School me on investing...

https://twitter.com/i/web/status/1550835629126307848

 

https://www.experian.com/blogs/ask-experian/auto-loan-late-payments-by-state/

Here’s the report. I think it’s important to consider that these are accounts that have ever been over 30 days late.

 

Nice Data.

TX...Avg $662 loan payments $1 in the nation. Everything is bigger in TX.
DC...Small sample size coupled with the lower income are skewing the numbers up. Its not representative of the country.

 

A failing social program prescribed by certain individuals....

 

Amen to that.

 

Yep, that fits the definition quite well. I've never counted on a penny of it, OR inheritance. So far I haven't been disappointed by that mindset on either count.

 

FOMC meeting starts today....

Guesses?

+.75% is expected since that was the last increase. Will they shock the system with a 1%??

 

Couple thoughts on the used car market-

I just bought a 2012 Venza that had been sitting on a lot for 3-4 months in which time they dropped the price from $12K to under 9. I'm sure the average buyer was scared of the 224K miles on it, but the thing is a loaded XLE V6 from out west ( a rare rust free car here) and looks good and runs perfect. Seems like a lot of the cars and trucks I've looked at have already been dropping in price.

How much does a co-signer factor into getting a loan (and at a good rate)? My wife just signed for her son and got him a 4.9% 5 year loan on $20K, he's 26 or so and has ZERO credit history and a pretty spotty work history. Incidentally...the car is a 2012 Sequoia that my wife sold him. Let's just say that Sequoias are still holding their value...

 

At least now he is well on his way to building a good credit history.

 

I wouldn’t be surprised if they went up +5% or more. People are still spending money. They have to force a recession if they don’t want the financial system to completely explode

time for hard assets boys. I’m sticking with btc, land, gold.

 

I liked your post when it said 1.5.

Not that they'll do it, but it is eventually going to have to happen.

Dammit, quit editing your post! Silver... Not gold.

5% is probably going to take too much skin off with the band-aid.

 

yeah 1.5 is likely…. Only because they’re hell bent on denying we’re headed off a cliff. 5%+ is what’s needed I should have said

 

Probably more than that even. The tried and true method of quelling inflation is to raise the interest rate above the inflation rate. Since we keep on lying to ourselves about what the inflation rate even is, it is gonna be a hard trick.

 

The vig on physical is fucking outrageous right now. 20-25% or more (saw some AU with a 50% markup for non-numismatic).

I’m buying soap and Cheez-Its.

 

Yep. Right at 20% here, but that's gonna look cheap sooner than later.

https://www.kitco.com/images/live/silver.gif

https://www.walmart.com/ip/1-oz-Silver-Round-Buffalo-Lot-Roll-Tube-of-20/414798207

 

Btc is a store of value against the dollars inflation. Especially now that the crypto bubble has popped and regulation is coming.


I know I know…. I’m stupid

 

What are we supposed to think when you say...

"time for hard assets boys"

followed immediately by...

"I’m sticking with btc"

 

The sec says Btc is a commodity. Along with everyone else. Anyway I’m not using it as an investment for to the moon gains. Just a s
Hedge against the dollars inflation. I’m slowly gathering investments in small cheap midwestern land plots, studios in high travel/tourist areas that I can airbnb/rent, and in coin/metal


Oh and guns. Lots of fucking guns.

 

what is 50 guns gonna do that 2 and a backpack of mags won't do if you gotta skedaddle off somewhere in a hurry? seems like a bad investment (another one). i wouldn't say the air bnb one is (yet), but people are pushing that into "better off just going to a hotel" in a lot of places along with communities and home owners getting tired of it ruining their vibes/markets. i'd expect some regulations to come down at some point here in the future which make me nervous about snatching up stuff for air bnb as opposed to just rentals.