General Investing and Economics Discussion - No Politics

Deleted member 2897

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Looks like some form of a stimulus bill will pass in the next month - $1T - $2T worth. The economy so growing around 6% per year - way above historical averages. With this stimulus, economists are forecasting 7% GDP growth this year. Could be one of the better economies we’ve seen in awhile, although it’s creating significant inflation and asset bubbles. Still not sure with such a strong economy and the stock market at record highs why we need to blow up the treasury, but I guess it’s the way of the world. I I think I just read that CEO confidence was at a near 2 decade high. Business investment is strong and growing. We’re in a pretty solid place right now, also getting a significant tailwind from the vaccine.
 
dtm1997

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Snagged my 1st pack of NBA Top Shot today. Fun experience and snagged a few cool moments, probably enough to cover what I paid.

That said, having now gone through it, that's absolutely some bubblicious stuff, right there.
 
dtm1997

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dtm1997 said:
Snagged my 1st pack of NBA Top Shot today. Fun experience and snagged a few cool moments, probably enough to cover what I paid.

That said, having now gone through it, that's absolutely some bubblicious stuff, right there.
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Have sunk in about $243 in principal & fees. Bought $206 worth of items (an Okogie assist + a pack). Sold a rookie from the pack for $375 and now have a nice little chunk to buy more packs.

My review of NBA Top Shot - a fun combination of trading cards, casino gaming, and pyramid scheme. Will keep going until I lose my $243 (big whoop) or can cash out for thousands and pay taxes.
 
Milwaukee

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dtm1997 said:
Have sunk in about $243 in principal & fees. Bought $206 worth of items (an Okogie assist + a pack). Sold a rookie from the pack for $375 and now have a nice little chunk to buy more packs.

My review of NBA Top Shot - a fun combination of trading cards, casino gaming, and pyramid scheme. Will keep going until I lose my $243 (big whoop) or can cash out for thousands and pay taxes.
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The concept is pretty cool imo. Once it hits European Soccer, and it will, I’ll definitely jump in. I think PGA would be cool too.
 
dtm1997

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Milwaukee said:
The concept is pretty cool imo. Once it hits European Soccer, and it will, I’ll definitely jump in. I think PGA would be cool too.
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Goals & saves would be really cool in this format.

The social media guy was on while I was waiting to buy my pack and he indicated they're looking for other applications for this product. Mentioned Pokemon Go. Haha!
 
Pointer

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dtm1997 said:
I bought a very small amount of ETH last night. I'm really just dabbling with craps table money, only it's for a long term hold, instead of a half hour in the casino.

My Litecoin is almost break even after 3+ years.
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If you want to go super speculative, look into polymath (soon to be converted to polymesh) and another good potential is nano. Nano has a very low circulating supply (similar to that if bitcoin), and zero transaction fee. Transactions are also much faster then most (if not all) other cryptos. They've been around since 2018, but rebranded their name to make it more catchy.

Anyways, these two are good for throwing some funny money at and forgetting about it for a while.
 
dtm1997

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GTRanj2 said:
If you want to go super speculative, look into polymath (soon to be converted to polymesh) and another good potential is nano. Nano has a very low circulating supply (similar to that if bitcoin), and zero transaction fee. Transactions are also much faster then most (if not all) other cryptos. They've been around since 2018, but rebranded their name to make it more catchy.

Anyways, these two are good for throwing some funny money at and forgetting about it for a while.
Click to expand...
Through a combination of laziness and what's licensed in my state, I only have access to Coinbase, so when they started trading Polygon & Skale today, I threw $50 bets on the craps table and I'll let it ride.

I also threw like $25 at Ren after watching a Youtube video.

I'll keep an eye on those two though.

I LOVE RAMPANT SPECULATION IN THE MIDDLE OF ASSET BUBBLE!!!!
 

Deleted member 2897

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dtm1997 said:
Through a combination of laziness and what's licensed in my state, I only have access to Coinbase, so when they started trading Polygon & Skale today, I threw $50 bets on the craps table and I'll let it ride.

I also threw like $25 at Ren after watching a Youtube video.

I'll keep an eye on those two though.

I LOVE RAMPANT SPECULATION IN THE MIDDLE OF ASSET BUBBLE!!!!
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I just looked up the Fed balance sheet. They’ve been using printed money to buy our own government bonds (talk about house of cards), corporate bonds, mortgages, etc to artificially hold interest rates down. They currently have almost $8 Trillion worth of those on their balance sheet now. Simply incredible. S&P500 valuations have only been this high twice before - at the start of the financial crisis and at the start of the dot com implosion. We’re doing the same thing again - inflation is rampant and the Fed is going to be pressured to raise interest rates - or, watch the working class continue to fall further and further behind due to massive effective tax hikes (increasing cost of living). Increasing interest rates always pops the bubbles. Americans won’t be able to afford the cost of living and pay more and more for their debt. We’ll once again ruin one of the best economies we’ve ever had and will need more bailouts...to save us from what they did to us yet again. Rinse and repeat.
 
mts315

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I think the market keeps going up for this year and a good portion of next but the crash will be sometime in 2022. The late 2020's will be a lot like the mid to late 70's.
 

Deleted member 2897

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mts315 said:
I think the market keeps going up for this year and a good portion of next but the crash will be sometime in 2022. The late 2020's will be a lot like the mid to late 70's.
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that is probably a good guess. Because the government is printing money and playing both sides of the game at the same time. They’re handing out money, buying peoples’ debt and companies’ debt, and forgiving and wiping out other debt. That sort of game can likely continue for a while.
 
LibertyTurns

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I’m in prime earning and investing time. Last thing I need now is for Mr Magoo to tank the economy. I’m currently de-risking my portfolio incrementally every time we get one of these dips. It’s working out fabulously. I’d feel better about prospects if we had somebody that knew what he was doing but it is what it is.

Consumer spending will surge once the few states clinging to their shutdowns finally cave. GDP growth should exceed 10% for a while. If we can avoid confiscatory corporate and individual tax policies, stick with fair trade negotiations, have some fiscal responsibility and avoid significant levels of damaging anti-business regulations we’ll be on fire.
 

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LibertyTurns said:
I’m in prime earning and investing time. Last thing I need now is for Mr Magoo to tank the economy. I’m currently de-risking my portfolio incrementally every time we get one of these dips. It’s working out fabulously. I’d feel better about prospects if we had somebody that knew what he was doing but it is what it is.

Consumer spending will surge once the few states clinging to their shutdowns finally cave. GDP growth should exceed 10% for a while. If we can avoid confiscatory corporate and individual tax policies, stick with fair trade negotiations, have some fiscal responsibility and avoid significant levels of damaging anti-business regulations we’ll be on fire.
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it really is a shame - the economy is growing so fast right now and is at record levels, if they would’ve just left things alone and not spent multiple extra trillions of dollars, we could’ve actually had a balance budget within a year.

As it stands we added $4.5T to the debt last year and we’ve already passed $1T this year in month 5, plus now multiple extra trillions more.

In 2008 our entire debt across our near 250 year history was $10 Trillion. We may add close to $10 Trillion just in 2020 and 2021 alone.
 
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