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I'm Not Sure Wood at ARK ETF Knows What "Soul Searching" Really Is
DKNG -7% today @ $24.24
ARKK Today -5.42%
ARKK looks to be down about 15% YTD / Takes some perseverance to hold on to something like that!
Why are we making this so difficult? Central banks created huge excess of money supply. Far left government paid people to sit at home and is still trying to hand out freebies
Inflation is going cuckoo now they have to draw down juicing of the markets. Another 20B less weekly starting next week
Easy money made money managers like C wood look like geniuses
Now, not so much
I've been selling bigly. Buying a tad more pmefx, pvcmx...a little of Warren B stock...
Not waiting around for the grande flush
Bad Moon rising
Post for entertainment purposes only
Good luck to All
What do you therefore suggest we investors do with our life savings? Stuff it in a bank account at 1%?
I’ll entertain any constructive suggestions.
To be clear I never would make suggestions for anyone to do anything with their monies. I'm not qualified, don't know you, don't know anything about anything
That said, who says you have to be all in cash now until 20 years from now ..brk.b, doesn't seem like a bad place to hide out, I mentioned pvcmx and pmefx as places where I have some monies. Ibonds. CDC ETF maybe...is 2022 the year of hussy?
Just sharing my view is to be very careful as this might be the most dangerous time in the market since 08
Yep - 20 years is a long time.
Enjoy the ride, Derf
You noted: A valid point for many here.
Our local food banks were able to be more supported by us, due to the stimulus.
I did not receive any of the stimulus checks and was happy to see BBB not pass in the form it was being pushed. Unemployed since Feb 2020 and did not receive unemployment checks or any form of assistance either.
These payments were actually tax refunds. In effect, taxpayers with zero income started with a negative income tax rather than a zero tax. Of course as their income increased, so did their income tax. But the net amount owed was still computed by subtracting out this initial credit.
Negative income tax - an idea introduced by that radical leftist, Milton Friedman, in 1962.
I think as intelligent beings we need to get away from labels, personalities, and the need for a sense of belonging (or tribal affiliation), and discuss ideas if one were looking for entertainment.
Milton Friedman was a Univ of Chicago faculty from 1944 until the end of his academic career, spanning many decades, and was one of the lead proponents that rejected Keynesianism. He was also an economic adviser to Ronald Reagan and Margaret Thatcher, a rare distinction not too many economists have. He was also the economic advisor to Barry Goldwater. His market based ideas influenced many governments around the world. As to his Republican party affiliation, he was not a blind squirrel and rejected the party label.
Don't wish to offend, I call it like I see it and experience it, you don't have to agree with me, that's ok, I'll see you at the polls when we vote. Let it be said that I disagree with many of the views expressed here but that is ok, I don't lose any sleep over it.
Hyperbole? Hypocrisy? Limousine Liberals, False Facts, Blow Hards, Faux-intellectuals. Sure, this forum has some of it for sure but insightful commentary and discussions that are on point as well. All Good, makes it informative and entertaining at times.
Getting back on track, it's been said that you should not mix your political view with your investing approach. Very likely true but I wonder if we are entering a new era where you have to consider outside factors? Taxes going up, rates going up, more regulation, killing the energy companies required to run a large economy...
Excess money supply. What do you think the Central Bank has done in the past year and a half? Increased it by 40% or so...do you think that's deflationary?
Freeloaders. Ya that's right. Don't misunderstood I'm all for helping folks in a tough spot etc but do not want to support people who are having multiple children with different partners as a lifestyle.
You can post all the Krugman you want. I have seen it, heard it, folks instructing others how to work the system for govt handouts
Now this clown in the white house tried to push thru BBB for more handouts. Bridges, roads, my rear end, he just wants to buy more votes and get more people dependent on the government
Extra unemployment encouraged people to walk away from jobs. Again, I've seen it first hand.
Good day sir! I said good day sir!
Sure. Consider everything when investing. I do. But no need to voice your every thought / political preferences here. It’s not the first time.
As far as the federal debt goes … both sides share the responsibility. One side likes to cut taxes - especially for people who don’t need it. Another side likes government funded infrastructure and social programs. Both pushed for those stimulus checks. The goal was to get as much money into circulation as possible before the economy froze up due to the pandemic. It’s hard to second guess those emergency measures or to recall the extent to which the economy shut down.
Remember which direction your investments were heading in March 2020 before relief measures from the Fed and the Treasury were announced?
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You may have to fish a little to get to them , my try didn't work to well.
I have limited amount of time and I want to spend it in limited number of places and in a productive way. Of course, I am happy to share / help as well (like so many others here).
Edit: Jan 18 is 2021 Q4 ES payment deadline, just in case anybody needed a reminder.
Fidelity Investor Community is heavily moderated. At anytime, several moderators are active, so food fights cannot continue. I wonder how Fido can afford this, but then you look at the ERs of many Fido funds and can understand that lot is possible at Fido. Discussions are on Fidelity and non-Fidelity related topics. But it is a "closed" site that requires Fidelity account(s), invitation from the site administrator (after one sends a secure message to Fidelity indicating interest) and nonmembers CANNOT read discussions or open links from there. So, whatever happens at the Fido site stays there (like they say about LV).
At this point Cathie’s biggest problem is the short sellers. Some big name investors / hedge funds have been shorting ARKK and there’s even an ETF (SARK) which targets her holdings Essentially, these short sellers wait until a fund or stock turns south and than “pile on” and try to chase it into the weeds. (Talk about gambling..)
Sure - they saw a legitimate opportunity. But isn’t it just as likely the shorts will go overboard and drive the prices down to unsustainable levels? A second problem for ARKK is the herd mentality of today’s retail investors. A problem for any asset manager. But the more potent the mix of holdings in a fund the more violent the swings in investor sentiment become.
I’ll say, ARKK and the shorties make sports wagering look tame.
@hank You're right to a certain point . What are your thoughts on live odds ?
I figure it gives me a chance to lose more than once !
Enjoy the ride, Derf