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Old 08-21-2020, 08:01 PM   #861
Babylon
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Shoulda bought more when the split was announced.
Itís never too late.
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Old 08-26-2020, 04:06 PM   #862
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Thank God we all kept Netflix.
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Old Yesterday, 12:03 PM   #863
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Hey Cain - what should I glean from the $7.25 reference price on Palantir? Is the NYSE calling the company a valueless fraud before "investors" have a chance to, or is there some other reason it's starting so low (especially in the face of, say, Snowflake kicking off at like $240).

I was excited to use them as my first short, but it's so low already, losing 50% of it's value is less meaningful.
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Old Yesterday, 12:41 PM   #864
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it's because Peter Thiel is just blowing all their money on young people's blood to inject himself with
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Old Yesterday, 12:46 PM   #865
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I am mostly liquid right now and ready to jump in when the market tanks again. I can’t imagine we’re not going to see a catastrophic drop off at some point in the next 6 months or so.
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Old Yesterday, 01:02 PM   #866
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I am mostly liquid right now and ready to jump in when the market tanks again. I can’t imagine we’re not going to see a catastrophic drop off at some point in the next 6 months or so.
that's a good call. wife and I are just stashing everything for now and dumping money into our house.
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Old Yesterday, 01:49 PM   #867
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Originally Posted by njx9 View Post
Hey Cain - what should I glean from the $7.25 reference price on Palantir? Is the NYSE calling the company a valueless fraud before "investors" have a chance to, or is there some other reason it's starting so low (especially in the face of, say, Snowflake kicking off at like $240).

I was excited to use them as my first short, but it's so low already, losing 50% of it's value is less meaningful.
To be honest, while I dabble in IPOs and options this is out of my wheelhouse.

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I am mostly liquid right now and ready to jump in when the market tanks again. I can’t imagine we’re not going to see a catastrophic drop off at some point in the next 6 months or so.
I honestly don't know what to expect any more. With the Fed throwing everything at the markets trying to keep everything afloat, I don't know that we are going to see a massive correction. I can't find the quote, but I believe back in the 90s Clinton said something to the tune of having conquered the market cycle. After 08-09, and this year, we might start to see smaller and shorter market declines.
That is until there is a Black Swan or, our debt gets out of control.

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that's a good call. wife and I are just stashing everything for now and dumping money into our house.
Depending on what your finances are, what you're doing and what your goals are this could be a less than ideal situation.

Now I know we are considerably younger, but I have had to have the conversation with my dad recently that paying off his house faster might not be the best solution.

Homes are pretty illiquid, especially for us that are pretty young and don't have access to reverse mortgages, so depending on what you're trying to do, keep some assets liquid.
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Old Yesterday, 02:14 PM   #868
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Yeah I’m not in a rush to pay off my house until I have enough saved to almost totally wipe out the debt. Even then, might not be the best play, but it would be tough to resist.
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Old Yesterday, 02:17 PM   #869
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Old Yesterday, 02:21 PM   #870
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Depending on what your finances are, what you're doing and what your goals are this could be a less than ideal situation.
sorry, not our mortgage; I meant doing renovations and etc., we're about reno our patio and maybe pull the trigger on a pool.
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Old Yesterday, 02:24 PM   #871
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it's because Peter Thiel is just blowing all their money on young people's blood to inject himself with
I feel like this was a pretty charitable description of what Peter Thiel actually does, day to day.
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Old Yesterday, 02:27 PM   #872
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I feel like this was a pretty charitable description of what Peter Thiel actually does, day to day.
well, yeah, the other thing he does is support fascism and white supremacy.
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Old Yesterday, 02:33 PM   #873
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I mean, he's a literal vampire. I'm pretty sure Cheney is his sire, if I remember my Buffy lore.
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Old Yesterday, 02:45 PM   #874
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well, vampires are good at deception

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Old Yesterday, 03:15 PM   #875
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Just from a purely tech side, Gotham was a major step forward for a lot of federal agencies.
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Old Yesterday, 04:07 PM   #876
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Quote:
Originally Posted by Rob S View Post
I am mostly liquid right now and ready to jump in when the market tanks again. I canít imagine weíre not going to see a catastrophic drop off at some point in the next 6 months or so.
A lot of the high fliers were down 30% in the spring and another 20% just recently. Not sure waiting on the big one is a sound strategy.
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Old Yesterday, 04:08 PM   #877
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Time in the market is better than timing the market.
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Old Yesterday, 04:17 PM   #878
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make me more than 1.2% safely

just like dow/nasdaq?
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Old Yesterday, 04:23 PM   #879
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Quote:
Originally Posted by fenikz View Post
make me more than 1.2% safely

just like dow/nasdaq?
Welcome to investing, where everyone wants to make a butt ton "safely".

Right now, if you want anything "safe" you're looking at Treasuries and Short Term Bonds, but you're looking at MAYBE 3% yield. Interest rates are supposed to be steady, so you're not really looking at that eating at your return.

If you want to make equity like returns (5%+) right now your going to have to take on some risk. Either with High Yield, or dabbling in the market. I am sure many people here will disagree, but I don't think Index investing is the way to go there.

Right now the S&P is ~25% 5-6 companies. Performance is largely driven by tech stocks which are being inflated by inflows and what not, blah blah blah market cap weighted blah blah.

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Old Yesterday, 04:27 PM   #880
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IBC's holding out on us. let's make him chew foil
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