Dona Ferentes
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Economics 101: People respond to incentives
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As someone who professes to drive a Tesla, I would suggest that you have been less affected financially as compared to so many others not so well off as yourself.
There are people who inhabit the bottom 50% of the the income pile whose lives have been shattered, not so much by the pandemic, but by the plethora of over the top regulations and rules imposed by the elites. And the elites never seem to understand why the subjects are not grateful.
Mick
JohnDe
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You Know What They Say, “When You Assume, You Make An …”
You have no idea about my life, other than I "professes to drive a Tesla"
Most of the whining is coming from these pages, from people that 'profess' to be great investors
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You said on this forum that you drive a Tesla, I took your word for it.You Know What They Say, “When You Assume, You Make An …”
You have no idea about my life, other than I "professes to drive a Tesla"
Most of the whining is coming from these pages, from people that 'profess' to be great investors
You don't drive a Tesla and live in the bottom half of the income pile.
Mick
JohnDe
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Yes and that was all I said. From that you have assumed my wealth, age, and life circumstances during the period of my time on this planet.
“When You Assume, You Make An …”
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I never mentioned anything about your age or your life circumstances.
I made an assumption on your wealth given you said drive a Tesla.
Given the cost of teslas, I would suggest its a reasonable assumption.
Mick
JohnDe
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Exactly. "As someone who professes to drive a Tesla, I would suggest that you have been less affected financially as compared to so many others not so well off as yourself."
Haha, John, what a classic! I'm having mental issues but I'm not worried about inflation. How's that, and how did that work?
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effective medications , perhaps
or maybe you have been so worried previously that you have prepared soundly , after all this inflation has been a consequence of the GFC bail-outs ( with no actual remedies applied ) it was always coming due , eventually
Your second sentence hits a note with me, div. I've been prepared for the market to retrace but not inflation..........inflation is the least of my problems....my issues is not having enough faith in the stocks I choose..........too much fear is just as harmful to my mental well being I've discovered.......my mind is willing, but at the same time, it's also playing games with me
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i remember the 1970's very well ( i wasn't abusing substances/herbs like many of my associates back then )
but the retrace AND inflation can co-exist , HOWEVER that is not totally bad for the agile investor ( between 2011 and 2016 i was having a ball with corporate debt/hybrids , not actually junk but companies with higher perceived risk , many were 'blue chips but NOT the big 4 banks )
the market is awash with over-valued/under-performing stocks and ALL investing entails risk , otherwise they wouldn't pay interest/divs to 'borrow your money '
finding the balance between greed and fear is the true art of investing ( the risk v. reward ratio )
if all else fails do what i , do resort to , .... your trusty calculator ( SOMETIMES the math is just compelling )
but the retrace AND inflation can co-exist , HOWEVER that is not totally bad for the agile investor ( between 2011 and 2016 i was having a ball with corporate debt/hybrids , not actually junk but companies with higher perceived risk , many were 'blue chips but NOT the big 4 banks )
a healthy amount of caution is useful as well . i NORMALLY prefer to nibble rather than 'back up to truck '
the market is awash with over-valued/under-performing stocks and ALL investing entails risk , otherwise they wouldn't pay interest/divs to 'borrow your money '
finding the balance between greed and fear is the true art of investing ( the risk v. reward ratio )
if all else fails do what i , do resort to , .... your trusty calculator ( SOMETIMES the math is just compelling )
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JohnDe
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There are good opportunites in times of volatility, divs, if we can find the stocks in a tradeable zone for a profit. Takes a lot of resolve and hard work to make it happen, also, not forgetting faith in one's judgement/ assessment of that stock. The most difficult thing for me is how to stay on course and have the faith, and get the most out of it. Was reading Skate's post today; resonates with me but I need to find a solution to have that 'faith' in myself to trade well. (I have somewhat fallen off the bandwagon lately, spent too much time at work on another site)
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I was looking for Blackadder and Baldrick.
The peasants are revolting, oh, come on, their not that bad...?
The peasants are revolting, oh, come on, their not that bad...?
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i don't have faith to trade , but i CAN see opportunities stock ZYX has the potential to be a solid company ( maybe even grow a bit )
IF it GROWS then i still have enough caution to think about taking SOME money off the table , that is very different from planning for an exit in a week or month ( whether green or red )
JohnDe
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This adds some light on a lot of the issues floating on this thread -
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Not sure if Cathy Wood will get a guernsey as my go to girl for economic advice.
the ARKK ETF that she run hit a high of a Tad over 154 bucks US last February, but is back to 68 now.
As an acive fund manger, hre most recent record is not good.
ARKG, her genomiv ETF fund is down from a high of 115 about the same time last Feb, but sits way down at 46 at last nights close.
Goes to show anyone can make money in a bull market, its when things are going the other way that the best players shine.
ARKG, Mick
the ARKK ETF that she run hit a high of a Tad over 154 bucks US last February, but is back to 68 now.
As an acive fund manger, hre most recent record is not good.
ARKG, her genomiv ETF fund is down from a high of 115 about the same time last Feb, but sits way down at 46 at last nights close.
Goes to show anyone can make money in a bull market, its when things are going the other way that the best players shine.
ARKG, Mick
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to translate that into redneck ...... jobs are going to disappear
the consequence of fewer jobs is less consumption AND the US is a consumer-driven economy
i mightn't have a degree in economics but sometimes i sat next to a future triple PH. D ( including Economics ) at high school
sorry Cathy you didn't sell me
JohnDe
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Just been speaking to one of the prominent 'auctioneers and valuers', said, sadly, business is booming. A lot of businesses have reached the limit, doors are closing, creditors are moving in, equipment is being auctioned off. Pubs, cafe's, fast food shops, even franchises.
What does this mean?
According to some - There is a multi-faced economy; struggling stores can't put prices up as much as they need, unemployed and under-employed can't don't have the buying power. Then you have the other side with people having built up a nice stash of cash over the Covid lockdowns, ready to spend but few opportunities for various reasons including supply shortages. those supply shortages caused by slow production and slow and expensive shipping have not been felt in full yet, again because of Covid limiting buying opportunities and struggling business unable to pass on the full costs.
Soon the cork will be released, ships will be rolling in and unloading, manufacturing will be at full production. There could be an oversupply problem and dampened demand due to low wages.
However, this scenario also opens up a lot of opportunity for the cashed up entrepreneur and young business minded people; take over and modernise.
What does this mean?
According to some - There is a multi-faced economy; struggling stores can't put prices up as much as they need, unemployed and under-employed can't don't have the buying power. Then you have the other side with people having built up a nice stash of cash over the Covid lockdowns, ready to spend but few opportunities for various reasons including supply shortages. those supply shortages caused by slow production and slow and expensive shipping have not been felt in full yet, again because of Covid limiting buying opportunities and struggling business unable to pass on the full costs.
Soon the cork will be released, ships will be rolling in and unloading, manufacturing will be at full production. There could be an oversupply problem and dampened demand due to low wages.
However, this scenario also opens up a lot of opportunity for the cashed up entrepreneur and young business minded people; take over and modernise.
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