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Forum » The stock market is on the edge of a cliff - don't say Big Ern' didn't warn you (srs)
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Thread: The stock market is on the edge of a cliff - don't say Big Ern' didn't warn you (srs)

post 1563485681 10-11-2018, 08:55 PM
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#61
  1. UnitedLife
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Will have 80k saved up by Feb. Was going to buy a house with it but have similar thoughts as to what is stated in the OP. Not sure what to do with it.
post 1563485951 10-11-2018, 08:59 PM
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#62
  1. PrimarisIn
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whats great in canada was the start of the tfsa in 2009. u can contribute $57,500 today if u havent already and it yields a 6% return per annum.
post 1563485961 10-11-2018, 08:59 PM
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#63
  1. inb4everything
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Just bought a house that's past it's 2005 levels. Did I dun goof?
post 1563486221 10-11-2018, 09:04 PM
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#64
  1. ErnieMccracken
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Originally Posted By UnitedLife⏩
Will have 80k saved up by Feb. Was going to buy a house with it but have similar thoughts as to what is stated in the OP. Not sure what to do with it.
I'm thinking of selling my house before it tanks srs. Not sure where I'd live, though. Girl said no to living in a van lol.
post 1563486531 10-11-2018, 09:09 PM
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#65
  1. iifymbro
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Originally Posted By ErnieMccracken⏩
I'm thinking of selling my house before it tanks srs. Not sure where I'd live, though. Girl said no to living in a van lol.
There's this thing called renting that I hear about sometimes, maybe look into that
**MFC**
**Barbara Palvin is my 10/10 crew**
post 1563486551 10-11-2018, 09:09 PM
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#66
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Agree too much money in dumb chit
post 1563486731 10-11-2018, 09:13 PM
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#67
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By all means, please crash so I can use it to my advantage. My body is ready.
post 1563486761 10-11-2018, 09:13 PM
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#68
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Lol @ poor people hopes itt.
Ol' 71st street. The devil that birthed me.

606 G0D.
post 1563486811 10-11-2018, 09:14 PM
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#69
  1. MyBaddBrah
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Trying to time the market is a horribly foolish decision. The expected value is negative a vast majority of the time, and negligible at best. You're not smarter than Warren Buffet, trust me.



Stick to what's been proven to be successful by investors time and time again, mathematically sound investment strategies.
*Hole is Life Crew*
*Meditation Crew*
post 1563487501 10-11-2018, 09:23 PM
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#70
  1. ErnieMccracken
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Originally Posted By iifymbro⏩
There's this thing called renting that I hear about sometimes, maybe look into that
The rental market lags behind, and where I live, it's $3k+/mo for any place not full of crackheads. That eats into my potential gains really fast.
post 1563487781 10-11-2018, 09:27 PM
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#71
  1. Sikhveins
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I've noticed the housing market slow down a bit this summer. I had a condo on the market for 2 months in this area before june, you would get cash offers and more than asking price but I noticed it slow down



With the tech boom and increase in the labor force here, people will continue to move here so I could sell myself short by not being patient. Maybe 10 years down the road I could get a mil




I don't want to sell an asset but if market is going downwards I might need to consider it and walk away with over 200k.
post 1563487881 10-11-2018, 09:29 PM
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#72
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I hope so, I want to get into residential/commerical real estate
post 1563488051 10-11-2018, 09:30 PM
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#73
  1. ErnieMccracken
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[QUOTE=MyBaddBrah post_id=1563486811]Trying to time the market is a horribly foolish decision. The expected value is negative a vast majority of the time, and negligible at best. You're not smarter than Warren Buffet, trust me.

[img]https://cdn.corporatefinanceinstitute.com/assets/expected-return-formula.png[img]

Stick to what's been proven to be successful by investors time and time again, mathematically sound investment strategies.[/QUOTE]
I generally agree with Warren B on most things, but I'm not really talking about day or swing trading. This is a long term, macro level trend with big flashing neon signs pointing to recession. I think this is one of those rare times when it's appropriate to anticipate and prepare for a tropical tornado.
post 1563488181 10-11-2018, 09:32 PM
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#74
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Originally Posted By ERTW22⏩
TFSA is key, yes. What are you talking about 6% return though? You don't just automatically get that, you still have to put the money in a vehicle of some sort (stocks, GIC's, etc).

Perhaps the bank you hold your TFSA with has something though?
well thats what they say anyways- is the 6% yield rate. i actually had 10 dollars in cash in my tsfa and after a week or two i had 12.19. was confused by the math because i originally deposited $1.5k.
Originally Posted By Sikhveins⏩
I've noticed the housing market slow down a bit this summer. I had a condo on the market for 2 months in this area before june, you would get cash offers and more than asking price but I noticed it slow down



With the tech boom and increase in the labor force here, people will continue to move here so I could sell my short by not being patient. Maybe 10 years down the road I could get a mil




I don't want to sell an asset but if market is going downwards I might need to consider it and walk away with over 200k.
this. i work in construction and theres huge supply of real estate (houses, townhouses, condos). the radio is literally going nuts with all their advertisements.
post 1563488551 10-11-2018, 09:37 PM
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#75
  1. MyBaddBrah
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Originally Posted By ErnieMccracken⏩
I generally agree with Warren B on most things, but I'm not really talking about day or swing trading. This is a long term, macro level trend with big flashing neon signs pointing to recession. I think this is one of those rare times when it's appropriate to anticipate and prepare for a tropical tornado.
Son, day trading is where you actuallywantto time things. This is advice for long term investing.

I suggest you open an Excel workbook and start calculating expected values for long term investing and market timing.
*Hole is Life Crew*
*Meditation Crew*
post 1563488561 10-11-2018, 09:37 PM
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#76
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I bought 60oz of Palladium in 2008.

How am I doing?
Eat in a deficit to lose weight.
Hit your protein and fat minimums to stay healthy and keep your gainz.
Lift heavy and do HIIT to look and feel awesome.
Use the internet to learn why you should do these things and how to do these things.
post 1563488941 10-11-2018, 09:42 PM
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#77
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It's all pretty fukken obvious

Fed slams rates and puts a bunch of chit on its balance sheet to increase liquidity to bail us out of the last recession, new, ever bigger bubbles are formed, inflation starts to rise, fed slams rates, bubbles pop

The markets are a confidence game ponzi scheme as always, filled with fools with a goldfish memory

Housing already peaked. I'm looking forward to buying a foreclosure or two (my primary residence will have no note next summer) in a few years at the bottom. I lol hard at at people buying houses now

Bubbles formed in equities, and as a result of credit card debt, student loan debt, mortgage debt, corporate debt, municipal, state and federal debt

So many 401ks and pension funds are going to be annihilated. The emerging markets are doomed. The petrodollar isn't going to survive this next crash, nor is the dollar's reserve status. Starting a trade war right now is an insane kamikaze tactic

Corps drove all their tax cut money into buybacks, which shouldn't even be legal

I love where this chit is headed srs

The two things they don't teach people in school are the two most important things ib life that everybody fails at: nutrition and finance

The unsophisticated deserve to be punished
Make Europe Germany Again
post 1563489091 10-11-2018, 09:45 PM
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#78
  1. Dirtymanjames
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So if I have 10k with a robo advisor do I take it out now? Or just let it sit for 10 years, because that’s what I planned to do anyway. I have 300$ a month auto deposits into it.

However I am down -$600 or so my principle
post 1563489211 10-11-2018, 09:46 PM
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#79
  1. ErnieMccracken
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Originally Posted By Dirtymanjames⏩
So if I have 10k with a robo advisor do I take it out now? Or just let it sit for 10 years, because that’s what I planned to do anyway. I have 300$ a month auto deposits into it.

However I am down -$600 or so my principle
I would. I am.
post 1563489241 10-11-2018, 09:47 PM
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#80
  1. Ratfish
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Originally Posted By nosirrahx⏩
I bought 60oz of Palladium in 2008.

How am I doing?
I only have a few oz of Pd. So God damned much silver though lol. Should have liquidated during the last run up. Bought all of it under 8 bucks
Make Europe Germany Again
post 1563489321 10-11-2018, 09:49 PM
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#81
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All of you buy now brahs explain this to me.

Everything's been in the red for the past month, why not wait until the market is starting to get consistently in the green again and then invest? That's exactly what Im going to do, everyone says buy now but no one will ever explain to me what's wrong with my plan.
Deserve what get
post 1563489341 10-11-2018, 09:50 PM
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#82
  1. ErnieMccracken
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Originally Posted By Ratfish⏩
I only have a few oz of Pd. So God damned much silver though lol. Should have liquidated during the last run up. Bought all of it under 8 bucks
How long before gold hits 1600 again?
post 1563489791 10-11-2018, 09:58 PM
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#83
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If you guys get broke and don't want to get cremated Hollar at ya boy for some cheap life insurance on the fly to put you in a box in a grave.
"There are some who do not fear death for they are more afraid of really living."-Ancient proverb




Between the buried and me
post 1563489851 10-11-2018, 09:59 PM
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#84
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Originally Posted By ErnieMccracken⏩
How long before gold hits 1600 again?
2020-21
Make Europe Germany Again
post 1563489871 10-11-2018, 09:59 PM
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#85
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Originally Posted By flexnation⏩
OP is correct. Or I should say that I agree with him, not necessarily correct as no one knows when the crash will happen for sure or how severe it'll be.

Real Estate market is turning hard right now in Portland. Im recommending all my sellers to sell ASAP and all my buyers to hold off from making a purchase unless they're okay potentially being upside down in a couple of years.

We've had a solid wave brahs. Stack cash now and profit later.
Portland brah here, can absolutely confirm. Chit is crazy, fugly homes going for 300k at least. Homes only stay on the market for a week on average, too.
post 1563489941 10-11-2018, 10:01 PM
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#86
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Originally Posted By Driftbrah⏩
All of you buy now brahs explain this to me.

Everything's been in the red for the past month, why not wait until the market is starting to get consistently in the green again and then invest? That's exactly what Im going to do, everyone says buy now but no one will ever explain to me what's wrong with my plan.
u can always test the market and see for urself.
post 1563489951 10-11-2018, 10:01 PM
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#87
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You're only correct if the Dems win these elections. Pulling out until I see election results, If Republicans win, gonna go all the fuk in.
***Feeding son only beef jerky and rocks until he is 24 crew***

***Will be asking other parents at preschool meetings if they are jawmaxing their kids too crew***
post 1563490041 10-11-2018, 10:02 PM
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#88
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Originally Posted By Driftbrah⏩
All of you buy now brahs explain this to me.

Everything's been in the red for the past month, why not wait until the market is starting to get consistently in the green again and then invest? That's exactly what Im going to do, everyone says buy now but no one will ever explain to me what's wrong with my plan.
Buy things when they are a good deal and sell them when they are overpriced
Make Europe Germany Again
post 1563491181 10-11-2018, 10:25 PM
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#89
  1. nosirrahx
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Originally Posted By Ratfish⏩
I only have a few oz of Pd. So God damned much silver though lol. Should have liquidated during the last run up. Bought all of it under 8 bucks
Probably will unload all Pd and Pt eventually.

Planning on holding Ag and Au forever, passing it along to 3 kids.
Eat in a deficit to lose weight.
Hit your protein and fat minimums to stay healthy and keep your gainz.
Lift heavy and do HIIT to look and feel awesome.
Use the internet to learn why you should do these things and how to do these things.
post 1563491281 10-11-2018, 10:27 PM
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#90
  1. the700level
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Originally Posted By Ratfish⏩
It's all pretty fukken obvious

Fed slams rates and puts a bunch of chit on its balance sheet to increase liquidity to bail us out of the last recession, new, ever bigger bubbles are formed, inflation starts to rise, fed slams rates, bubbles pop

The markets are a confidence game ponzi scheme as always, filled with fools with a goldfish memory

Housing already peaked. I'm looking forward to buying a foreclosure or two (my primary residence will have no note next summer) in a few years at the bottom. I lol hard at at people buying houses now

Bubbles formed in equities, and as a result of credit card debt, student loan debt, mortgage debt, corporate debt, municipal, state and federal debt

So many 401ks and pension funds are going to be annihilated. The emerging markets are doomed. The petrodollar isn't going to survive this next crash, nor is the dollar's reserve status. Starting a trade war right now is an insane kamikaze tactic

Corps drove all their tax cut money into buybacks, which shouldn't even be legal

I love where this chit is headed srs

The two things they don't teach people in school are the two most important things ib life that everybody fails at: nutrition and finance

The unsophisticated deserve to be punished
Where do you get this knowledge from (srs)?
- Disregard females, acquire real estate
- MAGA
- Fauci for prison
- Pureblood
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