Money & Economics

[bigredfish]

Audience member:
“Dave, what gives the US the unique option of simply printing more $$$ while its debt just crossed $40 Trillion?”

Dave:
“because as the world’s reserve currency, other countries are forced to keep buying it and holding it to stabilize their own economies”

Audience member;
“But, but, but….

 

[bigredfish]

I just wanted to announce a deal I made with the State of Florida giving me exclusive access to all public beaches.

I will become incredibly rich charging the peasants a mere $1 per day for beach use.

You’ll just have to trust me

 

[bigredfish]

 

[bigredfish]

As I've said here for well over a year.

But some of the cult members who eat crayons insist that because their deranged King keeps yelling about interest rates needing to be low, that must be the problem.

Somewhere in a parallel universe there are people who actually think with their brains and don't have Trump's dick in their mouth getting in the way of plain logic and math.

High rates do effect .Gov’s ability to print more money. They don’t substantially keep people from buying homes, or cars, or most other major purchases.

Price does

 

[bigredfish]

 

[bigredfish]

 

[bigredfish]

Commodities and bond yields surging.

#GLD was at $424 last Thursday.
It dropped to under $400 Friday and I got crushed and sold at $413

48 hours ago it was $396

Do I buy back in now in pre-market?

 

[MikeLud1]

Commodities and bond yields surging.

#GLD was at $424 last Thursday.
It dropped to under $400 Friday and I got crushed and sold at $413

48 hours ago it was $396

Do I buy back in now in pre-market?

View attachment 248581
View attachment 248582

You must of bought some, it just spiked

 

[bigredfish]

No, I did buy some yesterday for the Wife's account at $402 but hate to chase this morning in pre-market.

Ugghhhh frustrating!

 

[bigredfish]

$412

Amazing

 

[MikeLud1]

Yesterday I put all my 401K to cash and submitted a rollover to Fidelity. Hopefully the market does not have a rally and just stays flat or some downward movement so I can get back in when it is low. I was told it could take up to 4 weeks for rollover.

 

[bigredfish]

Unemployment came in as expected.

Market set to lift off today

 

[bigredfish]

Yesterday I put all my 401K to cash and submitted a rollover to Fidelity. Hopefully the market does not have a rally and just stays flat or some downward movement so I can get back in when it is low. I was told it could take up to 4 weeks for rollover.

To a regular IRA or Roth?

 

[MikeLud1]

Unemployment came in as expected.

Market set to lift off today

What I have been reading typically during a midterm year in September and after Labor Day the market is down and then rallies the rest of the year.

 

[bigredfish]

Yup same. I dont think today will be a rocket, just a normal up day

 

[MikeLud1]

To a regular IRA or Roth?

Regular IRA once I have the funds in Fidelity I will start moving some of it to a Roth

 

[bigredfish]

Yep makes sense.

Shouldnt take that long? I think mine was done in a week, Fidelity--> Schwab

 

[MikeLud1]

My 401K was the typical 60/40 and did 8.75% YTD if I had it invested as I plan to do it would of did 20.98% YTD

SPYM 25%

SPMO 15%

QQQM 10%

SCHD 50%

 

[bigredfish]

Excellent!

 

[MikeLud1]

Excellent!

I just bough 240 shares of SCHD in my brokerage account.