OT: Investing - Stocks/Mutual Funds/Bonds/Crypto

BuckFan25226 · Post #1321 » by **BuckFan25226** » Mon Mar 2, 2020 10:37 pm

Buy Buy Buy!!!

Post #1322 » by **MickeyDavis** » Mon Mar 2, 2020 11:06 pm

Nooooooo, buy last week, SELL NOW and take your profit. I kid, I kid. I just stay the course.

Post #1323 » by **humanrefutation** » Tue Mar 3, 2020 1:44 am

Robinhood went down today just as I was trying to make some trades. Yikes.

Mags FTW · Post #1324 » by **Mags FTW** » Tue Mar 3, 2020 3:05 pm

Fed cut rates by half a point

MartyConlonOnTheRun · Post #1325 » by **MartyConlonOnTheRun** » Tue Mar 3, 2020 3:56 pm

Mags FTW wrote:Fed cut rates by half a point

How does this usually impact home loans/refinancing? Will we see an immediate drop in interest rates by .5% or more complicated than that?

DigitalFool · Post #1326 » by **DigitalFool** » Tue Mar 3, 2020 4:04 pm

MartyConlonOnTheRun wrote:
Mags FTW wrote:Fed cut rates by half a point

How does this usually impact home loans/refinancing? Will we see an immediate drop in interest rates by .5% or more complicated than that?

It will help lower rates, but not it's a direct correlation. The market kind of factored that this move would happen, so some of it has kind of been baked in. It would have more impact to shorter ARM terms than a 30 year fixed. The general environment of the market (like the 10 yr close to 1%) is very beneficial to driving rates lower. We shall see!

HaroldinGMinor · Post #1327 » by **HaroldinGMinor** » Tue Mar 3, 2020 4:34 pm

I look forward to the bank paying me to take out a loan.

wapith · Post #1328 » by **wapith** » Tue Mar 3, 2020 4:39 pm

DigitalFool wrote:
MartyConlonOnTheRun wrote:I have 3.25% mortgage but thinking about grabbing $25k for home improvements. If I can get a slightly lower rate and extra cash, this should make sense right (versus HEL)? Any suggestions- Still recommend lending tree?

If you're in the Greater Milwaukee area, I'd look at First Bank Financial. Their site has rates if you have all the top credit etc. and they are at 3.25 no cost for a 30yr. Why I liked them for my cash out refi is that they go up to 90% LTV vs a lot of them are 85% at best (say no to a HELOC). So I took out max money, finished by basement, refinanced again and have a lower payment than I started with and cash left over. My last refi was with Better.com only because AMEX offered me $2500 after close and no appraisal fee (that deal is still running if you have an AMEX). Rates hit 3.125 with no cost, I'm back to refinancing again.

Using First Bank as suggested. Getting 3.125% on 30 year for no cost.

Thanks for the tip

MartyConlonOnTheRun · Post #1329 » by **MartyConlonOnTheRun** » Tue Mar 3, 2020 5:07 pm

wapith wrote:
DigitalFool wrote:
MartyConlonOnTheRun wrote:I have 3.25% mortgage but thinking about grabbing $25k for home improvements. If I can get a slightly lower rate and extra cash, this should make sense right (versus HEL)? Any suggestions- Still recommend lending tree?

If you're in the Greater Milwaukee area, I'd look at First Bank Financial. Their site has rates if you have all the top credit etc. and they are at 3.25 no cost for a 30yr. Why I liked them for my cash out refi is that they go up to 90% LTV vs a lot of them are 85% at best (say no to a HELOC). So I took out max money, finished by basement, refinanced again and have a lower payment than I started with and cash left over. My last refi was with Better.com only because AMEX offered me $2500 after close and no appraisal fee (that deal is still running if you have an AMEX). Rates hit 3.125 with no cost, I'm back to refinancing again.

Using First Bank as suggested. Getting 3.125% on 30 year for no cost.

Thanks for the tip

Did you have to negotiate at all? I emailed and it was the posted rate for 15 years-2.875, +.25 for cash out, plus $1,500-1,800 costs for the initial response.

Mags FTW · Post #1330 » by **Mags FTW** » Wed Mar 4, 2020 12:51 pm

Mags FTW wrote:
DigitalFool wrote:Time to start trickling some money in the market.

Almost pulled the trigger today, but I don't think it's bottomed out yet. Maybe just before the February jobs report. I think the day after Super Tuesday will be volatile depending on the results.

Market should go up today.

Post #1331 » by **MickeyDavis** » Wed Mar 4, 2020 1:34 pm

Futures are way up. So at least at the start the numbers will be green.

Post #1332 » by **Ruzious** » Wed Mar 4, 2020 10:54 pm

Mags FTW wrote:
Mags FTW wrote:
DigitalFool wrote:Time to start trickling some money in the market.

Almost pulled the trigger today, but I don't think it's bottomed out yet. Maybe just before the February jobs report. I think the day after Super Tuesday will be volatile depending on the results.

Market should go up today.

We need to go to Vegas.

Today is why you don't panic when the market has a few bad days. It's always going to come back up. Tomorrow's another adventure, but even if it's a bad day - don't panic.

Post #1333 » by **MickeyDavis** » Wed Mar 4, 2020 10:56 pm

Yup, everyone who moved to cash or bonds last week is kicking themselves. The only adjustments I make are the occasional re-balance.

Ryan5UW · Post #1334 » by **Ryan5UW** » Wed Mar 4, 2020 11:37 pm

MickeyDavis wrote:Yup, everyone who moved to cash or bonds last week is kicking themselves. The only adjustments I make are the occasional re-balance.

I work in the qualified plan world (sort of)... a coworker had someone call on Friday and move their entire 401k to a stable value fund. As you probably know, this doesn't happen until close of the market. So, they were in the market all of those big down days. Monday, they call back to get back into the market. Again, doesn't happen until the close of business, so they sat out Monday and bought back in at close. Then, for good measure, we got that big down day again yesterday.

I love retail investors

Mags FTW · Post #1335 » by **Mags FTW** » Wed Mar 4, 2020 11:44 pm

Ruzious wrote:
Mags FTW wrote:
Mags FTW wrote:Almost pulled the trigger today, but I don't think it's bottomed out yet. Maybe just before the February jobs report. I think the day after Super Tuesday will be volatile depending on the results.

Market should go up today.

We need to go to Vegas.

No luck needed, today was easy to predict. The candidate who is the harshest critic of Wall Street and is proposing a speculation tax took it on the chin last night.

Post #1336 » by **MickeyDavis** » Wed Mar 4, 2020 11:46 pm

Now I need my XRP to get going.

JEIS · Post #1337 » by **JEIS** » Thu Mar 5, 2020 12:25 am

Any of ya'll want to make a few quick bucks. Fuel Cell energy will likely go up 10 to 20% over the next few weeks. They have earning on the 16th.. Should be a good long hold as well. I already made $70,000 off of this bad boy. Looking out my fellow Real Gm Brethren. Maybe we can pool enough dollar dollar bills to buy the Bucks from the Billionaires in like 20 years.

Iheartfootball · Post #1338 » by **Iheartfootball** » Thu Mar 5, 2020 4:36 am

Blue horseshoe loves Annacott Steel.

MissKhriddleton · Post #1339 » by **MissKhriddleton** » Thu Mar 5, 2020 4:44 am

JEIS wrote:I already made $70,000 off of this bad boy.

How much do you have to invest to make $70,000 dollars in the stock market? Coming from someone that has no idea, but loves gambling, I am just curious.

Is it like you got lucky with a longshot parlay where you bet $1000 and won $70,000? Or are you making safe bets putting down $200,000 to win $70,000?

Kerb Hohl · Post #1340 » by **Kerb Hohl** » Thu Mar 5, 2020 2:46 pm

MissKhriddleton wrote:
JEIS wrote:I already made $70,000 off of this bad boy.

How much do you have to invest to make $70,000 dollars in the stock market? Coming from someone that has no idea, but loves gambling, I am just curious.

Is it like you got lucky with a longshot parlay where you bet $1000 and won $70,000? Or are you making safe bets putting down $200,000 to win $70,000?

Looking at the stock, it was at like 25 cents and is close to $3 bucks right now. So I'm going to guess that he put $10k down when it was at 35-40 cents or so.