Facts Crowd doesn't care for them.
PMed you.
It has? Economists are split, but based on your ideology you think it's been shown to not have an effect. Economists also differ on minimum wages and many other things. Sorry, but economics is not black and white, neither is the law. There are differing views. A number of Nobel prize winning economists think we should lower corporate tax rates to bring in trillions held offshore back to the USA. A number of Nobel prize winning economists disagree. That doesn't make your opinion a fact, as you stated.
Okay. I'll agree that economists are split. But when we've lowered corporate rates or given holidays in the past, has it increased bottom 50% wages? Or decreased unemployment? Or trickled down? Economic theory and real life results can be different Also, Kansas.
I know what you're implying here, wades, but the optimist would say that Mr. Wayne got out with a cool $1,300.I just plugged that into an inflation calculator, and it says $1,300 in 1976 would be worth $5,655.16 today.Not quite a bazillion bucks, but enough for a 2010 Hyundai Santa Fe with 75,000 miles! I'm sure Smuggles would have endorsed that.