bbb Posted July 13, 2020 Posted July 13, 2020 2 hours ago, Buffalo_Gal said: "WH wants to knock down $600 plus-up" - What does plus-up mean?
Buffalo_Gal Posted July 13, 2020 Posted July 13, 2020 (edited) 2 minutes ago, bbb said: "WH wants to knock down $600 plus-up" - What does plus-up mean? Bonus (the $600 in addition to standard unemployment benefits...) Edited July 13, 2020 by Buffalo_Gal 1
SectionC3 Posted July 13, 2020 Posted July 13, 2020 But for the Big Five tech stocks the market it stagnant since 2017. Lots of dead money! So much winning!
Chef Jim Posted July 13, 2020 Posted July 13, 2020 6 minutes ago, SectionC3 said: But for the Big Five tech stocks the market it stagnant since 2017. Lots of dead money! So much winning! Define "The Market"?
Cinga Posted July 13, 2020 Posted July 13, 2020 2 minutes ago, Chef Jim said: Define "The Market"? It's just a convenient and ignorant way for the left to say "the stock market crashed" and it's all Trump's fault! Ignoring the fact it is the biggest crash and turn around within a 6 month period in the history of the stock market. Not sure about y'all but my 401K is back where it was before Covid19 now and that's after an almost 20% drop 1
Chef Jim Posted July 13, 2020 Posted July 13, 2020 8 minutes ago, Cinga said: It's just a convenient and ignorant way for the left to say "the stock market crashed" and it's all Trump's fault! Ignoring the fact it is the biggest crash and turn around within a 6 month period in the history of the stock market. Not sure about y'all but my 401K is back where it was before Covid19 now and that's after an almost 20% drop If you were dollar cost averaging in this whole time (which most people were in their 401k's) you're likely higher than you were pre-Covid. 4
Cinga Posted July 14, 2020 Posted July 14, 2020 5 hours ago, Chef Jim said: If you were dollar cost averaging in this whole time (which most people were in their 401k's) you're likely higher than you were pre-Covid. I stand corrected. I don't check it often but I just did when I saw this and while it's not a lot you're right, it is higher than pre-covid now. ? 2
SectionC3 Posted July 14, 2020 Posted July 14, 2020 19 hours ago, Chef Jim said: Define "The Market"? Wilshire 5000. 19 hours ago, Cinga said: It's just a convenient and ignorant way for the left to say "the stock market crashed" and it's all Trump's fault! Ignoring the fact it is the biggest crash and turn around within a 6 month period in the history of the stock market. Not sure about y'all but my 401K is back where it was before Covid19 now and that's after an almost 20% drop I’m killing it (not as much today as I was two days ago) because it’s a picker’s market and I’m overweight in individual techs (AMZN and GOOG, in front of a Fidelity tech index). The same tech companies that Trump is laying off of now because they’re about the only thing driving the market. Aside from AMZN, AAPL, GOOG, FB, MSFT, NFLX, and TSLA, what’s performing well right now? Not much.
billsfan1959 Posted July 14, 2020 Posted July 14, 2020 4 hours ago, SectionC3 said: I’m killing it (not as much today as I was two days ago) because it’s a picker’s market and I’m overweight in individual techs (AMZN and GOOG, in front of a Fidelity tech index). The same tech companies that Trump is laying off of now because they’re about the only thing driving the market. Aside from AMZN, AAPL, GOOG, FB, MSFT, NFLX, and TSLA, what’s performing well right now? Not much. I wish I was more knowledgeable about the market and investments. I have no idea why; however, financial matters make my eyes glaze over. I pulled all my money (My Thrift Account) out of the market when it first started to drop in Mid Feb. I have never touched it as I have always looked at the market as a long term thing. However, given the virus, the uncertainty about the election, etc., I thought I would just put it somewhere safe until I feel some stability. Probably the wrong move....
SectionC3 Posted July 14, 2020 Posted July 14, 2020 Just now, billsfan1959 said: I wish I was more knowledgeable about the market and investments. I have no idea why; however, financial matters make my eyes glaze over. I pulled all my money (My Thrift Account) out of the market when it first started to drop in Mid Feb. I have never touched it as I have always looked at the market as a long term thing. However, given the virus, the uncertainty about the election, etc., I thought I would just put it somewhere safe until I feel some stability. Probably the wrong move.... Maybe, maybe not. You might have timed the departure well. Who knows about jumping back in. It depends on where you are in life, what your goals are, what your needs are, etc. The wealth transfer prompted by the pandemic is ridiculous, though. I’ve made absurd money in the last four months (and given some back in the last couple of days, to be sure) while other people are scrounging for bucks to pay for groceries. And others who plodded along in an S&P index or large cap index are probably up a bit, but probably not up enough to justify the risk they’ve taken over the past couple of months. In any event, it’s not right. No matter what happens in November this disconnect between the true economy, the market, the haves, and the have-nots is something we have to address. Everyone who reads this (unless you’re Terry Pegula or part of the Bills brass) is on the wrong end of what’s going on here. We’re all working for peanuts, just in varying degrees, and the last four months have just made it worse. 1
Unforgiven Posted July 15, 2020 Posted July 15, 2020 On 7/14/2020 at 3:11 PM, SectionC3 said: Maybe, maybe not. You might have timed the departure well. Who knows about jumping back in. It depends on where you are in life, what your goals are, what your needs are, etc. The wealth transfer prompted by the pandemic is ridiculous, though. I’ve made absurd money in the last four months (and given some back in the last couple of days, to be sure) while other people are scrounging for bucks to pay for groceries. And others who plodded along in an S&P index or large cap index are probably up a bit, but probably not up enough to justify the risk they’ve taken over the past couple of months. In any event, it’s not right. No matter what happens in November this disconnect between the true economy, the market, the haves, and the have-nots is something we have to address. Everyone who reads this (unless you’re Terry Pegula or part of the Bills brass) is on the wrong end of what’s going on here. We’re all working for peanuts, just in varying degrees, and the last four months have just made it worse. This has been going on a lot longer than the last 4 years.
SectionC3 Posted July 15, 2020 Posted July 15, 2020 31 minutes ago, Unforgiven said: This has been going on a lot longer than the last 4 years. Sure. But it’s been amplified perhaps exponentially in the last six months.
plenzmd1 Posted July 15, 2020 Posted July 15, 2020 On 7/13/2020 at 2:57 PM, SectionC3 said: But for the Big Five tech stocks the market it stagnant since 2017. Lots of dead money! So much winning! that's not even close to true. while we own all the ones you stated outside TSLS and FB..our portfolio of about 25 stocks has been doing just fine since 17, and through this pandemic. Just to name a few winners driving our portfolio since then ADP, Adobe, Crown Castle, Okta, Coupa , Costco, Target...all massive winners the last 4 years Having said that, no doubt the lockdowns have widened the wealth gap...unintended consequences by those who only response to an issue is "Trump wants open? Thats all i needed to know we need to stay locked down"
Chef Jim Posted July 15, 2020 Posted July 15, 2020 On 7/14/2020 at 7:29 AM, SectionC3 said: Wilshire 5000. How has the index performed over the past 3.5 years minus FAANG?
SectionC3 Posted July 15, 2020 Posted July 15, 2020 40 minutes ago, Chef Jim said: How has the index performed over the past 3.5 years minus FAANG? Not terribly well, minus AMZN, AAPL, GOOG, and FB. https://wolfstreet.com/2020/07/11/wild-ride-to-nowhere-appl-msft-amzn-goog-and-fb-soar-to-new-high-rest-of-the-stock-market-is-a-dud-has-been-for-years/ 1 hour ago, plenzmd1 said: that's not even close to true. while we own all the ones you stated outside TSLS and FB..our portfolio of about 25 stocks has been doing just fine since 17, and through this pandemic. Just to name a few winners driving our portfolio since then ADP, Adobe, Crown Castle, Okta, Coupa , Costco, Target...all massive winners the last 4 years Having said that, no doubt the lockdowns have widened the wealth gap...unintended consequences by those who only response to an issue is "Trump wants open? Thats all i needed to know we need to stay locked down" Sure there’s hyperbole there. There’s more winners then the basket that I mentioned. But what’s driving growth right now? Big tech. Big time. Bottom line.
dubs Posted July 15, 2020 Posted July 15, 2020 On 7/14/2020 at 10:29 AM, SectionC3 said: Wilshire 5000. I’m killing it (not as much today as I was two days ago) because it’s a picker’s market and I’m overweight in individual techs (AMZN and GOOG, in front of a Fidelity tech index). The same tech companies that Trump is laying off of now because they’re about the only thing driving the market. Aside from AMZN, AAPL, GOOG, FB, MSFT, NFLX, and TSLA, what’s performing well right now? Not much. ha. Nice try! good work googling US Market Index and Best Performing Stocks though. Do you know what a stock is, btw?
SectionC3 Posted July 15, 2020 Posted July 15, 2020 1 minute ago, dubs said: ha. Nice try! good work googling US Market Index and Best Performing Stocks though. Do you know what a stock is, btw? My portfolio says I do. Let’s hear your advice, big boy.
plenzmd1 Posted July 15, 2020 Posted July 15, 2020 16 minutes ago, SectionC3 said: Not terribly well, minus AMZN, AAPL, GOOG, and FB. https://wolfstreet.com/2020/07/11/wild-ride-to-nowhere-appl-msft-amzn-goog-and-fb-soar-to-new-high-rest-of-the-stock-market-is-a-dud-has-been-for-years/ Sure there’s hyperbole there. There’s more winners then the basket that I mentioned. But what’s driving growth right now? Big tech. Big time. Bottom line. Big tech is driving it cause that where the growth is now. Certainly not rocket science, and not something that is only pandemic driven. give ya hint, ala the Graduate. Solar , EV, Autonomous Driving. 5 years from now are the big tech of today.
SectionC3 Posted July 15, 2020 Posted July 15, 2020 3 minutes ago, plenzmd1 said: Big tech is driving it cause that where the growth is now. Certainly not rocket science, and not something that is only pandemic driven. give ya hint, ala the Graduate. Solar , EV, Autonomous Driving. 5 years from now are the big tech of today. Sure. Of course tech isn’t purely pandemic-driven. But that is a part of it. Look at Amazon’s meteoric growth. NFLX, same deal. Google probably as well, although I don’t pay as much attention to it. And the rest of the market is in bad shape. Take out big tech and it’s flat over an extended period. That’s beyond debate.
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