Investments, where to put your money.

[huntnh]

I’d invest in land but I’m waiting until next year prices are inflated right now when the economy went to shit in 98 properties values dropped over 30 percent. Gold and silver is always a great way to go when and if the economy goes to shit there prices historically have gone up

 

[RGStory]

Watch the election. If the Republicans win big in the midterms, you'll see everything drop.

I don't think that will have an impact on the raw material prices of steel and aluminum for US manufacturers

 

[lonegunman762x51]

Pray for Republicans to overcome the rampant voter fraud or to man the hell up and fight these crooks.

 

[Carlos Danger]

Do people who post on investing sites ask for firearms advice?

 

[Texascbr]

Do people who post on investing sites ask for firearms advice?

Occasionally after particularly bad outcomes from such advice.

 

[Hobo Hilton]

Do people who post on investing sites ask for firearms advice?

I think it goes both ways. Takes a while to sort out propaganda. Figure this, if a man can spend $3 - $4k on a rifle, another $4k on optics, another $4k on setting up a reloading room, another $5k for instructions and competition and has enough free time to travel, compete, shoot and post a few photos.... I would take time to listen to some of his financial advice.
On the other hand... When I see photos of Warren Buffett out on his private range and he's making those 5,280' shots... I'd listen to what he says about shooting.
JMHO

 

[gamboolman]

Just checking back in to follow up since the last post and the subsequent significant downturn and loss in the Stock Market that we are all enduring....

I retired effective 1-Feb-21 after 43 year in the Oilpatch.

Since 1-Jan-22, our Portfolio is down ~10.31%

We are hanging tuff and intend to stick with our Investment Policy Statement "Plan" that we made prior to Retirement and this downturn - as was discussed in earlier Post(s) in this thread.

All the best to everyone as we all ride out this Valley / Rough Patch.

gamboolman....

 

[MarshallDodge]

10% isn't bad. I'm down 14% since Jan 1 but I'm still investing and riding the wave. I've got 6 more years until I start getting out.

 

[Maser]

Between my wife and I we own 4 homes. 1 we live in and the other 3 rented out. Other than that we buy/sell/trade silver. For some reason I just don't feel all that comfortable with gold, so I'm sticking with silver.

 

[300zx_tt]

Real estate: land, duplexes, short term rentals apartment complexes, commercial buildings (NOT office space).

If I could I’d buy a storage unit complex. They’re literally buying buildings, tearing them down and putting self storage in. 100’s and 100’s of units at $75-$300 each. One bathroom, one heater/ac unit. Low to no maintenance and tons of renters

 

[Hobo Hilton]

Just checking back in to follow up since the last post and the subsequent significant downturn and loss in the Stock Market that we are all enduring....

I retired effective 1-Feb-21 after 43 year in the Oilpatch.

Since 1-Jan-22, our Portfolio is down ~10.31%

We are hanging tuff and intend to stick with our Investment Policy Statement "Plan" that we made prior to Retirement and this downturn - as was discussed in earlier Post(s) in this thread.

All the best to everyone as we all ride out this Valley / Rough Patch.

gamboolman....

Interesting you mention the Oil patch... Over in the Stock market thread we are having some discussions about EV's (Elon Musk) and how TSLA will do during this recession. We are picking some companies and discussing how they will do during this recession. I picked Halliburton to be one of the companies that will play a part in the recovery (if we recover). My thought is there is just not enough "grit" in the alternative energy arena to pull the world out of this slump. The climb out is going to take oil, natural gas, nuke and coal.... something the "Green Team" does not want to admit. JMHO

Opinion ?

 

[MarshallDodge]

Interesting you mention the Oil patch... Over in the Stock market thread we are having some discussions about EV's (Elon Musk) and how TSLA will do during this recession. We are picking some companies and discussing how they will do during this recession. I picked Halliburton to be one of the companies that will play a part in the recovery (if we recover). My thought is there is just not enough "grit" in the alternative energy arena to pull the world out of this slump. The climb out is going to take oil, natural gas, nuke and coal.... something the "Green Team" does not want to admit. JMHO

Opinion ?

...and nuclear but that is a discussion that someone out there, probably natural gas, keeps squashing.

 

[forthehunt]

So for those of yall in property, any good info into how to get into it? Seems overwhelming.

See something you'd buy for more selling for less, that's the one.

There's some technicalities like holding cost and borrowing capacity but the principles remain the same.

 

[Bigfatcock]

I’m pretty lean in the market now, haven’t sold much, and have bought some.

Something I’m doing that is way different from what I normally do is spending a lot of cold hard cash on tangible items.

 

[pmclaine]

I’m pretty lean in the market now, haven’t sold much, and have bought some.

Something I’m doing that is way different from what I normally do is spending a lot of cold hard cash on tangible items.

Is ammo "tangible"?

Hookers and blow are definitely not.

 

[Bigfatcock]

Is ammo "tangible"?

Hookers and blow are definitely not.

Yes and yes they are.

 

[RGStory]

Is ammo "tangible"?

Hookers and blow are definitely not.

Those are all "tangible" "consumables".

When you hit the reorder point in your inventory you replenish your stock.
NSN 1305-01-559-3333 <- Ammo
NSN 1305-01-559-3333 <- Blow
NSN 1560-00-915-6650 <- Hookers

 

[RGStory]

...and nuclear but that is a discussion that someone out there, probably natural gas, keeps squashing.

Coal, Natural Gas, Oil, Wind, Solar, Hydrogen, etc.... really the entire upstream energy market except hydroelectric would be a bad investment if we opened the door to more nuclear. Most of the midstream market also, along with half of the infrastructure for the downstream market.

Imagine if we were committed to actually wanting cheap energy, so we set out on a nationwide plan to build a dozens of nuclear power plants. What would happen to every major energy producer, pipeline company and gas station owner?

That's a lot of lobby power which is incentivized to stymie any discussion on the topic.

 

[Hobo Hilton]

Coal, Natural Gas, Oil, Wind, Solar, Hydrogen, etc.... really the entire upstream energy market except hydroelectric would be a bad investment if we opened the door to more nuclear. Most of the midstream market also, along with half of the infrastructure for the downstream market.

Imagine if we were committed to actually wanting cheap energy, so we set out on a nationwide plan to build a dozens of nuclear power plants. What would happen to every major energy producer, pipeline company and gas station owner?

That's a lot of lobby power which is incentivized to stymie any discussion on the topic.

What you bring up is true for the USA... But, this downfall is world wide and other countries are going to climb out of the hole, regardless....

Coal India to import for first time in years as power shortages loom

State-run Coal India , the world's largest coal miner, will import the fuel for use by utilities, a power ministry letter seen by Reuters showed on Saturday, as shortages raise concerns about renewed power outages.

www.reuters.com

 

[morgenstern]

Trading and investing are two almost opposite concepts of behavior in the stock market, while both of them have their own supporters. Trading involves active work in the stock market, where the participant constantly makes a lot of transactions and uses any short-term trading or successful investments in the stock market. For those who are engaged in active trading, then you can easily use the fx economic calendar, which will help you a lot. Good luck to you!

 

[Nik H]

1. Pay off debt
2. Invest in upgrading your house using cash

Other than my mortgage, I am debt free and my mortgage is a 30 year fixed at 2.95% APR. I will never pay that off as it is free money.

 

[Hobo Hilton]

Trading and investing are two almost opposite concepts of behavior in the stock market, while both of them have their own supporters.

Same outlook when some people walk into a casino. Neither the "House" nor the "Broker's" play with their own money. Both play with other people's money. Continue your philosophy.

 

[Milf Dots]

Where to put your money? This guy right here! I'll even wear a thong if that makes you feel better.

 

[Inifinty]

Without food money won't be of much use

These people mean to have their way and money may not shield you from their tactics

 

[TurboTrout]

That’s one of the reasons to not accept digital currency, having the gov able to shut you off, or only limit you to being able to buy X gallons of gas, or no shopping during “lock down” is not conducive with a free nation.

 

[vinniedelpino]

Curious for some of you who have made good investments and are smarter when it comes to this stuff.

If someone had enough capital they felt okay with parting with it a bit to invest, what would yall recommend.

While ill accept answers like more food water ect ect im more talking about more traditional investments.

I have NEVER invested in property so i'm not sure what that looks like. So advice is welcomed.

I have done stocks before but I pulled out due to economy, have also done crypto.

What else yall got? What do you wish you knew sooner?

Not to be a jerk, but anyone able to give you any meaningful advice is going to have 100x more questions for you than you have for them.

What's your annual income?
Where do you live?
Are you self employed or a salaried employee?
Are you looking to build multigenerational wealth? Or bounce your last check?
When do you want to retire?
How much do you plan to live off of (in today's dollars) when you do retire?
How long do you think you're going to live? (Ridiculous to ask, but nonetheless important)
Are you solely focused on rate of return? Or is short term liquidity also a priority?
Do you currently carry any debt? If so, what interest rates are you paying on that debt?
Is the lifetime exclusion a concern?
Etc
Etc
Etc

If you're an international playboy with no kids and a desire to live out your golden years on yacht with an ample supply of hookers and cocaine you're going to have a very different strategy than a guy with six kids who's looking to retire at 50, live as a homesteader and set his kids up with an inheritance.

You've got a shit ton of research to do, and please, for the love of all that is Holy, do not bet the farm based on investment advice you received from "bitchesbetrippin69" or whatever on an internet forum.

 

[forrestgump01]

I totally get what you're saying about the potential risks of digital currency and how it could affect our freedom, especially with the government having more control over our purchases. But, you know, there's always a flip side to everything. A few years back, I was also on the fence about digital currencies, and I wasn't sure how to navigate the financial world. I wanted to make sure I was making the right decisions.

Has your department received the new company flags ?

 

[Bigfatcock]

a desire to live out your golden years on yacht with an ample supply of hookers and cocaine

Yes

 

[Hobo Hilton]

I totally get what you're saying about the potential risks of digital currency and how it could affect our freedom, especially with the government having more control over our purchases. But, you know, there's always a flip side to everything. A few years back, I was also on the fence about digital currencies, and I wasn't sure how to navigate the financial world. I wanted to make sure I was making the right decisions.

Do you have a point to make ?

 

[forrestgump01]

Do you have a point to make ?

He's a glowie that likes to give blowies

 

[Threadcutter308]

Yes

dafuq. I thought you were doing that already.

Slacker……..

 

[Hobo Hilton]

Curious for some of you who have made good investments and are smarter when it comes to this stuff.

If someone had enough capital they felt okay with parting with it a bit to invest, what would yall recommend.

While ill accept answers like more food water ect ect im more talking about more traditional investments.

I have NEVER invested in property so i'm not sure what that looks like. So advice is welcomed.

I have done stocks before but I pulled out due to economy, have also done crypto.

What else yall got? What do you wish you knew sooner?

A serious answer. Invest in the "Leisure and Hospitality" Sector.
Those with money will spend their last dollar having someone else cook their food and make their bed.
Those that get "windfall money" (Lotto, rich uncle died, big insurance settlement, etc) are going have a good time..... "laissez les bon temps rouler"
I have witnessed this in previous recessions - When the foreclosure notice shows up, they stop paying for anything related to a roof over their head. Go and party.
The L&H sector has the lowest paid worker's who make no benefits... Many are there to just work for cash. No stock holders or CEO's robbing the till.
Let me know if you need more reasons. There are many.

 

[Hobo Hilton]

 

[charbroiled]

View attachment 8108493

Is there a mutual fund covering the HR&L sector?

 

[Hobo Hilton]

Is there a mutual fund covering the HR&L sector?

I'll throw out a few bones for you dog's to chew on...... Don't kill the messenger.
___________________________________

FDLSX - Fidelity ® Select Leisure Portfolio | Fidelity Investments

Analyze the Fund Fidelity ® Select Leisure Portfolio having Symbol FDLSX for type mutual-funds and perform research on other mutual funds. Learn more about mutual funds at fidelity.com.

fundresearch.fidelity.com

A small player but on the radar of many large Fund Managers- KSL CAPITAL PARTNERS, https://www.kslcapital.com/

Invesco Leisure and Entertainment ETF

Explore PEJ for FREE on ETF Database: Price, Holdings, Charts, Technicals, Fact Sheet, News, and more.

etfdb.com

XLY

Consumer Discretionary Select Sector SPDR ETF, XLY Quick Chart - (PSE) XLY, Consumer Discretionary Select Sector SPDR ETF Stock Price - BigCharts.com

XLY - Consumer Discretionary Select Sector SPDR ETF Basic Chart, Quote and financial news from the leading provider and award-winning BigCharts.com.

bigcharts.marketwatch.com

 

[charbroiled]

I'll throw out a few bones for you dog's to chew on...... Don't kill the messenger.
___________________________________

FDLSX - Fidelity ® Select Leisure Portfolio | Fidelity Investments

Analyze the Fund Fidelity ® Select Leisure Portfolio having Symbol FDLSX for type mutual-funds and perform research on other mutual funds. Learn more about mutual funds at fidelity.com.

fundresearch.fidelity.com

A small player but on the radar of many large Fund Managers- KSL CAPITAL PARTNERS, https://www.kslcapital.com/

Invesco Leisure and Entertainment ETF

Explore PEJ for FREE on ETF Database: Price, Holdings, Charts, Technicals, Fact Sheet, News, and more.

etfdb.com

XLY

Consumer Discretionary Select Sector SPDR ETF, XLY Quick Chart - (PSE) XLY, Consumer Discretionary Select Sector SPDR ETF Stock Price - BigCharts.com

XLY - Consumer Discretionary Select Sector SPDR ETF Basic Chart, Quote and financial news from the leading provider and award-winning BigCharts.com.

bigcharts.marketwatch.com

thanks HH

 

[Hobo Hilton]

S3th​

I'll just throw this out for discussion.
I watched the Oil Industry crash in 1980 (+/-), I was there. The high rises in Houston were vacant, suicides were up and people packed their cars and left. The level of debt was so deep they took trips and lived the "Lifestyles of the Rich and Famous" while people were looking at all the money they made for them the previous years.
To say they partied like a "Rock Star" would be an understatement. About 3% hid some money and came back strong, the rest were like Sam Bankman-Fried (FTX).

With that understanding, Leisure and Hospitality is considered "Consumer Discretionary"..... It can and will turn on a dime.
If you choose to play in that arena, always be ahead of the curve.