Stock market woes - have you checked your portfolio lately?
- Thread starter DevilDancer
- Start date
m00m00m00
ಠ_ಠ
- Jun 14, 2001
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To add onto my previous reply to this post, I'm guessing it's also because wages throughout Texas are lower, tied for the worst state minimum wage, 7.25.
So the one area where youre supposed to "gain" some ground on other states is minimized. Not getting much mileage out of that 4 percent you might be saving if you're only making minimum.
I guess since the overall cost of living is still lower the state knows they can get away with taxing higher. They've had a large warchest in their rainy day fund and general fund
Texas Rainy Day Fund projected to hit cap for first time in state history
(The Center Square) – Texas’ Economic Stabilization Fund, also known as its Rainy Day Fund, is projected to surpass $27 billion by fiscal 2025 for the first time in Texas
www.thecentersquare.com
Texas lawmakers will have $188.2 billion available for the next budget after record-breaking revenue growth
It’s far more money than legislators have ever had at their disposal, with an increase in available funds that dwarfs any previous jumps between cycles. It’s also more money than lawmakers can constitutionally spend.
www.texastribune.org
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supersaiyenl4goku
Tyresian
- Nov 9, 2002
- 4,744
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Yes, this is what I meant. This seems to be the best and most flexible option. It doesn’t gain the most, but I don’t know if any other account like that.
Vanguard has one on invite only but I don’t think it works the same with that option to auto draw the “investment”.
DevilDancer
Not the boss
Interesting about Vanguard customer service. I've never needed it, but I have almost all of my non-retirement money with them, so I might eventually.
m00m00m00
ಠ_ಠ
- Jun 14, 2001
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Basically if you have to call them you'll be on the phone for hours with several transfers and disconnections instead of 5 minutes with Fidelity
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supersaiyenl4goku
Tyresian
- Nov 9, 2002
- 4,744
- 365
I didn’t experience any disconnections but I had to call them about a Roth IRA recharacterization and conversion and I was on hold for something like 3-4 hours. It was the winter and I had my headset on and shoveled my whole driveway while on hold and didn’t get anyone for plenty of time after that.
And the people couldn’t give me accurate information either.
And the people couldn’t give me accurate information either.
PoorPigg
Curly-tailed
Global Wealth Report from UBS and Credit Suisse source indicates a possible 38% increase in world wealth across the next five years. The form and distribution of that wealth is of particular use if you plan on receiving any portion of that increase. That increase is projected despite some considerable losses this past year.
PoorPigg
Curly-tailed
PoorPigg
Curly-tailed
BRICS analyzed
"The acronym BRICS was coined by British economist Jim O’Neill to emphasize emerging investment opportunities rather than geopolitical goals. The establishment in 2014, which later included South Africa, was primarily focused on economic engagement. The subsequent additions, while hinting at greater ambitions, may be diverting the bloc’s focus away from its initial purpose." Florence Muchai
"The acronym BRICS was coined by British economist Jim O’Neill to emphasize emerging investment opportunities rather than geopolitical goals. The establishment in 2014, which later included South Africa, was primarily focused on economic engagement. The subsequent additions, while hinting at greater ambitions, may be diverting the bloc’s focus away from its initial purpose." Florence Muchai
m00m00m00
ಠ_ಠ
- Jun 14, 2001
- 82,536
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If only I had left my paltry amount money in nvda in Oct 20, at the time I was like ok they're making graphics card for crypto and ai stuff for tsla that's cool (even though literally nobody gave a shit about the term AI until chatgpt in Nov 22)
Look at them now
I did gamble/scalp a little bit with Intel this past week but didn't sell for much profit. Wish I had bought more of it after the dip, but who could have expected the CEO to make those random comments to pump it
That's all the market is, just sentiment, controlled by algorithms, mini pump and dumps, so you're just guessing what a good "dip" is when scalping
VTI and chill is the best long term strategy but part of me wants to get back into day trading again. Just feels so pointless when I don't have a slush fund to do it with. That was the issue I ran into before, like ok great you made 1-3% but all those little gains and losses never amount to anything, especially with the amount of time involved
Look at them now
I did gamble/scalp a little bit with Intel this past week but didn't sell for much profit. Wish I had bought more of it after the dip, but who could have expected the CEO to make those random comments to pump it
That's all the market is, just sentiment, controlled by algorithms, mini pump and dumps, so you're just guessing what a good "dip" is when scalping
VTI and chill is the best long term strategy but part of me wants to get back into day trading again. Just feels so pointless when I don't have a slush fund to do it with. That was the issue I ran into before, like ok great you made 1-3% but all those little gains and losses never amount to anything, especially with the amount of time involved
m00m00m00
ಠ_ಠ
- Jun 14, 2001
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One other medium term stock I had been looking at was Verizon because of the news that att and vz will be turning on their 140-200mhz of extra 5g within the next month ish. That news was flying under the radar but its a game changer
Both att and vz are already up a fair amount this week already tho
Att has a host of other problems but vz isn't as bad off debt wise as them
www.rcrwireless.com
I have 60mhz UW in my area but had been watching it
Both att and vz are already up a fair amount this week already tho
Att has a host of other problems but vz isn't as bad off debt wise as them
Verizon secures full access to C-band licenses
Verizon revealed this week that it now has access to the total amount of 5G C-band spectrum awarded at auction in March 2021.
www.rcrwireless.com
I have 60mhz UW in my area but had been watching it
m00m00m00
ಠ_ಠ
- Jun 14, 2001
- 82,536
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But yeah, way I see it, either have some fun and gamble on a dip for a couple days, or play the long game with vti. Not a lot of point in putting faith into an individual stock over VTI, when moneys just constantly moving from one stock to the next, but the total market index doesn't care about that since the moneys still there
There's less money in the market when people are putting them into 5% savings accounts/cds/bonds instead, or needing break into 401ks/whatever else because they're unemployed/cant keep up with cost of living/etc
But long term there will always be more cash flow into the total market because employees will continue to invest their paychecks since savings account rates generally suck. Other than investing in real estate or something like gold I guess. But the mainstream person doesn't give a shit about either of those usually.
Tldr: its easy to see why spy returns 10 percent
There's less money in the market when people are putting them into 5% savings accounts/cds/bonds instead, or needing break into 401ks/whatever else because they're unemployed/cant keep up with cost of living/etc
But long term there will always be more cash flow into the total market because employees will continue to invest their paychecks since savings account rates generally suck. Other than investing in real estate or something like gold I guess. But the mainstream person doesn't give a shit about either of those usually.
Tldr: its easy to see why spy returns 10 percent
m00m00m00
ಠ_ಠ
- Jun 14, 2001
- 82,536
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On another note, people who write for financial sites are just bsing about what caused the markets or a stock to go up or down. It's usually outdated by the time they publish the article because the algorithm already decided to do something else. news is indeed a catalyst of sorts, but you see "sell the news" happening so often. All "news" does is put the spotlight on a stock to start a snowball of movement one way or another. Algos are predicting what other algos are doing or about to do, and if enough of them agree then it really snowballs.
You can't ever buy at the bottom of a dip but you can at least attempt to frame a stock that it will generally operate within a range of sorts, so define it and go with it
This warren guy in the comments here does futures, I looked at his post history and he posts some useful stuff
2 percent of capital, 4 percent expected return, hopes for an 85 percent win rate
You can't ever buy at the bottom of a dip but you can at least attempt to frame a stock that it will generally operate within a range of sorts, so define it and go with it
This warren guy in the comments here does futures, I looked at his post history and he posts some useful stuff
2 percent of capital, 4 percent expected return, hopes for an 85 percent win rate
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I’m in on that. Was holding since it dipped to like $41 last year but kept buying more averaging down when it was around $28. So my average is around $33. Looking good
gsilver
Star
- Sep 6, 2000
- 29,727
- 10,254
I BOUGHT INTEL LAST YEAR WHEN IT WAS MUCH HIGHER THAN IT IS NOW.
THOUGH I'VE BEEN OUT OF WORK SINCE JANUARY AND SOLD MOST OF MY STOCKS IN JUNE (A MONTH TOO EARLY. DOH) MINUS THE ONES THAT WERE STILL IN THE RED, BECAUSE OBVIOUSLY ONES THAT I ALREADY LOST ON COULDN'T LOSE MORE, RIGHT? HERE'S HOPING THAT INTEL DOES TURN POSITIVE, EVENTUALLY.
THOUGH I'VE BEEN OUT OF WORK SINCE JANUARY AND SOLD MOST OF MY STOCKS IN JUNE (A MONTH TOO EARLY. DOH) MINUS THE ONES THAT WERE STILL IN THE RED, BECAUSE OBVIOUSLY ONES THAT I ALREADY LOST ON COULDN'T LOSE MORE, RIGHT? HERE'S HOPING THAT INTEL DOES TURN POSITIVE, EVENTUALLY.
gsilver
Star
- Sep 6, 2000
- 29,727
- 10,254
So, the market slipped a bit but not a lot. However, I'm starting to hear about layoffs from a lot of people that I know + recent stuff in the news, so I think that there's trouble brewing. Layoffs tend to *increase* stock prices in the immediate term, despite them showing problems with management, so they may just delay a decline in the market.
m00m00m00
ಠ_ಠ
- Jun 14, 2001
- 82,536
- 14,203
Now that your friend has joined Wealthfront, you'll have a 0.50% APY boost on your cash!
It may take up to 24 hours before your boost is active
took almost 3 months to get a referral right as my first one from AG was running out
So I get to keep using wealthfront instead of transferring it to fidelity for money market SPAXX (5ish percent 7 day sec yield)
It may take up to 24 hours before your boost is active
took almost 3 months to get a referral right as my first one from AG was running out
So I get to keep using wealthfront instead of transferring it to fidelity for money market SPAXX (5ish percent 7 day sec yield)
-Troopa-
No Longer a Noob
- Jul 7, 2019
- 8,085
- 9,101
10 months later, the current price is $34,709.
![[xf_eek]](https://cdn.statically.io/img/www.ignboards.com/styles/default/xenforo/smilies/xenforo/eek.png "Eek! [xf_eek]")
m00m00m00
ಠ_ಠ
- Jun 14, 2001
- 82,536
- 14,203
Looking at the charts it seems like btc is benefitting from this bull run much more than the other cryptos. Cardano is still way down on the year, but it seems like ethereum was pretty stable throughout the year like btc.10 months later, the current price is $34,709.
Other than algorithms, what changed catalystwise? Probably just algos doing their thing. At least in America I don't know if crypto sentiment will ever recover after all thats happened (ftx, musk and dogecoin, the NFT money laundering nonsense, etc), but the rest of the world might think differently. I don't think US regulators and legislators want to really play ball with crypto anytime soon.
Dunno, just spitballing
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-Troopa-
No Longer a Noob
- Jul 7, 2019
- 8,085
- 9,101
@m00m00m00 Optimistic rumors that a Bitcoin ETF will be approved seem to be causing this spike
PoorPigg
Curly-tailed
32,784.30−251.63 (0.76%) today
32,784.30-352.07 (-1.06%) year to date
32,784.30-352.07 (-1.06%) year to date
PoorPigg
Curly-tailed
Mortgage rates drop to below 7% https://finance.yahoo.com/news/mort...elieving-more-declines-to-come-170032406.html
gsilver
Star
- Sep 6, 2000
- 29,727
- 10,254
Now if only prices would go back to sanity. My old house is still sitting at 51% over what it was when I lost it in 2020 (or 203% of what it was in 2015 when I got it) according to Zillow's estimate.
PoorPigg
Curly-tailed
How much confidence do you put into Zillow?
gsilver
Star
- Sep 6, 2000
- 29,727
- 10,254
Well, the ones that are actually for sale are just as expensive.
Median listing is between 625-650K right now (which is slightly more than their current estimate for my old house), and the median household income is $34,000.
I dunno how the math works. This *is not* a rich area.
I couldn't come close to affording 625k when I was working and interest rates were <3%. Now I'm just praying to be able to find somewhere where I can afford in my current situation.
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PoorPigg
Curly-tailed
Bidenomics?
PoorPigg
Curly-tailed
PoorPigg
Curly-tailed
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-Troopa-
No Longer a Noob
- Jul 7, 2019
- 8,085
- 9,101
Didn't have to wait two years. Current price at $54,544.
PoorPigg
Curly-tailed
$100,000 per person national debt https://fortune.com/2024/03/03/what-is-current-national-debt-how-can-us-get-out/
National Debt Clock
National Debt Clock
-Troopa-
No Longer a Noob
- Jul 7, 2019
- 8,085
- 9,101
Bitcoin is now $70,417.
My calendar prediction was quite good!
More tech predictions: Microsoft has shown interest in ARM-based processors with their products. Could we see a transitioning away from x86 (Intel/AMD) processors in the coming years? Apple's M-series chips are popular and doing well (also ARM-based).
It appears Qualcomm and ARM stand to benefit from this. Their stocks have already been doing great the past year.
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