Official Investing Thread

Discussion in 'The Mainboard' started by Joe Louis, Jul 12, 2010.

  1. Paddy Murphy

    Paddy Murphy Well-Known Member
    Atlanta BravesCarolina PanthersWofford TerriersUnited States Men's National Soccer TeamLiverpoolCharlotte FC

    One reason to think strongly no - you are required to put up real money and UW standards for banks are at least in existence today vs 2007.

    I don’t know if I think this is a bubble or not, but in looking at houses recently, it seems a lot of them are being sold after 2017-2019 purchases. Literally first time home buyers of two years ago have $50-100k in equity in their houses and have decided to immediately trade up. They are buying homes a step up from people who also bought two years ago - who are going to do the same. All perpetuated by low rates and a creeping “house values can’t come down” mentality.

    I don’t know if that’s a bubble that will burst, but the above is definitely a cycle that leads to unnatural value inflation at a rapid pace.
     
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  2. Jimmy the Saint

    Jimmy the Saint The future is a benevolent black hole
    Donor
    Penn State Nittany LionsGreen Bay PackersChelseaHartford WhalersPhoenix Rising

    Built last year/this year. Signed in June and closed in February.

    Same house, same neighborhood would be $172k more to build now.
     
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  3. infected donkey

    infected donkey Arkansas Razorbacks
    Donor
    Arkansas RazorbacksChicago CubsAvengersBarAndGrillSoutheastern Conference

    I’m probably going to build in the next few months in a significantly cheaper market (~$55/sq ft difference). This will be fun I’m sure.
     
  4. letan

    letan Just looking for the gator board
    Donor
    Real MadridJacksonville JaguarsFlorida GatorsTampa Bay Rays

    The Milkman when is it safe to invest in China again? BABA is so far off its high that I’m getting intrigued but it’s just continuous bad news. Gotta end sometime right?
     
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  5. Paddy Murphy

    Paddy Murphy Well-Known Member
    Atlanta BravesCarolina PanthersWofford TerriersUnited States Men's National Soccer TeamLiverpoolCharlotte FC

    When Xi decides it is safe to invest again.
     
    letan likes this.
  6. NothingIsOT

    NothingIsOT Fuller is a sarcastic asshole
    Donor
    Miami DolphinsFlorida PanthersDetroit TigersMiami Heat

    Me too.

    But I’m still holding out hope for Viacom after it too went through a “non fundamental” correction.
     
    letan likes this.
  7. burnttatertot

    burnttatertot may contain traces of nuts
    Donor
    Washington State CougarsSeattle MarinersHartford WhalersSeattle SupersonicsMetal

    It needs to hold off until February so I can tax harvest the shit out of it.
     
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  8. fish

    fish Impossible, Germany
    Los Angeles DodgersLos Angeles RamsLos Angeles KingsSouthern California Trojans

    I’m in at 220… oof.
     
  9. Gallant Knight

    Donor
    Arkansas RazorbacksHouston AstrosAston Villa

    i know i haven't been that active in here recently

    just bought 200 $BABA calls that expire next Friday for $0.68 each.
     
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  10. dukebuckeye

    dukebuckeye P.G.I.T
    Donor TMB OG
    Ohio State BuckeyesCleveland BrownsColumbus Blue JacketsCleveland CavaliersCleveland Indians

    Done
     
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  11. Gallant Knight

    Donor
    Arkansas RazorbacksHouston AstrosAston Villa

    closed at $0.75 leggo
     
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  12. Chumbolone

    Chumbolone Well-Known Member
    Notre Dame Fighting IrishChicago CubsChicago BullsChicago BearsChicago BlackhawksChicago Fire

     
  13. kinghill

    kinghill Cool American Flavour
    Donor
    Miami HurricanesMiami MarlinsMiami DolphinsMiami Heat

    And here I was thinking I was smart by selling my home and downsizing in 2019.
     
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  14. burnttatertot

    burnttatertot may contain traces of nuts
    Donor
    Washington State CougarsSeattle MarinersHartford WhalersSeattle SupersonicsMetal

    Doubled my position in LVS yesterday. Gonna be awhile before I see green on it though, if I do at all.
     
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  15. Nashville Knight

    Nashville Knight Logistics
    Donor
    UCF KnightsTampa Bay BuccaneersTampa Bay LightningNashville Predators

    Advice on what to do with my emergency savings as I have $40K between my regular bank and online bank.

    With the current low savings account interest rates (Emergency savings is in the Amex High Yield Savings Account), would I be better off putting 2/3 of that into -
    Vanguard LifeStrategy Income Fund (VASIX) or Vanguard LifeStrategy Conservative Growth Fund (VSCGX)?

    I've run the numbers, and even if we have another massive drop in the stock market like last Feb/March and I had put $20K in at the top, I would have only lost ~$2K to $3K. I could live with that number.
     
  16. kentucky_dawg

    kentucky_dawg Fan of: Georgia :\
    Donor
    Georgia Bulldogs

    What does your time horizon look like with that money? Will you need it in the next < 5 years?
     
  17. Lyrtch

    Lyrtch My second favorite meat is hamburger
    Staff Donor

    these arguments never make any sense, theres no comparison to '08 from a functional standpoint

    the solution to our housing price problem is building a lot more housing, because having diminished supply largely from nimby's being a political force isn't something that causes a crash when there's plenty of people able to afford all the housing still. maybe we'll see a massive demand drop once everyone gets resorted post covid? that's not going to cause a crash though.
     
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  18. NothingIsOT

    NothingIsOT Fuller is a sarcastic asshole
    Donor
    Miami DolphinsFlorida PanthersDetroit TigersMiami Heat

    Agreed with this. Massive drop is going to be a lot of forced liquidations. I don't see that happening in this environment.
     
  19. billdozer

    billdozer Well-Known Member
    Donor
    Clemson TigersCarolina Panthers

    If it's emergency savings, it's there for an emergency (loss of job). At most, I would look at CDs or Ibonds/Treasuries. At least that's how I see it. I keep 6-8 months worth of expenses untouched, plus some more for normal use of things popping up. But I'm the sole income for a family of 5. If I was single or no kids, I would probably not have as much and could be more aggressive with it.
     
    kinghill likes this.
  20. Gallant Knight

    Donor
    Arkansas RazorbacksHouston AstrosAston Villa

    Lads….
     
    TheDKALife, Ralph, momux and 3 others like this.
  21. PAHokie

    PAHokie Can't a bitch living say I bought her Michael Kors
    Donor
    Virginia Tech HokiesPittsburgh PenguinsAtlanta Braves

    Talked with a guy that flips houses yesterday. A friend of his up in DC area is a home appraiser/inspector and BoA asked him how many he could handle a month and he was confused then they asked if he could do 200 a month as they anticipate a huge inventory of foreclosure coming once the moratorium is lifted.

    That’s where we could see a drop.
     
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  22. dukebuckeye

    dukebuckeye P.G.I.T
    Donor TMB OG
    Ohio State BuckeyesCleveland BrownsColumbus Blue JacketsCleveland CavaliersCleveland Indians

    BABA up 5.5% this morning.

    Call is up 25%.
     
  23. momux

    momux AFAM Scholar
    Donor
    North Carolina TarheelsCarolina PanthersChelsea

    I have a feeling that institutional money is going to rush in to snap up those foreclosures.
     
  24. PAHokie

    PAHokie Can't a bitch living say I bought her Michael Kors
    Donor
    Virginia Tech HokiesPittsburgh PenguinsAtlanta Braves

    They have jumped on everything else so it wouldn’t surprise me.
     
  25. dukebuckeye

    dukebuckeye P.G.I.T
    Donor TMB OG
    Ohio State BuckeyesCleveland BrownsColumbus Blue JacketsCleveland CavaliersCleveland Indians

    Up 36.3%
     
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  26. Sportfan

    Sportfan From Six to Dumptime

    NASDAQ at 15,000 absurddddddd
     
  27. dukebuckeye

    dukebuckeye P.G.I.T
    Donor TMB OG
    Ohio State BuckeyesCleveland BrownsColumbus Blue JacketsCleveland CavaliersCleveland Indians

    Feel like I should sell. Up over 40% now...a quick $9k profit.
     
  28. Gallant Knight

    Donor
    Arkansas RazorbacksHouston AstrosAston Villa

    Never go broke taking a profit
     
  29. dukebuckeye

    dukebuckeye P.G.I.T
    Donor TMB OG
    Ohio State BuckeyesCleveland BrownsColumbus Blue JacketsCleveland CavaliersCleveland Indians

    You're the best.
     
  30. Arliden

    Arliden Well-Known Member

    You put 20k on a two week call? my god man, good for you coming out green.


    I'm always amused when GK makes his profit off the things he lambasts frequently, first Tesla and Elon now Cathie Wood. If he wagers on Arsenal I'm going to have to jump on it.
     
  31. dukebuckeye

    dukebuckeye P.G.I.T
    Donor TMB OG
    Ohio State BuckeyesCleveland BrownsColumbus Blue JacketsCleveland CavaliersCleveland Indians

    Yeah. GK basically bought his house option trading against Tesla. I'm 100% behind any of his suggestions.
     
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  32. Arliden

    Arliden Well-Known Member

    News is Cathie wood bought back in to Chinese tech and thats worth 10% apparently

     
  33. letan

    letan Just looking for the gator board
    Donor
    Real MadridJacksonville JaguarsFlorida GatorsTampa Bay Rays

    How did I miss these baba calls when I’m pretty sure I’m the one who brought up baba in here last week??
     
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  34. dukebuckeye

    dukebuckeye P.G.I.T
    Donor TMB OG
    Ohio State BuckeyesCleveland BrownsColumbus Blue JacketsCleveland CavaliersCleveland Indians

    thank u for your service
     
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  35. letan

    letan Just looking for the gator board
    Donor
    Real MadridJacksonville JaguarsFlorida GatorsTampa Bay Rays

    Gallant Knight I’ll take some winning horse picks since I missed this winner
     
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  36. construxboy

    construxboy xenForo is the new TMB
    Donor
    North Carolina TarheelsPenn State Nittany LionsBuffalo BillsBuffalo SabresArsenalCharlotte FC

    I feel like you should apply this logic to the Soccer Board.
     
  37. Fuzzy Zoeller

    Fuzzy Zoeller College football > NFL

    Friends of ours close on a new build today. The guy told me their builder has been dicking them around on agreed upon finishings hoping that they'd break their contract because they'll have $60-80K in equity the moment they get the keys.
     
  38. dukebuckeye

    dukebuckeye P.G.I.T
    Donor TMB OG
    Ohio State BuckeyesCleveland BrownsColumbus Blue JacketsCleveland CavaliersCleveland Indians

    We signed for our new build in January. Base price was $509k. Wife wanted nearly all of the upgrades that the model house had, so we did about $150k in upgrades. Moved in August 1st and the final price was $675k.

    The model house just listed for $778k and it's damn near identical to ours.
     
  39. Nashville Knight

    Nashville Knight Logistics
    Donor
    UCF KnightsTampa Bay BuccaneersTampa Bay LightningNashville Predators

    Nothing immediate unless both 6-year-old AC units die in the next few years. Potentially looking at a wedding, kids, and buying a house/moving to Denver 3-5 years from now.
     
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  40. dukebuckeye

    dukebuckeye P.G.I.T
    Donor TMB OG
    Ohio State BuckeyesCleveland BrownsColumbus Blue JacketsCleveland CavaliersCleveland Indians

    I'm fully expecting those prices to pull back over the next few years, but it's still neat.
     
  41. Nashville Knight

    Nashville Knight Logistics
    Donor
    UCF KnightsTampa Bay BuccaneersTampa Bay LightningNashville Predators

    Dual income, no kids.

    I own the house but we agreed that if I lost my job, we would get a travel nurse to rent out one of our furnished extra bedrooms to replace my portion of mortgage/utilities.

    I think I will put $20K of it into VSCGX and keep the rest of it as cash.
     
    billdozer likes this.
  42. billdozer

    billdozer Well-Known Member
    Donor
    Clemson TigersCarolina Panthers

    I think that's reasonable.
     
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  43. jane0085

    jane0085 Queen Jane

    Hi. I'm Long big banks GS WFC BAC JPM, industrials DD DOW XLI, materials FCX HBM, energy XOM, Disc AMZN CMG TSLA, Coms FB plus COIN ARKK.
    What do you think on KWEB? Ready or more downside?
     
  44. letan

    letan Just looking for the gator board
    Donor
    Real MadridJacksonville JaguarsFlorida GatorsTampa Bay Rays

    I thought you were a robot that just posted SJU nudes. Although I guess even bots need funding to pay for onlyfans
     
  45. Lyrtch

    Lyrtch My second favorite meat is hamburger
    Staff Donor



    i can't get enough of stupid charts people make
     
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  46. jane0085

    jane0085 Queen Jane

    Anyone buying BABA or KWEB at these levels?
     
  47. shawnoc

    shawnoc My president is black, my logos are red...
    TMB OG
    Rutgers Scarlet KnightsNew Jersey DevilsNew York Red BullsLos Angeles Angels of Anaheim

    Nope. I’m not messing with anything internet or China right now.
     
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  48. Sportfan

    Sportfan From Six to Dumptime

    Why we chasing those stocks when VTI/VOO up like 22% YTD? That ain’t good enough lol?
     
  49. dukebuckeye

    dukebuckeye P.G.I.T
    Donor TMB OG
    Ohio State BuckeyesCleveland BrownsColumbus Blue JacketsCleveland CavaliersCleveland Indians

    80% of my portfolio is in ETFs and high dividend stocks. It’s just not as fun to talk about.