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OT: Stock and Investment Talk

It’s a slow crawl upward. Going to be difficult to get back into the 3,500’s. It is going sideway but these upward move are huge and the downward move smaller. It’s forcing me to buy more into the market but I’m more comfortable with the stocks that I picked. Maybe just impatient.

What’s strange is Prof Siegel said the market was 20% undervalued a couple of days ago but the market is only about 25% from the highs. That doesn’t make sense.
^^^^^ Someone isn't being patient! :)
 
Looks like 3q earnings, just like 2q are not going to be the disaster some feared.

And i talked about it a couple weeks ago, and just alluded to it in a recent post. With unemployment this low, and with individual pay up, that is just not a recipe for a bad across the board earnings season.

Which is not to say this has been a great earnings season, its merely meh, but meh should keep the market from sinking to new lows.
+1
Bears have been predicting awful earnings for 3 quarters now. So far so good with this round.
 
I got in two ETF's that have to do EV. IDRV down 38% YTD and HAIL down 45% YTD oof. Holding any hoping for a rebound now
 
Down 37% on the year.
I mean yeah Tsla and just about everyone has taken a beating this year. Today’s move is not significant in the scheme of things.

Though it did continue to trade down after the conference call. Down mear $208. So 7ish% after hours which is a bit more significant.
 
Pretty sizeable one day move by my definition and down considerably more than the overall market in 2022. We are all exposed thru our mutual funds. And now down 5% which is significant. Investing is not so easy, right?
 
Pretty sizeable one day move by my definition and down considerably more than the overall market in 2022. We are all exposed thru our mutual funds. And now down 5% which is significant. Investing is not so easy, right?
That is why Buffett says over time low cost index funds will outperform most other managed stock funds

I believe Bogle said the same
 
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So they are raising rates while buying bonds to keep yields down? Wow that's dumb. Truss might not make it until the end of the year.

Nailed it! Truss has resigned.

It only took a month for the globalist to oust Truss and put themselves back in charge.
 
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That is why Buffett says over time low cost index funds will outperform most other managed stock funds

I believe Bogle said the same

I think that is going to change for the near future. This is a stock pickers market. I wonder how many are any left? Most of them probably retired.
 
Nailed it! Truss has resigned.

It only took a month for the globalist to oust Truss and put themselves back in charge.
WTF? I haven't been paying too much attention. How did she screw up so badly and so quickly? Wow.
 
WTF? I haven't been paying too much attention. How did she screw up so badly and so quickly? Wow.

UK politics is a cesspool.

1. Although the people voted for Brexit, the politicians have done everything they can to remain in the EU.
2. Truss isn't smart enough for the job. She was put forward based on her policies and when she did everyone immediately turned on her. She was clear set up to fail. I said it a month ago. She also tried to naively copy the Thatcher playbook, which was inappropriate at this time. Thatcher was very smart, I don't think she would do the exact same thing today if she was in charge.
3. The globalist/remainers that created this mess are now back in charge and will blame everything on Truss. They only care about power so they are happy today but in a week or so everyone will realize they have no solutions.
 
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So my 8% was not conservative

It would be interesting to know what other people are setting as their objective for average returns
I am another 5% guy playing it VERY conservative and I think a key plank for why I was able to retire at 55. Over budget expenses, under project returns, live on a very tight personal budget and find value. Pick up the coins laying on the ground (like a 9+ % rate even on just $20k/yr ..couple).
 
Reports indicate Treasury Direct has fixed the I-Bond gift "glitch" this morning, now allowing individuals who have already reached their $10k annual purchase limits to now purchase additional I-Bonds and gift them to others including spouses. I'll try it out this evening.

Update: successfully purchased the $10k gift just moments ago (1:30 pm). So TD is functioning properly now re: I-Bond gifting.
Are you saying you can buy another $10k per above even if you both already have the $10k as a married couple?
 
Made the mistake of getting takeout from our local diner while kitchen is being worked on. Turns out they levied a menuwide 23% hike in prices this past month. Another place we are writing off, what a waste.

Got an oil change this week and it was 20% higher than April, same place. If they think people are going to put up with 2-4% annual increases on top of this they’ll run themselves out of business. Who wants to pay 20 bucks for a panini.

Shoprite still increasing prices monthly. This not so slow creep is going to erode consumer spending, which is while its far too soon to celebrate inflation supposedly leveling out.
just wait till energy pops for home heating...
 
Why the stock market going up big the last two days when inflation numbers are going higher?
I also think the movements in the polls showing a more solid belief in (at least) Split Congress which adds stability...(non-political 2 cents).
 
It’s only my wife and I now but we basically have mitigated the increase in food prices because I convinced my wife to try the store brand on a lot of the stuff we buy. She has been happy with the quality.

We also buy a lot based on sales.

If we want something we buy it but small changes have kept our food bill pretty stable
This is way Europe Food Markets are very Store Brand centric. Why the Adli's and LIDLs of the world are making in-roads to US Market. This environment will only make it worse for the Brands that lack fantastic core loyalty.

"Private Label" which is often made by the major food companies themselves have only gotten better and better over the years. Just have to find the good ones.
 
That is why Buffett says over time low cost index funds will outperform most other managed stock funds

I believe Bogle said the same
I'm not a financial advisor just a guy with an Eco Degree from RC. But it's MY $ so I take care of most of it. Some in a 401K (I manage), Some in a "play" account (stocks I buy and sell), and a fair chunk in an account I pay 1.3% to have managed.

I've outperformed the market AND the managed fund is down the most. Too afraid to get the hell out I suppose.

My point NOT being that I'm smart, just that I don't think many of these folks out there pay enough attention. My "team" relies on too many models and when the $hit hits the fan they are too slow to react. They're getting their 1.3% and even though its a sizable number I'm sure I'm not the first on the list.
 
In general, managed funds perform better (or can) in bear or sideways markets, but it is tough for them to outperform indexes when everything is going up.
mine is exactly the opposite. It's goal (that they have met for several years) is to beat the market 2x. Its been exciting to see that growth. Problem is as I noted above they fail to get out and that 2x is also how friggn fast it came down.

Over the life so far (10years) they are still up about 20 points on market but they lost 75% of gains.. Had they just gotten out back in April or May they'd have saved half the loses.
 
Don't know why I don't spend more time in this thread. Its a GREAT one and doesn't appear to be filled with nastiness.
OK , I've dumped enough here this morning and have to run a bunch of errands. See ya'll later.

Go Rutgers and Go Market !
 
Man. Anyone see that move in AA? Was down over 10%. Last night. Completely flipped it and is now up 6%.

About a 20% move upward off yesterday’s bottom.
 
Chart master Carter Worth says it looks like cannabis has bottom. Or at least GTBIF but I imagine most cannabis stocks have similar charts.

latest news on gtbif is they sealed a deal with circle k to sell cannabis at their stores(convenience store/gas station).
 
So now the Mississippi river is drying up so ships can't get down river, which of course will drive up prices.

One freaking thing after another.
 
just wait till energy pops for home heating...
I’m seeing natty gas cost increases of up to 30% this winter which makes no sense since futures have been plummeting the last few months. From $9 down to $5
 
Just looking at a couple Uranium plays, namely UEC and CCJ, and both have excellent looking 3 and 5 year charts.

LNG is pretty much in lock step during those times frames.

Both the uranium and nat gas look much better than oil stocks, say XOM or CVX over that 3-5 year time frame.

Now over the 1 year, UEC is flat, while CCJ is down(sank on recent news of it buying westinghouse), while nat gas and oil both up significantly in that time frame.

The recent dip from CCJ perhaps offers an interesting entry point. UEC, which is more volatile in general, is up around 20% from recent lows.
 
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