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Old 06-27-2016, 11:23 AM  
DaFace DaFace is offline
Kind of a mod
 
Join Date: Aug 2005
Location: Donkey Land
Investing megathread extravaganza

A place to talk about investing stuff.

Last edited by DaFace; 02-19-2021 at 06:35 PM..
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Old 03-16-2020, 05:09 AM   #4111
ChiliConCarnage ChiliConCarnage is offline
TACO SALAD
 
Join Date: Apr 2008
Location: yes
back down 10% before open. That 2018 bottoms been holding but we'll break through at some point. I may buy some here today though

edit:. hold on, we moved reserves to 0? whoa, well, **** me

Last edited by ChiliConCarnage; 03-16-2020 at 05:21 AM..
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Old 03-16-2020, 05:53 AM   #4112
KCUnited KCUnited is online now
Cheat Death
 
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Location: Land of Drincoln
Quote:
Originally Posted by SupDock View Post
I appreciate that feedback. I am in a really unique market where there really are no old homes, and homes are being built at a very very rapid pace. Maybe it's not that unique, but inventory doesn't last long, and hasn't for the last 18 months.

The market in my area is what it troubling me. The prices keep going up and I have some worry that I will get priced out of the market. If I found a resale I like I would not hesitate to buy

I am more curious what your thoughts were on the current economic situation and its effect on home buying and building. Certainly low rates encourage buying, but people may be feeling economically insecure.
I'm currently going through the closing process on a new construction home. I'm putting 28% down and the home appraised for 30K over our purchase price and my b-hole is still puckered thinking about the potential of the home value cratering in the wake of this virus.

That said, there were 3 separate open houses near me (Chicago) yesterday that appeared very active. One in the condo building next to me and 2 in the building across the streets. Have a co-worker who just sold their condo to a cash buyer over the weekend as well. I've been following the market in my zip code and average days active to contract are still very low. So despite social distancing orders and economic fears, people still seem to be turning out for home purchases here.

Of note, I've owned a 100 yr old bungalow that I loved for its charm and craftsmanship, but I get the biggest smile thinking about the custom built, never farted in, floor to ceiling walk-in, dual rainfall, 8-jet, unicorn of showers waiting for me in our new home.
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Old 03-16-2020, 07:34 AM   #4113
lewdog lewdog is offline
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Join Date: Sep 2011
Location: Valley of the hot as ****
Circuit breaker tripped in 5 seconds this morning.
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Old 03-16-2020, 07:54 AM   #4114
O.city O.city is online now
In Search of a Life
 
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We gonna get negative interest rates?
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Old 03-16-2020, 08:07 AM   #4115
Hammock Parties Hammock Parties is online now
I'll be back.
 
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Old 03-16-2020, 08:10 AM   #4116
TinyEvel TinyEvel is offline
Just a li'l Evel
 
Join Date: Sep 2005
Location: Bald. Goatee. Jorts.
Today’s gonna be brutal. Still searching for the bottom. I think a full “stay in your home no matter what except for emergency travel or errands” is coming. The economy is going to see long lasting effects of this.
Several people in my wife’s NY office tested positive over the weekend, after one guy went to the hospital with pneumonia.
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Old 03-16-2020, 09:53 AM   #4117
ReynardMuldrake ReynardMuldrake is offline
2 Legit 2 Colquitt
 
Join Date: Sep 2010
Quote:
Originally Posted by ReynardMuldrake View Post
TVIX up another 30% today. It's the only thing keeping my account in the black.
TVIX up another 50% today. You guys are missing out.
Posts: 4,717
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Old 03-16-2020, 10:01 AM   #4118
Nightfyre Nightfyre is offline
MVP
 
Join Date: Mar 2004
Location: Helena, MT
Bought TQQQ puts Friday, sold after trading resumed. The weekends are bad for the market for the next couple months, I anticipate.
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Old 03-16-2020, 11:04 AM   #4119
Neuromancer Neuromancer is offline
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Join Date: Sep 2019
Quote:
Originally Posted by ReynardMuldrake View Post
TVIX up another 50% today. You guys are missing out.
Do you expect it to keep going up?
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Old 03-16-2020, 11:14 AM   #4120
TwistedChief TwistedChief is offline
Why so serious?
 
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Location: Chicago
Quote:
Originally Posted by O.city View Post
We gonna get negative interest rates?
No.
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Old 03-16-2020, 11:39 AM   #4121
Neuromancer Neuromancer is offline
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What do you guys think of DOG stock
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Old 03-16-2020, 12:18 PM   #4122
MahiMike MahiMike is offline
He's Mahomie!
 
Join Date: Aug 2001
Location: Jax, FL
For those of you in Fidelity 401K and only allowed to buy mutual funds, here's a few I'm getting into:

VTSAX ($75 fee)
FidelityŽ Blue Chip Growth Fund (FBGRX)
FidelityŽ Trend Fund (FTRNX)

Take a look at the performance of those last 5 years. Pretty incredible really. 11-15%/year.

Buy the dip, set and forget. Rule of 7 says 7% doubles every 10 years. 15% every 5.
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Old 03-16-2020, 01:30 PM   #4123
Buehler445 Buehler445 is online now
Supporter
 
Join Date: Apr 2007
Location: Scott City KS
Holy ****. Someone told me that Love Cattle traded limit down, limit up, and closed limit down on the day. I don’t know what the limit is but my God, the margin calls that fools paid today. Christ.
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Old 03-16-2020, 01:59 PM   #4124
SupDock SupDock is offline
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-3k for the day on DJI.
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Old 03-16-2020, 02:09 PM   #4125
ChiliConCarnage ChiliConCarnage is offline
TACO SALAD
 
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Location: yes
The VIX is at like peak Financial Crisis levels. We're getting 10% moves everyday. This is wild
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