Few here get the change. Shit just happened.

[Dutch Uncle]

I didnt see that you posted anything about going to DC yourself to stand up or maybe even just protest against your perceived hated traitors. It would seem that would put you in with the cowards. Good to know.

Why would I go to DC to support a fucking moronic insurrectionist like Trump?

The difference is that you do support Trump, but hid behind your keyboard. Your choice, but it's a coward's choice.

Do you still support stopping the steal? Cheering on RW terrorists?

 

[cancel2 2022]

You are always referencing meat puppets. You got that from a short that came out a while back. I saw it too,.... a lot of people did. It would be better if you could come up with your own material.

Maybe he's into man meat?

 

[Matt Dillon]

Young people on Reddit decided to fuck over the Wall Street hedge funds who shorted Gamestop. Now those Wall Street assholes are currently $5 Billion in the whole. LOL

Now THAT I understand! Sort of..How are they in the hole if they shorted it?

 

[Dutch Uncle]

Now THAT I understand! Sort of..How are they in the hole if they shorted it?

The Wall Street assholes have to pay the difference.

Example. You have 50 apples that sell for 10 cents each. I have a friend in Washington state who says they're going to flood the market with apples bringing them down to a nickel each. I buy your $5 worth apples on credit. When the price drops to a nickel each, I buy 50 apples for $2.50, give you back your 50 apples, maybe a little something for your trouble, and pocket the other $2.50. That's "Selling Short".

Now, let's say my Washington friend was wrong or Mt St. Helen blew up and took out all the apples. Now apple prices shoot up to 25 cents each. I still owe you 50 apples, it doesn't matter what the price is at the time. In this case, I have to spend $12.50 to pay you back. Now multiply that by a million apples and you can see how a person who sold apples short in that circumstance is royally fucked.

 

[Matt Dillon]

The Wall Street assholes have to pay the difference.

Example. You have 50 apples that sell for 10 cents each. I have a friend in Washington state who says they're going to flood the market with apples bringing them down to a nickel each. I buy your $5 worth apples on credit. When the price drops to a nickel each, I buy 50 apples for $2.50, give you back your 50 apples, maybe a little something for your trouble, and pocket the other $2.50. That's "Selling Short".

Now, let's say my Washington friend was wrong or Mt St. Helen blew up and took out all the apples. Now apple prices shoot up to 25 cents each. I still owe you 50 apples, it doesn't matter what the price is at the time. In this case, I have to spend $12.50 to pay you back. Now multiply that by a million apples and you can see how a person who sold apples short in that circumstance is royally fucked.

Very well put! Thank you!

 

[Dutch Uncle]

Very well put! Thank you!

The Stock Market is legalized gambling when played by short sellers, day traders, etc.

I used to play the game, but it was really cramping my party lifestyle, so, after asking around, I just went with the tried and true: an S&P 500 mutual fund and dollar-cost averaging (meaning a set amount is removed from my paycheck for investment. I never see it). OTOH, because I was a good saver, when the Great Recession hit, I doubled down for several months knowing it'd eventually go back up.

My ex was a spendthrift. No Fault Divorce laws say she gets half of what was left, meaning half my mutual funds. By doubling down when the market was low and riding out the recession, I made back everything she got plus some.

https://www.investopedia.com/terms/d/dollarcostaveraging.asp
What Is Dollar-Cost Averaging (DCA)?
Dollar-cost averaging (DCA) is an investment strategy in which an investor divides up the total amount to be invested across periodic purchases of a target asset in an effort to reduce the impact of volatility on the overall purchase. The purchases occur regardless of the asset's price and at regular intervals. In effect, this strategy removes much of the detailed work of attempting to time the market in order to make purchases of equities at the best prices. Dollar-cost averaging is also known as the constant dollar plan.

 

[Phantasmal]

The Stock Market is legalized gambling when played by short sellers, day traders, etc.

I used to play the game, but it was really cramping my party lifestyle, so, after asking around, I just went with the tried and true: an S&P 500 mutual fund and dollar-cost averaging (meaning a set amount is removed from my paycheck for investment. I never see it). OTOH, because I was a good saver, when the Great Recession hit, I doubled down for several months knowing it'd eventually go back up.

My ex was a spendthrift. No Fault Divorce laws say she gets half of what was left, meaning half my mutual funds. By doubling down when the market was low and riding out the recession, I made back everything she got plus some.

https://www.investopedia.com/terms/d/dollarcostaveraging.asp
What Is Dollar-Cost Averaging (DCA)?
Dollar-cost averaging (DCA) is an investment strategy in which an investor divides up the total amount to be invested across periodic purchases of a target asset in an effort to reduce the impact of volatility on the overall purchase. The purchases occur regardless of the asset's price and at regular intervals. In effect, this strategy removes much of the detailed work of attempting to time the market in order to make purchases of equities at the best prices. Dollar-cost averaging is also known as the constant dollar plan.

That’s what we did, what aggressive while we were working and more balanced when we retired.

 

[Micawber]

You started this thread with no explanation at all.

That's not exactly a novel approach around here though.

I hate short sellers and industrial computer decision trading and the baked in advantage in speed of the big boys.
Might as well go to the dog track and get screwed there.

So I saw that Robinhood exec last night on CNN. He was passing all blame to regulators.

 

[Micawber]

The Stock Market is legalized gambling when played by short sellers, day traders, etc.

I used to play the game, but it was really cramping my party lifestyle, so, after asking around, I just went with the tried and true: an S&P 500 mutual fund and dollar-cost averaging (meaning a set amount is removed from my paycheck for investment. I never see it). OTOH, because I was a good saver, when the Great Recession hit, I doubled down for several months knowing it'd eventually go back up.

My ex was a spendthrift. No Fault Divorce laws say she gets half of what was left, meaning half my mutual funds. By doubling down when the market was low and riding out the recession, I made back everything she got plus some.

https://www.investopedia.com/terms/d/dollarcostaveraging.asp
What Is Dollar-Cost Averaging (DCA)?
Dollar-cost averaging (DCA) is an investment strategy in which an investor divides up the total amount to be invested across periodic purchases of a target asset in an effort to reduce the impact of volatility on the overall purchase. The purchases occur regardless of the asset's price and at regular intervals. In effect, this strategy removes much of the detailed work of attempting to time the market in order to make purchases of equities at the best prices. Dollar-cost averaging is also known as the constant dollar plan.

Have you purchased a new money pit wife, or are you renting one?

 

[Micawber]

"I see, begging the loser insurrectionist to help them not lose again in 2022 is the strategy the GOP is going with," Rep. Ilhan Omar (D-MN) wrote, sharing the photo of McCarthy and Trump together.
Rep. Katherine Clark (D-MA) also shared the image and wrote: "Less than one month ago, America was attacked by a violent, seditious mob.
"We've lost three police officers. Dozens more are injured.
"Still, we face active threats of violence.
"Kevin McCarthy's response is a photo op with the treasonous instigator."

I see, begging the loser insurrectionist to help them not lose again in 2022 is the strategy the GOP is going with. pic.twitter.com/Q0aDFWQhKX​

— Ilhan Omar (@IlhanMN) January 28, 2021​

Bill Pascrell, Jr. (D-NJ) wrote yesterday: "In case you had any question of the gop changing course, the leader of the republican party is at maralago today polishing trump's shoes and lavishing him with North Korea style praise."
While Rep. Don Beyer (D-VA) highlighted McCarthy's previous criticism of Trump, alongside the photo of the pair together.
A previous statement from Trump's Save America PAC had said the pair had a "very good and cordial meeting" and said the "work has already started" on a united effort to have Republicans flip the House and Senate.
Following the events of January 6, Trump was impeached for a second time and Democrats are pushing forward with his Senate impeachment trial despite him having left office. Republicans indicated in a vote on the constitutionality of this trial that it is unlikely they will vote to convict.
Newsweek has contacted the lawmakers mentioned for comment.

Kevin McCarthy Takes Heat From Democrats over Donald Trump Meeting (msn.com)

 

[Matt Dillon]

That's not exactly a novel approach around here though.

I hate short sellers and industrial computer decision trading and the baked in advantage in speed of the big boys.
Might as well go to the dog track and get screwed there.

So I saw that Robinhood exec last night on CNN. He was passing all blame to regulators.

I foresee Robinhood stock plummeting right to the bottom. Will they survive?
That's a risky one there. Might be a good buy if they bottom out and recover.
Blame game does not instill investor confidence.

 

[evince]

Somebody redpill me about the Gamestop thing.

The little guys played the big guys

By destroying their attempts to make money from killing GameStop


Buying it in mass just to force the big guys to cover their shorting of the stock

Because they made the stock go up instead of it going down to nothing


Now they have to buck up to the risk they took to pronounce GameStop dead

 

[Dutch Uncle]

That’s what we did, what aggressive while we were working and more balanced when we retired.

Which is where I am now, mostly bonds.

 

[Matt Dillon]

Which is where I am now, mostly bonds.

Bonds are not really viable these days.. Guaranteed 4% annuity is almost as good as a savings account back in the day...almost.. You probably don't get a toaster, though.

Mmmm...toast!

 

[Dutch Uncle]

Have you purchased a new money pit wife, or are you renting one?

I thought she was my one true love, but she changed shortly after we were married. I still don't get it. Part of the problem was we married within a year of meeting. My present, and final, wife and I were together for 5 years before having a big family wedding. It's working out very well for all concerned.

 

[Dutch Uncle]

Bonds are not really viable these days.. Guaranteed 4% annuity is almost as good as a savings account back in the day...almost.. You probably don't get a toaster, though.

Mmmm...toast!

It's not to make money, it's to safely hold it since I don't want to keep it buried in my backyard with all my guns and gold bullion.

 

[Matt Dillon]

It's not to make money, it's to safely hold it since I don't want to keep it buried in my backyard with all my guns and gold bullion.

LMAO!

 

[Matt Dillon]

I thought she was my one true love, but she changed shortly after we were married. I still don't get it. Part of the problem was we married within a year of meeting. My present, and final, wife and I were together for 5 years before having a big family wedding. It's working out very well for all concerned.

1 year is not enough to get to know someone.
5 is getting there..
In hindsight..at least 2-3 should be mandatory.

 

[Dutch Uncle]

1 year is not enough to get to know someone.
5 is getting there..
In hindsight..at least 2-3 should be mandatory.

Agreed on the one year thing since the results weren't optimal.

Five was enough for us, but we knew by the third year we really wanted to be together.

 

[Phantasmal]

1 year is not enough to get to know someone.
5 is getting there..
In hindsight..at least 2-3 should be mandatory.

4 here, married in 1978.