Brian662
5 year old buck +
Any data on what percentage of homeowners cashed in on that?
You think that's what the economy has been surviving on? I don't personally know anyone who did such a thing.
Stock Market is the bottom in?
- Thread starter Peplin Creek
- Start date
You think that's what the economy has been surviving on? I don't personally know anyone who did such a thing.
Personally, I would never take a cash out refi, no matter how much my lender suggests it. Our home mortgage is the one thing I'll never take a chance on screwing up. Can't afford to make the monthly any higher, or extend the payoff date if I ever want to retire.
Credit cards or loans I can just stop paying when it all gets too deep. The mortgage I don't mess with.
Did you know, for someone with high interest credit cards and loans, it's cheaper once you've run them up to the limit, to default on them than to pay the minimums. The late fees and court costs when they finally try to collect are much less than the interest you avoid. Don't ask me how I know.
On a side note, my wife is an expert at turning Ramen into a masterpiece. She makes a Mongolian beef Ramen that's to die for!
Credit cards or loans I can just stop paying when it all gets too deep. The mortgage I don't mess with.
Did you know, for someone with high interest credit cards and loans, it's cheaper once you've run them up to the limit, to default on them than to pay the minimums. The late fees and court costs when they finally try to collect are much less than the interest you avoid. Don't ask me how I know.
On a side note, my wife is an expert at turning Ramen into a masterpiece. She makes a Mongolian beef Ramen that's to die for!
jsasker007
5 year old buck +
TELLurian is climbing pretty steady the last week or two. Still under 60 cents with a price target of $3. LNG making a comeback. I'm liking it with my average price at $.46 cents.
SD51555
5 year old buck +
I started throwing a little gypsum in a couple Sprott metals funds. One is gold/silver, one is platinum/palladium. The gold silver one is doing really well for less than 3 months in. The other is also doing well, but not as good as CEF.
I also bought some Morgan Stanley at its 52-week high. For some reason, I had a hunch the biggest banks are gonna have a big run. I have no rationale behind that, but if I’m gonna buy overpriced crap, I want the guys that have their guys running the government agencies and private central banks.
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I also bought some Morgan Stanley at its 52-week high. For some reason, I had a hunch the biggest banks are gonna have a big run. I have no rationale behind that, but if I’m gonna buy overpriced crap, I want the guys that have their guys running the government agencies and private central banks.
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Native Hunter
5 year old buck +
Glad I held on to my NVDA instead of selling it:
hunts_with_stick
5 year old buck +
I’m hoping another down day to make some buys. Right now everything seems high. Must be the fantastic economy 
Angus 1895
5 year old buck +
I’m thinking Nividia will pull chips as a whole higher!
SD51555
5 year old buck +
That is the gift that just keeps on giving. Unreal their run.
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Native Hunter
5 year old buck +
Yes, and they are taking Dell with them now. This is partially because of how the CEOs are tight, and Huang mentioned this at the annual meeting this year. I bought some Dell right after I heard about that.
SD51555
5 year old buck +
Interesting fed chatter this morning. First I’ve heard of no cuts and now the fed raising more into 2025.
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Bloomberg - Are you a robot?
www.bloomberg.com
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jsasker007
5 year old buck +
A different president may put pressure on to go the other way. jmo
BuckSutherland
5 year old buck +
I might be the only one in the room rooting for rate increases. I would be very happy if we could go up another 2-3%. I'm sitting on a sizable pile that would benefit greatly from higher interest rates. Not to mention the buying opportunities that it would likely generate . The only debt the wife and I carry is the house mortgage and that is locked in at 2.5% with 12 years to go. We could write a check for it tomorrow if we had to. I have the credit card companies paying me, and I am collecting more interest from the bank than they are collecting from me. If I wasn't such a pansy I would have put more into the market the last 5 years and probably been able to retire by 50. As bad as it would suck for the rest of the country to see higher rates it would be good for some.
Foggy47
5 year old buck +
I think there are lots of retired folks that live on interest income or other interest sensitive investments. Also lots of pension and insurance companies that invest in bonds, etc. which can smooth out their performance.
I currently have a sizable cash cushion too....as a result of high market multiples and building cash while waiting on the inevitable downturn that has yet to happen. We don't make very risky investments these days.....as my planner stays within the lines of mostly stogy (and somewhat predictable) investments. Tho I've got a few multi-bagger stocks over the years.
jsasker007
5 year old buck +
To verify that's true I'll need the name of your bank and account number. Just to be sure.
jsasker007
5 year old buck +
I'm hoping they do.
hunts_with_stick
5 year old buck +
Same here, been putting money into 1 mos cds waiting for what I feel is a good time to buy. Doing a little buying here and there.
You’re killing me. I’m negotiating on a dream tract of land that’s about 20% bigger than I “need” and my trusted investment gurus are all talking about stockpiling cash. Uggh!!!
T-Max
5 year old buck +
Get the land.
You can’t hunt and fish or drive around on a stock. 
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Howboutthemdawgs
5 year old buck +
Hey if makes you feel any better I have no cash but I have more land than I can hunt!
