HEY JACK- Nancy America is the number one President of all time, PERIOD. She's an O'Biden Bamacrat and my good friend BARACKA Flocka Flame America can back me up on it. We believe that all people are created by the, you know the thing! Come on man! GIVE. ME. A. BREAK. Is my time up? No, ok... No, put that last slide back up, ok, so here's the deal. We've got a prov-- my times up. Yes sir.
Economic theory sometimes does not hold up in reality. Trump's era is one of those times. Nobody predicted this sudden soar, everyone was saying how the economy will continue to recess and might even crash.
The stock market has been divorced from economic reality for 12 years. I hated when Obama pointed to it just like I hate when Trump points to it. The difference is the severity of the hatred due to Trump actually giving people hope in the economy again and actually getting corporations to invest rather than just dump everything into share buybacks.
During the original debates Trump called out the economy as being in a giant bubble. It was a relief.
Then when he took office and interest rates were ticking up, he could have phrased it as positive for the savings of the older people working towards retirement, but he didn't. Instead we ended up with an even bigger asset bubble masking the horrible economy underneath.
And then he started pushing for rates lower than Germany and Japan which are negative lol. The logic behind negative rates is it will force spending in the economy and get money velocity to take off but Japanese people stopped spending and started saving more than ever proving negative interest rates don't work as advertised and just allows the government to take on more debt to give to themselves and their friends. I'm a big fan of Trump but he has some real boneheaded stances.
I am... because it's socialism ... Capitalism means allowing failure. many many paper millionaires should have lost their shirts but didn't not to mention the homes that would have to be foreclosed .
Democrats have taught me so much especially how to navigate through history. For instance, how Lincoln would be a Democrat today and the parties switched but then switched back for FDR and Kennedy and then switched again. And everything bad during Obama was from Bush and everything good from Trump isn’t really good but if it is, it’s Obama’s doing.
The left has essentially acted like a person who wants to crash the plane just because they didn’t get to be the pilot. WTF is wrong with these people?
You think I liked Obama? Hell no. But do you think I actively root for the destruction of our country?
I bought a few shares of Tesla in my retirement account back in November and my dick has been erect ever since.
They are the only company I own a share of stock in because too many CEOs are cucked and I can’t invest in that shit willingly. They are massacring their own companies for wokeness.
I gotta tell you guys, I love Emperor Trump but man, this stock market looks like the biggest bubble ever to me. It is grossly overvalued with Depression-level unemployment (you have to include people on PPP who will be unemployed soon), and the real economy was totally decimated. Tech stands on the shoulders of the real economy, too. It is one giant bubble full of speculative money. Let's put it this way, it would take many, many, many years of earnings to justify the current prices. The path of least resistance, the way this kind of "overbought" level typically works itself off, is through a rapid and major correction (decline). Usually it happens when a few people see the real economic data and get nervous, and then the panic spreads rapidly like contagion, and before you know it you're in the throes of panic and blood on the street. It's happened many times and this could be a historic selloff for the textbooks, one to tell your grandchildren about (if our society makes it that far). The Fed is a buyer and their only priority is to keep the system from falling apart, they don't care what the value (price) of assets is, so long as society barely functions and the markets are stable. So they will step in only right before stuff totally breaks permanently. That's not saying much. Real stock values are much lower than current levels. We probably sell off extremely hard soon and stay down for a very very long time, most things might never come back especially if the far left comes to power and they nationalize the stock market, tax the rich, permanent negative rates and socialism/fascism takes hold
Hey man, i'm a stock guy and I'm just callin it like I see it. I'd prefer things didn't turn to shit, that would certainly make things easier for all of us Trump included. I'm just trying to read the tea leaves
I went to cash in May a year ago when the S&P 500 Index was around 2,800 because I believed it to be a bubble. Later in September 2019, Michael Burry, the guy who figured out the housing bubble, said that the stock market (in particular index funds) was a bubble. It later took a dive due to the Wu Flu and I was feeling pretty good. It’s soaring again and I can’t figure out why. My wife has to lay off most of her on-shore team tomorrow. Lots of people are without work. Zombie companies are going to start dropping if they haven’t done so already. If anti-trust action is brought against some FAANG entities, look out. As the saying goes, when the shoeshine boy starts talking stocks, it’s time to get out.
The shoeshine boy (aka 20 year old CVS cashier moron with maybe $500 to his name) was talking stocks with me earlier this year, just prior to the Wuhan Bioengineered Virus. In retrospect, that's how I know this is all one giant bubble. It's actually been a bubble since 2009, but all that Fed money finds its way into speculative assets and may do so yet again, although it keeps getting harder and harder to find companies with any real growth/innovation at all. The ones that do have even a hint of growth get bid up 10,20,30 times or more. My guess is things sell off very hard soon and then a select few names like Tesla begin a long stock price reflation and an even bigger bubble. In real economic terms, I don't see much of a recovery.
We've been in a bubble for a long time. So much debt. Anything debt financed is overpriced - houses, education and autos.
I agree, total lack of true productivity. Innovation is weak (how many companies are app companies not science? Uber is an app. AirBnB is an app. Slack is an app. This isn't real science.)
Yeah, I've been all about this concept of real innovation lately. It feels like a gigantic mass delusion to me. Big Tech. Endless tech startups. Endless apps. Most of it really isn't real innovation but investors go crazy for it because they see huge revenues and occasionally some earnings. All it is doing is saving some corporations money and allowing them to lay off workers or offer marginally lower prices to consumers. You know how I know it isn't real innovation? I think about what actually makes my life better. The light bulb makes my life better. Where there was once darkness, now there is light. Antibiotics make my life better. The car makes my life better. Access to delicious plentiful healthy food makes my life better. Oops, we went backwards there recently with buffets and nice restaurants shuttering. Air travel makes my life better, I can go from point A to point B quickly and enjoy the beauty of the world. Oops, we are going backwards there too if international travel is limited and airlines go bankrupt or become more expensive. Online shopping doesn't really make my life that much better. I like going into stores to shop and see items in person. Ecommerce deliver is convenient, but doesn't greatly improve my life. It makes it harder to know what size clothing I need and what color I will like and what the quality of an item really is. The original Google search improved my life a lot, but everything in the years since is making my life worse if they are censoring me and what I can comment and watch. Facebook definitely does not make my life better. For years it made me way more insecure and did not make my social life any better, it actually made things more cold and distant. The iPhone and iPad are magical and do improve my life, but I overuse them. Real innovation today would be things like a cure for coronavirus, a cure for cancer, a way to live 10 years longer, etc
All it is doing is saving some corporations money and allowing them to lay off workers or offer marginally lower prices to consumers.
That is real innovation. Innovation doesn't always come in the form of making YOUR life better ... it can come in the form of a competitive advantage for one of the competitors.
Were beginning to reach critical cannibalism levels here. The plants and loyalists who follow them and will not tolerate any form of criticism of anything related to Trump or deviation from the narrative that were just non-stop fucking winning completely and entirely are outnumbering the organic, real patriots who aren't afraid of a conversation or dissent. Simply put, no matter what you say here, at this point, you're going to probably get called a cuck or shill, by either actual shills or people who think you're being too negative or positive. Its pretty retarded actually, but here we are
LOL. That is actually pretty scary. I was raised to keep an open mind, and to be realistic, and to seek out truth whereever it may be, which oftentimes, but not always, leads to supporting an underdog. When people get arrogant and block out facts, reality, humility, and stop listening to others that is when things turn bad.
I’m happy the market is doing well, but let’s not pretend stocks are the entire economy. Our economy is still seriously buttfucked from the bullshit lockdowns that elected officials keep dithering on. Not Trumps fault at all, but there is still a raging mess for many businesses including mine all due to the delayed effects of the lockdowns.
It will crash. This has been in motion since 1971 when we cut the remaining ties to the gold standard. Make your profits, but be wary for the signs of the crash!
More programs. All of the stimulus that's happening is money printing. To give you an idea, back in 2011 gold was around 600$ per ounce. Obama started printing more money (cash for clunkers etc) and it jumped up to 1800$. Trump is printing even more money. This isn't a Republican or Democrat thing- this is a government thing. The Federal Reserve has been keeping interest rates at zero for a ridiculous amount of time- and has tossed around the idea of NEGATIVE interest rates. That effects government bonds, which are already a crazy idea.
Bonds are essentially you buying an IOU from the government (paid back with interest), who will repay the bond with your taxes. With negative interest rates (forgetting about inflation for the moment) you would be buying a bond from the government, to get LESS money from them, paid back with YOUR taxes in the future. The whole thing is a mess, and I recommend everyone to just step back from the Trump train a bit (with regards to the market).
Trump in November will be more money printing and spending, no suprise. But if Biden wins. Ho-Lee-Fuck. Even reparations are on the table. That would be ridiculous amounts of money printing.
It's a little late now, but you can still throw your money into VOO and just let it sit year after year and it would make more returns than if it was sitting in a bank getting interest
Looks at a graph of the S&P 500 over the last year, then you will see that stocks crashed in March put have recovered since then. A smart man realizes that the crash was caused by the wuhan flu, so when the economy reopens then the prices will recover.
If you looks at the graph of the S&P 500 opportunistically, you will see that buying in after the crash (I waited a little too long, personally, but still have gains) means that you made lots of money off the rebound.
Educate yourself on the market. If you just bought an ETF like VOO back in March (March 23rd to be exact), then you would currently be up 50% of whatever you had invested
Que? The whole recovery is driven by RobinHood "retail" traders jumping in, buying things that don't make sense. It totally screwed over the institutionals which is funny. But at some point all the losses and bad quarters are going to hit and it might tank again.
It's a giant casino, not based in reality, not based in productivity.
Oh I'm definitely not getting rid of it. In fact I'm adding $50/month to it, at least for a while. It's at M1 so I have a bunch of pieces of a bunch of stocks that are all doing really well, so I can just keep pumping up the portfolio and see greater returns over time. Eventually I'll branch out to proper retirement pies and other slow-burners, but for now it's more of like a fast-growing savings fund.
If interest rates weren't pegged so artificially low then Dad's union pension wouldn't have to be in the casino buying shares of a car company who's only actual tech is a camera based autopilot that decapitates users. Mattle Powerwheels has been doing EVs forever, they're not new. Company shoudn't be worth more than Toyota.
Just a week ago I had a long call with my financial advisor, whom I see eye-to-eye with as far as managing money, to review my portfolio. Our conversation went like this in a nutshell:
Higher interest rates, sane housing prices and jobs that pay real wages instead of relying on stock market casino and asset inflation to fund retirement savings sounds better to me.
The economy should have been allowed to correct before.
Why should the working people get paid so little and the FIRE sector earn so much when they contribute so little to society (Finance, Insurance, Real Estate)
It dates back to a meme out of WallStreetBets; there was a screenshot of this asian girl tweeting and asking "what stonks should I buy" when the market was at all time highs, and they said "this has to be the top" (of the market).
It's an old joke on Wall Street that when your cab driver starts talking stocks with you, when the market is at all time highs, it's time to sell and get out. Because everyone and their mother is in the market, so there's no buyers left.
Was checking in on r/WallStreetBets because they are one of the funniest subreddits to still exist and a guy made a post that he turned his portfolio which at one point was at a low of $2k into $4,000,000 over 8 months.
Imagine demanding UBI when retarded meme traders are making millions just playing the market.
Can someone change the bow tie to red and black instead of yellow and black. Let’s not even try to pretend these are an-caps, these are commies with a thin coat of anarchist paint.
I love how in a sea of seriousness, we can still just be fucking retarded every now and again. We can’t ever lose that
If we stop being retarded, we lose.
Well said nasty Nancy
HEY JACK- Nancy America is the number one President of all time, PERIOD. She's an O'Biden Bamacrat and my good friend BARACKA Flocka Flame America can back me up on it. We believe that all people are created by the, you know the thing! Come on man! GIVE. ME. A. BREAK. Is my time up? No, ok... No, put that last slide back up, ok, so here's the deal. We've got a prov-- my times up. Yes sir.
Dude. Thanks for the hearty laugh. It’s been a rough 18 hours.
Nice try, Joe!! GET THE FUCK OUTTA HEEEEEEEERE!!!!
We've got the best retards, don't we folks?
<Trump mocking disabled reporter hand gestures>
(I know he wasn't and does this all the time to make fun of people, its hilarious)
He was and he should cause that reporter deserved it. That’s the only time I ever saw him do it tbh.
He has done the same gesture many times on video to describe people being doochebags. He had no idea the guy had lobster arms
Lobster arms! Kek!
It's a regional thing. Like a dialect. It's a thing.
Youtube was quick to ghost that video montage of Trump doing that a dozen times over the decades to mock people he doesn't like.
I love you faggots
You should! We only have the best fags!
LMFAO. Awesome
That's my secret. I'm always retarded.
The left can't meme or take a joke! Malarkey! You seen my leg hair...XD
Listen, Fat!!!
Leftists when stock market is doing poorly: "The economy is fucked!"
Leftists when the stock market is doing well: "The stock market isn't an accurate barometer for the economy."
Leftists when the stock market is doing well: "Obama did this."
Don't forget this too: "Stock market doing well, must take more from the evil rich and increase gibs me dats"
And this: "I'm gonna secretly vote for TRUMP in the privacy of the ballot box because my 401K portfolio is FUCKING KILLING IT"
You just singled out like 25% of the country lol
If you asked Obama in 2008-2010 when his fascist economic policies would take effect, he certainly wouldn’t have said 5-10 years later.
Leftists when stock market is doing poorly: "Trumps economy facing long term disaster!"
Leftists when the stock market is doing well: "Direct result of Obamas economy, he didn't build that."
Economic theory sometimes does not hold up in reality. Trump's era is one of those times. Nobody predicted this sudden soar, everyone was saying how the economy will continue to recess and might even crash.
I heard plenty of people predict the economy would take off if Trump won. I figured it would.
Debating a leftist is like debating a retarded cat. No one wins and you’ve simply wasted your time.
It is better to be silent and thought a fool than to open your mouth and remove all doubt
It’s like playing chess with a pigeon. You can play a perfect game, but the pigeon will just knock over the pieces and shit on the board anyway.
Hey I love my retarded fat cat!
The stock market has been divorced from economic reality for 12 years. I hated when Obama pointed to it just like I hate when Trump points to it. The difference is the severity of the hatred due to Trump actually giving people hope in the economy again and actually getting corporations to invest rather than just dump everything into share buybacks.
During the original debates Trump called out the economy as being in a giant bubble. It was a relief.
Then when he took office and interest rates were ticking up, he could have phrased it as positive for the savings of the older people working towards retirement, but he didn't. Instead we ended up with an even bigger asset bubble masking the horrible economy underneath.
And then he started pushing for rates lower than Germany and Japan which are negative lol. The logic behind negative rates is it will force spending in the economy and get money velocity to take off but Japanese people stopped spending and started saving more than ever proving negative interest rates don't work as advertised and just allows the government to take on more debt to give to themselves and their friends. I'm a big fan of Trump but he has some real boneheaded stances.
The stock market is people’s retirement savings. Having a slightly less pathetic rate on your savings account doesn’t mean anything.
Stonks go DING DING DING DING DING DING DING DING..
"Would you like an apple pie wif dat?"
cries in madcow
Imagine being upset that people got their jobs back.
"The number of Coronavirus cases has gone up, but the number of deaths has gone down, sadly."
You have a link to that CNN article?
They’d rather you suffer than Trump be right, it’s the epitome of selfishness.
I am... because it's socialism ... Capitalism means allowing failure. many many paper millionaires should have lost their shirts but didn't not to mention the homes that would have to be foreclosed .
A real crash would have been a HEALTHY thing.
Obama's economy is back??!
Democrats have taught me so much especially how to navigate through history. For instance, how Lincoln would be a Democrat today and the parties switched but then switched back for FDR and Kennedy and then switched again. And everything bad during Obama was from Bush and everything good from Trump isn’t really good but if it is, it’s Obama’s doing.
You mean Greenspans?
The left has essentially acted like a person who wants to crash the plane just because they didn’t get to be the pilot. WTF is wrong with these people?
You think I liked Obama? Hell no. But do you think I actively root for the destruction of our country?
They're brainwashed by the corrupt news media, entertainment industry, and govt, streamlined and injected by tech/social media companies.
I hope one day we can see the media moguls convicted of treason.
I'm a beginner stock market investor and I bought one share of Tesla at $598. I had a raging boner today watching it break $1,300.
I bought a few shares of Tesla in my retirement account back in November and my dick has been erect ever since.
They are the only company I own a share of stock in because too many CEOs are cucked and I can’t invest in that shit willingly. They are massacring their own companies for wokeness.
I got 2 shares of Tesla at the dip. Got lucky. Lol
How long did that take?
About 3 months if he bought in early April:
https://ibb.co/p4QmJzL
Yep :)))
Some firm just upgraded their target to $1500 today.
At this rate itll be there tomorrow lmao. Never seen anything like this.
Robinhood has allowed me to buy partial stocks. This has been really helpful for starting out investing.
BING BANG BOOM!
Bang Ding Ow
Ho Lee Fuk
I've told people this before when they post the yellow/black tie but they just downmod me lol.
I didn't even notice that! I just copied the first image I found, good looking out
I gotta tell you guys, I love Emperor Trump but man, this stock market looks like the biggest bubble ever to me. It is grossly overvalued with Depression-level unemployment (you have to include people on PPP who will be unemployed soon), and the real economy was totally decimated. Tech stands on the shoulders of the real economy, too. It is one giant bubble full of speculative money. Let's put it this way, it would take many, many, many years of earnings to justify the current prices. The path of least resistance, the way this kind of "overbought" level typically works itself off, is through a rapid and major correction (decline). Usually it happens when a few people see the real economic data and get nervous, and then the panic spreads rapidly like contagion, and before you know it you're in the throes of panic and blood on the street. It's happened many times and this could be a historic selloff for the textbooks, one to tell your grandchildren about (if our society makes it that far). The Fed is a buyer and their only priority is to keep the system from falling apart, they don't care what the value (price) of assets is, so long as society barely functions and the markets are stable. So they will step in only right before stuff totally breaks permanently. That's not saying much. Real stock values are much lower than current levels. We probably sell off extremely hard soon and stay down for a very very long time, most things might never come back especially if the far left comes to power and they nationalize the stock market, tax the rich, permanent negative rates and socialism/fascism takes hold
A wild gay bear appears
Hey man, i'm a stock guy and I'm just callin it like I see it. I'd prefer things didn't turn to shit, that would certainly make things easier for all of us Trump included. I'm just trying to read the tea leaves
I went to cash in May a year ago when the S&P 500 Index was around 2,800 because I believed it to be a bubble. Later in September 2019, Michael Burry, the guy who figured out the housing bubble, said that the stock market (in particular index funds) was a bubble. It later took a dive due to the Wu Flu and I was feeling pretty good. It’s soaring again and I can’t figure out why. My wife has to lay off most of her on-shore team tomorrow. Lots of people are without work. Zombie companies are going to start dropping if they haven’t done so already. If anti-trust action is brought against some FAANG entities, look out. As the saying goes, when the shoeshine boy starts talking stocks, it’s time to get out.
The shoeshine boy (aka 20 year old CVS cashier moron with maybe $500 to his name) was talking stocks with me earlier this year, just prior to the Wuhan Bioengineered Virus. In retrospect, that's how I know this is all one giant bubble. It's actually been a bubble since 2009, but all that Fed money finds its way into speculative assets and may do so yet again, although it keeps getting harder and harder to find companies with any real growth/innovation at all. The ones that do have even a hint of growth get bid up 10,20,30 times or more. My guess is things sell off very hard soon and then a select few names like Tesla begin a long stock price reflation and an even bigger bubble. In real economic terms, I don't see much of a recovery.
We've been in a bubble for a long time. So much debt. Anything debt financed is overpriced - houses, education and autos.
I agree, total lack of true productivity. Innovation is weak (how many companies are app companies not science? Uber is an app. AirBnB is an app. Slack is an app. This isn't real science.)
Yeah, I've been all about this concept of real innovation lately. It feels like a gigantic mass delusion to me. Big Tech. Endless tech startups. Endless apps. Most of it really isn't real innovation but investors go crazy for it because they see huge revenues and occasionally some earnings. All it is doing is saving some corporations money and allowing them to lay off workers or offer marginally lower prices to consumers. You know how I know it isn't real innovation? I think about what actually makes my life better. The light bulb makes my life better. Where there was once darkness, now there is light. Antibiotics make my life better. The car makes my life better. Access to delicious plentiful healthy food makes my life better. Oops, we went backwards there recently with buffets and nice restaurants shuttering. Air travel makes my life better, I can go from point A to point B quickly and enjoy the beauty of the world. Oops, we are going backwards there too if international travel is limited and airlines go bankrupt or become more expensive. Online shopping doesn't really make my life that much better. I like going into stores to shop and see items in person. Ecommerce deliver is convenient, but doesn't greatly improve my life. It makes it harder to know what size clothing I need and what color I will like and what the quality of an item really is. The original Google search improved my life a lot, but everything in the years since is making my life worse if they are censoring me and what I can comment and watch. Facebook definitely does not make my life better. For years it made me way more insecure and did not make my social life any better, it actually made things more cold and distant. The iPhone and iPad are magical and do improve my life, but I overuse them. Real innovation today would be things like a cure for coronavirus, a cure for cancer, a way to live 10 years longer, etc
That is real innovation. Innovation doesn't always come in the form of making YOUR life better ... it can come in the form of a competitive advantage for one of the competitors.
More dollars (inflationary stimulus) chasing same number of stonks. Price of stonks goes up.
Were beginning to reach critical cannibalism levels here. The plants and loyalists who follow them and will not tolerate any form of criticism of anything related to Trump or deviation from the narrative that were just non-stop fucking winning completely and entirely are outnumbering the organic, real patriots who aren't afraid of a conversation or dissent. Simply put, no matter what you say here, at this point, you're going to probably get called a cuck or shill, by either actual shills or people who think you're being too negative or positive. Its pretty retarded actually, but here we are
LOL. That is actually pretty scary. I was raised to keep an open mind, and to be realistic, and to seek out truth whereever it may be, which oftentimes, but not always, leads to supporting an underdog. When people get arrogant and block out facts, reality, humility, and stop listening to others that is when things turn bad.
Neil Cavuto: When will this end?!?!?
LOL, wonder what old Neil thinks about those recent successful HCQ trials?
Does HCQ stand for Harold Heckquba's company?
Ah yes, that bastard. The only thing louder than Harold Hecuba on the island was his jacket!
"What a modest and unassuming chap."
( https://youtu.be/wvBd1lCyZW8 )
Did you guys just nerd the fuck out about Gilligan's Island?
Look into the concept of immunized money
I’m happy the market is doing well, but let’s not pretend stocks are the entire economy. Our economy is still seriously buttfucked from the bullshit lockdowns that elected officials keep dithering on. Not Trumps fault at all, but there is still a raging mess for many businesses including mine all due to the delayed effects of the lockdowns.
It will crash. This has been in motion since 1971 when we cut the remaining ties to the gold standard. Make your profits, but be wary for the signs of the crash!
What are some of the signs?
More programs. All of the stimulus that's happening is money printing. To give you an idea, back in 2011 gold was around 600$ per ounce. Obama started printing more money (cash for clunkers etc) and it jumped up to 1800$. Trump is printing even more money. This isn't a Republican or Democrat thing- this is a government thing. The Federal Reserve has been keeping interest rates at zero for a ridiculous amount of time- and has tossed around the idea of NEGATIVE interest rates. That effects government bonds, which are already a crazy idea. Bonds are essentially you buying an IOU from the government (paid back with interest), who will repay the bond with your taxes. With negative interest rates (forgetting about inflation for the moment) you would be buying a bond from the government, to get LESS money from them, paid back with YOUR taxes in the future. The whole thing is a mess, and I recommend everyone to just step back from the Trump train a bit (with regards to the market). Trump in November will be more money printing and spending, no suprise. But if Biden wins. Ho-Lee-Fuck. Even reparations are on the table. That would be ridiculous amounts of money printing.
Care to elaborate? I'm looking to invest but have no clue where to put my money.
He probably bought near the bottom and has been riding the 40% gain all the way. Or got lucky with options.
Start reading.
When I saw reeeetards on MarketWatch an some of yahoo finance say dont buy the dip, I bought the dip.
FUCK U I WAS RIGHT.JPG
I love the don't time the market!1! financial news. At 40% down, I'm selling the kitchen sink to pick up more shares. Winning!
Im kicking myself in the dick i didnt buy more. But oh well better than nothing
It's a little late now, but you can still throw your money into VOO and just let it sit year after year and it would make more returns than if it was sitting in a bank getting interest
It's as simple as: "Buy low, sell high"
Looks at a graph of the S&P 500 over the last year, then you will see that stocks crashed in March put have recovered since then. A smart man realizes that the crash was caused by the wuhan flu, so when the economy reopens then the prices will recover.
If you looks at the graph of the S&P 500 opportunistically, you will see that buying in after the crash (I waited a little too long, personally, but still have gains) means that you made lots of money off the rebound.
Educate yourself on the market. If you just bought an ETF like VOO back in March (March 23rd to be exact), then you would currently be up 50% of whatever you had invested
Que? The whole recovery is driven by RobinHood "retail" traders jumping in, buying things that don't make sense. It totally screwed over the institutionals which is funny. But at some point all the losses and bad quarters are going to hit and it might tank again.
It's a giant casino, not based in reality, not based in productivity.
Robinhood retail traders don't comprise a large enough of a pie for them to drive the recovery
I see you WSB lurkers.
"I wonder how my tiny stock portfolio is doing."
Up $6 since Friday.
Oh okay then. 🤑
Oh I'm definitely not getting rid of it. In fact I'm adding $50/month to it, at least for a while. It's at M1 so I have a bunch of pieces of a bunch of stocks that are all doing really well, so I can just keep pumping up the portfolio and see greater returns over time. Eventually I'll branch out to proper retirement pies and other slow-burners, but for now it's more of like a fast-growing savings fund.
If interest rates weren't pegged so artificially low then Dad's union pension wouldn't have to be in the casino buying shares of a car company who's only actual tech is a camera based autopilot that decapitates users. Mattle Powerwheels has been doing EVs forever, they're not new. Company shoudn't be worth more than Toyota.
Just a week ago I had a long call with my financial advisor, whom I see eye-to-eye with as far as managing money, to review my portfolio. Our conversation went like this in a nutshell:
"Stonks go up so we should buy lol"
"lol so much this."
You will love this.
Libs are justifying the market gains as people expecting a Biden win.
Not joking.
Higher interest rates, sane housing prices and jobs that pay real wages instead of relying on stock market casino and asset inflation to fund retirement savings sounds better to me.
The economy should have been allowed to correct before.
Why should the working people get paid so little and the FIRE sector earn so much when they contribute so little to society (Finance, Insurance, Real Estate)
Why would a worker earn anything ... not to mention a 'real wage" ... when we can have a machine to replace him ?
Dividends go BRRRRRRR
stonks go ding
Market goes bbbrrrruuuuuuuuuuupppppppp
STONKS HIIIIGH!!!!
Stonks get honks and go brrrrrrrtt
Asset printer go brrrrrrrrrrrrrrrrr!!
Way way better than money printer.
Overpriced houses isn't good for the economy. It's horrible.
My PLUG stock and options are crushing it
Whole sector is electric! (Pause for laughter)
What does Stonks mean? SOMEONE PLEASE TELL [email protected]
It dates back to a meme out of WallStreetBets; there was a screenshot of this asian girl tweeting and asking "what stonks should I buy" when the market was at all time highs, and they said "this has to be the top" (of the market).
It's an old joke on Wall Street that when your cab driver starts talking stocks with you, when the market is at all time highs, it's time to sell and get out. Because everyone and their mother is in the market, so there's no buyers left.
Thank you very much
Stocks
Stonks go BRRRRRRRRRRTTTTTT
This is from that video from Reddit Two type of traders
https://www.youtube.com/watch?v=SYc6QmaGnYc
Best stonks and honks
The main problem with these lefties is that they take themselves too seriously.
Was checking in on r/WallStreetBets because they are one of the funniest subreddits to still exist and a guy made a post that he turned his portfolio which at one point was at a low of $2k into $4,000,000 over 8 months.
Imagine demanding UBI when retarded meme traders are making millions just playing the market.
haha 401k go brrrrrrrrr
I think this might be my favorite thread of all time here
I love these
Working on our gains
My WKHS went down :-(
Hey, if it dips it dips.. just means I get to buy more.
Can someone change the bow tie to red and black instead of yellow and black. Let’s not even try to pretend these are an-caps, these are commies with a thin coat of anarchist paint.
CNN....Markets are at all time high in response to our poll showing Biden way ahead of racist Trump