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Stock Market

#3,151
There is no time for me. Buy S&P500 with every paycheck. For life.

I’ve bought so many “Tops” in the market that it’s ridiculous, lol.

Shriners children hospital is going to be ecstatic when I finally kick the bucket.
 
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#3,153
S3th said:
It works. Following a Moving Average in non taxable accounts has very limited downside risk with significant upside benefit.
Click to expand...
I concur.

I’m just saying that I don’t try to time the S&P. I’ve bought every top and every black swan since the early 1990’s.

I always think about when Apple almost went bankrupt. That was nerve wracking, lol.

Anyone who has kids old enough to work should have a brokerage account that allows buying fractional shares, and should be buying the S&P500, FAAG (no N because I don’t see Netflix sticking around as long as the others), Tesla, and maybe some defense stocks every paycheck.

Reinvest dividends and enjoy swoll pockets.
 
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#3,154
Bigfatcock said:
Yep. Lots of things I can pay for, but few I’m willing to pay for.

Certain things I bought/buy at any price just to have it available.

Others I wait for. Real estate and watches are two of them.

If you remember about a year or so ago I told people to buy their houses at any price vs waiting on a deal. Yes, prices are marginally lower, but the interest rates are double. Now they can’t afford anywhere near as much house.

Cash is just sitting in high interest money markets waiting for the time to pounce. Still waiting on my like new F-250 Super Duty for penny’s on the dollar, lol.
Click to expand...
I had some friend's (actually some of the Little League coaches in our League) that were mortgage brokers, developers and one that worked for the RTC. They pooled "resources" like money, information and opportunities and stockpiled properties in SoCal where we resided. Today those guy's have no money worries.
History will repeat. Keep your powder dry.
The banks really don't want to be homeowners.
______________________

What Is the Resolution Trust Corporation? ​


The Resolution Trust Corporation (RTC) is a now-defunct temporary federal agency. From 1989 to 1995, it largely resolved the savings and loan (S&L) crisis of the 1980s, which resulted in about a third of such U.S. institutions failing within a 10-year span. The RTC became a massive property-management company, cleaning up what was, at the time, the largest collapse of U.S. financial institutions since the Great Depression.
The RTC closed failed financial institutions placed in conservatorship by selling or merging troubled thrifts and folding their assets back into the Federal Deposit Insurance Corporation (FDIC). The RTC accomplished its work in roughly six years, slowly at first, but then by selling pools of assets at heavy discounts to private investors, which allowed the RTC to participate in any future market gains from those pools.
The RTC shuttered a total of 747 failed financial institutions, with total assets of $394 billion. It also liquidated the assets of these institutions.
______________
www.investopedia.com

Resolution Trust Corporation (RTC): What It Was and How It Worked

The Resolution Trust Corporation was a temporary federal agency created to resolve the savings and loan crisis of the 1980s.
www.investopedia.com www.investopedia.com
 
#3,155
Bigfatcock said:
Yep. Lots of things I can pay for, but few I’m willing to pay for.

Certain things I bought/buy at any price just to have it available.

Others I wait for. Real estate and watches are two of them.

If you remember about a year or so ago I told people to buy their houses at any price vs waiting on a deal. Yes, prices are marginally lower, but the interest rates are double. Now they can’t afford anywhere near as much house.

Cash is just sitting in high interest money markets waiting for the time to pounce. Still waiting on my like new F-250 Super Duty for penny’s on the dollar, lol.
Click to expand...
I gave my oldest son and his new wife the same advice a year ago and thankfully they took it and bought a nice house. Today it is still worth what they paid but if they had to do it now, they would be more stressed for certain.
 
#3,156
Bigfatcock said:
I concur.

I’m just saying that I don’t try to time the S&P. I’ve bought every top and every black swan since the early 1990’s.

I always think about when Apple almost went bankrupt. That was nerve wracking, lol.

Anyone who has kids old enough to work should have a brokerage account that allows buying fractional shares, and should be buying the S&P500, FAAG (no N because I don’t see Netflix sticking around as long as the others), Tesla, and maybe some defense stocks every paycheck.

Reinvest dividends and enjoy swoll pockets.
Click to expand...
Isn't it now MAAA - Meta, Amazon, Apple and Alphabet
 
#3,160
The Chinese will eat General Motor's lunch at this rate on an EV.
Selling price needs to come down, not up.
An old Southern saying.... "I only need 4 wheels and a steering wheel... "... "4 rollin' wheels beats two walkin' heels"....
Manufacturer's have the resources to build a $10k EV that will get a person around a small town to the grocery store, drug store and the park.
Why won't they do it?
onward-2-passenger-feature.jpg

www.cnbc.com

Here's a first look at GM's new all-electric Cadillac Escalade IQ, starting at $130,000

The 2025 Cadillac Escalade IQ is a new all-electric SUV with more power than the current supercharged V-8 model and an estimated range of 450 miles.
www.cnbc.com www.cnbc.com
 
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#3,166
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#3,171
david walter said:
Any of you guys use Zack’s? And follow the prescribed #1 strong buy methodology?

Second question: SMCI. Where is it going? Back up or?
Click to expand...
I'm a strategist at an RIA with about $15B AUM and I can't move client assets out of Zack's into other sma's fast enough. Whether you like their core diversified strategies, or specific asset class mandate strategies, there's better options IMO.
 
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#3,172
CEO10KaDAY said:
I'm a strategist at an RIA with about $15B AUM and I can't move client assets out of Zack's into other sma's fast enough. Whether you like their core diversified strategies, or specific asset class mandate strategies, there's better options IMO.
Click to expand...
Most of the time it takes a bit of research....... But, there is always a better option.
That herd mentality will make you go broke or kill you.
The more time goes on and the worse things get, the better it is to be the "Lone Wolf".
 
#3,173
Although Australia is the world’s largest lithium producer, it ships almost all of it to China as low-grade ore where it is refined into a battery-grade chemical.
oilprice.com

China’s New Lithium Futures Market Outpacing London Metal Exchange | OilPrice.com

Guangzhou Futures Exchange's new lithium carbonate business has already gained more market activity than competitors such as the London Metal Exchange and Singapore Exchange
oilprice.com oilprice.com
 
#3,174
Hobo Hilton said:
Although Australia is the world’s largest lithium producer, it ships almost all of it to China as low-grade ore where it is refined into a battery-grade chemical.
oilprice.com

China’s New Lithium Futures Market Outpacing London Metal Exchange | OilPrice.com

Guangzhou Futures Exchange's new lithium carbonate business has already gained more market activity than competitors such as the London Metal Exchange and Singapore Exchange
oilprice.com oilprice.com
Click to expand...

One of the benefits of the IRA is supporting diversification outside of China.
 
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#3,176
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#3,177
#3,178
S3th said:
Berkshire Hathaway has sold 45% (worth ~$700M) of their General Motors stock, according to a new 13F filing.
Click to expand...
Yep, but invested in "home builders"....
Their Netjets are in and out of this valley several times a day. A way to move people covertly.... Which is another topic for another time.
Probably more building in Montana.

NetJets | World's Leading Private Jet Company | Fractional Aircraft Companies

NetJets is the world’s largest private jet company, offering fractional aircraft ownership, private jet leases, and private jet card programs. Experience the ultimate in private jet travel, from departure to return.
www.netjets.com www.netjets.com
 
#3,185
S3th said:
Disagree.
Click to expand...
Land, resources like water, food, shelter.....
All bought and paid for.
List any stock that will out perform inflation for the next 3 years...
They will all go just like HD. Propping up share price until they can't do it any more.

Home Depot launched a $15 billion stock buyback program after beating second-quarter expectations. However, the home-improvement retailer warned that shoppers are still cautious of spending on big-ticket items and it expects a sales decline this year.
 
#3,186
S3th said:
I am confident a portfolio mix of $TSLA, $ENPH, and $ALB will outperform the market 2x from today to 2027.

I also don't understand why you think share buybacks are a bad thing. It isn't propping up any share price.
Click to expand...
Share buy backs are bad because they are not investing in America. No new stores, no new jobs, not expanding their base.
I have made very little $$$ off of buy backs.
I relate share buy backs prior to a recession as the order to "Batten down the Hatches".

1692131419809.png
 
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#3,188
Hobo Hilton said:
Share buy backs are bad because they are not investing in America. No new stores, no new jobs, not expanding their base.
I have made very little $$$ off of buy backs.
I relate share buy backs prior to a recession as the order to "Batten down the Hatches".

View attachment 8205556
Click to expand...
Have you ever looked at HD's balance sheet or do you just look for the latest share buyback story to demonize it? They have smartly staggered debt coupled with huge cash flows to finance building out new stores and pay off expiring bonds as the go. Not to mention a nice dividend and buybacks along the way. I bought HD in 2012 and don't plan on selling it for probably another 5 years where it will be dumped into fixed income.

So if/when have a recession and the share price backs up? Meh. I doubt I add to it b/c I'm eating up all the fantastic yield in the fixed income market while I can in this rate cycle. Long term with rates higher people are selling/moving less or waiting for lower rates to refi, home builders will continue to prosper as input costs go down. I have a buddy who is a 3rd gen roofer locally and another who is a custom home builder in Atlanta. They both just finished the single best year they have ever had and are booked out as far as they can plan for reasonably.
 
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#3,189
atepointer said:
Have you ever looked at HD's balance sheet or do you just look for the latest share buyback story to demonize it? They have smartly staggered debt coupled with huge cash flows to finance building out new stores and pay off expiring bonds as the go. Not to mention a nice dividend and buybacks along the way. I bought HD in 2012 and don't plan on selling it for probably another 5 years where it will be dumped into fixed income.

So if/when have a recession and the share price backs up? Meh. I doubt I add to it b/c I'm eating up all the fantastic yield in the fixed income market while I can in this rate cycle. Long term with rates higher people are selling/moving less or waiting for lower rates to refi, home builders will continue to prosper as input costs go down. I have a buddy who is a 3rd gen roofer locally and another who is a custom home builder in Atlanta. They both just finished the single best year they have ever had and are booked out as far as they can plan for reasonably.
Click to expand...
Your timing to buy HD was excellent.
 
#3,194
Lightning8 said:
www.theepochtimes.com

Fed Officials See Economic Slowdown and ‘Significant’ Inflation Risks: Minutes

FOMC minutes say the United States is at the beginning of a slowdown as the economy faces upside inflation risks and tighter credit conditions.
www.theepochtimes.com www.theepochtimes.com
Click to expand...
The FED Reserve drug their ass for almost a year before they even thought of raising interest rates and tightening the money supply.
ANYONE and EVERYONE reporting inflation / wages / unemployment that is on the Government payroll or is a government contractor is "cooking the books" in order to make the numbers easier to swallow.
I label that as being "politicized"..... Same bull shit as a politician running for office and is after your vote. Telling "We the People" what they want to hear.
Once they are in... Screw you.
There will be a day of reckoning
For the Lord of armies will have a day of reckoning
Against everyone who is arrogant and haughty,
And against everyone who is lifted up,
That he may be brought low.
 
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#3,195
The United States is at the beginning of a slowdown as the economy continues to face significant upside inflation risks and tighter credit conditions, according to new minutes from the July Federal Open Market Committee (FOMC) policy meeting.

Although the economy has been expanding at a "moderate pace," the latest credit developments in the "sound and resilient" banking system were "likely to weigh on economic activity" for businesses and households.

Staff economists no longer see a "mild recession" later this year amid better-than-expected spending and real activity.
S3th said:
Post the article.
Click to expand...
www.nbcnews.com

Fed officials see 'upside risks' to inflation possibly leading to more rate hikes, minutes show

That discussion during a two-day July meeting resulted in a quarter percentage point rate hike that markets generally expect to be the last one of this cycle.
www.nbcnews.com www.nbcnews.com
 
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#3,196
Banks are forecasting a weakened US dollar in H1’24. I don't think they could be any more wrong. As China weakens its currency trying to stimulate an exhausted economy, America will benefit more so than not.
 
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#3,200
S3th said:
I am in the belief that inflation has been beaten. We will likely see a small tick up in Q3 then back on track. Rates higher for longer is going to surprise the market and that is when the marriage fails apart.
Click to expand...
Pay attention to the UK and how inflation is running there. I think their reporting is more truthful than what the US Government is posting.
It's a slow motion game of "Leap Frog".
Inflation goes up
Wages go up
Inflation goes up
Wages go up

Those people who are making more are simply spending it to cover the same bills that are now inflated.
It's a vicious cycle.
British are excited that "Interest Only" loans are now being offered to the home owners.
How long will it take to pay off an "interest only" loan ? Basically it is nothing more than a rent payment.

The "cycles" we are witnessing can not go on forever.

A game of Musical Chairs for Americans.
 
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