Message from @Tanner - SC
Discord ID: 410648049472503809
Yeah I would like to know that too, my head's been spinning seeing Bitcoin then NVDA then AMZN going up so fast, as well as the overall market in general.
the market has been on a tear which makes me nervous which is why i sold half my SSO stake when i hit a 10% return
i am taking part of that money and redeploying in an Aerospace & Defense fund and adding a little bit to my CLNS-J preferred stock which is currently yielding ~7.6% after selling off
i go back and forth between how much cash i want on hand vs. how much i want to be invested
most of my investments are in retirement accounts so i wont have access to it for quite some time
@Zyzz yep most of my investments are in retirement accounts too, split about half and half between retirement accounts and retail accounts.
@Zyzz is it a good idea to buy and hold bond funds as interest rates are rising? The underlying fund will go down in value but would the interest payments make up for the decline?
@GetOffMyState#8267 highly unlikely. Now is generally a good time to get out/not buy yield stocks and bonds. If you absolutely have to(or want to) hold some sort of fixed income product you’re going to want to buy something with a high coupon/dividend rate (assuming they can actually make the payment/cover the dividend). The idea being is a a larger part of their present value is made up of the coupon payment as opposed to the bond maturity value so the inevitable decline in value (as rates rise) will not be as severe as it would at a lower coupon level (all else equal). To answer your question directly, given the low level of interest almost all bonds pay right now, no the interest earned would not make up for most of the decline
haha thanks @Deleted User . WIsh I had checked my Doom Paul o'meter this morning
Old Fed Chair says she created a bubble
Lol created a bubble? Of course she did. This entire “recovery” has been about asset appreciation. Only now are we actually starting to see wage growth
hm, market opening strong today
Bro my normie mom has lost so much money the past few days and is buying at the same time lol.
@JesseJames wow i feel bad for her losing money , today was a respite for her though, market went up
I haven't spoken to her today but I'd say she is pleased with that. She was telling me it was some kind of correction where it shot up so fast. I'm not into trading and all of my investments are in very safe places. And I leave them alone. She is very into trading and investing. She lost 200k after 911 and stuck with it and loves it.
@JesseJames despite the loss, she sounds like a lady that follows stocks! People have been expecting a correction for a few weeks now, it's part of the normal business cycle
Yes for a woman she is pretty smart. Also pretty darn successful.
https://cdn.discordapp.com/attachments/352760194775777282/406713267898155019/Screen_Shot_2018-01-27_at_2.31.15_AM.png @Tanner - SC interesting check out this picture I made a few weeks ago, it's just snapshots comparing household debt by asset class now and before the 2008 crash. One noticable thing is how HIGH automotive debt is. And if you look deeper in the fed report, some 31% of automotive loans are in default, it's crazy
The auto loan market is a mess. I don’t understand how they can still make all of these auto loans and have defaults like that. Who the hell is buying all of these securitized auto loan products?
A pull back in auto lending will send ripples through the auto industry which will probably result in layoffs at manufacturing plants/dealerships/auto lending people. Perhaps even at the corporate level as well
Wow, this may be one of the most accessible yet comprehensive investing guide's I've seen: http://tlc.thinkorswim.com/center/howToTos/main/0/groups/0/file/HowTothinkoswim.pdf
Will check this out after work
I don't know where it is appropriate to post this but my brother will graduate this semester from undergrad and is still looking for a job. He goes to Pittsburgh uni, double major in actuarial science + Econ, he has a 3.5 gpa but a 3.8 in his majors. Will give transcript + resume to those who dm. He isn't "one of us" but he is "trumpist". He is willing to move wherever in the continental US. If you have experience getting a job in this field please DM places he should look, or other contacts you have and would be willing to give. If you yourself have leads/openings those would be greatly appreciated. If you are wary of leaking personal info(personal leads/business opening you have) to me please DM @Matthias and he will confirm that I am trustworthy.
@everyone ^
@Bobby - Pa#5314 with a GPA like that in those majors and at a school like Pitt I find it hard that he would have trouble landing something. Is he a bad interviewer?
@Zyzz thats the thing I am finding so odd...the area has so many jobs related to the industry and apparently he has sent out a massive amount of apps, idk whats going wrong
He's a fucking white male. They are probably only looking for diversity hires. It kinda sucks but it would be a good time to drop some red pills.
@Bobby - Pa when did he graduate? Big companies go through hiring rounds for entry level employees close to graduation dates.
Also what is he using to apply? Some people I know get sucked into Indeed but I found it pretty poor on both sides
@ThisIsChris he didn't graduate yet, I told him that, and mainly the pitt database, I don't know what other options he has used, will make sure to ask. He graduates this semester
He should go to some firms and apply directly. School job boards are a real mixed bag of results. I posted a job to one a few years ago and I never took it down. I still get emails with people applying that I just don't look at. They should notice the ad is 2 years old but maybe that information isn't made very clear on the website.
Once he gets his foot in the door and gets a few years experience it should be much easier to get a new job somewhere else if he wants
@ThisIsChris thanks I will tell him to use that strategy, I really appreciate all the advice
thank you to those who responded so quickly and messaged me with advice on this thread or privately, I really appreciate it
a lot of companies hire on an as needed basis too. i graduated without a job offer