#noncrypto-investing (Discord ID: 352760194775777282) in MacGuyver - Skills & Academics, page 9

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2018-10-11 19:31:20 UTC

Lol yes

2018-10-11 19:32:40 UTC

Anatomy over quality. Great idea

2018-10-11 19:50:09 UTC

Wow I'm glad I closed most positions on Tuesday, what a cliff

2018-10-12 00:20:54 UTC

Are there even any forex accounts that let you trade pretty obscure currency pairs

2018-10-12 00:21:01 UTC

Like Vietnamese dong, etc

2018-10-12 00:22:31 UTC

Also if you were considering buying any Chinese equities now wouldn’t be the worst time, don’t expect to hold them forever though. They knocked their reserved requirements recently (signaling that they want the money supply to expand obviously.) That coupled with the pretty low prices rn because of the tariff thing could be interesting in the mid-future range

2018-10-12 00:22:56 UTC

Also Sears is pretty much kill as of today

2018-10-12 00:24:08 UTC

Debt holders are trying to force it into bankruptcy, I heard. I guess the settlement they’d get now is probably more than they’d get if they waited for the inevitable implosion?

2018-10-12 00:25:55 UTC

> short Sears
> value goes to zero
> you now have infinity dollars

2018-10-12 00:27:43 UTC

>Short sears
>company doesn’t exist at end of period
>no one to give sears shares back to because no shares
>I am sears now

2018-10-12 00:27:59 UTC

lmao you can still buy Blockbuster stock

2018-10-12 00:29:10 UTC

>register IE hedge fund
>identitarian value investing and massive hoarding of obscure haypenny stocks

2018-10-12 00:30:45 UTC

now this is what real white men invest in

2018-10-12 00:31:19 UTC


2018-10-12 00:31:23 UTC


2018-10-12 00:31:30 UTC

Lmfao wtf

2018-10-12 00:32:35 UTC

you can buy the entire company for $67,695.20

2018-10-12 00:34:57 UTC

They haven’t posted a balance sheet or anything since 2011

2018-10-12 00:35:19 UTC

If this beta is literally -17 I have found the ultimate hedge

2018-10-12 00:35:41 UTC

By ultimate I mean absolutely haunted

2018-10-12 00:39:42 UTC

$67,695.20 market cap / 800 IE members = $84.62 per member

2018-10-12 00:48:54 UTC

EV would be market cap + debt

2018-10-12 00:49:02 UTC

(And preferred stock but lol)

2018-10-12 00:50:38 UTC


2018-10-12 00:53:44 UTC

@Jacob They had lots of Blockbusters in Alaska (Anchorage + suburbs, Juneau and Fairbanks, and towns along the in-betweeh highways) as recent as 2012. I guess they shut down after Alaska finally got high-speed internet.

2018-10-12 00:54:17 UTC

There's still like 5 in Oregon and Texas

2018-10-12 00:55:37 UTC

I read about it a few months ago. Apparently there's only 1 left 😢

2018-10-12 00:56:24 UTC

@Jacob There's a little independent rental place in my small OK town. But it makes most of its money as a furniture rental/sales store. It has always doubled. Strangely!

2018-10-12 00:57:52 UTC

lol some Danish streaming service bought the rights to the "Blockbuster" name

2018-10-12 00:58:19 UTC

> IE buys out Blockbuster
> gets royalties from Danish streaming service

2018-10-12 16:22:33 UTC


2018-10-12 16:22:58 UTC

This stock has been halted since yesterday, tf?

2018-10-12 16:23:12 UTC

wat mean

2018-10-12 17:03:03 UTC

@Deleted User it means the exchange has halted trading on it until further notice. Halting happens sometimes, usually only lasts a few hours. It's usually when a gigantic spike in volume causes something weird to happen like crashing the company. In the mean time you can't buy or sell and shares

2018-10-12 17:03:56 UTC

No, no I understand halting already

2018-10-12 17:04:10 UTC

just wondering why its been halted this damn long

2018-10-12 17:04:37 UTC

since close yesterday

2018-10-12 17:07:08 UTC


2018-10-12 17:08:04 UTC

Guess I found my answer, but why does it require being halted? Don't other companies just keep trading while getting something reviewed?

2018-10-12 19:22:33 UTC

@Deleted User yeah that is odd, I thought 99% of trading biotech stocks is to make money during FDA approvals

2018-10-12 23:08:40 UTC


2018-10-12 23:09:44 UTC

> The company is also one of just two other global giants that have implemented pay equality across all levels, including low-level employees and top executives.

2018-10-12 23:16:27 UTC

Could have built the wall with this money


2018-10-16 20:52:44 UTC


Great resource for anyone interested in defense/tech/intelligence companies.

2018-10-16 22:00:31 UTC

@SamanthaM Pertaining to the above do you know anything about Thales Group/Arms? My family has a large amount invested in them.

2018-10-16 23:01:57 UTC

Wow NFLX popped 11% after the earnings report.

2018-10-16 23:29:15 UTC

“My biggest threat is the Fed,” Trump said on Tuesday during an interview with FOX Business’ Trish Regan. “Because the Fed is raising rates too fast, and it’s too independent," he complained.


2018-10-16 23:47:39 UTC

Don’t get my hopes up Mr. President...I’ve been waiting for this since Ron Paul ran years ago.

2018-10-17 11:46:30 UTC

Interesting talk on high-frequently trading

2018-10-17 19:45:09 UTC

its so painful to see charts like this when you didn't get it in on it 😩


2018-10-17 23:47:10 UTC

@Deleted User wow nice. I usually don't even hear of these things until days later, since I'm usually watching indicies. Where do you look for new things?

2018-10-18 00:27:56 UTC

I don't use scanners or anything, but I'm in a few stock related servers and people usually say when something is moving. Also I have StockBot on my private discord which lets you scan and amalgamates news

2018-10-18 00:28:45 UTC


2018-10-18 00:29:00 UTC

its pretty useful @ThisIsChris

2018-10-18 18:51:24 UTC

$YECO closed at 600%+ yesterday, and opened today at 1,160%+

2018-10-18 18:51:39 UTC

I'm butthurt

2018-10-18 18:56:32 UTC
2018-10-18 18:57:45 UTC


2018-10-18 19:02:42 UTC

@Deleted User imagine it goes up 10x again tomorrow

2018-10-18 19:03:00 UTC

And you have options

2018-10-18 19:04:24 UTC

I'm not so sure

2018-10-18 21:44:02 UTC

@Deleted User yep honestly sounds like the kind of thing that may revert tomorrow, but I unfortunately know nothing about it so who knows, still cool though

2018-10-18 23:19:16 UTC

@Deleted User you can't think like that, dude

2018-10-18 23:23:36 UTC

like what haha?

2018-10-18 23:25:41 UTC


2018-10-18 23:26:59 UTC

I mean, opportunities like that aren't exactly every day. And I've gotten in on them before

2018-10-18 23:27:31 UTC

When I was paper trading, I was able to catch the infamous $LFIN

2018-10-18 23:29:34 UTC

There's a reason why people don't make money on that stuff. It's anomalous. Don't go chasing waterfalls. Stick to the rivers and the lakes that you're used to

2018-10-18 23:31:00 UTC

I'm not only looking to trade these lol, I'm fine with 3% for the day too

2018-10-18 23:31:18 UTC

I'm just saying why the hell wouldn't I want to get in, given the opportunity

2018-10-22 05:52:56 UTC

@Deleted User thoughts for this week?

2018-10-22 05:53:16 UTC
2018-10-22 06:05:07 UTC

@ThisIsChris Nothing in particular, I'm not as wise as I should be here. hopefully the market heads up again from this recent downtrend

2018-10-27 03:38:59 UTC

There’s a lot of reasons not to trade but if you want some pointers let me know, I’ve been in for quite a while but I’m typically risk off or focused on commodities

2018-11-05 20:10:12 UTC


2018-11-05 20:10:27 UTC

pretty, innit

2018-11-05 20:11:07 UTC

So satisfying

2018-11-05 20:11:45 UTC

@Deleted User did you buy?

2018-11-05 20:12:17 UTC

Yeah I'm in it

2018-11-05 20:14:20 UTC

@Deleted User great job!

2018-11-05 22:49:06 UTC

>Beginning in October 2019, all Certified Financial Planners will be required to act in the best interests of their clients at all times when providing financial advice. While many CFPs already operate this way, CFPs are currently only required to act as a fiduciary when helping clients with financial planning.

2018-11-06 15:21:41 UTC


2018-11-06 15:21:58 UTC


2018-11-06 16:58:46 UTC

@Tanner - SC yeah there's a few bets I'm maxed out on for an easy 12% return, like "will Rs hold senate"

2018-11-07 19:37:17 UTC

@Tanner - SC how did you do? I walked away with a good return

2018-11-07 21:28:32 UTC

I made almost $300

2018-11-07 21:29:02 UTC

Just remember, guys. Predictit.com isn't investing. It's gambling

2018-11-07 21:30:19 UTC


2018-11-07 21:30:25 UTC

it's not really gambling either

2018-11-07 21:30:32 UTC

because gambling is chance

2018-11-07 21:30:45 UTC

this isn't so much chance as it is based on how well you know your stuff

2018-11-07 21:30:54 UTC

that being said, it's still risky, and you shouldn't get over confident

2018-11-07 21:37:03 UTC

@ThisIsChris I didn’t put in any money this time. I was not as confident as 2016.

2018-11-07 21:38:14 UTC

You could say PredictIt is speculation, which is still a form of investing. Not quite the same as gambling.

2018-11-07 21:47:30 UTC

<https://www.law.cornell.edu/uscode/text/31/5362> Legally it's considered a form of sports betting, which is the staking of a wager on the outcome of a certain event. What's interesting about PredictIt is that you can sell your stake to someone else before the outcome of the event is known.

2018-11-07 21:50:51 UTC

PredictIt is not investing because you can't capture anything that's produced along the way. (Although the public has access to the information you produce as someone willing to put their foot forward on a price.) This is different from shares of stock because that is ownership of a company which produces things and whose value increases in a non-zero sum way. But many common speculations are zero-sum such as stock options.

2018-11-07 21:52:09 UTC

@John O - nice job with the wins, what did you bet on?

2018-11-07 21:57:58 UTC

DeSantis winning Florida and Dems taking the House. I won big in 2016, so I've just been reinventing my winnings ever since then

2018-11-07 23:18:24 UTC
2018-11-07 23:18:53 UTC

I didn't know anything about that race so I didn't touch it.

2018-11-07 23:19:19 UTC

I had Dems <= 230 seats in house, and Rs 53-55 in senate

2018-11-09 23:24:36 UTC

How much did you score in 2016

2018-11-10 02:04:40 UTC

@ophiuchus 3k, the odds being offered back then were way longer than they should have been

2018-11-10 03:11:06 UTC

People often bet on what they want to happen instead of what will happen. The odds are seldom correct

2018-11-10 03:22:49 UTC

@John O - I was telling a friend about this, if you're going to bet based on emotion it would make more sense on things you don't want to happen, so in case they do happen then at least you get some money out of it. That idealism set aside, yes a lot of bets are often biased towards democrats there, although I've noticed a recent cohort of magapedes has shown up so nowadays I don't know what to think.

2018-11-10 05:09:19 UTC

That's what's great about betting

2018-11-10 05:09:56 UTC

As long as you bet based on what will realistically happen, you can take a lot of money away from people who bet based on what they want to happen

2018-11-10 05:10:08 UTC

They probably skew the odds a lot

2018-11-10 06:19:02 UTC

i've really only lost money on predictit... usually the rules are broken and i don't get the payout due to disqualification. i tend to buy sub 10c rolls though, so maybe one will pay off eventually 😛

2018-11-14 05:15:35 UTC

@ophiuchus VIX went down but VXX went up. Thoughts?

2018-11-14 21:41:13 UTC

VXX is daily futures for VIX, so not the same

2018-11-15 00:47:28 UTC


2018-11-15 01:11:31 UTC

@John O - 855-MAKE-10K got it

2018-11-15 01:11:45 UTC

seems legit

2018-11-15 01:11:45 UTC

lol I guess they paid a lot for the vanity number

2018-11-15 01:12:02 UTC

But you better not have any homes of a raise, or they'll have to get a new number

2018-11-15 01:26:09 UTC

I just got off the phone with them. I bought their Get Started in Sales package. Will report back with results

2018-11-15 23:46:39 UTC

NVDA 17% down on earnings report

2018-11-16 03:29:35 UTC

@ThisIsChris is it partially due to their top of the line model catching on fire and the resulting recall?

2018-11-16 04:32:15 UTC

@Tanner - SC haha not that I heard of, more likely because they missed revenue expectations by 60 million and had been priced at a high multiple

2018-11-16 23:06:39 UTC

@ThisIsChris Excess inventory from overproduction when crypto demand died.
> Nvidia announced its third quarter financial results, but a worrying glut of graphics cards in the channel, which Nvidia CEO Jensen Huang chalked up to a "Crypto hangover," impacted overall earnings and guidance. The news sent the company's stock plummeting 18% in after-hours trading. Nvidia expects the oversupply to require "one to two" quarters to recede.

2018-11-21 17:03:22 UTC

Gasoline is cheap!

2018-11-21 17:03:30 UTC


2018-11-29 22:40:41 UTC

I have a tax question.

2018-11-29 22:41:39 UTC

I’m driving quite a bit for IE purposes, and I intend to mark so on my taxes. Will I need to provide documentation like odometer readings? How does all of that work?

2018-11-29 22:44:37 UTC

Is IE your employer?

2018-11-29 22:45:53 UTC

I found this from TurboTax

2018-11-30 01:00:23 UTC


2018-11-30 01:04:01 UTC

You can deduct the miles driven in a personal car for work.

2018-11-30 01:08:17 UTC

The more documentation you have the better it is at tax time. Here is the IRS' own words.

2018-11-30 01:08:24 UTC
2018-12-07 11:39:00 UTC

okay someone explain this to me

2018-12-07 11:39:24 UTC

to rent a house or get a mortgage you need proof of income

2018-12-07 11:39:33 UTC

but once you move, you won't have that income anymore

2018-12-07 11:39:46 UTC

so how do you get prove of income to move somewhere far away?

2018-12-07 11:51:06 UTC

Maybe a job offer letter will do?

2018-12-07 15:30:54 UTC

@Jacob @Ecarttev yep job offer letter, paystubs, and proof of assets.

2018-12-07 16:12:28 UTC

okay so this is my plan for when I finally move

2018-12-07 16:12:33 UTC

don't buy at first

2018-12-07 16:12:41 UTC

because that's a huge decision

2018-12-07 16:13:10 UTC

rent a place for a while, and, while I'm there, learn about the home buying process and physically examine potential homes

2018-12-07 16:13:16 UTC

and then buy when I'm ready

2018-12-10 04:06:00 UTC

“This is the longest stock market rally in history without a 20% correction”

2018-12-10 04:06:35 UTC

Save while the times are good, y’all. Live below your means.

2018-12-10 18:23:48 UTC

Yeah, I'm getting out soon.

2018-12-10 19:42:56 UTC

Yeah I've been selling off holdings for over a month and I pulled out my last holdings two weeks ago after I've been bleeding for months, just before the most recent cratering. The market does seem to be bouying on speculation that the fed is going to save it by not raising interest rates this tuesday or wednesday. I don't know what to make of that, but my short-term short position on S&P500 wasn't great this morning.

2018-12-10 20:30:20 UTC

Maybe we'd be better off if Trump doesn't get reelected and some Democrat gets blamed for the next crash

2018-12-12 03:00:59 UTC

I’m betting they’ll crash the market before the 2020 election.

2018-12-12 11:58:22 UTC

March 2019

2018-12-13 01:15:06 UTC

Classic rant on how the middle class spends way too much on automobiles.

2018-12-13 03:05:20 UTC

@Tanner - SC I wonder what he would say about houses in NYC? I live here and renting is reasonably affordable but buying here seems insane, I just don't see how the numbers for that ever work out.

2018-12-16 21:24:29 UTC

Does anyone know a good budget program or app. I'm trying to get an idea of exactly where I stand and I'd like to make printable balance sheets.

2018-12-16 21:36:02 UTC

I know basic excel but I don't want to pay for it on my home computer.

2018-12-16 21:49:39 UTC

Office Libre is an Open source Office suite.

2018-12-16 21:49:56 UTC

It's Excel counterpart is capable

2018-12-16 22:08:36 UTC

Mint is the best thing i am aware of. Not sure if it’s printable though

2018-12-16 22:56:18 UTC

Thanks @Tanner - SC That's exactly what I was looking for.

2018-12-16 23:22:23 UTC

Did my budget. It hurts. I did notice a few areas where I am spending a lot more than I should be though. I spent almost $600 on fuel in November. Don't buy an F-250 and then use it for cross country trips guys.

2018-12-18 02:20:45 UTC

How about them stocks eh

2018-12-18 02:35:38 UTC

I'ts all on sale!

2018-12-18 02:48:11 UTC

@Ecarttev That's for sure! Do you trade options by the way?

2018-12-18 02:48:55 UTC

I don't. I mainly do index investing for retirement.

2018-12-18 02:49:28 UTC

Some times I'll take left over fun money and try individual stocks

2018-12-18 02:49:50 UTC

Smart! Any stocks or industries that you like to follow?

2018-12-18 02:50:33 UTC

Or particular indicies?

2018-12-18 02:50:52 UTC

I usually stick with indicies too, but just short term trades with futures and options mainly.

2018-12-18 02:51:40 UTC

I'm testing out ddf from Delaware Investments it's paid 10 cents amonth per share forever, and that seems to not be effected by price so much

2018-12-18 02:52:35 UTC

Wow nice it seems to be pretty stable for a stock.

2018-12-18 02:52:57 UTC

When you consider the consistent dividend too

2018-12-18 02:53:07 UTC

What is it like an REIT?

2018-12-18 02:54:46 UTC

oh I see, diversified equity portfolio

2018-12-18 02:54:49 UTC

I think it has some REITs in it, seems to have dividend stocks in it . it seems that they way they can hold it that stable is that don't give more out in good times to hold in reserve for lean times

2018-12-18 02:55:36 UTC

interesting! Yeah that dividend is great! 10 cents a share -> 1% paid out each month, that's like a 12% return each yeah. I might go ahead and pick some up too.

2018-12-18 02:56:07 UTC

I keep it in my Robinhood "Play" account

2018-12-18 02:57:11 UTC

haha sure why not. I did hear a recent scandal about RobinHood though.

2018-12-18 02:57:32 UTC

YUP, that whole "Banking" thing

2018-12-18 03:00:31 UTC

Yeah, did you notice how it was announced in kind of a rush on Thursday obviously without having their SIPC stuff in order yet? The rumor I've read, unreleased in any media outlets but seems to have been confirmed independently by screenshots on several forums, is that they were having a ton of tech problems last Wednesday, in particular they were trading Call options as Put options and vice-versa for a few hours on Wednesday. *If* that's confirmed true then RobinHood is on the hook for the money those people lost, and some people are speculating this "banking" account is a way for Robinhood to quickly beef up its cash to pay out to those people. This is apparently legal because their "banking" account is really just a kind of mutual fund that they make it easy to draw from.

2018-12-18 03:01:04 UTC


2018-12-18 03:01:20 UTC

There is always a catch, no free meals

2018-12-18 03:01:59 UTC

Yeah, but from what I've read this is supposedly kind of legal because it's not a real bank but a fund investor. "No free meals" yeah exactly.

2018-12-18 03:03:45 UTC

OOOOH. That's a black mark on them. in my eyes. Maybe I'll just transfer my stuff to my main Brokerage and close them.

2018-12-18 03:05:43 UTC

Yeah I hate to come in and say one broker is better than another, but that was huge alarm bells to me. If you want a very cheap broker there's TastyWorks, or Interactive Brokers. But if you're only trading a few times anyway then any broker should be good. I have a TastyWorks account but I only use Schwab and TDAmeritrade.

2018-12-18 03:06:39 UTC

Schwab is where I parked my Roth IRA.

2018-12-18 03:08:47 UTC

Yep same here, it's connected to my bank account too which is pretty convenient

2018-12-18 15:43:04 UTC

How do we feel about marijuana stocks and the direction of the industry in general?

2018-12-18 18:13:19 UTC

Merchants of vice

2018-12-18 18:41:55 UTC

@Papa Pizzagate some people I know have liked CJC, but they say not to buy now saying it is overvalued. That being said, my personal policy is no Chinese stocks and no Marijuana stocks. Not out of principle, but because I can't trust the books of commies and potheads.

2018-12-18 18:59:26 UTC

Interesting theory. I feel like cronos is seriously undervalued given their growth, cash holdings, and their recent injection from Altria

2018-12-18 19:16:48 UTC

@Papa Pizzagate hey to be fair I may regret my thought on their books, those crazy cannibis cravers have certainly created a cash cow, I just don't know anything if there's still room to grow

2018-12-18 19:17:51 UTC

Yeah what are the ones I always hear about. Canopy, .."Tarp" I think, and CRON

2018-12-18 19:54:14 UTC

I'll have to think about it, thank you.

2018-12-21 19:22:59 UTC

For all the AAPL stock holders:


2018-12-21 19:41:30 UTC

oosh yeah.

2018-12-23 06:31:12 UTC

OTC is king now

2018-12-25 05:28:53 UTC

@Papa Pizzagate "Tilray" was the other weed stock I was thinking of, not "tarp"

2018-12-25 07:05:19 UTC


2018-12-25 07:05:37 UTC

I hear slack wants to go public. In 2019

2018-12-25 21:33:39 UTC

@Papa Pizzagate Interesting, their direct competitor, HipChat, is part of Atlassian, a suite of related development tools, which is publicly traded under TEAM. I wonder how a Slack stock would compare.


2019-01-01 14:16:47 UTC


2019-01-02 00:26:47 UTC

Hey everyone

I’m doing some tax planning for myself in 2019 (I’m also a CPA), if anyone wants any advice on tax planning or just generally personal financial planning I’d be happy to discuss here or in DMs.

2019-01-02 00:27:27 UTC

@everyone ^^

2019-01-05 21:12:25 UTC

@ThisIsChris am i remembering right, but i think you said some time ago that you use money markets at Schwab. Do you have ones you like?

2019-01-05 21:14:32 UTC

@Ecarttev It's hard to go wrong with SCHD, that's their dividend payer's fund. There's also SCHB (Broad US market based fund), SCHE (Emerging Markets Fund), and SCHZ (Bond fund) that are worth checking out.

2019-01-05 21:14:55 UTC

There's are all Schwab run ETFs so Schwab doesn't charge commissions when buying or selling them either.

2019-01-05 21:16:44 UTC

dope, thanks

2019-01-12 23:23:05 UTC

@Tanner - SC I'm looking at your link from Dec 9 about Harry Dent. Is he legit, partially legit, or questionable? I went on his twitter and it is indistinguishable from the tier of metals market zero hedge ads you see claiming "do x and y NOW before the collapse!"

2019-01-12 23:24:06 UTC

I was thinking about getting his Zero Hour book but then I saw how he operates like a huckster, seemingly buying this interview on fox business

2019-01-13 03:04:37 UTC

I don’t buy anything from the gold hucksters, but I do think they have useful commentary on the current state of the economy. Most people are far too optimistic about the future of such a manipulated and debt riddled economy and these guys provide a useful counter balance. I lean toward their way of thinking, though I find crypto to fulfill the use case of gold while also allowing the electronic transfer ease of modern payment systems without resorting to trading warehouse receipts like the inevitable result of gold used as currency.

2019-01-19 19:44:46 UTC

It’s almost time to utilize those cash reserves.

2019-01-27 17:45:59 UTC

Silver has broken its 30 and 60 day high...I wonder if this will signal a buy for a lot of people.

2019-01-27 20:11:11 UTC

Whoa just checked out the gold and silver (futures) prices, they really spiked at end of day Friday, I wonder why?

2019-01-27 20:46:08 UTC

People hedge with gold when they feel / fear a recession coming. I can’t speak to the futures pricing, but gold would be a decent hold through the next few years due market cycle.

2019-01-27 20:49:43 UTC


2019-01-27 20:52:52 UTC

@Ryan -NJ could you specify what to buy? When do I know when to buy? Not yet or now?

2019-01-27 20:57:55 UTC

@Jonaltright Timing the market is impossible. I use fundamentals analysis, cyclical trends, and geopolitical measures to buy when cash reserves are available. IE: Obama was passing Healthcare legislation circa 2009/2010. Taking into account the massive influx of mandatory capital into healthcare, the rapidly aging boomers... I shopped for some fundamentally sound / future growth organizations. I settled on UTC. It was a good play.

2019-01-27 21:00:18 UTC

@Jonaltright I would approach our current time in similar fashion. Pay attention to historical trends (bull/bear), major indicators, and invest in fundamentally sound / healthy companies. One brick at a time. Long game.

2019-01-27 21:02:48 UTC

@Ryan -NJ oh gotcha

2019-01-27 21:03:52 UTC

@Jonaltright The suggestion to have a position in gold is presuming that it’s being added as a multi tiered approach to an existing portfolio.

2019-01-27 21:06:44 UTC

Oh I see

2019-01-28 00:11:18 UTC

Yeah generally if you don't know what you're doing, it's best to go with some kind of "retirement fund". Retirement funds take different forms. Mutual funds used to be popular, now retirement target date ETFs are getting more popular. They all do more or less the same thing, which is put your money into a big pool that invests in many many things so that you're not tied to any one investment but rather you get the average increase of the overall economy. Though when it comes to the paperwork I do personally prefer the retirement target date ETFs although if you're using a 401k then you may only have mutual funds available to you. Plunk your money in a retirement fund and forget about it until retirement. Only pursue "trying to buy what and at what time" if you're willing to put in the time for research and willing to take risks based on your own research. It doesn't really pay off unless you find reading balance sheets in your spare time to be enjoyable. Trying to jump on trends without knowing the risks first is worse than gambling because in gambling at least you know the rules.

2019-02-08 21:52:15 UTC

Hey so the information is heavily censored so imy having trouble getting info in the yellow best banking run. Anybody know how that's going?

2019-02-08 21:52:37 UTC

Strong, weak, effective, ineffective?

2019-02-09 01:28:15 UTC

I mean in regards to the banking/investment industry

2019-02-09 01:29:31 UTC

The banking runs were supposed to happen. I guess the banks are restricting giving back deposits. Could this be a significant event in regards to future investing etc?

2019-02-09 04:18:04 UTC

@ThisIsChris and thanks for your response to my question about general investment in stocks. I see people who are smarter than me in terms of IQ and they seem to just get richer all the time picking stocks. I tried wealth front the automated investing algorithm but it just lost me $100 of $5000 I put in. Not gonna get rich and be able to afford a home, waifu, and kids that way anytime soon lol

2019-02-09 04:48:15 UTC

Deposits are FDIC insured up to 250k I believe. A run on the banks won’t impact you unless you have more than that

2019-02-09 04:50:33 UTC

@Zyzz what effect on the banking industry do you think the yellow vests will have in terms of banking runs?

2019-02-09 04:51:25 UTC

I guess the French bank accounts are protected like ours?

2019-02-09 04:51:41 UTC

*aren't protected

2019-02-09 14:14:42 UTC

French banks in the US have the same FDIC deposit protection just like an American bank so no impact

2019-02-09 19:37:41 UTC

> Deposits are FDIC insured up to 250k I believe. A run on the banks won’t impact you unless you have more than that

Do you realize that the FDIC does not have enough money to cover their insurance policy against a bank run of any significant scale?

2019-02-09 19:44:49 UTC

@Tanner - SC can't they borrow from the fed?

2019-02-09 23:26:40 UTC

Well if we are calling into question the stability of the FDIC then we ought to prepare for the global collapse.

2019-02-09 23:26:50 UTC

For the record, I am not in this camp

2019-02-10 05:53:40 UTC

@Zyzz so can they borrow from the federal reserve, or would they be underfunded in such an event?

2019-02-10 12:13:58 UTC

I’m not sure of the actual mechanics of how the FDIC program works but I don’t believe apocalyptic scenarios will pan out so I’m not worried about bank runs

2019-02-10 14:11:13 UTC

Oh ok. I have no investments or options in life generally so I was actually hoping for the banking runs to have some cataclysmic effect. Though I know better of course, things will likely not change in my lifetime

2019-02-10 17:34:14 UTC

@Jonaltright @Zyzz I looked into sources for what happens if the FDIC "runs out of money", this was a widely discussed topic in 2008. The FDIC wrote this in response to an article in Bloomberg speculating about what would happen if FDIC ran out of money:

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