All things STOCKS

[Vol8188]

Then what?

Fed time!

What else can they do?

 

[Vol8188]

That was quite a comeback. was down overall close to 3% but ended the day down only .42%. Managed to buy some more JNJ for a good price as well!

I’m down 5-6% over the last 5 trading days

 

[Velo Vol]

What else can they do?

Turn the faucet off on the money supply.

 

[Vol8188]

Turn the faucet off on the money supply.

I don’t see it happening. Low interest rates and inflationary polices are always favored by governments. Especially indebted ones

 

[Velo Vol]

I don’t see it happening. Low interest rates and inflationary polices are always favored by governments. Especially indebted ones

Low interest rates are, inflation is not.

 

[Vol8188]

Low interest rates are, inflation is not.

As inflation rises, it devalues our debt. The last thing the government wants is to increase the value of our debt. They want inflation

 

[05_never_again]

As inflation rises, it devalues our debt. The last thing the government wants is to increase the value of our debt. They want inflation

If inflation rises, investors demand higher interest rates, which means higher interest costs. They don't want that either. It's a balancing act.

What they really want is mild to moderate inflation. They don't want high inflation, and they sure as hell don't want deflation.

 

[Velo Vol]

As inflation rises, it devalues our debt. The last thing the government wants is to increase the value of our debt. They want inflation

You don't need inflation, low interest rates + growth make the debt manageable.

 

[Go aeiou]

If you were ready to jump in, What about those 2 companies was more appealing than many of the other good companies that have experienced a significant pull back?

Nothing. BX is a well managed company, and i own a lot of their stock. BX, JNJ, TGT and COST are my largest holdings.
BA, IMO is not a well run company. I just try to buy low and sell a little higher. That requires patience with BA. It went up about $10/share after I bought today. About 5%

 

[walkenvol]

Interesting that you like retail in Target & Costco better than Amazon which seems to be taking over retail? Will be interesting to see where the market settles out and see where people buy things in 10 years.

 

[mrorange211]

Every rich person I know owns Costco stock.

 

[Go aeiou]

Every rich person I know owns Costco stock.

You know a lot of rich people?

 

[walkenvol]

You know a lot of rich people?

The real question is what determines “rich” these days? During my lifetime having a $million made you rich but not anymore. How many $millions does it now take to be considered “rich”?

 

[Velo Vol]

Picked up VTI and ARKK at the open.

You lead the wave.

 

[overseasorange2]

The real question is what determines “rich” these days? During my lifetime having a $million made you rich but not anymore. How many $millions does it now take to be considered “rich”?

Guessing 3 to 4 mil. Although I heard brokers in California say 8-10.

 

[Thunder Good-Oil]

An individual in the US needs a net wealth of $4.4 million to be among the richest 1% in the world, according to the Knight Frank 2021 Wealth Report. Compared to the rest of the world, the US has the third-highest wealth threshold to break into the 1%.

The net worth of the top 1 percent in the US, other countries

 

[mrorange211]

You know a lot of rich people?

I'd say ten people north of $5 million net worth. They all have Costco. Always have really.

I'm still 35% cash. Waiting on the bottom.

 

[BigOrangeMojo]

I'd say ten people north of $5 million net worth. They all have Costco. Always have really.

I'm still 35% cash. Waiting on the bottom.

I've seen the same thing.

One thing I've done for the past 15+ years or so is buy Costco stock with the annual rebate checks you get from them.

 

[Go aeiou]

I've seen the same thing.

One thing I've done for the past 15+ years or so is buy Costco stock with the annual rebate checks you get from them.

We live on the poor side of Nashville so Costco is 25 miles away. Not worth it for us.
I need to sign up for their dividend reinvestment plan, although you can't buy on dips doing that. Dividend under 1% so not a big deal.

 

[Carp]

The real question is what determines “rich” these days? During my lifetime having a $million made you rich but not anymore. How many $millions does it now take to be considered “rich”?

If you have a million dollars in worth outside of your home, you are rich in my book. You can still retire comfortably with that amount at roughly any age.

 

[BigOrangeMojo]

We live on the poor side of Nashville so Costco is 25 miles away. Not worth it for us.
I need to sign up for their dividend reinvestment plan, although you can't buy on dips doing that. Dividend under 1% so not a big deal.

Have always lived close to one and we went there a lot when kids were younger (buying diapers). The refund checks are pretty similar now as compared to 15 years ago but the stock price isn't.

 

[BigOrangeMojo]

If you have a million dollars in worth outside of your home, you are rich in my book. You can still retire comfortably with that amount at roughly any age.

In Tennessee, it's more than a million dollar net worth but less than 5 to be considered rich. In some rural communities, two million is rich but in areas of Nashville, I would say $2M isn't rich.

 

[mrorange211]

In Tennessee, it's more than a million dollar net worth but less than 5 to be considered rich. In some rural communities, two million is rich but in areas of Nashville, I would say $2M isn't rich.

I'd say this is pretty accurate.

 

[Carp]

In Tennessee, it's more than a million dollar net worth but less than 5 to be considered rich. In some rural communities, two million is rich but in areas of Nashville, I would say $2M isn't rich.

I guess that's true. It probably applies to anywhere in East TN though.

 

[walkenvol]

If you have a million dollars in worth outside of your home, you are rich in my book. You can still retire comfortably with that amount at roughly any age.

Maybe for one pre-Social Security person with a modest standard of living. If you follow the 4% spending rule which in these times of crazy low interest rates many of the financial advisors are saying is no longer dependable sustainable that’s only $40K annually. Property tax, health insurance, auto insurance, auto expenses, etc - $40K will run out pretty fast