awful knawful Posted November 17, 2020 Share Posted November 17, 2020 On 9/10/2020 at 2:16 PM, Anler said: Do any of you understand math? Do you know how a ledger works? Do you manage your personal finances by spending more than you make and putting everything over your budget on credit? And then jump up and down over how successful you are because you have all of this stuff? That's the new way isn't it? All the kids at work are doing it. There's no shame in bankruptcy, it's like a badge if honour for them. Quote Link to comment Share on other sites More sharing options...
f7ben Posted November 17, 2020 Share Posted November 17, 2020 (edited) You’d literally have to be dumb as fuck to think this market is based on anything other than the Fed and them crossing every red line imaginable Edited November 17, 2020 by f7ben Quote Link to comment Share on other sites More sharing options...
Mainecat Posted November 17, 2020 Share Posted November 17, 2020 10 hours ago, DriftBusta said: Yeahhhno. WRONG Quote Link to comment Share on other sites More sharing options...
DriftBusta Posted November 17, 2020 Share Posted November 17, 2020 10 hours ago, f7ben said: Sp500 with a PE of 37 during a fucking recession Yeahno the market is fully bought buy the fed and nothing more Guy with your deep well of knowledge and cheery disposition should really be in the business! 1 Quote Link to comment Share on other sites More sharing options...
Angry ginger Posted November 17, 2020 Share Posted November 17, 2020 10 hours ago, Mainecat said: Yup the market does not reflect the economy anymore. when was the last time it was truly a valid reflection of the market. The down times of 08 certainly were oersold you can argue today is overbought but you've said that for the last 20% of return. People who think they can time the market most often fail so I'll just stay in enjoy the growth set some down limits and take your gains from time to time. I've done rebalancing of a few positions that started representing too much of my portfolio as tech stocks did really well this year and put down limits on a bunch more as well as some of my index fund positions. Quote Link to comment Share on other sites More sharing options...
Angry ginger Posted November 17, 2020 Share Posted November 17, 2020 10 hours ago, Mainecat said: Yup the market does not reflect the economy anymore. when was the last time it was truly a valid reflection of the market. The down times of 08 certainly were oversold you can argue today is overbought but you've said that for the last 20% of return. People who think they can time the market most often fail so I'll just stay in enjoy the growth set some down limits and take your gains from time to time. I've done rebalancing of a few positions that started representing too much of my portfolio as tech stocks did really well this year and put down limits on a bunch more as well as some of my index fund positions. Quote Link to comment Share on other sites More sharing options...
Edmo Posted November 17, 2020 Share Posted November 17, 2020 35 minutes ago, Angry ginger said: when was the last time it was truly a valid reflection of the market. The down times of 08 certainly were oversold you can argue today is overbought but you've said that for the last 20% of return. People who think they can time the market most often fail so I'll just stay in enjoy the growth set some down limits and take your gains from time to time. I've done rebalancing of a few positions that started representing too much of my portfolio as tech stocks did really well this year and put down limits on a bunch more as well as some of my index fund positions. I just kept watching the numbers go up while these guys pout. IDGAF if it crashes again because it always comes back. I’m riding it out just like I always do. Quote Link to comment Share on other sites More sharing options...
Angry ginger Posted November 17, 2020 Share Posted November 17, 2020 1 minute ago, Edmo said: I just kept watching the numbers go up while these guys pout. IDGAF if it crashes again because it always comes back. I’m riding it out just like I always do. I've ridden though several drops and as you say they come back. People who try to time markets lose, people who keep investing win. I'm sitting on about 100k in cash right now and I've been looking for some buys, prob will end up adding half to my dividend stocks , place like Altria and Exxons paying north of 8% so WGAF if there is no appreciation to speak of if I'm making that for now. The rest i'll play some with. Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted November 17, 2020 Share Posted November 17, 2020 1 hour ago, Angry ginger said: I've ridden though several drops and as you say they come back. People who try to time markets lose, people who keep investing win. I'm sitting on about 100k in cash right now and I've been looking for some buys, prob will end up adding half to my dividend stocks , place like Altria and Exxons paying north of 8% so WGAF if there is no appreciation to speak of if I'm making that for now. The rest i'll play some with. I sold everything public except 10%. Only keeping private intact. Quote Link to comment Share on other sites More sharing options...
Snake Posted November 17, 2020 Share Posted November 17, 2020 7 hours ago, Edmo said: I just kept watching the numbers go up while these guys pout. IDGAF if it crashes again because it always comes back. I’m riding it out just like I always do. 28% for the year right now. Sure makes the numbers in the 401k hop. Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member steve from amherst Posted November 17, 2020 Platinum Contributing Member Share Posted November 17, 2020 8 hours ago, Angry ginger said: when was the last time it was truly a valid reflection of the market. The down times of 08 certainly were oversold you can argue today is overbought but you've said that for the last 20% of return. People who think they can time the market most often fail so I'll just stay in enjoy the growth set some down limits and take your gains from time to time. I've done rebalancing of a few positions that started representing too much of my portfolio as tech stocks did really well this year and put down limits on a bunch more as well as some of my index fund positions. It,s an auction fueled by supply nd demand. nothing more. Quote Link to comment Share on other sites More sharing options...
Mainecat Posted November 17, 2020 Share Posted November 17, 2020 1 minute ago, steve from amherst said: It,s an auction fueled by supply nd demand. nothing more. No it’s a corporate casino. Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member steve from amherst Posted November 17, 2020 Platinum Contributing Member Share Posted November 17, 2020 Just now, Mainecat said: No it’s a corporate casino. So where is your retirement invested in ? Quote Link to comment Share on other sites More sharing options...
Mainecat Posted November 17, 2020 Share Posted November 17, 2020 3 minutes ago, steve from amherst said: So where is your retirement invested in ? The casino mostly bonds. Sold all the real estate. The real estate was something you could touch and see...the market no guarantees. Plus lotsa cash buried in cans everywhere...lol Quote Link to comment Share on other sites More sharing options...
DriftBusta Posted November 17, 2020 Share Posted November 17, 2020 12 minutes ago, steve from amherst said: It,s an auction fueled by supply nd demand. nothing more. Thats exactly what it is. There are ALWAYS opportunities out there, some are able to take advantage most are not. Bro and I decided to liquidate all the real estate and just grow it on the computer. Quote Link to comment Share on other sites More sharing options...
f7ben Posted November 17, 2020 Share Posted November 17, 2020 23 minutes ago, steve from amherst said: It,s an auction fueled by supply nd demand. nothing more. Except for the fact that the largest bidder is the fed reserve and they are committed to unlimited price support via mortgaging our future So it’s nothing like a fucking auction based on supply and demand Quote Link to comment Share on other sites More sharing options...
DriftBusta Posted November 17, 2020 Share Posted November 17, 2020 1 minute ago, f7ben said: Except for the fact that the largest bidder is the fed reserve and they are committed to unlimited price support via mortgaging our future So it’s nothing like a fucking auction based on supply and demand North of 35% two years in a row. Sorry you feel that way. I think we're good on this end. Please tell me you didn't withdraw from your 401k, pay a penalty and put all your money into boat parts? Quote Link to comment Share on other sites More sharing options...
f7ben Posted November 17, 2020 Share Posted November 17, 2020 3 minutes ago, DriftBusta said: North of 35% two years in a row. Sorry you feel that way. I think we're good on this end. Please tell me you didn't withdraw from your 401k, pay a penalty and put all your money into boat parts? I made about 30k flipping boat parts this summer. It’s actually a decent pass time Quote Link to comment Share on other sites More sharing options...
snoughnut Posted November 18, 2020 Share Posted November 18, 2020 1 hour ago, DriftBusta said: Thats exactly what it is. There are ALWAYS opportunities out there, some are able to take advantage most are not. Bro and I decided to liquidate all the real estate and just grow it on the computer. That reminds me, Governor Evers is giving homeowners and tenants a 12 month reprieve from eviction or foreclosure because of Covid, that's going to fuck alot of landlords. Motonoggin will be happy about that news. Quote Link to comment Share on other sites More sharing options...
motonoggin Posted November 18, 2020 Share Posted November 18, 2020 2 hours ago, snoughnut said: That reminds me, Governor Evers is giving homeowners and tenants a 12 month reprieve from eviction or foreclosure because of Covid, that's going to fuck alot of landlords. Motonoggin will be happy about that news. Maybe landlords should just get jobs. Maybe take some classes or learn a new skill and make themselves more valuable... Quote Link to comment Share on other sites More sharing options...
DriftBusta Posted November 18, 2020 Share Posted November 18, 2020 41 minutes ago, motonoggin said: Maybe landlords should just get jobs. Maybe take some classes or learn a new skill and make themselves more valuable... I would love to have you walk a mile in my shoes, just so you can see how dumb you sound. I have alotta skills, but there are only so many hours in the day. Quote Link to comment Share on other sites More sharing options...
motonoggin Posted November 18, 2020 Share Posted November 18, 2020 40 minutes ago, DriftBusta said: I would love to have you walk a mile in my shoes, just so you can see how dumb you sound. I have alotta skills, but there are only so many hours in the day. That's what I constantly hear when I say wages need to rise. I figured I'd turn it around on landlords. Quote Link to comment Share on other sites More sharing options...
Guest Posted November 18, 2020 Share Posted November 18, 2020 6 hours ago, f7ben said: I made about 30k flipping boat parts this summer. It’s actually a decent pass time Will you STFU about the market. We don't need your fukkin advice. We know what's involved, so SHUT THE FUCK UP!! Quote Link to comment Share on other sites More sharing options...
Guest Posted November 18, 2020 Share Posted November 18, 2020 6 hours ago, f7ben said: I made about 30k flipping boat parts this summer. It’s actually a decent pass time You made dog-shit, you lyin' fuck. Post pics of EVERYTHING you sold, and list the amount you PAID for and SOLD each item. Document EVERY part you sold, and list the BUYER'S FIRST NAME and street, city. Quote Link to comment Share on other sites More sharing options...
f7ben Posted November 18, 2020 Share Posted November 18, 2020 5 hours ago, Polaris 550 said: You made dog-shit, you lyin' fuck. Post pics of EVERYTHING you sold, and list the amount you PAID for and SOLD each item. Document EVERY part you sold, and list the BUYER'S FIRST NAME and street, city. Eat a dick you welching lying faggot. I posted countless pics and owned your retarded faggot ass all summer. You’re so fucking dumb you think pulling an outboard off a boat is magic and to be left to professionals Quote Link to comment Share on other sites More sharing options...
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