Stocks and Trading Thread - Channeling your inner Mono

[Admiral Yi]

How much do youse allocate every year for speculative stocks / investments?  Dollar figure or % if anyone's inclined to answer.

My last three purchases have been on the speculative side because I felt I had been too conservative up to then and I was missing out on all the monsters.

[Ed Anger]

I also invest my spare change coffee cans  into lottery ticket scratch off or casino binges. I've done okay on that score.

[Admiral Yi]

Just saw part of an interview with Tim Buckley, Vanguard CEO.  He said to expect 4.5% returns for the next 10 years.

[Tamas]

Are African villages actually owned by anyone?  How can you buy something that is not owned?

I imagine it depends on the village. I doubt there is one pan-African village ownership system.

Indeed, and given the cultural diversity and range of colonial influences, I suspect you'd find a huge range of ownership/legal situations as regard land ownership.

A hint for Tamas, many retail clerks in the Western world now only make minimum wage, and I think plenty of them could be on top-up benefits, so who would these people be able to afford nearly all capital expenditures let along land and multiply buildings.

Incidentally the last documentary I saw set in Africa was a couple of weeks ago, the issue at hand was land deputes in Tanzania between the generations of families, the main case involved ten acres of land near the village, that iirc amounted to $20,000. So not exactly pocket change is it.

After all sorts of tactics to drive off/discredit the inheriting daughter, the case was solve through negotiation and the daughter got her money, maybe not full value, and she was reconciled with the wider family. I think the uncle was at fault.

Tamas assertion only make sense if you have a Trumpian view of the world.

Yeah, so I better be careful about how include minimum wage earners and African villages in jokes, but you are perfectly free to refer to my upbringing in a derogatory term.

Why is it that it is fine to be racist to East Europeans?

[Admiral Yi]

Massacree today.

[KRonn]

Massacree today.

Indeed, correction or whatever. I think part of it is that as the economy improves, the Federal Reserve begins to raise interest rates.  So the big players in the market start changing investments. Plus the worry about inflation as the economy heats up but I don't think inflation is an issue yet at all.

[Josquius]

Doom?

[Admiral Yi]

Nah.

[Tamas]

MAH PROFITS

[Tamas]

On the other hand, I guess the "panic" is strengthened by slow news day:




LOWEST SINCE NOVEMBER LAST YEAR?! EXTRAORDINARY!

[HVC]

What we need now is for Trump to do something stupid so that the news can concentrate on him.

[frunk]

So just like every other day for the past two years.

[HVC]

So just like every other day for the past two years.

Exactly, but now it would be a cause for good. It's his time to shine.

[Tamas]

So just like every other day for the past two years.

Exactly, but now it would be a cause for good. It's his time to shine.

Calling the Dems traitors for not celebrating his speech doesn't count?

[Admiral Yi]

Market is up today.