Stock tip of the day- Target Stores could be a buy and hold

[69hurstolds]

Heads up on a useless stock tip-

When the market opens, Target shares will be off by what appears to be about 8% (13 bucks or so). Where it goes from there, who knows. Probably down some more.

Yesterday, Target stores decided to dump some inventory and make room for more items that people are actually buying instead of all the stuff they normally sell. Thus, they're going to run some sales (yay!) and make room for back to school stuff and more grocery items, etc. They want to get out in front of things unlike WalMart and others. Overall, retail is going to suffer, but this could make them stronger by the end of the year. That's the expectation, and if they're right, they'll grow. The marketing sales plan is going to shift to what people want instead of what they can just put on the shelves. Imagine that.

So if you're a Target shopper, that's good news, if you're a potential Target stock owner, that's good news (they also pay dividends), but if you planned on selling any Target stock you owned soon....ahhhh, you might better wait.

Me? I think I'm going to see if I can see somewhat of a bottom and then buy around there, and hold. Rememeber, it's a long-term thing. Target ain't no Game Stop. A little dollar cost averaging consideration.

Do what you want, but that's where I'm going, at least for a while. If I didn't already own bucket full of Target stock, which has been good to me financially, I'd probably snag some up anyway on the dip.

*disclaimer*- don't listen to me. And don't invest anything because I said so. This is just something to consider in case you weren't aware. I'm not Warren Buffet. Although I do like buffet style dinners. 🙂

 

[Tony1968]

Opened 10% lower. On sale but I never try to catch a falling knife 🔪

 

[69hurstolds]

Yeah, but it's up from that now. Seems like several people got the same idea I had. I got in at -$10.10, and as of now I made almost $7/share. Winning. For now. 🙂

Like I said, it could crash hard or it can sail. Depends on how investors read into their plans. Remember, the stock market is always about the future. I think by fall it will turn out to be a good idea. We'll see. I'll try to remember to come back to this thread and report on the "prediction".

Again, don't invest anything because I do. If I knew how to do it right, I'd be living a much better life than I am now, but I have my little bucket of play money so that's what I'm going to do. I still don't have a big enough sack to start playing the short-sell game. I did that ONE time, and made $1.40/share. Which was cool, but I stopped while I was ahead. I was nervous AF until the settlement.

 

[Tony1968]

My whole working life i invested my money myself. I did ok. Last 5 years I handed responsibility to a fiduciary investment company. Less stress on my end and they are experts. Wish I'd have done it sooner. Owned Target in past.

 

[Built6spdMCSS]

Whole stock market is a ponzi scheme. I can't do it knowing what it is. I put money in my ROTH IRA.

Market is so damn unstable right now but that's all planned.

 

[86LK]

*disclaimer*- don't listen to me. And don't invest anything because I said so. This is just something to consider in case you weren't aware. I'm not Warren Buffet. Although I do like buffet style dinners. 🙂

what about Jimmy Buffett?

 

[69hurstolds]

what about Jimmy Buffett?

Warren does the whole buffet. Jimmy just does cheezburgers...in Paradise. Medium-rare (with mustard'd be nice). Kinda like Heaven on earth, you know. Oh, and with an onion slice. 🙂

 

[ssn696]

For younger Forum members, Built6SpdMCSS offers good advice. Early in your working life, when your salary and tax bracket are both low, get a Roth IRA or choose the Roth option if your 401k has that option. Stuff it with those after tax dollars as you can. Consider low-cost index funds. Pour it in and don't watch the markets. The dollars with the longest time served multiply the most over time even if you have few to commit right now. You may have more to commit later, but they'll have less time to multiply. And you'll never pay taxes on Roth net capital gains. Plus, your Roth IRA can be willed to your kids, again tax free. Do your own investment research, but Roths are a good option early on. When you retire, and need to make a large purchase, you can use some of those long-cooking tax-immune assets to buy what you need without bumping up your taxable income, so you give less of your principal to Uncle Sam.

 

[ck80]

For younger Forum members, Built6SpdMCSS offers good advice. Early in your working life, when your salary and tax bracket are both low, get a Roth IRA or choose the Roth option if your 401k has that option. Stuff it with those after tax dollars as you can. Consider low-cost index funds. Pour it in and don't watch the markets. The dollars with the longest time served multiply the most over time even if you have few to commit right now. You may have more to commit later, but they'll have less time to multiply. And you'll never pay taxes on Roth net capital gains. Plus, your Roth IRA can be willed to your kids, again tax free. Do your own investment research, but Roths are a good option early on. When you retire, and need to make a large purchase, you can use some of those long-cooking tax-immune assets to buy what you need without bumping up your taxable income, so you give less of your principal to Uncle Sam.

The one thing I'll add to that though, is, be prepared for things to change too. There's a wing of congress that is against having the Roth keep working the way it has thus far....

 

[ssn696]

Ride the ride while you can. It ain't over until Congress rewrites the law.