I’m too old for new instincts. 
You can’t teach an old dog new tricks?
You should (re-?) read some Charles Bukowski … 
…
Notes of a Dirty Old Man is the book you’re looking for.
I’ve blurred it in the hope that I won’t get reported and that the kids today won’t ban me from the forum …
If that does not work out, it was nice meeting y’all …
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For my momentum strategy I bought me some Oil States today. The good old Donegal had to leave with a loss of 2.38%, live is hard. You don’t perform, you have to leave, sorry!
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Dividend Strategy: Caterpillar paid a nice market dividend yesterday. Came in handy because I did take out some spending money earlier. Still a bit of debt left, but almost nothing.
Go CAT, go!
Addendum: the carry premium is now at 10.55% this year. (dividends + market dividends - tax - debt interest) / value. That is cash flow baby! I don’t spend that much, the rest is re-invested.
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And the stock market October has finished, here my report.
Momentum Strategy:
Unfortunately could not hold the 28% XIRR. Holdings:
Positions:
Margin multiplier: 129%
Performance: YTD 20.69%, XIRR since 2020 27.47%
And my dividend strategy:
Portfolio: Finviz
Dividends: KMB,MRK,MO,HST,ONL,O and CSCO
Market dividend: CAT
Carry premium: 10.57%
Margin multiplier: 100.74%
Performance YTD: 15.02%, XIRR since 2014: 10.82%, since 2020: 13.6%
Positions:
Sectors:
Dividends:
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And the journey to oil continues. For my momentum strategy I bought me some Nabors Industries (NBR) today. Every analyst says there will be overproduction next year and prices will fall. But my captain makes me buy more oil stocks. Maybe the situation is already priced in.
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Are you buying oil explorers, integrated or service companies?
Probably all of the above. Whatever has to be done…
Has been a long time that I did go that high on a sector, last time it was housing I think. I don’t do sector diversification in the momentum strategy.
At the moment I hold CVI (+57%), OIS (-8%), PBF (+19%), NBR(new) and VIST(+942%) in the momentum strategy. Two refiners, two explorers and one service company. From experience I think there will be more. No risk, no fun.
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And on it goes with my momentum strategy. Are Oil stocks the next railways?
Had to sell Seneca foods way too early for my taste. A little gain of almost 20% in 8 months helps a little for the departing pain.
And all that just to buy yet another oil stock: Borr Drilling. I know Captain, you like those, but are those not really just doomed? OK, I do what you tell me like always.
(even in Brazil)
This is the first time in my life I experience a live testimony of someone having sold their soul for wealth.
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To myself, as I made the rules when my brain was a little younger than now. I am the sole and only owner of my soul and I am sorry for making that much money without the f..n devil.
But then I think I lost my iron shirt…
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