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Old 06-27-2016, 11:23 AM  
DaFace DaFace is offline
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Personal finance and investing megathread extravaganza

I know lewdog (and maybe others) have mentioned the desire to have a place to chat about personal finance stuff. We'll see if there's enough interest to keep this going in the long-term, but at least for now, here's a place to chat about whatever personal finance topics come up.



If you're just getting started thinking about saving and don't know where to begin, this flow chart can help. Ask for advice in the thread for more help!

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Old 08-15-2019, 10:18 AM   #3166
petegz28 petegz28 is offline
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Originally Posted by MahiMike View Post
If you don't get it, I can't help you. There are plenty of alternatives to the stock market. The last week is the 4th largest drop in the market's history. Anyone buying stocks right now isn't seeing the bigger picture.
4th largest what??? ...we aren't even I correction territory. And who cares if we get there? Remember Black Monday, The DotCom Bubble, The Great Recession, 2016 & Q4 2018? All those were the end of the world and stocks were terrible! Unless you bought them of course.

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All kinds of people vote. Not enough of those people think highly enough of Trump to make him President but all kinds of people vote.
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Originally Posted by Donger View Post
So, if they were polling better than Trump and the primary goal was to prevent Hillary from becoming POTUS, perhaps it would have been a better strategic decision to nominate someone who actually had a chance of beating her and preventing that than nominating Donald Trump.
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Old 08-15-2019, 10:24 AM   #3167
TwistedChief TwistedChief is offline
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Originally Posted by petegz28 View Post
He never once mentioned Trump. You're reaching. He did however blast central banks...

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Wow. What do you think heís referring to when he mentions Ďpoliticsí exactly? Brexit? Italy? Argentina?
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Old 08-15-2019, 10:34 AM   #3168
petegz28 petegz28 is offline
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Originally Posted by TwistedChief View Post
Wow. What do you think he’s referring to when he mentions ‘politics’ exactly? Brexit? Italy? Argentina?
Reaching.....


Mohamed: $15t in negative rates globally. This is not a US story......

Whole host of political dislocations = ALL TRUMP??? WOW!

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Quote:
Originally Posted by |Zach| View Post
All kinds of people vote. Not enough of those people think highly enough of Trump to make him President but all kinds of people vote.
Quote:
Originally Posted by Donger View Post
So, if they were polling better than Trump and the primary goal was to prevent Hillary from becoming POTUS, perhaps it would have been a better strategic decision to nominate someone who actually had a chance of beating her and preventing that than nominating Donald Trump.

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Old 08-15-2019, 10:38 AM   #3169
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Originally Posted by petegz28 View Post
Not going to get political but anyone, regardless of whom or what party, that wins a Presidential election when literally all the odds are overwhelmingly against them is hardly an "idiot".
No, that term would be applicable to those who voted for him.

Is not qualified, never was qualified for public service.

A majority of voters told you as much.

Wonder how his Trump Moscow Resort is coming along..
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Old 08-15-2019, 10:41 AM   #3170
petegz28 petegz28 is offline
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Originally Posted by MahiMike View Post
If you don't get it, I can't help you. There are plenty of alternatives to the stock market. The last week is the 4th largest drop in the market's history. Anyone buying stocks right now isn't seeing the bigger picture.
No need to get all defensive. I never said I didn't "get it". I said I don't think it's all that it's cracked up to be.
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Originally Posted by |Zach| View Post
All kinds of people vote. Not enough of those people think highly enough of Trump to make him President but all kinds of people vote.
Quote:
Originally Posted by Donger View Post
So, if they were polling better than Trump and the primary goal was to prevent Hillary from becoming POTUS, perhaps it would have been a better strategic decision to nominate someone who actually had a chance of beating her and preventing that than nominating Donald Trump.
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Old 08-15-2019, 10:42 AM   #3171
petegz28 petegz28 is offline
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Originally Posted by Cosmos View Post
No, that term would be applicable to those who voted for him.

Is not qualified, never was qualified for public service.

A majority of voters told you as much.

Wonder how his Trump Moscow Resort is coming along..
Take it to DC, ass wipe.
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Quote:
Originally Posted by |Zach| View Post
All kinds of people vote. Not enough of those people think highly enough of Trump to make him President but all kinds of people vote.
Quote:
Originally Posted by Donger View Post
So, if they were polling better than Trump and the primary goal was to prevent Hillary from becoming POTUS, perhaps it would have been a better strategic decision to nominate someone who actually had a chance of beating her and preventing that than nominating Donald Trump.
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Old 08-15-2019, 10:53 AM   #3172
TwistedChief TwistedChief is offline
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Originally Posted by petegz28 View Post
Reaching.....


Mohamed: $15t in negative rates globally. This is not a US story......


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It's not possible to have a conversation with someone who puts his hands over his ears and ignores 98% of a 6-minute clip. This sort of willfully obtuse behavior is exactly why I avoid DC and why I'll ignore you here going forward.
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Old 08-15-2019, 10:59 AM   #3173
petegz28 petegz28 is offline
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Originally Posted by TwistedChief View Post
It's not possible to have a conversation with someone who puts his hands over his ears and ignores 98% of a 6-minute clip. This sort of willfully obtuse behavior is exactly why I avoid DC and why I'll ignore you here going forward.
I am not the one laying the blame of an inverted yield curve solely at the feet of one person. I am sorry you do not like who the President is but frankly it doesn't matter. You tried this same shit with me about Tyreek Hill and again you weren't really close to right.

I am not trying to discount your market takes per say but I am laughing at your obvious attempt to blame President Trump for all the world's ills. That, my friend is being willfully obtuse. Please go ahead and ignore me. I won't worry much about it.
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Quote:
Originally Posted by |Zach| View Post
All kinds of people vote. Not enough of those people think highly enough of Trump to make him President but all kinds of people vote.
Quote:
Originally Posted by Donger View Post
So, if they were polling better than Trump and the primary goal was to prevent Hillary from becoming POTUS, perhaps it would have been a better strategic decision to nominate someone who actually had a chance of beating her and preventing that than nominating Donald Trump.
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Old 08-15-2019, 11:11 AM   #3174
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Old 08-15-2019, 11:47 AM   #3175
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You people are focusing on the wrong thing. The Super Bowl stock market indicator is the way to go. With Patrick Mahomes II at the helm, this is looking to be a bear market for many years to come.

https://en.wikipedia.org/wiki/Super_Bowl_indicator
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Old 08-15-2019, 12:36 PM   #3176
scho63 scho63 is offline
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I don't think there's a simple answer to this. My own personal view is that Trump is certainly on the right track in standing up to China, particularly on the issue of IP theft, but his haphazard methods aren't always ideal, certainly not for markets that don't appreciate his 'madman' style of negotiating (if that's even his deliberate intention). I also don't think it's clear at all that China's currency is 'manipulated' (a lot of countries run managed exchange rates for very genuine reasons) or undervalued right now - many smart people who would argue the exact opposite (based on different FX valuation frameworks). And trade balance is determined by a number of factors that aren't always so clear cut.

In my industry, I'd say there's a general belief that standing up to China is a good thing, but it's an extremely difficult issue to fix and Trump is proving that daily.
I would agree if China was an immature, unstable or small economy but nothing could be further from the truth now after 25 years of massive growth and controlled capitalism.

Their currency should be floating not fixed. That makes them a currency manipulator.
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Old 08-15-2019, 05:47 PM   #3177
Buehler445 Buehler445 is online now
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Gold is up 30 pct in the last year. Stocks 3 pct. Countries around the globe are stockpiling in millions of pounds. They know the central banks are out of options. Everyone should have at least 10 pct in gold.
This is horrifically bad advice.

Gold is, and always was until fools thought bought hogshit salesmanís advice, a commodity. Thusly it makes a horribad investment. Nobody was saying dudes should own 10% wheat in 08 or corn in 12.

Itís a commodity man. Donít buy the shit. Look at a monthly chart and go back as far as you can go. Itís not an investment, itís a commodity.
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Old 08-15-2019, 08:49 PM   #3178
lewdog lewdog is offline
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Originally Posted by MahiMike View Post
Gold is up 30 pct in the last year. Stocks 3 pct. Countries around the globe are stockpiling in millions of pounds. They know the central banks are out of options. Everyone should have at least 10 pct in gold.
Quote:
Originally Posted by MahiMike View Post
If you don't get it, I can't help you. There are plenty of alternatives to the stock market. The last week is the 4th largest drop in the market's history. Anyone buying stocks right now isn't seeing the bigger picture.
I'm sorry we can't help you in seeing that investing in Gold over decades, sure as shit comes no where close to the gains you'll make in the market over the same period. NEVER.

4th largest drop? I guess if going solely by point values, which is retarded. It was a day where it dropped 3%. Hardly something unheard of.
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Old 08-19-2019, 05:54 PM   #3179
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I’m selling covered calls on IQ around $17.50 until it sells. I’ll take the loss once one sticks and my shares are called away. **** this piece of shit.
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Old 08-21-2019, 04:46 PM   #3180
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ten days ago I was looking up stocks to buy during a recession (looking to maybe move some of my FAANG money ) I found an article that said healthcare and groceries. People still buy / use those things. It listed Target and Walmart. I added those to my follow list but didn’t buy. Was waiting to see...

TARGET WENT UP 20% TODAY ON EARNINGS BEAT.
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