Market getting Powellverized

Discussion in 'Political Opinions & Beliefs' started by Lee Atwater, Mar 22, 2023.

  1. nopartisanbull

    nopartisanbull Well-Known Member

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    Where are the critical thinkers, PART 2?

    Claim; Government CURRENT Spending is fueling inflation

    let’s see…….

    BLS Inflation Report, February 2023

    Consumer Price Index up 0.4% over the month, 6% over the year

    “The index for SHELTER was the largest contributor to the rise in the monthly price for all items, accounting for OVER 70% of that increase”

    ____

    Now, here’s a touch question to the below average intelligent Republicans;

    Is there a direct correlation between Government Spending and a RENT increase?
     
    Last edited: Mar 25, 2023
  2. Grey Matter

    Grey Matter Well-Known Member Donor

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    Yeah, I thought that assertion looked a bit off.
    YoY as of today
    VTI is down 16%
    DJI is down 8%
    Nasdaq is down 17%
    S&P500 is down 13%
    My 401k is down 12%
    My TDA account is down about 6%
    My WF account is down about 4%

    These last two are a bit misleading though because I keep both of these at around 50% cash.
    So for money in play

    TDA is down 12%
    WF is down 8%

    I've not researched ETFs super extensively but it's my understanding that VTI is about as close as it gets to a total market ETF.
    Interesting, thankfully Yahoo still offers top holdings.
    For now I'm assuming that Vanguard's VTI reflects the market with this distribution of assets:

    upload_2023-3-25_15-58-15.png
     
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  3. Grey Matter

    Grey Matter Well-Known Member Donor

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    Y'all wouldn't mind a bit of a diversion, would ya?

    I'm curious what folks here think about investing in the market with respect to individual stocks versus ETFs.

    I like 'em both, but I like individual stocks better.

    Some of my main bets currently, and I place bets on 10 year timeframes, are:
    AMZN
    MO
    OXY
    VTI

    I just recently got into AMZN though, and it dropped well below what I thought would be a buy at 108.
    Currently it's an ouch, but long term, I'm still supposing it'll get to 200 at least.
     
  4. nopartisanbull

    nopartisanbull Well-Known Member

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    The cumulative rate of inflation is more realistic than the annualized inflation rate…..

    CPI inflation calculator

    If in 2020
    I purchased an item for $1
    Then, in 2023
    That same item would cost $1.16
    Cumulative rate of inflation; 16%

    HOWEVER,

    Wage growth same time period; 10%
    Differential; Minus 6%
    Median Household Income; $70,000
    Purchasing Power Erosion; $4,200…..”I’m hurt, damn Biden’s inflation!”

    IMO, for the most past, we’ve become a nation of whiners and moaners, and here’s why;

    I’ve already offset Biden’s inflation several times, for example;

    5 months ago, I drove nearly 4 hours to a building supplier that shut down permanently, and prior to an auction, the owner sold many of his assets CASH DEAL!

    I bought a huge load of hardwood, Maple, Walnut, Birch, Oak slabs/planks/boards at nearly $4 per board foot…..He wanted $10,000, and I only had $8,000 in my pocket, SOLD! A month later, I nearly doubled my money.

    For the most part, we should be a nation of go-getters, and regardless who sits in the Oval Office/which party controls Congress.

    My belief; “Opportunity is endless, if you seek it out”
     
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  5. Grey Matter

    Grey Matter Well-Known Member Donor

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    Sweet score dude
     
  6. LangleyMan

    LangleyMan Well-Known Member

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  7. LangleyMan

    LangleyMan Well-Known Member

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    Blaming Biden for inflation is a stretch.

    C4A2D887-FFE0-4262-820B-D432E19F791E.jpeg

    https://tradingeconomics.com/country-list/inflation-rate?continent=g20
    Well, that's fine. A lot of us did well in the market. But some are hurting.
     
  8. ButterBalls

    ButterBalls Well-Known Member

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    Ya, like confederate. Makes me think of the OLD covid days where many places in town quit taking cash and went to card ONLY.. But I'm sure you got it all know'd up :)
     
  9. LangleyMan

    LangleyMan Well-Known Member

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    I have CASH for tips and some purchases. Plenty of folks, especially during the pandemic, were aggressively quoting a cash price. CASH has a place.
     

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