Kolek planning to go pro
Wisely stated ... especially your first sentence. The only thing we know for sure about which way the market is headed is that we don’t know!I don’t live in Naples and I won’t make a mil on my house, but I have said to Mrs. 82 a couple times lately that maybe it’s time to think about selling. But she doesn’t want to ... and it’s hard to blame her.As for stocks, even if there’s a crash, they’ll eventually go up again. “Eventually” could mean very quickly as in last spring; or fairly quickly as in a couple years after the Great Recession; or several years as in the Great Depression. Glad we have some cash these days, too. Lousy returns, but lots of peace of mind.Be well.
That's the thing, say you do sell... then what? Do you downsize? Do you move away from where you live to somewhere less affluent? Does the cash from your sale do anything for you besides make you feel like you got out on top? To me, to make money from home buying and selling is timing the market... which is pretty difficult. Otherwise, prices remain pretty relative. Sure, you made a bunch on your current home, but you're selling and then have to buy SOMETHING... or rent. And ew to that.
I’m taking a spin at the roulette wheel on NOK. Just placed an order for a few hundred shares.
Well after a strong Q1 report, it's doing well after hours.I bought really, really high during the whole GME fiasco just to "feel" like I was participating in all that...like an idiot. Timing was never my strong suit. Fortunately, I didn't buy much. Hopefully it keeps heading in the right direction and maybe I can get back to even. That's a long way off, though.
Munger is such a crotchety old condescending a**hole. He spends 90% of his public remarks and appearances crapting on every new trend in the market and on any market participant under 60. It’s possible to be one of the great investors of the last 100 years, and still be an out of touch dinosaur who is completely unwilling or unable to adapt or change. I am no big fan of Buffett for myriad reasons, but he at least has the self awareness and understanding to admit that if he had to start from scratch in this era he would struggle. Munger would probably just personally insult you if you dared pose a similar question
And I agree with you. Munger cracks me up because he's such an old man yelling at kids to get off his cul-de-sac!
Yes. But I'm not sure I completely disagree with his view of crypto.
You should. It's a really stupid take. You know what currency the world uses for most of its illegal operations? USD.
Yeah that part was a bad take. At least crypto is traceable.But his point that bitcoin is "too volatile" to be considered a global medium of exchange? Agreed.I like Munger,
Doge at $0.52. That's about 1200% for me. About 17,000% for my daughter.
Keep it going. $0.57 at the moment
Yellen setting the stage for rate increases to prevent the economy from “overheating”So in one hand the administration wants congress to pass $4 trillion in additional spending to help a struggling economy recover from the pandemic and in the other we’re raising rates cause economy is on the brink of “overheating”. 🤪🤷♂️
Did you purposely leave out the part where she said the spending plans are necessary investments to push our economy forward and moderate interest rate increases will be coupled along with that? Or did you not know about her full answer?
I did not see her full answer but how does that change anything. Either the economy is roaring thus rates need to be bumped up a bit or it’s spinning it’s tires in the fog of the pandemic and we need the gov’t to step in and give it a kickstart (which I wouldn’t think would come along with a rate increase). If the spending bills are the main thing that will trigger the rate increase, let’s maybe not do it?!?! Or am i over simplifying it?