Page 330 of 425 FirstFirst ... 325 326 327 328 329 330 331 332 333 334 335 ... LastLast
Results 8,226 to 8,250 of 10605
  1. #8226
    Join Date
    Oct 2003
    Location
    Church of the Nifty Blue Chrysler
    Posts
    5,450
    Quote Originally Posted by MiCol View Post
    reason, i was going to do a spec project in breck in 2016 and i was quoted $750 a hole. i got into a battle with engineering and had to take it to county commission... i ended up scrapping the project and selling the lot...peak 7
    Reading this genuinely brought a smile to my face. We're not happy, unless you're not happy.

    Quote Originally Posted by fastfred View Post
    goto any job site and ask how many people are under 40, maybe 1 out of 10 workers
    there is zero hispanics becoming part of the work work force right now
    it's grim
    I'm not trying to get rich just keeping up with the cost of doing business insurance is stupid, trade wars, paying beginers 18 an hr, a cedar 2x12x16 is well over $100.00 WTF??????
    I think these observations are local/regional. Trades out here are full of young guys, the vast majority of them are Latino, and they have more work than they know what to do with. HVAC guys, plumbers and sparkies tend to be the youngest, most of the crews I see in those trades are in their twenties. Hardly any white boys swinging hammers out here any more.

    There's more work than there are tradesmen out here at this point, even gophers are making $35-40/hour.

    Tile guys around here are all seem to be Russian/eastern European. They're the real insolent scumbags, and they have the shittiest taste in music.

    Can you really find anyone who will even sweep up for $18/hour? Nobody is going to lift a finger on a job site for under about $30/hour out here.
    Last edited by glademaster; 02-25-2020 at 06:50 AM.
    Set my compass North, I got Winter in my blood.

  2. #8227
    Join Date
    Dec 2005
    Location
    STL
    Posts
    9,399

    Is the stock market going to tank?

    I don’t care where I buy, I care that I am always in the black. Now, if you’ve been investing a little bit every month, all your career (dentists) the sequence of returns does not apply to you until your close to retirement age. But if you are investing lump sums, it does.

    There is no fucking way, I’d put new money in this mkt for at least another 20%.




    Sent from my iPhone using TGR Forums

  3. #8228
    Join Date
    Dec 2005
    Location
    STL
    Posts
    9,399

    Is the stock market going to tank?

    Old, rich, white guys were melting down in the locker room this morning.

    The tip of the iceberg, still up big in 12 months, and they were crying.

    I told them “much more to come”.

    Oh, the look, was priceless.


    Sent from my iPhone using TGR Forums

  4. #8229
    Join Date
    Mar 2006
    Posts
    16,047
    Quote Originally Posted by Cono Este View Post
    Old, rich, white guys were melting down in the locker room this morning.

    The tip of the iceberg, still up big in 12 months, and they were crying.

    I told them “much more to come”.

    Oh, the look, was priceless.
    Fuck them. Really. 20% down does nothing to the long term trend. Heck, 50% down wouldn’t even be that bad technically. 1650 was Brexit news four years ago.

  5. #8230
    Join Date
    Mar 2006
    Posts
    16,047
    Testing low end of the support range now at 3200. 10Y note right on all time low of 1.32%.

  6. #8231
    Join Date
    Mar 2011
    Location
    NY
    Posts
    410
    Quote Originally Posted by Kevo View Post
    I've had a lot of cash sitting on the sidelines. Still not sure when to jump in, or maybe I'll just dollar cost average.

    My dad (<1 year from retirement) was 100% equities as of early January. I convinced him to move to VTWNX, which he did mid January. Took about 3 hours of talking to convince him it wasn't a wise idea to be all in VTSAX when he's that close to drawing on his nest egg.
    He moved it all at once?

    Brilliant IMHO.

  7. #8232
    Join Date
    Jan 2008
    Location
    The Queen City North Carolina
    Posts
    1,086
    Quote Originally Posted by Cono Este View Post
    Old, rich, white guys were melting down in the locker room this morning.

    The tip of the iceberg, still up big in 12 months, and they were crying.

    I told them “much more to come”.

    Oh, the look, was priceless.


    Sent from my iPhone using TGR Forums
    Why so angry? Markets go up, markets go down. If those old rich white dudes as you described where my dad, I wouldn’t be happy seeing them upset. How do you know they aren’t donating tons of appreciated shares to charities or using the cash flow to care for an aging spouse with Alzheimer’s. Being happy because you like to be a contrarian doesn’t make you smart it makes you an asshole.


    Sent from my iPhone using Tapatalk

  8. #8233
    Join Date
    Mar 2006
    Posts
    16,047
    Quote Originally Posted by ncskier View Post
    Why so angry? Markets go up, markets go down. If those old rich white dudes as you described where my dad, I wouldn’t be happy seeing them upset. How do you know they aren’t donating tons of appreciated shares to charities or using the cash flow to care for an aging spouse with Alzheimer’s. Being happy because you like to be a contrarian doesn’t make you smart it makes you an asshole.
    “First lesson in business is: Don’t get emotional about stock, clouds your judgement.”

  9. #8234
    Join Date
    Oct 2009
    Location
    seatown
    Posts
    3,343
    still trying to understand what the point of this stock market thing is besides aggregation iof wealth. i won’t be sad when unearned money is lost, it’s a leech game we make up. bring the FUD

  10. #8235
    Join Date
    Feb 2004
    Location
    Loveland, Chair 9.
    Posts
    4,364
    Quote Originally Posted by 4matic View Post
    Testing low end of the support range now at 3200. 10Y note right on all time low of 1.32%.
    given today with no reversal of two days down 1100 dow points, i'd bet 200 MDA tested within a month, there's no sign anywhere that the virus is being curtailed and economic affects just starting.
    Eat em up Houston Cougars !

  11. #8236
    Join Date
    Aug 2006
    Posts
    5,588
    I think a lot of people would disagree that putting up the capital (and taking all the risk of ruin), for a business to then use to be successful, is unearned income.

    Just because someone didn't sweat while working doesn't mean the money was unearned.

    Of course, there are exceptions to the above, but the general point stands.
    Live Free or Die

  12. #8237
    Join Date
    Mar 2006
    Posts
    16,047
    Quote Originally Posted by shroom View Post
    still trying to understand what the point of this stock market thing is besides aggregation iof wealth.
    Liquidity of assets is important. The ability to buy and sell cheaply and freely.

    I agree with you in that the nature of IPO's has changed. It used to be we raised capital to invest in early adopter businesses. Now it's to cash out early private investors and create "liquididty events."

  13. #8238
    Join Date
    Mar 2006
    Posts
    16,047
    Another big problem is automated trading. Look at December 2018 when the whole thing unraveled on basically nothing other than a few fed words. Momentum trading feeds on itself. If it starts melting the fed will have to act because there is no other way to stop it.

  14. #8239
    Join Date
    Dec 2005
    Location
    STL
    Posts
    9,399

    Is the stock market going to tank?

    Quote Originally Posted by ncskier View Post
    Why so angry? Markets go up, markets go down. If those old rich white dudes as you described where my dad, I wouldn’t be happy seeing them upset. How do you know they aren’t donating tons of appreciated shares to charities or using the cash flow to care for an aging spouse with Alzheimer’s. Being happy because you like to be a contrarian doesn’t make you smart it makes you an asshole.


    Sent from my iPhone using Tapatalk
    Fuck that man. Nothing is free. Volatility is the price. Can’t handle it, should have never been in. Making mkts in 2001, I was the Enron option specialist among other issues, so take me with a grain of salt.

    Some dude old dude changed the channel on me the other day and when I told him off, he made some a joke how “money is everything” and walked off.

    Amateurs


    Sent from my iPhone using TGR Forums

  15. #8240
    Join Date
    Mar 2006
    Posts
    16,047
    Years ago 1-2% moves DAILY were common. We would test both sides of unchanged in search of price discovery all the time. Stocks have gone so far so fast that point moves have sticker shock. 1000 dow points aren't what is used to be. It's a difficult adjustment for sure.

    In 1987 500 points was 22% of the Dow Index value. We got that in one day. Today that would be 6000 Dow points.

  16. #8241
    Join Date
    Feb 2004
    Location
    Loveland, Chair 9.
    Posts
    4,364
    Quote Originally Posted by 4matic View Post
    Another big problem is automated trading. Look at December 2018 when the whole thing unraveled on basically nothing other than a few fed words. Momentum trading feeds on itself. If it starts melting the fed will have to act because there is no other way to stop it.
    that is entirely true.

    I shorted that early and rode it down(it was fantastic), it was govt intervention that reversed it at the rate it did. sure, it might have reversed on its own; but its speed of recovery was all because of intervention(unfortunately it was during the Christmas holiday so my availability to ride both sides was muted)
    Eat em up Houston Cougars !

  17. #8242
    Join Date
    Aug 2004
    Location
    New Haven Line heading north
    Posts
    2,740
    Quote Originally Posted by Harvey44 View Post
    He moved it all at once?

    Brilliant IMHO.
    This will be my concern if the market continues to sell off. Folks like Kevo's parents rotating out of stocks 3-5 years earlier than expected as the rally runs out of steam. If I was in my 60's and had a high concentration of my wealth in the stock market, I am enjoying my historic good luck and calling it a day. I'm not going to risk a 20% drawdown for limited upside return.
    Charlie, here comes the deuce. And when you speak of me, speak well.

  18. #8243
    Join Date
    Mar 2006
    Posts
    16,047
    Quote Originally Posted by Stu Gotz View Post
    This will be my concern if the market continues to sell off. Folks like Kevo's parents rotating out of stocks 3-5 years earlier than expected as the rally runs out of steam. If I was in my 60's and had a high concentration of my wealth in the stock market, I am enjoying my historic good luck and calling it a day. I'm not going to risk a 20% drawdown for limited upside return.
    Like Benny says. The returns are better in stocks.

  19. #8244
    Join Date
    Mar 2006
    Posts
    16,047
    Trying to hold 3200~. A weak close today is trouble. I might sell some bonds today to raise a little cash.

  20. #8245
    Join Date
    Aug 2007
    Posts
    5,899
    Quote Originally Posted by Stu Gotz View Post
    I'm not going to risk a 20% drawdown for limited upside return.
    Happened to my FIL 10-ish years ago, right as he retired early. It all came back and more.

  21. #8246
    Join Date
    Mar 2006
    Posts
    16,047
    I don't consider 20% a large risk in stocks. If fear of a 20% drawdown scares you own too much stock. I don't own much stock because I can't stomach a 20% drawdown and also don't need that much risk either.

  22. #8247
    Join Date
    Mar 2006
    Posts
    16,047
    Quote Originally Posted by muted View Post
    Happened to my FIL 10-ish years ago, right as he retired early. It all came back and more.
    that was a 60% drawdown fwiw.

  23. #8248
    Join Date
    Mar 2006
    Posts
    16,047
    /\absolute elephant in the room for so many reasons.

  24. #8249
    Join Date
    Mar 2006
    Posts
    16,047
    Russell 2000 leading the way lower today by a lot. That's a bad sign.

  25. #8250
    Join Date
    Jan 2010
    Location
    your vacation
    Posts
    2,030
    Quote Originally Posted by MiCol View Post
    can you comment on trades like plumbing? reason, i was going to do a spec project in breck in 2016 and i was quoted $750 a hole. i got into a battle with engineering and had to take it to county commission...by the time i prevailed it was like a year later, and i had one quote for plumbing as high as $2,250 a hole...where is this number currently?...just curious... i ended up scrapping the project and selling the lot...peak 7
    $1,500.00 per drain is standard
    subs are at the gouging point right now because they have hundreds of requests for bids no labor etc
    which sucks for contractors and homeowners, subs I have been working with for 10 plus years are fair but new to me subs send out the fu price
    got a foundation quote last fall it was twice the normal cost
    and yeah, peak 7 don't get me started and the county gov't sorry you got caught up in their bs, been there done that too

    oh and the stock market.............. propped up by huge debt false hopes companies paying too much to buy other companies just to raise their on paper value but cutting hundreds of jobs and businesses not making any money it can't last forever its all a sham because of cheap loans

Similar Threads

  1. Who voted for Bush/Cheney in '00 or '04?
    By Bud Green in forum General Ski / Snowboard Discussion
    Replies: 281
    Last Post: 04-14-2006, 11:44 PM
  2. Risotto Recipes - What you got?
    By skiaholik in forum The Padded Room
    Replies: 41
    Last Post: 03-29-2006, 05:03 PM
  3. Did American Ski Company get delisted from the stock market?
    By Free Range Lobster in forum General Ski / Snowboard Discussion
    Replies: 3
    Last Post: 09-06-2005, 06:13 AM
  4. Bear Activists Killed and Eaten by Bears in Katmai
    By Lane Meyer in forum TGR Forum Archives
    Replies: 30
    Last Post: 10-09-2003, 08:43 AM

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •