Investing, Stock Market and Retirement Planning Thread

mikey
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Investing, Stock Market and Retirement Planning Thread

Postby mikey » Fri Jan 21, 2022 3:50 pm

Wait til Friday Afternoon. 446.84 or 440 at worst. Then a huge bounce back. You can buy all kinds of SPY options for 1/31, 2/11, and 2/18 after. ITM, OTM, doesn't matter...big swing coming...
Also should note while I'm busy being right and rich...this is around the local bottom for BTC ($37k), good re-entry point to ride it back up to $48 to $51k with the HFR (huge f***** rally) that's coming with the stock market...

Get out your wallets, f*ckos...everybody rides...

MrKennethTKangaroo
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Investing, Stock Market and Retirement Planning Thread

Postby MrKennethTKangaroo » Fri Jan 21, 2022 3:53 pm

what is the minimum amount of $$$ I should invest in bitcoin. i have yet to invest a single dollar but feel compelled to even if i think its silly

mikey
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Postby mikey » Fri Jan 21, 2022 3:55 pm

I mean, that's really up to your comfort level. I just threw about $10k into this entry point...

Troy Loney
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Postby Troy Loney » Fri Jan 21, 2022 4:24 pm

The only reasonable argument I've hear for "investing" in bitcoin is to be an inflation hedge. It is clearly not an inflation hedge.

That meteoric post-pandemic rise is nuts. Prices aren't really tethered to anything in equities, so bitcoin is as good a place as any, especially if you like volatility. I would just be alert to potential economic shocks, bitcoin will tank faster than other securities if there's a market shock.

mac5155
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Postby mac5155 » Fri Jan 21, 2022 4:26 pm

It's also a 24 hour market so you could wake up one day and China said something about it.

MrKennethTKangaroo
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Postby MrKennethTKangaroo » Fri Jan 21, 2022 4:35 pm

The only reasonable argument I've hear for "investing" in bitcoin is to be an inflation hedge. It is clearly not an inflation hedge.

That meteoric post-pandemic rise is nuts. Prices aren't really tethered to anything in equities, so bitcoin is as good a place as any, especially if you like volatility. I would just be alert to potential economic shocks, bitcoin will tank faster than other securities if there's a market shock.
I feel like my desire to invest in bitcoin isn't a hedge against anything except sitting around watching idiots get rich by doing nothing while I sit on my hands and think about how stupid bitcoin is.

Troy Loney
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Postby Troy Loney » Fri Jan 21, 2022 4:45 pm

That ship has sailed though right? The floor is higher, but I don’t think you can get rich buying in now. You can probably make something, but seems risky.

mikey
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Postby mikey » Fri Jan 21, 2022 4:46 pm

You could easily double your investment on BTC this year. Maybe by Q2 even...

Troy Loney
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Postby Troy Loney » Fri Jan 21, 2022 4:51 pm

Probably dependent on the overall stock market. If markets go up, it will grow at a faster pace, but it will go down faster if equities tank.

King Colby
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Postby King Colby » Fri Jan 21, 2022 5:08 pm

Mikey teach us about NFTs now

Troy Loney
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Postby Troy Loney » Fri Jan 21, 2022 5:15 pm

This is another reason I’d hesitate

https://www.gartner.com/reviews/market/ ... ternatives

Market is getting saturated

shoeshine boy
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Postby shoeshine boy » Fri Jan 21, 2022 6:19 pm

My wife and I talked about this before we bought it. Being able to just walk up to the bike and have it work was a very important feature for us. I'm getting too old to care about chasing down solutions to self-generated problems. @shoeshine boy really likes their setup and that's great, I'm not begrudging it at all. I just don't have the patience to do a more complicated setup than the stock setup.
When I ride I'm generally competing against myself; my PR for a given duration. It's integrated right there in the leaderboard and it's what drives me. You don't get that without a Peloton bike so that alone is enough for me to justify the cost.

Now, there are some huge flaws I'd love to see addressed but it's certainly easy to use.
if Peloton would drop their monthly fee to $20-$25 per month, I'd seriously consider it. it took a bit to get my Faux Peloton system setup to connect seamlessly but now it's pretty easy. I get how lots of people just want to plug 'n play too.

Dickie Dunn
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Postby Dickie Dunn » Fri Jan 21, 2022 6:23 pm

There’s another fee on top of the subscription?

dodint
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Postby dodint » Fri Jan 21, 2022 8:09 pm

There’s another fee on top of the subscription?
If you login on a Peloton you pay full member access of $40. For that price you do get to set up multiple profiles, so it does average down in our house.

mac5155
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Postby mac5155 » Fri Jan 21, 2022 9:11 pm

Yeah, echelon allows I think 5 profiles. So we split the $40 a month with my sister, who comes and uses the bike too.

NTP66
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Investing, Stock Market and Retirement Planning Thread

Postby NTP66 » Fri Jan 21, 2022 9:19 pm

$40/month for that? JFC

shoeshine boy
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Postby shoeshine boy » Sat Jan 22, 2022 9:09 pm

There’s another fee on top of the subscription?
If you login on a Peloton you pay full member access of $40. For that price you do get to set up multiple profiles, so it does average down in our house.
yeah but if you're NOT a Peloton owner, aka app user and pay through Apple you can add multiple people via Apple's Family Share and still pay only $13 per month. I think the limit might be 5. only 2 in my house.

mac5155
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Postby mac5155 » Mon Jan 24, 2022 8:38 am

Sugar were Goin down swinging

Troy Loney
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Postby Troy Loney » Mon Jan 24, 2022 10:31 am

https://www.federalreserve.gov/publicat ... 220120.pdf

Lots of GOP senators were interested in this paper during the Powell confirmation hearings, and it got released a few days after the hearing.
As noted above, for the purposes of this discussion paper, CBDC is defined as a digital liability of
the Federal Reserve that is widely available to the general public.19 Today, Federal Reserve notes
(i.e., physical currency) are the only type of central bank money available to the general public.
Like existing forms of commercial bank money and nonbank money, a CBDC would enable the general public to make digital payments. As a liability of the Federal Reserve, however, a CBDC would
not require mechanisms like deposit insurance to maintain public confidence, nor would a CBDC
depend on backing by an underlying asset pool to maintain its value. A CBDC would be the safest
digital asset available to the general public, with no associated credit or liquidity risk.
The Federal Reserve will continue to explore a wide range of design options for a CBDC. While no
decisions have been made on whether to pursue a CBDC, analysis to date suggests that a potential U.S. CBDC, if one were created, would best serve the needs of the United States by being
privacy-protected, intermediated, widely transferable, and identity-verified.
CBDC is Central Bank Digital Currency.

I still generally get confounded when trying to game out the widespread adoption and use of crypto. But I think the blurb helps a little bit. So basically, you are going to always have this global community of crypto people that hold crypto because either they are libretarians, want to transact outside the banking system, or do cross-border money transfers.

So, I think in terms of practical application, the concept of a fed digital currency would be more of a competition to traditional banks, as a means for individuals in this country to make digital transactions without having to use the current payment processing channels. I guess I would just assume the fed and the banks to determine the course for digital currencies in this country, and I don't see Bitcoin and other cryptos being anything different than what they are now.

But, would be interested in thoughts of people that see the blockchain being used for something beyond what it is now.

mac5155
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Postby mac5155 » Mon Jan 24, 2022 12:31 pm

Make it stop

Beveridge
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Postby Beveridge » Mon Jan 24, 2022 12:54 pm

It always does.

mac5155
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Postby mac5155 » Mon Jan 24, 2022 2:07 pm

if SPY finishes the day green beers are on @mikey

NTP66
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Investing, Stock Market and Retirement Planning Thread

Postby NTP66 » Mon Jan 24, 2022 2:18 pm

Will anything finish in the green today?

dodint
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Postby dodint » Mon Jan 24, 2022 2:19 pm

I was down 4% at one point so I'm okay that I'm only down 1.75%. ;)

mac5155
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Postby mac5155 » Mon Jan 24, 2022 2:19 pm

2 of my biggest holders are green atm.. $ELY and $POWW

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