Being financially independent

Wally

Funky Certainly seems like it’s all kicking off. Lets hope. People seem to think Gamestop have started getting the vote count in for their AGM and it’s more than the number of shares that exist so they are talking to the SEC about it.

To the Moooooooooon fellow ape!

C_J

I’m bearish on Wally’s marriage.

Wally

C_J Not married CJ. Been with ‘er indoors’ a decade and got two kids so you’re probs right tbf

Wally

Stocks about to take a swan dive?

C_J

It’s not looking too great, is it.

A swan dive followed by a right big old fucking bounce back like we had over the last 16 months is fine, the real problem is when you get a protracted “lost decade” of zero growth - or worse.

Obviously the big fear “stalking the markets” is “the spectre of inflation”, or more accurately, what rising interest rates will do to stock valuations once the analysts type them into their excel models. I’ve been nervous about inflation for years now and (let’s be honest here) so far I have been proven wrong. Lots of smart people citing the persistence of structural factors suppressing inflation (globalisation, automation, aging population … CJ on the mic, spitting economic rhymes for the Jaded Clubbers nation /@bosstrabs …. ahem).

Sorry, where was I? Oh yes. Fuck knows what’s going to happen like.

Amps

C_J I’ve been nervous about inflation for years now

Buy gold.

C_J

Commodities and precious metals deserve a permanent place in any well-diversified investment portfolio, Amps.

But then you already knew that, of course.

benson

Fixed the mortgage for 5 years. Given what dates are at the moment an increase in interest rates doesn’t feel likely.

stock market has not been great this year. I’ve made less than 1% this financial year

Wally

This is worth a watch - it explains what I mentioned above about reverse repos (which are going absolutely daily record highs mental at the moment) and the hyper inflation or interest rates & market crash options

Funky

Pleasantly surprised at the market so far. Hopefully AMC can penetrate 14.

Millsy

Funky 13 has consistently been the big wall. The hedgies will ladder it down below 13 again by close I reckon.

Funky

Can’t sleep on GME either just broke its 188 resistance. As you say Millsy both likely be dragged back down can never get to jacked.

Wally

Funky I’m cautiously optimistic that GME is now on an ascending stair case and while it’s going to get shorted from time to time to push the price down, it’s going to keep slowly going up as the short hedge funds have ran out of fuel to stop it. See where it ends this week and the next.

Apparently tomorrow is the T+21 FTD deadline (see earlier in the post) so it’s likely to jump a bit.

And then the week after is the AGM where they announce 300% of the shares available registered to vote so they need to do a stock recount and it all goes coco-bananas.

Millsy

I swapped my Nio into tesla too and that seems to be going on a tear. The market has been more volatile than Dermo being called Ian over the past few weeks , so I will assume this is all short lived.

Smallman1

Millsy I swapped my Nio into tesla too and that seems to be going on a tear.

What has happened to you?

Millsy

To be honest I don’t know

Smallman1

Amps

Millsy I thought you where Nio long?

Millsy

Wally AMC have kicked its count down the road. Damn.

Millsy

Amps so did I mate…. I do think it has long term potential but I had to make some moves

Wally

Millsy I hear Crypto is quite cheap at the moment.

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