stock market
- Thread starter Oildudeny
- Start date
If I learned one thing from this pandemic, it's that everything is upside down. Who would have predicted the upswing we have been having?
IMO, and it's just a guess at that, it may not impact the markets at all. My thinking is: the markets swung upward because it was the lowest wage earners that were taking it on the nose. They made the least and spent the least. There may be an impact but my guess, as long as the rank and file keep spending their money, the market might not care one whit.
You don't think they already have? It would make things better. Getting rid of non paying deadbeats is always good for the bottom line.
I have a theory about why so many jobs are just sitting open.
If a person doesn't have to pay rent, well suddenly living is a bit easier. If rent is required.......
Point being, some people will start paying rent again.
Old news to most REITs though. Non-payer % approached 0% quite quickly already. A least on my REITs. Time to buy of course was early last year and I did.
What I learn in this pandemic is interest rate doesn't do much in real life, and stimulus / trickle down / bottom up also doesn't mean much. The only thing I can think of is this lockdown has proven to many that commuting over long distance is overrated, and many would take a paycut to not grind a long commute, and many would rather do gig economy than going back to their old jobs that have no stability, and of course, the house always wins.
For now I would still bet my money on things that will automate away the manual labor and "disrupt" the old money / monopoly in existing industries. I'm confident that mom and pop anything will no longer be depending on local foot traffic but rather have to go online and specialize across at least a whole nation to survive and thrive. I'm also confident that many dividend stocks will eventually get disrupted away and collapse like GE and PG&E.
Eviction will happen, but likely in more of an "settlement" kind of setting than having police throw out everyone from their home, or they will eventually get absorbed into some sort of section 8 program short term, until it becomes "someone else's problem". No politicians like to handle real problems, so it may get kicked down the hall indefinitely until the cost sunset into inflation.
For now I would still bet my money on things that will automate away the manual labor and "disrupt" the old money / monopoly in existing industries. I'm confident that mom and pop anything will no longer be depending on local foot traffic but rather have to go online and specialize across at least a whole nation to survive and thrive. I'm also confident that many dividend stocks will eventually get disrupted away and collapse like GE and PG&E.
Eviction will happen, but likely in more of an "settlement" kind of setting than having police throw out everyone from their home, or they will eventually get absorbed into some sort of section 8 program short term, until it becomes "someone else's problem". No politicians like to handle real problems, so it may get kicked down the hall indefinitely until the cost sunset into inflation.
It's probably going to take a while to process all the backlog. How do you think it would affect the markets? They don't own stocks.
Exactly. The market is owned by the rich.
The top 10% own perhaps 85% of the value of all stocks.
True. Most have no idea what they own and the portfolio value is tiny.
Zee09
$200 Site Donor 2023
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I got out Wednesday.
Was stuck in two turds and one allowed me to get out with some positive coin and the other was divine intervention... Was down $3700. On 12k shares and came out plus $8k
That day they got a patent.
Two hours later it tanked.
So a patent is good for only 2 hours of upswing? Nuts...
A turd is a turd.
My buddy got out too but is in massive panic mode. Fears a massive market tanking... He plays huge though.
I'm nervous too but going in small and I usually get out the same day.
I will take 30-40 cents or even less than 5 cents. Money is money
Was stuck in two turds and one allowed me to get out with some positive coin and the other was divine intervention... Was down $3700. On 12k shares and came out plus $8k
That day they got a patent.
Two hours later it tanked.
So a patent is good for only 2 hours of upswing? Nuts...
A turd is a turd.
My buddy got out too but is in massive panic mode. Fears a massive market tanking... He plays huge though.
I'm nervous too but going in small and I usually get out the same day.
I will take 30-40 cents or even less than 5 cents. Money is money
VFIXA has a $75 fee for me since I use fidelity.
Went with
FITLX
FSKAX
FXAIX
Holding jetblue. Doing well so far.
Went with
FITLX
FSKAX
FXAIX
Holding jetblue. Doing well so far.
Did you mean VFIAX? Not sure why you'd want to go with that instead of FXAIX. The Fidelity fund has a lower expense ratio that VFIAX anyway. If you look at the chart, after 10 years, 10k invested grew to $39,761 with Vanguard and $41,652 with Fidelity. Those little expense ratios add up a lot over time. I like VFIAX too, I still have some I bought 20+ years ago. Haven't sold them. Didn't want to pay capital gains.... Fidelity calculated my basis as around $35 vs now...
i must be missing something.
the fidelity has lower expense ratio. Win.
fidelity grew more. Win.
fidelity is no fee. Win.
Zee09
$200 Site Donor 2023
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Mplx was hot but recently started tanking and I got into it only because a friend kept bothering me to. He pulled $89k out of it over 4 months but it wasn't my game. I made money on it but not as much as I should have. I don't like the stock and won't go back.
Like a fool I bought Tyme because I flipped it a few times. It tanked so I was stuck for like 5 weeks but I don't take losses so I stayed put
and the day it got granted a patent I went from $3700 down to up $8000. and I dumped it and got very lucky cause it tanked again quickly.
Apparently a fresh patent on a turd stock means very little.
Both instances were my fault cause I wanted in on something that day. All my favorites were too high and I had nowhere to go.
My buddy dumped mplx for a $7k loss because he scored big on them. I told him just stay put but he throws around big $$$ and considers it just the game.
It came back in 3 days.
I think being in $200k panicked him.
Me I don't want to go there.
Don't like losing.
Well I was the one wondering if you meant VFIAX. Only reason I don't dump mine is because of capital gains.
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When I need the money? Probably not for a while although I guess by that cart, over 10 years I probably lost a few thousand but I think if you pay capital gains it would reduce what you could invest by 15% or more which I think more than offsets the higher expense ratio. Didn't know about the fund back then and I don't think the expense ratio was that low back then, I think it came out in 2011 although it claims 1988 but it had consolidated from a few other funds so not sure whose record they're really using.
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