Stock Market is the bottom in?
- Thread starter Peplin Creek
- Start date
Tree Spud
5 year old buck +
Exactly!
roymunson
5 year old buck +
I'm admittedly not an advanced economist, however, I don't see anything deflating. If anything, based on all the fake money they've pumped into the system in the last year, i'd think hyper inflation is more likely.
SD51555
5 year old buck +
I fancy myself quite the economist, and I don't have any idea which way it's going to go. If the pump keeps pumping, I think you're 100% right. The median home price will be $500,000, a stock F-150 will be $100,000, and hamburger will be $12/lb while the feedlots go broke. If they don't pump, I could see it all coming down. Debts go bad, assets deflate, consumption grinds to a halt.
If anyone has a line of what the fed and federal government will do next, I can help fill in the blanks. I got no skills when it comes to government action forecasting though.
Telemark
5 year old buck +
Well deer season is over for me, so it's time to work on the portfolio.
Just got out of Tesla and Amazon. Moved most of it to AT&T and Apple. I'm done with most of the Corona related stuff. ANGI, Netflix, etc. Moved that mostly into gold.
Boeing is in trouble again, so I will probably get more into that in the coming week.
Marathon oil is up, but I think it will go even firther, so I'm holding it.
With interest rates down, I'm looking at borrowing money to buy more real estate. Otherwise I might met everything rest for a while.
Just got out of Tesla and Amazon. Moved most of it to AT&T and Apple. I'm done with most of the Corona related stuff. ANGI, Netflix, etc. Moved that mostly into gold.
Boeing is in trouble again, so I will probably get more into that in the coming week.
Marathon oil is up, but I think it will go even firther, so I'm holding it.
With interest rates down, I'm looking at borrowing money to buy more real estate. Otherwise I might met everything rest for a while.
S.T.Fanatic
5 year old buck +
Interest rates may be down but the prices houses are going for is just plain insane. I'm glad I bought my house after the bubble burst. It IS going to happen again. That would be a hard pass for me.
Telemark
5 year old buck +
Prices are up but still giving a 15-20% net annual return. And I'm banking on inflation eating into my loan over the next few years.
bwoods11
5 year old buck +
My top picks have been Apple,, Mondo DB, Duluth Trading, and Pinterest since the March lows. I sold Mongo DB (unfortunately too soon) and put that into JP Morgan. Also bought a few more low PE stocks, as I think the tech high flyers will fizzle once Biden gets in and consumer confidence drops.
My worst stock pick has been MMM, I bought it a bit too high and has not done much. I do like it long term and it pays a nice dividend. Also high on Valero Energy as that is paying around 7% divy.
My worst stock pick has been MMM, I bought it a bit too high and has not done much. I do like it long term and it pays a nice dividend. Also high on Valero Energy as that is paying around 7% divy.
Bowsnbucks
5 year old buck +
Extremely low-cost index funds here, plus a couple actively managed funds with very low costs. Been in the market for 40 years. I've been a Bogle-follower, as well as Buffet. I love LOW costs!! I've never been a trader .......... and won't be. Dollar-cost averaging all my life, with larger inputs when markets tank / crash. When people are running for the exits, I come in with cash. Ride out the swings - collect the divs & int.
Telemark
5 year old buck +
Nope. I don't understand or trust that stuff.
SD51555
5 year old buck +
Don't know anything about crypto. Don't plan to either. Seems like another tulip mania.
chummer
5 year old buck +
I had my year end meeting with my financial planner today. I work with him and we are somewhat friends so I can bust his balls pretty good. He manages all of my wife’s money and a small part of mine, I manage the rest through him. My wife was up 13% for the year and I was up 72%. I made him eat some serious crow. I know for most years 13% is great but there was real money to be made this year and his ultra conservative approach didn’t pay off. We have had a tremendous 4 years but dont see any way Biden doesn’t f it up. I just bought a large position (for me), of DMTK. Time to hit some home runs. Take a look if you want a high risk high reward stock. I think they will be huge and take a big step towards ending skin cancer deaths. Cancer has become my hot bottom so I am starting to back companies that tell it to F-off.
yoderjac
5 year old buck +
Hoytvectrix
5 year old buck +
My girlfriend's brother isn't in his mid-30s yet and is a millionaire several times over all because of bitcoin. He originally got in early, and then created businesses around it. His position is stronger than it's ever been from an investment standpoint. He doesn't push it too hard to me, but to my girlfriend he is practically begging her to be buying more.
I don't understand it myself nor do I see it being used as anything other than an investment vehicle. I agree with SD and think of it as modern day tulip bulb boom. I can't really argue with him being right about it multiple times over though.
I don't understand it myself nor do I see it being used as anything other than an investment vehicle. I agree with SD and think of it as modern day tulip bulb boom. I can't really argue with him being right about it multiple times over though.
SD51555
5 year old buck +
There were many fortunes made in stuff that has eventually gone under. That requires knowing when to hop off. Enron, Tyco, GE, GM, AIG, countless MLPs, etc. I've never been able to tell when to hop off. I've seen talk of bitcoin $250,000 as the dollar withers away to nothing. How to do it? I have no idea. Peter Schiff has a podcast where he's been talking almost exclusively about bitcoin lately. He's a gold bug, so this bitcoin stuff really gets under his skin. He's also a believer in market forces, and that has been a losing strategy for a long time when the fed is standing there ready with an unlimited supply of 1's and 0's on a keyboard to hold up a market.
S.T.Fanatic
5 year old buck +
I see bit coin as a gateway to go back to the gold standard. If it doesn’t, well.....you can’t wipe your ass with numbers on a computer screen.
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bwoods11
5 year old buck +
The Twins (Winklevoss) that Zuckerberg screwed out of Facebook are big into Bitcoin and swear by it. I will pass, I see it crashing if things get bad , we will see.
