My twice-yearly bonus got cut (understandably) but given similar thoughts on my end I'm going to put the majority of this month's excess into a low stock % sub-account.
The high stock % portion will ride it out.
The Economy (2020/21)
- Thread starter rideit
- Start date
The high stock % portion will ride it out.
I'm assuming our bonuses will be toast. I've been pulled back into the call center (same job as before) for 25% of my time, because they are getting crushed with people concerned. The group pulled in are top performers because we have the "ability" to handle the impact with our annual goals... And our firm is the only firm that grew in our market sector last year.
You haven't bought a car in at least 8 months. What you waiting for? Trickle that shit down to a lobby rep at your local tesla dealer!
8 months?! It’s been 13 months by my count.
Well overdue.
I bet that thing barely smells like progress anymore.
I bet that thing barely smells like progress anymore.
The last one bought was buying back my original Land Cruiser from my former neighbor. So it hasn’t smelled new in a really long time.
Tesla is 3 days shy of 16 months old.
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You'll have 5 years to pay it offSounds like maybe I should take out a 401k loan to pay off my mortgage then.
Big banks are cooling on Arctic oil
Morgan Stanley is the fifth major U.S. bank to toughen its energy policy recently.
grist.org
If you still think billionaires deserve to be THAT rich, take a look at this.
Absolutely disgusting how rich some people are while millions are living in poverty.
Absolutely disgusting how rich some people are while millions are living in poverty.
Wealth, shown to scale
Wealth inequality in the United States is out of control. Here we visualize the issue in a unique way.
mkorostoff.github.io
TrICkLE DOwN, BRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRIf you still think billionaires deserve to be THAT rich, take a look at this.
Absolutely disgusting how rich some people are while millions are living in poverty.
Wealth, shown to scale
Wealth inequality in the United States is out of control. Here we visualize the issue in a unique way.mkorostoff.github.io
can somebody copy/paste? that url gave my work anti virus a trip so I can't view.
Probably because its a weird format interactive thing.
Like back in the day when you needed like flash player or some shit...
Works fine on my phone tho.
How's your stock portfolio?
www.cnbc.com
US weekly jobless claims hit 3.84 million, topping 30 million over the last 6 weeks
Jobless claims for the week ended April 25 came in at the lowest level in a month but bring the rolling six-week total to 30.3 million as part of the worst employment crisis in U.S. history
Have you looked recently?
The market is acting like an imbecile.
I mean... I've heard of investors acting irrationally, but this is fucking ridiculous.
Oh, wait. https://brrr.money/
Thatsthejoke.jpgHave you looked recently?
The market is acting like an imbecile.
I mean... I've heard of investors acting irrationally, but this is fucking ridiculous.
View attachment 144439
Oh, wait. https://brrr.money/
Can I short futures 10 years out? Asking for a friend.Have you looked recently?
The market is acting like an imbecile.
I mean... I've heard of investors acting irrationally, but this is fucking ridiculous.
View attachment 144439
Oh, wait. https://brrr.money/
Apparently the Fed has admitted to buying stock. So... Yeah.Have you looked recently?
The market is acting like an imbecile.
I mean... I've heard of investors acting irrationally, but this is fucking ridiculous.
View attachment 144439
Oh, wait. https://brrr.money/
I introduced my Dad to a wonderful phrase a few weeks back and I think I broke him. He hasn't wanted to talk to me since then.
We were talking about all the companies taking money from the government instead of being allowed to just fail. Especially after they have spent the last few years buying back stock, spending their cash. When I told him there was a name for that, he said he hadn't heard of it before - Corporate Socialism: privatize the profits, publicize the losses. You could hear the glitch because there is no social benefit to that; it's straight profiteering and the govt picking winners and losers. I doubt it's changed his being a Trumper, but hopefully it opened a crack a bit more.
El sourco por favor
I'll see if I can find it again. Iirc, it was phrased as "buying positions to stabilize the markets".
The bond market is stable. The fx market is stable. Oil's a shit show, but commodities are generally stable. So you know what's not stable? Stock. How do you stabilize a volatile market? Buy broad positions (index funds) to stop down swings.
We are one of the largest holders of retirement plans in the country, and most retail wealth in the US is in retirement plans. On a total level, changes in investments make up less than 3% of total assets and of those changes, most were moving TO short-term bond and cash-equivalent investments. If you extrapolate that nationally, it's not enough money to make moves like we're seeing - there needs to be far more money driving into the broad market indexes to move the way it has.
I don’t think the Fed is buying equities. Yet. Bonds, definitely.
Their support for the MBS market is why I can get a low rate.
Their support for the MBS market is why I can get a low rate.
So, Stoney, when exactly will the inevitable, spectacular crash occur?
I wanna know when to start the popcorn.
I wanna know when to start the popcorn.
Lord knows you need it. Thankfully no unemployed scum will qualify for a cost saving government funded refinance.
Who else is going to stimulate the economy?!
Preferably folks who need stuff and not want stuff
could we confiscate the wealth of those colleges with obscene endowments in the billions....turn them into glorified junior colleges...make tuition reasonable....and spread that wealth around....
479 billion is a pittance....but its a start
The coronavirus pandemic has shown that the trickle-down theory of economic growth is a fabrication
Opinion | The belief that the wealthy will stimulate an economic recovery is false — and caused fatal mistakes in the White House's COVID-19 response.
www.businessinsider.com
@Brian HCM#1
He is too busy doing well under Republican leadership
The coronavirus pandemic has shown that the trickle-down theory of economic growth is a fabrication
Opinion | The belief that the wealthy will stimulate an economic recovery is false — and caused fatal mistakes in the White House's COVID-19 response.
@Brian HCM#1
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Petroleum industry is having a heyday too, recently. Good times in that household, I'm sure.
Here we go! Even their own numbers indicate that they know what they're doing (plus the whole FEMA body bag and refrigerator truck orders)
Models Project Sharp Rise in Deaths as States Reopen (Published 2020)
An internal Trump administration report expects about 200,000 daily cases by June. The White House bars coronavirus task force officials from testifying to Congress without approval.
Watch what happens with a cominininy of people watching someone they actually know in life get sick. Rideit and Brian will still be on about their
que esto?
Oh don’t over analyze, I am not a market timer. I just took a bunch of cash that wasn’t doing shit when the Dow was down, and got lucky. I’m out now, with no interest in continuing that game, it’s scary.Here we go! Even their own numbers indicate that they know what they're doing (plus the whole FEMA body bag and refrigerator truck orders)
Models Project Sharp Rise in Deaths as States Reopen (Published 2020)
An internal Trump administration report expects about 200,000 daily cases by June. The White House bars coronavirus task force officials from testifying to Congress without approval.www.nytimes.com
Watch what happens with a cominininy of people watching someone they actually know in life get sick. Rideit and Brian will still be on about theirgamblinginvestments I'm sure but like squeeb keeps saying, none of that is going to be relevant in a world scared to move around and function.
So did I. I invested in a KTM 150 two stroke.
Let's see who's doing better in the fall.
Gonna need an enduro bike for that shit woo. 