pitzerwm
Active member
In light of the fact that I have made plenty of mistakes in the market, I would never give stock buys here or anyplace. I will tell you what I have done that appeared to make money.
The last purchase that I made, was AAR, which is an American Airlines preferred stock. Just in case you don't know about preferred, is that they pay a fixed interest payment, monthly, quarterly, etc. On the day that it was rumored the AA was going to file BK, their stock took a hit and so did the preferred. On that day just before closing, AAR sold for 13.58, which gave you a 14.5% return and it was due to be paid 10/12, a few days. In the next 2 days after AA assured everyone that they weren't going BK, the price shot up to $18. I decided to forget about the interest and take my profit. It has now fallen back to $12.58, which is a 15.5%+ return.
When the market crashed in 07, I started converting to preferred because, I no longer want to "gamble/worry" with/about the stock price. During that time, I put together a portfolio with an average return of 12%. Once you lock in the return, it doesn't matter what the price does. (up to a point) As long as the company doesn't go BK, they will pay the interest.
Another thing that I have done is moved my IRAs and Roths to self directed 401K's. What this allows is that you can invest in whatever assets that you feel is right for you. There is a little extra tax paperwork, and there are a few restricted transactions, but IMO it still gives you the control, that you do not have at this time.
I won't give any direct answers here for obviously reasons. You can email me.
The last purchase that I made, was AAR, which is an American Airlines preferred stock. Just in case you don't know about preferred, is that they pay a fixed interest payment, monthly, quarterly, etc. On the day that it was rumored the AA was going to file BK, their stock took a hit and so did the preferred. On that day just before closing, AAR sold for 13.58, which gave you a 14.5% return and it was due to be paid 10/12, a few days. In the next 2 days after AA assured everyone that they weren't going BK, the price shot up to $18. I decided to forget about the interest and take my profit. It has now fallen back to $12.58, which is a 15.5%+ return.
When the market crashed in 07, I started converting to preferred because, I no longer want to "gamble/worry" with/about the stock price. During that time, I put together a portfolio with an average return of 12%. Once you lock in the return, it doesn't matter what the price does. (up to a point) As long as the company doesn't go BK, they will pay the interest.
Another thing that I have done is moved my IRAs and Roths to self directed 401K's. What this allows is that you can invest in whatever assets that you feel is right for you. There is a little extra tax paperwork, and there are a few restricted transactions, but IMO it still gives you the control, that you do not have at this time.
I won't give any direct answers here for obviously reasons. You can email me.
