And here I was reducing my Apple position. I'm an idiot.

nvm. APPL didn't pop yesterday so I'm still a genius.

I'm very disappointed with how Nasdaq hasn't kept up with S&P 500. I'm guessing inflationary concerns but don't get it, the MAGA companies have plenty of cash and (arguably) upside. In fact, I'm thinking they are too big and should be split up.

It's long past time to do some good old-fashioned trust busting.

I felt that way in the 90s. But it's gotten so much worse and I don't know where you're going to find lawyers and courts open to letting it happen

SI

100%

Looks like Europe agrees with you

https://www.nytimes.com/2021/04/30/t...app-store.html

Today hurt, especially for big tech.

I'm beginning to understand the contrarians. I would have bet last year sucked and this year would be great.

Inflation worries including the big spending plans has gotten market spooked. Assuming Biden gets all his big spending plans out of the way in his first year, I'm okay with minimal gains/loss this year with the assumption markets will stabilize/accept/process the implications, and then we return to growth next year. Just get all the "spending & tax" news out of the way now, don't let it drip drip drip for the next 3 years.

My mutual fund is crying.

Thanks Biden.

/still has 25 years to go on drawing from 401/403

Futures looking pretty good this morning. Attributed to the lifting of mask mandate. My speculative plays in BMBL and SPCE is sucking really big time. ARKK and its overweight on TSLA & is still sucking, Cathie has lost her magic.

Dow +.4
S&P +.6
Nasdaq +1

Now my mutual fund has been smiling the last two days.

Thanks Biden!

As a male consumer, I still don't get the appeal of Bumble. I'm sure it's great for the ladies but I don't know why guys would join.

You kind of answered your own question.

Yeah baby. Good couple days but still didn't make up for the week.

I wouldn't say Biden gets all the blame or kudos on the economy or markets right now. There are still Trump lingering effects but Biden does get the majority at this stage. The economy and markets are reacting to Biden's proposals, (in)actions etc.

Exactly. It is like asking "Why do bars have Ladies nights?"

Stock market futures are pretty muted. I was expecting the markets to take a hit because of the 15% min corporate tax rate announcement.

Hoping Apple gets a bump with WWDC this week.

The tax rate has been announced but what are the chances of it getting enacted?

Apple's announcements today were ... underwhelming. And the stock market rewarded it appropriately with a .01% gain. Sure hope they have something exciting coming up rest of WWDC.

Don't really know the chances of 15% getting passed. But just by the fact there's some momentum (and cooperation with allies) should put these multi-nationals on notice.

Glad to report the stock market has been pretty darn good for me in June. My tech/Nasdaq stuff is still lagging the S&P stuff but I still have high confidence that tech oriented funds & ETFs will come out ahead in next 5 years.

I bought ARKK in several 401k, IRA, HSA accounts (I have like 9 retirement accounts for whatever reason). All but one is back in the black. The other is still like -15% because I bought at the very high. I have a small position in SPCE which jumped 30+% yesterday. I've owned speculative stock that gained +10% in a day but this one is a personal best.

Oh what the heck.

Submitted limit order $20 for DIDI on first day of IPO. The uber of China. Hopefully it does better than my other first day IPO Bumble.

Well frack me. Lost 14% on DIDI.

Have to stop buying on first day.

Or, just hear me out now, you need to spend double on the next IPO!

:-)

DIDI +16% so almost back to even!

There were like 4-5 other IPOs same day. I just need to pick better.

I did sell all of my small position in SPCE a couple days ago. Pre-market says its going up today because Branson will go up into space early Jul (e.g. before Bezos). No regrets though, I made enough money.

I want in on SpaceX (if and when it goes public), I think that is the space stock to own. Yeah, Musk is an ass but he is a visionary & makes things happen.

Yup, frack me. This comes out a couple days after going IPO.

I'm thinking sell DIDI. My guess is there is another 6+ months of uncertainty while trying to get into compliance (?).

Nice week! Stock market up 15+% or so this year.

And checked zillow. House value is up about 22+% in one year. Biden started off slow but (cautiously optimistic) things seem to be picking up.

I have noticed a shift in sentiment in my circle. Talk of an inevitable dip, crash might be too strong a word. I am hearing the phrase unsustainable growth a lot. Who knows, pulled out of my high volatility U.S. investments today to take the profits.

The plan is to move 5-10% of my portfolio in to crypto now that it is struggling. It always seems to move in cycles and it looks like a good time to buy at under 50% of the ATH.

Did sell my DIDI and sold about 50% of my ARKK position at -10 to 15% losses.

Not going to touch crypto anytime soon with China cracking down and Powell's unfavorable comments. I would maybe get in if there is an ETF. But good luck to you and let us know when you get a Lambo!

Mine went up 20% twice in 4 months. Houses here go within 12 hours of being posted, usually above asking. It is still crazy.

In Covington, GA?

Wife and I put a target $ where we would seriously consider selling and moving into a nice 3 bedroom apt. But we figure another 3-4 years before kids' life are "stable" and we can do what we want so still a dream.

We'll stay there for next 3-4-5 years until market settles down. House is paid for so all of that will go into the stock market.

I've also fantasized about buying some land and living in an airstream RV (unlikely but still nice to think I can be the Ben Affleck "The Accountant")

Yes. We are in the heart of a hot market. Our neighborhood is nicer than most, but still more "starter homes." We did a refi, and the house jumped from 180,000 to 200,000 in two months. Two months later, a house just like ours (except with no bonus room) sold for 235,000 four doors down.

Sent from my SM-G996U using Tapatalk

Saw an HGTV remodel show this morning where they listed for 510,000, had 32 offers in a weekend, and sold for 712,000.

Crazy.

Zillow shows ours at a ridiculous price, and that doesn't account for the fact that they have it listed as 3 bedrooms when it's 4, the basement is fully finished and another 1500 sq. ft., and we just built a $50K covered deck.

I blame you for jinxing the stock market today.

Sold some ARKK on Fri. Ironically, it's up today.

But I used those funds to by some APPL which was down like 2.9% today. So hoping it'll work out for the better in the long run (e.g. iPhone 13).

Can't blame me. I got vaccinated. Blame LA for bringing Delta variant to the forefront.

Yeah baby. And just like that we're back.

Futures tonight are showing slight positive. From what I've read, inflation worries are taking a back seat to economic growth worries (which I prefer since I've not experienced significant inflation during my adult life).

Checked BMBL & DIDI today ... yup, glad I sold both. Remember, no first day IPOs for a while.

DIDI down -21% on Friday.

China continues to crackdown on companies like Tencent and TAL Education group. Government is enforcing what it wants to enforce which (I think) in their opinion is good for the social order and competitiveness.

I first saw that as DJI, and I thought "Huh, the Dow lost a fifth of its value in one day, and none of the news sites I go to mentioned it?"

Welp, today was not fun. Futures is showing only a slight negative so that's a good sign.

Apple did great but warns of slowing growth. Hoping to see a great rebound for Apple tomorrow.

China crackdown, slowing growth, increasing Delta infections, concerns about inflation, nothing yet on the infrastructure bill, housing scarcity (and expiring moratorium on foreclosures & evictions). Interesting times we live in right now with all the FUD.

Damn Amazon, falling 7% in after hours. Apple also projecting slower growth in near future. I'm thinking my tech heavy funds are going to suffer 3Q and maybe pick back up in 4Q for the holidays.

Robinhood's IPO failed miserably also, falling -8+% on first day. Good thing I have the new rule of no first day IPO purchases.

Cathy of ARK picked up $45M of Robinhood. She says she looks 5 years forward. I'm beginning to think she just got lucky last year. I've reduced some of my positions in ARK (took my lumps) and bought VUG which, I just looked up, has 6.88% in Amazon ... so that sucks.

Have to remind myself to think long term and continue to dollar cost average via 401k contributions.

I put some money in my index fund yesterday, so it's all my fault if the market drops today. And all indicators are pointing to a drop.

Never really considered Wall St. being a factor (but not the factor) in housing shortage and price run-up.

https://www.cnn.com/2021/08/02/busin...eet/index.html

You should have bought this IPO, Edward!

Hah. I was relieved I didn't buy Robinhood on Day 1 but now regret missing out with its "meme-stock" status (why couldn't it have been Bumble!). ARKK owns some so profited that way I guess.

I do a monthly tracker on +net wealth (unless the market is down, then I don't bother). Overall, the year has been good. Not as good as S&P because I was overweight on tech (and that damn ARKK), but still pretty decent.

Checked zillow tonight. House price has increased even more! It's getting close to the target price wife and I discussed considering selling. In reality, will have to wait since kids are still in college but nice to dream!

I don't know how these things happen but fat chance getting the money back. That company is toast.

Apparently the hackers have started returning some of the assets.

Yeah, I don't think it was a bad ploy by the company. They probably have agreed to some kind of ransom to get some money back.

Still toast.

Apple up 2%+ today. Didn't see any significant news. A $2.45T company now.

Aramco is $7T though.

Nice day yesterday. 401k & IRA look healthy. Today's futures are up above average so hopefully it will continue and end August strong.

Article I read said it the FDA approval helped. Not sure why, you would think it was priced in already somehow.

Apple went up but not as high as other Big Tech but hanging on to it. I reduced my positions some already on it but will stick with what I have now as I'm expecting (okay, hoping for) a bump during holiday season.