Investing General Discussion
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Sanrith Descartes
Veteran of a thousand threadban wars
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Did some research and bought US Federal Farm Bonds. Newly issued with expiry of 8/9/2038. 6.29% Coupon. They are callable so most likely I expect to be called as soon as interest rates drop. Not callable for 12 months so at minimum I get the two semi-annual coupon payments so I should see a 6.29% return if they get called next year. Otherwise its 6.29% a year for 15 years. Fractionally less safe than a US Treasury but still AAA rated (or was until Fitch cut the US Treasury rating the other day).
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Sanrith Descartes
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ShakyJake
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They are doing their best to keep it above 420.
Thought for sure there would be a short-term bounce.
Sanrith Descartes
Veteran of a thousand threadban wars
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We are currently working on a streak of 7 red candles in the last 8 sessions for SPY
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Palum
what Suineg set it to
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Jim Cramer thinks this year's near-triple in Nvidia stock is just the beginning
Here's a quick look at some of the $1 trillion chipmaker's latest artificial intelligence announcements.
I hope everyone got off this train lol
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Palum
what Suineg set it to
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Why are they narrative busters? Continued regulation over decades and insane liabilities and restrictions and recent collections moratoriums have made 3rd party basically a dying industry. Many folded from COVID and the entire industry is shifting to first party.
The vast majority of household wealth is home equity and home prices skyrocketed so it looks specifically like net worth increased but realistically when you can only access that with HELOCs, CO refis, etc and rates increased dramatically, what does that really do?
The situation is very different and average people are screwed by cash flow, debt servicing and access to affordable lending, not collections accounts.
These charts confirm status quo to me, but maybe I'm missing some alternate narrative that's been popular this is disproving.
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Tmac
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Things being business as usual would bust the Zero Hedge “the sky is falling” narrative.
Palum
what Suineg set it to
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I mean it's not exactly looking "good" when your entire society was running on 0% prime and now it's above 5. It's definitely possible to blow everything up.
Khane
Got something right about marriage
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I would suspect a lot of net worth is tied to home equity but that chart linked shows a very noticeable uptick starting in 2012. Which points more to securities than solely the housing market
Average net worth seems to be much higher than I would expect in this country. Top 50% have a net worth of over 500k which actually shocks me
Average net worth seems to be much higher than I would expect in this country. Top 50% have a net worth of over 500k which actually shocks me
Sanrith Descartes
Veteran of a thousand threadban wars
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Tried to write a zero day put at the 50-DMA on the SPY and just missed the limit price. Had the right idea but blew the pricing. I am a sad panda.
Palum
what Suineg set it to
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Yes because that's when the housing market started recovering. The people who lost their house were speculators, investors, and people who went in with almost no equity and couldn't afford it anyway. If you get a 5/1 with a 3 month teaser rate and put 5k down that all gets eaten up by fees, you lose nothing in equity when the bank ends up with it.
When the price nosedives and people start gobbling it up again at discount deals equity quickly starts building. Then you keep printing money at 0% for a decade and there you go.
Sanrith Descartes
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I dont see anything even remotely solid until maybe 380 and that is pretty paper thin. $260 range is much more realistic.
Edit: Correct chart
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Sanrith Descartes
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Jysin
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Nice to see some followed. It was a bit of a lotto, but on the day we entered it was screaming extended and had the best risk v reward for participating in an NVDA short without tying up too much capital.
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