Lurker > Zachnorn

wouldn't that have been true since the day you made the account

The Too-Efficient Market hypothesis: the crash and recovery are both already priced in

I also want to say that the interests of investors are often not aligned with the interests of workers in the US generally. Higher wages are linked to lower corporate profits. High employment in the US is also linked to less outsourcing to other countries with lower wage levels, and thus, to lower corporate profits. Lower corporate profits are linked to lower stock prices.

We have been in a very long term trend going back to the end of WWII in which outsourcing caused US wages to stagnate while profits increased. If this trend finally breaks, it may be bad for stocks but you may also feel happy about workers getting paid more.

I wonder what's up with this big reversal from green to red today.

ya go my...

*looks up list of teams*

Uhhh there isn't one anywhere near me or anywhere I've lived

Saw an article yesterday that said 75% of Californians can no longer afford a home. I get it in high COL areas but I'm looking at places where the median income is like 50k and the median home price is like 400k+ and it doesn't really add up, outside of the terrifying thought that only those that have homes to sell and the upper income levels will ever have home ownership as a reality.

Much of the problem is self-inflicted in the sense that people get upset emotionally about losses that are completely normal. As long as the decision was solid, a bad result should not be a reason to get upset. If you cannot deal with the losses emotionally, I guess you probably shouldn't do this, but this is a learnable thing. The thing to learn is that there is a great deal of unavoidable unpredictability in the market, and the more frequently you trade the more chaos there is. That you picked the wrong stocks does not mean your picks were bad. That you picked the right stocks does not mean your picks were good. You could be lucky/unlucky. So don't beat yourself up.

There's also bad decisions in betting too much/not diversifying enough. That is a serious problem financially, and should be treated as being within your control. Because it is. And overbetting will likely lead to losing most of your net worth if you keep doing it.

personally, i like the change, but i truly want universal GMT. does it really matter if one city's daylight is 5-19 on the clock and another's is 16-6? maybe for a couple weeks while people adjust. but once the novelty becomes routine, it's exactly the same day to day experience that we have right now.

Not impossible but I was tested an awful lot and was never positive

Futures are looking up

I agree. Dont buy a home. Hold your stock money as the market will trend up eventually.

You can explain that you could also lose your money on a house. If you are putting 20% down, a -20% move in housing prices wipes out your equity.

I'd say that it depends on what you're invested in. If it's something stable you don't need a huge emergency fund. If it's something high risk then you'd want a bigger one.

If your margin loan has higher interest than your high yield savings account, it may make sense to use your money to invest rather than margin.

FWIW I'm quite bearish on California real estate. It's at the point where everyone complains about how unaffordable it is as is, and with higher interest rates coming, it's really going to be unaffordable to buy soon unless prices drop. So, prices may actually drop.