Investing, Stock Market and Retirement Planning Thread

mac5155
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Investing, Stock Market and Retirement Planning Thread

Postby mac5155 » Mon Jun 06, 2022 2:47 pm

Debating on buying 1 GOOG before the split.

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Investing, Stock Market and Retirement Planning Thread

Postby NTP66 » Fri Jun 10, 2022 10:38 am

I'm debating whether or not to ease off on my brokerage purchases for the time being to see where everything is headed. Inflation went up again, and I've read articles stating that it's close to going back down to it's going to get a lot worse. While my 403b contributions won't change, I'm thinking about shifting more money into my savings account in the short term.

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Postby mikey » Fri Jun 10, 2022 10:54 am

This is a good opportunity for someone like @dodint to daytrade BTC...it will probably just go up and down between $28k and $32k in waves for a while, I suspect...

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Postby dodint » Fri Jun 10, 2022 11:42 pm

Forward looking statements from the ARK pumper. Cool.

Troy Loney
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Investing, Stock Market and Retirement Planning Thread

Postby Troy Loney » Mon Jun 13, 2022 9:49 am

Bitcoin tumbled below $24,000 late on Monday, hitting its lowest level since December 2020, as investors dump crypto amid a broader sell-off in risk assets.
https://www.cnbc.com/2022/06/13/bitcoin ... -hike.html

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Postby dodint » Mon Jun 13, 2022 9:50 am

Nice job mikey.

MrKennethTKangaroo
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Postby MrKennethTKangaroo » Mon Jun 13, 2022 9:53 am

Works well in an inflationary environment

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Postby Troy Loney » Mon Jun 13, 2022 9:59 am

Actually pretty amusing though right?

My understanding is that folks are dumping crypto because they are anticipating rate hikes. So essentially, once capital can get a return on dollar holdings, they dump crypto (because it's just a speculative asset).

So yeah, not a great inflation hedge.

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Investing, Stock Market and Retirement Planning Thread

Postby skullman80 » Mon Jun 13, 2022 9:59 am

buy the dip right? ha.

mac5155
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Investing, Stock Market and Retirement Planning Thread

Postby mac5155 » Mon Jun 13, 2022 6:49 pm

We still dipping

NTP66
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Postby NTP66 » Mon Jun 13, 2022 7:01 pm

When I dip you dip we dip

mac5155
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Postby mac5155 » Mon Jun 13, 2022 7:13 pm

I made the mistake of looking today. It's sickening how quickly everything has fallen.

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Postby NTP66 » Mon Jun 13, 2022 7:13 pm

I’m just not updating Quicken for a while. The only good thing is that my 403b investments will be cheap this week.

mac5155
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Investing, Stock Market and Retirement Planning Thread

Postby mac5155 » Mon Jun 13, 2022 7:19 pm

Debating on pulling stuff out of the brokerage and putting it into an I bond. At least that's a guaranteed 9% return for the calendar year (albeit tied up for 15 months)

mikey
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Postby mikey » Mon Jun 13, 2022 7:21 pm

We found the local bottom today in terms of SPY. Should be a real nice rebound coming...

Just bought some more BTC too, as it's on sale...

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Postby NTP66 » Mon Jun 13, 2022 7:25 pm

Mikey you idiot, are you trying to shafjinx this?

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Postby mikey » Mon Jun 13, 2022 7:29 pm

I don't have jinx ability. I'm an informed guesser... :idea:

mac5155
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Postby mac5155 » Mon Jun 13, 2022 8:33 pm

I remember when you said that at like $410 lol

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Postby NTP66 » Mon Jun 13, 2022 8:40 pm

The million dollar question is how long this bear market/recession will last. I’ve read everything from one year to we’re all going to lose 150% of our savings.

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Postby RonnieFranchise » Tue Jun 14, 2022 9:30 am

I made the mistake of looking today. It's sickening how quickly everything has fallen.
Yeah well happy **** Tuesday

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Investing, Stock Market and Retirement Planning Thread

Postby Dickie Dunn » Tue Jun 14, 2022 11:06 am

The million dollar question is how long this bear market/recession will last. I’ve read everything from one year to we’re all going to lose 150% of our savings.
Wharton dude said the recession is already priced in…

NTP66
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Postby NTP66 » Tue Jun 14, 2022 11:12 am

The million dollar question is how long this bear market/recession will last. I’ve read everything from one year to we’re all going to lose 150% of our savings.
Wharton dude said the recession is already priced in…
Dafuq does that even mean?

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Investing, Stock Market and Retirement Planning Thread

Postby Dickie Dunn » Tue Jun 14, 2022 1:31 pm

The million dollar question is how long this bear market/recession will last. I’ve read everything from one year to we’re all going to lose 150% of our savings.
Wharton dude said the recession is already priced in…
Dafuq does that even mean?
Maybe another 5% drop but otherwise everything is already as low as it should drop if a recession happens, which means excellent buying opportunities right now.

mac5155
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Investing, Stock Market and Retirement Planning Thread

Postby mac5155 » Tue Jun 14, 2022 1:53 pm

Yeah the rate hikes were already priced in too. We see how that went.

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Investing, Stock Market and Retirement Planning Thread

Postby Dickie Dunn » Tue Jun 14, 2022 2:05 pm

The compounding problem is that the rise in amateur investors means that pricing models are largely garbage at this point. Social popularly, meme stocks, panic selling, overbuying, etc. Everything is a free for all of rash, ill informed decision making. Rate increases and inflation are probably priced in with a model from 20 years ago, but everything now is nonsense so who the **** knows.

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