Stock Market: The Thread

[UndertheHalo]

2 hours ago, Brandon said:

Do not do an an interest only HELOC.

Once you have your disclosures, namely the Closing Disclosure, I’ll show you why.

Brandon you’re right to emphasis clarity on exactly what the terms of the loan are. 

He does need to plan for paying larger payments once the draw period ends.  As with any loan you should be careful to draw only what you can afford.  And of course be clear on the terms of the loan, be aware of ballon payments if that’s part of it.  Generally, balloon payments don’t come into play on these loans tho.  

He can consider a fixed rate option as well if there’s a concern about rising rates.  It just depends what he wants.  If he wants to pay to principle, that’s a good idea if he wants to pay less interest overall. 

Edited August 8, 2018 by UndertheHalo

[Brandon]

1 hour ago, UndertheHalo said:

Brandon you’re right to emphasis clarity on exactly what the terms of the loan are. 

He does need to plan for paying larger payments once the draw period ends.  As with any loan you should be careful to draw only what up you can afford.  And of course be clear on the terms of the loan, be aware of ballon payments if that’s part of it.  Generally, balloon payments don’t come into play on these loans tho.  

He can consider a fixed rate option as well if there’s a concern about rising rates.  It just depends what he wants.  If he wants to pay to principle, that’s a good idea if he wants to pay less interest overall. 

No offense, but I have 18 years of mortgage experience. I'm good on what to do and what not to do.

[UndertheHalo]

4 minutes ago, Brandon said:

No offense, but I have 18 years of mortgage experience. I'm good on what to do and what not to do.

I’m sure you are.  I didn’t imply otherwise.  I didn’t dispute anything you said.  I’m just adding my 2 cents. 

Did I miss something ? Is this a private conversation ?

[ten ocho recon scout]

Thanks for the advice from both of you. Now....either one of you guys interested in doing labor for cqnned beer and little ceasars 5 dollar pizzas?....anyone?...

[Tank]

33 minutes ago, ten ocho recon scout said:

Thanks for the advice from both of you. Now....either one of you guys interested in doing labor for cqnned beer and little ceasars 5 dollar pizzas?....anyone?...

I have some finely aged pumpkin beer I'm willing to donate to the cause.

[Brandon]

On 8/7/2018 at 8:31 PM, UndertheHalo said:

I’m sure you are.  I didn’t imply otherwise.  I didn’t dispute anything you said.  I’m just adding my 2 cents. 

Did I miss something ? Is this a private conversation ?

I don't think it's prudent to give bad financial advice.

[UndertheHalo]

36 minutes ago, Brandon said:

I don't think it's prudent to give bad financial advice.

That’s cool.  I didn’t give him financial advice.  

[Brandon]

Telling someone to look at I/O HELOCs or to get one just to get one isn't a savvy financial move.

[fan_since79]

Amazon hit $1,900 today for the first time. Earlier this year it was $930. Shoulda, coulda, woulda, but I didn't.

 

[fan_since79]

S&P and Nasdaq hit all-time highs today and the Dow made it back up to 26,000.

The Fed is ready to estimate 3rd quarter growth at 4.8% (annual figure). 

Earnings are great, businesses are hiring workers, unemployment is at historic lows, consumer confidence is high.

Good times!

 

 

Edited August 27, 2018 by fan_since79

[fan_since79]

S&P, 5-yr return = 73%, not including dividends.

SPY is the ticker symbol for the fund that tracks this index.

 

[Lhalo]

Biggest bubble in the history of the world. 

[Lou]

https://money.cnn.com/2016/05/16/investing/mark-cuban-stocks-tank-donald-trump/index.html?iid=EL

[Tank]

4 hours ago, Lou said:

https://money.cnn.com/2016/05/16/investing/mark-cuban-stocks-tank-donald-trump/index.html?iid=EL

oops.

 

(so far)

[fan_since79]

Amazon is at $1,998 with eight minutes to go until market close today. All-time high and probably soaring higher in the months to come.

just saw this on Twitter: Aaron Rodgers' entire new contract ($134 million) is just 3.9% of what Jeff Bezos (founder of Amazon) has made today.

 

[fan_since79]

Amazon, to the moon!

 

[fan_since79]

From the "learn something new every day" department...now I know what a 'quant' is.

This one says we may be in for big trouble. Flash crashes, liquidity crisis, and widespread social unrest. Another doomsayer. Meanwhile, Amazon and Apple hit all-time highs again today.

https://www.cnbc.com/2018/09/04/jpmorgan-says-next-crisis-will-feature-flash-crashes-and-social-unrest.html

 

[fan_since79]

The market is getting killed today. Dow was down 400 at one point, currently down 363.

Dow Jones average has fallen 900 points in just a few days.

 

[fan_since79]

Massive selling now.

Dow off 508 points, which is coincidentally the drop it suffered on another October day in 1987.

The trading day is still young, I think we may go a lot lower before 1 pm. I'm adding to some mutual funds.

 

[Schildog]

I knew this would be updated. Never change fan since.

[fan_since79]

6 hours ago, Schildog said:

I knew this would be updated. Never change fan since.

Futures are way down tonight.

Every day this sucker drops I'll be buying a little more.

[yk9001]

More buying opportunities today!!!!!

[mrwicked]

nice. i love sales.

[failos]

short short short

[cez]

i've learned a lot in the past 7 days