The only stocks I’m in at the moment are energy stocks: XOM, LNG, DVN. Most of the account is parked in STIP and SGOV.
I think STIP is a great play with inflation going to the moon. Not investment advice. Your mileage may vary, etc.
2 Likes
Tan Liu’s book ‘The Ponzi Factor’ did it for me. But Webb’s ‘The Great Taking’ certainly was a kicker.
1 Like
If a position doesn’t go your way, you just say its all manipulated and that “Mr Slammy” wrecked things. And we’ve recently been introduced to “Mr Boostie”!
1 Like
I might add, dis-honest money created dis-honest ‘markets.’
3 Likes
I’m not sure why anybody would be actually offended I was thinking the same way for the long time especially because I’m new in finance and investing so clear" guidance" would be greatly appreciated and I think like you said if you presented it as Nat Financial Advice and clarify That’s This is my strategy iand That’s What I Do Or What I would do then I guess Nobody should have any problem with that Legal or Otherwise…
But there’s also plenty of YouTubers and websites that they are sharing their own stocks pics and strategy… for a subscription fee of course.
This reminds me of a stand-up comedian who did a bit about his agent…
He described what he paid the agent for various services. Then he said "And for $200 a month he phones me once a week and says, “It’s not your fault Andy this business is screwed!”
5 Likes
I get tired of saying this: The stock market will continue to march higher as long as the flood of money continues. That’s where the money goes! We will of course have minor pullbacks, such as we had in the Tariff Tantrum, but these will be shallow and short-lived. Every pullback will be met with tidal waves of money regardless of the bleating of the “bond vigilantes” and the wringing fingers of Federal Reserve officials, who learned all to well the lessons of the Lehman Brothers collapse. Not to apply some financial prudence, of course, but to make sure financial recklessness is supported with enough cash to prevent such a collapse.
It will all come to an end someday, of course, but our financial elites are determined to forestall that day as long as possible. We are walking the well-trodden path to currency destruction. The masters of the universe know that, which is why the markets march ever-higher despite ridiculous valuations. They may keep around some “dry powder”, but the prudent move is to convert cash into assets while it still buys you something. And to keep a sharp eye.
2 Likes
FYI - STIP paid out its dividend today… holy cow, 1.1% monthly return for May. That was 13.3% annualized. For those wondering, the fund holds US Treasuries with a term between one and five years that are indexed to the inflation rate. Meaning that as inflation rises, those Treasuries pay more.
Not investment advice.
1 Like