Stock Thread (37 Viewers)

[culdeus]

It seems like we are headed for another great depression on steroids, or a LOT of concessions need to be made fairly soon with dozens of countries.
Yeesh, I guess I'm personally just kinda stuck with my money invested where it is. This kinda sucks right now

The problem is why would other countries make concessions with us? An economic collapse of the US only hurts them because our stock market is basically their equity reserve too.

Can you unpack this for me. Other countries wouldn't want to make concessions because if we collapse and it hurts them...that's good?

It's because the people doing this don't understand that you don't just ask chat gpt to divide goods and exports to get a figure. Our service export economy is quite strong and wasn't part of the math probably because they didn't know it was a thing.

So you are europe, they set a duty to ensure they DO make stuff for us, specifically. So cutting these down would in effect drive them to simply sell to somewhere else.

Put this in another way tariffs only work when you have local manufacturing to compete with foreign manufacturers.

We decided long ago to get rid of manufacturing so that we could pump more money into shareholder accounts, which would then be used fund Only Fans subs. Other places know this.

 

[Ministry of Pain]

"Fully Invested" not sure what that means

all available cash is invested. He's saying not everyone has cash to spend, since we've had these buying opportunities since January.
I feel lucky that I can buy buy buy - but not everyone can. They're just getting buried in a hole that will take time to crawl out of,

Let me share and would you hold the mic a minute, thanks!

-We work in a non profit that puts in 5% of folks salary no matter what they do - Every single employee
They will match you dollar for dollar up to another 5%
You put in 5% and you are working with 15% or you get 2:1 on your money...that's pretty much bullet proof for whatever happens in these IRA/401K, etc...
But then we walk around at events and talk to people who openly say they do not contribute to their retirement accounts because they can't afford it
I do not believe them, they all make pretty decent salaries

I have little to no tolerance for folks that have a Starbucks in their hand and an Apple iPhone in their other hand but they are "fully invested"
"I can't afford to invest" and my response is how can you afford not to?

Financial Illiteracy which I have posted about many times on this board and been told to get a blog from folks like you is part of the problem
Most average Americans have no idea how the Rule of 72 and compound interest works.
You can have the mic back, thank you!

 

[culdeus]

"Fully Invested" not sure what that means

all available cash is invested. He's saying not everyone has cash to spend, since we've had these buying opportunities since January.
I feel lucky that I can buy buy buy - but not everyone can. They're just getting buried in a hole that will take time to crawl out of,

Let me share and would you hold the mic a minute, thanks!

-We work in a non profit that puts in 5% of folks salary no matter what they do - Every single employee
They will match you dollar for dollar up to another 5%
You put in 5% and you are working with 15% or you get 2:1 on your money...that's pretty much bullet proof for whatever happens in these IRA/401K, etc...
But then we walk around at events and talk to people who openly say they do not contribute to their retirement accounts because they can't afford it
I do not believe them, they all make pretty decent salaries

I have little to no tolerance for folks that have a Starbucks in their hand and an Apple iPhone in their other hand but they are "fully invested"
"I can't afford to invest" and my response is how can you afford not to?

Financial Illiteracy which I have posted about many times on this board and been told to get a blog from folks like you is part of the problem
Most average Americans have no idea how the Rule of 72 and compound interest works.
You can have the mic back, thank you!

You can be fully invested and save 40% of your money coming in.

 

[Nugget]

"Fully Invested" not sure what that means

all available cash is invested. He's saying not everyone has cash to spend, since we've had these buying opportunities since January.
I feel lucky that I can buy buy buy - but not everyone can. They're just getting buried in a hole that will take time to crawl out of,

Let me share and would you hold the mic a minute, thanks!

-We work in a non profit that puts in 5% of folks salary no matter what they do - Every single employee
They will match you dollar for dollar up to another 5%
You put in 5% and you are working with 15% or you get 2:1 on your money...that's pretty much bullet proof for whatever happens in these IRA/401K, etc...
But then we walk around at events and talk to people who openly say they do not contribute to their retirement accounts because they can't afford it
I do not believe them, they all make pretty decent salaries

I have little to no tolerance for folks that have a Starbucks in their hand and an Apple iPhone in their other hand but they are "fully invested"
"I can't afford to invest" and my response is how can you afford not to?

Financial Illiteracy which I have posted about many times on this board and been told to get a blog from folks like you is part of the problem
Most average Americans have no idea how the Rule of 72 and compound interest works.
You can have the mic back, thank you!

So the $1500 investment on May 1st is what you are talking about? Don't think it is going to make a huge difference for people who have been investing for 20 years. And would you recommend they change their allocation?

If you have a stock/bond split in your accounts, it may not be a bad time to rebalance.

If you have been socking away in a HYSA or have an overfunded emergency fund, this could be a nice opportunity.

 

[Ministry of Pain]

"Fully Invested" not sure what that means

all available cash is invested. He's saying not everyone has cash to spend, since we've had these buying opportunities since January.
I feel lucky that I can buy buy buy - but not everyone can. They're just getting buried in a hole that will take time to crawl out of,

Let me share and would you hold the mic a minute, thanks!

-We work in a non profit that puts in 5% of folks salary no matter what they do - Every single employee
They will match you dollar for dollar up to another 5%
You put in 5% and you are working with 15% or you get 2:1 on your money...that's pretty much bullet proof for whatever happens in these IRA/401K, etc...
But then we walk around at events and talk to people who openly say they do not contribute to their retirement accounts because they can't afford it
I do not believe them, they all make pretty decent salaries

I have little to no tolerance for folks that have a Starbucks in their hand and an Apple iPhone in their other hand but they are "fully invested"
"I can't afford to invest" and my response is how can you afford not to?

Financial Illiteracy which I have posted about many times on this board and been told to get a blog from folks like you is part of the problem
Most average Americans have no idea how the Rule of 72 and compound interest works.
You can have the mic back, thank you!

You can be fully invested and save 40% of your money coming in.

How many Americans do you think fall into that category vs
Starbucks and iPhone but are "fully invested"

I think a lot more folks could invest but make choices and brainwash themselves into thinking they can't invest
They do similar things with homes and the housing market

Even when rates were cheap these folks said they couldn't afford homes or couldn't get the home of their dreams so they didn't buy and now they cry because they are priced out
Never ending cycle of victimization

 

[McBokonon]

Financial Illiteracy which I have posted about many times on this board and been told to get a blog from folks like you

It’s possible they were just hoping you would find another outlet like Creed Thoughts.

 

[Nugget]

Woke up just now and thought I was living in groundhog day.
SOXL just might hit 7 after all

I just entered 3 buy limits for today. lowest at 7.69. might have to do a 6.93 just in case.

I'm put my order in at 6.80. Praying it doesn't hit.

 

[Desert_Power]

"Fully Invested" not sure what that means

all available cash is invested. He's saying not everyone has cash to spend, since we've had these buying opportunities since January.
I feel lucky that I can buy buy buy - but not everyone can. They're just getting buried in a hole that will take time to crawl out of,

Let me share and would you hold the mic a minute, thanks!

-We work in a non profit that puts in 5% of folks salary no matter what they do - Every single employee
They will match you dollar for dollar up to another 5%
You put in 5% and you are working with 15% or you get 2:1 on your money...that's pretty much bullet proof for whatever happens in these IRA/401K, etc...
But then we walk around at events and talk to people who openly say they do not contribute to their retirement accounts because they can't afford it
I do not believe them, they all make pretty decent salaries

I have little to no tolerance for folks that have a Starbucks in their hand and an Apple iPhone in their other hand but they are "fully invested"
"I can't afford to invest" and my response is how can you afford not to?

Financial Illiteracy which I have posted about many times on this board and been told to get a blog from folks like you is part of the problem
Most average Americans have no idea how the Rule of 72 and compound interest works.
You can have the mic back, thank you!

You can be fully invested and save 40% of your money coming in.

Yeah. We've gotten a slew of lump sums from a small inheritance, my wife's severance, and our bonuses over the last few months. All of those have just been sitting in money markets waiting for this very predictable market reaction to policy so bad even Nero would blush.

 

[NajehHejan]

Back in SOXL @ 20.02

Hoping to sell later today at 22.02 for 10% (IRA tax-free) gain

Are you DCA'ing? I bought at 20 and 19. Ready to DCA when it hits 18's.

Dang - I got greedy here - had I set my gain for 5% like the other day, instead of 10%, it looks like it may have just hit. I will DCA at 18 but not 19. This market is in bad shape.

Out at 20.88. Less than my goal but no way I’m holding over the weekend

funded half my Roth this morning - SOXL at 19.00

This SOXL train is fun ain't it?

I took today off. An entry point at 18.05 is tempting, but I think we'll see 14/15 later this week.

I’m buying my other half at $7.

Hoping SOXL doesn't hit this today.

Couple more 25% rips and we're there

In SOXL at $12.13

Oof. Put in an equal size limit order at 7.87, really hope it DOES NOT hit, but I could live with a 10.00 average for a bit.....

 

[Ministry of Pain]

Nobody on this board is liquid for 6 or 7 figures?
Nobody around here keeps any cash to be used when buying opportunities simply cannot be missed?
I'm not just talking stocks but a bunch of you brag about all these toys you buy
I find it hard to believe all of you are "fully invested"

I like Real Estate as much or more than stocks so we try and be liquid so we can move on properties as they pop up
Side note: The Baby Boomers pay cash for almost all their home purchases, it impacts Gen Z from buying homes

I drive a used Subaru with almost 100k miles on it
One of the first books I read from the Boards was "The Millionaire Next Door" back in like 2001
I have nothing but love for all of you, don't get upset with my posts, they're not meant to be abrasive

 

[Nugget]

Is $4837.80 considered 6 figures?

 

[Dr. Octopus]

Financial Illiteracy which I have posted about many times on this board and been told to get a blog from folks like you is part of the problem

I was only answering your question to another poster where you asked what "fully invested" meant,

 

[Bob Sacamano]

"Fully Invested" not sure what that means

all available cash is invested. He's saying not everyone has cash to spend, since we've had these buying opportunities since January.
I feel lucky that I can buy buy buy - but not everyone can. They're just getting buried in a hole that will take time to crawl out of,

Let me share and would you hold the mic a minute, thanks!

-We work in a non profit that puts in 5% of folks salary no matter what they do - Every single employee
They will match you dollar for dollar up to another 5%
You put in 5% and you are working with 15% or you get 2:1 on your money...that's pretty much bullet proof for whatever happens in these IRA/401K, etc...
But then we walk around at events and talk to people who openly say they do not contribute to their retirement accounts because they can't afford it
I do not believe them, they all make pretty decent salaries

I have little to no tolerance for folks that have a Starbucks in their hand and an Apple iPhone in their other hand but they are "fully invested"
"I can't afford to invest" and my response is how can you afford not to?

Financial Illiteracy which I have posted about many times on this board and been told to get a blog from folks like you is part of the problem
Most average Americans have no idea how the Rule of 72 and compound interest works.
You can have the mic back, thank you!

The people in here seem a lot like those people. Good chat.

 

[NajehHejan]

Whelp, this thread had a good run

 

[Sand]

Nobody on this board is liquid for 6 or 7 figures?

In general time in the market, due to it's irrationality, rather than timing the market, has been shown conclusively to be the highest return potential. Unless someone has 9 figures in their bank account 7 figures in cash sitting and waiting is kinda crazy.

 

[Sand]

Whelp, this thread had a good run

It's temporarily degenerated, but at least no politics. It will return to it's normal awesomeness when the market stabilizes.

 

[Desert_Power]

Whelp, this thread had a good run

Someone should start a tariff thread to hoover up attention of people who don't watch the market and mods...

 

[The_Man]

The S&P has been in a trading range between 5700 and 5400 for the past month. There is significant support at the 5400 level so it may settle above there for awhile. Decent amount at 5200. If it breaks below 5200 then look out below.

I'm no technical analysis wizard but those are my thoughts.

Here we go!

 

[stbugs]

I’ve got enough Amazon that I’m not upset about missing $166 (may get there again soon), NVDA and VRT are looking decent. TTD at $46 is screaming at me as well. Just not sure of a positive catalyst and could see either sideways or down for a while.

 

[Bossman]

Picked up a chunk of NFLX just now. I was doubting we would ever see it at these prices again.
I want to go back for more but waiting to see if it goes lower.

 

[stbugs]

"Fully Invested" not sure what that means

all available cash is invested. He's saying not everyone has cash to spend, since we've had these buying opportunities since January.
I feel lucky that I can buy buy buy - but not everyone can. They're just getting buried in a hole that will take time to crawl out of,

Let me share and would you hold the mic a minute, thanks!

-We work in a non profit that puts in 5% of folks salary no matter what they do - Every single employee
They will match you dollar for dollar up to another 5%
You put in 5% and you are working with 15% or you get 2:1 on your money...that's pretty much bullet proof for whatever happens in these IRA/401K, etc...
But then we walk around at events and talk to people who openly say they do not contribute to their retirement accounts because they can't afford it
I do not believe them, they all make pretty decent salaries

I have little to no tolerance for folks that have a Starbucks in their hand and an Apple iPhone in their other hand but they are "fully invested"
"I can't afford to invest" and my response is how can you afford not to?

Financial Illiteracy which I have posted about many times on this board and been told to get a blog from folks like you is part of the problem
Most average Americans have no idea how the Rule of 72 and compound interest works.
You can have the mic back, thank you!

I have no idea what your point is. Fully invested to me is someone who has a 401k and other investment accounts but there is no cash in those accounts to invest because all the money is already invested. They’d have to sell stocks to then buy more stocks.

You seem to be wanting to equate fully invested to I can’t afford to invest. I agree with you there that if you can’t put away enough to get your free match in 401k because of luxury purchases, then you have an issue and you likely won’t ever have enough to retire.

 

[Stoneworker]

The S&P has been in a trading range between 5700 and 5400 for the past month. There is significant support at the 5400 level so it may settle above there for awhile. Decent amount at 5200. If it breaks below 5200 then look out below.

I'm no technical analysis wizard but those are my thoughts.

Here we go!

Crazy. It will be interesting to see if it bounces and closes above or just rips right through

VIX hasn't been this high since pandemic

 

[beef]

Woke up just now and thought I was living in groundhog day.
SOXL just might hit 7 after all

I just entered 3 buy limits for today. lowest at 7.69. might have to do a 6.93 just in case.

I'm put my order in at 6.80. Praying it doesn't hit.

There are some massive SOXL orders going through. Seen a few $1M+.

 

[Redwes25]

Bought a little more QQQ this morning. Only nibbling but figured might as well.

 

[Ministry of Pain]

Nobody on this board is liquid for 6 or 7 figures?

In general time in the market, due to it's irrationality, rather than timing the market, has been shown conclusively to be the highest return potential. Unless someone has 9 figures in their bank account 7 figures in cash sitting and waiting is kinda crazy.

Have you seen what homes sell for around coastal areas of Florida? ...and they typically are not financed

I totally understand what you are saying Sand, you have a valid point however...
When you want to produce a night out at a club, rent the club out, pay the DJs, pay the sound/lights crew, pay the staff, pay the security, pay other associates
They don't take checks or American Express my friend

 

[stbugs]

Picked up a chunk of NFLX just now. I was doubting we would ever see it at these prices again.
I want to go back for more but waiting to see if it goes lower.

It’s not nearly as cheap as other “tech” stocks and I wonder if a recession might really hurt it. I have it because I’ve still got 3-4 people in the house but after Stranger Things ends, meh. It’s my most expensive streaming option and if I was in a crunch, I’d drop it. There is always something to watch but it’s definitely not something I could live without like live sports. Between Prime (free, have Paramount+ through it too), Hulu (live), Disney (cheap bundle with Hulu), Max (free with AT&T) and Apple (family plan with 2 TBs and Music), I can find a ton to watch and for the variety of reasons, the other services I have are way cheaper via bundles or just free. Netflix cost is probably equivalent to everything else I have except live TV.

 

[Redwes25]

Nobody on this board is liquid for 6 or 7 figures?

In general time in the market, due to it's irrationality, rather than timing the market, has been shown conclusively to be the highest return potential. Unless someone has 9 figures in their bank account 7 figures in cash sitting and waiting is kinda crazy.

Have you seen what homes sell for around coastal areas of Florida? ...and they typically are not financed

I totally understand what you are saying Sand, you have a valid point however...
When you want to produce a night out at a club, rent the club out, pay the DJs, pay the sound/lights crew, pay the staff, pay the security, pay other associates
They don't take checks or American Express my friend

What does any of this have to do with the markets right now. If you have spare cash and you think good time to buy then buy but talking generally about what other people are doing on a grand scale is nonsensical. Do your trades - let us know if you want or don't but lets not debate whatever the hell you are debating.

 

[beef]

Nobody on this board is liquid for 6 or 7 figures?

In general time in the market, due to it's irrationality, rather than timing the market, has been shown conclusively to be the highest return potential. Unless someone has 9 figures in their bank account 7 figures in cash sitting and waiting is kinda crazy.

Have you seen what homes sell for around coastal areas of Florida? ...and they typically are not financed

I totally understand what you are saying Sand, you have a valid point however...
When you want to produce a night out at a club, rent the club out, pay the DJs, pay the sound/lights crew, pay the staff, pay the security, pay other associates
They don't take checks or American Express my friend

This ain't the Night at the Roxbury thread.

 

[Mookie]

Picked up a chunk of NFLX just now. I was doubting we would ever see it at these prices again.
I want to go back for more but waiting to see if it goes lower.

It’s not nearly as cheap as other “tech” stocks and I wonder if a recession might really hurt it. I have it because I’ve still got 3-4 people in the house but after Stranger Things ends, meh. It’s my most expensive streaming option and if I was in a crunch, I’d drop it. There is always something to watch but it’s definitely not something I could live without like live sports. Between Prime (free, have Paramount+ through it too), Hulu (live), Disney (cheap bundle with Hulu), Max (free with AT&T) and Apple (family plan with 2 TBs and Music), I can find a ton to watch and for the variety of reasons, the other services I have are way cheaper via bundles or just free. Netflix cost is probably equivalent to everything else I have except live TV.

Agreed. NFLX will be one of the first things to go in our household.

 

[Sand]

Bought a little more QQQ this morning. Only nibbling but figured might as well.

Yep - I nibbled just a bit.

 

[bcat01]

Anyone know if you rebalance between a bond fund and an index fund in a Fidelity 401K today what the settlement price would be? Would it be the price at the end of today or in 2 or 3 days when it settles?

 

[Desert_Power]

Anyone know if you rebalance between a bond fund and an index fund in a Fidelity 401K today what the settlement price would be? Would it be the price at the end of today or in 2 or 3 days when it settles?

Usually this stuff gets EOD pricing. It should say it on the screen somewhere.

 

[Sand]

Hmmm. S&P just hit -5%. Not sure why the market didn't halt.

 

[Redwes25]

Anyone know if you rebalance between a bond fund and an index fund in a Fidelity 401K today what the settlement price would be? Would it be the price at the end of today or in 2 or 3 days when it settles?

End of Day unless you are trading ETFs which would be done when trades are executed.

 

[Sand]

Oil -10% this morning. That's certainly a "we think there will be a recession" sign.

 

[Chemical X]

Picked up a chunk of NFLX just now. I was doubting we would ever see it at these prices again.
I want to go back for more but waiting to see if it goes lower.

It’s not nearly as cheap as other “tech” stocks and I wonder if a recession might really hurt it. I have it because I’ve still got 3-4 people in the house but after Stranger Things ends, meh. It’s my most expensive streaming option and if I was in a crunch, I’d drop it. There is always something to watch but it’s definitely not something I could live without like live sports. Between Prime (free, have Paramount+ through it too), Hulu (live), Disney (cheap bundle with Hulu), Max (free with AT&T) and Apple (family plan with 2 TBs and Music), I can find a ton to watch and for the variety of reasons, the other services I have are way cheaper via bundles or just free. Netflix cost is probably equivalent to everything else I have except live TV.

Agreed. NFLX will be one of the first things to go in our household.

i posted last night, might’ve gotten scrubbed. i think with this administration in place, it’s best to assume surprises and outside the box moves. if the economy goes recession and people start peeling back, i’ve stated my strategy of buying and holding things people won’t dump, IMO. i like altria, because people will continue to smoke and dip no matter. verizon, because a cell phone won’t ever be given up. those 2 are decently priced and pay nice dividends. they have barely been affected. i also like coca cola, the dividend is a plus and this is a staple with many brands. people aren’t switching to RC. just my .02. oh, bonds are always great. just don’t panic trade. the market always bounces back. just a question of how long it will take.

 

[stbugs]

Nobody on this board is liquid for 6 or 7 figures?

In general time in the market, due to it's irrationality, rather than timing the market, has been shown conclusively to be the highest return potential. Unless someone has 9 figures in their bank account 7 figures in cash sitting and waiting is kinda crazy.

Have you seen what homes sell for around coastal areas of Florida? ...and they typically are not financed

I totally understand what you are saying Sand, you have a valid point however...
When you want to produce a night out at a club, rent the club out, pay the DJs, pay the sound/lights crew, pay the staff, pay the security, pay other associates
They don't take checks or American Express my friend

Do you actually think this forum is made up of multi-millionaires with beach front Miami houses? I’d say we do well above average but the people you are trying to use as an example are in the top 1%, or even 0.1%.

Do you have 6 or 7 figures of cash lying around to pay for your lavish parties?

 

[Sammy3469]

Hmmm. S&P just hit -5%. Not sure why the market didn't halt.

I think its 7% now (and then 13 and 20)

 

[tommyGunZ]

MOP - post your trades so we call all tail you and learn from your wise financial moves!

 

[Sammy3469]

Picked up a chunk of NFLX just now. I was doubting we would ever see it at these prices again.
I want to go back for more but waiting to see if it goes lower.

It’s not nearly as cheap as other “tech” stocks and I wonder if a recession might really hurt it. I have it because I’ve still got 3-4 people in the house but after Stranger Things ends, meh. It’s my most expensive streaming option and if I was in a crunch, I’d drop it. There is always something to watch but it’s definitely not something I could live without like live sports. Between Prime (free, have Paramount+ through it too), Hulu (live), Disney (cheap bundle with Hulu), Max (free with AT&T) and Apple (family plan with 2 TBs and Music), I can find a ton to watch and for the variety of reasons, the other services I have are way cheaper via bundles or just free. Netflix cost is probably equivalent to everything else I have except live TV.

It's also entirely possible that its one of the companies other countries decide to "reciprocate on" since its readily a US company and fairly easy to do (no one is really going to miss it)

 

[McBokonon]

MOP - post your trades so we call all tail you and learn from your wise financial moves!

check them out at www.MOPthoughts.gov.www\MOPthoughts.

 

[Dr_Zaius]

Bought a little more QQQ this morning. Only nibbling but figured might as well.

Yep - I nibbled just a bit.

Add me to the QQQ train. Will add more if we drop some more.

 

[Bossman]

Picked up a chunk of NFLX just now. I was doubting we would ever see it at these prices again.
I want to go back for more but waiting to see if it goes lower.

It’s not nearly as cheap as other “tech” stocks and I wonder if a recession might really hurt it. I have it because I’ve still got 3-4 people in the house but after Stranger Things ends, meh. It’s my most expensive streaming option and if I was in a crunch, I’d drop it. There is always something to watch but it’s definitely not something I could live without like live sports. Between Prime (free, have Paramount+ through it too), Hulu (live), Disney (cheap bundle with Hulu), Max (free with AT&T) and Apple (family plan with 2 TBs and Music), I can find a ton to watch and for the variety of reasons, the other services I have are way cheaper via bundles or just free. Netflix cost is probably equivalent to everything else I have except live TV.

Agreed. NFLX will be one of the first things to go in our household.

I'll assume $7.99 a month for Netflix is cheap enough for most folks.... and it's a crap-ton cheaper than "going out".
Lots of people pay this for one Starbucks Mochachino-Grande ... or one draft pour of a craft IPA.
My theory, if we are in a recession, and if people are holding back on spending, Netflix is where they will turn. Stay home and watch TV.
You could make an argument for just about any product or service taking a hit in a recession. Netflix seems like a safer play than almost everything else.
Netflix is still the #1 streaming service and it is not going anywhere. (in my opinion)

 

[stbugs]

Picked up a chunk of NFLX just now. I was doubting we would ever see it at these prices again.
I want to go back for more but waiting to see if it goes lower.

It’s not nearly as cheap as other “tech” stocks and I wonder if a recession might really hurt it. I have it because I’ve still got 3-4 people in the house but after Stranger Things ends, meh. It’s my most expensive streaming option and if I was in a crunch, I’d drop it. There is always something to watch but it’s definitely not something I could live without like live sports. Between Prime (free, have Paramount+ through it too), Hulu (live), Disney (cheap bundle with Hulu), Max (free with AT&T) and Apple (family plan with 2 TBs and Music), I can find a ton to watch and for the variety of reasons, the other services I have are way cheaper via bundles or just free. Netflix cost is probably equivalent to everything else I have except live TV.

It's also entirely possible that its one of the companies other countries decide to "reciprocate on" since its readily a US company and fairly easy to do (no one is really going to miss it)

Did you mean to quote me? I’m having trouble understanding how Netflix fits in unless you are saying other countries will start taxing Netflix service thus making it way more expensive and more likely foretold to drop service outside of the U.S?

 

[Chemical X]

can someone explain to me the QQQ benefit in a nutshell?

 

[jwb]

Nobody on this board is liquid for 6 or 7 figures?
Nobody around here keeps any cash to be used when buying opportunities simply cannot be missed?
I'm not just talking stocks but a bunch of you brag about all these toys you buy
I find it hard to believe all of you are "fully invested"

I like Real Estate as much or more than stocks so we try and be liquid so we can move on properties as they pop up
Side note: The Baby Boomers pay cash for almost all their home purchases, it impacts Gen Z from buying homes

I drive a used Subaru with almost 100k miles on it
One of the first books I read from the Boards was "The Millionaire Next Door" back in like 2001
I have nothing but love for all of you, don't get upset with my posts, they're not meant to be abrasive

It depends on the accounts too. For my IRA, I buy and sell often as there are no tax events. I started moving to cash in January (I use SPY moving averages to sort of guide my overall feeling on market momentum) and had about 2/3 of the IRA in cash before all this (well, SGOV as Etrade doesn't have a money market for IRAs). But I've started putting it back now, a little at a time. I'm usually more of an index guy, but I've dipped into AMZN and NVDA as they both feel like good longer-term buys, even with more short-term loss possible.

I'm not into full on timing - predicting tops and bottoms is next to impossible, but unless you feel things are going to be bad forever, there's almost no way all-time highs aren't tested again, and fairly quickly too. I know all about early 2000 and how long it took to come back, but this is a different era now. Covid, and then the 2022 interest-rate bear market showed me how fast our fully-connected, stocks-on-your-smartphone world can come back.

 

[Bossman]

Picked up a chunk of NFLX just now. I was doubting we would ever see it at these prices again.
I want to go back for more but waiting to see if it goes lower.

It’s not nearly as cheap as other “tech” stocks and I wonder if a recession might really hurt it. I have it because I’ve still got 3-4 people in the house but after Stranger Things ends, meh. It’s my most expensive streaming option and if I was in a crunch, I’d drop it. There is always something to watch but it’s definitely not something I could live without like live sports. Between Prime (free, have Paramount+ through it too), Hulu (live), Disney (cheap bundle with Hulu), Max (free with AT&T) and Apple (family plan with 2 TBs and Music), I can find a ton to watch and for the variety of reasons, the other services I have are way cheaper via bundles or just free. Netflix cost is probably equivalent to everything else I have except live TV.

It's also entirely possible that its one of the companies other countries decide to "reciprocate on" since its readily a US company and fairly easy to do (no one is really going to miss it)

Did you mean to quote me? I’m having trouble understanding how Netflix fits in unless you are saying other countries will start taxing Netflix service thus making it way more expensive and more likely foretold to drop service outside of the U.S?

Sorry, seems like you may have quoted the wrong post and got your chocolate in my peanut butter

 

[Ministry of Pain]

"Fully Invested" not sure what that means

all available cash is invested. He's saying not everyone has cash to spend, since we've had these buying opportunities since January.
I feel lucky that I can buy buy buy - but not everyone can. They're just getting buried in a hole that will take time to crawl out of,

Let me share and would you hold the mic a minute, thanks!

-We work in a non profit that puts in 5% of folks salary no matter what they do - Every single employee
They will match you dollar for dollar up to another 5%
You put in 5% and you are working with 15% or you get 2:1 on your money...that's pretty much bullet proof for whatever happens in these IRA/401K, etc...
But then we walk around at events and talk to people who openly say they do not contribute to their retirement accounts because they can't afford it
I do not believe them, they all make pretty decent salaries

I have little to no tolerance for folks that have a Starbucks in their hand and an Apple iPhone in their other hand but they are "fully invested"
"I can't afford to invest" and my response is how can you afford not to?

Financial Illiteracy which I have posted about many times on this board and been told to get a blog from folks like you is part of the problem
Most average Americans have no idea how the Rule of 72 and compound interest works.
You can have the mic back, thank you!

I have no idea what your point is. Fully invested to me is someone who has a 401k and other investment accounts but there is no cash in those accounts to invest because all the money is already invested. They’d have to sell stocks to then buy more stocks.

You seem to be wanting to equate fully invested to I can’t afford to invest. I agree with you there that if you can’t put away enough to get your free match in 401k because of luxury purchases, then you have an issue and you likely won’t ever have enough to retire.

That's exactly what i'm talking about, at least half and perhaps more of our staff at work chooses not to take the "free money"
With that in mind, I find it hard to believe that folks are "fully invested"
I think that's code for living pay check to pay check but not everyone who does that makes the best choices
My son just bought a Kia EV6 and he's 25 years old, payment is about $700 a month, we had to have a discussion and there's a good reason he did this but it's still a DEBT not an asset
My wife and I don't spend $700 a month on car payments

Interesting stat for those playing at home
@Keerock has a grocery cart thread and 98% of all FBGs minus MoP of course returns their grocery shopping carts to their rightful place


I'm just saying that the avg FBG IMHO stretches the truth a bit round here
I however never lie and proved it in that thread

Appreciate the post Bugs

 

[BassNBrew]

Fighting and clawing. I was down 8% at one point today. Went stupid with the keep doubling down theory on SOXL and a quick 15% gain has cut my losses in half (along with a general small bounce).

 

[stbugs]

Picked up a chunk of NFLX just now. I was doubting we would ever see it at these prices again.
I want to go back for more but waiting to see if it goes lower.

It’s not nearly as cheap as other “tech” stocks and I wonder if a recession might really hurt it. I have it because I’ve still got 3-4 people in the house but after Stranger Things ends, meh. It’s my most expensive streaming option and if I was in a crunch, I’d drop it. There is always something to watch but it’s definitely not something I could live without like live sports. Between Prime (free, have Paramount+ through it too), Hulu (live), Disney (cheap bundle with Hulu), Max (free with AT&T) and Apple (family plan with 2 TBs and Music), I can find a ton to watch and for the variety of reasons, the other services I have are way cheaper via bundles or just free. Netflix cost is probably equivalent to everything else I have except live TV.

Agreed. NFLX will be one of the first things to go in our household.

I'll assume $7.99 a month for Netflix is cheap enough for most folks.... and it's a crap-ton cheaper than "going out".
Lots of people pay this for one Starbucks Mochachino-Grande ... or one draft pour of a craft IPA.
My theory, if we are in a recession, and if people are holding back on spending, Netflix is where they will turn. Stay home and watch TV.
You could make an argument for just about any product or service taking a hit in a recession. Netflix seems like a safer play than almost everything else.
Netflix is still the #1 streaming service and it is not going anywhere. (in my opinion)

Lots of caveats with $7.99. Some shows/movies are not available. Not 4K. Only 2 devices and can’t add another member.

Speaking of members, I didn’t know that was an option. I may have to explore that for my oldest son and my parents. Looks like $8.99 per month, much cheaper than $25 a month for separate 4K no ad service.