So I....

[Pooh]

finally hit a new high for net worth today. Granted I have to write uncle Sam a six figure check by the end of the summer to pay for the refinery stocks I sold last year leaving 600k on the table for selling out early.

Current positions:

SPG - 3700 shares
MMP - 2300
MPLX 4000
IEP - 3900
EPD - 4600
VFC - 6100
MO - 2500
BTI - 3400
GPN - 1200
WYNN - 1002
PYPL - 1500
LVS - 1000

Some other positions not worth mentioning as they are under 50k. My flyers are UNIT 10k shares and ENVX 2k.

44% cash looking for a home. My opinion is we don't go from 0-5% FF in a year and not have something massive break. Getting almost 5% on the cash so I'm fine with it sitting in the bleacher seats.

Any thoughts on what I should put on my watchlist? Want CMCSA around ten bucks lower. Would add to some of what I own if the price was right. My MLPs and Tobacco are hold forever type investments not really looking to add. All dividends are reinvested.

[Sanlmar]

So now that you have a stake you think you will rebuild?

[country978]

You don't have anymore PDI?

[sonatine]

i really no longer do stocks any more personally but i do see a lot of people talking their book in my feeds and lately im seeing a lot of rebalancing away from casinos and towards banks.

thoughts?

[dwai]

i really no longer do stocks any more personally but i do see a lot of people talking their book in my feeds and lately im seeing a lot of rebalancing away from casinos and towards banks.

thoughts?

translation: you went broke

[Entropy]

Nice job, not job you know what I mean.

[Pooh]

i really no longer do stocks any more personally but i do see a lot of people talking their book in my feeds and lately im seeing a lot of rebalancing away from casinos and towards banks.

thoughts?

Something is going to blow soon with rates this high imo. I can't touch banks until the shit hits the fan. I bought some LNC today and even that stock scares me a little. Remember back in the GFC Bear Stearns collapsed in March. Then everything was fine and the market did well during the Summer until Lehman blew up in September and the market dropped like 50% next 6 months. I'm not saying same thing will happen but the 3 bank failures happened around the same time this year. I'm expecting something to happen this Fall. Probably completely wrong but you don't go from 0-5% and not expect something major to blow up.

[sonatine]

i really no longer do stocks any more personally but i do see a lot of people talking their book in my feeds and lately im seeing a lot of rebalancing away from casinos and towards banks.

thoughts?

Something is going to blow soon with rates this high imo. I can't touch banks until the shit hits the fan. I bought some LNC today and even that stock scares me a little. Remember back in the GFC Bear Stearns collapsed in March. Then everything was fine and the market did well during the Summer until Lehman blew up in September and the market dropped like 50% next 6 months. I'm not saying same thing will happen but the 3 bank failures happened around the same time this year. I'm expecting something to happen this Fall. Probably completely wrong but you don't go from 0-5% and not expect something major to blow up.

bull thesis:

Embedded Tweet

https://twitter.com/therobotjames/status/1679252552926511106

[Pooh]

You don't have anymore PDI?

I sold my PDI last month. Had almost 40k shares. The UNII report was getting uglier and with rates at 5% and still rising was afraid they were going to cut and I'd lose my shirt. Not that it was a great investment while I owned it. Sure I made a few hundred K in dividends but they are fully taxable. Nice capital loss I booked for to offset future gains hopefully. $26k special dividend in December was nice. I'll miss PDI.