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Stock Market

#4,001
NoDopes said:
It may be a smart move.. once we Texit.
Click to expand...
The concrete Company I worked for sent me to Dallas in 1969 to learn a concrete coating process.. Sat right there and shared lunches with my Mexican crew every day. No English but they were there every day and put in a days labor. Every young person should have the opportunity to live in Dallas for a while. I never returned.
 
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#4,006
image.gif

YARN | That's like, what, like a million diamonds for $400? | Arrested Development (2003) - S02E02 The One Where They Build a House | Video gifs by quotes | 7e159006 | 紗
 
#4,010
Gold is nice. $2053.00 per oz right now so a 30% drop would hardly leave you broke, and that’s if you bought it at today’s price.

If you’ve been buying physical gold for a decent amount of time then you are definitely not overly concerned about a 30% drop in value from current prices.

Time, time, time.

It’s like when people say I’m nuts for still buying the S&P 500 in the $470’s. I have time. They also said I was nuts for buying S&P tops while working at Hardee’s in the early 90’s.

The companies and commodities I like I have bought consistently over time.

Time is your friend. If you’re over 40 and just now starting out, you are a long way behind the curve.

If you’re young, start now and reinvest dividends and enjoy swoll pockets in the future.
 
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#4,011
Bigfatcock said:
Gold is nice. $2053.00 per oz right now so a 30% drop would hardly leave you broke, and that’s if you bought it at today’s price.

If you’ve been buying physical gold for a decent amount of time then you are definitely not overly concerned about a 30% drop in value from current prices.

Time, time, time.

It’s like when people say I’m nuts for still buying the S&P 500 in the $470’s. I have time. They also said I was nuts for buying S&P tops while working at Hardee’s in the early 90’s.

The companies and commodities I like I have bought consistently over time.

Time is your friend. If you’re over 40 and just now starting out, you are a long way behind the curve.

If you’re young, start now and reinvest dividends and enjoy swoll pockets in the future.
Click to expand...
Words of wisdom. Time proven.
One of my Dad's sayings. . . "It takes money to make money".. Always have a stash that no one knows about. Historically the killer deals appear when you are broke.
 
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#4,012
TheOtherAndrew said:
I get it - ppl think gold is good. Rosalyn Capital and Willy Duvane..

But damn, who will be buying all of this gold - when things go awry gold prices will drop 30+%. Now you have a shiny brick
Click to expand...
Gold and silver is for when high/hyperinflation/currency reset happens.
Ammo is for after that.
Diversify your investments.
 
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#4,013
Hobo Hilton said:
Words of wisdom. Time proven.
One of my Dad's sayings. . . "It takes money to make money".. Always have a stash that no one knows about. Historically the killer deals appear when you are broke.
Click to expand...

I will add to that one of my Dad's sayings, paraphrasing it, I never listened to him that closely ;)
Something like real wealth cannot be made solely from selling only your own labor hours

sum these two sayings up and it means, you either have to profit from buying and selling things (like real estate, stocks, etc) or you have to be in a position to profit off other peoples labor hours in mass. (ex. you own a company that employees 100's of people and you profit off each one)

Your income from selling your own labor hours alone will not bring real wealth, you have a limited amount of hours to sell.
 
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#4,015
Diversification is how wealth managers secure their jobs and ensure a diminishing work load. Its like writing convoluted laws and rules for lawyers and accountants.

Gold is for millionaires and up for cling to your pearls 'security' or 'gotta jet'.

Why not buy palladium?

The level 1 answers on here are getting a bit draining. So basically there's this big fucking thread titled stock market that nobody talks about stocks in lol aight got it.
 
#4,018
I asked 3 top stock picks '24.

Been out AWHILE just checked it last night and was surprised by the results...so I said hey lets see what other ppl are trending toward these days - doesn't mean Ill agree but it is data that can be used to search/collab for better ideas.

Im not going full SWOT analysis here just a few bread crumbs
 
#4,019
my wisdom says don't ever enter an [agreement] without fully considering the worst outcome possible being a true reality - and plan accordingly for it.

could go armchair psy or could tell you like a portfolio manager and bore everybody to death either way
 
#4,020
How much money (%) do you lose every year by simply putting it into a bank or even a bag under your bed...

How much money do insurance companies make every year (%) from the exact same mechanism that drains your liquid cash...

What is the mechanism; explain the feedback loop?

image.gif
 
#4,021
TheOtherAndrew said:
The level 1 answers on here are getting a bit draining. So basically there's this big fucking thread titled stock market that nobody talks about stocks in lol aight got it.
Click to expand...
I recommend the following:

Vroom: VRM
AMC theaters: AMC
Sears: SHLDQ

****DO NOT INVEST IN THE ABOVE LISTED TURDS. IT WAS POSTED AS A JOKE!****
 
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#4,023
lets go a different way - all the gold people out there. Anybody ever cashed in their gold for profit? tell me about the yr or 2 after that and the cap gains and how your 30% 10yr bump really equates to ~15% in real terms at that because of tax and inflation.

How did you secure your gold bars in the meantime? Bob Melendez's coat?! not too funny but relevant lol
 
#4,024
Buffet gave an interview last year saying things will be down until the Fed "pivots" then you'll have around 18 months to make a ton of money, then things will shit the bed.
Now, I think the market anticipated the pivot a bit early and the rise has already started. China is currently fucked but nothing is moving yet. Top 2 real estate companies bankrupt and their $135B shadow bank just went bankrupt, but still nothing....
We may see a pull back before the FED seriously turns on the printers but the government debt spending is already spiraling up. So, we may continue directly into a melt up. Everything will probably go up. The real question is when the music stops, are you going to have a chair to sit in?
Place your bets and set trailing stops. I'd stay away from the top 7 driving the market last year and anything real estate related.
 
#4,026
TheOtherAndrew said:
lets go a different way - all the gold people out there. Anybody ever cashed in their gold for profit? tell me about the yr or 2 after that and the cap gains and how your 30% 10yr bump really equates to ~15% in real terms at that because of tax and inflation.

How did you secure your gold bars in the meantime? Bob Melendez's coat?! not too funny but relevant lol
Click to expand...
LOL... Obviously you don't deal in gold or you would not ask those questions.
1705177894449.png
 
#4,029
TheOtherAndrew said:
lets go a different way - all the gold people out there. Anybody ever cashed in their gold for profit? tell me about the yr or 2 after that and the cap gains and how your 30% 10yr bump really equates to ~15% in real terms at that because of tax and inflation.

How did you secure your gold bars in the meantime? Bob Melendez's coat?! not too funny but relevant lol
Click to expand...
Sell for cash to private buyers if you want to sell it.

I keep all of my gold in my prison wallet.
 
#4,033
Grammarly IPO (date unknown) - I want in on that when it's doing the limbo.
----------
I truly am scared of this company. The way they describe how simple it will be to write not just papers but thesis and scientific journals with a click of AI. its not plagiarism, but nobody reading can tell where the original thought from the author came in and what is the AI - how would you cite such a thing? CLICK A BUTTON! lol they just add a final citation saying this was made using Grammarly AI. and everyones fine with it!

Do we not recall the statues being torn down? nobody on the "seperate them from their traditions and culture and [control is imminent]." I can see this thing getting way out of hand - but its guns make some money too regardless of me so hey
 
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#4,035
NoDopes said:
Buffet gave an interview last year saying things will be down until the Fed "pivots" then you'll have around 18 months to make a ton of money, then things will shit the bed.
Now, I think the market anticipated the pivot a bit early and the rise has already started. China is currently fucked but nothing is moving yet. Top 2 real estate companies bankrupt and their $135B shadow bank just went bankrupt, but still nothing....
We may see a pull back before the FED seriously turns on the printers but the government debt spending is already spiraling up. So, we may continue directly into a melt up. Everything will probably go up. The real question is when the music stops, are you going to have a chair to sit in?
Place your bets and set trailing stops. I'd stay away from the top 7 driving the market last year and anything real estate related.
Click to expand...
Buffet has already made his money. Factor in inflation on his money and he looks great on paper.
The FED is politicized and will never raise the interest rate above the inflation rate. No Paul Volcker, only J Powell.
The FED can not print enough USD's to pay just the interest on the National Debt
Johnson has no plans to avoid a shutdown.
 
#4,037
TheOtherAndrew said:
Diversification is how wealth managers secure their jobs and ensure a diminishing work load. Its like writing convoluted laws and rules for lawyers and accountants.

Gold is for millionaires and up for cling to your pearls 'security' or 'gotta jet'.

Why not buy palladium?

The level 1 answers on here are getting a bit draining. So basically there's this big fucking thread titled stock market that nobody talks about stocks in lol aight got it.
Click to expand...

Dude… sit back and buy TSLA and sell covered calls. In Elon We Trust here.
 
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#4,039
image.gif


And that is kinda what my point on gold was - I CONFESS yes gold is a safe place to put your money. two fold - that's relative to the other options available and WHEN you got in (1970 may not apply to most ppl anymore...). So it's a conservative approach. 30% gain over a 10 yr period is only 3%APY (yea I have a TI-89 too). Id rather do a TSLA move of some kind, get really involved and detailed and risk it with a backup strategy if things aren't perfect which they won't be. Kenny Rodgers gotta know when to ride the rollercoaster and when to bail and hit up another [hold em fold em].

But shit - gold aint got that cowbell ring to it. just don't reverse mortgage your house to ring that cowbell
 
#4,042
My gut says if Trump wins - buy airlines DAL, LUV, ALK, AAL. Fuel pricing and reinvigorated travel into economy + bottom prices now. there are other plays but this is my moonshot for now - been wrong before but can easily fix buying into some PXD, DVN et al.

If Biden - UNH, MS,

Leary on any high end defense companies - they produce great stuff but they aren't about the money game the same way - they only really care about the RD&D because the rest just keeps flowing naturally for them no matter what essentially.

Uncertain if I missed the boat at this point on chips....

May look into Meta or whatever they call it now for future AI stuff?

Patiently waiting for Grammarly to IPO
 
#4,044
who is their closest competitor would you say?
-----
Currently - yes

Im betting they get bought in ~4yrs by Google, Microsoft, Oracle or even Meta.

it is an over reaction on my part but Im interested....
 
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#4,045
MrSmith said:
My opinion is that many people, being accustomed to assigning value in dollars, have a skewed view of this. Gold is not worth more dollars, it takes more dollars to buy the same gold. The dollar is not a constant.

Thank you,
MrSmith
Click to expand...
One of the top item's on my "Wish List" would be to wake up tomorrow morning and find that gold is trading at $1,000 / ounce.
That, in itself, would double the buying power of my fixed income which is being paid out in USD's.
Anyone not understand my wish ?
 
#4,046
Hobo Hilton said:
One of the top item's on my "Wish List" would be to wake up tomorrow morning and find that gold is trading at $1,000 / ounce.
That, in itself, would double the buying power of my fixed income which is being paid out in USD's.
Anyone not understand my wish ?
Click to expand...

Exactly. And the oz of gold will still trade for the same "quality business suit" as it did in your yesterday, to paraphrase an analogy.

Thank you,
MrSmith
 
#4,047
MrSmith said:
Exactly. And the oz of gold will still trade for the same "quality business suit" as it did in your yesterday, to paraphrase an analogy.

Thank you,
MrSmith
Click to expand...
While the American politician's removed the country from the "Gold Standard"....... The traders in the rest of the world continued on the Gold Standard. One more lesson, changing a culture is difficult.
 
#4,048
Hobo Hilton said:
While the American politician's removed the country from the "Gold Standard"....... The traders in the rest of the world continued on the Gold Standard. One more lesson, changing a culture is difficult.
Click to expand...

Your last sentence is one of your more profound. I'm not going deep into the weeds but:

Americans are not accustomed to trading in gold. It will be difficult for a person with an oz of gold to convince an average farmer to trade him a cow. But if that person changes the oz of gold into dollars the trade can be made. This is why gold, as a barter/currency medium will be problematic at best. Only a infinitesimal number of Americans have ever seen a gold coin in circulation as currency. Gold dealers advertise and sell gold as an investment, the certification of the amount and purity of the piece being the strike/face/appearance, like a quarter looks like a quarter and everyone knows what a quarter looks like. Gold dealers also sell rare coins so ........

Imagine you have an oz of gold and a "1897-W, $50 gold eagle, MS63" (I made that up to make a point, no clue of its "value" or existence). How do you convince the farmer you would give him this oz of gold for one cow but you want 4 cows for this other oz of gold. The "value" of an oz of gold can be looked up on your hand held information device. But the 1897 coin has additional collector "value", one gold cow and three collector cows. If it gets scratched then it's worth only one gold cow and only two collector cows. Now negotiation becomes somewhat more spirited. And any change returned from your oz gets complicated.

Your earlier comments about gold as more of a hedge than an investment/currency ring true. Goldbacks will prove an interesting experiment but I hold little hope for acceptance. I do plan to buy some to frame for the wall. Americans are not a culture ready to trade in gold and, "see last sentence in quoted post".

Should you venture south, call and I'll buy lunch. We could even discuss the pros and cons of a 6011 root and LoHy fill and cap but you would quickly exhaust my knowledge.

Thank you,
MrSmith
 
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#4,049
image.gif


minted currency doesn't have to be claimed as a gain

every other gain is taxable no matter the size of sale or party selling to - doesn't mean you won't slip through cracks but I wouldn't advise that as ur only plan.

as far as if gold went to 1000 tomorrow - nobody would be making money, the [world] would meltdown if gold somehow lost half its [price] in 24hrs.

BUT if that were to happen, nobody forget making the X a farmer (OFFENSE TAKEN!), nobody but collectors care about quality of the coin and rating xyz (and they only care because the system is stable and prices trend up; get rid of the stability and they gone. purity would be only worry and they would all sell the same - oz of gold, don't care about the frilly lace BS of a collector grade coin. At that point it's the buyer in drivers seat not the seller.

farmer - do you like eating food or that gold?
 
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#4,050
MrSmith said:
Your last sentence is one of your more profound. I'm not going deep into the weeds but:

Americans are not accustomed to trading in gold. It will be difficult for a person with an oz of gold to convince an average farmer to trade him a cow. But if that person changes the oz of gold into dollars the trade can be made. This is why gold, as a barter/currency medium will be problematic at best. Only a infinitesimal number of Americans have ever seen a gold coin in circulation as currency. Gold dealers advertise and sell gold as an investment, the certification of the amount and purity of the piece being the strike/face/appearance, like a quarter looks like a quarter and everyone knows what a quarter looks like. Gold dealers also sell rare coins so ........

Imagine you have an oz of gold and a "1897-W, $50 gold eagle, MS63" (I made that up to make a point, no clue of its "value" or existence). How do you convince the farmer you would give him this oz of gold for one cow but you want 4 cows for this other oz of gold. The "value" of an oz of gold can be looked up on your hand held information device. But the 1897 coin has additional collector "value", one gold cow and three collector cows. If it gets scratched then it's worth only one gold cow and only two collector cows. Now negotiation becomes somewhat more spirited. And any change returned from your oz gets complicated.

Your earlier comments about gold as more of a hedge than an investment/currency ring true. Goldbacks will prove an interesting experiment but I hold little hope for acceptance. I do plan to buy some to frame for the wall. Americans are not a culture ready to trade in gold and, "see last sentence in quoted post".

Should you venture south, call and I'll buy lunch. We could even discuss the pros and cons of a 6011 root and LoHy fill and cap but you would quickly exhaust my knowledge.

Thank you,
MrSmith
Click to expand...
My world was industrial construction. I miss those days of sitting in some cold drafty lunch room tent covering "pros and cons"... I think there were days the only reason I went to work was for the "fellowship". NO topic was sacred.... Women, guns, truck, religion, people, piss poor supervision, Chinese fittings / welding rods and of course arguing with a welding inspector that had never welded.

To level the playing field on gold and silver I would convert to the melt value.

The "Art of Barter" is almost extinct. The largest factor, in the beginning, is having two men together. Both having a "need" for an item the other man has. This, in itself, clears the room of spectators with endless opinions. Historically, after a trade, I will have one guy say "you did good" and another guy say "you got beat". What they think does not matter.

In the future, depending on the deal... I may get more for USD's than gold... or ... I may get more for gold than USD's.

What I don't know is what I could get for a Bitcoin. ;)
 
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