Stock Market/Investing

[ijustposthere]

I'm certainly not making fun of you, I've been making fun of all the CNBC analysts that say "Don't time the market" while they sit there and time the market to make their money.

I find it very patronizing they tell the general public to basically just stick to dumping money into the market on a regular basis, as if normal people can't possibly grasp the notion of "Stuff cheap, buy now.... stuff valuable, sell now."

Basically they enjoy making money off timing the market and think you, the average investor, is too dumb to understand numbers.... literally that you couldn't possibly understand if you bought in at X and the market brings it to 2X then you can sell for 2X.

I know the general public on average is stupid, but I don't think the average viewer of CNBC or other business news is incapable of "Timing the market".

Personally, I'm just too scared. Especially in my 401k where there really isn't that many options. My HSA is very conservative, because I plan on having that for medical expenses, so it's mostly Bonds with a stake in the S&P. I do have a personal account where I'm a little more aggressive, and I'm putting money in bonds there until the market crashes again. My Roth is more for dividends, and I have a decent setup there, I feel, so I'm not all that concerned with what happens honestly. I put in a lot of research for the stocks in my Roth, looking at balance sheets and whatnot. Whether it was good research is yet to be determined.

 

[ijustposthere]

Yes, I buy the actual metals.

Gold I usually buy coins, Silver I buy bars.

I bury it in my front yard at 2am, as one ought to.

Just like Randy Quaid in Vegas Vacation.

On another note, you have no idea how often I use the Scrooge McDuck line LOL. I love winning a FFB league and telling my league mates I'm going to exchange their cash into gold coins so I can dive into them like Scrooge McDuck. Or pose like 2Pac.

 

[knoxville7]

Personally, I'm just too scared. Especially in my 401k where there really isn't that many options. My HSA is very conservative, because I plan on having that for medical expenses, so it's mostly Bonds with a stake in the S&P. I do have a personal account where I'm a little more aggressive, and I'm putting money in bonds there until the market crashes again. My Roth is more for dividends, and I have a decent setup there, I feel, so I'm not all that concerned with what happens honestly. I put in a lot of research for the stocks in my Roth, looking at balance sheets and whatnot. Whether it was good research is yet to be determined.

its crazy to me how some people just invest in companies without much research on them. Especially nowadays with the internet. Pre internet, it would make sense that people would do less research, and yet, I feel like they did more research back then. We’ve been given such amazing tech that can research just about anything, yet people have just become lazy instead.

 

[Burque]

Yes, I buy the actual metals.

Gold I usually buy coins, Silver I buy bars.

I bury it in my front yard at 2am, as one ought to.

You sound like a guy I know

He buys junk silver dimes. He used to have a guy that went to the coin auctions a lot and would find him deals on them until he passed away. I don't know how he is sourcing his coins these days, but he is funny he tells me "I had to start buying gold coins because I couldn't fit anymore silver ones in my safe, it was full." I ask him: why haven't you been buying gold ones all along? "One gold coin takes up a lot less space but they are harder to spend on things like gas and food and stuff."

Ever the optimist....

 

[MDB111™]

Yes, I buy the actual metals.

Gold I usually buy coins, Silver I buy bars.

I bury it in my front yard at 2am, as one ought to.

Do you bury it in increments or just git all yer gold in the hole at once and don't worry about timing it?

 

[Ares]

Do you bury it in increments or just git all yer gold in the hole at once and don't worry about timing it?

I time it.... literally.... 2am.... all the gold in the hole.

The key is to look extremely shifty while you do it.

 

[ijustposthere]

I time it.... literally.... 2am.... all the gold in the hole.

The key is to look extremely shifty while you do it.

 

[Hawkeye OG]

Personally, I'm just too scared. Especially in my 401k where there really isn't that many options. My HSA is very conservative, because I plan on having that for medical expenses, so it's mostly Bonds with a stake in the S&P. I do have a personal account where I'm a little more aggressive, and I'm putting money in bonds there until the market crashes again. My Roth is more for dividends, and I have a decent setup there, I feel, so I'm not all that concerned with what happens honestly. I put in a lot of research for the stocks in my Roth, looking at balance sheets and whatnot. Whether it was good research is yet to be determined.

This reminds me of a funny story about my HSA when I was just a wee-lad. When I started my career at my company, I didn't even know I had an HSA or wtf to use it for cuz I never go to the doctor. I was 22 and didn't care about much besides making money. So for the first 2 years I had been making a small $50 contribution to it 2x/month and was just all like 'oh an HSA that sounds cool for when I retire'. Thought I couldn't touch it until then lol. Then I come to find out that every year I meet certain health metrics (BMI, BP, other healthy shit) my company drops a nice $750 in it. So 3 years in, I finally get around to logging in to my account and I had like 4k sitting in there waiting to be invested. Had no clue I could even do that until my boss mentioned it to me. Dropped 100% of it into a Vanguard Dividend fund around the beginning of 2016. The next 3 years worked out pretty nicely for me for returns.

I've since moved it to a much more conservative model, 65% bonds, 35% stocks. Sometimes it pays to be a stupid millennial I guess.

 

[Ares]

This reminds me of a funny story about my HSA when I was just a wee-lad. When I started my career at my company, I didn't even know I had an HSA or wtf to use it for cuz I never go to the doctor. I was 22 and didn't care about much besides making money. So for the first 2 years I had been making a small $50 contribution to it 2x/month and was just all like 'oh an HSA that sounds cool for when I retire'. Thought I couldn't touch it until then lol. Then I come to find out that every year I meet certain health metrics (BMI, BP, other healthy shit) my company drops a nice $750 in it. So 3 years in, I finally get around to logging in to my account and I had like 4k sitting in there waiting to be invested. Had no clue I could even do that until my boss mentioned it to me. Dropped 100% of it into a Vanguard Dividend fund around the beginning of 2016. The next 3 years worked out pretty nicely for me for returns.

I've since moved it to a much more conservative model, 65% bonds, 35% stocks. Sometimes it pays to be a stupid millennial I guess.

I use my HSA to lease Audis that haven't been released to the general public yet.

I'm so f***ing cool.

 

[ijustposthere]

This reminds me of a funny story about my HSA when I was just a wee-lad. When I started my career at my company, I didn't even know I had an HSA or wtf to use it for cuz I never go to the doctor. I was 22 and didn't care about much besides making money. So for the first 2 years I had been making a small $50 contribution to it 2x/month and was just all like 'oh an HSA that sounds cool for when I retire'. Thought I couldn't touch it until then lol. Then I come to find out that every year I meet certain health metrics (BMI, BP, other healthy shit) my company drops a nice $750 in it. So 3 years in, I finally get around to logging in to my account and I had like 4k sitting in there waiting to be invested. Had no clue I could even do that until my boss mentioned it to me. Dropped 100% of it into a Vanguard Dividend fund around the beginning of 2016. The next 3 years worked out pretty nicely for me for returns.

I've since moved it to a much more conservative model, 65% bonds, 35% stocks. Sometimes it pays to be a stupid millennial I guess.

HSA was something I just figured out. I never even knew what it was. My company actually matches the first 1K every year, so I'm pissed I didn't figure out about this sooner. I'm 70% bonds in mine.

 

[truthbedamned]

I have a 5 gallon water bottle filled to the brim with coins from 40 years of dumping my change. No idea how much is in there but it is substantial as there are tons of quarters.There is an extreme shortage of coins right now here in Ca. Thinking of offering them to my bank at a 2.0 markup.
LOL

 

[Ares]

I have a 5 gallon water bottle filled to the brim with coins from 40 years of dumping my change. No idea how much is in there but it is substantial as there are tons of quarters.There is an extreme shortage of coins right now here in Ca. Thinking of offering them to my bank at a 2.0 markup.
LOL

What's causing the coin shortage?

 

[truthbedamned]

What's causing the coin shortage?

Honestly not sure. But seeing it in any store I go into as well as my bank has a sign requesting coins. Let me ask my close personal friend Google. He knows everything.

Edit: According to the Federal Reserve, the coronavirus pandemic is causing the coin shortage. When the pandemic caused businesses to close, it slowed or even stopped the flow of coins through the economy. Also, the U.S. Mint's coin production decreased due to COVID-19 measures meant to protect its employees.

COVID-19 pandemic causes nationwide coin shortage

"It's been almost impossible to get quarters lately," said Jake Devney, owner of Coin Clean Laundry in Minneapolis.

www.kare11.com

 

[Burque]

Honestly not sure. But seeing it in any store I go into as well as my bank has a sign requesting coins. Let me ask my close personal friend Google. He knows everything.

Edit: According to the Federal Reserve, the coronavirus pandemic is causing the coin shortage. When the pandemic caused businesses to close, it slowed or even stopped the flow of coins through the economy. Also, the U.S. Mint's coin production decreased due to COVID-19 measures meant to protect its employees.

COVID-19 pandemic causes nationwide coin shortage

"It's been almost impossible to get quarters lately," said Jake Devney, owner of Coin Clean Laundry in Minneapolis.

www.kare11.com

FTR, the only coins in the modern day that are actually worth anything are nickles. Trade that shit in, I bet a five gallon water jug with a good mix of coins is worth in excess of three grand. If you have a good bank they take them for free (They also usually have coin counters so it is no issue to just roll up with your jug of coins and start pouring, although don't get a hernia over it!) Maybe you can extort them for an extra .1 in value due to the coin shortage.... LoL...

You can buy rolls of junk silver dimes and, honestly, 50 or 60 rolls of silver dimes would be much more attractive long term than a 5 gallon jug of mixed modern coins, considering the price and the space.

Whatever you do, do NOT go to a coinstar and get extorted for ten percent of your change.

 

[Hawkeye OG]

Is anyone actually opposed to becoming a cashless society?

 

[ijustposthere]

Is anyone actually opposed to becoming a cashless society?

Yes.

 

[Burque]

Is anyone actually opposed to becoming a cashless society?

Uhhhh yup.

 

[Hawkeye OG]

Not necessarily 'advocating' for it but it is the way I see society is moving. I rarely, if ever, use cash to pay for anything. I hardly even have to use my cards anymore either. Just stick that little computer device in your pocket up to the reader and you're good to go. I enjoy simplicity and not having to handle cash and/or carry around a bulky wallet with all your cards works for me. Everyone has their preferences I suppose. Feel free to call me a stupid young millennial

 

[MDB111™]

Is anyone actually opposed to becoming a cashless society?

I am. I like to swim like Scrooge McDuck in mine.

 

[ijustposthere]

Not necessarily 'advocating' for it but it is the way I see society is moving. I rarely, if ever, use cash to pay for anything. I hardly even have to use my cards anymore either. Just stick that little computer device in your pocket up to the reader and you're good to go. I enjoy simplicity and not having to handle cash and/or carry around a bulky wallet with all your cards works for me. Everyone has their preferences I suppose. Feel free to call me a stupid young millennial

There's something very Orwellian about a cashless society. Also, the poor tend not to have access to even a bank account, so there's an argument that it would seriously increase the wealth gap.