Foreign assets. Already done. Happily chilling until the clouds part, sometime in the next few years.
If you don’t mind divulging, funds or individual equities? Or something else?
Remember the Yen carry trade? Soon a dollar carry trade with borrowing in $ and investing in € or CHF will be an attractive prospect. Maybe it already is, looking at the evolution of the $ exchange rates, but when Powell gets fired and the rates for borrowing get down in the US as his majesty has ordered it will be potentially very lucrative.
Now it would be only a currency speculation, but when the rate differential becomes negative for the $ it will be a proper carry trade, lucrative in its own right, and a currecy speculation.
I log into John Hancock to track the changes in my 401(k). The amount isn’t updated until the next business day after the market closes. Today the last update was on the 17th. I expected to see the 18th today. Does anyone know why?
The markets were closed on 4/18 for Good Friday.
Doh!
Thank you.
ETA: We were watching a British cop show, and the medical examiner mentioned borborygmi.
In general, I’ve given up on trading specific companies.
My feeling is that, for any strategy you might want to pursue, there is probably some ETF out there that’s doing it more professionally than you ever would. I’m not Warren Buffett, getting up at 7am to read business reports and earnings transcripts for 10 hours, every day, so finding a handful of stocks to put it all on and trusting that I know when to pull out just doesn’t seem practical.
In general, I restrict myself to funds that have at least a five year history to ensure that I have a sense for how it reacts to different important events (and make sure that it does actually go up over time), and that it has some relatively formulaic basis of operation.
Within that mold, as said, you can probably find whatever you’re looking for. And it’s perfectly easy to find funds that gain or lose double digits every year, so it’s not like you can’t - in theory - keep up with Buffett himself without ever buying an independent stock.
Thanks, and it makes good sense.
I’m looking at the international funds and ETFs available on the Fidelity site. Lots to choose from!
I ended up choosing VGK, and while it’s down, it’s definitely weathering the storm better than the S&P
Low expense ratios is a big thing for me.
As we get closer and closer to this moment I’ve been banking on, I realize that it’s too corrupt and irrational to go the way I want. Tesla is either going to cook the books or zoom up even with terrible numbers. They’re going to make a bullshit claim about some new product and the market is going to fall for it. Maybe Trump will tweet something to spike the market to help his owner. I think Tesla is going to go up significantly on bad news. It wouldn’t surprise me at all to see it hit 280 this week.
I think I’m going to cash in my short shares and my inverse ETF holdings. I will keep my puts. If it does soar, I will but buy back shorts at a high price because it’s going down again. But I think in the short term and for absolutely no reason, it’s going up.
I’ll look pretty stupid if this whole thing I placed for comes to fruition and I miss out, but at this point, it would shock me if Tesla stock made sense.
I think the argument that Tesla is really a tech company and not a car company is carrying the day with investors. As long as the sentiment is that its value is in what it invents and not how many autos it moves, there’s a certain level of support.
Now, if that sentiment should change, then I could see a big collapse. But we aren’t there yet.
All just IMHO.
You and I know that Tesla is mostly behind the competitors. The average Fox News viewer believes that Musk all but invented AI and robotics, and Tesla is the clear winner among the bunch.
I’m actually a little relieved that Tesla went up a bit today. It means there’s a little bit of give underneath. 220 seems to be like a hard floor and it was sitting on 222 on Tuesday I was quite convinced that we’re going to go straight up but now that there’s it’s not quite on the floor I wonder if maybe there’s some room to go down. When I say this sort of stuff though I feel like using I’m using gamblers logic where people that come up with explanations for random movements that really have no predictive power. It’s not exactly the same because we know that gambling comes with independent trials and known odds and this is way more chaotic than that but it’s also trying to put some sort of human understanding of random nonsense into a narrative and that’s dangerous.
Maybe I’ll keep my short position but I will put in a call like a short-term two-day call as a hedge in case it does explode for no reason. I’m being very indecisive about it.
My take on Tesla is that so many people believe that the trumpmusk partnership means that the fix is in that it becomes a self-fulilling thing. Even if trump isn’t providing a fix, all the fix-believers are providing a fix.
Tesla posted 12 cents off quarterly post gaap earnings. It will be an absolute joke if it rises tomorrow. It would hit like 400+ p/e
I think it’s going to $300
71% decline in YOY in net income. You have to wonder if I I’m so terrified at bad news for Tesla why would I even short them? It just seems like such an obvious play that I don’t know that I can accept that this may result in going broke because Tesla goes to the moon in contradiction to every single rule of economics ever.
On the other hand the bottom has to fall out sometime right? like the there are cultists but the big institutional players are not cultists. like at some point they have to decide they’re sick of that shit and we might just see the whole thing Fall apart and I hope to baby Jesus that’s tomorrow
The only big institutional players are index funds. And they’re stuck being crowd-followers no matter where the crowd takes them. Cf. Gamestop
Here it comes. Trump is now saying how he doesn’t want to take a hard line against China and that he’s not going to try to fire Powell. The market is going to boom, Tesla’s earnings will be forgotten and I’m turbo fucked. That would seem that the only constant in the universe that we can count on is that Tesla stock can never really go down.
Trump is not going to try to fire Powell today.
Trump always likes having a singular person to blame for things. It makes for a simple story. For the declining stock market, it’s 100% Powell’s fault. He’s entirely to blame.
All Trump realized is by saying it out loud can actually make it worse. But I don’t see a world where Trump’s instincts (blame Powell) override any ability to calm the markets/project calm and stability. It’s against his nature.
Waves not the tide.
Day to day is going to be very noisy. I’m pretty confident about that. I’ve not the skill or disposition to even attempt to play that chaotic choppiness. More power to you. May you make a lot of money.
It honestly wouldn’t shock me if the market opens high and finishes at a loss as some new Trump spittle drools out and everyone changes course again, or people just take advantage of a bump to get the fuck out of positions.
Over the next year long term equity trend is going to down. I am middling confident of that. And that gold will not collapse in that time frame. Not sure of either. Or of timing.