Money Investing megathread extravaganza - Page 641

**DaFace** · 06:35 PM

A place to talk about investing stuff.

scho63 · 05-21-2021, 12:51 PM

This market has been in a complete slow moving rotation since Jan/Feb.

Out of growth, high tech and speculative and into stuff like Caterpillar, Phillip Morris, Kraft, Exxon Mobil, Boeing, etc.

The old school boring shit has had a great last 6 months.

**Rain Man** · 05-21-2021, 02:59 PM

Quote:

Originally Posted by lewdog

Yes. Any taxable income for the year and as long as you don’t make more than $140k/year.

Eh, I think it has to be earned income.

**lewdog** · 05-21-2021, 03:11 PM

Quote:

Originally Posted by Rain Man

Eh, I think it has to be earned income.

God dammit you’re right. I’ll update my post. That’s what I get posting at work.

MTG#10 · 05-21-2021, 03:57 PM

Refinanced my mortgage today through UWM. Not sure why I waited so long but figured I'd help the cause since I own so many shares. Knocked 8 years off my loan and my monthly payment dropped $50. 2.875%, not as good as some I've seen but better than what I was paying.

Hog's Gone Fishin · 05-21-2021, 03:59 PM

Quote:

Originally Posted by MTG#10

Refinanced my mortgage today through UWM. Not sure why I waited so long but figured I'd help the cause since I own so many shares. Knocked 8 years off my loan and my monthly payment dropped $50. 2.875%, not as good as some I've seen but better than what I was paying.

That's awesome. Congrats!

ChiliConCarnage · 05-21-2021, 04:46 PM

Quote:

Originally Posted by Buehler445

Not that I'm disagreeing, but where are you reading that there is a lot of liquidity tied up in checking and savings accounts? My wife doesn't seem to have trouble finding places to dump my cash.

If the velocity of money were to improve that would definitely help.

https://www.businessinsider.com/stim...reserve-2021-4

Look at the Fed personal savings chart. Pretty crazy.

https://fred.stlouisfed.org/series/PSAVERT

**lewdog** · 05-21-2021, 04:51 PM

Quote:

Originally Posted by MTG#10

Refinanced my mortgage today through UWM. Not sure why I waited so long but figured I'd help the cause since I own so many shares. Knocked 8 years off my loan and my monthly payment dropped $50. 2.875%, not as good as some I've seen but better than what I was paying.

Nice man!

I used them earlier this year to refinance and it was super smooth and quick.

**Buehler445** · 05-21-2021, 07:37 PM

Quote:

Originally Posted by Rain Man

Eh, I think it has to be earned income.

It does. But surely he has some earned income, right?

Quote:

Originally Posted by ChiliConCarnage

https://www.businessinsider.com/stim...reserve-2021-4

Look at the Fed personal savings chart. Pretty crazy.

https://fred.stlouisfed.org/series/PSAVERT

That’s wild. Great stuff. This is literally the first I’ve heard anyone talking about it. Thanks.

The unfortunate thing is that without a government shut down and fear mongering most of that money would have went to business. Probably local business because big business didn’t shut down.

neech · 05-21-2021, 07:47 PM

Quote:

Originally Posted by MTG#10

Refinanced my mortgage today through UWM. Not sure why I waited so long but figured I'd help the cause since I own so many shares. Knocked 8 years off my loan and my monthly payment dropped $50. 2.875%, not as good as some I've seen but better than what I was paying.

If you had told them you were a major shareholder in their company they would’ve lit you a cigar, poured you a glass of the finest brandy and treated you like a big shot. You missed your chance.

I’ve told people about refinancing and to take advantage of it some people just will not do it. I never understood that.

MTG#10 · 05-21-2021, 07:50 PM

Quote:

Originally Posted by neech

If you had told them you were a major shareholder in their company they would’ve lit you a cigar, poured you a glass of the finest brandy and treated you like a big shot. You missed your chance.

I’ve told people about refinancing and to take advantage of it some people just will not do it. I never understood that.

I actually did tell the girl, she just said "Oh that's wonderful thank you so much!" and went back to business.

Guess a measley 1000 shares wouldn't be considered "major" though.

neech · 05-21-2021, 07:52 PM

Quote:

Originally Posted by MTG#10

I actually did tell the girl, she just said "Oh that's wonderful thank you so much!" and went back to business.

Guess a measley 1000 shares wouldn't be considered "major" though.

Maybe they were out of cigars and fine brandy.

**Rain Man** · 05-21-2021, 09:04 PM

Quote:

Originally Posted by Buehler445

It does. But surely he has some earned income, right?

My impression is that he was talking about after retirement. I don't think being a gigolo to widows is technically earned income.

MTG#10 · 05-23-2021, 07:11 PM

I haven't been able to stomach SNL for years, but watched last night because the most beautiful woman in the world was hosting...anyone catch the last skit making fun of AMC at the end? Pretty random, almost seems like shorts are not only paying people to spread FUD online but now SNL. I'm half-joking on that last part.

**lewdog** · 05-24-2021, 09:52 AM

Let’s ****ing go bitches!

neech · 05-24-2021, 02:52 PM

A nice day for stocks.

06-27-2016, 11:23 AM
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05-21-2021, 12:51 PM	#9601
scho63 Politically Incorrect Join Date: Feb 2009 Location: Scottsdale, AZ Casino cash: $771110	This market has been in a complete slow moving rotation since Jan/Feb. Out of growth, high tech and speculative and into stuff like Caterpillar, Phillip Morris, Kraft, Exxon Mobil, Boeing, etc. The old school boring shit has had a great last 6 months. __________________ *"The only difference between sex for free and sex for money is that sex for free costs you a WHOLE LOT more!"* ~Redd Foxx~ ~~2018 2019 2020 20212022 2023~~ 2024 Adopt a Chief - Clark Hunt and Brett Veach "The men who drafted Patrick Mahomes"
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05-21-2021, 03:57 PM	#9604
MTG#10 Mammoth penis Join Date: May 2006 Location: Springfield Casino cash: $7194386	Refinanced my mortgage today through UWM. Not sure why I waited so long but figured I'd help the cause since I own so many shares. Knocked 8 years off my loan and my monthly payment dropped $50. 2.875%, not as good as some I've seen but better than what I was paying.
Posts: 11,434	2 0

05-23-2021, 07:11 PM	#9613
MTG#10 Mammoth penis Join Date: May 2006 Location: Springfield Casino cash: $7194386	I haven't been able to stomach SNL for years, but watched last night because the most beautiful woman in the world was hosting...anyone catch the last skit making fun of AMC at the end? Pretty random, almost seems like shorts are not only paying people to spread FUD online but now SNL. I'm half-joking on that last part.
Posts: 11,434

05-24-2021, 09:52 AM	#9614
lewdog Mod Team Join Date: Sep 2011 Location: Valley of the hot as **** Casino cash: $-68100	Let’s ****ing go bitches!
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05-24-2021, 02:52 PM	#9615
neech MVP Join Date: Mar 2019 Location: KC Casino cash: $3450400	A nice day for stocks.
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