Investing Strategies. What is your move?
- Thread starter PimTac
- Start date
If the market rockets up another 700 points, I am divesting 50% of my investment deposits.
...they are spending another 40B......
The ARM started towards the end of the Malaise era. In that respect it was a bit of a bet that interest rates would drop and they did. If you have a normal fixed rate mortgage at a decent rate you just hung onto it.
That’s the key. Investing in solid companies and those that stand up better in tougher times will get you through in general. Everyone wants the next Tesla or some other tech flash in the pan but companies like Proctor and Gamble are tried and true.
Which is excellent if you own stocks making rockets!
I paid off my home in large by refinancing many times to take advantage of the teaser rate allowing me to spend less on interest and more on principal. Sometimes I refied within a few months. It was all about minizing interest expense.
There are always exceptions. Would you recommend a ARM to someone purchasing a home at this time?
No surprise here. Reports earlier this week that the April CPI report would show that inflation has peaked were nothing but fake speculation. Inflation continues to climb.
Dewey Wins!!!!!
https://www.cnbc.com/2022/05/11/cpi-april-2022.html
Dewey Wins!!!!!
https://www.cnbc.com/2022/05/11/cpi-april-2022.html
It is self evident that inflation is running wild and is far higher than a tick over an 8% annual rate. Furthermore, it is also self evident that prices are not going down, anywhere, on any items or services. Again, my food bills are double, as are my fuel bills. I've not had a raise in a decade.
Tesla getting slammed today, China sales down 98% in April.
Maybe time to buy if you like the company, must be close to down 50% from its 52 week high.
I would just be concerned that Elon Musk is now such a public figure, throw in this Twitter deal that might start getting bad press because questions are starting to arise about funding the Twitter purchase if Tesla stock price keeps going down.
I’m not in any way saying Tesla is a bad company I’m just saying negative press right now, it’s like a pendulum everything went from great in the media and might swing into the negative column for a while but who knows. The media can be vicious always looking for a news story.
As of right now Tesla seems to have some support around 740
Maybe time to buy if you like the company, must be close to down 50% from its 52 week high.
I would just be concerned that Elon Musk is now such a public figure, throw in this Twitter deal that might start getting bad press because questions are starting to arise about funding the Twitter purchase if Tesla stock price keeps going down.
I’m not in any way saying Tesla is a bad company I’m just saying negative press right now, it’s like a pendulum everything went from great in the media and might swing into the negative column for a while but who knows. The media can be vicious always looking for a news story.
As of right now Tesla seems to have some support around 740
I cannot think of anything that has gone up just 8%. One example is a 32oz block of cheese that I buy. It was $5.99 around a year and a half ago. It is now $7.49. Pretty much everything has gone up.
Real number is over 20% but all big media news are puppets talking prepackaged and scripted headlines….
I would look at the whole scenario. There are so many different loans, both fixed and variable.
My goal was to minimize interest expense to more quickly pay off the property.
I always exceeded the payment and refied again when it made sense. Even if the variable exceeds a fixed after 3 or 5 years, you are far ahead of the game. We will see rate increases for another year or 2, who knows? Afterwards we should see these incredibly low rates again. People will demand it.
Of course, my strategy requires fiscal discipline; make that extra payment.
Full transparancy, I have not mortgage shopped in years.
I really, really liked Tesla but sold everything back in Nov - Dec because I felt things will get bad and Realized Gains are much better than Unrealized Gains that can go up in smoke very quickly. Sometimes you just have to cash out and be on the sidelines.
I don’t care about paying the taxes on my Tesla gains.
I‘m warning people to take any and all profits NOW !!!!
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I’m still long hauling it with WMT, WFC, TMUS
Mostly because I own these stocks for not so great times, meaning I don’t expect to take a bath
Sure I missed out on some big moves by other companies but that doesn’t bother me I’m just looking for good solid returns which I have been pretty much getting even during the turmoil in the last couple years.
It’s not going to make me rich by any means but all I’m doing is preserving. I have other investments unrelated to Wall Street but granted a number of funds in some IRAs.
I’m kind of past the point of needing money if that makes any sense, sure would be great to have more and really hit it big.
Mostly because I own these stocks for not so great times, meaning I don’t expect to take a bath
Sure I missed out on some big moves by other companies but that doesn’t bother me I’m just looking for good solid returns which I have been pretty much getting even during the turmoil in the last couple years.
It’s not going to make me rich by any means but all I’m doing is preserving. I have other investments unrelated to Wall Street but granted a number of funds in some IRAs.
I’m kind of past the point of needing money if that makes any sense, sure would be great to have more and really hit it big.
That is a unique look at it. In my opinion rates are normalizing. A 5 or 6% rate is not high but if you haven’t lived long then these rates will seem high. In a way higher rates could be helpful for the real estate markets in the long run. They are frothy right now. If the higher rates hold for a while it should slow buying and hopefully get prices lower though who really knows?
You and I may understand financial discipline but most people do not.
I used to be a homeless drunk going nowhere fast. I never wanna be that person again.
Any fiscal discipline I have is bought and paid for.
I cannot understand millions of dollars but I know what not having $2 is like. And knowing I have 1 person to blame.
I lived a frugal life on a decent salary to have money to invest. I was fortunate to start investing right at the early-mid part of the 80’s. Time and discipline did the rest.
In my case, I got on with a Semiconductor Manufacturing Company that was just post startup. I coded a business forecast that included operations and cost, both forecast and actual. Every year I got golden handcuffs. Many others got stock as well; there were more drop dead gorgeous shiny German cars in the parking lot than you can imagine. Man did I lust at the BMWs and Porsches! The speciality Benzes... I drove used Toyota Pickups and put evey penny into my mortgage.
Always maxed out 401K, etc.
The company put me through San Jose State with a major in High Tech Business, Minor In Economics and Computer Science. I graduated at 40 because of my "misspent youth". But I made it and my degree is on of my most prized posessions.
Now I can buy any car I want; more importantly I can help family and friends.
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Flip side, plenty of fresh food here still on semi-regular sales at prices that were common pre-2019, so relatively little inflation on specific items. Not by any means denying inflation but lots of variability item by item. Personally, I can't attest to be spending anywhere near double 3 years ago either on food.
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