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the market: stocks, bonds, options, whatever

thujone said:
wow, that's just for a room and meals?
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She does have rapidly deteriorating Alzheimer's, which is why we had to switch from live-in carers to a home. But it's the same price with as without atm because she's still capable of most things.

I will say it's the nicest, friendliest, most happy-staffed retirement home I have ever seen in my life. Every week they have a themed party, various entertainers, regular school kid visits, cooking classes, gardening hours, pet visits from the RSPCA re-homing center twice a week, craft making, yada yada.

But really I think those are the kinds of things that should be normal for all elderly homes, at a reasonable price. It's sad we (as Western societies) seem so disinterested in the elderly or making their final years peaceful.
 
hydroazuanacaine said:
only fund i’ve ever lost money on was an eft tracking oil futures.
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Ha, I had one in mining stocks a few years back and my god did I take a battering from that and their post-2008 slump, lost quite a bit once the dividends also dried up.
 
CFC said:
I will say it's the nicest, friendliest, most happy-staffed retirement home I have ever seen in my life. Every week they have a themed party, various entertainers, regular school kid visits, cooking classes, gardening hours, pet visits from the RSPCA re-homing center twice a week, craft making, yada yada.
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that's fortunate, a warm environment is key for quality of life. at least you can rest easy knowing she's being cared for and not neglected. i volunteered at a low-budget nursing home when i was younger and it was pretty depressing. it has one of the worst reputations of the homes in the area but unfortunately a lot of people who can't afford any better end up in such places.

on a brighter note, Bitcoin surged recently from $7k to $10k. ~$6500 has been the floor the last two or three cycles, I'm not sure what's behind the latest buying spree but at least the demand for it has stayed stable.
 
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^you have serious money in bitcoin?

you all watching? crazy past week, including today.

i hear that robinhood went down today. that's some fucking bullshit. i would never open an account with robinhood in the first place -- no point in budget brokers now that they're all commission free anyway -- but boy oh fucking boy would i be furious if i was one of their clients. i'm all about competition and the little guy, but i'm not sure what these brokers trying to brand themselves as the average joe's choice have to offer anymore.
 
I used to but I transferred it to Monero when Bitcoin hit $19k, what remains of that I use as a slush fund buying goods/services directly or selling small amounts to cash buyers, for properly accounted swing trading I now use an account with a licensed broker and keep a small war chest for that in fiat

I think it might be coronavirus fears affecting markets, VIX spiked to 40 which is almost the highest it's been since GFC... people are freaking out even here, stockpiling food and water...

I'm not that familiar with Robinhood, Americans have a bunch of funky fintech that wouldn't survive in the market up here (because of the banking cartel)
 
I've got a lot of money in a 401k through my work, the only stock I hold separately is a $400 purchase on a weed company stock I made last year. Gonna just hold it. I'm about done getting my finances in order and will be able to save a lot more money soon every month, and should be getting a fat raise soon too, so I plan to start investing a percentatge of that in a more medium-term way, after I build up a safety net again.

I JUST missed the crypto train, I ended up losing money since all I have learned about investing, I learned as a result of the lessons from buying while something is peaking. Oh well. My buddy was buying Raiblocks (Nano) at 20 cents, then bought as it was rising, then in such a short time it peaked at $35. He kept telling me to do it but I was like nah, I don't want to sign up for another exchange. Stupid. If he had sold at the peak, he'd have turned $3,000 into $125,000. He didn't but he did sell all the way down and ended up with about $40k and used it to buy land and now his house is half built, so it's still a big win for him.
 
There's a lot of pump n dump in the crypto markets but I still think there's a chance for long-term, organic growth in the value of utility coins. If the popularity of Bittorrent is any indication, there should be a lot of potential in distributed sharing and hosting (e.g. IPFS) and it's just a matter of time before people develop user-friendly "killer apps" to spur widespread adoption of these technologies and increase the worth of their associated crypto tokens.
 
Xorkoth said:
I've got a lot of money in a 401k through my work, the only stock I hold separately is a $400 purchase on a weed company stock I made last year. Gonna just hold it. I'm about done getting my finances in order and will be able to save a lot more money soon every month, and should be getting a fat raise soon too, so I plan to start investing a percentatge of that in a more medium-term way, after I build up a safety net again.

I JUST missed the crypto train, I ended up losing money since all I have learned about investing, I learned as a result of the lessons from buying while something is peaking. Oh well. My buddy was buying Raiblocks (Nano) at 20 cents, then bought as it was rising, then in such a short time it peaked at $35. He kept telling me to do it but I was like nah, I don't want to sign up for another exchange. Stupid. If he had sold at the peak, he'd have turned $3,000 into $125,000. He didn't but he did sell all the way down and ended up with about $40k and used it to buy land and now his house is half built, so it's still a big win for him.
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I have two friends that have been banging that crypto drum since it was sub $100/btc

One is very wealthy and into 3D printing and community design and is always having crazy shit shipped to his house

The other has a really neat drug collection and is probably going to die tomorrow
 
Heh, I didn't get in on the crypto game but I doubt many people have as big a drug collection as I do, all you need is a well-paying job and obsessive collecting tendencies. I'm pretty healthy though because mine are all psychedelics and I don't abuse psychedelics.
 
I have obsessive snorting tendencies

So my collection tends to turnover quickly
 
Ugh... I feel sick. Maybe it's coronavirus, maybe it's the after effects of digging into the war chest and buying stuff on discount... CAD, ETFs, Bitcoin... I wanted to go all in but this is obviously a long term situation, not a flash crash. There's no telling how low prices will still go...
 
dowj was up almost 2k points on friday. wonder how many people sold thursday.

still, we've lost over two years of profits in a month.
 
It might be a recession year for Canaduh but probably no bear market in general. This flu thing will blow over by the summer most likely.

Bitcoin is sitting at $5200 now after falling from $8k, apparently the blowoff was caused by a certain exchange liquidating leveraged positions, it's not yet clear if the price will fall any further but with block rewards halving in May this could be the lowest price for a while
 
-3,000

Game over.

I already have predicted as a result of today's losses that they're going to shut down the stock market. Only time can tell, but Trump gambled and lost for not having done that after Friday's closing.

Fact: no matter which rung of Society you are on, the effects of self-quarantining will have a net loss on earnings and a necessary expenditure of savings you have.

And it tends to be that the more rich somebody is the more money they spend so the more they'll pull out of the market to have for right now just in case they need it.

All of Trumps work on the economy at the cost of 2 trillion or less per year at least one trillion each year to the deficit not really worth it at least not long term.

As business ventures become less profitable, long-term investors will question the worth of their portfolios and whether they should pull out now or at the very end.

The economy might recover but I don't see how it seems like a long shot without at least a few years of hard work and for some reason I don't think it is possible under Trump. And I still think he'll get re-elected. Because he had it high before and now he's engineered the situation so that he can promise you he can get it back to the way it was.

Had there been a more serious National lockdown and serious response to this virus I not just telling anybody to come in without quarantine has had its disastrous consequences, and Trump ran on strong nationalist values and if he blew that I don't think there is anything he can do now.
 
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hydroazuanacaine said:
dowj was up almost 2k points on friday. wonder how many people sold thursday.

still, we've lost over two years of profits in a month.
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I called it and I called today a long time ago that we were in for a major recession all you have to do is look at the deficit do some basic math realize how many people are not getting ahead in America the state of the globe and overpopulation: nothing is going to be sustainable the way it's going right now.

If there was an economic stimulus package to get all Americans back on their feet being issued by Trump then that could change things a lot
 
you didn't do basic math and then call it. i respect you, but do not say things like that. it's a complex system. if you say enough things, eventually one of them is going to be right.
 
the thing now is that there are many oscillations, one day is bad in the other it rises, then, swing trade is the best to get money, in Brazil, in these oscillations it is possible to gain 10-25 % per stock by means of swing trade
 
C H,

Even a broken clock is correct twice a day. When you attain that level of accuracy I might listen to your predictions, LOL. Even at that point I won't follow your financial advice.
 
hydroazuanacaine said:
you didn't do basic math and then call it. i respect you, but do not say things like that. it's a complex system. if you say enough things, eventually one of them is going to be right.
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Propping up the economy the way Trump did to shame Obama-era legacy as he's had an obsession doing from the get-go.

It's quite easy to know this was going to happen knowing the man has gone bankrupt countless times and is a spendthrift, and the deficit additions he flat-out lied to during the debates...

I wouldn't trust him with my money.

We were in for another crash. I wasn't happy about it but I sensed not to invest in the stock market until the aftermath or low-point of this event.

The amount dropped in the number of days is worse than the '20's crash.
 
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