stock market

[alarmguy]

So how much do you have invested in it now?

No one can determine anything about the stock market. Just when you think you know which way it's going to go, it does the opposite.

Crypto doesn't seem to have any controls on it. You can buy on margin at crazy high amounts, like 10 to 1. That's what brought the roaring 1920's to a halt. People used margin at 10 to 1 so that if the market dropped 10%, you got completely wiped out. Now it's just down to 50%. No such controls on crypto as those exchanges are in other countries that don't have any control over them.

Yeah, dont fight the market and I dont fight crypto currency.
Im good with no controls on crypto, actually its why it exists, governments can not interfere, with that said they can interfere as far as allowing exchanges on their soil but there is plenty of soil in the world.

I am in agreement that its pure speculation and backed by nothing and Im ok with that too, which takes me back to dont fight the market.
There is a market for it, high risk/reward as with anything speculative and its made many people rich at a time where governments are destroying the value of the peoples own currency. I dont know, when I think about it, its all a shell game, in the meantime crypto IS gaining acceptance, very slowly but surely, mainstream PayPal now involved with it.

There is some crypto with some standing such as XRP, Been doing nothing for years, could have been bought for 10 cents, I dont see anything wrong for someone who took some speculation money and bought it based on what it is used for which is to speed up international money transfers between HUGE financial companies ... and I quote "including American Express, Bank of America Merrill Lynch, HSBC, Barclays, Royal Bank of Scotland, Santander, Unicredit and MoneyGram" https://currency.com/what-is-ripple-xrp

If you did, depending on the month and year, you could have sold it for 10+ times its value, you could have also bought it late in the game, lost everything when it went down 10 times in value only to regain back later on.

Anyway, just saying... hey, as a free people, investing is our choice and sometimes valid reasons too when its not apparent?
Just babbling away this morning, ...

 

[Wolf359]

With the instability in the world it might not even matter in the end.

Well in the end, you have the heat death of the universe. But we'll probably be long gone before then.

https://en.wikipedia.org/wiki/Heat_death_of_the_universe

 

[Warstud]

Has anyone been buying any beaten up Chinese Stocks ?

 

[Dave Hess]

A year ago I bought some Nio.

Nio won’t be the next Tesla.... but it has some future potiential.

 

[Wolf359]

Anybody else doing as well as this guy? He turned 70k from 1989 into $264.4 million by 2018. Although he says he's underperformed the S&P since 2013. I guess if he had put it in the S&P 500 at the start of 2019, he'd be up over $452 million.

https://www.washingtonpost.com/business/2021/08/27/retirement-fund-millionaire/

https://dqydj.com/sp-500-periodic-reinvestment-calculator-dividends/

 

[dareo]

Everything because there's really no good investments anymore, and sitting on money is crazy in this environment. I have a long horizon, but even then I honestly don't care anymore. With the instability in the world it might not even matter in the end.

Sometimes the best trade is not trading. I want to keep cash on the sideline but i keep buying the little dips. One of these days i will miss out on a really good dip and just be staring at what could have been.

 

[dblshock]

Eying SPXU again...meantime BTC, ETH. SOL, ADA, DOT and a splash of DOGE is what I'm going with.

 

[Zee09]

Dumped VLO I got cheap last week at $59 and sold for mid $67....
If it goes back I am a buyer.

I got fat...lol on NAKD when it tanked to 50 cents. Dumped it at .78..

But I am nervous these days and watch them intensely.

 

[Warstud]

A year ago I bought some Nio.

Nio won’t be the next Tesla.... but it has some future potiential.

I meant stocks like BABA, BIDU, JD and educational stocks

 

[PandaBear]

Personally I would rather people speculate on crypto than on oil, orange juice, aluminum, copper, real estate, corn, etc. Goldman Sachs were caught once speculating aluminum, hauling them between depots to avoid maximum storage time, and halted traffics in and out that impact real world productivity in beverage companies.

At least the worst crypto did was wasting electricity and people cannot buy GPU for gaming.

 

[Dave Hess]

Panda,

The prices of any and everything can be manipulated.


https://www.cnbc.com/2020/09/29/jp-...-lawsuit-alleging-fraud-in-metals-trades.html

https://www.bloomberg.com/news/arti...hat-showed-how-easy-it-is-to-manipulate-price

.

 

[Jimmy_Russells]

I meant stocks like BABA, BIDU, JD and educational stocks

My wife and I have an advisor for the bulk of our retirement savings and he has bumped us up to 10% emerging markets (mostly China) for at least the next year, usually it is 5%.

I also have a small account I play around with for fun, I almost bought BABA a couple weeks ago but decided to go with V and PINS instead for now. I won't lie in that I have a hard time putting money into China, it just doesn't feel right.

 

[Pablo]

I don't care. I will not invest in China. We all have our limits. Scruples. Morals.

 

[Zee09]

I don't care. I will not invest in China. We all have our limits. Scruples. Morals.

Right on.

 

[PandaBear]

Panda,

The prices of any and everything can be manipulated.


https://www.cnbc.com/2020/09/29/jp-...-lawsuit-alleging-fraud-in-metals-trades.html

https://www.bloomberg.com/news/arti...hat-showed-how-easy-it-is-to-manipulate-price

.

Not can be, they are.

 

[Wolf359]

My wife and I have an advisor for the bulk of our retirement savings and he has bumped us up to 10% emerging markets (mostly China) for at least the next year, usually it is 5%.

I suppose maybe it will eventually be time for international to pop. Got rid of all international exposure years ago as the US stock market has outperformed it for years.

I don't care. I will not invest in China. We all have our limits. Scruples. Morals.

Not to mention how with just a few words/decrees, China can easily destroy various stocks so that they have no value.

 

[Dave Hess]

Wolf,

I agree its not a good idea to be in international funds.

 

[dareo]

Wolf,

I agree its not a good idea to be in international funds.

China is a no. I would leave the door open to european stocks. They trade at much more attractive P/E ratios than USA. I personally do not buy much at all outside the USA, mostly because i know little about it.

 

[Jimmy_Russells]

It's funny how strategies differ so much depending on your home base. Up here the normal distribution is something like 30-35% Canada, 45-50% US, 20% international. Then add bonds at whatever percentage based on your timeline.

S&P performed really well the last decade but quite poorly the decade before that. So I still think diversifying more is not a bad plan.

 

[Doc8404]

I’ve been hearing a lot about Roth 401(k) versus traditional 401(k). My wife and I are in our 40s and have been doing the traditional 401(k).

Even Dave Ramsey the other day encouraged people to use the Roth 401K. Said it was a no brainer for most people.

However, I used three different calculators today and all three said in the long run the traditional 401(k) would be better for us.

anyone explore or shift to Roth 401k?

we also do a Roth IRA each year