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02-02-2024, 11:21 AM | #13681 |
Veteran
Join Date: Oct 2002
Location: Bismarck
Casino cash: $498196
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Facebook is going on a tear this morning since it best earnings I guess. Just read that if it closes at wha it is now it would be the largest 1 day gain in stock market history. Good news for the ones that have it.
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Posts: 1,352
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02-07-2024, 09:46 PM | #13682 |
2 Legit 2 Colquitt
Join Date: Sep 2010
Casino cash: $3555754
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NVDA crossed $700 today. Just insane growth.
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Posts: 4,760
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2 0 |
02-07-2024, 10:08 PM | #13683 | |
2 Legit 2 Colquitt
Join Date: Sep 2010
Casino cash: $3555754
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Quote:
My net worth is too volatile to calculate since we just sold my house and bought a new one in November. I wasn't looking forward to having a mortgage again but I like the new house enough that I don't mind. These are my top ten IRA positions by value in decreasing order: NVDA |
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Posts: 4,760
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02-07-2024, 10:08 PM | #13684 |
Politically Incorrect
Join Date: Feb 2009
Location: Scottsdale, AZ
Casino cash: $921110
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Hog Farmer bought it at like $38 and sold it like at $56 thinking he had a windfall.
He hates that more than the Raiders or Broncos
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"The only difference between sex for free and sex for money is that sex for free costs you a WHOLE LOT more!" ~Redd Foxx~ "The men who drafted Patrick Mahomes" |
Posts: 52,652
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02-07-2024, 10:17 PM | #13685 | |
2 Legit 2 Colquitt
Join Date: Sep 2010
Casino cash: $3555754
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Quote:
I just did the math and it's at 27x what I paid for it. ****ing ridiculous. |
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Posts: 4,760
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02-07-2024, 10:25 PM | #13686 |
2 Legit 2 Colquitt
Join Date: Sep 2010
Casino cash: $3555754
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What really strikes me looking back at historical performance is how fast the growth compounds. It took me nine years to hit six figures in my IRA account. It took less than two years after that to double it.
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Posts: 4,760
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02-18-2024, 06:11 PM | #13687 |
MVP
Join Date: Oct 2006
Location: West of the Equator
Casino cash: $69901
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CD rates are rising?
I have a CD coming due on Tuesday. I looked at rates a couple of weeks ago and I was certain my next CD would be less than 5%. Short term rates were higher, but longer rates were lower and lower the longer the term. I checked today to see what I could get. Low and behold ALL terms of CDs are suddenly above 5%, some much higher. This is confusing because everyone was saying CD rates would fall, fall, fall. I'm not sure why this is happening, but I'm happy about it. |
Posts: 13,722
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02-18-2024, 06:22 PM | #13688 | |
TACO SALAD
Join Date: Apr 2008
Location: yes
Casino cash: $-41532
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Quote:
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Posts: 6,427
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02-18-2024, 06:25 PM | #13689 | |
MVP
Join Date: Oct 2006
Location: West of the Equator
Casino cash: $69901
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Quote:
I get that for the short term, but why are 5 year CDs suddenly above 5%? If the consensus is that inflation will drift to 3% or lower, why are long term CDs paying much higher than that? |
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Posts: 13,722
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02-18-2024, 06:39 PM | #13690 |
TACO SALAD
Join Date: Apr 2008
Location: yes
Casino cash: $-41532
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Dunno, yeah, that wouldn't make much sense. Schwab has some from 3.9-4.2% for 5 year. Even that seems surprisingly high to me.
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Posts: 6,427
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02-18-2024, 07:00 PM | #13691 |
The End of All Your Dreams
Join Date: Apr 2006
Casino cash: $591241
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Let's ****ing go, my financial advisor
My first year of having a money manager. Seems like it shouldn't be this easy to sit here and profit |
Posts: 49,032
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02-18-2024, 07:01 PM | #13692 |
The End of All Your Dreams
Join Date: Apr 2006
Casino cash: $591241
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Also btc and eth is off the chain
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Posts: 49,032
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02-18-2024, 07:15 PM | #13693 |
Politically Incorrect
Join Date: Feb 2009
Location: Scottsdale, AZ
Casino cash: $921110
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This market feels like it is getting way ahead of itself.
__________________
"The only difference between sex for free and sex for money is that sex for free costs you a WHOLE LOT more!" ~Redd Foxx~ "The men who drafted Patrick Mahomes" |
Posts: 52,652
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02-18-2024, 07:27 PM |
Hog's Gone Fishin |
This message has been deleted by Hog's Gone Fishin.
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02-18-2024, 07:57 PM | #13694 | |
Seize life. Be an ermine.
Join Date: Jul 2001
Location: My house
Casino cash: $1468491
VARSITY
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Quote:
If you're a bank, you're typically making some long-term loans. If you pay me a 5 percent rate for 5 years, and then you loan that out to some sucker with a 30-year mortgage at 6 percent or a 10-year car loan at 8 percent, then you're making money. That said, a JP Morgan CD that I had at 5.6 percent just called it in. That really sucks. I knew it was callable but didn't know how likely it was to happen. It was a 5.6 percent CD so I was really happy, but in the fine print they can call it and just give me my money back early, and they did that. It's the first time I've had that happen, so unless it starts happening more frequently with other banks I'll be avoiding JP Morgan CDs going forward.
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Active fan of the greatest team in NFL history. Last edited by Rain Man; 02-19-2024 at 12:04 AM.. Reason: Typographical error required fixing. |
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Posts: 143,119
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02-18-2024, 08:02 PM | #13695 |
Seize life. Be an ermine.
Join Date: Jul 2001
Location: My house
Casino cash: $1468491
VARSITY
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I hear that it'll likely have a big jump in one direction or the other. It's become my largest holding by a fair bit, so Wednesday is going to be a suspenseful day.
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Active fan of the greatest team in NFL history. |
Posts: 143,119
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02-18-2024, 08:08 PM |
Hog's Gone Fishin |
This message has been deleted by Hog's Gone Fishin.
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02-18-2024, 08:29 PM |
Hog's Gone Fishin |
This message has been deleted by Hog's Gone Fishin.
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02-18-2024, 08:41 PM |
Hog's Gone Fishin |
This message has been deleted by Hog's Gone Fishin.
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