Discussion ***Official*** 2022 Stock Market Thread

[Captante]

It's okay if there isn't any interest and people pay on time. Similar to 0% credit card purchases.

That is key with the vast majority of financing arrangements!

 

[Red Squirrel]

With inflation it probably does make sense to put stuff on credit knowing that it will cost more if you wait. That's kinda what I've been doing, if there's anything I know I'll need I just buy it now. Been buying a lot of power tools and such because I could totally see prices of batteries and motors shoot up since lithium and copper are both very expensive now days.

I would never buy through a rent to own setup though. You normally end up paying like 2x, if more, than the original price, so even that will get you higher than inflation. That would be a lucrative business to get into though... setup a rent to own hardware store. Call it Hardware Shark.

 

[FelixDeCat]

With inflation it probably does make sense to put stuff on credit knowing that it will cost more if you wait. That's kinda what I've been doing, if there's anything I know I'll need I just buy it now. Been buying a lot of power tools and such because I could totally see prices of batteries and motors shoot up since lithium and copper are both very expensive now days.

I would never buy through a rent to own setup though. You normally end up paying like 2x, if more, than the original price, so even that will get you higher than inflation. That would be a lucrative business to get into though... setup a rent to own hardware store. Call it Hardware Shark.

We may have to go back to simple, unpowered hand tools.

 

[Red Squirrel]

We may have to go back to simple, unpowered hand tools.

I suppose one advantage is perhaps people are going to want to fix stuff more now instead of just buying new. When something like a drill is under $200 it's hard to justify trying to source parts to fix it if it breaks but when they start costing $1,000 then it will be worth fixing. We might actually see repair stores pop up for various things now. Like TVs etc too. Though TVs seem to be one of few things affected by inflation, it's crazy how cheap they are now.

 

[FelixDeCat]

Woo-hoo 4% Fed ralley!

 

[dullard]

Will someone please think of the children APEs? After some long pauses, at various price floors, APE is continuing to plunge. Even though many other crypto and meme stocks are soaring due to the fed, even that can't help the APEs. https://www.google.com/finance/quote/APE:NYSE

 

[AdamK47]

There's that rally.

 

[FelixDeCat]

Will someone please think of the children APEs? After some long pauses, at various price floors, APE is continuing to plunge. Even though many other crypto and meme stocks are soaring due to the fed, even that can't help the APEs. https://www.google.com/finance/quote/APE:NYSE

I would advise those APEs to quit monkeying around with AMC. AMC is a big money loser and uninvestible.

 

[Lost_in_the_HTTP]

Is S&P back to 47 yet?

 

[FelixDeCat]

There's that rally.

Yup

 

[AdamK47]

The VIX didn't get below 20 like I thought. It got close. Friday we might see some bad news is good news with the jobs report. More indicators to come leading up to Dec. 14th.

 

[FelixDeCat]

The VIX didn't get below 20 like I thought. It got close. Friday we might see some bad news is good news with the jobs report. More indicators to come leading up to Dec. 14th.

It looks like Santa Claus is in town.

 

[jpiniero]

Jobs number gud, which is bad news for stocks. Being Friday though... anything is possible.

 

[AdamK47]

The VIX somehow went below 20 despite the strong jobs report.

 

[FelixDeCat]

Im up 7% for 2022.

 

[AdamK47]

Im up 7% for 2022.

From activity in 2022 alone or compared as a whole from 2021? Impressive either way.

 

[brianmanahan]

Im up 7% for 2022.

you changed your avatar?!

 

[FelixDeCat]

From activity in 2022 alone or compared as a whole from 2021? Impressive either way.

Retirement. Sold early this year and just sat in MM funds until I thought the coast seemed kind of clear. I did not catch the bottom (and stocks may still go back down) but I did not want to miss any runups so I bought after the big 7% rally a while back.

 

[FelixDeCat]

you changed your avatar?!

Who me?

 

[AdamK47]

Down we go. Itsalright.

 

[FelixDeCat]

Down we go. Itsalright.

The talking heads on CNBC say its time to short the market again. The Fed meeting will be telling. I remain long.

 

[AdamK47]

I'll hit FIRE in 2 and 1/2 years. I've been putting in 80% of net pay into my brokerage account. Having zero debt including no mortgage helps. The market can stay low for now. If it can go gangbusters between 3 to 4 years from now I'll be happy.

 

[brianmanahan]

I'll hit FIRE in 2 and 1/2 years. I've been putting in 80% of net pay into my brokerage account. Having zero debt including no mortgage helps. The market can stay low for now. If it can go gangbusters between 3 to 4 years from now I'll be happy.

i set a goal 9 years ago to retire in 2028

with 6 years to go i've already reached my goal

but my NEW goal is triple my original goal

plus i was an idiot and kept renting instead of buying a house

so i don't think i'm gonna make it by 2028... maybe 2038

 

[AdamK47]

i set a goal 9 years ago to retire in 2028

with 6 years to go i've already reached my goal

but my NEW goal is triple my original goal

plus i was an idiot and kept renting instead of buying a house

so i don't think i'm gonna make it by 2028... maybe 2038

Sold my old house for a good profit in August '21 and rented a small apartment until the new house was built in January. Not a fan of renting or apartment living. Did not enjoy my stay.

 

[FelixDeCat]

I will be working until I'm at least 90.