School me on investing...

Grny

 

ITA - Aerospace & Defense...up 86% since I got it a couple years ago.

 

so.... shiny rocks guy- you sticking with that S&P @3000 prediction? 2 months ago it was the end times, now we're back to all time highs. I don't expect it to keep the same upward trajectory, but don't see why it won't be 6000+ by the end of the year

 

All I know is that so far, I'm glad I bet on a Taco Bell strategy before taco was a thing.

 

Me?

Yep.

Actually, I said "start with a 3", though. 3000 flat seems a bit doom & gloom.

 

Since this thread is almost ten years old, it would be very interesting to go back and evaluate the predictions people made.

 

that's what we have Papa for...

 

3999 is pretty gloomy

 

Wrong isn't necessarily stupid. I mostly notice stupid. Like the Jumia Golden Boy or Cortez and the Metaverse.

 

I have more input,but the last time I got specific, I caught a ban. I'm still unsure of why, but I don't make the capricious rules around here. Maybe I'll try to get some specifics into a cogent, un-ban worthy post to here:

Look up "Federal Reserve as buyer of last resort"

"$9 trillion debt wall in 2025"

"drying up buyers for treasuries"

But, really, ask yourself just "why" this past May was the best May in decades for the overall stock market? What really moved the market? Was it positive fundamental information? (hint:NO) Was it news hinting at lower tariffs? (hint:yes) Was it bad economic data hinting at Federal Reserve rate cuts? (hint:yes)

NOTHING fundamentally positive has occurred in the past several weeks. NOTHING. The P/E ratio of the S&P500 is still sky high.

Let's get through June's debt wall, and the next earnings season and see what's "gloomy"

 

I do wish you'd hang out in a forum where you actually do what the other members do. Like think precious metals are the future. Or pick up poop for a living. NTTAWWT.

 

Funny, there's a Southern colloquialism that fits the theme of the thread just as well as it replies to your post:

Wish in one hand, shit in the other.
See which one fills up first for ya, brother.


Thinking that you know what I "do for a living" is your second mistake.

 

umm... I may not agree with auminer's investment choices but can't recall off the top of my head any great insights you've shared here.

 

You don't agree with them yet...

 

Anyone that can identify and turn dogshit into a revenue source is probably 10x smarter than the person running around telling you to buy gold.

 

I bet there's just a few companies making that average p/e look so high; the vast majority of my investments have very reasonable p/e's. As for your other points- they may be 100% true, but the overall theme seems to be "fear based investing" which IMHO will not have great results.

 

I don't have any. If I do have replies in this thread, they are few. I keep my mouth shut on finances. I've made mistakes in the past (some big) as well as had great luck. Most of this thread from select folks are only their highlights and not the total picture.

An example from another forum - a guy there posted mainly in the stock market/investment thread there, not adding much value to the common interest (of the forum) there. As if none of his choices were bad ones. On top of that, it wasn't money he earned/generated, as his wife was the big breadwinner (doctor). I hate people like that.

It remind me of a cartoon I once saw in MAD magazine: a bunch of teenaged boys were bragging about all the hot girls they had action with. One kid's dad walked by, overheard the conversation and simply stated "With regard to 'getting action,' the more a guy talks about it, the less true it is."

There are many folks here much more successful in life and with their finances than me and most others here. And they keep their mouths shut on a public forum. Their actions speak much louder than words.

Oh, and I mainly read this thread for the entertainment value, not stock pics. I'm now too old to gamble big time with my money. And as was stated earlier in this thread by someone, investing is just another form of gambling.

 

Hmmmmm... Something is afoot.

 

@Tristan , you still long TSLA?

 

Cortez and the Metaverse would be a great name for a thrash metal or EDM band.