Message from @ThisIsChris
Discord ID: 524417981564977163
Yeah, I'm getting out soon.
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.
Maybe we'd be better off if Trump doesn't get reelected and some Democrat gets blamed for the next crash
I’m betting they’ll crash the market before the 2020 election.
March 2019
Classic rant on how the middle class spends way too much on automobiles.
https://youtu.be/F4p0Da_cbzQ
@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.
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.
I know basic excel but I don't want to pay for it on my home computer.
Office Libre is an Open source Office suite.
It's Excel counterpart is capable
Mint is the best thing i am aware of. Not sure if it’s printable though
Thanks @Tanner - SC That's exactly what I was looking for.
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.
How about them stocks eh
I'ts all on sale!
@Ecarttev That's for sure! Do you trade options by the way?
I don't. I mainly do index investing for retirement.
Some times I'll take left over fun money and try individual stocks
Or particular indicies?
I usually stick with indicies too, but just short term trades with futures and options mainly.
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
Wow nice it seems to be pretty stable for a stock.
When you consider the consistent dividend too
What is it like an REIT?
oh I see, diversified equity portfolio
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
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.
I keep it in my Robinhood "Play" account
haha sure why not. I did hear a recent scandal about RobinHood though.
YUP, that whole "Banking" thing
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.
Skeevy
There is always a catch, no free meals
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.
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.
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.
Schwab is where I parked my Roth IRA.
Yep same here, it's connected to my bank account too which is pretty convenient