OT: Crypto, Stocks, Bonds, Real Estate, Investments, IRAs & Finances, etc.

[Stannis]

Glad I sold PayPal several months ago. I liked them. For a little bit, it seems they were riding the Crypto wave, which is around the time I sold them.

I really don't know what separates them from competitors.

[aq_ua]

My only point around rates is that it could cause people holding onto two properties to sell one, or at least possibly discourage some new buyers on the margin. However, I agree with that general view.

I'm kind of a noob when it comes to the housing market... Why would people holding more than one property sell one because rates increase?

When interest rates are low, people can afford to retain their old home when they buy a new home as their life stage changes, because the rents support a mortgage in a low interest rate environment. When rates increase, that math no longer holds true, but people still go through life stage changes, so it's more likely they sell their old home when buying a new home. I think that and for investors who purchased homes on floating rate mortgages that will be hit with an interest rate step up is where the possible source of supply comes into play.

[ZKnicks]

I think the rate increases won't make much of a difference if at all. Whatever you'll save from home prices going down, will be gone with the higher rate you will be paying.

Like you said, people still want to buy and there's not much supply and material prices aren't coming down either.

I'm kind of taking the Peter Lynch approach here and ignoring the ongoing talk of interest rates. A home would be a long-term investment. If I like it and can afford it, I'm buying it.

Rates might have inched up a bit but they are still at historic lows. The difference between 2.75 and 3.25% on a 30 year fixed isn’t all that much. If you find a place you love, pull the trigger. If you stay for a while, you will build equity even if the market pulls back a bit in the short term.
The real estate market over the last 2 years has made absolutely no sense. Any one who tells you what will happen in ‘22 is full of ****. I’ve spoken to RE experts in residential, office, industrial, retail, multi family and have gotten completely different answers from each one.
Been in the biz for 20 years and the last 18 months have been the craziest Ive ever seen.
If you have any questions on the transaction process, feel reach out.

As for crypto, still holding most that I have for years -btc/Tel/eth/VRA/Link/Dexa/XDB/HTR/NOIA/Sand.
Only thing I’ve bought in the last few months is AZero which I’ve been waiting for and finally hit an exchange (Aleph Zero. New L1- look this up) and a little Vader.

[robillionaire]

I think the rate increases won't make much of a difference if at all. Whatever you'll save from home prices going down, will be gone with the higher rate you will be paying.

Like you said, people still want to buy and there's not much supply and material prices aren't coming down either.

I'm kind of taking the Peter Lynch approach here and ignoring the ongoing talk of interest rates. A home would be a long-term investment. If I like it and can afford it, I'm buying it.

Rates might have inched up a bit but they are still at historic lows. The difference between 2.75 and 3.25% on a 30 year fixed isn’t all that much. If you find a place you love, pull the trigger. If you stay for a while, you will build equity even if the market pulls back a bit in the short term.
The real estate market over the last 2 years has made absolutely no sense. Any one who tells you what will happen in ‘22 is full of ****. I’ve spoken to RE experts in residential, office, industrial, retail, multi family and have gotten completely different answers from each one.
Been in the biz for 20 years and the last 18 months have been the craziest Ive ever seen.
If you have any questions on the transaction process, feel reach out.

As for crypto, still holding most that I have for years -btc/Tel/eth/VRA/Link/Dexa/XDB/HTR/NOIA/Sand.
Only thing I’ve bought in the last few months is AZero which I’ve been waiting for and finally hit an exchange (Aleph Zero. New L1- look this up) and a little Vader.

I bought a house 10 months ago and it’s value is already 100k higher than when I bought it, but I got it to live long term not planning on selling. now just conflicted whether to put extra money toward paying it off even though my interest rate is a low 2.3%, invest and hope we go up another year even though everything is at ATH with red flags everywhere, or sit on cash even though there’s 7% inflation and bonds cd and savings accounts are still not viable because the low rates. I’ll probably split it up all 3 directions and pay a little extra payments, a little invested, and a little cash on the side for buying opportunities because I can’t choose a direction

[SA37]

Spoiler:

Thanks for your response. Very helpful. What do you think about the regulation aspect of this? And how will disputes be resolved? In the federal courts?

Well, now you're starting to dig a bit deeper into my ignorance.

If the US can parlay this into continued dominance of the US dollar, it will make moves to do that, including pushing its allies (UK, EU, Australia) to not accept certain forms of payment. The biggest concerns seems to be the US dollar losing its status as the world's reserve currency, which gives it enormous political and financial power over the rest of the world...

Spoiler:

While securities trading and other financial transactions may appear instantaneous, many back-end processes still move at a snail’s pace in rigid sequences set decades ago. A mortgage payment isn’t completed when the funds leave the homeowner’s bank account. Those funds have many hands to go through before they come to rest, days or weeks later. Through tokenization, many of these cumbersome and costly processes can be streamlined with better market information, greater certainty and enhanced security.

The potential efficiency improvements to the current system are enormous, including billions of dollars annually in reduced frictions and increased consumer choice. End-to-end tokenization of sovereign currencies, securities, loans, real estate, mortgages, pledges, and related payments and credit is a once-in-a-generation opportunity for both entrepreneurs and nimble incumbents. It is also an existential threat to those who are slow to adapt.

What is government’s role? Regulation is essential to our financial markets, and there is no doubt that tokenized financial assets should be regulated to ensure financial stability, promote capital formation, prevent illicit activity, and protect consumers. But there is more the U.S. government must do. Innovators must have assurances that if they follow time-tested regulatory principles, they will be free to pursue the market opportunities provided by better functionality. The government should actively facilitate the adoption of technology in core U.S. dollar funding and payments markets. This is a matter of national security and financial stability.

The most important financial market in the world, the U.S. Treasury market, is a government market. Virtually all other financial markets, at home and abroad, have some tie to the U.S. Treasury market, including the cash in our wallets and the entries in our bank accounts. A central bank’s digital currency, or “digital dollar” is the tail of the dog. Financial regulators, in tandem with the private sector, should be focusing on the dog.

Dollar primacy and stability are critical to global economic development, financial stability and U.S. national security. In the face of broad technological change, primacy of the U.S. dollar is by no means certain. China views this technological shift as an opportunity not only to achieve operational efficiencies but to extend the reach and influence of yuan-based payments and lending. Chinese authorities are driving digitization and tokenization in their core payment and credit markets, allowing greater government monitoring and control. And there is no doubt Chinese leadership plans to extend similar practices to international trade and finance, expanding their influence over global commerce. The U.S. must recognize the reserve currency race is on, and winning is the only rational objective.

We have a head start in both traditional markets and new tokenized markets. More than 95% of stablecoins by value are based on the U.S. dollar. In other words, at the incipient stages of this global shift in financial technology, dollars—actually U.S. Treasury securities—have remained the preferred liquid store of value for new and traditional markets. But stability and leadership can erode quickly in times of technological change. Another nation seizing control of global credit and payment systems would not only affect our global standing but also could destabilize the global financial system.

https://www.wsj.com/articles/america-future-depends-on-blockchain-crypto-bitcoin-payments-transfers-federal-reserve-11639668586

...and the US's ability to have a continue to be the central hub of globalized finance through their banking sector:

Spoiler:

national digital currencies could make it harder for private cryptocurrencies to catch on. Because government e-cash would be operated, backed and controlled directly by central banks, it likely would be viewed as more reliable than privately created cryptocurrencies, which operate on decentralized networks of users and fluctuate wildly in value.

Perhaps most significantly, a world of competing national digital currencies could set up a new kind of currency war. The U.S. dollar has been the world’s dominant currency since the 1920s. But if national digital currencies allow for faster, cheaper money transfers across borders, viable alternatives to the U.S. dollar could emerge, embraced by nations and monetary officials concerned about the dollar’s outsize influence on the global economy.

“Technological developments provide the potential for such a world to emerge,” Mark Carney, the governor of the Bank of England, said in an August speech at the Federal Reserve’s annual symposium in Jackson Hole, Wyo. He highlighted the risks of the current dollar-dominant system, and sketched out an alternative where a new digital currency backed by a large group of nations, or even multiple currencies, vied with the dollar...

The one that might beat them all to the punch is the People’s Bank of China. The PBOC is expected to launch a digital version of China’s national currency, the yuan, later this year or early in 2020. If it does, it would be the first major global currency to become digitized.

The benefits of digitization could be myriad. In addition to faster and cheaper money transfers across borders, a survey conducted by the International Monetary Fund found that central banks are looking at benefits like lower costs, more efficient monetary policy, blunting competition from bitcoin and its peers, and offering a risk-free payment network to the public....

The total market capitalization of bitcoin, the most popular form of digital currency, has grown dramatically since its creation in 2009, but still lags far behind the total value of U.S. dollars in circulation.

U.S. cash in circulation continues to grow apace, as seen in the expansion of M1, a basic money supply gauge that measures funds that are readily available for spending, including checking accounts that pay interest and those that don't, and currency.

The result could be a sweeping change in the international financial system, affecting, among other things, how nations trade.

The country that is first to introduce a digital currency that is more easily stored and used abroad than its physical counterpart will have “a first-mover advantage to greater currency use, though not necessarily to reserve currency use,” says Tommaso Mancini Griffoli, deputy division chief of the IMF’s central bank operations division.

The increasing interest in national digital currencies dovetails with a changing marketplace. Developing nations increasingly make up a larger percentage of global gross domestic product while the U.S. share shrinks.

The dollar’s hegemony made sense after World War II, when the U.S. accounted for 28% of global exports. Now, the figure is just 8.8%, according to the IMF. Yet the dollar still dominates international trade. Around 40% of world trade is invoiced in dollars, roughly four times the U.S. share of world trade, according to data from Gita Gopinath, a Harvard University professor who is now the IMF’s chief economist. And the dollar is used in 88% of all foreign-exchange trades world-wide, according to the Bank for International Settlements.

The dollar isn’t going to lose its position overnight, Mr. Carney said at the August gathering. But bankers should be thinking about a post-dollar world now, he added, rather than waiting for the next crisis to force change.

The dollar’s status as the lingua franca of international business provides benefits: Companies in places like Argentina can export goods to Turkey, and get paid in dollars. Because those dollars are deposited in local banks, they can be lent to companies. In fact, because there are so many dollar deposits, it’s actually cheaper for overseas businesses to borrow in the U.S. currency, creating a feedback loop that maintains the greenback’s pre-eminence.

But as Mr. Carney noted last month, this convenience has a downside: When the dollar appreciates, debt denominated in dollars becomes more expensive for foreign businesses. At the same time, the price of those countries’ imports rises, which can feed inflation.

Because of the dollar’s status and the fact that economies are more interconnected than ever, dozens of countries are essentially beholden to U.S. fiscal and monetary policy. Fluctuations in the dollar’s value feed through credit markets, causing surges and withdrawals of capital that can cause financial crises in emerging markets.

“U.S. developments have significant spillovers onto both the trade performance and financial conditions of countries with even relatively limited direct exposure to the U.S. economy,” Mr. Carney said.

One countermeasure to that dynamic could be a “synthetic hegemonic currency,” as Mr. Carney called it, a fancier term for a global public cryptocurrency. The currency he proposed would be based on a basket of reliable currencies, including the dollar and China’s renminbi....

For the Chinese, digitizing the renminbi is a way to get out from under the U.S.’s thumb, says Eswar Prasad, an economics professor at Cornell University and former head of the IMF’s China Division. China’s goal isn’t necessarily to overthrow the dollar, he says. But they want to give their allies an alternative to the dollar and create a system that couldn’t be disrupted by the U.S.

“Would the Chinese like to be less vulnerable to American sanctions? Happier if they didn’t have to use the dollar for their imports and exports? The answer to that is unambiguously yes,” he says.

China‘s digital currency would differ significantly from the bitcoin model, with the central bank keeping control of the money supply and tracking users’ identities.

The people and companies behind private cryptocurrencies believe their assets will still have value even if countries move to digitize their national currencies. People around the world won’t want to give up the anonymity and privacy associated with cryptocurrency, they say, even if they are pushed into using solely electronic forms of cash.

“What you end up with is a situation where the government has potentially perfect surveillance into all the financial flows in the entire economy,” says Travis Scher, vice president of investments at Digital Currency Group, owner of the digital-currency trading firm Genesis Trading. “In a world where a country like China issues its own digital currency and tries to move the entire economy onto that, it actually will increase demand for cryptocurrencies and digital currencies that are more private and create the potential for more autonomy.”

https://www.wsj.com/articles/the-coming-currency-war-digital-money-vs-the-dollar-11569204540

Another big issue is that I don't think the government knows where it fits into all of this. My guess is that the US will create a digital US dollar that will become the only accepted stable coin. Companies and private entities will be able to create whatever cryptocurrencies they want, but there will only be government-approved cryptocurrencies that can be redeemed for digital US dollars, which will be the only accepted form of payment for taxes, property, government subsidies, salaries and other major expenses.

This is a problem of fungibility, aka exchangeability. Think of it the same way you'd have trouble exchanging any points from rewards programs that you might have into dollars. You can't pay fines, taxes, or salaries with your frequent flyer miles. However, you can trade certain collectibles, like comics, sports cards, or artwork, and "redeem" dollar, but that is only possible if others value your collectible. A middle ground there is something like a gift card, which you could get someone to buy from you for dollars, but the person would have to be committed to spending their money in that particular shop. What cryptocurrencies could do is make all those gift cards, frequent flyer miles, rewards programs points...etc more easily exchangeable. For example, maybe you have a bunch of Delta tokens (miles) built up, but only American flies to where you are going. You could exchange your Delta tokens with someone who has American Airlines tokens (miles) in order to purchase your flight.

All that said, you have this interesting article which shows the dangers of this converging of tech and finance:

Spoiler:

The lines between banks and tech companies are blurring. And this makes it all the more confusing that tech companies and banks both refer to customers’ preferences when justifying their divergent corporate decisions about brick-and-mortar storefronts. Tech companies lack the waning public trust of retail banking institutions; however, they are delivering financial products and services over which banks are used to having exclusive control. Because tech companies and banks increasingly share a customer base, the apparent contradictions in corporate decisions to open and close retail stores can’t be explained away by within-industry changes in people’s preferences or consumption patterns.
One answer is that tech and finance industries are jockeying for control over new terrains and manipulating their economies of scale to extract new forms of value. This value extraction relies on and reifies a socially constructed racial hierarchy.

Since their inception, banks have relied on a racial hierarchy for generating profits and accumulating wealth. As Angela Glover Blackwell and Michael McAfee write, “Banks have been the underwriters of American racism.” Banks have financed the slave trade, funded local development to segregate cities, denied affordable mortgages to Black and brown borrowers, and charged Black and brown customers more for retail banking services.

Banks routinely compound the racialized costs of banking by refusing to make changes that would benefit their customers. For decades, banks have ignored people’s demands for the elimination of overdraft fees, free or low-cost checking accounts, and low-interest loans and mortgages that would have come at the expense of their bottom lines. While some banks have framed their recent decisions to discontinue overdraft fees as part of commitments to advance racial equity, these decisions coincide with competition from tech companies and threats of federal regulation and oversight. In actuality, retail banks spend about $60 million per year on lobbying efforts to avoid demands from public policymakers requiring them to offer affordable products and services...

The foreclosure of banking alternatives forces a reliance on technology that aids in the expansion of the surveillance state disproportionately into Black and brown communities. The prominence of tech companies in the virtual space, combined with the retraction of banks in the physical space, creates new conditions for extractive finance and predatory surveillance. Like payday lenders and check cashers that occupy communities exploited and abandoned by banks, tech companies capitalize on the vulnerabilities and truancies of our institutions.

Not only are tech companies expanding into brick-and-mortar retail stores; they are competing with banks in the delivery of financial products and services, such as by providing checking account and payment services and loan underwriting. Tech companies’ financial products and services activities comprise a growing share of their revenue—about 12 percent of revenue in 2019 among the largest companies, including Amazon and Meta. And there is every indication that tech companies will continue to increase their revenue from these activities....

Private companies operating under racial capitalism have always been able to find the regulatory loopholes, and tech companies’ operations are arguably much harder to scrutinize than retail banking institutions. Tech companies have already proven nimble at evading federal rules designed for retail banks, setting up the potential for similar conditions that have plagued payday-lending regulation for decades. And regulatory strategies have never fully redressed banks’ racial discrimination, which bodes ominous since tech companies knowingly rely on racist algorithms and data.

https://prospect.org/economy/banks-tech-companies-jockey-for-economic-control/


Here are some other articles that talk a bit about the regulation challenges:

https://www.nytimes.com/2021/09/17/business/economy/federal-reserve-virtual-currency-stablecoin.html

https://www.wsj.com/articles/why-central-banks-want-to-create-their-own-digital-currencies-like-bitcoin-11603291131

https://www.nytimes.com/2021/09/23/us/politics/cryptocurrency-regulators-rules.html

https://www.nytimes.com/2021/09/05/us/politics/cryptocurrency-banking-regulation.html

https://www.nytimes.com/2021/09/05/us/politics/cryptocurrency-explainer.html

Thanks. It'll be interesting to see how this all plays out. I recently began taking an interest in it after I discovered that "crypto" was buying up many of the old abandoned manufacturing plants in Buffalo, a city I'm considering moving to. Then I read that new NYC Mayor Adams is a big crypto supporter and wants NYC to the be the crypto hub of the world. I don't trust his intellect or his moral character whatsoever.

You guys kicked our asses tonight. The Heat are very well coached and play like a championship caliber team.

As I mentioned a week or so ago:

The creation of a government-backed cryptocurrency took a major step forward Thursday when Federal Reserve Bank of Boston released research in collaboration with the Massachusetts Institute of Technology, on the technological viability of a Fed-backed digital dollar, also known as a central bank digital currency.

The results are promising for the viability of a digital dollar, as the research produced two separate architectures for a potential U.S. CBDC, with one code base capable of handling 1.7 million transactions per second, according to a white paper released Thursday. That’s more than 2.5 times the number of transactions Visa can handle on its network, according statistics cited by Visa CFO Vasant Prabhu in a recent Barron’s interview.

Furthermore, the vast majority of these transactions were settled in less than two seconds, a tantalizing result for users of the U.S. banking system, which can force customers to wait days before a fund transfers are settled.

That performance is also far superior to popular cryptocurrencies, with the bitcoin network capable of handling just 7 transactions per second and ether just 25, according to research by Shihab Hazari, a software developer and former researcher at Ontario Tech University. Though developers are working on methods to increase throughput on these blockchains, it’s unlikely that decentralized networks like bitcoin can compete on these metrics with a centralized network like the one proposed by the Boston Fed and MIT....

Along with the research paper, the Boston Fed and MIT plan to upload the code that powers these experimental architectures to GitHub, a service that hosts open-source code and enables developers around the world to give feedback and refine and improve the code.

“It’s critical to understand how emerging technologies could support a CBDC and what challenges remain,” Boston Fed Executive Vice President Jim Cunha said in a press release. “This collaboration with MIT and our technologists has created a scalable CBDC research model that allows us to learn more about these technologies and the choices that should be considered when designing a CBDC.”...

The research comes on the heels of a report issued by the Board of Governors of the Federal Reserve, which argued that if the central bank were to issue a digital dollar, it would be intermediated by the existing financial system, which would provide consumers with digital wallets or accounts for storing digital dollars. The report also stressed the need to safeguard Americans’ privacy rights, while balancing that goal with “the transparency necessary to deter criminal activity.”

Researchers at MIT and the Boston Fed identified these competing priorities as an especially thorny problem as they continue to experiment with the technology. While it’s possible to design a CBDC that would retain little data on transactions, such a design makes it more difficult to audit transactions for accuracy and to monitor for cyber intrusions, according to the white paper.

Phase Two of the project, which is now underway, will include further research into these issues as well as research into making a digital dollar interoperable with other central bank digital currencies, and potentially, private cryptocurrencies like bitcoin BTCUSD, -0.92% and ether ETHUSD, -1.87%....

One benefit of a central bank digital currency in the eyes of financial regulators is their potential to supersede popular stablecoins like dai DAIUSD, 0.01%, tether USDTUSD, 0.01% and USD coin USDCUSD, 0.00% — digital assets that peg their value to the U.S. dollar. These instruments are used by cryptocurrency investors to park unused funds and protect them from the extreme volatility in crypto markets.

https://www.marketwatch.com/story/move-toward-digital-dollar-gains-steam-as-boston-fed-says-its-prototype-can-handle-1-7-million-transactions-per-second-11643916607?mod=home-page

[Stannis]

Bought some more Amazon before the bell and it looks like it's going to pay off. I was betting on a stock split lol. Nonetheless, the move is paying off.

Morons on WSB were buying puts merely because Facebook bombed earnings. Amazon ain't Facebook.

[NYKinMIA]

Is anybody concerned that we might reaching the top of a macroeconomic cycle?
Coming inflation? Raising rates? Shaky stock market? Housing market on fire for a while now. Shyt like that?

Why not move in to stablecoins now that we sure gains won't be taxed? Crypto IRA too. ;shrug;

[br7knicks]

Is anybody concerned that we might reaching the top of a macroeconomic cycle?
Coming inflation? Raising rates? Shaky stock market? Housing market on fire for a while now. Shyt like that?

Why not move in to stablecoins now that we sure gains won't be taxed? Crypto IRA too. ;shrug;

Well I've been calling for a correction/crash for a few months, and we're seeing it now.

Market has been grossly overvalued. It's in the middle of hitting hard. Gotta be smart

I've been jumping on cosmos and Algorand the last few months now

[NYKinMIA]

I decided to go mostly crypto and took some modest gains from my stonks a while back.

The ship be sinking y'all. IMHO NGMI IGMI

[CharlesOakley]

I think the rate increases won't make much of a difference if at all. Whatever you'll save from home prices going down, will be gone with the higher rate you will be paying.

Like you said, people still want to buy and there's not much supply and material prices aren't coming down either.

I'm kind of taking the Peter Lynch approach here and ignoring the ongoing talk of interest rates. A home would be a long-term investment. If I like it and can afford it, I'm buying it.

Rates might have inched up a bit but they are still at historic lows. The difference between 2.75 and 3.25% on a 30 year fixed isn’t all that much. If you find a place you love, pull the trigger. If you stay for a while, you will build equity even if the market pulls back a bit in the short term.
The real estate market over the last 2 years has made absolutely no sense. Any one who tells you what will happen in ‘22 is full of ****. I’ve spoken to RE experts in residential, office, industrial, retail, multi family and have gotten completely different answers from each one.
Been in the biz for 20 years and the last 18 months have been the craziest Ive ever seen.
If you have any questions on the transaction process, feel reach out.

As for crypto, still holding most that I have for years -btc/Tel/eth/VRA/Link/Dexa/XDB/HTR/NOIA/Sand.
Only thing I’ve bought in the last few months is AZero which I’ve been waiting for and finally hit an exchange (Aleph Zero. New L1- look this up) and a little Vader.

I bought a house 10 months ago and it’s value is already 100k higher than when I bought it, but I got it to live long term not planning on selling. now just conflicted whether to put extra money toward paying it off even though my interest rate is a low 2.3%, invest and hope we go up another year even though everything is at ATH with red flags everywhere, or sit on cash even though there’s 7% inflation and bonds cd and savings accounts are still not viable because the low rates. I’ll probably split it up all 3 directions and pay a little extra payments, a little invested, and a little cash on the side for buying opportunities because I can’t choose a direction

Sitting on cash makes sense if you think there will be a big correction and you want to get it when it happens. I don't think it makes sense to pay faster on a 2% loan when you can park your cash in a something reasonably safe like GUSD for 7%.

[CharlesOakley]

Is anybody concerned that we might reaching the top of a macroeconomic cycle?
Coming inflation? Raising rates? Shaky stock market? Housing market on fire for a while now. Shyt like that?

Why not move in to stablecoins now that we sure gains won't be taxed? Crypto IRA too. ;shrug;

Quantitative easing is still happening. They will print money until it all implodes. Who knows when it will all give out but it won't be pretty when it does.

[br7knicks]

Is anybody concerned that we might reaching the top of a macroeconomic cycle?
Coming inflation? Raising rates? Shaky stock market? Housing market on fire for a while now. Shyt like that?

Why not move in to stablecoins now that we sure gains won't be taxed? Crypto IRA too. ;shrug;

Quantitative easing is still happening. They will print money until it all implodes. Who knows when it will all give out but it won't be pretty when it does.

this. all of this money printing is slowly destroying, and will eventually crumble the economy. we had a nice run while it lasted.


will be interesting to see if this country can recover. have very little hope, though. think i need to up my dosage of fluoxetine

[br7knicks]

I decided to go mostly crypto and took some modest gains from my stonks a while back.

The ship be sinking y'all. IMHO NGMI IGMI

we'll see small bumps every now and then. but it's going to come crumbling down. the money printing is terrible. plus, when it's finally time to repay this, the next generation/us are ****

[F N 11]

Got asses kicked today mainly because of Meta platforms tanking 26%. We will be back in no time.

[bringbackhoffa]

Bought some more Amazon before the bell and it looks like it's going to pay off. I was betting on a stock split lol. Nonetheless, the move is paying off.

Morons on WSB were buying puts merely because Facebook bombed earnings. Amazon ain't Facebook.

Same here but it was a giant shot in the dark that paid off, but selling it all tomorrow before opening. Lot of that **** is inflated due to rivian ipo

Sent from my SM-G960W using RealGM mobile app

[br7knicks]

Got asses kicked today mainly because of Meta platforms tanking 26%. We will be back in no time.

I've been watching these 3x leveraged ETFs and trying to make short, quick money off of them.

I'm mainly using BULZ. I'll wait for it to hit an All Time Low. Then buy like 20 shares, and sell after it's made me about $50 each time

I'm sure what I'm doing is dumb, and some stupid ass tax **** I'll be hit with. But that's why I'm not doing a lot

[F N 11]

Got asses kicked today mainly because of Meta platforms tanking 26%. We will be back in no time.

I've been watching these 3x leveraged ETFs and trying to make short, quick money off of them.

I'm mainly using BULZ. I'll wait for it to hit an All Time Low. Then buy like 20 shares, and sell after it's made me about $50 each time

I'm sure what I'm doing is dumb, and some stupid ass tax **** I'll be hit with. But that's why I'm not doing a lot

You are more aggressive than me. I just put in and leave it. I don’t sell when high and buy low. I don’t time the market.

[br7knicks]

Got asses kicked today mainly because of Meta platforms tanking 26%. We will be back in no time.

I've been watching these 3x leveraged ETFs and trying to make short, quick money off of them.

I'm mainly using BULZ. I'll wait for it to hit an All Time Low. Then buy like 20 shares, and sell after it's made me about $50 each time

I'm sure what I'm doing is dumb, and some stupid ass tax **** I'll be hit with. But that's why I'm not doing a lot

You are more aggressive than me. I just put in and leave it. I don’t sell when high and buy low. I don’t time the market.

Well, I always put 500 into my roth Ira each month so I can max it out. Anything left over goes into my M1 finance ETFs as my supplemental retirement.

This is just a few hundred I can be riskier with. No wife or kids. In my 30s. Dad got on my case for not being more aggressive at this age. Says I have time to recover if I need to

[F N 11]

I've been watching these 3x leveraged ETFs and trying to make short, quick money off of them.

I'm mainly using BULZ. I'll wait for it to hit an All Time Low. Then buy like 20 shares, and sell after it's made me about $50 each time

I'm sure what I'm doing is dumb, and some stupid ass tax **** I'll be hit with. But that's why I'm not doing a lot

You are more aggressive than me. I just put in and leave it. I don’t sell when high and buy low. I don’t time the market.

Well, I always put 500 into my roth Ira each month so I can max it out. Anything left over goes into my M1 finance ETFs as my supplemental retirement.

This is just a few hundred I can be riskier with. No wife or kids. In my 30s. Dad got on my case for not being more aggressive at this age. Says I have time to recover if I need to

I put a percentage from each check and the company matches. I hear you on the being more aggressive on play money. May have to start doing the same thing but I would hate to miss out on gains trying to time lol. I’m the get rich slow type in my development right now.

[br7knicks]

You are more aggressive than me. I just put in and leave it. I don’t sell when high and buy low. I don’t time the market.

Well, I always put 500 into my roth Ira each month so I can max it out. Anything left over goes into my M1 finance ETFs as my supplemental retirement.

This is just a few hundred I can be riskier with. No wife or kids. In my 30s. Dad got on my case for not being more aggressive at this age. Says I have time to recover if I need to

I put a percentage from each check and the company matches. I hear you on the being more aggressive on play money. May have to start doing the same thing but I would hate to miss out on gains trying to time lol. I’m the get rich slow type in my development right now.

Pretty much the guaranteed way to do it lol