It's the government trust me. NOT. I don't trust anything about our government. Wish I could convert everything into gold
Oregon has been killing it in recruiting
- Thread starter HBK4life
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A lot of folks have the same sentiments.
Personally I wouldn't recommend converting all of what I have into gold. Sure, its liquid,
and its been recognized as money around the world for thousands of years.
If fiat currency isn't able to retain any value, and the USD certainly hasn't, then it's currency, not MONEY.
The very definition of MONEY is something that retains its purchasing value and is recognized as such virtually anywhere in the world.
You can never wrong with dollar cost averaging. I missed this big bull run in my non-401k investments. Looks like my VIX holdings will finally start to pay off though.
Bitcoin is getting absolutely destroyed. Nothing like being down 25% in a week.
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The economy has been going so great lately, but it appears that the feds efforts to slow down the economy may finally be working. Perhaps a little too well.
Powell needs to stay strong. No emergency meetings. Needs to be more blood in the streets.
Most people who went to cash missed some of the biggest run ups. Hopefully you got back in before too much damage was done. The tough part of timing the market is that you have to get lucky on not one but two decisions-- when to get out and when to get back in. Timing the market never seems to work in real life although most people seem to have no problem with it on anonymous message boards and the financial shows.
Normally stay away feom the finance talk since I'm not a professional. That said I loaded up about 3 weeks ago on SQQQ. It's going to make a mint during the downturn. Stock moves 3x opposite of nasdaq. Youre welcome. Best way to make $$ in a bad market without playing options. I did very very well with it in 2020 and walked away from it as it was in free fall. I expect it to increase over 100% in the next 90 days.
Any professionals who want to share opinions of this please do.
Any professionals who want to share opinions of this please do.
Don’t want a repeat of the 70s. If you cut too early inflation can come back with a vengeance. Much better to overdue it than to cut too early.
SQQQ up 18 % in pre market. VIX (VXX) up over 50% in pre market.
I only left mine in cash for less then a week before I cracked and put it back in. I ended gaining around $8,000 IIRC but it was a stressful week wondering if I cashed out at the bottom. Very stressful thinking about what to do if it keeps going up and when to take a loss and buy back in higher. I definitely wouldn't do it again.
The Fed has a choice between inflate or die. The time is nearing when they will get to decide its either the Dollar or the Market. One or the other, but not both.
People bought the dip. Only down 435 now, but that was a crazy opening.
It's all a fraud to shake things out of the hands of people who are positioned poorly.
The economy hasn’t been going well, that was a myth. Read some data about people not being able to pay credit card bills or how many have raised their 401 K to get extra cash. The average consumer just keeps spending if he has the money or not. Housing is another area that has been headed down for some time. The government propped things up with printed money which caused inflation. It is going to be a wild ride. One I don’t anticipate healing soon.
I see. For my part, I sold about 20% of my stocks and did nothing with my crypto. Then I got back in fairly quickly but only after I missed a few really good gains. What I did get right was investing in equal parts VGT and VHT as a pandemic play. I wound up selling some VGT eventually to rebalance but I wish I hadn't. My VGT is still well ahead of the VHT.
I'm really not much different than anyone else who sold in March of 2020. I sold. The only redeeming thing was that I only sold a portion (roughly 1/5). I've never seen things as an "all or nothing" play. Like my Dad used to do with selling his corn and beans. He sold his crops incrementally over the course of the next nine months after harvest. I think he was dollar cost averaging in that way.
I'm looking at macroeconomics. The job market has been red hot. Unemployment under 4% is the longest streak since Vietnam War. Job growth 43 consecutive months despite rising interest rates. Inflation rate around 3% for about a year. Major stock market indexes have been at an all time high. Those are all good signs. But credit card debt is up. People love spending and don't seem to love working. People prefer to sit around on their phones and bitch. Every economy has winners and losers unfortunately.
You are absolutely correct. My son works for a global company and sees all the internal data from many different sectors. The one constant is that no one is spending any money.
This is all ridiculous nonsense.
Go to Daily Job Loss.com and see how great businesses are doing.
Job loss after job loss, stores closing all over the country. This economy sucks.
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Vertually everything is wrong.
The only thing close is the credit card debt, and that is massive for the vast majority.
This isn't even the tip of the iceberg.
The economy is not strong. Last month the feds adjusted unemployment up and gdp lower. I drove over an overpass with a UP rail yard underneath. I've never seen so many locomotives just parked there. Then that night I noticed there was no truck traffic going by between the hours of 10 pm and 6am. The house I was staying at is on a highway between 2 old dominion warehouses. When I stay there there's constant truck traffic except between 3 and 5 am. I told my wife Saturday morning I think the economy is tanking because of those reasons. Plus John deere laid off a bunch. Farm income is was bad last year and going to be a lot worse this year.
Put on top of that high interest and inflation which was caused by 35+ trillion national debt. Then throw in paying for all the boarder crosses freebies and this economy is bad.
Feds don't give you the real numbers
Inflation has been about 3% for a year.✅
Major indexes have had all-time highs✅
Unemployment under 4% for a long period of time ✅
Credit card debt is up✅
People love to sit on phones and bitch✅
People love spending✅
Every economy has winners and losers✅
You may say so Easy but all of this is verifiable except maybe the sitting on phones and bitching.
You can disagree that those facts are a sign of a healthy economy and there is plenty of information to say we are not healthy but literally all of those are true.
Unemployment has been good, but it’s up 23% in one year. Typically unemployment takes the elevator up and the stairs down.
Inflation for the year has been 3.25, but 3 is a good guess for the whole year though.
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Look, you're a good dude but those numbers are bogus.
I'm not gonna try to change your mind, but anyone who actually believes those horseshit numbers is gonna get a reality check.
I don't buy the mainstream news bullshit. Go to shadowstats.com and see the REAL numbers.
Not the massaged numbers from those same people who lie 24/7 to the masses.
Jobs are lost and new jobs are created. That's how capitalism works. I'm not sure what exactly is ridiculous nonsense.
Full time jobs have been net negative the last several reports. Headline numbers have looked good, but a lot of that has been people holding multiple part time jobs and gig work - Uber, DoorDash etc.
Do you know what the Labor Participation Rate is?
I've been in the economy since gas was 19 cents a gallon and cigarettes were 26 cents.
My first job paid 40 cents an hour.
We built our home in 1984 and paid it off in 1991. We've been debt free for 33 years.
I know a little bit about money and the economy.
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