Investing General Discussion
- Thread starter Furious
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Guest, it's time once again for the massively important and exciting FoH Asshat Tournament!
Go here and give us your nominations!Who's been the biggest Asshat in the last year? Give us your worst ones!
Jysin
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Post-Covid failed businesses / combined with a massive amount of work from home / migration out of cities. Offices are massively understaffed and the demand has absolutely crashed in big cities like NY. Those properties are very very expensive. No one wants to touch it, combined with massive interest rate hikes pushing affordability down further. Many banks are sitting on piles of unrealized commercial property losses.
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Sanrith Descartes
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To add on to this, lists of the original loans were interest only. Normally they are financed at a ratio of 1.25 lease income to payment. Most of these buildings can no longer meet that ratio and this can't find a refinance with their notes coming due with the massive balloon at the end.
Prediction: many building owners are going to walk away and then blame the reason on rising "crime" and not that they can't afford to refi.
NYC is still below 50% occupancy of CRE. Half the entirety of office space in NYC is vacant.
Edit: forgot to add that CRE is normally very profitable so all banks fund it. Don't believe the lie this only a small/regional bank issue. Even the bigs will have a hard time swallowing a large scale CRE default wave.
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Sanrith Descartes
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Sold off all my FTEC in my brokerage account. If this isnt a melt-up then I will content myself with the profits I made.
Dumped my USB for a fractional haircut. Not looking to hold a bank stock with the CRE issue in front of us.
Sold off the rest of my TSLA for a nice profit.
Dumped my USB for a fractional haircut. Not looking to hold a bank stock with the CRE issue in front of us.
Sold off the rest of my TSLA for a nice profit.
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Falstaff
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Big Phoenix
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Vix at its lowest point since nov 2019.
Also hilariously, vix is now only slightly higher than in the mid 90s when the US was basically still in a golden age.
When we wherent 30 trillion+ dollars in debt, when there wasnt a major conflict raging in Europe, when we where the sole superpower in the world not in a coldwar.
Also hilariously, vix is now only slightly higher than in the mid 90s when the US was basically still in a golden age.
When we wherent 30 trillion+ dollars in debt, when there wasnt a major conflict raging in Europe, when we where the sole superpower in the world not in a coldwar.
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Moglyzoke Moogleman
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I have also cashed out my FTEC for the time being. Seriously considering doing the same thing with MSFT too, but I think that
Jysin
may be right and it has another month to run or so, so I'm holding off on that. I should probably put a stop on it to hold onto most of the gain if things start to drop.
Question: what are some good dividend ETF's or instruments? Like
Blazin
recommended FSKAX a while back and I took that advice, but it's now up only a few % since I bought it. I'm sure it's going to be fine over a longer timeline so that's not a complaint. I was wondering if there's something similar to that but that also produces a semi-decent dividend as it goes, or is that asking too much and I need to put some money into companies like T?
Jysin
may be right and it has another month to run or so, so I'm holding off on that. I should probably put a stop on it to hold onto most of the gain if things start to drop.Question: what are some good dividend ETF's or instruments? Like
Blazin
recommended FSKAX a while back and I took that advice, but it's now up only a few % since I bought it. I'm sure it's going to be fine over a longer timeline so that's not a complaint. I was wondering if there's something similar to that but that also produces a semi-decent dividend as it goes, or is that asking too much and I need to put some money into companies like T?- 1
Furry
🌭🍔🇺🇦✌️SLAVA UKRAINI!✌️🇺🇦🍔🌭
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I'm almost back to my ATH in returns that I had back in 2022. The total is a nice chunk higher than the 2022 peak though, because of the money I've been shoveling in along the way. Haven't opened my main 401k since feb of 22, but it's set up for practically the same weights, so it's probably doing the same thing, I mostly leave it on autopilot. I should take a look, I gotta be creeping up on 500k, that'd be a nice barrier to break through.
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Mist
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Just my two cents:
While the short term can go in any direction, anyone making long-term bets against AI being a massively transformative technology is wrong. It won't necessarily be the big players today, someone could come out of nowhere with a real monetizable product, but it's absolutely going to change the world.
While the short term can go in any direction, anyone making long-term bets against AI being a massively transformative technology is wrong. It won't necessarily be the big players today, someone could come out of nowhere with a real monetizable product, but it's absolutely going to change the world.
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Moglyzoke Moogleman
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Big Phoenix
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Furry
🌭🍔🇺🇦✌️SLAVA UKRAINI!✌️🇺🇦🍔🌭
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Jesus Christ they turned the TSP website into absolute AIDS. There's literally a 5 month gap where they have no info on what happened to your account. What in the actual fuck. But I guess I shouldn't expect much from the fed, when their yearly individual retirements benefits outlook statement advertises turning your 401k into an annuity like its a good thing.
I was about 20k below what I thought I should be, so I was trying to figure out why, and it happened in that gap. Then I remember I did a loan against my retirement to just pay cash for my car, so guess it's all good... It used to suck, but man have they doubled down on the horrible experience.
I was about 20k below what I thought I should be, so I was trying to figure out why, and it happened in that gap. Then I remember I did a loan against my retirement to just pay cash for my car, so guess it's all good... It used to suck, but man have they doubled down on the horrible experience.
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Gravel
Mr. Poopybutthole
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I haven't been in a while, but I know that I had no data at all available prior to the changeover. Basically like I started a brand new account with whatever my old balance was starting that month (whatever year that was). I was pretty annoyed by it.
I've thought about transferring it all out of the TSP, but the fees are just so low, and it outperforms my total market funds (have 80% C, 20% S).
Sanrith Descartes
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Most of the dividend ETFs will have very small stock price appreciation and focus the returns on the dividends. I have a position of HDV in my mom's, portfolio (among others like JEPI). It's very, very low beta and keeps Capital intact. It pays like 3-3.5% last time I checked it (which was admittedly not recently).I have also cashed out my FTEC for the time being. Seriously considering doing the same thing with MSFT too, but I think that
Question: what are some good dividend ETF's or instruments? Like
PFF is another option. It's a preferred shares ETF that used to run in around 4.5% div yield. And of course there is JEPI.
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Sanrith Descartes
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This might put a dent in this run upwards...
finance.yahoo.com
JPMorgan Says Stocks to Suffer $150 Billion Rebalancing Sales
(Bloomberg) -- The relentless rally in equities faces a fresh threat over the next few weeks with the world’s biggest money managers set to unload as much as $150 billion of stocks.Most Read from BloombergSocial Security Benefits Targeted for Cuts by House ConservativesA Goldman Partner’s...
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This might put a dent in this run upwards...
JPMorgan Says Stocks to Suffer $150 Billion Rebalancing Sales
(Bloomberg) -- The relentless rally in equities faces a fresh threat over the next few weeks with the world’s biggest money managers set to unload as much as $150 billion of stocks.Most Read from BloombergSocial Security Benefits Targeted for Cuts by House ConservativesA Goldman Partner’s...
I'm a bit concerned about this. The company I work for (and own a sizable bucket of stock in) has been one of those rallying very nicely. No reason to think that fundamentals are going to go south on us, but I am concerned a "sinking tide sinks all ships" factor is going to beat my nice little next egg of company RSU's into the dirt.
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