Sanrith Descartes
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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!
Fogel
Mr. Poopybutthole
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Sanrith Descartes
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Fogel
Mr. Poopybutthole
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Sanrith Descartes
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Algos busy parsing every word of the Fed statement. They left rates unchanged, btw.
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Sanrith Descartes
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I mean if you're going to fuck up investing, that's a pretty safe one to do it on.
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Aldarion
Egg Nazi
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Whether fake or not, the practice of labeling sub-1-year investments with ONLY their annualized rate is fucking dumb. Its like if you went to the grocery store and the only thing listed was the unit price, and you had to do the math to find out how much the box cost.
No, the math isnt hard. And no its not an error I've ever made myself. But its still a dumb labeling system. A bond that gives 0.99% yield at maturity should be called an 0.99% yield. Stick the annualized figure in parentheses if you like. I say this not because it will save someone from some kind of investing error, but because I hate dumb counterintuitive labels. Just label it the obvious way that literally anyone would understand on first reading.
No, the math isnt hard. And no its not an error I've ever made myself. But its still a dumb labeling system. A bond that gives 0.99% yield at maturity should be called an 0.99% yield. Stick the annualized figure in parentheses if you like. I say this not because it will save someone from some kind of investing error, but because I hate dumb counterintuitive labels. Just label it the obvious way that literally anyone would understand on first reading.
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Sanrith Descartes
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Blazin
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Making some nice money off the lows. Still holding SPY and TLT bought about 1/4mil total. TLT I got just off the low, SPY I bought three times from $410-423. It's tempting of course to take the gain but going to trail and try to be patient as there could be 5%+ more to come in the pretty near term.
...edit I did still hold some TLT from $93 as well from earlier.
...edit I did still hold some TLT from $93 as well from earlier.
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Sanrith Descartes
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I have been leveling in off the support levels on SPLG. Hit green on my position today. I do lament that last miss by pennies down at $48 but thems the breaks.
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Jysin
Ahn'Qiraj Raider
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My SPY gain from 410.5
I have trimmed half, as I am skeptical of AAPL earnings tonight and leading into a potential Fri risk-off move.
(yes I can be dead wrong on this, but trying to be prudent and taking some profits.)
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Sanrith Descartes
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Blazin
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Sanrith Descartes
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Close to 4% slide now. Tomorrow could be ugly. Declining sales are part of it. Their costs ballooned as well.