Investing General Discussion

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Shonuff

Shonuff

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Big Phoenix said:
Oh I know all about that. My father was/is a Teamster.
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First time I went to a plant, I couldn't believe the waste. 80 people in the room, and maybe 6 of them were actually working. The rest were standing around doing nothing. We couldn't lay them off, because the union would strike. Couldn't layoff one single person, literally nothing would get them fired. One time, management wanted to fire a guy because he was only working twice a week (and wasn't calling, he just no-call no-showed). They brought in the union head to have a meeting with him. They asked him why he no-show no-called three times a week. The answer was because the contract said he couldn't do it 4 times a week!

Imagine how much money is being wasted when you have 80 people in a room making 50-60K a year, but only 6 of them are actually working.

It was sad, because when the bankruptcy came, none of them could get work elsewhere. Nobody wanted touch them, they were too lazy and they expected every penny of profit the company made. Its not great for the share price when the company makes $0.

In China, they make like $160 a month, and if they try to complain about wages, they take them out back and shoot them.
 
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Shonuff

Shonuff

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Mist said:
Re-shoring was the entire point of the Trump economic agenda. Not re-shoring is how the globalists continue to fuck the American worker.

In order to fix the system for the American worker, you have to be willing to endure many years of increased inflation. This was the inevitable outcome of the Trump agenda, and accelerated by COVID. Do not expect inflation to stay as high as it is right now, we're getting double- or triple-whammied by money printing + post-covid bottlenecks + tariffs, but once the effects of the first two taper off, expect inflation to be greater than it was the past 20 years for a long time. The Fed was printing tons of money that entire time, and the government was spending tons of money that entire time; globalism was the main force keeping inflation low, but globalism was actually bad for the American worker.

Remember in 1984, when it was "Morning in America", inflation was @ 4.32%.
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Did that make sense when you typed it?

The American worker has had plenty "fixed" for them. That's why they are sitting at home after the enhanced unemployment ran out. The Child Tax Care credit is that good, and the have more cash on hand than before covid, due to the stimuli.

The #1 thing you can do to fix things for Americans is to curb inflation. Under your plan, we get orders of magnitude higher inflation.
 
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OU Ariakas

OU Ariakas

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Shonuff said:
Did that make sense when you typed it?

The American worker has had plenty "fixed" for them. That's why they are sitting at home after the enhanced unemployment ran out. The Child Tax Care credit is that good, and the have more cash on hand than before covid, due to the stimuli.

The #1 thing you can do to fix things for Americans is to curb inflation. Under your plan, we get orders of magnitude higher inflation.
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I often wonder how many of the people living off the Child Tax Credit ADVANCE understand that they get however much they were paid out over these months deducted from their return?

There are going to be millions of families panicking when their usual 5k return is 0 or they even owe a few hundred dollars.
 
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Mist

Mist

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OU Ariakas said:
I often wonder how many of the people living off the Child Tax Credit ADVANCE understand that they get however much they were paid out over these months deducted from their return?

There are going to be millions of families panicking when their usual 5k return is 0 or they even owe a few hundred dollars.
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It will possibly be smaller, but there's no way your math works out of erasing a 5k refund.
 
TJT

TJT

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Considering how many people rely on their tax return as if it was a yearly bonus getting half of it is still going to push them into rage. They won't be able to comprehend that the advance they had 7 months prior was an advance.
 
Shonuff

Shonuff

Mr. Poopybutthole
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Mist said:
In order to fix the system for the American worker
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The answer to a self-inflicted problem, caused by government central planning, isn't more central planning. Adam Smith's The Wealth of Nations is required reading for anyone at a decent Economics or B-school.

www.forbes.com

There’s No ‘Supply-Chain Shortage,’ Or Inflation. There’s Just Central Planning

Work divided is what enables the very work specialization that drives enormous productivity. This division was to some degree shattered beginning in 2020.
www.forbes.com www.forbes.com
 
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ronne

ronne

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Alright bros where do I stash 70k in cash? I was gonna buy a house but for a variety of reasons that isn't happening for at least another year, and it's going to/already has been get demolished just sitting around liquid.

Who do you all use for individual investment accounts? I've got a well funded 401k already that I mostly ignore and treat as a fall back, and I'm not sure I trust that the world will exist long enough for an IRA.
 
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Sanrith Descartes

Sanrith Descartes

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ronne said:
Alright bros where do I stash 70k in cash? I was gonna buy a house but for a variety of reasons that isn't happening for at least another year, and it's going to/already has been get demolished just sitting around liquid.

Who do you all use for individual investment accounts? I've got a well funded 401k already that I mostly ignore and treat as a fall back, and I'm not sure I trust that the world will exist long enough for an IRA.
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Fidelity and TD are popular. Also see if your 401k is at a big firm like Fidelity. Easier to keep funds together.

As to where...

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ronne

ronne

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Sanrith Descartes said:
Fidelity and TD are popular. Also see if your 401k is at a big firm like Fidelity. Easier to keep funds together.

As to where...

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Yea it's at Fidelity, but I wasn't sure if there is some risk I'm not realizing having it all invested via one broker. Though I guess if Fidelity goes down we're all fucked anyway at this point.

I doubt I'm investing it anything fancy, probably just some kind of boring ass ETF blend. And maybe 5kish or so on some TLSA puts, that shit has to come back to reality someday right. RIGHT?!
 
Sanrith Descartes

Sanrith Descartes

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ronne said:
Yea it's at Fidelity, but I wasn't sure if there is some risk I'm not realizing having it all invested via one broker. Though I guess if Fidelity goes down we're all fucked anyway at this point.

I doubt I'm investing it anything fancy, probably just some kind of boring ass ETF blend. And maybe 5kish or so on some TLSA puts, that shit has to come back to reality someday right. RIGHT?!
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If you have your 401k in Fidelity's netbenfits then opening a self directed IRA is just a few button clicks.
 
Mist

Mist

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ronne said:
Yea it's at Fidelity, but I wasn't sure if there is some risk I'm not realizing having it all invested via one broker. Though I guess if Fidelity goes down we're all fucked anyway at this point.

I doubt I'm investing it anything fancy, probably just some kind of boring ass ETF blend. And maybe 5kish or so on some TLSA puts, that shit has to come back to reality someday right. RIGHT?!
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If you want boring, FFNOX - Fidelity ® Multi-Asset Index Fund | Fidelity Investments is pretty good.
 
Jysin

Jysin

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Really bad timing for RIVN ipo to open right as the market is selling. Open at ~$106. Not a lot of movement from there.
 
TheBeagle

TheBeagle

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Locnar said:
Whats the low down on SPIR? I bought shares a few days ago as a gamble.
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Sanrith Descartes said:
SPIR reports earnings after the bell. This is not "investing advice" but the stock is 100% shorted with a miniscule float and they report earnings after the bell tonight. Average analyst price is $12 and its currently at $5.25 due to shorts. If it pops to the upside it could create a nice squeeze. Disclosure: I own it and have additional puts out on it. It could also end up a flop like TRIT. Good luck and Godspeed.
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