RE:RE:RE:RE:Energy Trendsstockmarket1 wrote: That would depend on your risk tolerance, age, rate of return expectations and amount at hand. I would suggestion 5 to 7% range would be feasible. But that is my view. However, with that said, I highly suggest you seek a financial advisor in regards to your question :)
G/L
malx1 wrote: Stalkmarket1 - what portfolio weight would a prudent investor ascribe to PEY ?
Portfolio is 100% equities.
Asking for a friend.
WCE & SM - good comments.
Yes, checked some retirement accounts I oversee; PEY now sitting at 8-15% throughout.
Account owners are mostly close to 70yrs old, with 30yrs of healthy retirement ahead of them, and can tolerate -30% declines over 12mo periods. (nobody likes negative returns when they are drawing down their holdings to fund retirement)
Similar to you guys, I'm a PEY fan; been that way for 20yrs+. And the funny thing is, it's the hedge book that helps me own this stock for medium-hi risk investors.
Just curious about the rest of you pirates here.
Whenever people say they're "loading up, backing up the truck, adding to positions" I'm interested in what it means using percentage terms. I'll double a position if its hovering near 1-2% and the time is right to be bullish on something.
That guy, Nukester, when he backs up the truck it's one of those off-highway beauties, probably stolen from a Suncor mining site. Can't keep up with him.