vtsnowedin wrote:My research right now centers on stocks that have a P/E ratio of less then 15 and a dividend payout of 3% or better. At present I have six stocks that make the cut and a couple of also rans that might move into the group during the recession.
Thats smart. Congrats to you again.
I just don't have the patience to buy good solid stocks at low PEs. I usually buy the hot tech stocks with high PEs on dips in hopes they will double or triple or more. And that worked very well for a while....at the top I was up over 500% on my whole portfolio.
I got worried and sold off some of my tech stocks about 9 months ago but my remaining tech stocks took big falls when the total market really plunged. In response for the last few months I've been buying back into top tier tech stocks like Nvidia and AMD and Snowflake at cheap prices when they sell off during some of the big market down turns. Its been a good plan, except I'm concerned that the market may plunge even more next year.
vtsnowedin wrote:My favorite today is XOM which has a P/E of 8.6 and a dividend payout of 3.45% based on Friday's close of $104.70 but I bought it when oil was cheap for $45.54 a share so my dividend is close to 8%.
Really really good buy on the Exxon. Congratulations. Smart move.
Although I usually buy tech stocks I did buy some Schlumberger a few years back when oil was in contango for ca. $10/share and sold it all about six months ago for $42/share for a 400% profit....that was great but now I don't have any oil stocks in my portfolio.
AND I've finally got the message that stocks are going even lower so now the only thing I'm buying is a short term bond fund ETF that is paying about 4.3% interest. I'm going to store my cash in the bond ETF until the recession really hits.
GOOD LUCK TO YOU!
Cheers!