2024 Economic Collapse

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Is it Joever?

  • It's Joever

    Votes: 87 16.1%

  • We're just getting joeing

    Votes: 254 46.9%

  • Kill yourself furfag

    Votes: 201 37.1%
  • Total voters
    542
Market is up 1.7% as I type this. This is why you don't panic sell and just buy and hold low cost, broad index funds/ETFs (VTI/VTSAX, VOO/VFIAX, etc). You can't predict the market, nor can anyone else. If they could, they'd be a trillionaire and certainly not be telling you what's gonna happen

It might go down today, tomorrow, Friday, and so on. I don't know, nor does anyone else. Dollar cost average and you'll be fine. Friday I am putting money into VTI no matter what since it's my scheduled buy.
 
Hollywood Hulk Hogan said:
Market is up 1.7% as I type this. This is why you don't panic sell and just buy and hold low cost, broad index funds/ETFs (VTI/VTSAX, VOO/VFIAX, etc). You can't predict the market, nor can anyone else. If they could, they'd be a trillionaire and certainly not be telling you what's gonna happen

It might go down today, tomorrow, Friday, and so on. I don't know, nor does anyone else. Dollar cost average and you'll be fine. Friday I am putting money into VTI no matter what since it's my scheduled buy.
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You could really rehabilitate your reputation if you hung out more in the bidness threads.
 
Today
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ForTheHoard said:
You could really rehabilitate your reputation if you hung out more in the bidness threads.
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Triggering you elderly, obese man fetishists by pointing out how weird you angry incels are is way more fun.

Also, SPY is now down 0.4% as I type this. Tomorrow it could go up, could go down. Don't try and time the market
 
Hollywood Hulk Hogan said:
Triggering you elderly, obese man fetishists by pointing out how weird you angry incels are is way more fun.

Also, SPY is now down 0.4% as I type this. Tomorrow it could go up, could go down. Don't try and time the market
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I constantly stick up for you and the only thanks I get is a bunch of vulgar insults. Never change.
 
ForTheHoard said:
I constantly stick up for you and the only thanks I get is a bunch of vulgar insults. Never change.
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You implied I had a bad rep in your post, which I don't. So I apologize if you didn't mean it that way.
Sorry, it's hard to remember who on here isn't a Thunderdome autist :heart-full:
 
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Hollywood Hulk Hogan said:
You implied I had a bad rep in your post, which I don't. So I apologize if you didn't mean it that way.
Sorry, it's hard to remember who on here isn't a Thunderdome autist :heart-full:
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I like you, but let's not pretend you don't have a reputation. I might go as far as to say you're infamous. When you dropped the kafabe and got political, you made a lot of enemies.

Thankfully it's not because you're a cow like most people with bad reputations here. You just have strong opinions that a lot of people here disagree with.

I'm an autist, and I spend a lot of time in Thunderdome, but I don't think I technically count as a thunderdome autist.
 
CharlesBarkley said:
Incesting - lol I mean investing 102:
1. Don’t play with options. You will never win.
2. Don’t get cds or bonds retard. Unless you are 80+ years old.
3. Max out your Ira contributions every year and put like half in VOO and some gay fund like FAMEX or something.
4. Buy low sell high.
5. Quit buying door dash.
8. Never buy booze going out. Drink at home.
24. Stop doing deadlifts, it’s not worth it.
58. Your spreads, strangles, and leaps are gay.
69. Find a woman who cooks.
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Nice list but I'm only investing in land and bullets, like God intended.
 
ForTheHoard said:
I like you, but let's not pretend you don't have a reputation. I might go as far as to say you're infamous. When you dropped the kafabe and got political, you made a lot of enemies.

Thankfully it's not because you're a cow like most people with bad reputations here. You just have strong opinions that a lot of people here disagree with.

I'm an autist, and I spend a lot of time in Thunderdome, but I don't think I technically count as a thunderdome autist.
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You are right. I was wrong to say that. I apologize :heart-full:
 
Hollywood Hulk Hogan said:
You implied I had a bad rep in your post, which I don't. So I apologize if you didn't mean it that way.
Sorry, it's hard to remember who on here isn't a Thunderdome autist :heart-full:
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I don’t think you have a bad rep. I’ve lurked here for many years (even if I’m a new poster) and I generally think of you as representing the normie consensus, which is important because otherwise this site would be a boring echo chamber of autism (well… more than it already is, anyway).
 
Hollywood Hulk Hogan said:
You implied I had a bad rep in your post, which I don't. So I apologize if you didn't mean it that way.
Sorry, it's hard to remember who on here isn't a Thunderdome autist :heart-full:
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I am a Thunderdome autist. I really enjoy your investment advice, even if we disagree on other shit.

Even when we've argued on US Politics, you've always been a good sport.

Agreed by the way. No point in guessing whether the market will go down again tomorrow, or for a week, or for 6 months.

If it does, great. I look forward to dollar cost averaging down. If it doesn't? Sweet. My portfolio continues to grow and I'm still putting a portion of my check into VOO.

Any ETFs you'd suggest taking a look at outside of the obvious VOO and SPY, etc?
 
macrodegenerate said:
Incorrect, the price of insurance for the elderly is obscenely high compared to young people in the U.S. I was pricing out insurance for an elderly man and the cost was $900/mo vs $300/mo for a 33 year old on the same plan. Sure they can't decline you for a pre-existing condition, but the high deductibles on anything, but an enhanced silver plan which runs about $450/mo for a 33 year old and a grand a month for a person in their sixties. Makes what you are buying worthless anyway. But good news after cancer or an expensive procedure, you are afforded the privilege of only going into 12k a year in debt.
A gentle reminder that IRAs/401Ks are bankruptcy proof, so have a grand or ten in there when you inevitably are set back to 0 after a car crash or random accident.
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A single week long hospital stay for an old person, and many go through many of those as they're dying, is going to be 200K+ at minimum. I don't know what the actual cost of insurance would be for a pool of old sick people (70+), but I'd guess off the top of my head that a fair price for elderly with a high risk of illness would be 10-20K per month for the insurance companies to break even on the many cases where someone will languish in a hospital bed for months billing millions.

A young person paying 300$ a month is still heavily subsidized, but probably far more reasonable as young people don't go to the doctor anymore as a. they don't get sick young that often, and b. it's super expensive and only the poor/elderly get free healthcare. The group of people that need quality healthcare the most are the ones that get fucked the hardest by medical billing: the middle class who is actually working and paying taxes.

It's completely unsustainable. (socialized medicine "fixes" this by massively reducing expenditure on the elderly. You go to hospice instead of getting catastrophically expensive interventions)
 
Your Girlfriend's Dad said:
I am a Thunderdome autist. I really enjoy your investment advice, even if we disagree on other shit.

Even when we've argued on US Politics, you've always been a good sport.

Agreed by the way. No point in guessing whether the market will go down again tomorrow, or for a week, or for 6 months.

If it does, great. I look forward to dollar cost averaging down. If it doesn't? Sweet. My portfolio continues to grow and I'm still putting a portion of my check into VOO.

Any ETFs you'd suggest taking a look at outside of the obvious VOO and SPY, etc?
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I only use VTI and VXUS as far as ETFs go. I am not a fan of sector ETFs since that sector could go hot or it could go cold, but if it goes hot it'll end up represented higher in VTI (or VXUS or VOO) anyway
 
Maybe it will be better today so I don’t need to panic sell. I’ll listen to HHH, I’ve been suicidal for the previous 3 days but there’s always a chance it gets better.
 
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Polarity said:
A single week long hospital stay for an old person, and many go through many of those as they're dying, is going to be 200K+ at minimum. I don't know what the actual cost of insurance would be for a pool of old sick people (70+), but I'd guess off the top of my head that a fair price for elderly with a high risk of illness would be 10-20K per month for the insurance companies to break even on the many cases where someone will languish in a hospital bed for months billing millions.

A young person paying 300$ a month is still heavily subsidized, but probably far more reasonable as young people don't go to the doctor anymore as a. they don't get sick young that often, and b. it's super expensive and only the poor/elderly get free healthcare. The group of people that need quality healthcare the most are the ones that get fucked the hardest by medical billing: the middle class who is actually working and paying taxes.

It's completely unsustainable. (socialized medicine "fixes" this by massively reducing expenditure on the elderly. You go to hospice instead of getting catastrophically expensive interventions)
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So should we just all go full Canada and run TV adverts for state-sponsored euthanasia?
 
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