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Off-Topic Stock Market & Crypto Discussion

mr.h said:
No…
1- it’s a leading indicator
2- it affects the economy
3- this is the stock market thread…see my highlighted points
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1. It is months behind
2. The economy affects stocks and is much larger than the public sector
3. It is also a gambling thread
 
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JD08 said:
There is a lot of wiggle room in that tweet. It leave out a lot of possibilities and isn't very clear on whether it's describing a future strategy or past occurrence.

Personally, I always figured my wife would become a millionaire due to me having an "accident."
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The tweet leaves out the fact that most millionaires have multiple sources of wealth: house, retirement, inheritance..,
 
USD Core Personal Consumption Expenditures - Price Index (MoM) (Feb)
0.4% 2.50 0.3% 0.3%
12:30
USD Core Personal Consumption Expenditures - Price Index (YoY) (Feb)
2.8% 1.58 2.7% 2.7%
12:30
USD Personal Consumption Expenditures - Price Index (MoM) (Feb)
0.3% 0.00 0.3% 0.3%
12:30
USD Personal Consumption Expenditures - Price Index (YoY) (Feb)
2.5% 0.00 2.5% 2.5%
12:30
USD Personal Income (MoM) (Feb)
0.8% 1.55 0.4% 0.7%
12:30
USD Personal Spending (Feb)
0.4% -0.56 0.5% -0.3%

Core personal consumption expenditures up for Feb.
Personal spending down
 
90scane said:
1. It is months behind
2. The economy affects stocks and is much larger than the public sector
3. It is also a gambling thread
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It’s an investment.
Most people IRA’s and 401k’s have increased in the long term.
The average stock market return is about 10% per year for nearly the last century.
 
mr.h said:
It’s an investment.
Most people IRA’s and 401k’s have increased in the long term.
The average stock market return is about 10% per year for nearly the last century.
Click to expand...
If it is an investment then why care so much about the here and now. I don’t hear many talking about what nvidia will do over the next 10 years. Lots of discussions here are gambles on the stocks always going up and complaining when they don’t have a straight line up. Thus, investors who want to beat the average with no actual reason for why a stock will are gamblers.

Adjusted for inflation:7-8%.
 
90scane said:
If it is an investment then why care so much about the here and now. I don’t hear many talking about what nvidia will do over the next 10 years. Lots of discussions here are gambles on the stocks always going up and complaining when they don’t have a straight line up. Thus, investors who want to beat the average with no actual reason for why a stock will are gamblers.

Adjusted for inflation:7-8%.
Click to expand...
Things were a little different when people didn't have stock prices at their fingertips and had to wait for the finance section of their newspaper to get there.

That was the difference between investing and speculating. Warren Buffett said to buy companies where you like and use their products.
 
JD08 said:
Things were a little different when people didn't have stock prices at their fingertips and had to wait for the finance section of their newspaper to get there.

That was the difference between investing and speculating. Warren Buffett said to buy companies where you like and use their products.
Click to expand...

VCs have also grabbed most growth from companies prior to going public. Thus, people are likely taking even bigger risks with crypto, real estate, and small caps in hopes of making massive gains.

I’m sure lots on here would buy stock in companies like SpaceX if we had the chance. I have a few worth 1-5B that are start up AI companies that I’d drop $50-100k into if I could.
 
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90scane said:
If it is an investment then why care so much about the here and now. I don’t hear many talking about what nvidia will do over the next 10 years. Lots of discussions here are gambles on the stocks always going up and complaining when they don’t have a straight line up. Thus, investors who want to beat the average with no actual reason for why a stock will are gamblers.

Adjusted for inflation:7-8%.
Click to expand...
I sure would love to know what NVDA does in the next decade! I hope it has a 20th century type run that Intel had.
 
TheEye said:
I sure would love to know what NVDA does in the next decade! I hope it has a 20th century type run that Intel had.
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You mean 80s-2000?

I believe nvda has some legs left to run but I cant see them doing another 10x. Just tough to do at that size.
 
90scane said:
If it is an investment then why care so much about the here and now. I don’t hear many talking about what nvidia will do over the next 10 years. Lots of discussions here are gambles on the stocks always going up and complaining when they don’t have a straight line up. Thus, investors who want to beat the average with no actual reason for why a stock will are gamblers.

Adjusted for inflation:7-8%.
Click to expand...
Most investors buy stocks for what they will do in the long term. NVDA is a great example, and investors are buying the dips, but no one wants to see their stocks drop when look at their IRA’s or 401k’s. Some people draw from their investment accounts to pay bills or payoff purchases so they sell at loses. So called safe haven investments drop too. Add to this a recession or stagflation, people losing their jobs, prices rising, interest rates rising…
But you hopefully know all this.

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Wasn’t there a Mullen guy on this thread?

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I live in an area in the winter where we have a lot of Canadians owning homes and condos. They come, even with weak Canadian dollar. We took away healthcare benefits years ago, and they still come. This break with Canada could be the nail in the coffin.
I know some Canadians that have American dollars and investments, which we could lose.
 
mr.h said:
I live in an area in the winter where we have a lot of Canadians owning homes and condos. They come, even with weak Canadian dollar. We took away healthcare benefits years ago, and they still come. This break with Canada could be the nail in the coffin.
I know some Canadians that have American dollars and investments, which we could lose.
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I'm very comfortable saying that as long as the Canadian healthcare system is in its current state, we'll have plenty of visitors from Canada.
 
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mr.h said:
I live in an area in the winter where we have a lot of Canadians owning homes and condos. They come, even with weak Canadian dollar. We took away healthcare benefits years ago, and they still come. This break with Canada could be the nail in the coffin.
I know some Canadians that have American dollars and investments, which we could lose.
Click to expand...

So you are complaining that Canadians have driven up the cost of homes and condos in your area?
 
90scane said:
So you are complaining that Canadians have driven up the cost of homes and condos in your area?
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We will lose them. It’s too expensive, especially in South Florida. Prices will drop.
We should be bending over backwards to keep them here.
 
mr.h said:
We will lose them. It’s too expensive, especially in South Florida. Prices will drop.
We should be bending over backwards to keep them here.
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Hawaii, San Francisco, and New York City have had housing costs far out of line with the rest of the country for as far back as I can remember. Prices have not dropped, especially not because Canadians didn't move there. I still see motor homes that cost more than a house driving down here with Canadian plates, so I think we'll be fine.
 
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