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Off-Topic Stock Market & Crypto Discussion

SpikeUM said:
One more note: You usually want to take whatever losses you have to reduce your taxes. You can always buy it back 31 days later if you really like it, and/or buy a similar company, e.g. coke/pepsi, GM/F, etc etc
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Yes…+1..good advice

real estate appreciates, in time. Most homes become nest eggs for the average schmo. But don’t downplay the stock market …
40 Years (1982 – 2022): 11.6% annual return. 30 Years (1992 – 2022): 9.64% annual return. 20 Years (2002 – 2022): 8.14% annual return. 10 Years (2012 – 2022): 12.74% annual return…
2023..over 14% so far..
 
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mr.h said:
Yes…+1..good advice

real estate appreciates, in time. Most homes become nest eggs for the average schmo. But don’t downplay the stock market …
40 Years (1982 – 2022): 11.6% annual return. 30 Years (1992 – 2022): 9.64% annual return. 20 Years (2002 – 2022): 8.14% annual return. 10 Years (2012 – 2022): 12.74% annual return…
2023..over 14% so far..
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Absolutely great advice. Keep it simple with real estate and Index ETFs.

Nothing wrong with picking individual stocks, but ETFs spread out the risk and you will probably still own the stock in a weighted format. I sold all my TSLA, but I still own it swith SPY.
 
mr.h said:
Yes…+1..good advice

real estate appreciates, in time. Most homes become nest eggs for the average schmo. But don’t downplay the stock market …
40 Years (1982 – 2022): 11.6% annual return. 30 Years (1992 – 2022): 9.64% annual return. 20 Years (2002 – 2022): 8.14% annual return. 10 Years (2012 – 2022): 12.74% annual return…
2023..over 14% so far..
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11.6% return doesn't factor in taxes. Thus, around 25% is gone when you sell making it 8.7%. In some states, that return drops even more due to state taxes.

Real estate can be done tax-free in many cases.
 
90scane said:
11.6% return doesn't factor in taxes. Thus, around 25% is gone when you sell making it 8.7%. In some states, that return drops even more due to state taxes.

Real estate can be done tax-free in many cases.
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I hold long term. I don’t trade regularly. There were good opportunities this year. When I sell, it’s in bits and pieces, as needed, so I don’t get hammered with Capital Gains. My principal grows…It beats werking…😎
The average man can still make it big in real estate. And you do not need to be a genius to do it…just time.
Now..idle cash can give decent income.
Meanwhile the market is rallying towards the EOY. There’s talk of interest rate cuts that will boost the S&P in 2024.
Yes, ima optimist. If you pay taxes, you’re making money..
 
Cmuri said:
This is unknown territory for me. I think the last time small caps were doing better than large caps was 2021 and it was short lived. I’ve only been in the market since 2018-2019. Theory is small caps should do better, but how much before they get slammed again. Got used to getting abused there. What’s a reasonable area to take profit % wise on small caps?
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Had a nice run on them couple months ago. As Spike said, way more volatile. They rise fast and fall even faster.
 
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11:00USDExisting Home Sales (MoM)(Nov) 3.82M0.813.77M3.79M
11:00USDExisting Home Sales Change (MoM)(Nov) 0.8% ---4.1%
11:00USDConsumer Confidence(Dec) ----
Existing home sales are up
the consumer confidence index climbed to 110.7 in December from a revised 101 in November. We can go over all the reasons, but basically inflation is receding.
…..and the EOY rally continues..
 
For those of you who are dollar cost averagers and keep investing even when things are up, where are you adding in the current climate?
 
Fluffhead said:
For those of you who are dollar cost averagers and keep investing even when things are up, where are you adding in the current climate?
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I’m past dollar cost averaging, but if I add to a stock when prices are up, it’s a stock that buys back shares when they drop. [ex.AAPL]
 
09:30USDGross Domestic Product Price Index(Q3) 3.3% --3.5%
09:30USDInitial Jobless Claims 4-week average(Dec 15) 212K--213.5K
09:30USDPersonal Consumption Expenditures Prices (QoQ)(Q3) 2.6% -4.082.8% 2.8%
09:30USDInitial Jobless Claims(Dec 15) 205K-0.94215K203K
09:30USDPhiladelphia Fed Manufacturing Survey(Dec) -10.5-0.65-3-5.9
09:30USDContinuing Jobless Claims(Dec 8) 1.865M-0.701.888M1.866M
09:30USDCore Personal Consumption Expenditures (QoQ)(Q3) 2% -4.742.3% 2.3%
09:30USDGross Domestic Product Annualized(Q3) 4.9% -0.815.2% 5.2%
11:30USDEIA Natural Gas Storage Change(Dec 15) -87B-0.53-80B-55B
12:00USDKansas Fed Manufacturing Activity(Dec) -4---3
Strong growth, but not bad numbers if you are worrying about inflation
 
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Fluffhead said:
For those of you who are dollar cost averagers and keep investing even when things are up, where are you adding in the current climate?
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I already have my holdings. No new money going in. If I did, I would go 1 month CD and wait for a pullback. Then look at a diversified investment either index or stocks from all sectors.
 
09:30USDCore Personal Consumption Expenditures - Price Index (YoY)(Nov)3.2% -2.503.3%3.4%
09:30USDPersonal Spending(Nov)0.2% -1.120.3%0.1%
09:30USDPersonal Consumption Expenditures - Price Index (MoM)(Nov)-0.1% -0.670%0%
09:30USDDurable Goods Orders ex Transportation(Nov)0.5% 1.800.1%-0.3%
09:30USDDurable Goods Orders(Nov)5.4% 1.362.2%-5.1%
09:30USDNondefense Capital Goods Orders ex Aircraft(Nov)0.8% 1.590.2%-0.6%
09:30USDDurable Goods Orders ex Defense(Nov)6.5% 1.652.2%-6.4%
09:30USDPersonal Income (MoM)(Nov)0.4% 0.000.4%0.3%
09:30USDPersonal Consumption Expenditures - Price Index (YoY)(Nov)2.6% -5.002.8%2.9%
09:30USDCore Personal Consumption Expenditures - Price Index (MoM)(Nov)0.1% -2.500.2%0.1%
11:00USDMichigan Consumer Sentiment Index(Dec)69.70.0769.469.4
11:00USDNew Home Sales Change (MoM)(Nov)-12.2% ---4%
11:00USDNew Home Sales (MoM)(Nov)0.59M-2.140.685M0.672M
11:00USDUoM 5-year Consumer Inflation Expectation(Dec)2.9% 1.342.8%2.8%
A lot of stuff to chew over, but mostly good..
consumer sentiment up
new home sales down
 
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GladeCane said:
JUst bought MARA (Marathon Digital- bitcoin miner) BRPHF (Galaxy Digital-crypto investment banker and miner) and NCLH (Norwegian Cruise Lines).

This was with play money.
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I’ve owned Galaxy for years. Slowly coming back.
 
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Opinions on 3d printing. Was this the biggest scam? Or are we still in the beginning innings?
 
Bird4um said:
I’ve owned Galaxy for years. Slowly coming back.
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Up 120%, the last 6 months.

In January, the SEC is expected to ok several if not all 13 Bitcoin ETF applications, of which Galaxy has one.

I subscribe to the theory that Galaxy with its stellar above board reputation in the crypto industry will be one of the big winners.
 
GladeCane said:
Up 120%, the last 6 months.

In January, the SEC is expected to ok several if not all 13 Bitcoin ETF applications, of which Galaxy has one.

I subscribe to the theory that Galaxy with its stellar above board reputation in the crypto industry will be one of the big winners.
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You buying more?
 
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