Talking stocks, trading, and investing in general

[PhilKenSebben]

Isn't the goal to have the market depressed during one's accumulation phase?

I'm telling myself the economic cycle will launch us into retirement with the opposite of SORR.

I hope so because that is the only silver lining I see here

 

[Piobaire]

Is that I-bond for 30k a person or per couple? 60k per year for the next few years don't sound like a bad plan for someone in my stage of life given the markets.

Edit: per person but only when the CPI is over 3.5%.

Warner, Fischer Introduce Bipartisan Legislation to Help Americans Protect Their Savings from Inflation

WASHINGTON – U.S. Sens. Mark R. Warner (D-VA) and Deb Fischer (R-Neb.) today introduced the Savings Security Act. The legislation would help the American people protect their savings from changes in inflation by increasing the public’s ability to utilize I Bonds, a type of savings bond created...

www.warner.senate.gov

 

[jbarwick]

Ouch

 

[Texasmade]

Ouch

Good thing 2022 isn't done yet. We still have another quarter to beat 1931's nominal -31%

 

[Hombre Secreto]

Ouch

This is where fortunes are made! Good luck, gentleman.

 

[Texasmade]

This is where fortunes are made! Good luck, gentleman.

From 2008-2010, I put almost every $ I could into the stock market. Like I drove a beat up car, never traveled anywhere for vacations, never bought anything other than some shoes.

Turned out to be a good LT decision because by 2013 when I needed a down payment for my house I had more than enough to cover it.

 

[jbarwick]

That post made me throw some money into the market.

I have been with family this week and the topics of money have come up. I don't share anything too personal but some are in debt up to their eyeballs. One guy sold cars at GM, bought a 3yr old Escalade, then was laid off. Another had to cash out "a big portion" of retirement savings to fund a $6K medical bill. It's wild what some people do or the burn rates they have to clearly keep up with the flyover country Joneses.

 

[HRoi]

I doubled down on large caps this year, but mistimed it. Should have done it today, not in Q2. Oh wells.

 

[Omega Male]

Put a bunch of money into short duration bonds last year because we were tired of getting no yield on our cash. Charitably, that was not a great decision.

 

[double00]

China tells state banks to prepare for a massive dollar dump and yuan buying spree as Beijing's prior interventions have failed to stem its currency's worst year since 1994

The amount of dollars to be sold hasn't been decided yet, but Reuters said it will primarily involve state banks' currency reserves.

www.yahoo.com

Japan and Korea have dumped billions of dollars defending the yen and the won against the strong US currency

Japan last week spent up to $19.35 billion to prop up its currency against the dollar but the greenback has nearly gained back its lost ground.

www.yahoo.com

 

[Piobaire]

Will be eligible for the 401(k) at the new gig in late October. Guess who's contributing 100% of his pay. It's only 26k but every bit helps under Bidenflation.

 

[Piobaire]

I just wish they had a link so I could sub her podcast.

 

[Omega Male]

She should tell them to buy Bored Apes.

NFT Trading Volumes Collapse 97% From January Peak

Trading volumes in nonfungible tokens -- digital art and collectibles recorded on blockchains -- have tumbled 97% from a record high in January this year. They slid to just $466 million in September from $17 billion at the start of 2022, according to data from Dune Analytics. The fading NFT...

www.bloomberg.com

 

[double00]

The Fund That Helped Investors Bet Against Cathie Wood Is Taking on Jim Cramer

New ETF plans to provide the inverse performance of investments recommended by CNBC’s Cramer.

www.bloomberg.com

 

[Omega Male]

Employment remains stubbornly high. Fed smash.