Next week we pass 135!
13 replies (most recent on top)
3hro "your approach puts all the eggs in one Chevron basket", Not sure how you derived this hogwash from the post of the previous most likely well diversified, financially independent poster. He/she made no reference to his/her asset allocation, which equities they held the most of, or if he was even primarily in the market and not real estate, commodities. etc.
If he is anything like me, his shares of CVX amount to less than 3% of his equity portion alone and that does not include bonds, real estate, rental property, cash, cash-like vehicles, commodities and other investments. Also, as a dividend stock, CVX is not a sell. It's a keeper. But keep playing the fool and making ridiculous assumptions, ignorant assessments, embarrassing yourself, and giving people ill-founded advice, since you obviously think you know more than those who have already won the game and do not have to work every day. Do keep spouting your "sell" sell" and everything else mindless babble. It's entertaining! The ACT IV Deluxe Theater Buttered is in the microwave - LOL!
Read this short analytical take on where CVX stock is heading. Decide if to hang on to it or take your gains and exit. https://finance.yahoo.com/news/recent-rally-chevron-corporation-running-161803477.html
2yky - It’s all relative. A paltry 4% may work for most risk averse investors, typically already retired or near retirement. Even when the markets may not see the 15 to 20% Investment returns of last year or the last 7 years, one should easily make 6 to 8% in 2018 playing the broad market indexes. Your approach puts all the eggs in one Chevron basket. A diversified investment in index funds, especially the US broad stock market, has always proven to be a much better, less volatile, less risky investment for many.
@1jye it's all relative, I'd gladly take a low risk 4% return in a 0% interest rate environment... works for me, may not work for you, but it does work for many...
CVX is a dividend aristocrat. It's not a "growth" stock that you typically trade after a run up. Those who hold CVX and the ETFs and funds which include it do so for the dividend it generates, for the most part.
Do your day trading, gambling, etc with other equities and in Vegas. Move along kiddies. Nothing to see here.
Sell or greatly lower your exposure to CVX before you regret it. Greed has burned many just holding out for one dollar more.
2hvg, Yes and that is fortunate, since based on your comments below, a market genius you are not! - Watch your back for the pink slip, though. LMAO!
Stock price and layoffs are linked. Doesn’t take a market genius to know that.
Wow, some regular market geniuses on this site, lol. Any news on layoffs or is this the wrong site?
-1jye has a point. The adjusted close stock price for July 24 2014 subtracting dividend yield would be $115.55 as of yesterday’s date. That results in a gain of $19.30 per share since July 24 2014 or roughly $4.83 per year for 4 years. Not the best investment at all. The broad market alone did better in that period.
CVX stock hit its peak closing stock price on July 24, 2014 at $134.85. That’s almost 4 years ago. If you bought and held CVX for that long a time and weathered ups and downs (as far down as $71), aside from the dividends of 3.5 to 4.5% you got, what exactly did you gain? Sorry but CVX hasn’t been a good investment for a long time. Sell now and diversify wisely is my advise.
Stocks typically rise long term, with inflation if nothing else, and hit All New Highs several times per year for decades.
Yes, get ready to sell it.