MARKETS,Anybody even yet?
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- Video Poker Master
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Re: MARKETS,Anybody even yet?
Chase is continuing to call CDs. They are no longer the top dog on brokered CD rates through Fidelity. Have to be careful from here on out looking for dividends to offset. Fidelity money market rate dropped again today. We still haven’t had a big correction. Not that I want one. I feel like a mini mini Warren Buffet sitting on cash waiting for bargains. By the way, I use MCD coupons too like Warren. Especially the survey ones. BOGO. I like their coffee too. It’s not bad at all.
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I believe September has been my best month ever. Two reasons: I have many good Canadian stocks and our markets are moving after not keeping up with US markets for a few years. The other reason is crypto has also been moving up. I have bitcoin, solana and chainlink and all are doing well lately after going sideways for months. These three are long term holds and I won't sell. If you don't hold crypto you will be missing out. It will go up and down like stocks but the future is exciting.
There are only 21 million bitcoin and that is the limit. The big boys are buying up bitcoin and it is getting scarce. Blackrock, Michael Saylor and other big names are buying as much bitcoin as they can get. Many countries are buying like India, US, Nigeria, Canada and many others. If you own just one bitcoin now you will be a very wealthy person in the future and this future is not far off.
This is of course just how I see it. There was a time I wanted nothing to do with crypto but I was wrong. My biggest hold is chainlink and then bitcoin.
There are only 21 million bitcoin and that is the limit. The big boys are buying up bitcoin and it is getting scarce. Blackrock, Michael Saylor and other big names are buying as much bitcoin as they can get. Many countries are buying like India, US, Nigeria, Canada and many others. If you own just one bitcoin now you will be a very wealthy person in the future and this future is not far off.
This is of course just how I see it. There was a time I wanted nothing to do with crypto but I was wrong. My biggest hold is chainlink and then bitcoin.
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- Video Poker Master
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Thanks Case.
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I'm rarely baited into commenting here, but this is textbook for a mania. Apparently all ages are in on the hodling now, not just the college kids who've never seen a bear market.
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dinghy I was one who said bitcoin was a pyramid scheme because I didn't really understand it. Most people don't own crypto and I have no problem with it as each person has to make his own decision. Investment firms like Fidelity, Blackrock and Grey scale have invested billions. Do you think they are just speculating? Perhaps but their clients would not be happy.
Many and most cryptos will fail as they have no purpose but to make the the owner money. Meme coins have no utility and most if not all will fail.
My biggest investment is Chainlink. Link is how we will send money world wide through the web3 service platform.
Like I said many people want nothing to do with crypto and to each his own.
Many and most cryptos will fail as they have no purpose but to make the the owner money. Meme coins have no utility and most if not all will fail.
My biggest investment is Chainlink. Link is how we will send money world wide through the web3 service platform.
Like I said many people want nothing to do with crypto and to each his own.
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Hi Case. I would like your opinion on QYLD. Thanks! Sounds pretty good to me. I also read quite a bit on qqqi.
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I don't hate it. I use crypto for online transactions, and I respect its possible role in an asset portfolio. But I think your performance expectations are blinded by bull market beer goggles.
Sorry if I'm mixing metaphors there .
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Olds: I used to own QYLD. You won’t get any growth of course but a great dividend. They do call options on the Nasdaq 100 so they are heavy into the big boys on the stock market. If you are satisfied with 11% you should be ok unless we have a correction but then everyone will be affected. While I owned it they just never made any new highs and price went down but slowly.
I am still holding cash but stocks are just too high to buy. I am well invested with many longs though so enjoying the run up
I am still holding cash but stocks are just too high to buy. I am well invested with many longs though so enjoying the run up
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- Video Poker Master
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Thanks Case. I may take a small bite of it. I notice it has been creeping up as well this year. I think I’m quite a bit older than you so as a result am down to 15 percent in stocks. But anything in the 5 percent or higher range, I’m ok with for now. I got spoiled back in the Jimmy Carter days with 18.25 per cent CDs. Of course back then at age 30 or so, the savings were small. Still the compounding was great.
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Look out below this week if the dock workers go on strike. Not looking good so far.