Gold Member BOHICA Posted June 23, 2020 Gold Member Share Posted June 23, 2020 Been huge paychecks, lack of traffic, and back yard home improvements. Pretty much forgot I was bored at the onset of Covid Panic opened a Robinhood account with about $2500. Opened my app today to take a peak and it looks like I have pretty much doubled my money. Should have dumped a a 100 in but was skeptical. how has 2020 been for you guys so far? Any complaints? 2 Quote Link to comment Share on other sites More sharing options...
Matt Posted June 23, 2020 Share Posted June 23, 2020 Really sucky here. My portfolio looks incredible too, and I bought pretty heavy in the dip when the Dow was around 16k. But with the stuff going wrong this year, any happiness from earning is way more than offset by shitty things. 1 Quote Link to comment Share on other sites More sharing options...
racer254 Posted June 23, 2020 Share Posted June 23, 2020 Good for you. Quote Link to comment Share on other sites More sharing options...
Guest Posted June 23, 2020 Share Posted June 23, 2020 I was prepared for a massive stock crash, I was more worried about the fukkin COVID....still am. My portfolio is almost back to ATH. I can't believe it. AC, Woofie, can you believe this shit!!!!!! 5 minutes ago, Matt said: Really sucky here. My portfolio looks incredible too, and I bought pretty heavy in the dip when the Dow was around 16k. But with the stuff going wrong this year, any happiness from earning is way more than offset by shitty things. I hear ya' dood. The covid, the race stuff, it really sucks. I know it has really pissed me off. Hang in there, sooner or later ......it will pass. Quote Link to comment Share on other sites More sharing options...
Gold Member BOHICA Posted June 23, 2020 Author Gold Member Share Posted June 23, 2020 7 minutes ago, Matt said: Really sucky here. My portfolio looks incredible too, and I bought pretty heavy in the dip when the Dow was around 16k. But with the stuff going wrong this year, any happiness from earning is way more than offset by shitty things. My 401k and my home value are doing really well. It makes me want to sell the house with all the gains I think I have in my home value Quote Link to comment Share on other sites More sharing options...
Guest Posted June 23, 2020 Share Posted June 23, 2020 Neighbor across the street has his home up. I figured with the Covid, he would sit on it for quite a while. He's had two offers ABOVE ASKING!! One backed out, one could not get the financing. Market is apparently still good. Quote Link to comment Share on other sites More sharing options...
Angry ginger Posted June 23, 2020 Share Posted June 23, 2020 Just now, Polaris 550 said: Neighbor across the street has his home up. I figured with the Covid, he would sit on it for quite a while. He's had two offers ABOVE ASKING!! One backed out, one could not get the financing. Market is apparently still good. not uncommon to see 5-10 offers on property right now. I had 5 customers make over ask offers this weekend only 1 was accepted others were beaten out. there is still a lack of inventory which is driving prices up. Quote Link to comment Share on other sites More sharing options...
Mainecat Posted June 23, 2020 Share Posted June 23, 2020 (edited) Long term foreclosures will be brutal on home prices. Once the free Trump cash gets blown it’s gonna get nasty. the longer Trump ignores the growing pandemic the worse the economy becomes. Edited June 23, 2020 by Mainecat Quote Link to comment Share on other sites More sharing options...
Matt Posted June 23, 2020 Share Posted June 23, 2020 My neighbor put his house up last week. He had 6 offers over asking price, 2 of which were cash by 3 PM the next day. Housing market here is super hot. Inventory is way down compared to normal. Boat dealers can't keep boats in stock. Local Malibu dealer is completely sold out of 2020s, even some of the uglier floor models. People have cash to burn. Quote Link to comment Share on other sites More sharing options...
Angry ginger Posted June 23, 2020 Share Posted June 23, 2020 14 minutes ago, Mainecat said: Long term foreclosures will be brutal on home prices. Once the free Trump cash gets blown it’s gonna get nasty. the longer Trump ignores the growing pandemic the worse the economy becomes. they are smarter this time and are trying to do what they can to keep foreclosues from destroying the market. Loan performance is not actually all that bad and forebearence numbers are not huge. we have some time to get the job situation straight before there should be a run on foreclosures. I do wish i could get out now and rent till i am ready to buy when the market falls, that is inevitable not jsut something because of Trumps actions, we have had almost a decade of rise- just like the stock market one can't ride that forever. I did dump all my 529 plan holdings the other day because of my feelings about that. I will use all that money over the next 30 months so no reason to risk it when i have enough to cover the obligations. 1 Quote Link to comment Share on other sites More sharing options...
Voodoo Posted June 23, 2020 Share Posted June 23, 2020 12 minutes ago, Matt said: My neighbor put his house up last week. He had 6 offers over asking price, 2 of which were cash by 3 PM the next day. Housing market here is super hot. Inventory is way down compared to normal. Boat dealers can't keep boats in stock. Local Malibu dealer is completely sold out of 2020s, even some of the uglier floor models. People have cash to burn. That's awesome...but... I can see a scenario where governments will have little choice but introduce a wealth tax. If business and employment taxes can't feed the bloated government it's unfair share, which is likely for some time...I'd hide your money, not flaunt it. Personally I invested in .556, .762, and the devices that eat them. Quote Link to comment Share on other sites More sharing options...
Anler Posted June 23, 2020 Share Posted June 23, 2020 56 minutes ago, Angry ginger said: not uncommon to see 5-10 offers on property right now. I had 5 customers make over ask offers this weekend only 1 was accepted others were beaten out. there is still a lack of inventory which is driving prices up. My niece is a realtor and she says market is red hot right now. She listed a house last week and sold it for asking price in 48 hours. Quote Link to comment Share on other sites More sharing options...
Mainecat Posted June 23, 2020 Share Posted June 23, 2020 21 minutes ago, Angry ginger said: they are smarter this time and are trying to do what they can to keep foreclosues from destroying the market. Loan performance is not actually all that bad and forebearence numbers are not huge. we have some time to get the job situation straight before there should be a run on foreclosures. I do wish i could get out now and rent till i am ready to buy when the market falls, that is inevitable not jsut something because of Trumps actions, we have had almost a decade of rise- just like the stock market one can't ride that forever. I did dump all my 529 plan holdings the other day because of my feelings about that. I will use all that money over the next 30 months so no reason to risk it when i have enough to cover the obligations. Sounds good. Quote Link to comment Share on other sites More sharing options...
Mainecat Posted June 23, 2020 Share Posted June 23, 2020 13 minutes ago, Anler said: My niece is a realtor and she says market is red hot right now. She listed a house last week and sold it for asking price in 48 hours. Rates are historically low. Quote Link to comment Share on other sites More sharing options...
Angry ginger Posted June 23, 2020 Share Posted June 23, 2020 17 minutes ago, Anler said: My niece is a realtor and she says market is red hot right now. She listed a house last week and sold it for asking price in 48 hours. yup that market seems to be spread out all over the place that hot. We lend in 17 states up and down the east coast and outside some small pockets everyone has strong home sales right now. Combined with the rates being low for refi's this will be the best year ever for business for the company and a lot of the staff. 1 Quote Link to comment Share on other sites More sharing options...
Anler Posted June 23, 2020 Share Posted June 23, 2020 33 minutes ago, Angry ginger said: yup that market seems to be spread out all over the place that hot. We lend in 17 states up and down the east coast and outside some small pockets everyone has strong home sales right now. Combined with the rates being low for refi's this will be the best year ever for business for the company and a lot of the staff. Good news! Quote Link to comment Share on other sites More sharing options...
Guest Posted June 23, 2020 Share Posted June 23, 2020 I can't believe how good the market is doing. I just can't believe it. A friend of mine called a few days ago, said they went up to Winnepesaukee, and the place was MOBBED. BOATS by the hundreds if not thousands. Traffic was bumper to bumper at Hampton Beach, on another day. WTF!!!!! Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted June 23, 2020 Share Posted June 23, 2020 2 hours ago, Polaris 550 said: I was prepared for a massive stock crash, I was more worried about the fukkin COVID....still am. My portfolio is almost back to ATH. I can't believe it. AC, Woofie, can you believe this shit!!!!!! I hear ya' dood. The covid, the race stuff, it really sucks. I know it has really pissed me off. Hang in there, sooner or later ......it will pass. Believe it, Maga. Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted June 23, 2020 Share Posted June 23, 2020 1 hour ago, Anler said: My niece is a realtor and she says market is red hot right now. She listed a house last week and sold it for asking price in 48 hours. Real estate here is holding, but it's not hot, that's the residential market, I would stay away from that. Quote Link to comment Share on other sites More sharing options...
Ez ryder Posted June 23, 2020 Share Posted June 23, 2020 4 hours ago, Angry ginger said: not uncommon to see 5-10 offers on property right now. I had 5 customers make over ask offers this weekend only 1 was accepted others were beaten out. there is still a lack of inventory which is driving prices up. my cabin neighbor listed and sold sight unseen with a over cash offer in just hrs after listing went live . closed in 21 days . thinking real real hard about listing my cabin in july . I am going to be building a new home this fall/winter and really don't want to have any debt on it . Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted June 23, 2020 Share Posted June 23, 2020 2 hours ago, Polaris 550 said: I can't believe how good the market is doing. I just can't believe it. A friend of mine called a few days ago, said they went up to Winnepesaukee, and the place was MOBBED. BOATS by the hundreds if not thousands. Traffic was bumper to bumper at Hampton Beach, on another day. WTF!!!!! Spend some. 1 Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Highmark Posted June 23, 2020 Platinum Contributing Member Share Posted June 23, 2020 4 hours ago, Polaris 550 said: Neighbor across the street has his home up. I figured with the Covid, he would sit on it for quite a while. He's had two offers ABOVE ASKING!! One backed out, one could not get the financing. Market is apparently still good. That one meet you? Quote Link to comment Share on other sites More sharing options...
Guest Posted June 23, 2020 Share Posted June 23, 2020 1 minute ago, Highmark said: That one meet you? Wut, you think that's funny???? Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Highmark Posted June 23, 2020 Platinum Contributing Member Share Posted June 23, 2020 2 minutes ago, Polaris 550 said: Wut, you think that's funny???? I know it is. Quit running around in your pee stained undies and he might have a chance to sell the place. 1 Quote Link to comment Share on other sites More sharing options...
racinfarmer Posted June 23, 2020 Share Posted June 23, 2020 4 hours ago, Matt said: My neighbor put his house up last week. He had 6 offers over asking price, 2 of which were cash by 3 PM the next day. Housing market here is super hot. Inventory is way down compared to normal. Boat dealers can't keep boats in stock. Local Malibu dealer is completely sold out of 2020s, even some of the uglier floor models. People have cash to burn. And cheap credit! 1 Quote Link to comment Share on other sites More sharing options...
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