WTF are you guys in? $3 for every $1? I made some money but I did not get anywhere near a 3x ROI!
Inflation.......... ?
- Thread starter Hobo Hilton
- Start date
making money in the markets during the past 2 yrs was all about common sense and eyes wide open to be honest. I think it was a rare opportunity in them. It is bittersweet however, I know many suffered during this time needlessly.
Oh trust me, I made some money and took advantage of the market down slide for sure. But I didn’t make $3 for every $1 I had in. I did get almost a 50% rate of return both in 2020 and 2021. So you could say I nearly doubled my money. It was a fantastic time to get in. However, I’m quickly seeing all those gains evaporate. It will come back but it looks pretty rough at the moment. What most people need to realize is you buy in when it’s low, you either sell high or hang onto it. The elites create these fluctuations, on purpose imo, and then buy all the stocks that people sell out of because the sky is falling, for great prices and then they ride them up. They do this over and over and over. And people continue to freak out and sell out at the first sign of losing money. You don’t lose anything until you sell.
As I said earlier, if one had made a small $1000 investment in Nvidia in 1999 and hung onto it until today, they’d be a multimillionaire off of that one investment. The trick is knowing when to get in and what to buy. I was offered Google super cheap and said to myself, that’s never going to be anything. Clearly I was wrong and should have spent some money on it. I said the same thing about Bitcoin when it was offered in 2011, I think it was. So you never know what is going to be the new best thing. What we do know is, invest in solid companies and hang onto it and let the market do its thing and you will make money, over time. Unless it all falls then we are all screwed anyways and none of this matters. But looking at it from a 30,000 foot view, the market has always gone up. Buy solid, as low as possible and hang onto it.
Stop loss is your friend. If you’ve already held long enough to get long term cap gains taxes, then all good.
A drop of 8%-10% or more on a mega cap company, is pretty indicative of it tanking further.
That’s where I’ll usually set a stop loss on a long term investment. Trailing stop.
A drop of 8%-10% or more on a mega cap company, is pretty indicative of it tanking further.
That’s where I’ll usually set a stop loss on a long term investment. Trailing stop.
Ed Jones. As for the silver… it’s a big meh. If I had sold it when the 139 went in (last day of 2018. RIP Mom) I would be looking at a LOT more in my account. Is what it is. Kinda ill I didn’t sell when it was knocking on $30/oz.
I know Jones very very well, fantastic company but their approach is always long horizon. Bonds are most certainly not a good play here. I like Reits right now; well have for a while
At this point it’s pretty obvious to me they’re either intentionally running us off the financial cliff, or they’re really just dumb/greedy enough to think our nation will/can continue to send trillions abroad annually.
And the deal with Saudi Arabia which is currently under fire from Russia and the brick nations. That’s where the real value comes from. If you want Saudi oil, traditionally you’ve had to have US dollars.
This is the way of fiat currencies. They all die eventually. The Brick agreement was the beginning of the end. The last year has been a horse and pony show to keep us all distracted while the political class pumped every cent they could out of us before the value plummets. I’m sure those big relief packages included preferred stock deals in stable multinationals for the people that passed them and doled it all out.
The “petro-yuan" was conceived back in 2017. It has been gaining traction now for 5 years against the petrodollar. The plan is to price oil in yuan using a gold-backed futures contract in Shanghai. The USD is backed by nothing but good faith.... The world is losing faith in America's good faith.
Kraft Heinz (KHC) said in a recent letter to its customers that it will raise prices in March on dozens of products, including Oscar Mayer cold cuts, hot dogs, sausages, bacon, Velveeta cheese, Maxwell House coffee, TGIF frozen chicken wings, Kool-Aid and Capri Sun drinks.
The increases range from 6.6% on 12oz Velveeta Fresh Packs to 30% on a three-pack of Oscar Mayer turkey bacon. Most cold cuts and beef hot dogs will go up around 10% and coffee around 5%. Some Kool-Aid and Capri Sun drink packs will increase by about 20%.
"As we enter 2022, inflation continues to dramatically impact the economy," Kraft Heinz said in a letter dated January 24 to at least one of its wholesale customers that was viewed by CNN Business. The wholesaler shared the letter on the condition of anonymity to protect the company's relationship with its suppliers.
The increases range from 6.6% on 12oz Velveeta Fresh Packs to 30% on a three-pack of Oscar Mayer turkey bacon. Most cold cuts and beef hot dogs will go up around 10% and coffee around 5%. Some Kool-Aid and Capri Sun drink packs will increase by about 20%.
"As we enter 2022, inflation continues to dramatically impact the economy," Kraft Heinz said in a letter dated January 24 to at least one of its wholesale customers that was viewed by CNN Business. The wholesaler shared the letter on the condition of anonymity to protect the company's relationship with its suppliers.
I like gold and silver. They’re decent as a store of value…maybe, but I mainly like them because they are real money.
I like gold and silver, also. Difficult to beat the length of time they have been used for currency / legal tender / barter. A few other currencies of the world are over taking the USD. Hong Kong (Hang Seng) and Japan (Nikkei) markets appear to have hedged themselves against the decline of the S&P 500. Read some excellent papers on how the different US recessions have historically pulled them down. They learned by their mistakes.
Depends on the situation. Something is only worth what someone is willing to give you for it. In a total collapse, hold will be next to worthless, but items like tools, Ammo, food etc. will be like gold once was. Just my opinion. In a total collapse gold is just gold. It can’t do anything for your survival, nor can you carry a shit ton of it, if you need to move.
Depending on your location, gold could pay your property tax should the fiat USD collapse.
Utah Legal Tender Act - Wikipedia
I’d say history, with it’s many societal collapses, has proven that gold, weapons, booze, and pussy always have value.
don't forget condiments. Condiments are the silent gold mine few remember when shit goes to the tits
If the USD shits the bed there aint gonna be a Utah to speak of to pay your taxes to.Depending on your location, gold could pay your property tax should the fiat USD collapse.
Utah Legal Tender Act - Wikipedia
en.wikipedia.org
I put my two kids into NVDA at $17 and $20, got a nice split and since their time horizon is much longer than mine, tell them to hold, it will be fine after this ruff cycle is over, the CEO gets it and as long as he is uncharge hold.
How come the old guy's here, who survived 3 recessions, saw all this coming long before the Feds ? Looking like one more conspiracy... No tin foil hat here.
www.cnbc.com
Fed influence, shaky forecasts, delayed decisions: How the Biden administration misread the inflation threat
The Biden administration misread the rising threat of inflation for a variety of reasons, according to several economists and current and former officials.
www.cnbc.com
I agree and disagree. While you can’t eat gold, or hunt with it, primarily having it isn’t about surviving, it’s about having a foundation to start on the other end. It’s the long game, and you better believe the people smart enough to have excess sole supplies of food/water/shelter during the hard times will be trying to collect their fair share of gold. You might not like their exchange rate, but if you find yourself needing provisions at least you have something you can trade. The hypothetical moral here is have both, or all three. The knowledge to thrive in any environment, the tools and perpetrations to feed/shelter yourself, and some precious metals for those pesky unforeseen situations at minimum. Most envision good as a vehicle to transfer a portion of the wealth you currently have to the post catastrophic world.
In the beginning:
________________________
Interesting how the Government has morphed FEMA into a Government run money machine..... Finding the Government, in it's obsession to raise taxes, is simply rewriting the Rule Books"...
Limiting Annual Premium Increases
Existing statutory limits on rate increases require that most rates not increase more than 18% per year.
www.fema.gov
Creation of FEMA
President Carter signed Executive Order 12127, effective April 1, 1979, establishing FEMA. Shortly after, in signing Executive Order 12148 on July 20, 1979, President Carter gave the agency the dual mission of emergency management and civil defense.________________________
Interesting how the Government has morphed FEMA into a Government run money machine..... Finding the Government, in it's obsession to raise taxes, is simply rewriting the Rule Books"...
Limiting Annual Premium Increases
Existing statutory limits on rate increases require that most rates not increase more than 18% per year.
NFIP’s Pricing Approach
FEMA is updating the National Flood Insurance Program's (NFIP) risk rating methodology through the implementation of a new pricing methodology called Risk Rating 2.0. The methodology leverages industry best practices and cutting-edge technology to enable FEMA to deliver rates that are actuarily...
www.fema.gov
Excellent points brought out from both post above. I am aging, 70 years old...
An age related question:
In the time I have left on this Earth, what can I buy / gather / procure to leave to my children and grand children that will be of the most benefit to them ?
What can you teach them in the time you have left? If they are willing to be taught how to be secure then any critical item is good. But actually teaching them is the best because it is also a gift in memories and non-linear problem solving.
Personally I would go with how-to books if we are talking physical things only.
Personally I would go with how-to books if we are talking physical things only.
I agree with lariat. Skills, good problem solving skills, and an understanding that things aren’t guaranteed to always be this comfortable. Compounding interest life insurance policy is a pretty safe place for them to start putting money, and I like to keep a little gold/silver in the safe. It’s near inflation proof. So at the least I know whatever happens to the dollar I’ll have a little nest egg.
The Fed will do something about inflation when they’re damn well ready…
The Fed will do something about inflation when they’re damn well ready…
Via Sovereign Man On December 21, 1789, just as France was in the very early days of its chaotic revolution, the country’s brand new “Constituent Assembly” passed a desperate decree aimed at preven…
www.theburningplatform.com
Feb 4 (Reuters) – From Hershey to Clorox (CLX.N) and Kleenex maker Kimberly-Clark (KMB.N), major consumer products companies have announced plans to raise U.S. prices more or more broadly than previously proposed this year, signaling that the fastest rate of inflation in a generation may not come down any time soon.
Product manufacturers usually talk to US retailers at year-end about planned price increases for the following year. But company executives revealed in recent quarterly results that they are taking a more aggressive approach this year to protect margins.
Clorox said late Thursday that it plans to raise prices for 85% of its products by the end of June, up from 70% previously planned, with some of the company’s brands set for several rounds of price increases.
Product manufacturers usually talk to US retailers at year-end about planned price increases for the following year. But company executives revealed in recent quarterly results that they are taking a more aggressive approach this year to protect margins.
Clorox said late Thursday that it plans to raise prices for 85% of its products by the end of June, up from 70% previously planned, with some of the company’s brands set for several rounds of price increases.
And yet, the last time people had a real raise was...? I’ll wait for it. And don’t give me no 3% a year bullshit.
Last year the company I was with gave us a 50 cent raise. I told the boss that was better than nothing but with what minimum wage was going up every year that it was a fucking joke. Ended up getting $3 total but it was still under what the average pay for the type of work.
I'm curious to see what kind of raise I get in April with where I'm at now. I got a $2 raise shortly after I started and the boss claims I should see a decent raise this year. The other help is pure shit. I think only one other person has shown up for a full week since Christmas. Some of them might be doing good to do 2-3 hours worth of work in a 10 hour day.
You'll take that 3% per year and like it, and furthermore, you're going to get a temporary 20% whack every time the economy burps.
This says something about the modern labor market:
Now, what's fascinating to me is that many industries (trucking, restaurants, and manufacturing to name a few) cannot afford to pay workers substantially more (by this, I mean something that allows wages to track an appropriate measure such as GDP). They also cannot afford to invest in sufficient technology to replace those workers. We've outsourced and offshored all the jobs that can be moved, and milked incremental gains out of the rest via moments like Lean and TPS, and so the only thing left is to run out the clock. Entire swaths of the economy that are simply filled with zombie companies.
So they say! Where does it all go? I know running a biz ain’t cheap as there are a lot of costs that people don’t think about. However, if they were running that close to breaking even they wouldn’t be in business. Hell some company was saying they were raising their prices for normal goods like 70% by June of this year. Where the fuck did that number come from? That’s a hell of a leap and I sure as hell ain’t getting a 70% increase in anything.
The price of some materials has gone up that much on some things for sure. Electrical wiring and steel are things that come to mind that have spiked.
Many suppliers will tell you the price that you will pay for goods because their manufacturers are already know what the raw components they have in inventory cost them or they have a heads up from their suppliers on what it will be costing in the future. This is totally normal.
Where does it all go? Once you go into business you will know. Now that the inflation camel has its nose in the tent everyone is raising the price of everything. This is what many of us have been warning about with all this money printing bullshit. Costs everywhere are going through the roof. And the Fed is somehow shocked that it happened so quickly. Like there wasn't any historical reference points for what was about to happen. If they didn't know then they are fools. If they did know and just chose not to warn the lawmakers before such bullshit spending was enacted, then they are complicit, which is worse.
There is no equilibrium to the pricing yet. This is what the Fed meant when they said inflation was transitory; they didn't mean that it would go away. It can't now that the money is out there. IOW, nothing has stabilized yet from this massive influx of money so you can expect things to go up and sideways for some time to come until the world economy can digest all of these dollars.
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Sign at Menards in the wire aisle. Needed another 250'. I added the sticker.
Another month rolls around:
Economists are expecting another hot inflation report, with the headline consumer price index running at a 7.2% pace in January.
CPI is reported Thursday at 8:30 a.m. ET and is expected to show an increase of 0.4%, a slower monthly increase than December, which had a revised headline gain of 0.6%. The year-over-year forecast of 7.2% is the highest since 1982 and is up from 7% in December.
www.cnbc.com
Economists are expecting another hot inflation report, with the headline consumer price index running at a 7.2% pace in January.
CPI is reported Thursday at 8:30 a.m. ET and is expected to show an increase of 0.4%, a slower monthly increase than December, which had a revised headline gain of 0.6%. The year-over-year forecast of 7.2% is the highest since 1982 and is up from 7% in December.
January consumer inflation expected to rise by 7.2%, the highest since 1982
Economists are expecting another hot inflation report — with the headline consumer price index running at a 7.2% pace in January.
www.cnbc.com
Amazing to me.... Seems the majority of the sheep have accepted that this rate of inflation is "the new norm".....
_____________________________________________________________
Consumer prices surged more than expected over the past 12 months, indicating a worsening outlook for inflation and cementing the likelihood of substantial interest rate hikes this year.
The consumer price index for January, which measures the costs of dozens of everyday consumer goods, rose 7.5% compared with a year ago, the Labor Department reported Thursday.
www.cnbc.com
_____________________________________________________________
Consumer prices surged more than expected over the past 12 months, indicating a worsening outlook for inflation and cementing the likelihood of substantial interest rate hikes this year.
The consumer price index for January, which measures the costs of dozens of everyday consumer goods, rose 7.5% compared with a year ago, the Labor Department reported Thursday.
Inflation surges 7.5% on an annual basis, even more than expected and highest since 1982
The consumer price index was expected to increase 7.2% from a year ago, according to a Dow Jones economist survey.
www.cnbc.com
Gas prices hitting $3.40 per gallon on east coast. Once it hits $4 things will finally start crack.
LOL....... Why should China buy anything American when we are just giving it to them ?
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China fell far short of the commitments it made in a 2020 trade deal with the United States, failing to purchase the promised volume of American airplanes, soybeans, energy, services and other products before the end of last year, data released Tuesday morning showed.
In a trade agreement signed with former President Donald J. Trump in January 2020, Chinese leaders committed to buying an additional $200 billion worth of American goods and services over 2017 levels by the end of 2021, in addition to other trade
www.nytimes.com
__________
China fell far short of the commitments it made in a 2020 trade deal with the United States, failing to purchase the promised volume of American airplanes, soybeans, energy, services and other products before the end of last year, data released Tuesday morning showed.
In a trade agreement signed with former President Donald J. Trump in January 2020, Chinese leaders committed to buying an additional $200 billion worth of American goods and services over 2017 levels by the end of 2021, in addition to other trade
China fell far short of promises it made to purchase American goods. (Published 2022)
New data show that China effectively bought none of the additional $200 billion in goods it promised to as part of a 2020 trade deal.
$600 is just pocket money........ Government is educating their illegal children, paying for the roof over their heads, feeding them to the point where they don't even have to cook, transporting them free of charge all over America, giving them free medical care, giving them IPhones so they can down load the "Free Government Shit" app.................
I can go on but it would appear to be a racist comment....
Just a few minor points...... Biden / Deep State has shut down pipelines, shut down coal industry, charging more for drilling leases on Federal land, releasing cheap oil from the Strategic Oil Storage and will refill with more expensive foreign oil and has hobbled the shipping industry.
The light at the end of the tunnel is just another train coming....
I'm one of the poors... I frequent my local Habitat for Humanity picking up items for my homestead projects. Someone donated a 2 ton box truck to them with a bad motor. They are a good bunch, just not truck / mechanic people. By the time they bought a rebuilt gas motor and had it swapped out, got the truck road worthy (tires, registration, etc) they had invested $9,000 in a 20 year old truck. They are happy, so I just don't say anything.
Saw a story the other day about New Yorkers complaining about how the cost of their natural gas has doubled, literally since last year. Many can't pay to heat their homes as a result. I say, fuck you, you made that bed now lie in it. Most of these idiots voted for Biden. Unfortunately the rest of us who had nothing to do with electing that senile POS are suffering along with them.
Someone who is a very eloquent writer penned a very short article about the future of America. Basically they said "America will have to decline to the point of near death in order for the masses to face reality"...
"The Fed doesn't want to surprise markets,"
www.cnn.com
To fight inflation, the Fed may resort to a tool it hasn't used since 2000
Red-hot inflation is raising pressure on the Federal Reserve to take drastic action to get control of prices.
www.cnn.com
short sales increased at fastest rate in more than 10 years during last five weeks
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