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Post by nhmountains on Oct 16, 2018 17:04:54 GMT -6
At my age, I drink what ever somebody hands me..... I owe you and SD way more than one beer. You guys got me redirected on investments this year and it worked!! Thank you!! |
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Post by Foggy on Oct 24, 2018 20:04:29 GMT -6
The sell-off today put us back to almost exactly where we were six months ago. ( But I do pull 4% annually from the amount we have.....so I suppose we are "up" 2% or so). I think this is a bear trap. No fundamentals are broken.....stay calm......IMO. Investors are good.....specualators, timers, and traders can make a buck if they get on the right side of the swings. Not easy to do. Good luck!
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Post by MoBuckChaser on Oct 25, 2018 4:20:52 GMT -6
The sell-off today put us back to almost exactly where we were six months ago. ( But I do pull 4% annually from the amount we have.....so I suppose we are "up" 2% or so). I think this is a bear trap. No fundamentals are broken.....stay calm......IMO. Investors are good.....specualators, timers, and traders can make a buck if they get on the right side of the swings. Not easy to do. Good luck! Yep, almost another buying opportunity. Watch the fundamentals, not the TV!
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Post by sd51555 on Oct 25, 2018 6:31:18 GMT -6
The market as a whole has finally fallen 10% through yesterday. However, there are giants of industry that have had 25+% taken off their highs for pretty much no reason. Woke up this morning to a near perfect list of earnings beats in the news. Amazon, Google, and Tractor Supply report today, and they're likely going to crush their results like they always do.
Tractor Supply already released, and they are back on track to solid growth and profitability.
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Post by Freeborn on Oct 25, 2018 7:06:17 GMT -6
Friday they will release GNP numbers. I know Trump wants 4% but we might be better off with 3.8. The fed has been aggressive considering no signs of inflation.
the increase in rates might have something to do with the fact we have so far to go to get back to what has been considered normal rates. I think with our national debt there is a new norm and it's well below historical levels.
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Post by Freeborn on Oct 26, 2018 8:51:56 GMT -6
GDP of 3.5, consumer spending up and inflation at basically zero. Only week spot is capital spending. Considering we had bad hurricanes in Q3 these are good number.
Hopefully the fed communicates a better message regarding interest rates. Now we just need to get past this mid-term election.
I sure don't see a recession or reasons for allot more downwards pressure on the markets.
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Post by sd51555 on Oct 26, 2018 9:00:16 GMT -6
GDP of 3.5, consumer spending up and inflation at basically zero. Only week spot is capital spending. Considering we had bad hurricanes in Q3 these are good number. Hopefully the fed communicates a better message regarding interest rates. Now we just need to get past this mid-term election. I sure don't see a recession or reasons for allot more downwards pressure on the markets. Yep, I don't ever remember seeing this kind of action on almost no news. Lots of shit on sale right now. Lots of tricks being played trying to sway the outcome of the election, and the financial markets are part of it. For being a numbers business, they are doing some very shady shit with their reporting. For example, all market movements to the downside are reported in points, and not percentages. There's lots of red graphics and alerts. When the Dow was at 10,000, a 300 point drop was a big deal because that was 3%. Now, a 300 point drop is hardly over 1%, but they keep comparing these point movements to periods of time when the indexes were a third of the size they are now. When the dow shits out over 900 points in a day, I'll say their hand wringing is justified. |
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Post by Foggy on Oct 26, 2018 9:12:01 GMT -6
GDP of 3.5, consumer spending up and inflation at basically zero. Only week spot is capital spending. Considering we had bad hurricanes in Q3 these are good number. Hopefully the fed communicates a better message regarding interest rates. Now we just need to get past this mid-term election. I sure don't see a recession or reasons for allot more downwards pressure on the markets. Yep, I don't ever remember seeing this kind of action on almost no news. Lots of shit on sale right now. Lots of tricks being played trying to sway the outcome of the election, and the financial markets are part of it. For being a numbers business, they are doing some very shady shit with their reporting. For example, all market movements to the downside are reported in points, and not percentages. There's lots of red graphics and alerts. When the Dow was at 10,000, a 300 point drop was a big deal because that was 3%. Now, a 300 point drop is hardly over 1%, but they keep comparing these point movements to periods of time when the indexes were a third of the size they are now. When the dow shits out over 900 points in a day, I'll say their hand wringing is justified. The markets have always reported point swings rather than percentages. Even when the Dow was at 500.....they would report points rather than %. It didn't make sense then.....and dont make sense now. Most folks with just a little savvy are smarter than this. Sometimes the markets just look for a reason to make a swing. Seems this is one of those times. It's been one of the longest runs ever. Statistically you gotta have some corrections at some point. |
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Post by sd51555 on Oct 26, 2018 9:14:42 GMT -6
Amazon reported yesterday, and they're getting clobbered today. Here are the high points.
Revenue up 30% over same quarter last year.
Profit came in at $5.75/share vs 52 cents last year (+1006%).
They got clobbered because they're only forecasting a 15% growth in revenue for the fourth quarter holiday season. For a company almost 20 years old and doing nearly a quarter trillion in revenue a year, I'm damn impressed they can still eat an entire fortune 500 company in market share growth each quarter.
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Post by MoBuckChaser on Oct 27, 2018 8:39:42 GMT -6
Alright Foggy or anyone else that’s retired. Most of us have our normal routine and spending habits the last ten years before retirement. Do guys spend more money after retirement, less or about the same each year do you think?
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Post by Foggy on Oct 27, 2018 9:20:24 GMT -6
Alright Foggy or anyone else that’s retired. Most of us have our normal routine and spending habits the last ten years before retirement. Do guys spend more money after retirement, less or about the same each year do you think? Were a bit different than many others......I think. The sale of my business allowed us to do things we might not have done otherwise. We always squeezed our nickles and saved money while we were working. Never figured I'd have "enough"......and I thought I would own my biz until I tipped over. But, I did like my work. I think we are spending considerably more money in retirement than before. We eat out allot, we play golf allot, we travel allot......all things we would not HAVE to do.....but we are doing them in retirement and we did not do this as much when we were working. Before selling my biz.....I had never considered owning a 2nd home in OZ. ( We did however have a lake cabin for many years.....so we did have a 2nd place.). When we were working.....my business was able to pay for many things and I could write them off. (R&D baby!). All my guns and hunting trips were a tax deduction.  . I had the business buying new 4x4 SUV"s and my gas. Many meals were on the company (business). All in all.....I think we spend 30% or more in retirement over pre-retirement years now. We didn't do that so much early on (we were conditioned to be frugal) .....but as we became "comfortable" with our spending habits and retirement income we can see that we have a good plan. My wife and I really struggled with selling the biz and early retirement. Now?? .....I dont know what we were thinking. Retirement has been good for us.  . FORE! |
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Post by Foggy on Oct 27, 2018 9:26:22 GMT -6
^. Gotta add. There are allot of folks living here in our community in OZ that moved here from the north. Almost everyone that lives in OZ is from the North Country - from Ohio west to Washington....and lots of Canadians too. It's far cheaper to live here than it is in MN. No warm clothing, low utilities, not as good of a home needed, etc. But they do suffer in the summer if they do not have some travel plans or a place where it's cooler. Most of them adapt pretty well. Lots to do and see here.....and you dont have to have to eat out or spend allot of money. Many of my neighbors keep a tight budget and are happy in retirement.
These places are FULL of people from the north.....and you wont hear any of them that would consider moving back north. Something to consider.
To me living here in the desert is great....and a very healthy lifestyle. Lots of folks here have a place up near "Pinetop" at a higher elevation. They go there in the heat of the summer.....or travel a bit. Sitting at home in retirement is not my cup of tea. FORE!
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Post by MoBuckChaser on Oct 27, 2018 19:45:15 GMT -6
With a grand baby coming the cuda wants to keep this farm next door to the baby. But she still wants a place south. Do I really want 3 fricken houses to keep up with. I am getting old. Don't know if I want that!
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Post by Catscratch on Oct 27, 2018 19:58:49 GMT -6
I have 3 houses. Rent 2 of them out. I hate both of those properties! But... I bet what the Barracuda want for the grandchildren... is what the Barracuda gets.
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Post by MoBuckChaser on Oct 27, 2018 20:24:09 GMT -6
I have 3 houses. Rent 2 of them out. I hate both of those properties! But... I bet what the Barracuda want for the grandchildren... is what the Barracuda gets.Yep, won't bet you on that one. |
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. I had the business buying new 4x4 SUV"s and my gas. Many meals were on the company (business). 
. FORE!