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Post by cadman on Jan 13, 2024 17:03:43 GMT -5
I know Squat about the markets but I've been getting 19.4 % on a thing called Saverient ? Bakers dozen for 6 years now. My hunting Pard runs 6 Raymond James offices, and I just had him treat my money just like his. Seems to work and I don't really pay attention except to the monthly statements. One day I'll be able to go to Thailand and burn it all on Bar Girls... Bud can you please check the spelling on that, I cant seem to find it. Thanks! Sabrient Baker's Dozen is what I think he meant.
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Post by conchydong on Jan 13, 2024 17:14:30 GMT -5
Bud can you please check the spelling on that, I cant seem to find it. Thanks! Sabrient Baker's Dozen is what I think he meant. I can’t do a L O L on the phone, but this is a L O L
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Post by madm002 on Jan 14, 2024 8:18:24 GMT -5
Roger that, thanks!
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Post by TRTerror on Jan 14, 2024 8:39:08 GMT -5
YEA , That sounds like it . told you I don't pay that much attention to it. I got a guy that does that for me..
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Post by swampdog on Jan 14, 2024 9:06:54 GMT -5
Having a pard that’s up on investments as your’s is, and taking care of your investments like it’s his, is a very sound investment strategy.
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Post by TRTerror on Jan 14, 2024 10:35:39 GMT -5
I'll be Hog hunting with him today and I will ask him Zero questions about my account. If his is doing good..so is mine.
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Post by mackeralsnatcher on Jan 14, 2024 12:17:50 GMT -5
I concur I played around for awhile and lost money. Thought I was smart enough to handle it myself. I now leave it to the pros. Sometimes ya just gotta know when you are in over your head.
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Post by TRTerror on Jan 14, 2024 23:43:54 GMT -5
I'm not really al that interested in this market stuff. It was either let him make it grow or bury it in an Ammo can in the back yard. He did , He's still doing..
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Post by ferris1248 on Jan 15, 2024 9:04:44 GMT -5
Decided to go dabble in commodities instead.
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Post by madm002 on Jan 15, 2024 13:24:48 GMT -5
Decided to go dabble in commodities instead. Say what? Maybe some options on commodity future while you are at it?
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Post by ferris1248 on Jan 17, 2024 10:35:36 GMT -5
Energy and defense are about the only things I've got positive today.
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Post by ferris1248 on Jan 19, 2024 7:41:40 GMT -5
So many opinions......I do agree we have to get the money supply to a reasonable level. "Expect the stock market to retreat, a recession to strike, and inflation to drop below 2% by the end of this year, Steve Hanke says." "As far as the outlook for stocks goes, they remain pricey, and the multiples will come off as the recession starts to bite," the professor of applied economics at Johns Hopkins University told Business Insider this week." "The benchmark S&P 500 index rallied by 24% in 2023 and now trades close to a record high. Stocks are typically valued at multiples to company earnings, so they tend to fall when multiples contract or earnings shrink — both of which can happen in an economic downturn when investor sentiment and corporate profits usually suffer." "The veteran economist and a colleague, John Greenwood, predicted in July 2021 that the headline Consumer Price Index would rise as quickly as 9% on an annualized basis; it peaked at 9.1% a year later. They later forecast the inflation measure would fall to between 2% and 5% by December last year, and it ended the year at 3.4%." "As Milton Friedman taught us long ago, inflation is always and everywhere a monetary phenomenon," Hanke said. "That's why our forecast, based off the quantity theory of money, has been so accurate." "Now, Hanke and Greenwood predict headline inflation will fall below the Federal Reserve's target rate of 2% by the end of this year. " "The two men declared in December that "money is the economy's fuel," and material changes in its supply have a lagged effect on economic growth, spending, and the pace of price increases. They warned the US economy was "running on fumes" and "on schedule to tank" given its money supply had plunged since March 2022, after growing by a historic 27% in the year through February 2021 in part due to stimulus measures during the COVID-19 pandemic." finance.yahoo.com/news/top-economist-steve-hanke-says-200825988.html
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Post by ferris1248 on Jan 19, 2024 12:45:18 GMT -5
A strong end to the week.
Re commodities, I purchased a few more shares in FTGC with expectations the sector could blossom a bit later in '24.
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Post by madm002 on Jan 19, 2024 16:06:29 GMT -5
I placed a small amount on copper and basic materials rebound with the economy. The only things that did not go up today, but not a full position either.
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Post by ferris1248 on Jan 19, 2024 16:12:03 GMT -5
I think those will do well as the year goes by. But who knows?
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