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10-Jul-19 4:49pm
#1
Huh
GameTZ Subscriber 250 Trade Quintuple Gold Good Trader Global Trader - willing to trade internationally

How's everyone feeling about it? Personal debt keeps going up (along with government debt), savings are shrinking, wages aren't growing... How are we not headed for a recession?

I listen to Peter Schiff quite a bit and he's predicting Armageddon. Think I'm gonna move my 401k into safer commodities that are recession proof. But they have little to no gain. Thoughts? What are you all doing?

10-Jul-19 5:04pm
#2
Sam
Quadruple Gold Good Trader Has Written 5 Reviews This user is on the site NOW (4 minutes ago)

Converting all my usd to mtg
10-Jul-19 5:24pm
#3
metsfan718
250 Trade Quintuple Gold Good Trader

Recently put a little into gold. And I invested in AMD, Disney and Tesla. I also have a CD account getting about 2.7 percent. I keep a tiny bit of free money on hand.
10-Jul-19 5:34pm
#4
Sam
Quadruple Gold Good Trader Has Written 5 Reviews This user is on the site NOW (4 minutes ago)

Lol Tesla.. Try Ford theyre bringing out electric crap soon and its cheap as fudge right now
10-Jul-19 5:49pm
#5
metsfan718
250 Trade Quintuple Gold Good Trader

Sam wrote:
Lol Tesla.. Try Ford theyre bringing out electric crap soon and its cheap as fudge right now
You can laugh but I got in at $220.

Ford is dead money. The stock has done nothing in a long time.

I think electric cars are actually pointless. But you got to go with the hot hands right now with stocks.
10-Jul-19 6:01pm
#6
Sam
Quadruple Gold Good Trader Has Written 5 Reviews This user is on the site NOW (4 minutes ago)

metsfan718 wrote:
Sam wrote:> Lol Tesla.. Try Ford theyre bringing out electric crap soon and its cheap as fudge> right now You can laugh but I got in at $220. Ford is dead money. The stock has done nothing in a long time. I think electric cars are actually pointless. But you got to go with the hot hands right now with stocks.
* slow nod *
10-Jul-19 6:05pm
#7
Kblazer883
Gold Good Trader Has Written 2 Reviews

metsfan718 wrote:
Sam wrote:> Lol Tesla.. Try Ford theyre bringing out electric crap soon and its cheap as fudge> right now You can laugh but I got in at $220. Ford is dead money. The stock has done nothing in a long time. I think electric cars are actually pointless. But you got to go with the hot hands right now with stocks.
That depends entirely on your investment goals. If you are a short-seller or buy/sell rapidly (under 1yr holding) then you are chasing stock price increases. If you are looking for dividends or growth you tend to go with long-term stocks (>1 yr holding). For short-term gains you would be up $2/share from January to now on Ford stock.
10-Jul-19 6:17pm
#8
devans77
GameTZ Gold Subscriber 300 Trade Quintuple Gold Good Trader Global Trader - willing to trade internationally

I wonder if disney stock will go up when they start the streaming service, thinking about how Netflix stock is triple Disney stock, if the service does good which I'm sure it will then I would expect their stock to boost

10-Jul-19 6:22pm
#9
DefaultGen
GameTZ Gold Subscriber Quadruple Gold Good Trader Gold Global Trader (7) Has Written 5 Reviews

Nintendo games are the only safe investment in an uncertain time.

10-Jul-19 7:18pm
#10
dustin11
Double Gold Good Trader Global Trader - willing to trade internationally

I'm going to continue putting my money into the 3 mutual funds I've been investing in for the past few years now. Even if they drop in value I'll be okay becuase I'll just be able to buy more shares when they're cheap then ride the upward wave once we rebound again. Bunch of my co-workers invested in Microsoft stock ~2 years back when we awarded one of their black projects and we found out what they're working on and how the company plans to implement what they're doing into the cloud space. Back then it was $75/share, today its $138, and what they're doing still has not been announced to the public so theres still lots of room for growth.

As far as the Tesla stock.....I would be very cautious. They've turned a profit like 2 quarters out of 10+ years of existence and when they have been profitable its been because they sell their energy credits to GM, their business itself makes no money and burns though an obscene amount of cash while losing money on every car they sell. Once government subsidies dry up then they're going to have a harder time moving cars (see Hong Kong as an example) and once cheaper EVs hit the market, from manufactures who know how to actually produce cars in large quantities, then Tesla will be at a large disadvantage. Every one of my mutual funds dropped them entirely.
10-Jul-19 7:19pm
#11
Prime
GameTZ Subscriber 250 Trade Quintuple Gold Good Trader Global Trader - willing to trade internationally

Like electric cars plug into the grid which burn fossil fuels to generate the electricity. Wake me up when its solar powered or garbage disposal powered like that doc brown ish from back to the future II
10-Jul-19 7:59pm
#12
whitefire
GameTZ Subscriber 550 Trade Quintuple Gold Good Trader Global Trader - willing to trade internationally

devans77 wrote:
I wonder if disney stock will go up when they start the streaming service, thinking about how Netflix stock is triple Disney stock, if the service does good which I'm sure it will then I would expect their stock to boost
I was against Disney, but their parks and entertainment are exploding. There are pretty reliable rumors they're going to announce an entire new theme park and a HUGE Marvel (maybe MCU) expansion. I'm trying to convince my wife to put around $10k in, but she hates the market.

11-Jul-19 12:58am
#13
metsfan718
250 Trade Quintuple Gold Good Trader

Prime wrote:
Like electric cars plug into the grid which burn fossil fuels to generate the electricity. Wake me up when its solar powered or garbage disposal powered like that doc brown ish from back to the future II
Yep. One main reasons why they are pointless. We are going to run out of both oil and coal probably in the next 100 years. Oil will probably be sooner though.

Other reasons are:

1. The cost of upgrading your homes electrical system.
2. Lack of a place at home to charge the car (Especially in major cities)
3. Lack of part availability.
4. Not enough service centers around the country.

Until we come up with a legitimate alternative to fossil fuels, things will get really bad for generations that are behind us.

11-Jul-19 1:01am
#14
metsfan718
250 Trade Quintuple Gold Good Trader

Kblazer883 wrote:
metsfan718 wrote:> Sam wrote: |>> Lol Tesla.. Try Ford theyre bringing out electric crap soon and its cheap as fudge |>> right now> > You can laugh but I got in at $220. > > Ford is dead money. The stock has done nothing in a long time. > > I think electric cars are actually pointless. But you got to go with the hot hands> right now with stocks. That depends entirely on your investment goals. If you are a short-seller or buy/sell rapidly (under 1yr holding) then you are chasing stock price increases. If you are looking for dividends or growth you tend to go with long-term stocks (>1 yr holding). For short-term gains you would be up $2/share from January to now on Ford stock.
The dividend is the only good thing. But dividends can only be cut.

Short term Tesla is good. Long term, I question their sustainability for sure. People are just jumping on the hype train with it.
11-Jul-19 1:02am
#15
metsfan718
250 Trade Quintuple Gold Good Trader

devans77 wrote:
I wonder if disney stock will go up when they start the streaming service, thinking about how Netflix stock is triple Disney stock, if the service does good which I'm sure it will then I would expect their stock to boost
I think Disney has more room to run. Possibly $200+ in the next year.
11-Jul-19 8:51am
#16
dustin11
Double Gold Good Trader Global Trader - willing to trade internationally

With electric cars, the other issue is their local power grids currently can't even generate enough power during summer time to even support AC units, let alone millions of people trying to charge their cars. Rolling blackouts happen, then what? You're dead in the water and your 80-200 miles available all of a sudden becomes a huge issue if you need to drive to work and haven't' charged in a few days.
11-Jul-19 10:29am
#17
Tony
Double Gold Good Trader

The US economy is in significant flux now because of the moves being made by the White House. Last year's tax cuts were paid for with borrowed money, so the national debt is high. Tariffs have dramatically hurt exports, and billions in tax dollars are bailing out US farmers. The people responsible are saying "short term pain for long term gain", but a lot of other people in more fragile circumstances are going to get seriously hurt in the that short term. There is a lot of money in the stock market right now because rich people are betting on it staying positive, but they will withdraw their money quickly if the current plans don't pan out. And the big players will pull out long before the smaller guys know is happening.

My advisor works for a subsidiary of Wells Fargo and last year he had me move my investments to lower risk, lower reward options. Wells Fargo's outlook is that the market will continue to grow, but the growth is slowing. I'm retired and depend on the income from my investments, so my risk exposure needs to be conservative. My advisor's advice has always been that unless you expect to need the money in the short term, leave it invested in the market. When the last market drop occurred in 2008, John Ramsey said to put your money in the businesses that you expect to be around in 5 years - Wal-mart, McDonald's, etc.

In every historical case when there was a market "crash", economists calculate that if someone had invested in the market the day before the crash they would have been better off 10 years later than if they had put their money in any other investment.
11-Jul-19 11:11am
#18
metsfan718
250 Trade Quintuple Gold Good Trader

Historically the stock market provides the best returns for sure. It has it's ups and downs, but it's still good.

Especially if you have dividend paying stocks. The principle of compounding interest speaks for itself.
11-Jul-19 11:20am
#19
metsfan718
250 Trade Quintuple Gold Good Trader

Disney about $145. Buy in boys.
11-Jul-19 10:30pm
#20
Tony
Double Gold Good Trader

Most investment counselors will tell you never to purchase an individual stock. The risk is much greater than purchasing a mutual fund that includes the stock you want and others to balance out the risk.

That said, I own two individual stocks. As a depositor, I was allowed to buy my local bank in their IPO. This was a great investment. The other individual stock I own is AT&T. My mom worked for AT&T for over 30 years and the stock was part of her retirement compensation. She put my name on the brokerage account before she died and I bought it all from her estate when she died by paying my brothers and sisters their share of the value in cash. This stock has been a little more volatile, but like I told my investment counselor "Mom would come back to haunt me if I sold it." My daughter will probably inherit it from me.

I bought Papa John's a year or two after their IPO. The price doubled from $30/share to $60/share, then split to twice as many shares at $30/share again. It went up to about $33/share, and I put a stop loss on it at $30. Just before everything went south, the stop loss was triggered and I had doubled my money in about 7-8 years. It ended up going as low as about $13 share, and I was very tempted to buy it back again. I think it is around $50/share now.
11-Jul-19 11:28pm
#21
dustin11
Double Gold Good Trader Global Trader - willing to trade internationally

One I really wish I would have moved on was Ferrari when they bought themselves back from I think it was Fiat. In 2016 it was down to $35 a share when I was thinking of buying it and decided to pass, today it closed at $166

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