Horseman 2,370 Posted March 1 4 minutes ago, TrailGuy said: Tony need a coupon to do his own taxes Don't need. I'm independently wealthy. But being thirfty is one of the ways I reached that goal. You'll never understand, you're poor and handicapped. Probably get government assistance. Did you work today? From home, "non-essential " because of bathroom issues? I didn't. I'm retired. Did I mention I'm quite a bit younger than you? Oh, and BTW, you never got your CPA so you aren't qualified to do my taxes. 1 Share this post Link to post Share on other sites
easilyscan 868 Posted March 1 17 hours ago, Horseman said: But being thirfty is one of the ways I reached that goal. Nailed it. I did my own taxes without software until 1999. Since my account at Fidelity was growing, it was becoming a pain to enter the LT capital gains, ST capital gains, dividends, interest, etc. That year I decided to go to an accountant. Probably took a total of 20 minutes. Got the bill a week later $180 The next year, Fidelity gave me a free copy of TurboTax deluxe. I was hesitant, but I decided WTF, I'll give it a go. It worked out, & felt very satisfying to not have to pay some a hole $180 to get it done. I quit getting the free copy of TT 3 or 4 years later, but continued to use it. I can't begin to imagine how much that guy would charge me for my 2024 return ? I would guess my average annual cost for doing them myself over the past 20 years would be around $45. Even though I don't always like the end result, I actually look forward to doing my taxes every year. Unreal how so many people who have fairly easy returns, go to places like H&R Block. I think the minimum there is around $200 now. Share this post Link to post Share on other sites
easilyscan 868 Posted March 3 Added small amounts of Google & SOXL near the close. Share this post Link to post Share on other sites
Gepetto 1,291 Posted March 3 4 minutes ago, Cdub100 said: It's happening It's because Ukraine won't end the war, and the war is a result of Biden's foreign policy while VP and POTUS. 2 Share this post Link to post Share on other sites
Hardcore troubadour 14,960 Posted March 3 5 minutes ago, Cdub100 said: It's happening What’s the bottom? Share this post Link to post Share on other sites
thegeneral 2,939 Posted March 3 Only took one month of bozo in office. Impressive! Share this post Link to post Share on other sites
jbycho 608 Posted March 3 1 minute ago, thegeneral said: Only took one month of bozo in office. Impressive! Broke guy telling others they are suffering financially. 1 Share this post Link to post Share on other sites
Cdub100 3,843 Posted March 3 3 minutes ago, Hardcore troubadour said: What’s the bottom? Dunno. I'm seeing companies like Nvida have massive earns only for them to keep crashing down The fed does not want a crash. The will start QE soon, but I'm not sure it will be enough. Plus that will bring back inflation. I just don't see how we get out of this without a huge crash. Share this post Link to post Share on other sites
The Real timschochet 6,448 Posted March 3 8 minutes ago, Gepetto said: It's because Ukraine won't end the war, and the war is a result of Biden's foreign policy while VP and POTUS. Sure. But I think the tariffs are a much bigger catalyst don’t you? Share this post Link to post Share on other sites
Gepetto 1,291 Posted March 3 I wish they just let it crash. Share this post Link to post Share on other sites
thegeneral 2,939 Posted March 3 3 minutes ago, jbycho said: Broke guy telling others they are suffering financially. 14 minutes ago, Cdub100 said: It's happening You two should talk. Share this post Link to post Share on other sites
Gepetto 1,291 Posted March 3 Just now, The Real timschochet said: Sure. But I think the tariffs are a much bigger catalyst don’t you? Difficult to judge that. I'm not well read on the subject. My opinion is 'no' though. Share this post Link to post Share on other sites
thegeneral 2,939 Posted March 3 3 minutes ago, Cdub100 said: Dunno. I'm seeing companies like Nvida have massive earns only for them to keep crashing down The fed does not want a crash. The will start QE soon, but I'm not sure it will be enough. Plus that will bring back inflation. I just don't see how we get out of this without a huge crash. NVDA is up 33% over the past year, 300% over the past two years. People are taking profits. Share this post Link to post Share on other sites
Ron_Artest 1,083 Posted March 3 2 minutes ago, Gepetto said: Difficult to judge that. I'm not well read on the subject. Clearly if you think that the war continuing hurts the market. Share this post Link to post Share on other sites
Mark Davis 339 Posted March 3 7 minutes ago, Cdub100 said: Dunno. I'm seeing companies like Nvida have massive earns only for them to keep crashing down The fed does not want a crash. The will start QE soon, but I'm not sure it will be enough. Plus that will bring back inflation. I just don't see how we get out of this without a huge crash. I'm not sure given where we are on inflation that the fed can take action to lower rates such as in a QE. Like you mentioned, that would ramp up inflation. Share this post Link to post Share on other sites
thegeneral 2,939 Posted March 3 When dumbo lifts the tariffs there will be a nice bounce. Share this post Link to post Share on other sites
Cdub100 3,843 Posted March 4 59 minutes ago, thegeneral said: NVDA is up 33% over the past year, 300% over the past two years. People are taking profits. It's weird how things crash when everything is up. NVDA just had an amazing earnings call. They blew it out of the water. But it still wasn't enough. The stock was 130. Down from 150. It's currently 114. By all accounts this company should continue to climb. but it's dropping every day. This is more than simple profit-taking. The market is due for a big correction... IF the fed allows it. Que the money printer in Q2. Share this post Link to post Share on other sites
thegeneral 2,939 Posted March 4 8 minutes ago, Cdub100 said: It's weird how things crash when everything is up. NVDA just had an amazing earnings call. They blew it out of the water. But it still wasn't enough. The stock was 130. Down from 150. It's currently 114. By all accounts this company should continue to climb. but it's dropping every day. This is more than simple profit-taking. The market is due for a big correction... IF the fed allows it. Que the money printer in Q2. There has been a monumental run up for a couple years now. People getting nervous about Trump’s tariffs, bad economic data are taking profits off stocks. People are very skiddiish at the moment. These big tech companies and trades have been detached from earnings quite a bit. For NVDA they have one thing -Ai and the idea that the other tech companies are going to keep plowing money into it. Mix in dumbo’s chip tariffs and it was due a giant haircut. A few weeks back it was the hint of some Chinese company with a product that could limit the need for NVDA’s products. Share this post Link to post Share on other sites
jbycho 608 Posted March 4 1 hour ago, thegeneral said: When dumbo lifts the tariffs there will be a nice bounce. You don't control the tariffs gutterboy. How are you going to lift them? Share this post Link to post Share on other sites
thegeneral 2,939 Posted March 4 5 minutes ago, jbycho said: You don't control the tariffs gutterboy. How are you going to lift them? So painfully dumb. Share this post Link to post Share on other sites
Cdub100 3,843 Posted March 4 11 minutes ago, thegeneral said: There has been a monumental run up for a couple years now. People getting nervous about Trump’s tariffs, bad economic data are taking profits off stocks. People are very skiddiish at the moment. These big tech companies and trades have been detached from earnings quite a bit. For NVDA they have one thing -Ai and the idea that the other tech companies are going to keep plowing money into it. Mix in dumbo’s chip tariffs and it was due a giant haircut. A few weeks back it was the hint of some Chinese company with a product that could limit the need for NVDA’s products. I see more than a hair cut. Share this post Link to post Share on other sites
easilyscan 868 Posted March 4 47 minutes ago, Cdub100 said: The fed does not want a crash. The will start QE soon, but I'm not sure it will be enough. Plus that will bring back inflation. I'm no expert on the history of the federal reserve, but it seems like in the past (by that I mean pre-Y2K) they stuck to the job at hand & their main concern was doing right for the economy as a whole, not coddling the financial markets every time there's a blip on the radar. It's not popular, but I'm with Gepetto Quote I wish they just let it crash. Isn't a big part of the reason inflation got so high because the federal reserve played the zero interest rate game for over a decade ? Are we certain that's good for stocks ? (long term) Japan has played the zero interest rate game for at least 4 decades. Japan's equivalent to our Dow Jones industrial average, the Nikkei 225, hit an all-time high of 38K in 1990. 35 years later it's at 38K Inflation has come down, but only the rate. I'm not sure why so many people are calling for the Fed to cut rates, & take the chance of reigniting it. My theory of why the federal reserve has gone from doing what's best for the economy as a whole, & instead focusing on the markets goes something like this. Go back 45 years (1980) 46% of workers in the private sector (non-government jobs) had a pension plan. By 2024, it was down to 15%, a drop of -67.39% Common knowledge here, but the nation has moved towards people in the private sector creating their own pensions via 401(k)-IRA, etc For that reason, I suppose it makes sense for the feds to try their best to assure the markets do well. On the other hand, as Cdub & I already mentioned, if the Fed fills the economy with cheap money, it will most likely reignite inflation. Not sure what would trigger it, but I believe a day is coming where our elected officials (on both sides) will have no choice but to make some very unpopular decisions regarding debt. If that figure it was only the 36 trillion quoted nowadays, we might have a chance to address it now with a little pain shared by all. Add current and future unfunded liabilities relating to Social Security and Medicare (175 trillion) & I see no way that this is going to end other than very badly. Hope I'm wrong. Share this post Link to post Share on other sites
easilyscan 868 Posted March 4 22 minutes ago, thegeneral said: For NVDA they have one thing -Ai and the idea that the other tech companies are going to keep plowing money into it. I made a lot of money on SOXL by purchasing it when the AI hype began. Could've made a huge amount, but didn't get out anywhere near the top. You mentioned Nvidia being the king of AI, and you're absolutely right. The problem (bubble) began when people believed all the semiconductor stocks in the ETF were going to enjoy the same success as the King. It didn't work out that way. Intel is a great example. Share this post Link to post Share on other sites
Cdub100 3,843 Posted March 4 I don't want to be bearish. But I just don't see how we can keep going up. Share this post Link to post Share on other sites
thegeneral 2,939 Posted March 4 13 minutes ago, Cdub100 said: I see more than a hair cut. There is still plenty of room to go down. Share this post Link to post Share on other sites
Cdub100 3,843 Posted March 4 Just now, thegeneral said: There is still plenty of room to go down. Bears sound smart. Bulls get rich. It's why I keep going back and forth. I just moved all my investments into safety. Let's see what happens. Share this post Link to post Share on other sites
thegeneral 2,939 Posted March 4 6 minutes ago, Cdub100 said: Bears sound smart. Bulls get rich. It's why I keep going back and forth. I just moved all my investments into safety. Let's see what happens. I mean it’s safe. There are also middles as well. Doesn’t have to be all in one way or other. Share this post Link to post Share on other sites
Cdub100 3,843 Posted March 4 1 minute ago, thegeneral said: I mean it’s safe. There are also middles as well. Doesn’t have to be all in one way or other. I was taking out 10% every month since October. I paused my removal in January and February. Today I moved the rest out. Share this post Link to post Share on other sites
easilyscan 868 Posted March 4 6 minutes ago, Cdub100 said: I don't want to be bearish. But I just don't see how we can keep going up. I'm sure you're aware that the Dow Jones Industrial Average only consists of 30 companies & that a ridiculously disproportionate % of the gains in the S&P 500 & Naz are due to the magnificent 7 ruling for the past 1.5 decades. Point being, that just because the averages are doing well doesn't mean all stocks are doing the same. Some beaten down sectors like food....................................(ConAgra, Kraft/Heinz, Mondelez Etc,) have been rallying since tech started to teeter. Will that continue, wish I knew. Share this post Link to post Share on other sites
Beaker15 233 Posted March 4 27 minutes ago, Cdub100 said: I don't want to be bearish. But I just don't see how we can keep going up. We are still in a bull market with low unemployment, solid corporate earnings, and accommodative Fed, moderating inflation and a huge investment in AI that is not going anywhere. Tariffs are the wild card but I see them as a negotiating tool more than anything and they will not be on long enough to cause any substantial reduction in growth or increase in inflation. Share this post Link to post Share on other sites
Cdub100 3,843 Posted March 4 13 hours ago, Beaker15 said: We are still in a bull market with low unemployment, solid corporate earnings, and accommodative Fed, moderating inflation and a huge investment in AI that is not going anywhere. Tariffs are the wild card but I see them as a negotiating tool more than anything and they will not be on long enough to cause any substantial reduction in growth or increase in inflation. Non of that matters imo. I just talked about nvda and their amazing earning not being enough. Share this post Link to post Share on other sites
Beaker15 233 Posted March 4 2 hours ago, Cdub100 said: Non of that matters imo. I just talked about nvda and their amazing earning not being enough. S&P 500 will be positive in 2025 so that is all that matters to me Share this post Link to post Share on other sites
jbycho 608 Posted March 4 3 minutes ago, Beaker15 said: S&P 500 will be positive in 2025 so that is all that matters to me See how easy that is? Share this post Link to post Share on other sites
HTH 93 Posted March 4 Thinking about going ALL CASH How long should I wait before doing so? Share this post Link to post Share on other sites
HTH 93 Posted March 4 US Signals Possible Tariff Relief for Canada, Mexico https://www.bloomberg.com/news/newsletters/2025-03-04/us-signals-possible-tariff-relief-for-canada-mexico Share this post Link to post Share on other sites
HTH 93 Posted March 6 I think I'm going ALL CASH tonight. Anyone else think we're headed for a recession with this America First strategy? Share this post Link to post Share on other sites
