The FDIC declared SIVB bank insolvent, so stockholders are zeroed out? Yowser! No wonder the everything is OK stories are just flooding out.
SVTP stock pick thread.
- Thread starter STAMPEDE3
- Start date
Fear
Kinda scary chart.
What are they referring to as “securities”? Matured?
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And protection. I’m only holding what are typically super stable big companies and they’ve gotten punched 10% over the last month.
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Yeah, the last few days have sucked.
My capital/BDC bucket got punched in the nuts, but they were most likely some of the companies buying SIVB and other distressed bank assets at fire sale prices as the bank tried to raise cash. Ironic.
FRC was down 50% and came back to down 15%. I bet some day traders stroked out today! LOL!
FRC was down 50% and came back to down 15%. I bet some day traders stroked out today! LOL!
My portfolio lost $32,000 in value last week. Both stocks and bonds took a dump. 
I was there last year manMy portfolio lost $32,000 in value last week. Both stocks and bonds took a dump.
I've got a screenshot of my IRA account balance from January 2020 and I'm down over $200,000 since then. So much for Biden's "Build Back Better" plan.
Inflation and this crappy economic market keeps chipping away at my retirement savings.
Inflation and this crappy economic market keeps chipping away at my retirement savings.
Ouch. Do you have no control over what fund your money is in @ira?
We can move ours to some lifetime blended deals, or into funds that track the DOW, S&P, or even cash.
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We can move ours to some lifetime blended deals, or into funds that track the DOW, S&P, or even cash.
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Tempted...watching. CA based, which is tough, lots of headwinds.
FRC.PH First Republic Bank DEP SHS RP PFD H
Preferred for 7%?
You are braver than me.
Pretty sure someone posted a run on that bank in the SVB shitting the bed thread.
Look at RIO and BHP. They have taken a beating in the last couple months so you could get some growth as well as a solid dividend.
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Look at RIO and BHP. They have taken a beating in the last couple months so you could get some growth as well as a solid dividend.
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It's not a cumulative dividend, so am leaning away. Although, if they decided not to pay, would be like cutting their own throat. But the possible cap gain and locking nice div would be sweet.
Well, only one risky position at a time for me. Dumped my RECAF
and picked up FRC-PM at $8.28.
My thinking is that the FDIC and Fed will move heaven and earth to keep it viable, we'll see.
We'll see how this inspiration turns out, LOL.
and picked up FRC-PM at $8.28.
My thinking is that the FDIC and Fed will move heaven and earth to keep it viable, we'll see.
We'll see how this inspiration turns out, LOL.
Please lord let the preferred ETF's start buying this thing to lock in the yield!
I might start nibbling into some of the big boy banks. I've a long time horizon.
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