Message from @Deleted User
Discord ID: 481118518725705728
Word of the day on <http://www.UrbanDictionary.com>
My thoughts on the stock market:
* The government gives people tax breaks for funneling their money into the stock market.
* The government manipulates the interest rates low so that any traditional investment vehicle now gets like 0.05% return and the dollar loses at least 3% of its value every year, so the stock market is the only way to avoid the effective confiscation of your savings. This system is so clever, it manages to steal purchasing power from the cash in your mattress.
* The government gives employers tax breaks if they hold back 5% of your pay unless you agree to go halfsies with them in the stock market.
* They tax you if you don’t stay balls deep in the market until the age of 65, pulling out is not an option.
The stock market is overflowing with the dollars of idiots who don’t belong there.
This is true. All my money is in gold, silver, cash, POGs
@Freiheit - CA POGs?
My Discover savings account earn 1.73%/1.75% APY, Inflation has averaged 2-2.5% over the last decade. Yes the govt gives incentives to get in (and stay) in the stock market. With that said, a 401k allows you to hold cash or bonds. There are many alternatives to equities
Joking about pogs
Physical silver all day boys
Silver is still down a bit
What do you like to buy @Louis Loire - NY generic, premium stuff, or both?
us mint stuff eagles tubes mostly
Some Maple leafs too lol
Have a few nice bars from other more premium mints
I used to buy premium stuff but now I just get Eagles and generic rounds unless something really cool pops up. I love poured bars as well.
Exactly no need for fancy stuff I just stack eagles and leafs now
> a 401k allows you to hold cash or bonds. There are many alternatives to equities
Cash gets effectively stolen through money printing. Bonds are just stealing from future taxpayers.
Yes, money deteriorates in value through inflation (one cause of which is money printing). If stocks are projected to earn -10% of the next year which cash gets you 0% while inflation is 2%. Real returns are -12% and -2%. I'd say cash is the superior investment class. Of course we do not have the surety of what the different asset classes will return over any time horizon
Canadian Maple Leaf rounds and bars ftw.
2:15 - 4:50
Any of y'all do forex?
@Deleted User I've looked into it a few times, I haven't really done anything yes but I have a forex trading account with TD Ameritrade
Do you trade forex at all?
It's something I would like to learn more about
No I don't, but I'd like to. It seems very opportune
This week this bull market (3/9/09 start date) will become the longest bull run ever over the last 100 years
The S&P has gained 322% over that tome period. The third largest gain during a bull market
What’s the #1 and #2 largest gains?
@Tanner - SC the dot com bubble in the 90’s followed by the pre Great Depression period in the 20’s
What % gain were they?
Anyone betting with liberals and taking their money?
You can buy shares of Trump still being president at end of 2019 for $0.65 per share. If you’re right, you collect $1.00 per share. Profit of 53.8%.
Totally legal, they’ll even send you a form 1099-MISC for your earnings at the end of the year.
<https://www.predictit.org/Browse/Group/83>
wow
Bet $36, win $100, profit $64 or 278%.
This isn't the forum...by that I mean: This strategy isn't as effective as it could be. One should really share this in libtard forums so they push the pot up making for windfall profits.