Investing Strategies. What is your move?

[PimTac]

UPDATE 2-Microsoft to cut thousands of jobs - Sky News

Microsoft Corp plans to cut about 5% of its workforce, or about 11,000 roles, U.K broadcaster Sky News reported on Tuesday, citing sources. The reported layoffs would be the latest in the U.S. technology sector, where companies including Amazon.com Inc and Meta Platforms Inc have announced...

finance.yahoo.com

More big tech layoffs.

11,000 jobs is a big number.

 

[PimTac]

Google to lay off 12,000. Silicon Valley is shuddering with all these layoffs.

Google to lay off 12,000 people — read the memo CEO Sundar Pichai sent to staff

Sundar Pichai, Google's CEO, said in an email sent round the company's staff Friday that the firm will lay off 12,000 employees.

www.cnbc.com

 

[Pablo]

Companies discovering they don't need tens of thousands of people who do..................nothing.

 

[pbm]

I keep getting e-mails that 401Ks/ IRAs will be confiscated to pay off the debt. I usually don't open them because they often come from companies selling gold. Is this really a possibility?

 

[Pablo]

I keep getting e-mails that 401Ks/ IRAs will be confiscated to pay off the debt. I usually don't open them because they often come from companies selling gold. Is this really a possibility?

No.
It's a scare tactic.

BUT It is based on reality.

Early in the Obama admin a couple nutty communists proposed it.

Absolute political suicide. That will happen when they get the votes. Not quite there yet.

 

[PimTac]

No.
It's a scare tactic.

BUT It is based on reality.

Early in the Obama admin a couple nutty communists proposed it.

Absolute political suicide. That will happen when they get the votes. Not quite there yet.

“You will own nothing.” That might include your own retirement plan.

But we are not yet there as you said. Meanwhile in a snowy part of Europe…..

 

[PimTac]

The Fed raised rates by 25 basis point today and says further rate increases are still in the works.

I don’t know about everyone else but gasoline prices have been headed back up. We saw a 20¢ increase just this past week. Food prices are continuing to go up as well. Utilities are raising rates too.

 

[ZeeOSix]

Google to lay off 12,000. Silicon Valley is shuddering with all these layoffs.

There are over 11 million job openings ... I'd think most laid-off people should be able to find some kind other work. Still a work force shortage, but people don't seem to want to work anymore, lol.

 

[PimTac]

Yea it’s funny

 

[ZeeOSix]

I keep getting e-mails that 401Ks/ IRAs will be confiscated to pay off the debt. I usually don't open them because they often come from companies selling gold. Is this really a possibility?

Do that with 401s/IRAs etc, and cut SS/Medicare, etc and watch how the economy does ... lots of people won't be buying anything but the bare minimum if that ironic move happens. I'm sure there are plenty of wasteful spending that can be cut way before things that help keep people alive.

 

[PimTac]

I keep getting e-mails that 401Ks/ IRAs will be confiscated to pay off the debt. I usually don't open them because they often come from companies selling gold. Is this really a possibility?

No.
It's a scare tactic.

BUT It is based on reality.

Early in the Obama admin a couple nutty communists proposed it.

Absolute political suicide. That will happen when they get the votes. Not quite there yet.

If they try to do it you would see the biggest crash in stock market history. Throw in bank runs as people panic. This wouldn’t be limited to the US either.

Then there would be this.

 

[PimTac]

In my quarterly report from American Century today I saw some info on a new ETF from Avantis which is AC’s latest division. The ticker is AVGE. It’s a Total World Market holding. What is interesting is that it is a one stop shop so to speak in that this ETF invests in other Avantis ETFs this covering the world market. A interesting idea.

Avantis All Equity Markets ETF

Explore AVGE for FREE on ETFdb.com: Price, Holdings, Charts, Technicals, Fact Sheet, News, and more.

etfdb.com

 

[PimTac]

Yahoo to lay off more than 20% of their workforce.

The last person to leave Silicon Valley please turn off the lights.

https://www.newsmax.com/finance/streettalk/yahoo-layoffs/2023/02/09/id/1108013/

 

[Pablo]

AOL parent laying people off, but that's no surprise - which I thought related to Yahoo, as both owned by Apollo

With the historic job creation I can't keep up..................

 

[PimTac]

AOL parent laying people off, but that's no surprise - which I thought related to Yahoo, as both owned by Apollo

With the historic job creation I can't keep up..................

I didn’t know AOL was still around.

 

[GON]

I didn’t know AOL was still around.

I thought Verizon had purchased AOL some years back, as it was the only player left, and VRZN was late to the dance.

 

[Pablo]

I didn’t know AOL was still around.

AOL doesn't know that either. They are owned by Apollo group, which did indeed lay off 10-15%

 

[PimTac]

Fed Chair Jerome Powell spills the beans. Rates are going higher and rate increases may have to be accelerated.

But everything is fine, just fine.

Fed Chair Powell says interest rates are 'likely to be higher' than previously anticipated

Citing earlier data showing that inflation has reversed the deceleration in late 2022, Powell warned of tighter monetary policy ahead.

www.cnbc.com

 

[Pablo]

All based on magic growth.

 

[Dave Hess]

Fed Chair Jerome Powell spills the beans. Rates are going higher and rate increases may have to be accelerated.

But everything is fine, just fine.

Fed Chair Powell says interest rates are 'likely to be higher' than previously anticipated

Citing earlier data showing that inflation has reversed the deceleration in late 2022, Powell warned of tighter monetary policy ahead.

www.cnbc.com

Besides rate hikes, what else can be done to fight inflation ?