Carnival & Royal Stocks to our IRA's...

[NavyCruiser]

Time to contribute to our IRA's this year.

With Carnival Stock down from $71 in Jan 2018 to below $22 today, down almost 70%

& RCL stock down from $133 just in Dec 2019 to below $49 today, down 63%

Think that might be a good time to buy approx 120 shares of RCL stock ($6000), with some cash left over, for my IRA account

& 260 shares of CCL stock for my wife IRA account

Of course it can go lower, but getting 60 - 70% off now, & holding long term (10+ years) might be a good strategy...?

 

[Oceansaway17]

1 hour ago, NavyCruiser said:

Time to contribute to our IRA's this year.

With Carnival Stock down from $71 in Jan 2018 to below $22 today, down almost 70%

& RCL stock down from $133 just in Dec 2019 to below $49 today, down 63%

Think that might be a good time to buy approx 120 shares of RCL stock ($6000), with some cash left over, for my IRA account

& 260 shares of CCL stock for my wife IRA account

Of course it can go lower, but getting 60 - 70% off now, & holding long term (10+ years) might be a good strategy...?

 

Be conservative and watch MSNBC for continuing advice.

 

 

[ONECRUISER]

15 minutes ago, Oceansaway17 said:

Be conservative and watch MSNBC for continuing advice.

 

 

okay....

[taglovestocruise]

1 hour ago, NavyCruiser said:

Time to contribute to our IRA's this year.

With Carnival Stock down from $71 in Jan 2018 to below $22 today, down almost 70%

& RCL stock down from $133 just in Dec 2019 to below $49 today, down 63%

Think that might be a good time to buy approx 120 shares of RCL stock ($6000), with some cash left over, for my IRA account

& 260 shares of CCL stock for my wife IRA account

Of course it can go lower, but getting 60 - 70% off now, & holding long term (10+ years) might be a good strategy...?

 

Bingo.... When others panic it is time to load up.  Hard to pick a bottom but 70% off is a clearance item.  

[DaKahuna]

I just look and it appears that trading has been suspended in both of those stocks. 

 

[Baron Barracuda]

Stocks are still trading.  RCL currently $48.86, CCL $21.69

1.  IMO the best kind of IRA is a Roth as gains are tax free forever.

2.  Given the current situation can't count on those dividends being safe.  Both companies have lots of debt to service.

3.  If you're wrong you can't write off losses in an IRA.

Edited March 9, 2020 by Baron Barracuda

[sunbrookgal]

Not yet time to jump back in. Not yet.

 

[Boatsie]

Oh hell no!

Do you realize that if this thing drags out and with no new revenue coming in for maintenance of those huge ships & idle staff payroll, those companies will first cut dividends (driving the stock price down further).  The next step is to file for bankruptcy protection...meaning the current stocks will be flushed (and become worthless) and their liabilities be be erased (think “FCC” gone).  

 

There’s bargains galore in the midst of this bloodbath...Apple, Disney, Home Depot, Amazon...better yet...S&P 500 ETF.

[NavyCruiser]

44 minutes ago, Baron Barracuda said:

 

1.  IMO the best kind of IRA is a Roth as gains are tax free forever.

 

 

The crooked Politicians wants you to pay taxes now & believe that Roth-IRAs be "tax free forever"

But as our Federal debt keeps piling up, future Socialist/Communist Politicians will get rid of that "tax-free" feature for us "rich" people who can afford to go on luxurious 3-day cruises to nowhere.

I'd rather take my tax deduction now...

[epanchenko]

I will buy RCL, but I am waiting...I fear the government might shut them down in US ports if they have to keep quarantining ships, eventually they will say enough.

[epanchenko]

6 minutes ago, NavyCruiser said:

 

The crooked Politicians wants you to pay taxes now & believe that Roth-IRAs be "tax free forever"

But as our Federal debt keeps piling up, future Socialist/Communist Politicians will get rid of that "tax-free" feature for us "rich" people who can afford to go on luxurious 3-day cruises to nowhere.

I'd rather take my tax deduction now...

I fear you are correct...

[LMaxwell]

2 hours ago, NavyCruiser said:

Time to contribute to our IRA's this year.

With Carnival Stock down from $71 in Jan 2018 to below $22 today, down almost 70%

& RCL stock down from $133 just in Dec 2019 to below $49 today, down 63%

Think that might be a good time to buy approx 120 shares of RCL stock ($6000), with some cash left over, for my IRA account

& 260 shares of CCL stock for my wife IRA account

Of course it can go lower, but getting 60 - 70% off now, & holding long term (10+ years) might be a good strategy...?

 

 

Identical posts a week ago when it fell below 80. 

I wouldn't touch at today's prices.  Your call, it's your money. 

[Tummy]

I've been watching. During the 2008 crash, RCL went from $53 to $6.  I'm targeting $15-$20 for RCL if things drag out, but will probably start DCA soon.

 

NCL has the worst balance sheet of the three.  I predict bankruptcy.

[LMaxwell]

4 minutes ago, Tummy said:

NCL has the worst balance sheet of the three.  I predict bankruptcy.

 

NCL was forced to take out loans today for close to $700M for general operating capital

 

https://www.seatrade-cruise.com/news/nclh-secures-additional-675m-liquidity-amid-coronavirus-uncertainty  

[dasmonkey]

6 minutes ago, Tummy said:

I've been watching. During the 2008 crash, RCL went from $53 to $6.  I'm targeting $15-$20 for RCL if things drag out, but will probably start DCA soon.

 

NCL has the worst balance sheet of the three.  I predict bankruptcy.

 

Eek!  I had no idea it was THAT bad,

https://www.marketwatch.com/investing/stock/nclh/financials/balance-sheet

The short version is they have apx $250 million in cash and they have over 10 billion in debt.

[AZDivers]

3 hours ago, Oceansaway17 said:

Be conservative and watch MSNBC for continuing advice.

 

 

 MSNBC and advice is an oxymoron.

 

I think you meant to say CNBC, which is a financial channel.

 

MSNBC is pundits peddling nonsense.

[NavyCruiser]

MSNBC?

CNBC?

Might get better financial advice from the Cartoon Network.

 

We already have 100% of our portfolio in diversified US & International funds, including S&P 500 (which is only down 19%).

So this is our first dip into individual stocks that includes our 2 fav companies that we have 30+ cruises on already, & probably more into the future, at a 60 - 70% discount.  

Just wondering where the bottom most is, or just make  the jump now....

[LMaxwell]

6 minutes ago, NavyCruiser said:

 

Just wondering where the bottom most is, or just make  the jump now....

 

Too soon to tell; depends if there is a moratorium on cruises operating from US or not, at this point, I feel. 

[DaKahuna]

I put a market order in with my broker last night.  Might as well start at this point and keep buying as it goes down! 

 

[cruisinfanatic]

54 minutes ago, DaKahuna said:

I put a market order in with my broker last night.  Might as well start at this point and keep buying as it goes down! 

 

A market order? I hope you didn't really mean a market order where you could pay anything

[DaKahuna]

Yes, I placed a market order.  So when the market opens, my broker will buy the number of shares I specified at whatever the price is at that time. 

 

[cruisinfanatic]

4 minutes ago, DaKahuna said:

Yes, I placed a market order.  So when the market opens, my broker will buy the number of shares I specified at whatever the price is at that time. 

 

The price at the time could be anything. Are you willing to pay anything?

RCL closed at $48.27 and is set to open at this time at $52.21. That could go to $56 for all anyone knows and then half hr later be back to $48. Do you really want to pay $56 for a $48 stock? Market orders are not the way to buy stock first thing in the day

Edited March 10, 2020 by cruisinfanatic

[DaKahuna]

17 minutes ago, cruisinfanatic said:

The price at the time could be anything. Are you willing to pay anything?

RCL closed at $48.27 and is set to open at this time at $52.21. That could go to $56 for all anyone knows and then half hr later be back to $48. Do you really want to pay $56 for a $48 stock? Market orders are not the way to buy stock first thing in the day

 I am familiar with the way market order work and yes, I am willing to pay $56.00 for it.  As for opening at $56 and dropping to $48, that might just present another buying opportunity. 

 

If this is a wrong decision, it would not be the first time i have been wrong and possible not the last. 

 

[20165]

16 hours ago, Boatsie said:

Oh hell no!

Do you realize that if this thing drags out and with no new revenue coming in for maintenance of those huge ships & idle staff payroll, those companies will first cut dividends (driving the stock price down further).  The next step is to file for bankruptcy protection...meaning the current stocks will be flushed (and become worthless) and their liabilities be be erased (think “FCC” gone).  

 

There’s bargains galore in the midst of this bloodbath...Apple, Disney, Home Depot, Amazon...better yet...S&P 500 ETF.

Bankruptcy is also my concern, although i think we have a ways to go before we get close to that...  I got burned before with AA stock before they declared bankruptcy.  But RCL is tempting at this low level.  Hard decision.

 

[NavyCruiser]

17 hours ago, LMaxwell said:

 

Identical posts a week ago when it fell below 80. 

 

 

Yes,  

Last week was RC's 30% off fake sale

Yesterday was RC's 60% off fake sale

Today, dropped another 2 points to $46...  Gettin' pretty tempting

Anyone waiting for the real sale at 90% off...?

 

Carnival may be bottoming out & bounced up 50 cents, or up 2%, this morning

Edited March 10, 2020 by NavyCruiser