Discussion ***Official*** 2020 Stock Market Thread

[Red Squirrel]

You always go on about your bills like its someone elses fault. Its not your the one thats bought what you've bought and now you pay the price, take some responsibility or cry somewhere else.

These are not things I bought these are actual bills I have no choice to pay. Greed of government and utilities is what makes them constantly go up. I can't do anything to lower them. City taxes are one of the worse ones. Only way to get rid of that is to move to a smaller city where the taxes are lower. I do eventually want to look into that.

One time purchases are not a big deal, you pay them off eventually. Bills on the other hand never go away.

 

[snoopy7548]

These are not things I bought these are actual bills I have no choice to pay. Greed of government and utilities is what makes them constantly go up. I can't do anything to lower them. City taxes are one of the worse ones. Only way to get rid of that is to move to a smaller city where the taxes are lower. I do eventually want to look into that.

One time purchases are not a big deal, you pay them off eventually. Bills on the other hand never go away.

Unless you say, "Hey Bill, get outta here!" And then Bill just walks away.

 

[Red Squirrel]

Unless you say, "Hey Bill, get outta here!" And then Bill just walks away.

That's eventually what I want to do but it involves living off grid so I don't have so many bills. Need to find a remote job, that would be awesome. There's a 60k piece of 150 acre land for sale not that far from my city actually, considering it but it's on the high end of what I can afford... via credit. It would be a campground for a while though as I'd still need to live in town to get to my job but I could start looking for a remote job once I figure out how to get internet out there. The crazy part is taxes on land like that are 4x less per year than what I pay per month in town. So if I could get to a point where I don't need a house in town anymore I could live off even a minimum wage job and still have more money to spare than I have now.

I sometimes consider downsizing my house to a trailer, since really I don't need 1100sqft all to myself, but you still have all the same bills living in a trailer so you don't really save much on costs of living really. In fact I think there are usually park fees too so it's like having another tax.

But yeah I do need to figure out a way to lower my costs of living, but it will take some drastic changes.

 

[snoopy7548]

That's eventually what I want to do but it involves living off grid so I don't have so many bills. Need to find a remote job, that would be awesome. There's a 60k piece of 150 acre land for sale not that far from my city actually, considering it but it's on the high end of what I can afford... via credit. It would be a campground for a while though as I'd still need to live in town to get to my job but I could start looking for a remote job once I figure out how to get internet out there. The crazy part is taxes on land like that are 4x less per year than what I pay per month in town. So if I could get to a point where I don't need a house in town anymore I could live off even a minimum wage job and still have more money to spare than I have now.

I sometimes consider downsizing my house to a trailer, since really I don't need 1100sqft all to myself, but you still have all the same bills living in a trailer so you don't really save much on costs of living really. In fact I think there are usually park fees too so it's like having another tax.

But yeah I do need to figure out a way to lower my costs of living, but it will take some drastic changes.

Cheez might have some good advice!

 

[Red Squirrel]

Cheez might have some good advice!

Hahaha yeah, I would want to actually build something proper, not just use a tent on land I don't even own.

 

[Svnla]

I read a story earlier that more and more people are stepping into day trading since they are home more often and their regular savings and investments are not doing so well lately. Let me see if I can find the link.

Here it is -

https://finance.yahoo.com/news/bored-day-traders-locked-home-152732093.html

How many of you are doing that right now? Playing with fire or the next stinking rich guy?

 

[dasherHampton]

I read a story earlier that more and more people are stepping into day trading since they are home more often and their regular savings and investments are not doing so well lately. Let me see if I can find the link.

Here it is -

https://finance.yahoo.com/news/bored-day-traders-locked-home-152732093.html

How many of you are doing that right now? Playing with fire or the next stinking rich guy?

I hope people who don't have a good feel for it get burned a few times and either quickly learn from it or get out cheaply.

It's a really dangerous time to get into this. imo The #1 thing for success in trading is years of carefully watching the movement of stocks and getting a feel for how they react to market conditions.

We private traders don't have access to analytics departments with genius numbers guys who can crunch data for us and give us predictions. We have to rely a great deal on our instincts.

 

[skull]

These are not things I bought these are actual bills I have no choice to pay. Greed of government and utilities is what makes them constantly go up. I can't do anything to lower them. City taxes are one of the worse ones. Only way to get rid of that is to move to a smaller city where the taxes are lower. I do eventually want to look into that.

One time purchases are not a big deal, you pay them off eventually. Bills on the other hand never go away.

Funny because in one of your other posts complaining the past few days you said you make 80k/yr thats what I made last year yet I put 35k in the bank last year and I have to pay property taxes, utilities, city income taxes just like you.

See that frame of mind is where you're wrong. I could of bought a brand new car 5 years ago when I bought my house but then guess what that car would of left my savings 30k lighter after being paid off and would of depreciated so much probably worth less than half that now, I could of bought the nicer house in the nicer neighborhood but after bigger downpayment, higher property taxes, higher monthly payment would of left my savings another 30k+ lighter over the years. I'll take the money in the bank and the stress free living while you paycheck to paycheck it and blame the taxes we all have to pay.

 

[FelixDeCat]

WFC looking good. HTZ circling the bowl.

Cetx for a trade.

 

[alcoholbob]

I read a story earlier that more and more people are stepping into day trading since they are home more often and their regular savings and investments are not doing so well lately. Let me see if I can find the link.

Here it is -

https://finance.yahoo.com/news/bored-day-traders-locked-home-152732093.html

How many of you are doing that right now? Playing with fire or the next stinking rich guy?

I heard its mostly people signing up for free stocks on Robinhood with their stimulus checks. The amount of gambling is insane. Just look at how many RH users bought airline stocks, lol.

Robintrack

Robintrack keeps track of how many Robinhood users hold a particular stock over time. It generates charts showing the relationship between price and popularity, and compiles some lists using the data.

robintrack.net

Funny because in one of your other posts complaining the past few days you said you make 80k/yr thats what I made last year yet I put 35k in the bank last year and I have to pay property taxes, utilities, city income taxes just like you.

See that frame of mind is where you're wrong. I could of bought a brand new car 5 years ago when I bought my house but then guess what that car would of left my savings 30k lighter after being paid off and would of depreciated so much probably worth less than half that now, I could of bought the nicer house in the nicer neighborhood but after bigger downpayment, higher property taxes, higher monthly payment would of left my savings another 30k+ lighter over the years. I'll take the money in the bank and the stress free living while you paycheck to paycheck it and blame the taxes we all have to pay.

Saving is mostly a mindset. It reminds me of Marco Rubio's finances, he went from barely making anything to making millions yet his debt to income ratio kept going up, lol.

 

[Svnla]

I heard its mostly people signing up for free stocks on Robinhood with their stimulus checks. The amount of gambling is insane. Just look at how many RH users bought airline stocks, lol.

Robintrack

Robintrack keeps track of how many Robinhood users hold a particular stock over time. It generates charts showing the relationship between price and popularity, and compiles some lists using the data.

robintrack.net

Saving is mostly a mindset. It reminds me of Marco Rubio's finances, he went from barely making anything to making millions yet his debt to income ratio kept going up, lol.

I think it is called "lifestyle creep". It is not what you make but what you save. Bill makes $50K a year but saves $10K >>>>> Bob makes $250K but spends $300K or more.

 

[s0me0nesmind1]

So just when some cities like Chicago were planning to start re-opening this week... Chaos erupts with protests, which will like spark another COVID outbreak, which means continued shutdown time...

This is going to hurt a ton more than people realize.

 

[dullard]

So just when some liberal cities like Chicago

Why make this post political, especially in a stock market thread in off-topic? That was needless. Conservative locations are having riots too. Oklahoma City, the #2 most conservative city in the US, has unrest and protests: https://www.news9.com/story/5ed3223...f-oklahoma-city-in-wake-of-george-floyd-death

 

[s0me0nesmind1]

Why make this post political, especially in a stock market thread in off-topic? That was needless. Conservative locations are having riots too. Oklahoma City, the #2 most conservative city in the US, has unrest and protests: https://www.news9.com/story/5ed3223...f-oklahoma-city-in-wake-of-george-floyd-death

Sorry, didn't mean to frame it in a political way per-say.

My point was that a lot of cities that heavily delayed re-opening more than others, started their phased re-opening right around now.

Vs. conservative places that have already started their re-opening process weeks and weeks ago. That was all I meant.

 

[dullard]

Sorry, didn't mean to frame it in a political way per-say.

My point was that a lot of cities that heavily delayed re-opening more than others, started their phased re-opening right around now.

Vs. conservative places that have already started their re-opening process weeks and weeks ago. That was all I meant.

Your point is correct. But, your posts tend to lose impact when your political views come through. You'll have a lot more people listen to you if you tone it back a bit. Delete the word "liberal" and you'd have a much more persuasive post.

These riots will help the economy directly through damage (sadly the way GDP is measured, repairing damage is good for the GDP) but hurt the economy much more indirectly through disease.

 

[s0me0nesmind1]

Your point is correct. But, your posts tend to lose impact when your political views come through. You'll have a lot more people listen to you if you tone it back a bit. Delete the word "liberal" and you'd have a much more persuasive post.

These riots will help the economy directly through damage (sadly the way GDP is measured, repairing damage is good for the GDP) but hurt the economy much more indirectly through disease.

I get it, but my political views were legitimately not in my original post.

Liberal cities in general delayed reopening.

Conservative cities in general pushed ahead for reopening.

I'm not saying if it's good or bad. I'm just saying that this timing for riots is only going to push it back further - resulting in more economic loss. Then you might see spikes in COVID outbreaks, and thus kicking the can down the road additional months.

 

[Red Squirrel]

Funny because in one of your other posts complaining the past few days you said you make 80k/yr thats what I made last year yet I put 35k in the bank last year and I have to pay property taxes, utilities, city income taxes just like you.

See that frame of mind is where you're wrong. I could of bought a brand new car 5 years ago when I bought my house but then guess what that car would of left my savings 30k lighter after being paid off and would of depreciated so much probably worth less than half that now, I could of bought the nicer house in the nicer neighborhood but after bigger downpayment, higher property taxes, higher monthly payment would of left my savings another 30k+ lighter over the years. I'll take the money in the bank and the stress free living while you paycheck to paycheck it and blame the taxes we all have to pay.

How much are all your bills and property taxes? Must be much lower than mine and maybe they don't go up each year. Property taxes alone are around $400/mo and go up each year, then water is $100/mo which goes up each year too - next year it will be around $110. It goes up by around 10 bucks every year. It all adds up. Pretty much every bill is over $100. I did manage to lower my cell bill though, there's a new company in town that offers $15 plans, you get 100 minutes and unlimited texting and a small amount of data so went to that from $65. There's very limited places to save especially with utilities like hydro and gas. Even if you reduce usage, it's all the fixed fees that get you. 80k salary is also before taxes/deductions, take home is closer to 40k by the time all the deductions come off. My typical pay is around $1,200$-1,500. I work shifts so it varies.


It's more than a mindset, you need to actually HAVE money left over to save. I sometimes think of downsizing and going with a trailer, but I would still have all the same bills. So yeah the actual house is cheaper, but the monthly expenses are the same. My biggest expense is city taxes and they're high pretty much anywhere in the city. There are places where they're a bit lower though so I could move to one of those places. That does involve living around meth labs though.


Anyway I don't really want to derail this thread. Basically I just wish costs of living were not so high so it was easier to save and I could probably get more into stocks. I can only really afford the penny stocks and hope for the best for the future.

 

[zinfamous]

or the next stinking rich guy?

I've got two out of three covered.

 

[zinfamous]

So just when some cities like Chicago were planning to start re-opening this week... Chaos erupts with protests, which will like spark another COVID outbreak, which means continued shutdown time...

This is going to hurt a ton more than people realize.

it's already been spiking because of Memorial Day weekend derpers. That data is already available.

 

[zinfamous]

I get it, but my political views were legitimately not in my original post.

Liberal cities in general delayed reopening.

Conservative cities in general pushed ahead for reopening.

I'm not saying if it's good or bad. I'm just saying that this timing for riots is only going to push it back further - resulting in more economic loss. Then you might see spikes in COVID outbreaks, and thus kicking the can down the road additional months.

those conservative cities have seen spikes in cases already.

I guess you don't care to point that out, though. Hell, NC has shown a steady 5 day climb in cases and no drop in hospitilazations. This protest stuff isn't going to be on the radar for another week or so in terms of cases.

I'm not sure that you understand how any of this works, but it's telling because you don't understand how everything that comes out of your mouth is equal parts political and rage, and it has to be pointed out to you. It would be one thing if you could do that with an actual command of the issues, but you blatantly make up crap that needs to be shoved into your tunnel vision perspective.

 

[s0me0nesmind1]

Your point is correct. But, your posts tend to lose impact when your political views come through. You'll have a lot more people listen to you if you tone it back a bit. Delete the word "liberal" and you'd have a much more persuasive post.

These riots will help the economy directly through damage (sadly the way GDP is measured, repairing damage is good for the GDP) but hurt the economy much more indirectly through disease.

Well shit. You're absolutely right. My bad. I stand corrected now

 

[dasherHampton]

The last day or two I scanned a few articles that seemed to indicate that post-election puts are being snapped up like crazy in the case of a market-unfavorable result.

I haven't checked anything myself yet but it might be worth taking a look. Could be some killer deals out there.

 

[FelixDeCat]

Ive mentioned earlier in this thread that we face turmoil come November. One candidate may win but only by a whisker meaning a huge fight afterwards.

Hopefully we wont face a Venezuela type situation where two people claim to be president.

 

[FelixDeCat]

I voted for Trump and supported him through thick and thin but I think its time we had someone who doesn't feel the need to constantly be on the attack and throwing gasoline on fires... and loving every minute of it. I hate that side of Trump.

Sadly, sleepy Joe cant even finish a sentence before nodding off, but if he can manage to stay off Twitter he might have a decent chance.

Edit: Sorry for the politics. I dont think either candidate will try to harm the market so it probably doesn't matter who wins.

 

[s0me0nesmind1]

I voted for Trump and supported him through thick and thin but I think its time we had someone who doesn't feel the need to constantly be on the attack and throwing gasoline on fires... and loving every minute of it. I hate that side of Trump.

Sadly, sleepy Joe cant even finish a sentence before nodding off, but if he can manage to stay off Twitter he might have a decent chance.

Hes the classic established bureaucrat. He will keep the boat floating.