Investing General Discussion

Sanrith Descartes · Mar 10, 2020

And.... we are in the red. Buckle up boys.

Sanrith Descartes · Mar 10, 2020

Furry said:
Extremely against. Weakening requirements when loose standards lead to this situation being ready to pop is exactly the wrong way to go. The great depression should have been a lesson on trying to stop inevitable pain. It doesn't work and probably makes it worse.

Because the failed to get rates up when the market was flying they have very little tools in their tool box right now. I bet the Fed is spitballing any idea they can about now.

Furry · Mar 10, 2020

LachiusTZ said:
Any thoughts on X (US Steel)?

We are due a big infrastructure push, and this Corona should encourage domestic manufacturing to return. That shit takes steel. All time low I think?

Better than most of the dip suggestions given here.

I think a broad-market approach is the best bet when I buy back in. There's going to be a lot of risk of changes to the economic system as a whole which may have huge impacts on industries in hard to predict ways. That said, I view the risk of US steel going away as lower than most.

Furry · Mar 10, 2020

Sanrith Descartes said:
Because the failed to get rates up when the market was flying they have very little tools in their tool box right now. I bet the Fed is spitballing any idea they can about now.

No tool in the fed's box can stop this. They shouldn't try to stop it either, they should be focused on forcing firms into lower-risk environments in order to give companies the best chance to weather it, rather than trying to prevent it.

Gurgeh · Mar 10, 2020

Sanrith Descartes said:
Nurgle approves of this action.

I've started to put some money back, I was at roughly 50% cash 50% equities, I'll try to reach that ratio again over 2/3 months depending on how bad it goes.

Mist · Mar 10, 2020

I think it's just going to be rocky as fuck between now and the election, but whomever wins, the market is going to go up afterwards since both candidates are pro banker, pro-business and pro-Wall Street.

Mist · Mar 10, 2020

Hateyou said:
I’m confused. I don’t want to turn this into a Mist derail but I thought you ... dislike capitalism.

That's because people appear to only think in terms of parody at this point.

Capitalism isn't magic. If people actually read my non-shitposts, I constantly stress that vigilance is the most important aspect of a functioning society. Market forces are capable of bringing about tyranny just as much as any government, yet when you claim you must be vigilant against the tyranny of market forces, people (who are very skeptical of government) suddenly claim you are a communist. Believing that capitalism must be well-regulated via the democratic process, believing that a functioning social safety is necessary, and believing that the government can play a role in lifting people out of poverty is not the same "disliking capitalism."

And these Trumpers have somehow warped Trump in their mind into being some kind of laissez-fair rah-rah capitalist, when he is very clearly the most Keynesian president we've had in any of our lifetimes. That's just a fact at this point. He fits the literal definition of Keynesian economics.

As for me, I'm a gamer, which is why I post here. I play games to grind up meaningless numbers. (For instance, I have a level 85 neck in BFA right now for no fucking good reason, had one of the highest realm point totals in the world in DAoC, etc.) I want to leave the biggest possible pile of money to charity when I die, regardless of how I meet my inevitable end. Investing is one of the best ways to do that.

Further, while I really don't like spending money, I do like being able to just shell out the cash when something breaks. I've spent the past ~25 years of my life DIYng every car problem, broken lawn mower, home repair, etc and it's nice to just be able to pay to make problems go away, and leaving all my 'fixing shit' time to focus just on IT/networking/my own PCs, etc.

Pops · Mar 10, 2020

I like Keynes better than Socialism.

Sanrith Descartes · Mar 10, 2020

XOM price to book is now under 1.0
Christ.

Sanrith Descartes · Mar 10, 2020

Pops said:
I like Keynes better than Socialism.

Its close. But I am forced to agree with you.

Mist · Mar 10, 2020

Pops said:
I like Keynes better than Socialism.

Right-wing politicians and economist have been equating Keynesian economics with socialism for 75 years.

Trump comes along, is a by-the-book Keynesian, and suddenly it's an Orwellian switch. "We have never been at war with Keynesian Economics!"

Pops · Mar 10, 2020

Sorry sweetie no time for our coffee klatch and discuss economic theory. Got to put some of my 2% now .5% money to work.

LachiusTZ · Mar 10, 2020

Furry said:
Better than most of the dip suggestions given here.

I think a broad-market approach is the best bet when I buy back in. There's going to be a lot of risk of changes to the economic system as a whole which may have huge impacts on industries in hard to predict ways. That said, I view the risk of US steel going away as lower than most.

Its one of those things I just kind of want. Iconic. I had some a year ago, held it for like six months, lost like 5% and sold it to invest in Tesla. Figured I'd watch it for a good time to get in at a low, and this is as good a time as any. Lol

Mist said:
That's because people appear to only think in terms of parody at this point.

Capitalism isn't magic. If people actually read my non-shitposts, I constantly stress that vigilance is the most important aspect of a functioning society. Market forces are capable of bringing about tyranny just as much as any government, yet when you claim you must be vigilant against the tyranny of market forces, people (who are very skeptical of government) suddenly claim you are a communist. Believing that capitalism must be well-regulated via the democratic process, believing that a functioning social safety is necessary, and believing that the government can play a role in lifting people out of poverty is not the same "disliking capitalism."

And these Trumpers have somehow warped Trump in their mind into being some kind of laissez-fair rah-rah capitalist, when he is very clearly the most Keynesian president we've had in any of our lifetimes. That's just a fact at this point. He fits the literal definition of Keynesian economics.

As for me, I'm a gamer, which is why I post here. I play games to grind up meaningless numbers. (For instance, I have a level 85 neck in BFA right now for no fucking good reason, had one of the highest realm point totals in the world in DAoC, etc.) I want to leave the biggest possible pile of money to charity when I die, regardless of how I meet my inevitable end. Investing is one of the best ways to do that.

Further, while I really don't like spending money, I do like being able to just shell out the cash when someone breaks. I've spent the past ~25 years of my life DIYng every car problem, broken lawn mower, home repair, etc and it's nice to just be able to pay to make problems go away, and leaving all my 'fixing shit' time to focus just on IT/networking/my own PCs, etc.

Its a damn shame society tricked you like it did.

Sanrith Descartes · Mar 10, 2020

Time for the real test. Can it hold gains for the next 30 minutes or is it going to be another day of "algos take profits".

Pops · Mar 10, 2020

Buy ET (and other energy MLPs) in the 10's on Friday, thinking Monday could be rough but buy more. Then OPECed. Blamo, leveraged CEFS blow up. Shit drops in 10% chunks, margin calls rain down.

Sanrith Descartes · Mar 10, 2020

Pops said:
View attachment 253486

Buy ET (and other energy MLPs) in the 10's on Friday, thinking Monday could be rough but buy more. Then OPECed. Blamo, leveraged CEFS blow up. Shit drops in 10% chunks, margin calls rain down.

Not trying to Monday Morning Quarterback you, but taking a glance at ET it had missed analyst's estimates for 8 of the last 9 quarters. Was this just a spin the roulette wheel play or was there something about it you saw?

Sanrith Descartes · Mar 10, 2020

Pops said:
View attachment 253486

Buy ET (and other energy MLPs) in the 10's on Friday, thinking Monday could be rough but buy more. Then OPECed. Blamo, leveraged CEFS blow up. Shit drops in 10% chunks, margin calls rain down.

Either of these your culprits?

Sanrith Descartes · Mar 10, 2020

I guess we know why Robinhood's app has been "glitching" the last 5 days when arguably they were the most important trading days since 2008. I can't wait to find out investor positions aren't exactly what they were supposed to be.

Furry · Mar 10, 2020

Sanrith Descartes said:
I guess we know why Robinhood's app has been "glitching" the last 5 days when arguably they were the most important trading days since 2008. I can't wait to find out investor positions aren't exactly what they were supposed to be.

lulz

Tuco · Mar 10, 2020

Based on todays stock performance of my sp500 index i will be a billionaire in a few years. I have quit my job and will be hodling full time.

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