Stock Investments

[ChicagoCavFan]

I'm sweating bullets....close on our new house Nov 30, so gotta lock in by the 21st. Broker called me on the first of Nov, as I could lock in then without having to be penalized for getting it done early. Wife and I have great credit (both over 800), so no concerns there. Rate was below 4 then....but no election yet. HRC wins, not much volatility and rate could go down. Trump wins, who knows. I decide to wait - today rates are at 4.25% - so yea, kicking myself. Each eighth of a point adds about $35 / month on the mortgage payment (doing an 80-10-10).

Dipped a bit lower yesterday - praying it goes down more by the weekend. I've been watching the 10 year bond rates as a barometer - is that the best thing to do? Broker on speed dial for damn sure...

 

[ChicagoCavFan]

http://data.cnbc.com/quotes/US10Y

 

[The Wizard of Moz]

I'm sweating bullets....close on our new house Nov 30, so gotta lock in by the 21st. Broker called me on the first of Nov, as I could lock in then without having to be penalized for getting it done early. Wife and I have great credit (both over 800), so no concerns there. Rate was below 4 then....but no election yet. HRC wins, not much volatility and rate could go down. Trump wins, who knows. I decide to wait - today rates are at 4.25% - so yea, kicking myself. Each eighth of a point adds about $35 / month on the mortgage payment (doing an 80-10-10).

Dipped a bit lower yesterday - praying it goes down more by the weekend. I've been watching the 10 year bond rates as a barometer - is that the best thing to do? Broker on speed dial for damn sure...

That's a tough spot to be in. A longer maturity treasury is usually the barometer for mortgage rates. The 10Y is a good one, but the 20 and 30 are moving in roughly the same magnitude as the 10Y so really no matter which point you monitor the yield curve is just steepening now.

I likely wouldnt have hedged the Trump win either. As far as what rates will do now... it's just so hard to tell. @Lee any input?

 

[Lee]

That's a tough spot to be in. A longer maturity treasury is usually the barometer for mortgage rates. The 10Y is a good one, but the 20 and 30 are moving in roughly the same magnitude as the 10Y so really no matter which point you monitor the yield curve is just steepening now.

I likely wouldnt have hedged the Trump win either. As far as what rates will do now... it's just so hard to tell. @Lee any input?

Should have locked, but he didnt, i always advise to lock.

Not much he can do, dont see rates going back down and he is losing a point ever other day in this market.

At this point I say move on and lock.....you have allot more to lose than win.

 

[ChicagoCavFan]

Just talked to him....literally have 3 and half business days to play with this - and it seems to have peaked (trending down a bit as of late yesterday).

I should've posted this 2 weeks ago...FML, or gave my boy Nate a ring...

Thanks for the insight....

 

[Lee]

Just talked to him....literally have 3 and half business days to play with this - and it seems to have peaked (trending down a bit as of late yesterday).

I should've posted this 2 weeks ago...FML, or gave my boy Nate a ring...

Thanks for the insight....

When is the closing?

 

[ChicagoCavFan]

When is the closing?

Nov 30th...

 

[Lee]

Nov 30th...

Not too much time, but we did just get a reprice for the better today.

You can always roll the dice if you want to for 3 more days.

 

[Notorious]

I'm sweating bullets....close on our new house Nov 30, so gotta lock in by the 21st. Broker called me on the first of Nov, as I could lock in then without having to be penalized for getting it done early. Wife and I have great credit (both over 800), so no concerns there. Rate was below 4 then....but no election yet. HRC wins, not much volatility and rate could go down. Trump wins, who knows. I decide to wait - today rates are at 4.25% - so yea, kicking myself. Each eighth of a point adds about $35 / month on the mortgage payment (doing an 80-10-10).

Dipped a bit lower yesterday - praying it goes down more by the weekend. I've been watching the 10 year bond rates as a barometer - is that the best thing to do? Broker on speed dial for damn sure...

Buy now or forever hold your regret.

 

[ChicagoCavFan]

Buy now or forever hold your regret.

That's the problem....I'm pot committed. Lost a quarter since the beginning of the month. Just give me that eighth back, and I'm done. With the sharp increase over the last 5 days, its gotta correct a little. May be that breathing room I need. That regret of not locking before the election will always be there....but hey, there are worse things in life.

 

[The Wizard of Moz]

With the sharp increase over the last 5 days, its gotta correct a little.

I don't follow the fixed income market nearly as closely as the equity market, but I have been burned BAD with this line of reasoning in the equity market before.

You've got to ask yourself: can you afford it if rates went up another .25%? It's basically gambling. And you've gotta make sure that you can pay the downside risk of that gamble.

 

[Lee]

That's the problem....I'm pot committed. Lost a quarter since the beginning of the month. Just give me that eighth back, and I'm done. With the sharp increase over the last 5 days, its gotta correct a little. May be that breathing room I need. That regret of not locking before the election will always be there....but hey, there are worse things in life.

Rates ticked a bit higher today again, no sign of it "correcting"

Moz is dead on, I have seen more people burned by your thought process than helped.

 

[dano_24_26]

I want in on the weed stocks. I've done a little research. most of what I can find is just the pharmaceutical companies. GWPH and INSY. GWPH pharmaceuticals anddid I forget the other. But how do we get into the recreational use. are they in the penny stocks or what. Any advice is always very appreciated. Thanks guys!! Nvidia killing it for me btw

 

[The Wizard of Moz]

I want in on the weed stocks. I've done a little research. most of what I can find is just the pharmaceutical companies. GWPH and INSY. GWPH pharmaceuticals anddid I forget the other. But how do we get into the recreational use. are they in the penny stocks or what. Any advice is always very appreciated. Thanks guys!! Nvidia killing it for me btw

Nvidia has my whole portfolio on its back. Just been crazy growth lately.

As far as weed stocks I'm not too knowledgeable on what TO invet in, but I'm pretty knowledgeable on what to NOT invest in.

There's currently a pretty big problem with over the counter (not exchange traded) stocks that don't really do anything posing as marijuana companies. These are mostly penny stocks that have elegant business statements about all of their plans... but don't even have an office. ESSI is one of these and it's extremely volatile but it's company is essentially worthless.

Just make sure you're careful and know that whatever you invest in is a legit company because there are a lot of scammers out there trying to capitalize on people wanting to invest in weed stocks but no clear market being established yet

 

[David.]

Buy now or forever hold your regret.

I fucking missed it