Investing • Page 64

about $69 CAD.

 

nice

 

fed is expected to raise rates today

 

It’s weird to me the stock market is rebounding a bit because typically a raise in rates means bad news for the stock market, but “confidence” or some such shit

 

Cautiously optimistic, but it looks like things are rebounding a bit. At one point I was down 50% and now it's "only" 20%.

 

good movie

 

Think the s and p hit the 200 moving average so this bounce is expected. Not sure if or how long it lasts.

 

I'd be surprised if this is anything more than a bear market bounce

 

I mentioned this in passing in another thread, but I start a new job soon and they are offering 50k of company stock. It's paid out in 25% increments every year, so 12.5K the first year. I have never once had company stock so I'm not sure of all the benefits/caveats. Anyone have any advice?

EDIT: Company is already publicly traded

 

Hi is this good to invest money in bitcoin or crypto now a days?

 

Not really? It’s strictly a speculative asset at this point and it’s real life use case is questionable at best. However it’s significantly lower than it was about a year ago and you could potentially get “gains” if it goes back up to that.

 

@sawhney thank you so much for your opinion. really appreciate that

 

Market is tanking. Diamond handsssss

 

man trying to stay long in this market and ignoring the losses cause predicting the bottom never works out is so hard. like I know in a year or two stuff will have recovered so in the grand scheme of things the losses probably don't matter but also like, the worse stuff gets the more painful it feels I didn't dump stuff at the start of the year (or even like, mid august when we had a bit of a recovery)

(not to mention, bad stock market is probably bad news for the midterms which makes it even harder to have long term optimism)

 

Im gonna keep buying the Apple dips and nothing can stop me lol

 

being heavily invested in one stock is something I just don't have the courage for. Like I'm fairly confident that the market as a whole will recover, dow will hit 3500 again... but any one company... idk.

I get microsoft stock cause I work there and hold onto that but even that the market downturns have made me realize I need to rethink my strategy there cause I previously I was just holding onto it a lot cause numbers keep going up free money lol but then after only selling a bit back in November (which, to be fair, was pretty near the top and at least I sold some there) and now watching five digits of potential profits vanish in smoke... definitely wish I wasn't quite as invested and had been less greedy lol -- but like so much of tech value seems to be tied up in speculation and expecting the numbers to keep going up so more people buy it and it keeps going up. and gotta wonder how much of that was pure bubble not actually tied to company fundamentals and even once the market recovers, the tech bubble won't be there anymore

 

I’ve always owned apple stock because I used to work there and I’ve just always seen it come back and beat expectations and continue to grow so it’s really the only company I’d have faith in to do that with. I just bought my first house in part due to my Apple stock lol

 

Man this updated thread made me check my travel stocks yesterday because I hadn’t looked all day, and it was a goddamn bloodbath for them. Carnival’s q4 outlook was bad so all the cruise stocks tanked by like 20% lol

 

"Market was super red today because unemployment fell and that is bad because the fed wants more unemployed people in order to fight inflation"

I mean, I get that republicans wouldn't be any better here. But is this whole choice between jobs/wage growth and inflation a real choice? Or did Biden just put a bunch of neolib fucks in charge of the fed who want to voice that to be the choice because going after the rich is off the table for some magic reason?

 

it is generally accepted economy theory, lower unemployment and higher wages generally means growing economy but also means higher inflation rate, so the thought is to lower inflation, you probably need slower growth.

 

seems kinda fucked up to go "in order for everyone else (but mostly the upper class) to not get beat up by inflation, 5% of you need to not have jobs and the a bunch of rest of you need to have your wages stagnant"

 

Man really realizing how badly I fucked up with bonds over the last few years. Was viewing them as a super safe part of my portfolio to balance out the S&P index fund cause that is what a lot of the beginner investment strategies said to do (just put your age% into bond funds, rest into index funds, don't try to out perform the market because you're likely to fail) but looking back I really should've seen that buying bonds in 2020/2021 had very little possible upside (oh great get what a 1% return? So if you invest 100k you're getting an extra 1000 a year...) with a lot of downside (interest rates aren't going to stay low forever. And while couldn't have predicted them climbing this high this fast... even a small climb would've tanked the price enough that you're losing money on the initial investment). So in hindsight... when rates were that low just holding onto cash (or maybe putting it into a really short bond) feels like it was the far safer option and the advise I was reading probably was written when bonds were actually worth something and my whole "might as well put some stuff into bonds rather than hanging onto cash" was pure idiocy

Goes to show that even when the advice seems simple, take the time to understand what you're doing before investing. Just gotta try to not dwell on the losses and instead just learn more for the future (but like damn... hard not to be like 'why the fuck did you do that you idiot')

I am curious though, obviously I understand now how increasing interest rates will hurt the price of current bonds, but say interest rates stay steady for the next few years. Does the value of my 5-10 year bond fund go back up (as it starts to replace the lower interest rate bonds with newer, higher interest rate bonds, increasing its annual yield and thus making it a more attractive investment) or does it stay the same? Cause obviously, when interest rates were 0%, could really only expect the rates to go up and thus the value of the bonds to go down. But now I'm not sure if the fund only goes up if the interest rates go back down or if even holding flat is good enough to start sending the price back up.