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The wealth-building thread
- Thread starter JeffS7444
- Start date
I got so lucky... about a month ago I ordered a new Apple M4 Mini. (For me, pretty much the perfect desktop system. And this time I bit the bullet hard and ordered a 1TB SSD so I wouldn't run out of local space. For the previous Mini the cost of Apple integrated NAND made me nauseous, and I only ordered 128GB. Dumb.) I also custom ordered a 2025 BMW M240i for my errand car, because the car it's replacing was turning 10 years old this year, and BMW is starting to concern me with its mild hybrid strategy. (I don't want one. Either go electric or don't. Hybrid complexity seems too much for anyone but Toyota and Honda dealers so far.) And the BMW was built in Mexico, so I sweated bullets for a bit while Trump was on-again, off-again with auto tariffs on Mexico. Who knew my best performing investments lately would be two typically depreciating assets? 
My only reference point is the local Apple store, but it is swamped with people trying to get Apple products before the latest tariffs on China and India hit Apple pricing. The line stretches out the door and around the plaza corner. I hope Apple has a lot of inventory. Not that it'll help the stock price, that's tanking regardless.
digicidal
Major Contributor
As someone who has watched the crypto markets since they began (OK technically before there was a market) I have to chuckle at the hyperbole present in the financial media.
Not that I recommend it (crypto) for much outside entertainment value at this point - other than perhaps BTC/ETH as a dollar-hedge - but when you're used to one year being up 700% and then being down 99% of that the next year... these 'rounding errors' of 5-10% seem less horrific.
Then again... most of my net worth is in real property so I'm more bracing for the correction to hit that market once the millions of mortgages already in arrears start turning into actual foreclosures and we see a 2008-ish adjustment. Hopefully the stocks I'm now able to pick up at a discount will offset... but if not - then my 'stock' in seeds and ammunition will see me through.
Not that I recommend it (crypto) for much outside entertainment value at this point - other than perhaps BTC/ETH as a dollar-hedge - but when you're used to one year being up 700% and then being down 99% of that the next year... these 'rounding errors' of 5-10% seem less horrific.
Then again... most of my net worth is in real property so I'm more bracing for the correction to hit that market once the millions of mortgages already in arrears start turning into actual foreclosures and we see a 2008-ish adjustment. Hopefully the stocks I'm now able to pick up at a discount will offset... but if not - then my 'stock' in seeds and ammunition will see me through.
boxerfan88
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After 90 days then what? Crash again?
CN response is pretty clear, tit-for-tat, looks like this time around they are ready for the risk of trade decoupling if it comes to that. The recent announcement of eRMB (alternative to SWIFT) seems to move down the decoupling route.
Gonna have more crazy days ahead…
To buy the dip or not… hmm…
CN response is pretty clear, tit-for-tat, looks like this time around they are ready for the risk of trade decoupling if it comes to that. The recent announcement of eRMB (alternative to SWIFT) seems to move down the decoupling route.
Gonna have more crazy days ahead…
To buy the dip or not… hmm…
Last edited:
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If you're investing for the long term then right now is the best time to buy because it doesn't matter if we're in a bear market for years, you'll be up in the long term. And if you're day trading, right now would be great to short because the RSI indicates we're overbought in the 1h timeframe. I think the most dangerous move is to buy the dip with expectations of returns in a few weeks or months because this is unprecedented.
Blue Line Jumps 11 Percent
NEW YORK–Excitement swept the financial world Monday, when a blue line jumped more than 11 percent, passing four black horizontal lines as it rose from 367.22 to 408.85.
It was the biggest single-day gain for a blue line since 1994.
“Even if you extend the blue line’s big white box back many vertical lines, you won’t find a comparably large jump,” said Milton Vogel, a senior analyst with Merrill Lynch. “That line just kept going up, up, up.”
The blue line, which had been sluggish ever since the red line started pointing down in April, began its rebound with an impressively pointy 7 percent rise Friday. By noon Monday, it had crossed the second horizontal line from the top for the first time since December.
Ecstatic investors are comparing the blue line to the left side of a very tall, steep blue mountain.
“It’s a really steep line,” said Larry Danziger, a San Jose, CA, day trader and golf enthusiast. “I stand to make a tremendous amount of money as a result of the steepness of this line.”
“It looks like the line’s about to shoot out of the box,” said Boston-area investor Michael Lupert, enjoying a glass of white zinfandel on the bow of his 30-foot yacht. “I’m definitely going to keep a close eye on this line as it continues to move to the right.”
Despite such bullishness, some financial observers are urging caution.
“Given this line’s long history of jaggedness, we really should take a wait-and-see approach,” Fortune magazine associate editor Charles Reames said. “And even if this important line continues its upward pointiness, we must remember that there are other shapes, colors, numbers, and lines to consider when judging the health of the economy.”
Reames also warned that the upward angle of the line, which most analysts agreed was approximately 80 degrees, may have been exaggerated by the way the graph was drawn.
“The stuff that’s written along the bottom of the graph is all squished together, making the line look a lot more impressive than it is,” Reames said. “Had that same stuff been spread out more, the line would have looked a lot less steep.”
Still, most U.S. investors found it hard to contain their enthusiasm as the blue line shot up sharply, outperforming the green line, the yellow line, and even the thriving dotted purple line.
“Typically, the blue line rises or falls no more than 10 in a day,” said Beverly Hills plastic surgeon Dr. Jeffrey Gruber. “But Monday, it went up an astonishing 41–and during a time when we have a big red slice showing on our pie charts, no less. We live in a truly remarkable time.”
The Onion, June 7 2000
It's good entertainment for sure.
I've sold my tobacco stocks, they went well and did not participate in the downturn much. Will put them into MA, LRCX and ASML.
I've sold my tobacco stocks, they went well and did not participate in the downturn much. Will put them into MA, LRCX and ASML.
WillBrink
Addicted to Fun and Learning
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I did, and i will again if it happens again. No way I was passing up on the dip with TSMC and a few other chip/tech stocks. They are volatile stocks for sure, but I view them as a long-ish hold and done well with them so far. I got in on AMD when it was under $40, so all good so far. Of course they make up a small % of total, and I always follow the rule to not invest more than I can afford to lose if they were to go to chit.
boxerfan88
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At the next similar crash event… need to watch for the buy signal at the social media platform
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There are now tariff exceptions for semiconductors from China. Just look at the weekend futures! https://www.ig.com/en/indices/markets-indices/weekend-us-tech-100-e1
Ken1951
Major Contributor
https://www.cnbc.com/2025/04/12/auto-tariffs-sales-costs.html
Just hope nobody is in any auto-related businesses, or wants to buy a new vehicle after about the next two months here in the US if these tariffs stay in place. Even if this analysis is overly pessimistic it bodes extremely poorly for both the auto industry and the consumer here.
Just hope nobody is in any auto-related businesses, or wants to buy a new vehicle after about the next two months here in the US if these tariffs stay in place. Even if this analysis is overly pessimistic it bodes extremely poorly for both the auto industry and the consumer here.
Alice of Old Vincennes
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Read interesting article in NYT. Average wage in North Carolina textile industry in 1970 was "only" $3/hour. I checked and UAW picketed for 2 months and negotiated new contract in 12/1970 for $4.5/hour. Article insinuated textile wages were sweatshop rates. Then compared to BMW at 30/hr. My daughter barely pays her bills on her own at 40/hr. I'm 72 years old and saw effects of " free" trade before China entered WTO. Western countries played by the "rules," and we can see that end game. Advanced degrees won't solve problem. Just caused oversupply of talent, low wages and mountain of student loans. Young educated Chinese are founding that out now. I saw it in 1980 when boomers graduated from colleges en masse.
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