Investing General Discussion

Jackie Treehorn

<Gold Donor>
2,229
2,978
64d 23h 37m
Jackie T, long time no see. You stop by to show us your inflation proof silver hoard?
Ha. We’ll see if silver is even $50 25 years from now.

Yeah I haven’t really played with the stock market much since last year short of automatic buys for retirement. I haven’t bought or sold any crypto since last May.

I do have a pile of cash I plan to do something with if I think things hit a bottom.
 
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Mist

Mythic Spellslinger
26,739
16,328
263d 19h 34m
Any time you see Bank of America abbreviated BOFA, do you mentally yell DEEZ NUTS?
 
  • 1Solidarity
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Sanrith Descartes

Veteran of a Thousand Thread-Ban Wars
<Gold Donor>
32,773
86,089
162d 15h 11m
Flirting with the June lows.

Holding Mel Gibson GIF
 

Sanrith Descartes

Veteran of a Thousand Thread-Ban Wars
<Gold Donor>
32,773
86,089
162d 15h 11m
How ugly is the selling? GOOGL had almost 6 weeks worth of historical support at the $100 barrier and it blew through it.

1663959023052.png
 
  • 1Let's Go Brandon!
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karma

Lord Nagafen Raider
366
349
188d 8h 17m
Somehow the day does not seem complete without Gravy coming in, ranting about the current administration, telling us to be ready for SPY to go to .04, Mist pumping AVYA, Jysin posting some screenshots of shit I cant begin to understand, and Blazin dropping a wall of text (of more shit I am too stupid to understand), telling us to stop spazzing out and posting a picture of his farmland that just happens to have his wifes boobies in it.
 

Sanrith Descartes

Veteran of a Thousand Thread-Ban Wars
<Gold Donor>
32,773
86,089
162d 15h 11m
Somehow the day does not seem complete without Gravy coming in, ranting about the current administration, telling us to be ready for SPY to go to .04, Mist pumping AVYA, Jysin posting some screenshots of shit I cant begin to understand, and Blazin dropping a wall of text (of more shit I am too stupid to understand), telling us to stop spazzing out and posting a picture of his farmland that just happens to have his wifes boobies in it.
How We Roll Hair GIF by Mailchimp
 

Blazin

Creative Title
<Nazi Janitors>
5,739
31,428
158d 12h 29m
May be my most accurate streak of calling weekly closes ever. Within a dollar again. I let my puts expire worthless I have not sold new puts for next week, because I may be buying QQQ on monday if I like what I see. I'm still tepid, but I think a tradeable bounce next week could be more profitable trade for me than selling another week of premium.

This has been a great month for me trading, big down month and I have made about $8k in premiums all without ever going short. Down markets are always my best read and I'm loving this action. $8k isn't a ton of money obviously but I think it's pretty decent income while controlling risk in a down tape. If I get a tradeable set up next week could double that in a heart beat but if the trade doesn't present then the weekly grind of collecting premiums still keeps things moving in the direction I want.
 

Mist

Mythic Spellslinger
26,739
16,328
263d 19h 34m
Because unlike buying a Treasury, it has the potential to go upwards.more than a fraction. Granted, this is INTC we are talking about so most likely not gonna happen.
Also, you can sell covered calls on your INTC and you can't do that on your treasuries.

This actually seems like a pretty strong play.
 
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Sanrith Descartes

Veteran of a Thousand Thread-Ban Wars
<Gold Donor>
32,773
86,089
162d 15h 11m
Pound opened with a flash crash against the dollar. Euro down to .96 to the dollar. Its a great time to vacation to Europe or buy European shit if you got dollars.

 

Jysin

Ahn'Qiraj Raider
5,649
2,850
74d 22h 52m
Pound opened with a flash crash against the dollar. Euro down to .96 to the dollar. Its a great time to vacation to Europe or buy European shit if you got dollars.

Wife and I never envisioned buying a house here in the UK, but it seems foolish not to when the currency discount is about 40-60% off historic averages. (I’m American / Brit wife). We’re seriously considering moving some cash over for a future purchase.

Move cash over now, then BOE has to hike rates to save the currency. Housing market here is already extremely sensitive to rate increases, as 1-4yr mortgages are the “norm”. 40% of mortgages up for renewal in the coming year. The affordability will be crushed with rate increases.

So, move cash now, wait for the rate crush pressure on prices and buy something south coast?? Holiday home / future rental income when we move to the US in the next few years?

Sanrith Descartes Sanrith Descartes talk me out of this nonsense
 

Furry

Russians think sails are Magic
<Gold Donor>
14,806
17,505
247d 22h 49m
So, move cash now, wait for the rate crush pressure on prices and buy something south coast?? Holiday home / future rental income when we move to the US in the next few years?

Sanrith Descartes Sanrith Descartes talk me out of this nonsense
If you go all in on a loan, do it before the pound sterling is pegged to american dollars. That's when a country throws its arms ups and says "We da therd word now".
 

TJT

Mr. Poopybutthole
<Silver Donator>
35,754
87,874
Wife and I never envisioned buying a house here in the UK, but it seems foolish not to when the currency discount is about 40-60% off historic averages. (I’m American / Brit wife). We’re seriously considering moving some cash over for a future purchase.

Move cash over now, then BOE has to hike rates to save the currency. Housing market here is already extremely sensitive to rate increases, as 1-4yr mortgages are the “norm”. 40% of mortgages up for renewal in the coming year. The affordability will be crushed with rate increases.

So, move cash now, wait for the rate crush pressure on prices and buy something south coast?? Holiday home / future rental income when we move to the US in the next few years?

Sanrith Descartes Sanrith Descartes talk me out of this nonsense
I just read Maul talking about this. I had no idea that your mortgage rate is so variable in the UK and you wont get a locked rate for more than 4 years at a time.

That is certainly... interesting.
 

Sanrith Descartes

Veteran of a Thousand Thread-Ban Wars
<Gold Donor>
32,773
86,089
162d 15h 11m
Wife and I never envisioned buying a house here in the UK, but it seems foolish not to when the currency discount is about 40-60% off historic averages. (I’m American / Brit wife). We’re seriously considering moving some cash over for a future purchase.

Move cash over now, then BOE has to hike rates to save the currency. Housing market here is already extremely sensitive to rate increases, as 1-4yr mortgages are the “norm”. 40% of mortgages up for renewal in the coming year. The affordability will be crushed with rate increases.

So, move cash now, wait for the rate crush pressure on prices and buy something south coast?? Holiday home / future rental income when we move to the US in the next few years?

Sanrith Descartes Sanrith Descartes talk me out of this nonsense
Im seriously considering telling my partner we need need to buy pounds with dollars and putting them on the balance sheet.
 
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Blazin

Creative Title
<Nazi Janitors>
5,739
31,428
158d 12h 29m
Sold QQQ puts and bought shares this morning. 15 contracts and 545 shares. So went a little heavier on the options which is a much safer play. Struggled with it this weekend because my gut tells me tradeable bounce, but I've had a good month and the market is pretty treacherous at the moment.