Investing General Discussion

Sanrith Descartes said:

Translation: We are watching the Fed printing press go Brrrrrrrr.

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No inflation by Executive Order!

GME is at $237 as I type this. I realize to most of you it's noob meme shit, but this whole thing really got me more active in trading, and it's been fascinating to watch.

In other news, Roblox IPO in the AM - cya there!

Sanrith Descartes said:

Translation: We are watching the Fed printing press go Brrrrrrrr.

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Not going to stop, just we're going to watch it go to the moon. Enjoy.

Sanrith Descartes said:

A must read.

The Best Way to Rob a Bank

I think that the collapse of Greensill Capital has a lot of systemic risk embedded within it, particularly as the fraudulent deals between Greensill and

www.epsilontheory.com

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Glad to see they didn't learn from 2009 and continue to repackage and resell shitty loans thinking they can just keep kicking the can down the road forever. They should teach in finance school that eventually Ponzi schemes do go bust, it's the defining feature of a Ponzi scheme after all.

Edit: Can't completely blame them, they know they can keep getting away with it, pay a small fine, and put everything on the most junior underwriter they just hired a couple months ago.

Ravishing said:

Before the meme stocks I was just holding boomer stocks long, the meme stocks got me into being a more active trader.. for good or bad

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This is where I am. I have my main boring retirement account that I'm essentially not active at all with (at least not yet, still too much to learn, and honestly who knows if I'll ever have the balls to play with any of it), but I have a little fun account that I'm now actively playing with. Win some, lose some - learn as you go (and read, and read, and read...). Overall I'm up, so I can't complain.

Big Phoenix said:

Unless theyre named social security.

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That's the government though so it's okay, they cheat and scam the legal way.

Ravishing said:

I think the meme stocks got a lot of people here into trading more. I mean, if you can take advantage of it then it's not noob meme shit at all... if you are a bag holder at the end of the day, then maybe that's a different story.

I think I've made a modest 5k or so by now on GME. I'm afraid to hold the stock longer than a day.

Before the meme stocks I was just holding boomer stocks long, the meme stocks got me into being a more active trader.. for good or bad

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Not in it, but always kind of seemed like musican chairs. Don't want to be the one without a chair when the music stops.

Threelions said:

There is a huge section of the population that's lucky that the government takes some tax percentage in a forced retirement system. I'm sure most of the members in this particular forum would be ok if they could manage all of their FICA taxes themselves, but there is a huge section of the population that would be absolutely fucked and the welfare system would be even worse (if that's even possible).

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There are also no classes in school that go over the importance of 401k's, Ira's, savings plans, etc. Though I guess there's an incentive to have a section of the population that are dumb consumers constantly keeping the money flowing back to the corporations while feeding off of debt that goes to the banks