The Investment Thread (3 Viewers)

[efil4stnias]

Trump said "fed has gone crazy". (regarding interest rates)

This guy....

 

[Saint_Ward]

Wait until we figure out what rebalancing is happening. This is premium pullback based on rates. Let it settle out - three days.

Strapped in... this is ugly.

 

[GilFinnerty]

Pulled out myself

 

[Saint_Ward]

Pulled out myself

Too late for.me I think. Luckily most are long term investments, so I'm still up a lot.

But man... a lot of value went poof.

 

[Saint_Ward]

Outside of quarterly earnings reports.. we need an agreement with China to make the market feel good again.

Sad, TPP probably would have been the best way to deal with China going forward...

 

[El Caliente]

People threw away the “sell in May and go away” saying and just let it ride for too long. I am waiting til late December beforehand I get back in. I have spoken with a few of our wealth advisors here at the bank and they are telling me to keep things in a money market until then. It’s not sexy, but 2.25% is 2.25%.

 

[El Caliente]

Have you guys heard about Amazon looking to get into banking?

https://www.google.com/amp/s/www.ya...hs-ceo-amazon-isnt-banking-yet-192804311.html

I’m not sure how I feel about that right now. Obviously the retail side of banking is changing (fewer branches, fewer tellers, more ATMs), but a giant like Amazon entering banking could really change more than just how banking is performed, but it will change basic rates etc. as that’s what competition breeds. I’m interested to see where this goes.

 

[Saint_Ward]

Looks like some bounce back today, we'll see.

Not sure about Amazon and banking. Not sure why they'd want to.

You already have outfits like Discover doing the online banking, offering good interest rates on normal savings accounts.

 

[efil4stnias]

Pulled out myself

been thru some of these to know a few months from now will be back at levels equal to a week ago.
stair-stepping is just the nature of this market - trades on emotion and headlines. We have earnings soon so that should help stem the negative.
My broker started stacking my deposits in Money Market few weeks ago and said we will wait til around November to start looking to buy. Dude was spot on.

If the bleeding slows or stops today, it was a mild correction. if it continues, im gettin drunk tonite lol

 

[GilFinnerty]

What yall think of Baba? Screaming Buy to me

 

[efil4stnias]

What yall think of Baba? Screaming Buy to me

I was in Baba. got it over a year ago on some positive outlook. For 4 months it wallowed between 2% and -5%. After the 5th month, i got out just over even. I thnk Chuck had bought recently so he may know much more about.

Now on this pull back, it may be discounted, but seems they are having a tough time getting over that $200/share mark.

Just got alert on Altria Group....looking to buy stake in Aphria LTD ( Cannibis maker in Canada ) . just over 10 years ago i was playin poker with a guy from Morgan Stanley. All of us started talking about legalizing marijuana etc. He said " get in Altria Group- if weed is ever legalized, they will be the grand daddys of distribution". I need to drop him a line to see if he followed his own advice. lol.

This marijuana stuff has me intrigued. If Altria Group does this, with their "lobbying power" on the Hill, do you think this will start discussion in earnest about legalization?

 

[Saint_Ward]

been thru some of these to know a few months from now will be back at levels equal to a week ago.
stair-stepping is just the nature of this market - trades on emotion and headlines. We have earnings soon so that should help stem the negative.
My broker started stacking my deposits in Money Market few weeks ago and said we will wait til around November to start looking to buy. Dude was spot on.

If the bleeding slows or stops today, it was a mild correction. if it continues, im gettin drunk tonite lol

Looking like you should get drunk tonight.....

 

[efil4stnias]

Looking like you should get drunk tonight.....

Looks like earnings guidance from NTFLX is going to be an underpefromer, TELSA with issues, Sears announced chapter 7 plans ( earlier in week ), Starbucks misses, China crap....its all piling on at same time.

But i think this happens every friggn year in that Oct seems to be a month of turmoil historically.

Heck i remember 2 or 3 years ago...FB was set to report better than expected, stock climbed to $138ish...dropped back. Earnings BEAT estimates and i woke the next morning to a sell off and 10% pull back....it drove me because i was in prime position to jump on the $140+ and sell...instead...got out at $122.

But my broker said few weeks back...its all "headlines and emotion" right now. Very fickle market.

so im standing pat. not selling because i know it will climb back up. Hopefully it will just do it in a much more tedious yet market way of slow and steady instead of meteoric rises ( followed by drops of same caliber)

 

[You]

I actually think rates need to tick up a bit.

I have been fristrated for over 20 years about the fed rate policy which I deemed to be rigged.

Sure it’ll hurt the housing market for a bit and stocks, but There are a lot of boomers that can take advantage of the higher rates through bonds or even cd’s.

Rates are still at historical lows

 

[efil4stnias]

I actually think rates need to tick up a bit.

I have been fristrated for over 20 years about the fed rate policy which I deemed to be rigged.

Sure it’ll hurt the housing market for a bit and stocks, but There are a lot of boomers that can take advantage of the higher rates through bonds or even cd’s.

Rates are still at historical lows

how so?

and rates are ticking up. what are you talking about?

Providing cover for a certain demographic doesnt sit well with me. My counter is you had your opportunity to save/invest...you made choices that either allowed or didnt allow. Either way, you are asking the GOVERNMENT to help you out thru monetary policy that will benefit boomers only???? rrrrrreally brown???