I imagine the face of my broker when I ask him to buy 500 shares of bbbj
Make sure you put a "stop order"!...you don't want to CUM; NYSE to early!...ask your broker to tell you how it works and educate you!...lol!
Will the Economy bubble explode soon?
- Thread starter jalimon
- Start date
Make sure you put a "stop order"!...you don't want to CUM; NYSE to early!...ask your broker to tell you how it works and educate you!...lol!
To tell you the truth I am sticking to what I know and currently looking to buy another income property... While receiving bbbj once in a while
Good one tho haha
Caution however, you have to order the BBBJ; OTCQB with CIMS; OTCQB...you cant have one without the other...ask Cruiser777 he's an expert at that combo trade!...it's always on the McDo menu!!!!...always!!!...lol! :eyebrows:
Oh yes Sharky, you have no idea the returns I got (Get) from those investments LOL
Although I would have been happier if someone had told me, advised me to invest in BITCOIN, TESLA, APPLE and so on and so on...just to name a few.
PS: You can find the thicker CIMS at MERB and not at OTC but there is this one over here.
https://ca.finance.yahoo.com/quote/CIM?p=CIM&.tsrc=fin-srch
...lol! Cruiser you make me laugh...."if someone had told you for free"....there is no CIMS for free, and there is no free lunch!....lol!
I have clients in their 70s with over $1m of investments that seek growth in equity managers will long track records of Alpha vs. Beta (outperformance for the risk taken) because they fear either expensive long term care needs (nursing homes) or they want to leave as much as possible for their spouse or heirs. But of course, we using hedging techniques also - not bonds, of course.
I have a client in Ill who blew threw close to $1m in assets in long term care costs and would up on Medicaid after she was wiped out. Both my parents wound up in nursing homes until they died in their 90s after wiping out all their assets, selling home etc.
I obviously would never use an ETF or index fund. ETFs are very dangerous, especially with a stop market order since the next tic may be zero or a penny. In the Flash Crashes, we have had, it was the ETFs that went to zero or a penny since you do not own the stocks but relay in the participation units which for which there may be no market in a significant downturn. Jack Bogle, founder of Vanguard said: "An ETF is Like Handing an Arsonist a Match". And, “Mr. Bogle in 1999 first likened ETFs to a shotgun: great for hunting but also excellent for suicide.”
Index funds are silly. Ignore any company outlook toss your dart, for example, at the largest US 500 companies because they are in the index with no "brains" behind any selection, just ignorant investing. True, many active managers do not beat the indexes, but I have 40 years of research - coming from a CPA background - finding the consistent positive alpha vs. beta managers and monitor on an ongoing basis.
Mission accomplished if I make someone laugh...
Although we used to take CIMS for granted couple of years ago (The good old days, when most of the time it came free with lunch).
But to my surprise, recently I was able to find couple of IPOs specializing in CIMS (Starting at $0.000).
Presently the market is a disaster
fueled by fears of the corona virus and the global market under performing because of this
warren buffet has writen a article recently which he started in aug of last year prior to teh corona virus impacting the market
worst possable scenerio is a number of big hits like which happened last week causing a market drop of 10.5%
buffett said over a 5 yr period the market could drop 50% or lower
i was told worst possable scenerio is even as bad as 70%
and if this happens it would take 15-20 yrs to get back.
People say hey its a great time to buy now when the market is down
but the problem is no one knows where the bottom is
just because in teh past this theory worked does not apply to the times we are in presently
market is well over due for a adjustment
fueled by fears of the corona virus and the global market under performing because of this
warren buffet has writen a article recently which he started in aug of last year prior to teh corona virus impacting the market
worst possable scenerio is a number of big hits like which happened last week causing a market drop of 10.5%
buffett said over a 5 yr period the market could drop 50% or lower
i was told worst possable scenerio is even as bad as 70%
and if this happens it would take 15-20 yrs to get back.
People say hey its a great time to buy now when the market is down
but the problem is no one knows where the bottom is
just because in teh past this theory worked does not apply to the times we are in presently
market is well over due for a adjustment
Just follow what the big guys are doing. Buffet massively pulled out last fall. Check when he (or Berkshire) will start to buy back.
Think if you buy into the major bank stocks now, u shld make money within the next 5 years. BUT I don’t think we are anywhere close to the bottom yet.
Yesterday’s crash confirmed that the markets have finally realized that the Fed and other central banks no longer have any effective tools to support the markets when it comes to the coronavirus pandemic.
Since the Global Financial Crisis (GFR) of 08-09, the stock markets have been soaring largely because the central banks have been on high alert and have provided a safety net by quickly cutting interest rates/injecting liquidity whenever there’s a major problem. The Central Banks’ reasoning is that the biggest threat to the world economy after the GFR is deflation. Basically no one wants to be like Japan which has been stuck in a rut for decades.
But the Covid-19 pandemic will continue to diminish consumer confidence & demand. Cutting interest rates cannot boost the demand function in this case. If the central banks are helpless, who’s gonna support the stock market?
I was just in Hong Kong & Singapore. These cities have actually managed to contain Covid-19 from the start but even then, tourism is dead and no one is really in the mood to eat out, party or splurge. Many r working from home so even the office lunchtime business is lagging. The only businesses doing well are supermarkets, pharmacies, food delivery.
Well ..... maybe doctors & nurses are making more money but being on the frontline of Covid-19 will pretty much kill any consumer demand on their part.
Yesterday’s crash confirmed that the markets have finally realized that the Fed and other central banks no longer have any effective tools to support the markets when it comes to the coronavirus pandemic.
Since the Global Financial Crisis (GFR) of 08-09, the stock markets have been soaring largely because the central banks have been on high alert and have provided a safety net by quickly cutting interest rates/injecting liquidity whenever there’s a major problem. The Central Banks’ reasoning is that the biggest threat to the world economy after the GFR is deflation. Basically no one wants to be like Japan which has been stuck in a rut for decades.
But the Covid-19 pandemic will continue to diminish consumer confidence & demand. Cutting interest rates cannot boost the demand function in this case. If the central banks are helpless, who’s gonna support the stock market?
I was just in Hong Kong & Singapore. These cities have actually managed to contain Covid-19 from the start but even then, tourism is dead and no one is really in the mood to eat out, party or splurge. Many r working from home so even the office lunchtime business is lagging. The only businesses doing well are supermarkets, pharmacies, food delivery.
Well ..... maybe doctors & nurses are making more money but being on the frontline of Covid-19 will pretty much kill any consumer demand on their part.
Gary Cohn was interviewed yesterday and stated that we are already in a recession. He mentioned the previous recessions we've had (at least three of them over the past 2 decades) and kind of hinted that we were due for one.
Considering the growing massive debt that the US has been building up over the past 3 years i'm not interely surprised. Trump's massive tax cuts for the very rich has only helped to empty the treasury even more & greatly assisted in skyrocketing the debt, with no end in sight. One day they'll have to start paying off that debt. Trump did say last year that he didn't care about the debt since he'd long be gone by the time the country realized it would have to pay it off or face oblivion.
Considering the growing massive debt that the US has been building up over the past 3 years i'm not interely surprised. Trump's massive tax cuts for the very rich has only helped to empty the treasury even more & greatly assisted in skyrocketing the debt, with no end in sight. One day they'll have to start paying off that debt. Trump did say last year that he didn't care about the debt since he'd long be gone by the time the country realized it would have to pay it off or face oblivion.
The Federal Reserve has just fired its giant bazooka and lowered interest rates to 0% along w/ $700 Billion quantitative easing.
But markets are simply not responding w/ Dow, S&P 500, Nasdaq 100 Futures all down by 5% triggering the market ‘circuit breakers’.
Hang on tight!!! We’re in for a rough ride :jaw:
But markets are simply not responding w/ Dow, S&P 500, Nasdaq 100 Futures all down by 5% triggering the market ‘circuit breakers’.
Hang on tight!!! We’re in for a rough ride :jaw:
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