Money & Economics

Anyone who’s followed this thread knows I like to play the Gold ETF- #GLD

I’m also dabbling in Adobe (ADBE)

Both for the same reason.
Crazy manipulated swings aside, both show strength and a desire to move up even when the rest of the market is dropping.

If we can ever get back to a 1/2 way normal market (is there such a thing?) I believe both will out pace the S&P by a bunch.

Michael Burry is heavy into ADBE
 
Another note:

I’ve been edumacated these past few weeks that the Energy ETF (XLE) comprised of all of the big oil companies and drillers, has little correlation to the price of oil.
Go figure
 
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I have accounts at a few different companies to not have all the eggs in one basket. Over the years, there's been an occasional contact from a brokerage wanting to be my financial advisor. The contacts are ramping up in frequency, and now, my plain vanilla bank is calling wanting to sell me stuff and advise me. First time in about 40 years with the same bank! I don't even have much money there because of things like 0.01% interest rates and high fees. Anybody else experiencing this? Is it some kind of canary in the coalmine?
 
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I think they’re all scrambling as folks IRAs and 401ks aren’t looking great YTD and people are chasing guaranteed safety.

I have a substantial chunk (50%) of my egg at JPM/Chase in various vehicles.

I casually withdrew some cash from Chase yesterday and moved it from my Priv Client account to take advantage of a Goldman/Marcus 3.65% plus $1500 cash bonus High Yield Savings for letting it sit for 3 months min. Intending to move it back afterwards.

Got a call from my JPM broker this morning telling me not to worry because my brokerage account is all in short bonds and he’s still projecting 4.5%. He’s a good guy, but doesn’t usually call just to reassure me :rofl:

 
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bigredfish said:
I think they’re all scrambling as folks IRAs and 401ks aren’t looking great YTD and people are chasing guaranteed safety.

I have a substantial chunk (50%) of my egg at JPM/Chase in various vehicles.

I casually withdrew some cash from Chase yesterday and moved it from my Priv Client account to take advantage of a Goldman/Marcus 3.65% plus $1500 cash bonus High Yield Savings for letting it sit for 3 months min. Intending to move it back afterwards.

Got a call from my JPM broker this morning telling me not to worry because my brokerage account is all in short bonds and he’s still projecting 4.5%. He’s a good guy, but doesn’t usually call just to reassure me :rofl:

Click to expand...
I get monthly offers from my Bond Broker for Muni Bonds around 4.5% yield. This has been true most all of last year and up till this one this week. These are Tax-Free being in Texas...

Normally they are Schools and Gov't buildings...

I have one IRA (Inherited) Bond still left getting 7% return, sadly I have 10 years from the year after my father's death to deplete it. My Broker has sold all the bonds except for this last one. These are individually owned Bonds.

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