Texsox Posted June 16, 2022 Share Posted June 16, 2022 21 hours ago, HOFHurt35 said: 23% kill off to my 401K and counting. 🤮 Fortunately the glide path my 403b has been on is moving away from stocks. Which is great today, but was a bit frustrating last year when I didn't see the gains I was hoping for. Quote Link to comment Share on other sites More sharing options...
Bob Sacamano Posted June 20, 2022 Share Posted June 20, 2022 On 6/14/2022 at 10:49 AM, southsider2k5 said: I have a mix of bitcoin, etherium, shiba inu, and Ren right now. Etherium is probably the one I believe in most as it has the most practical applications going forward. Bitcoin has a real scarcity thing going for it. On 6/14/2022 at 12:59 PM, he gone. said: also as a rule of thumb drawdowns are 80%+ in bitcoin and 90-95% for alt coins. Ethereum, alts, and bitcoin will have another waterfall leg down. You'll be able to buy bitcoin sub $20k (personal guess in that $15k range) and ETH in that $600-800 range. I ended up buying Doge and Shiba Inu late last week. Quote Link to comment Share on other sites More sharing options...
southsider2k5 Posted July 8, 2022 Share Posted July 8, 2022 On 5/17/2022 at 4:44 PM, southsider2k5 said: Watching Elon get scared and search for a way out of his Twitter mess is very entertaining to say the least. He is officially out now. Quote Link to comment Share on other sites More sharing options...
Balta1701 Posted July 8, 2022 Share Posted July 8, 2022 1 hour ago, southsider2k5 said: He is officially out now. More accurately, he's officially on his way to court now, and a lot of lawyers are about to make a lot of money. Right? Quote Link to comment Share on other sites More sharing options...
southsider2k5 Posted July 8, 2022 Share Posted July 8, 2022 1 minute ago, Balta1701 said: More accurately, he's officially on his way to court now, and a lot of lawyers are about to make a lot of money. Right? Yeah, he is going to lose something like 9 figures because he doesn't know when to shut up most specifically. Quote Link to comment Share on other sites More sharing options...
Balta1701 Posted July 8, 2022 Share Posted July 8, 2022 Just now, southsider2k5 said: Yeah, he is going to lose something like 9 figures because he doesn't know when to shut up most specifically. Is it true that there's some chance that Twitter's board will be able to get a court to say "Screw you you're paying up fully as they kept up their end of the deal completely"? Quote Link to comment Share on other sites More sharing options...
southsider2k5 Posted July 8, 2022 Share Posted July 8, 2022 9 minutes ago, Balta1701 said: Is it true that there's some chance that Twitter's board will be able to get a court to say "Screw you you're paying up fully as they kept up their end of the deal completely"? They are going to sue for it. My guess is they settle around the break up fee. Musk is citing cause to not pay the fee. Twitter is going to sue to try to get the deal done, but it is the way to try to get something out of him short of the full $44bil by keeping leverage over him with this lawsuit. Quote Link to comment Share on other sites More sharing options...
RTC Posted July 8, 2022 Share Posted July 8, 2022 Sleeping like a baby. If you’re not then your AA was not in line with your risk tolerance. Quote Link to comment Share on other sites More sharing options...
KrankinSox Posted July 8, 2022 Share Posted July 8, 2022 I think Elon will be ok. Quote Link to comment Share on other sites More sharing options...
CentralChamps21 Posted July 8, 2022 Share Posted July 8, 2022 On 6/20/2022 at 2:28 PM, Bob Sacamano said: I ended up buying Doge and Shiba Inu late last week. So, when I was 12, I took half of the $2000 I'd saved from mowing lawns and shoveling snow and bought bitcoin (through my Dad) when it was around $250. When it hit $12K, I sold half of it for $24K. When it hit $40K, I sold half of what I had left for $40K. Probably just hanging on to the rest. 1 Quote Link to comment Share on other sites More sharing options...
southsider2k5 Posted July 8, 2022 Share Posted July 8, 2022 Also for the record, this is why Twitter didn't want to take Musk seriously. Problem is once he said he had financing, they had to because of due diligence. Quote Link to comment Share on other sites More sharing options...
KrankinSox Posted July 8, 2022 Share Posted July 8, 2022 14 minutes ago, CentralChamps21 said: So, when I was 12, I took half of the $2000 I'd saved from mowing lawns and shoveling snow and bought bitcoin (through my Dad) when it was around $250. When it hit $12K, I sold half of it for $24K. When it hit $40K, I sold half of what I had left for $40K. Probably just hanging on to the rest. Nice! 1 Quote Link to comment Share on other sites More sharing options...
KrankinSox Posted July 9, 2022 Share Posted July 9, 2022 6 hours ago, Balta1701 said: More accurately, he's officially on his way to court now, and a lot of lawyers are about to make a lot of money. Right? And Twitter will have to make its internal data available to discovery. Quote Link to comment Share on other sites More sharing options...
ron883 Posted July 9, 2022 Share Posted July 9, 2022 23 hours ago, CentralChamps21 said: So, when I was 12, I took half of the $2000 I'd saved from mowing lawns and shoveling snow and bought bitcoin (through my Dad) when it was around $250. When it hit $12K, I sold half of it for $24K. When it hit $40K, I sold half of what I had left for $40K. Probably just hanging on to the rest. Your dad had some damn good foresight having you buy that early and hold that long 1 Quote Link to comment Share on other sites More sharing options...
KrankinSox Posted July 13, 2022 Share Posted July 13, 2022 CPI data out, inflation at 9.1%. Early stock prices taking a tumble after the report. But, hey, the USD is on par with the Euro. Go on vacation to Italy! Quote Link to comment Share on other sites More sharing options...
southsider2k5 Posted July 13, 2022 Share Posted July 13, 2022 19 minutes ago, KrankinSox said: CPI data out, inflation at 9.1%. Early stock prices taking a tumble after the report. But, hey, the USD is on par with the Euro. Go on vacation to Italy! Big steal on that 7.3% Italian inflation rate there. 1 Quote Link to comment Share on other sites More sharing options...
bmags Posted August 5, 2022 Share Posted August 5, 2022 Holy jobs report. Quote Link to comment Share on other sites More sharing options...
he gone. Posted August 5, 2022 Share Posted August 5, 2022 Surprising for sure. Looking back on recession data generally jobs lag by 5-9 months. History doesn't always repeat, but it rhymes. This is obviously a weird time. Still feels uncertain to me with a ton of variables that can take this in any direction. Too unstable to make any long term decisions. Cash seems like the play still. If i had to take a guess is the market continues its bounce from the bottom over next 30-60 days. I do think post harvest and into to the new year will be rough and probably retest the previous lows with a wick down for a bit in Q1 2023. Quote Link to comment Share on other sites More sharing options...
StrangeSox Posted August 5, 2022 Share Posted August 5, 2022 7 hours ago, bmags said: Holy jobs report. Quote Link to comment Share on other sites More sharing options...
CentralChamps21 Posted August 5, 2022 Share Posted August 5, 2022 1 minute ago, StrangeSox said: and here I thought they'd add at most WQV,000 jobs this month. Quote Link to comment Share on other sites More sharing options...
southsider2k5 Posted August 5, 2022 Share Posted August 5, 2022 7 hours ago, he gone. said: Surprising for sure. Looking back on recession data generally jobs lag by 5-9 months. History doesn't always repeat, but it rhymes. This is obviously a weird time. Still feels uncertain to me with a ton of variables that can take this in any direction. Too unstable to make any long term decisions. Cash seems like the play still. If i had to take a guess is the market continues its bounce from the bottom over next 30-60 days. I do think post harvest and into to the new year will be rough and probably retest the previous lows with a wick down for a bit in Q1 2023. There has never been an economic situation like we have seen the last 2.5 years. Pieces of it are comparable, but the entire package is unique. Quote Link to comment Share on other sites More sharing options...
The Beast Posted August 6, 2022 Share Posted August 6, 2022 If you get beyond the politics of this article, it brings up some good points about immigration. I wonder if more immigration to take some of the less than desired and also skilled labor would help some some of our economic issues and cut down inflation. It’s too bad that immigration is a wedge issue and not one that both parties want to solve since it would strengthen our economy. More immigration, less inflation Quote Link to comment Share on other sites More sharing options...
southsider2k5 Posted August 6, 2022 Share Posted August 6, 2022 2 hours ago, The Beast said: If you get beyond the politics of this article, it brings up some good points about immigration. I wonder if more immigration to take some of the less than desired and also skilled labor would help some some of our economic issues and cut down inflation. It’s too bad that immigration is a wedge issue and not one that both parties want to solve since it would strengthen our economy. More immigration, less inflation If you overlay this number with covid deaths plus the missing immigration numbers since 2016, we are missing millions of potential employees that we normally would have had. 1 Quote Link to comment Share on other sites More sharing options...
Texsox Posted August 6, 2022 Share Posted August 6, 2022 4 hours ago, The Beast said: If you get beyond the politics of this article, it brings up some good points about immigration. I wonder if more immigration to take some of the less than desired and also skilled labor would help some some of our economic issues and cut down inflation. It’s too bad that immigration is a wedge issue and not one that both parties want to solve since it would strengthen our economy. More immigration, less inflation I've always found it strange we put all our efforts into stopping minimum wage immigration while ignoring high wage immigration. 1 Quote Link to comment Share on other sites More sharing options...
Balta1701 Posted August 8, 2022 Share Posted August 8, 2022 On 8/6/2022 at 5:27 PM, Texsox said: I've always found it strange we put all our efforts into stopping minimum wage immigration while ignoring high wage immigration. High wage immigration has very substantial limitations on it as well. Green cards take years to get even when people have jobs. It costs tens of thousands of dollars in time and legal fees to make that happen for most people. 2 Quote Link to comment Share on other sites More sharing options...
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