Any good stock ideas? Markets been really strange lately. Have a wad parked in 9 month cds @ 5.1% but also looking for ideas for better returns in the market.
Last edited by CosmicCowboy; 08-26-2023 at 06:53 PM.
Yeah the short term CDs have been surprisingly nice at 5+%. Doesn't seem that long ago the 12 month+ CDs were closer to 3. I mean, it's not gonna make anyone rich but it's nice pocket change.
AI stocks intrigue me.
I put a little extra in Tesla stock when I heard they would be "sharing" their EV pumps with other manufacturers, seems to be still trending up
Yeah Nvidia has gone to the moon this year but 40x future earnings seems rich for me. I put 25k in ASML instead. Seems the guys that have a lock to build the machines that can build the chips that are required for AI will do well.
Just go to Tahoe.
As always; just the 4-FOUR-4 letters...
FDIC
This tbh,,,,otherwise stock market is for suckers. Only a few make life changing money and the rest sweat the ups and downs and die early of high blood pressure. Make enough money to invest very conservatively and you will have no worries. If youre relying on the stock market to make your life,,,,youre in trouble already,,,,,
That's it & that's all.
If the risk on scenario is looming, as some think, it might be a good idea to buy some bonds. That way you at least get some kind of payout if the stock market goes to .
CDs and some moneymarket funds are paying better than government bonds. There are also some stocks that give you the best of both dividends and potential cap gains like energy stocks. Bonds are also interest rate sensitive and lose value in inflationary markets.
what if deflation is the real danger now?
& pass up all that money they'd been rackin' in since mother er Biden got sworn to squat? Please.
I dont see that ever happening.
I know, CC, I already read him the riot act. What a dummy, eh? Here I thought the Winester was, you know, a pretty sharp dude. Uh, uh. Nope.
It'll be a damn long time before we ever let him forget this booger, eh, CC?
Not ever? Weird.
...well, at least until Biden stops taking it from us in boodles and giving it to the Nazi's in Ukraine after skimming just barely more than half of the aforementioned boodle to hire Black women & men to go American-door-to-American-door confiscating gas stoves, light bulbs & ceiling fans & hopefully every in' pair of peddle pushers they can get their ass scratchers on.
Dividend investing isn't for everyone but I like VICI, SCHD (safe as it gets), SVOL (risky with a 17% yield). You will get no growth with PFLT... But 11.78% dividend paid monthly is sweet.
20% tech in portfolio as well.
Been contemplating a move to cash equivalents on my entire portfolio. I don't like trying to time the market, but there are a lot of signs pointing to a major downward correction on the horizon and I think we could be on the precipice of a real housing bubble (again). Fed has done a good job calming inflation, but this interest rate environment is going to put a lot of strain on an economy filled with individuals with no savings. Student loan relief may help, but I'm not optimistic.
I'm torn between moving to cash equivalents and dollar cost averaging on index funds.
Also, the inflation we experienced coming out of Trump escalation of the deficit and COVID spending, and the subsequent response from the Fed was about the most predictable economic outcome I remember in my lifetime. Hope you all took advantage accordingly.
5.2-5.3% on 1.3 Million is what I currently have, through early August of next year. Guaranteed well over $50K free money after-tax.
Both Biden & Trump are to blame.
Before spring 2020, Trump, Mitch, and co. were doing a very good job. Inflation was under 2% per year and groceries did not increase at all from January 2017 to January 2020. Gas prices were reasonably stable from 2015 to 2020 then they got way too cheap which was good in that it lowered the price of my new hybrid car when I purchased it new, but bad overall because it meant that gas prices were going to go back up to Obama era 2009-2014 levels not too long in the future
The stimulus was always a bad idea and not just the fault of Trump but also both branches of Congress, and Trump definitely should have vetoed it, but it likely would have deep sixed him in the election with a lot of the WWC/HWC vote unfortunately which are his base. As a graduate degree educated upper middle class libertarian whitey I would have strongly commended him for it though. He showed no balls in 2020, not standing up against the stimulus & not summoning the national guard to Tienanmen Square- squelch the Summer 2020 riots. My family on both sides voted for Jorgensen, but it's not like any of us were in swing states so the vote didn't matter.
But Biden did us no favors by cancelling the pipeline and making America energy dependent and a net importer once again
Some deflation would be good. Getting gas prices and bread/grocery prices back down to Obama's last year, i.e. 2016, would help everyone especially the working class, and improve Biden's favorability/job approval to probably a point where he would be re-elected on that issue alone.
In 2020-2021, there was literally no money to be made in the bond market. You couldn't make a living off non-callable CD's even if you had a million bucks to put in it. 2020-2021 was the worst market ever for us risk averse people. Even most of the Trump administration interest rates were too low.
My personal belief is that the Fed should e interest rates to well over 10%, like in the 1980s, to (a) roll back prices back to 2019, and (b) guarantee very minimal inflation for at least the next several years. Millennials especially need a break after the horrors of 2020 to 2022.
Last edited by Millennial_Messiah; 08-27-2023 at 06:31 PM.
Dave Ramsay and others says no housing bubbles because house inventory is low and builders aren't building fast. And no one is going to sell their 1-3% mortgage rate they got before rates went up. Although I agree the prices of these homes are outrageous and not sustainable
lol there is no bubble Dave Ramsey., it's only a matter of time.
the day of payment will not be put off forever, and debts that can't be paid won't be paid, unless the government saves them, er, us.
And the kicker, Winester? The absolute in' livin' end, my fine friend? The longer Putin holds out the longer Biden has to give it away to Nazi's instead of Americans. The best thing for "you," Winester? If Putin would just stick 1 index finger down his throat to ejaculate his doubts & with the other index finger push the button on those Nazi's in Ukraine.
Voila!!!
Blindly ignoring national debt
Dave Ramsey is a clown and completely stupid when it comes to economics. How could anyone take him seriously? He doesn't even have any idea of how the FAFSA works.
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