Investing General Discussion

Titan_Atlas · Mar 9, 2020

Khane said:
If it's a ban bet he should at least use the correct peak. We'll never see 29500 again!

I used 27500 to emphasise how bad it is, 29500 was a bad joke on stupid investors.

Titan_Atlas · Mar 9, 2020

Blazin said:
Sounds like a ban bet

Ok here are my ban bet perameters, Dow drops below 16k within 1 year, I win. Dow goes above 27500 within 2 years you win? Deal?

Khane · Mar 9, 2020

We're all gonna die within 2 years?!?!

Sanrith Descartes · Mar 9, 2020

Titan_Atlas said:
Ok here are my ban bet perameters, Dow drops below 16k within 1 year, I win. Dow goes above 27500 within 2 years you win? Deal?

This is a trap. Everyone knows climate change is going to kill us all in 9 months.

Mist · Mar 9, 2020

The DJIA will fall below 19k sometime between now and August and recover past 23k by the end of 2021.

If I'm wrong I'll make my avatar blue-haired for a month.

(I typed Avaya twice while trying to type avatar.)

Mist · Mar 9, 2020

I should like, invest in stuff I actually know about.

Could have made a killing on Ringcentral if I had invested in them when we first partnered with them.

Sanrith Descartes · Mar 9, 2020

Mist said:
I should like, invest in stuff I actually know about.

Could have made a killing on Ringcentral if I had invested in them when we first partnered with them.

When I was a CIO I had to choose between ring central and 8x8. Ultimately went with 8x8. Their customer service blows but the product is pretty darn good.

Pops · Mar 9, 2020

Mist said:
What about buying dividend stocks? Like 3M?

You should start buying now. Buy 1 one of every thing you like. In the zero commish day and age, don't bother with etf's fuckem and their fees.

Mist · Mar 9, 2020

Pops said:
You should start buying now. Buy 1 one of every thing you like. In the zero commish day and age, don't bother with etf's fuckem and their fees.

1? I've got 300k in cash sitting on the sidelines, I want to get rich, bitch.

Sanrith Descartes · Mar 9, 2020

So we are basically back where we were about this time when we hit the limit down.

Screenshot_20200309-215555_Samsung Internet.jpg

Sanrith Descartes · Mar 9, 2020

Mist said:
1? I've got 300k in cash sitting on the sidelines, I want to get rich, bitch.

Buy 10x leveraged oil ETFs. Either you become a billionaire or you eat Ramen in a cardboard box the rest of your life.

Pops · Mar 9, 2020

After the 1987 crash, things yoyo'ed a bit. Don't buy the first rally, wait for the margin call selling. Could be opportune time for buys in energy with real cash flow. Value may make a comeback. Finally.

But with super ZIRP who the hell knows. Why bother with a 30 year treasury at less than one? The guy who rolled into that shit gratz, now get the hell out.

Pops · Mar 9, 2020

Mist said:
1? I've got 300k in cash sitting on the sidelines, I want to get rich, bitch.

I hope it was in short term treasuries. Now is the time to put it to work.

Mist · Mar 9, 2020

Pops said:
I hope it was in short term treasuries. Now is the time to put it to work.

It was in a money market at 2% lol.

Sanrith Descartes · Mar 9, 2020

Pops said:
After the 1987 crash, things yoyo'ed a bit. Don't buy the first rally, wait for the margin call selling. Could be opportune time for buys in energy with real cash flow. Value may make a comeback. Finally.

But with super ZIRP who the hell knows. Why bother with a 30 year treasury at less than one? The guy who rolled into that shit gratz, now get the hell out.

I am pretty sure most of the treasury buying isn't mom and pop. Lost of Sovereigns buying treasuries.

Pops · Mar 9, 2020

Mist said:
It was in a money market at 2% lol.

That shit's not at 2% anymore pay attention.

Pops · Mar 9, 2020

Sanrith Descartes said:
I am pretty sure most of the treasury buying isn't mom and pop. Lost of Sovereigns buying treasuries.

It was a joke, some one earlier flipped into govies at the right time.

Mist · Mar 9, 2020

Pops said:
That shit's not at 2% anymore pay attention.

It's 1.83% and going down. Which is why I need to, I dunno, buy something.

brekk · Mar 9, 2020

Mist said:
It's 1.83% and going down. Which is why I need to, I dunno, buy something.

Home

Our family’s been in bankin’ since 1927, way before this here Interweb took over the bayou. We started Redneck Bank to give folks the best darn deal online — with higher interest, lower fees and a whole lot more fun.

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Note: This is a legit FDIC bank.

Furry · Mar 9, 2020

Pops said:
It was a joke, some one earlier flipped into govies at the right time.

Furry said:
I decided to move all of my money out of stocks

Feeling pretty good about that right now.

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