Discussion ***Official*** 2022 Stock Market Thread

[AdamK47]

I will be working until I'm at least 90.

It's fine if you enjoy what you do.

I don't.

 

[Red Squirrel]

Same here unless I move off grid, which is my retirement plan. Too many bills in a typical living situation and they go up each year, not much money left to save and less and less each year. I do have a pension but by the time I get to that point I doubt it will be enough since the bills will be easy triple what they are now by then if I stay here.

I need to start thinking about a source of income that does not require to be at a certain place for a certain time, and once I can make like $500/mo minimum it would be enough to self sustain myself then I'd sell the house and quit the job (off grid property is too far to keep my job). I have a few ideas in mind I just need to get off my ass and execute them. Of course at that point I'd want to grow that income more for hobbies etc but at least I would not be in a situation where I'm a month away from losing everything if I get laid off, like I am now.

What would be awesome is if I could do my current job 100% remote. But they won't allow that.

I have the off grid land now, so really at this point if I lost my job, I'd buy a couple containers on credit, hire movers to move them to my off grid property with all my stuff, sell the house to pay off the credit and have cash in hand, and start to build my cabin. I'd possibly want to buy a prefab building to stick on there for the time being. Basically I'd have about 200k to play with so it would be enough to live off of with little to no bills. Once I'm fully settled in then I'd start thinking about income to sustain long term. There are still some expenses like gas for truck, taxes etc but I could survive on a few hundred per month out there vs now where I need a few grand.

 

[AdamK47]

Same here unless I move off grid, which is my retirement plan. Too many bills in a typical living situation and they go up each year, not much money left to save and less and less each year. I do have a pension but by the time I get to that point I doubt it will be enough since the bills will be easy triple what they are now by then if I stay here.

I need to start thinking about a source of income that does not require to be at a certain place for a certain time, and once I can make like $500/mo minimum it would be enough to self sustain myself then I'd sell the house and quit the job (off grid property is too far to keep my job). I have a few ideas in mind I just need to get off my ass and execute them. Of course at that point I'd want to grow that income more for hobbies etc but at least I would not be in a situation where I'm a month away from losing everything if I get laid off, like I am now.

What would be awesome is if I could do my current job 100% remote. But they won't allow that.

I have the off grid land now, so really at this point if I lost my job, I'd buy a couple containers on credit, hire movers to move them to my off grid property with all my stuff, sell the house to pay off the credit and have cash in hand, and start to build my cabin. I'd possibly want to buy a prefab building to stick on there for the time being. Basically I'd have about 200k to play with so it would be enough to live off of with little to no bills. Once I'm fully settled in then I'd start thinking about income to sustain long term. There are still some expenses like gas for truck, taxes etc but I could survive on a few hundred per month out there vs now where I need a few grand.

In reality, a drastic change like that has a low chance of long term success. There are too many "what ifs".

 

[Red Squirrel]

In reality, a drastic change like that has a low chance of long term success. There are too many "what ifs".

That's kind of why I'm taking it slowly. I don't really have the balls to just quit my job now and do it like some people do. I'm going to try to transition into it. But if I do lose my job to a layoff then I won't have too much choice.

 

[AdamK47]

Shocker: GameStop had a big earnings miss. Estimate was $1.35 billion. Actual revenue is $1.19 billion.

Does that matter when fundamentals haven't been a thing for the company for the past couple years?

One thing that makes me happy to see is their NFT shill is not going well. Layoffs for those involved in implementation. Not sad.

 

[AdamK47]

That's kind of why I'm taking it slowly. I don't really have the balls to just quit my job now and do it like some people do. I'm going to try to transition into it. But if I do lose my job to a layoff then I won't have too much choice.

I've seen how Into the Wild ends.

 

[Charmonium]

@Red Squirrel

The best solutions tend to be compromises since they're, by their nature, designed to satisfy multiple criteria, some of which might even be mutually exclusive, technically.

So, here are some ideas that shouldn't break the bank (or boat, whatevs you be using these days ]

1. Buy as much/many completely non-perishable consumables as you can comfortably afford.

Take heat and electricity for example. Coal and bunker fuel have already been in the ground forever, so definitely coal, and maybe some fuel oils, won't ever go bad, lose potency, etc. You still have quite a bit of competition for liquid hydrocarbons, but with coal, wait till it drops back down to around $50USD per metric tonne. Then do some quick but sloppy math on how long that 1T could last if you use it for heating and electricity. My uneducated guess is for one person, that should be at least one year. Altho, depending on your assumptions, it might be much longer but prob not a lot shorter.

Food-adjacent non-perishables are also a good idea. So flash frozen seeds under a nitrogen atmosphere. Also a couple of very deep wells that hopefully bypass any surface or shallow toxins and pathogens.

There are numerous other things to also consider, such as 2 high capacity water distillers (primary and surplus)

2. A few generators.

The big ones tend to be more efficient, but unless you're going to split your spend between solid and liquid fuels (probably a good idea for this single use case), you're going to want at least one that can, if necessary, be steam powered.

Since you probably have at the very least, a high practical problem solving IQ, an even cheaper solution (but one I'd limit to backup use) is to get the essential parts it would need and jury rig everything else.

3. A variety of ground cover

From grass to bushes, to stubby evergreen trees, to deciduous trees. That will add to the safety, security, sustainability, etc. of your property.

So for example there should be a decent assortment of berry bearing bushes and shrubs. It also makes your OTG property blend with its surroundings.

Woo dat?

Nottin here but us Yetis.

4. Framework for some useful out-buildings.

PVC piping is a very tough substance. Just be sure it's properly anchored and give the kind of wind you must get around there, double hull is prob the way to go.

Such things are perfect for pre and post season greenhouses. On the downside, if you've got any bears, moose, etc., just pvc and 2 mil plastic sheeting aren't going to cut the grizzly poop.

 

[brianmanahan]

Shocker: GameStop had a big earnings miss. Estimate was $1.35 billion. Actual revenue is $1.19 billion.

Does that matter when fundamentals haven't been a thing for the company for the past couple years?

One thing that makes me happy to see is their NFT shill is not going well. Layoffs for those involved in implementation. Not sad.

the superstonk subreddit assures me that despite this setback, GME will still eventually be worth millions per share

 

[snoopy7548]

So, here are some ideas that shouldn't break the bank (or boat, whatevs you be using these days ]

1. Buy as much/many completely non-perishable consumables as you can comfortably afford.

Take heat and electricity for example. Coal and bunker fuel have already been in the ground forever, so definitely coal, and maybe some fuel oils, won't ever go bad, lose potency, etc. You still have quite a bit of competition for liquid hydrocarbons, but with coal, wait till it drops back down to around $50USD per metric tonne. Then do some quick but sloppy math on how long that 1T could last if you use it for heating and electricity. My uneducated guess is for one person, that should be at least one year. Altho, depending on your assumptions, it might be much longer but prob not a lot shorter.

Food-adjacent non-perishables are also a good idea. So flash frozen seeds under a nitrogen atmosphere. Also a couple of very deep wells that hopefully bypass any surface or shallow toxins and pathogens.

There are numerous other things to also consider, such as 2 high capacity water distillers (primary and surplus)

2. A few generators.

The big ones tend to be more efficient, but unless you're going to split your spend between solid and liquid fuels (probably a good idea for this single use case), you're going to want at least one that can, if necessary, be steam powered.

Since you probably have at the very least, a high practical problem solving IQ, an even cheaper solution (but one I'd limit to backup use) is to get the essential parts it would need and jury rig everything else.

3. A variety of ground cover

From grass to bushes, to stubby evergreen trees, to deciduous trees. That will add to the safety, security, sustainability, etc. of your property.

So for example there should be a decent assortment of berry bearing bushes and shrubs. It also makes your OTG property blend with its surroundings.

Woo dat?

Nottin here but us Yetis.

4. Framework for some useful out-buildings.

PVC piping is a very tough substance. Just be sure it's properly anchored and give the kind of wind you must get around there, double hull is prob the way to go.

Such things are perfect for pre and post season greenhouses. On the downside, if you've got any bears, moose, etc., just pvc and 2 mil plastic sheeting aren't going to cut the grizzly poop.

LOL I just realized Red Squirrel is gonna have to shit into buckets in the woods when he moves off-grid.

 

[Red Squirrel]

LOL I just realized Red Squirrel is gonna have to shit into buckets in the woods when he moves off-grid.

Probably do an outhouse, but eventually want to setup a septic tank and regular flush toilets etc. Septic is crazy expensive though and my land is very rocky so that may be tricky, but I'll figure it out when I get to that point.

I do want to setup a saw mill too, so I will mill my own lumber, as that is crazy expensive too now days. It would be cool to get into welding/metal fab as well but from what I understand steel is very expensive too now, so probably missed the boat on that.
coal is not really something that is easy to buy, no idea where I'd even buy that, but don't really have a way to burn it. That stuff is pretty nasty to burn too, puts out mercury etc. Going to stick with wood since I pretty much will have an unlimited supply. Setting up a wood stove at my current house, so once that's setup I can at least overcome the high heating bill.

Once off grid the goal will be to use little to no fossil fuel, I may eventually experiment with a wood fired steam turbine at some point, but it would be nice if I can have enough solar to sustain. I have 400w here at the house but I get maybe 10w out of it though. It's just too dark most of the year. Get lot of power in summer though, so would be nice to find a way to store that for the winter somehow.

At first I'll just use a generator to run once a night to top up the batteries but I will want to try to find ways to not need it. May experiment with wind power too.

 

[Charmonium]

Probably do an outhouse, but eventually want to setup a septic tank and regular flush toilets etc. Septic is crazy expensive though and my land is very rocky so that may be tricky, but I'll figure it out when I get to that point.

This is just a naked guess, but you ground profile might just require a slightly bigger decomp tank but fairly expansive drainage system.

coal is not really something that is easy to buy, no idea where I'd even buy that,

I have no idea how commodity contracts currently work. But back when we all spoke Latin, contracts for delivery included delivery. I think you'll be surprised at coal availability. But granted, for multitonne contracts, might not be simple

 

[Dr. Detroit]

Chart of the day - SPACtastic!


Grindr, which describes itself as “the world’s largest social network for the LGBTQ community,” went public via merger with a SPAC on November 18. On that first day as a public company, the shares shot from the price of the pre-merger-SPAC of $11.63 to an intraday high of $71.51, at which point the collapse started, and 7 trading days into it, the shares had declined by 91% from that high and 12 trading days into, they’re still down 91%, at $6.10. This chart is just nuts:

 

[AdamK47]

Probably do an outhouse, but eventually want to setup a septic tank and regular flush toilets etc. Septic is crazy expensive though and my land is very rocky so that may be tricky, but I'll figure it out when I get to that point.

I do want to setup a saw mill too, so I will mill my own lumber, as that is crazy expensive too now days. It would be cool to get into welding/metal fab as well but from what I understand steel is very expensive too now, so probably missed the boat on that.
coal is not really something that is easy to buy, no idea where I'd even buy that, but don't really have a way to burn it. That stuff is pretty nasty to burn too, puts out mercury etc. Going to stick with wood since I pretty much will have an unlimited supply. Setting up a wood stove at my current house, so once that's setup I can at least overcome the high heating bill.

Once off grid the goal will be to use little to no fossil fuel, I may eventually experiment with a wood fired steam turbine at some point, but it would be nice if I can have enough solar to sustain. I have 400w here at the house but I get maybe 10w out of it though. It's just too dark most of the year. Get lot of power in summer though, so would be nice to find a way to store that for the winter somehow.

At first I'll just use a generator to run once a night to top up the batteries but I will want to try to find ways to not need it. May experiment with wind power too.

Sounds like a lot of permits, regulations, and general red tape to go through.

 

[FelixDeCat]

Chart of the day - SPACtastic!


Grindr, which describes itself as “the world’s largest social network for the LGBTQ community,” went public via merger with a SPAC on November 18. On that first day as a public company, the shares shot from the price of the pre-merger-SPAC of $11.63 to an intraday high of $71.51, at which point the collapse started, and 7 trading days into it, the shares had declined by 91% from that high and 12 trading days into, they’re still down 91%, at $6.10. This chart is just nuts:

View attachment 72481

Most of the hype stocks of the last few years have lost 90% or more. I give you Carvanna as another example.

I think SPACS are a pure scam and should be banned for good. But too many hedge funds back them for guaranteed payouts, their influence keeps the scam alive.

 

[Red Squirrel]

Sounds like a lot of permits, regulations, and general red tape to go through.

Unorganized township. No permits or any of that BS needed and I can pretty much do what I want and be left alone. I made sure of that when I bought. There are some things that do fall under MNR or provincial jurisdiction that I may need a permit for like septic but overall I'm free to do or build what I want. Even septic, I hear it's very simple permit wise. It's not like trying to do anything in a city where they string you with tons of red tape. Taxes are also only $100/year vs like $400/mo in the city. Just that alone is going to save me lot of money if I eventually move there.

 

[jpiniero]

CPI number was lower than expected... should be pretty green today. Course we should see what the Fed does tomorrow. Still seems like a double hike is likely.

 

[dullard]

CPI number was lower than expected... should be pretty green today. Course we should see what the Fed does tomorrow. Still seems like a double hike is likely.

I really think we need to focus on both long term inflation and short term inflation. Normally they are similar. But not now. Look at the graph below. We have had okay inflation for 6 months straight. But, if you look at the headline number of 7.1% yearly inflation then you will be sorely misled.

Consumer Price Index Historical Tables for U.S. City Average : Mid–Atlantic Information Office : U.S. Bureau of Labor Statistics

www.bls.gov

 

[AdamK47]

Here's that end of year rally I've been waiting for. Now if we can continue to keep inflation under control. The fed will hike interest rates 50 basis points tomorrow. I suspect one more 50 point increase early next year and then we remain in a holding pattern for quite some time.

 

[dullard]

Here's that end of year rally I've been waiting for. Now if we can continue to keep inflation under control. The fed will hike interest rates 50 basis points tomorrow. I suspect one more 50 point increase early next year and then we remain in a holding pattern for quite some time.

Well that rally didn't last long.

The Me Me Me stocks are really tanking today. Is this FTX fallout, Coinbase bonds cratering, Binance trouble, Musk's self-implosion, stable coins falling in price (Neutrino especially), or something else?

 

[KB]

Well that rally didn't last long.

The Me Me Me stocks are really tanking today. Is this FTX fallout, Coinbase bonds cratering, Binance trouble, Musk's self-implosion, or something else?

Probably sell the rip and sell the news. I also think people are seeing the CPI fall because they see a recession imminent. The US savings rate is extremely low, meaning, people just can't spend anymore.

US Personal Saving Rate (Monthly) - United States - Histori…

View monthly updates and historical trends for US Personal Saving Rate. from United States. Source: Bureau of Economic Analysis. Track economic data with …

ycharts.com

 

[AdamK47]

Probably sell the rip and sell the news. I also think people are seeing the CPI fall because they see a recession imminent. The US savings rate is extremely low, meaning, people just can't spend anymore.

US Personal Saving Rate (Monthly) - United States - Histori…

View monthly updates and historical trends for US Personal Saving Rate. from United States. Source: Bureau of Economic Analysis. Track economic data with …

ycharts.com

While my savings rate has increased substantialy. Good income, no debt.

 

[jpiniero]

Well that rally didn't last long.

The Me Me Me stocks are really tanking today. Is this FTX fallout, Coinbase bonds cratering, Binance trouble, Musk's self-implosion, stable coins falling in price (Neutrino especially), or something else?

Because it's not about inflation or even the economy. It's about whether the Fed will turn the money printer back on, and how soon.

 

[Lost_in_the_HTTP]

Interesting ...... I guess.

The Securities and Exchange Commission on Wednesday charged eight individuals with a manipulating the price of stocks on social media. File Photo by John Angelillo/UPI | License Photo
Dec. 14 (UPI) -- The SEC announced charges against eight individuals who used social media to manipulate in exchange-traded stocks in a $100 million fraud scheme.

The complaint accuses Perry Matlock, Edward Constantin, Thomas Cooperman, Gary Deel, Mitchell Hennessey, Stefan Hrvatin and John Rybarcyzk of orchestrating the scheme. The SEC also accuses Daniel Knight of aiding and abetting the scheme by promoting the defendants on a podcast.

Since January 2020, seven of the individuals promoted themselves as successful traders, according to the SEC. They gained thousands of followers on Twitter and Discord. They would then purchase stocks and encourage their followers to do the same, causing the price to rise. However, the defendants then sold the stock without disclosing that they had done so.

"As our complaint states, the defendants used social media to amass a large following of novice investors and then took advantage of their followers by repeatedly feeding them a steady diet of misinformation, which resulted in fraudulent profits of approximately $100 million," said Joseph Sansone, Chief of the SEC Enforcement Division's Market Abuse Unit. "Today's action exposes the true motivation of these alleged fraudsters and serves as another warning that investors should be wary of unsolicited advice they encounter online."

Eight social media influencers charged in $100 million stock manipulation scheme - UPI.com

The SEC announced charges against eight individuals who used social media to manipulate in exchange-traded stocks in a $100 million fraud scheme.

www.upi.com

 

[dullard]

Tesla shares has been falling at a rate of about $50/share/month recently. Suppose that continues for about another month. Would $100/share TSLA be worthy of getting in? The P/E ratio would still be high, but not too unreasonable at 30. The CEO still would have a massive need to unload shares though. This is all hypothetical because there will likely be a lot of resistance at $130/share. But, I'm just trying to figure out where it is even worthy of starting to consider buying.

 

[AdamK47]