Stock Market, Business, and Investing General - News, Tips, etc

[DSP's Tax Lawyer]

My rolled over 401k's are almost fully recovered. For some reason, I thought buying at the market peak was a good idea last week

 

[No Batty Boys in Jamaica]

Even if we do wind up missing these crazy gains, I think long term having a position will still work out well. I read months ago they brought in some new CEO who's known for his record of turning businesses around.

They might have been right this time out.
My 500 bucks magically became 40. Ouch.

Fun fact: Apollo Capital was founded by (((Leon Black))), a filthy Jew and major Epstein associate who stepped down from Apollo in 2021 because of a sex abuse scandal. He allegedly abused a girl with autism and mosaic Down’s syndrome. She isn’t a full blown tard but she isn’t playing with a full deck either, in addition to being underage. His company was responsible for the bankruptcy deal. He’s a fat Jew who rapes underage retards. That’s why I bought my Wolf at $1.50 earlier in the year and sold at $3.50 as muh Going Concern dropped it into penny stock territory.

Now I’m going to buy back in once it sells off from retails seeing the 1700% jump and pumping it.

#FreeLuigi
#BeYourOwnCEO

 

[Hollywood Hulk Hogan]

My rolled over 401k's are almost fully recovered. For some reason, I thought buying at the market peak was a good idea last week

Don't sweat short-term movements. Just buy as you can. Don't try and market time. If Warren Buffett can't do it, you and I can't

 

[DSP's Tax Lawyer]

Don't sweat short-term movements. Just buy as you can. Don't try and market time. If Warren Buffett can't do it, you and I can't

I know. Its just a little annoying to have bought at a high when I could have bought a day or 2 later/day or 2 earlier and been fine. It was literally just the companies taking their sweet ass time rolling over to get me my new retirement funds

 

[No Batty Boys in Jamaica]

Don't sweat short-term movements. Just buy as you can. Don't try and market time. If Warren Buffett can't do it, you and I can't

Yeah fuck that, I’m not touching my 401k. Whatever happens is going to look like a tiny bump in the road decades from now. Or we won’t be using money. Idk. Even COVID is looking kind of minor in the rearview mirror. 2008 now looks like a minor correction now even though it was a generational meltdown that should’ve resulted in bankers going to prison.

 

[Hollywood Hulk Hogan]

Yeah fuck that, I’m not touching my 401k. Whatever happens is going to look like a tiny bump in the road decades from now. Or we won’t be using money. Idk. Even COVID is looking kind of minor in the rearview mirror. 2008 now looks like a minor correction now even though it was a generational meltdown that should’ve resulted in bankers going to prison.

Exactly. If you're buying an index fund, the only way it becomes worthless is if the S&P 500 or whatever index you bought goes under in which case we all have bigger problems to worry about

 

[Major]

a bigger problem is that fees for index funds are always higher than advertised because they don't include transaction fees or dilution factor which eats in to the performance over time.

 

[Gede labah]

Not sure what to do when the stock market crashes in the next few days

 

[DSP's Tax Lawyer]

Not sure what to do when the stock market crashes in the next few days

Its called buying

 

[Smoltine Kiminal]

Exactly. If you're buying an index fund, the only way it becomes worthless is if the S&P 500 or whatever index you bought goes under in which case we all have bigger problems to worry about

exactly how many boosters did you have again?

I know. Its just a little annoying to have bought at a high when I could have bought a day or 2 later/day or 2 earlier and been fine. It was literally just the companies taking their sweet ass time rolling over to get me my new retirement funds

>For some reason, I thought buying at the market peak was a good idea

Not sure what to do when the stock market crashes in the next few days

i think im gonna crack open a bottle of wine
then again, maybe the market just crabs for a decade or two instead, like in the 70's/80's

 

[Hollywood Hulk Hogan]

exactly how many boosters did you have again?

I don't remember but I am not a beta cuck who is terrified of getting a little jab like you are, little guy. No wonder women want nothing to do with you. They already have a pussy, they don't need another one.

If you wanna be poor, though, ignore my advice.

 

[DSP's Tax Lawyer]

>For some reason, I thought buying at the market peak was a good idea

It peaked after I bought it

 

[Waifu Denier]

I think diversifying away from US equities is something not nearly enough people do. Far too many people punt it all into SPY & QQQ and just hope for the best. US equities have consistently outperformed the rest of the world, but there's no reason to assume that will continue forever. Hell, just to use the example at hand, VWO has beaten QQQ by 5 points in the YTD.

You have to always remember that besides US Equities generally beating every other market, the downside of international investments is that you increase your exposure to other factors beyond the companies themselves. You have to account for additional interest rate shifts abroad, political risk and elections, currency, etc.

My rolled over 401k's are almost fully recovered. For some reason, I thought buying at the market peak was a good idea last week

Market peaks are always retrospective. You look at most upturns, and it is a constant series of peaks until the actual peak.

 

[Audit]

You have to always remember that besides US Equities generally beating every other market, the downside of international investments is that you increase your exposure to other factors beyond the companies themselves. You have to account for additional interest rate shifts abroad, political risk and elections, currency, etc.

There's also the trouble that international investments traditionally means Europe + Japan. Neither are looking too hot as long term buys. You can go for emerging markets (Lat. Am., Africa, Asia, ME) but those get hilariously risky. Everyone's looking for a growth market to leech off of. Getting greedy on growth lands you in the India/China pool of retarded investments that go nowhere.

Personally, I say stick to the US on the grounds that if the US goes, no one else will be there to pick up the pieces. Afaik, only the Swiss Franc has really exceeded the US Dollar's performance lately, and I'm not about to hedge my bets on a tiny European nation facing incredibly high tariffs in the US.

 

[Incongruous]

If you wanna be poor, though, ignore my advice.

Doesn't the S&P have an average real return of around 7%? If you want to park your money, that's fine, but why settle for sanitized registered investments? I think you're giving up more by way of opportunity cost by doing that. Private lending and derivatives are much better avenues to financial wealth imo. Even if it's unregistered, you can just use NFT's or some other equivalent to tax shelter your income.

 

[Hollywood Hulk Hogan]

Doesn't the S&P have an average real return of around 7%? If you want to park your money, that's fine, but why settle for sanitized registered investments? I think you're giving up more by way of opportunity cost by doing that. Private lending and derivatives are much better avenues to financial wealth imo. Even if it's unregistered, you can just use NFT's or some other equivalent to tax shelter your income.

You're insane if you park your wealth in NFTs, especially these days. I don't think anyone has purchased an NFT in the past 2 years

 

[TheRedChair]

I'm going to give a heads up on my end... Again this is an opinion... do your own research.

In the broadest sense, the housing market is going schizoid. There are cracks I have seen now in serveral regions I am looking at across the USA.

Currently what is selling are homes above the 500,000 mark. RICH people are buying up homes in this range.

Below this amount housing sales are slowing down more and more as well a reduction in sales prices.

Even with this, the average median price for a home has gone up this year though slightly.

Personally this year I fucking hate Relators. This current upsaling +20 to 25% of the actual housing is just bullshit. Sellers who are in the Millennial age as well as retards, think they can get their selling cost as they see fit.

It's not happening. The spring and summer sales have not really happen and we are heading towards winter soon.

So why I'm saying this? The housing market is one of the pillers of the US economy. If it rattles then there is a significant chance for an increase of a economic slow down.

I can't say a recession right now, but I can say this is one of many data points I watch.
In the retail market I also see the slowing down of purchasing from people as well.

So do your research and keep your head above water.

 

[Incongruous]

You're insane if you park your wealth in NFTs

Dude, no... That's not the point of NFT's at all. NFT's exist to exploit the same loophole that billionaires do concerning intangible assets and taxes. If Bill Gates donates a Picasso for $1 mil to one of his charities, he gets a tax receipt for that same amount. Similarly, When I buy a $30 NFT, "appreciate" it by $30, and donate it to the Salvation Army, I get a tax receipt for $60. That is literally the only reason why NFT's exist at all. That is their primary, overarching purpose. They're tax sheltering vehicles.

I only really use it as a strat to protect my investment income from the government. Take that MF who spent like $300k on a picture of a rock, for example. It's art, so he can appreciate it as much as he wants to and donate it without being scrutinized by the IRS. He's pretty much ensured he never pays another cent in taxes as long as he has a nonprofit that'll accept it as a donation. That's why I suggested using it to offset income that isn't made in a 401k or a Roth IRA.

 

[Audit]

Personally this year I fucking hate Relators. This current upsaling +20 to 25% of the actual housing is just bullshit. Sellers who are in the Millennial age as well as retards, think they can get their selling cost as they see fit.

In the absence of using a realtor, what's the advice handling real estate markets with dubious build quality standards? Best I can gather is hiring a home inspector. Realtor's typically take a few percent of the house cost, which is not negligible but presumably realtors are supposed to advise on legal matters that the buyer isn't familiar with.

Stuff like flood maps, historic housing prices, and comparable prices are all public or can be obtained with some effort. It's knowing what non-obvious flaws there are in a house that I wonder how you're supposed to replace, again accepting that most realtors are fraudulent retards with a fly-by-night license.

 

[Mysterious Girlfriend X]

Personally this year I fucking hate Relators.

I can realt to this sentiment.