Discussion ***Official*** 2023 Stock Market Thread 💰

[FelixDeCat]

LUNR
52-week range $8.55 $136.00

:: Shrugs ::

I wanted to buy a couple of shares when it was $44 but forgot the stock symbol.

When I say couple, I mean 2 or 3 shares just as a gamble since I dont believe the current price is sustainable.

Everyone is looking for and hoping to find the next HKD - a stock that goes up from $20 to $2,550 a share on sheer manipulation and no one really knows about it until its far too late.

HKD is back under $10.

 

[FelixDeCat]

I don't mention all my trades like I used to since a lot of them don't work out, and while I am willing to buy a stock that's already up 100% for the day on big news just to scalp a buck, many people are not and are smart not too. So I keep the trades very small since many of these trades lose.

 

[jpiniero]

Unemployment continues to be roughly flat. I think the market is underestimating how many hikes it's going to take.

 

[Lost_in_the_HTTP]

They can keep hiking interest rates on savings accounts and CDs as far as I'm concerned.

I never borrow money so that part doesn't matter. OK rarely. I may need a vehicle loan, but it'll be paid off early if I do.

 

[FelixDeCat]

They can keep hiking interest rates on savings accounts and CDs as far as I'm concerned.

I never borrow money so that part doesn't matter. OK rarely. I may need a vehicle loan, but it'll be paid off early if I do.

I was reading the other day that people's average new car and insurance payment has surpassed $1,000 per month.

I am paying about $515 combined for mine.

 

[FelixDeCat]

11 shares Amam, in at 5.90 sell at 7.

 

[Lost_in_the_HTTP]

I currently don't have a car payment at all, both paid for and my insurance for both is about $45/month, full coverage.

 

[Red Squirrel]

I currently don't have a car payment at all, both paid for and my insurance for both is about $45/month, full coverage.

Where do you live that everything is so cheap? I could only dream of paying so little for insurance. Mine is around $160/mo, and that's with a corporate group discount. Goes up almost every year.

I don't have a payment though, I've always bought used, and paid cash. And by cash, that might mean dipping into the credit line.... but it's not a separate payment at least. That's how I bought my land too. Any money I have left over basically just goes on the credit line.

I have around 16k on the credit line now. I was down to 10k before I bought my wood stove, but I see that as an investment as once I finally have it going I will save a ton of money. Will pay itself off in around 3-4 years I figure. I have about 20k in stocks through my company ESPP but it's locked in for at least another year. I can only touch around 7k of it right now.

 

[FelixDeCat]

I've had to switch insurance companies because of the rate increases. I wish mine was cheap too. 😪

 

[Red Squirrel]

When mine raised their rates I started shopping around and it seems they were all in the same ball park. Theft is getting worse and worse everywhere which means more claims, so they raise rates.

 

[FelixDeCat]

When mine raised their rates I started shopping around and it seems they were all in the same ball park. Theft is getting worse and worse everywhere which means more claims, so they raise rates.

Yes and parts for my car are on a long back order and since it's a 2022 they are expensive.

 

[FelixDeCat]

Lhdx 100 @ .55

Edit: Added 670 more at .71

 

[FelixDeCat]

This market is pretty stinky.

 

[AdamK47]

The market is falling asleep.

 

[jpiniero]

Hike in July is now the favorite. Which would make it 4 hikes from where things are right now.

 

[FelixDeCat]

Hike in July is now the favorite. Which would make it 4 hikes from where things are right now.

Which is why I decided to sell again for now. Retirement Money Market is paying 4.5% to do absolutely nothing but sit and wait it out.

The only good catalyst I can see this year is Russia finally capitulating in Ukraine.

 

[IEC]

9 month CDs on USAA are at 4.5%. Free money for no effort.

 

[jpiniero]

The only good catalyst I can see this year is Russia finally capitulating in Ukraine.

I don't think that would make much of a difference at this point really.

The Fed rate odds site I use added more dates and the current favorite for July 2024 is only at current levels.

 

[AdamK47]

I don't think that would make much of a difference at this point really.

The Fed rate odds site I use added more dates and the current favorite for July 2024 is only at current levels.

What site is that?

 

[Brainonska511]

9 month CDs on USAA are at 4.5%. Free money for no effort.

You can get a CD at 5% for 11 months at Capital One (offer open until 3/14)

 

[jpiniero]

What site is that?

CME FedWatch Tool - CME Group

Count down to the next Federal Open Market Committee (FOMC) rate hike with the CME FedWatch Tool, based on the Fed Funds target rate. View the tool.

www.cmegroup.com

 

[FelixDeCat]

I don't think that would make much of a difference at this point really.

The Fed rate odds site I use added more dates and the current favorite for July 2024 is only at current levels.

If Russia quit its stupid attempt to take Ukraine that would allow Ukraine to be able to contribute the world economy again which over the long term would help to ease prices in food, etc.

Plus the bonus might be the end of Putin and Russia rejoining the world community as a peaceful nation.

 

[Dr. Detroit]

What site is that?

I use this one:

Fed Rate Monitor Tool - Investing.com

Our fed watch tool displays a forecast estimation for fed hikes or cut by the next upcoming FOMC meeting.

www.investing.com

 

[FelixDeCat]

This is probably the usual spring rally. The Fed will fix that with .50% hike.

 

[repoman0]

You can get a CD at 5% for 11 months at Capital One (offer open until 3/14)

You can get >5% straight from the treasury for one year notes — no state tax on interest with those. Two year treasuries are very close to 5% too.