Stock Market bubble - will burst - it did multiple times now ***Official thread***

[Horseman]

2 minutes ago, Raven Fan said:

Just so we're clear, you think $2M is a pathetic amount and anyone who has less is a loser, right?  And I'll be 64 boyo.

And are you really comparing someone with unlimited money to a degenerate renter who does not have unlimited money?

The math is pretty simple.  If he's really retired right now, (10 years before you will be, ~same age) he has to have 2M or more or he will run out of money. 

From a pure financial perspective that makes him more successful than you.  

I can keep explaining it to you, but, I can't force you to understand.   

[Raven Fan]

Just now, Horseman said:

The math is pretty simple.  If he's really retired right now, (10 years before you will be, ~same age) he has to have 2M or more or he will run out of money. 

From a pure financial perspective that makes him more successful than you.  

I can keep explaining it to you, but, I can't force you to understand.   

You keep ragging on me for wanting to have $2M in retirement savings when I'm 64.  True?

So that means that  you think anyone retired with that or less is a loser.  True?

[Horseman]

2 hours ago, Gepetto said:

We're supposed to know what these abbreviations mean?

EPS - Earning per share.

AH - After hours

HFS - Holy foking chit

Looks like it's going to settle in at 170/share. A nice little 6% bump from the reporting.  People were taking profits at 165, 170 and 175.  Anyone at 175 hit it perfectly.  

[thegeneral]

32 minutes ago, Horseman said:

The math is pretty simple.  If he's really retired right now, (10 years before you will be, ~same age) he has to have 2M or more or he will run out of money. 

From a pure financial perspective that makes him more successful than you.  

I can keep explaining it to you, but, I can't force you to understand.   

Are we taking into account Peefoam’s side hustle income of waxing asssholes and giving feet massages

[Horseman]

1 minute ago, Raven Fan said:

You keep ragging on me for wanting to have $2M in retirement savings when I'm 64.  True?

So that means that  you think anyone retired with that or less is a loser.  True?

No, that's a good goal for you.  I'm ragging on you because you keep ragging on Seafoam who by all accounts is way ahead of you.  

[Horseman]

Just now, thegeneral said:

Are we taking into account Peefoam’s side hustle income of waxing and giving feet massages

Possibly true.  But that would mean he's really not retired, just changed professions.

You'd be sick if you knew how much AMZN I sold at the end of the year.  I foked up not waiting two more months.  But I still have way more than I should.  Are you trimming?

[Raven Fan]

Just now, Horseman said:

No, that's a good goal for you.  I'm ragging on you because you keep ragging on Seafoam who by all accounts is way ahead of you.  

Boyo you've been bringing up the $2M "mocking" me since I posted it.

Had nothing to do with peafoam the degenerate loser.

You also mocked the wages you made up for me saying they were just plumber wages.

Not very blue collar, uneducated friendly of you boyo. 

 

[Raven Fan]

Just now, Horseman said:

Possibly true.  But that would mean he's really not retired, just changed professions.

You'd be sick if you knew how much AMZN I sold at the end of the year.  I foked up not waiting two more months.  But I still have way more than I should.  Are you trimming?

When did you acquire all this Amazon stock?

[thegeneral]

13 minutes ago, Horseman said:

Possibly true.  But that would mean he's really not retired, just changed professions.

You'd be sick if you knew how much AMZN I sold at the end of the year.  I foked up not waiting two more months.  But I still have way more than I should.  Are you trimming?

Taking profits never hurt anyone.

For long term accounts I am only holding AMZN and adding. I prefer it over the other “magnificent seven” TBH. Jassy knows what’s up and has been cleaning out money losing parts of the company. 

In my active trading gambling account I have bought and sold little bits of it over the course of past 5 years but always have some. I honestly would have been better off holding probably if I look but I like the action.

190ish is all time high so still room IMO.

My two cents…it could drop to 120 by end of year …but I then would def be buying more.

[thegeneral]

I have some plumbing issues at my house right now. Those fockers are cleaning up!

Disgusting work but an invaluable service and they have all the power when shet literally goes haywire.

Props to the plumbers out there!!

[Raven Fan]

Just now, thegeneral said:

I have some plumbing issues at my house right now. Those fockers are cleaning up!

Disgusting work but an invaluable service and they have all the power when shet literally goes haywire.

Props to the plumbers out there!!

Yep, just had a sump pump replaced.

Plumbers are straight robbing us now.  But it's still better than doing the work myself. 

[Hardcore troubadour]

I fixed my shower faucets today. Wasn’t getting enough hot water, had to open them up and adjust the anti scalding device. Didn’t cost me anything. 

[thegeneral]

1 minute ago, Raven Fan said:

Yep, just had a sump pump replaced.

Plumbers are straight robbing us now.  But it's still better than doing the work myself. 

I am not inclined or have any interest in any of this work. I’ll take the proverbially bending over and write the check.

I know we are all for the most part kidding around but anyone working their ass off is good in my book. 

[thegeneral]

1 minute ago, Hardcore troubadour said:

I fixed my shower faucets today. Wasn’t getting enough hot water, had to open them up and adjust the anti scalding device. Didn’t cost me anything. 

Good for you. Come over here and fix my sewer line.

[Horseman]

9 minutes ago, thegeneral said:

Taking profits never hurt anyone.

For long term accounts I am only holding AMZN and adding. I prefer it over the other “magnificent seven” TBH. Jassy knows what’s up and has been cleaning out money losing parts of the company. 

In my active trading gambling account I have bought and sold little bits of it over the course of past 5 years but always have some. I honestly would have been better off holding probably if I look but I like the action.

190ish is all time high so still room IMO.

My two cents…it could drop to 120 by end of year …but I then would def be buying more.

I'm trying to convince myself into moving out of single stocks altogether.  It's hard when I've done so well.  But I want to eliminate risk as I'm about to retire.   

[Raven Fan]

Just now, thegeneral said:

I am not inclined or have any interest in any of this work. I’ll take the proverbially bending over and write the check.

I know we are all for the most part kidding around but anyone working their ass off is good in my book. 

Agree.  Just avoiding the frustration is worth it to me.

[Raven Fan]

Just now, Horseman said:

I'm trying to convince myself into moving out of single stocks altogether.  It's hard when I've done so well.  But I want to eliminate risk as I'm about to retire.   

I've road the FUBO wave in '23 quite bigly boyo.

It's fun to have some money you can move around in individual stocks. 

[seafoam1]

Just now, Raven Fan said:

I've road the FUBO wave in '23 quite bigly boyo.

It's fun to have some money you can move around in individual stocks. 

Keep trying peanut. 

[Ron_Artest]

50 minutes ago, Horseman said:

The math is pretty simple.  If he's really retired right now, (10 years before you will be, ~same age) he has to have 2M or more or he will run out of money. 

From a pure financial perspective that makes him more successful than you.  

I can keep explaining it to you, but, I can't force you to understand.   

He only has $600k and no other assets

[thegeneral]

38 minutes ago, Horseman said:

I'm trying to convince myself into moving out of single stocks altogether.  It's hard when I've done so well.  But I want to eliminate risk as I'm about to retire.   

Nothing wrong with mitigating risk.

Perhaps drop 2% into a brokerage account and get your fix there. Make the game to grow it to 5%. Or some such thing. 

[seafoam1]

Just now, thegeneral said:

Nothing wrong with mitigating risk.

Perhaps drop 2% into a brokerage account and get you fix there. Make the game to grow it to 5%. Or some such thing. 

[Horseman]

25 minutes ago, Raven Fan said:

When did you acquire all this Amazon stock?

Some in 2004, but most in 2015-16 at $25 a share.  

I realized I wasn't hitting my goal to retire in my early 50s so I took most of my 401k and bought AMZN and GOOG.  It was a huge gamble that paid off.  They are a much much less percentage of my portfolio right now, but, I still have six figures in each.  Thinking about selling more.

[Raven Fan]

Just now, Horseman said:

Some in 2004, but most in 2015-16 at $25 a share.  

I realized I wasn't hitting my goal to retire in my early 50s so I took most of my 401k and bought AMZN and GOOG.  It was a huge gamble that paid off.  They are a much much less percentage of my portfolio right now, but, I still have six figures in each.  Thinking about selling more.

Woah, good moves.  Diamond hands. 

[seafoam1]

2 minutes ago, Raven Fan said:

Woah, good moves.  Diamond hands. 

 Maybe you'll get to retire when you're 90. 

[Ron_Artest]

22 minutes ago, Raven Fan said:

Yep, just had a sump pump replaced.

Plumbers are straight robbing us now.  But it's still better than doing the work myself. 

I paid a plumber $800 to replace a $300 pump in a ejector pit a year ago.  But I sure as hell didn't want to do it.

[Raven Fan]

1 minute ago, Ron_Artest said:

I paid a plumber $800 to replace a $300 pump in a ejector pit a year ago.  But I sure as hell didn't want to do it.

That's exactly what I just paid.

[seafoam1]

1 minute ago, Raven Fan said:

That's exactly what I just paid.

[seafoam1]

6 minutes ago, Ron_Artest said:

I paid a plumber $800 to replace a $300 pump in a ejector pit a year ago.  But I sure as hell didn't want to do it.

[Hardcore troubadour]

9 minutes ago, Ron_Artest said:

I paid a plumber $800 to replace a $300 pump in a ejector pit a year ago.  But I sure as hell didn't want to do it.

Gee whiz, Gutterboy had a pump replaced in an ejector pit too. What are the odds? 

[Ron_Artest]

1 minute ago, Hardcore troubadour said:

Gee whiz, Gutterboy had a pump replaced in an ejector pit too. What are the odds? 

It is hilarious how much Gutterboy owns you

Do you dream about him?  You think about him all day don't you?  Memorize all his posts?

[Horseman]

1 hour ago, Hardcore troubadour said:

Gee whiz, Gutterboy had a pump replaced in an ejector pit too. What are the odds? 

[Horseman]

1 hour ago, Ron_Artest said:

It is hilarious how much Gutterboy owns you

Do you dream about him?  You think about him all day don't you?  Memorize all his posts?

Using an alias doesnt hide your level of dumb.  It sticks out like a sore thumb.  

[Ron_Artest]

2 minutes ago, Horseman said:

Using an alias doesnt hide your level of dumb.  It sticks out like a sore thumb.  

Cry me a river

Where's rogerdodger?

[Horseman]

GOOG continuing to creator after beating estimates on Tuesday.  Makes no sense.  At least MSFT has rebounded.  All this is reinforcing why I'm moving out of individual stocks.  Much better to just own the aggregate.  

[thegeneral]

13 minutes ago, Horseman said:

GOOG continuing to creator after beating estimates on Tuesday.  Makes no sense.  At least MSFT has rebounded.  All this is reinforcing why I'm moving out of individual stocks.  Much better to just own the aggregate.  

Crater is a bit dramatic. Still up YTD and 30% over past year. Personally like MSFT better (hometown advantage) but long term Google will be good unless everyone starts Binging stuff

[Horseman]

16 minutes ago, thegeneral said:

Crater is a bit dramatic. Still up YTD and 30% over past year. Personally like MSFT better (hometown advantage) but long term Google will be good unless everyone starts Binging stuff

It's 8% which is nearing correction territory, 10% rule, whatever you want to call it.  But yeah, you're right, it's no where near a death cross or anything.  

My larger point is that if you just owned AMZN you'd be happy with Q4 results.  If you just owned GOOG you wouldn't be happy with Q4 results.  Picking which one is going to be better next quarter, next year or next decade is just a guess.  You can see that it was less risky to own both.  Theory is it would be even better to own the total market instead of individual stocks.

[thegeneral]

3 minutes ago, Horseman said:

It's 8% which is nearing correction territory, 10% rule, whatever you want to call it.  But yeah, you're right, it's no where near a death cross or anything.  

My larger point is that if you just owned AMZN you'd be happy with Q4 results.  If you just owned GOOG you wouldn't be happy with Q4 results.  Picking which one is going to be better next quarter, next year or next decade is just a guess.  You can see that it was less risky to own both.  Theory is it would be even better to own the total market instead of individual stocks.

It is def safer to have money spread throughout a sector or even safer across multiple. No one should argue against putting 15% or whatever people can afford in a spread of funds every two weeks and just check every couple months IMO.

[The Psychic Observer]

[Hardcore troubadour]

4 minutes ago, The Psychic Observer said:

Can you post the ones where leftards were saying the stock market would crash under Trump, you know, for balance? Robert Reich and some other left wing economists come to mind. 

[thegeneral]

1 minute ago, Hardcore troubadour said:

Can you post the ones where leftards were saying the stock market would crash under Trump, you know, for balance? Robert Reich and some other left wing economists come to mind. 

You can just say how stupid and petty this orange betch sounds.

The guy wants it all to crash so he doesn’t look bad…oooof