$200,000 (aus)
Thanks for the link btw
Itās fucked how 200k is a mere house deposit in Australia. I really donāt think yāall houses are worth over a million dollars.
It isnāt for a lot of people and i agree a million dollars for a house is outrageous.
I moved up the coast a little so could buy by the beach and not still be in debt when Iām 90.
Sydney is insane.
is trump making any changes for health insurance requirement?
I donāt like paying all dat moneyā¦all the timeā¦
making some nice gains here in the market, bought some stuff like biotech and bank of america on that last pullback we had on the last trading day of 2016, uptrend of the market is still intact.
Not really the thread for it (unless you want to speculate on Anthem or Cigna), but the Republicans say they will change it. Theyāve been saying theyāll change it for 4+ years though and still have no idea how, so conventional wisdom is it wonāt be changing any time too soon.
Now that I mention Anthem and Cigna though, their merger was blocked by the government (still in court?). Thatās something that realistically could be changed in a hurry by the new administration if they were of a mind to. Both companysā stocks, coincidentally, went way up after the election. So maybe too late, but maybe theyāll go up a bit more if things really do work out for them.
a friend of mine was talking about how the market trend has usually been, dropped in 2k and '08, but seems to have missed '16. do you think itās still coming this year, or maybe the jinx will completely bypass the election year this time?
-Starhammer-
The market is generally over-valued at the moment and getting worse, so a correction is inevitable.
That said, trying to actually time market corrections is usually a mistake.
Between every 8 to 12 years the markets fail
I think itās actually every 4-9 years we have a contraction.
Just sold some stock for a nice 60% gain :tup:
Question for you day traders (probably just Ken and maybe Recessiontime): do you mostly trade stocks that have lots of activity (or big market cap)? Iām just curious.
just sold out of my LABU position, nice gap up on the open, imma take this 35% gain in 1 week, thank you very much.
i dont day trade anymore, i ended up working a bunch of overtime during the fall and i just didnt have the time to do it, now i just look for swing trades for 1-2 weeks at a time. day trading requires too much attention, but when i was doing it, basically just looking for stocks that have high volatility, which is usually the smaller market cap or smaller float stocks.
I donāt day trade period and donāt trade stocks at all. I did a little a few years ago but lost like 4k in blue chips.
I might come back to it but itāll be options trading this time around. I donāt have the stomach to wait 2-5 years to see results in stock markets.
Iām about to buy some platinum miners.
Platinum is rarer than gold, and used more commercially, yet itās $250. Doesnāt make sense; Iāll bet that every day.
Also looking into uranium and zinc miners.
I make most of my money on commodities, so Iāll stick with that.
The Dow broke 20,000 and all is quiet?
its just a number, stocks go up over time, we would eventually break it at some point.
Remember when we broke 12,000 before 2008 then it went to like 5,000 or somethingā¦
yea manā¦this year is going to be one hell of a roller coaster ride. My positions crap atm and due to new job, donāt have time any more to do stock trading; thinking of liquidating my account by end of this year.
@BraboChoke : Check out the this reddit sub, https://www.reddit.com/r/personalfinance/
Excellent advice in there.
My only personal finance problem that I can control is eatimg too damn much :mad: Itās impossible for me to spend less than $300 on my food bill a month, especially when I like trying ouy new dishes to cook.
Its been skirting under 20k for the last month.
That being said I have money in ETFs of gold and physical gold and silver. Waiting for the crash at this point.
Last crash Gold was up at 3k and Silver $50.
Imo, Its pumping the market to set up Trump for a massive crash. Other thing that can happen is the American dollar crashing and the end to the Petro dollar. Either way metals seem safe to me.