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Discussion in 'The Mainboard' started by Joe Louis, Jul 12, 2010.
Bitcoin guy def has an agenda. To be fair.
Yeah well, that's not what she said. In fact, if you listen to the whole interview, she says the exact opposite.
Thank you both for informing me. It was pulled out of context and sounds much more reasonable listening in full
400k just doesn’t go as far as it used to.
Siblings and I will be selling our parent's house. We're not in a hurry but I was wondering if maybe we should be considering the market?
Personally, I’d hold for a bit. Seems like the housing market is cooling down, especially with interest rates going up.
if you guys don’t need the cash, I might considering waiting three years or so.
Matters what market you're in as well
Macro is that US housing is cooling, like buckeye said. I believe avg transaction price (or similar metric) has fallen for 3 straight months.
If you're parents aren't buying again, it would be wiser to sell (or at least test water) now.
A suburb in L.A. County.
Need to figure in the opportunity cost of not investing the proceeds of the sale in addition to the carrying costs of the home. That’s a pretty significant amount of money to make up (plus broker commission from the proceeds) in 3 years.
Your Online Savings Account rate is increasing from 1.40% to 1.60%
wealthfront cash acct is up to 2%
Liveoak is still at 1.4 but hoping they’ll bump up soon.
came here to post this
damnit you always gotta one up with this wealthfront
2.12 w/Bread Savings. Up from 1.63.
Another massive jobs report. Y’all will probably be getting 2.5% in your high yield savings accounts soon.
Stock market futures dropped and yields spiked on Friday as markets reacted to the strong U.S. July jobs report.
S&P 500 futures (SPX) were -0.8% shortly after the report's 8:30 a.m. ET release, while the Dow futures (INDU) were sliding 0.5% and the Nasdaq 100 futures (NDX:IND) declined 1%.
Meanwhile, yields tilted to the topside following the report's release. The U.S. 10-year Treasury yield (US10Y) was up 11 basis point at 2.79%, while the U.S. 2-year Treasury yield (US2Y) gained 17 basis points to 3.21%. However, that left the 2/10 spread inverted at -0.41%, continuing to flash a possible recession signal.
July nonfarm payrolls came in at +528k vs. the +250K expected and the +398K in June (upwardly revised from 372K). Additionally, the July unemployment rate was 3.5% the vs. 3.6% expected and June's 3.6% level.
Bank of America wrote in a note that “our indicators show that current labor market conditions remain well above prior expansion peaks, consistent with a historically tight labor market. That said, they also show that labor market momentum has slowed sharply over the past year as the economy recovered from the pandemic. Labor market conditions tends to weaken when momentum is below average for an extended period of time.”
Among active premarket stocks, shares of DraftKings (DKNG) jumped as the company reported a 56% rise in Q2 revenue and raised its FY2022 revenue outlook.
I suppose the next 6 months of those treasury i-bonds won't be that off from 9.6% either come October...
Just jumped to 1.75% so that’s neat go us
Been thinking alot about the infrastructure deal earlier this year, the CHIPS bill, and the IRA bill with all the investments in the green infrastructure....almost all of that spending / effects of that spending have not been realized in the economy and are slated to be spent in the coming decade.
Hypothesis: Even if the economy softens later this year or early next....we have alot of domestic stimulus coming down the pipe that derisks the US a bit from the rest of the globe. I haven't seen a ton of people talking about this.
Is there a good break down of infrastructure / CHIPS that lays out spend schedule and how / where those outlays go?
There are some commerce documents that have a summary, not sure how detailed you’re looking for.
Is it better to do the college savings plan through the state or through a private brokerage account like Vanguard?
If you get a state tax break, then through the state. If not, I don't think it matters. For example, in SC 100% of the contribution is a state tax deduction but you have to use the state 529 plan.
after digging around some more , the tax benefit through the state isn't good enough to justify the higher expense ratio over Vanguard and I like Vanguard's investment options better.
Got a link to the vanguard options?
I don't know if there is a link that lets you look at all the different options. I got lazy and just selected the 2040 target date. To be fair it is like 90% equities for now. I intended on dumping 100% into VTSAX or some other total index fund and being super aggressive while she's young. But I have friends with their Vanguard 529 in VTSAX. Again, not sure what all funds you can use.
It's a $3k minimum investment FYI and they won't let you fund it by rolling over some money from your existing brokerage account They give you a QR code that you can share with relatives. Better believe I'm sending that shit to all the aunts, uncles, grandparents, etc. Not shame in my solicitation.
I think Gump is in MS. Alabama’s plan is pretty good and has Vanguard funds to choose from.
I like the tax benefits of the state offered 529. I’ve been wanting to start one for my newborn son but I need a SSN and they take up to 2 months to get one so I’m sitting her watch the market recover while I can’t do anything about it.
You can create one under your SSN and transfer it.
I was just looking at one of the funds my 401K is in (we just got a new provider/servicer) and one of the top 10 holdings is Rivian lol sweet
What’s the fund?
CLF ceo not a fan of short sellers
Seems like an even-keel, well tempered guy.
Finally sold my last bit of Facebook/META off, feels good to cleanse myself. Should have done it a longtime ago.
So glad inflation and the bear market is over
Well at least for a month! With the fed not meeting until September the shorts will be feeling it coming off this data and the jobs report.
PRUFX - T Rowe Price Growth Stock. It’s the only growth one I saw, other than a dividend growth fund which I also have.
My most recent purchases have been:
with the exception of a few, I've reached the boring dividend phase of my investing journey. Good times were had in my brief day-trading career and over in wallstreetbets. I had/have more than I care to admit in JPGs and GIFs on OpenSea and Dapper products, and I've dabbled in Groundfloor, Prosper and others, but alas, I've come full circle.
Is this a safe space for TTD owners to post a win? It feels nice.
That’s too bad there’s not an index option available. Something like VTI has had much stronger performance over the last 1 and 5 year periods.
Yeah agree, I might look into the Dividend Growth one and compare. Or at least see if there’s one I missed.
What’s the ticker on the dividend growth fund? Hell feel free to post the list of investment options if you’d like.
Dividend Growth is PDGIX
Other options, just naming everyone that’s not a target date, so I don’t miss one:
VINIX (doesn’t look bad)