Garbage Pile Status
Hello Readers, It has been a few minutes since I have posted an update on the size and composition of the garbage pile.
Since my last post the market has undergone a lot of turmoil. Putin has invaded Ukraine and the Markets have reacted appropriately. Vladimir Putin is a pariah on the international stage and the Russian capital markets are in turmoil. The Ruble is colapsing as expected and their stock market is down over 50% since the invasion.
In the garbage pile, I have added new positions in a bunch of places. Notable new positions include both Bank of America, and JP Morgan Chase as both of their stocks suffered significant declines on the invasion of Ukraine. The garbage pile had Disney added but a significant portion of the holdings are gifts for my niece Avery who turned 6 recently and I decided that I wasn't going to buy her legitimate worthless crap, only paper that may at some point in the future prove to be worthless (but it's Disney so probably not).
The Garbage Pile is up to 33 names in the index. As many of you may have guessed at this point, this is a buy and hold portfolio. There will not be active selling in this group and declines are almost always treated as a buying opporutnity.
I like buying stocks at a discount so if there are companies that I do business with or will consider doing business with in the list of largest daily declines, I will always take a look. Recent additions to the garbage pile from this type of investment include GoodRX (GDRX). GoodRX price recently dramatically declined due to alleviation of COVID concers. Guess what, Americans are an unhealthy people, we eat like shit, we don't exercise, we, (and I use "we" loosely here) are a relatively uneducated people. When I was a poor graduate student and was on the dole for health insurance, the government health plans wouldn't cover my perscription for Cialis (boner pills), I had my physician send that to Walmart, 30 rock hard dick pills for $30. I don't care how they make money, for me it's worth every single penny!! There are a lot more additions to the garbage pile but if I had to write all night, I'd probably have to write all night and still not finish.
Since my last post the market has undergone a lot of turmoil. Putin has invaded Ukraine and the Markets have reacted appropriately. Vladimir Putin is a pariah on the international stage and the Russian capital markets are in turmoil. The Ruble is colapsing as expected and their stock market is down over 50% since the invasion.
In the garbage pile, I have added new positions in a bunch of places. Notable new positions include both Bank of America, and JP Morgan Chase as both of their stocks suffered significant declines on the invasion of Ukraine. The garbage pile had Disney added but a significant portion of the holdings are gifts for my niece Avery who turned 6 recently and I decided that I wasn't going to buy her legitimate worthless crap, only paper that may at some point in the future prove to be worthless (but it's Disney so probably not).
The Garbage Pile is up to 33 names in the index. As many of you may have guessed at this point, this is a buy and hold portfolio. There will not be active selling in this group and declines are almost always treated as a buying opporutnity.
I like buying stocks at a discount so if there are companies that I do business with or will consider doing business with in the list of largest daily declines, I will always take a look. Recent additions to the garbage pile from this type of investment include GoodRX (GDRX). GoodRX price recently dramatically declined due to alleviation of COVID concers. Guess what, Americans are an unhealthy people, we eat like shit, we don't exercise, we, (and I use "we" loosely here) are a relatively uneducated people. When I was a poor graduate student and was on the dole for health insurance, the government health plans wouldn't cover my perscription for Cialis (boner pills), I had my physician send that to Walmart, 30 rock hard dick pills for $30. I don't care how they make money, for me it's worth every single penny!! There are a lot more additions to the garbage pile but if I had to write all night, I'd probably have to write all night and still not finish.
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