Can you tell my wife that? She's second-third-ninetieth-guessing our decision to sell in April for big profit and wait out the madness in a rental. Home prices haven't dropped significantly yet, and interest rates have gone up, so she's freaking. I'm long on the plan and don't think we've given it near enough time.Red Pear BCS Luke said:Lots of worries and its a double whammy cause the cost to finance a home is also making homeownership way more unaffordable every time the rates rise.Cuppa said:
Anybody have any worries on the housing market, too? Personally, I'm in the market for my first house and every day become a little more depressed at the realization home ownership likely is years away from me.
I've been jumping in and out of $DRV, but also interested in any other tickers to look at. I figure I can try to make a little on the way down to numb the pain.
Reality hasn't super settled into the markets yet but the eve of a buyer's market is upon us sooner rather than later.
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Red Pear's response is true. But DRV includes a number of different sectors of real estate, so be very careful about that stock. I made some money on it a few months ago, sold at $60 and haven't gotten back into it. Even if residential real estate dips, the rental market, commercial, and investing could offset the dip. Very complicated stock right now.Cuppa said:
Anybody have any worries on the housing market, too? Personally, I'm in the market for my first house and every day become a little more depressed at the realization home ownership likely is years away from me.
I've been jumping in and out of $DRV, but also interested in any other tickers to look at. I figure I can try to make a little on the way down to numb the pain.
Definitely, which is why I was seeing if anyone had any other tickers they have on watch lists.South Platte said:Red Pear's response is true. But DRV includes a number of different sectors of real estate, so be very careful about that stock. I made some money on it a few months ago, sold at $60 and haven't gotten back into it. Even if residential real estate dips, the rental market, commercial, and investing could offset the dip. Very complicated stock right now.Cuppa said:
Anybody have any worries on the housing market, too? Personally, I'm in the market for my first house and every day become a little more depressed at the realization home ownership likely is years away from me.
I've been jumping in and out of $DRV, but also interested in any other tickers to look at. I figure I can try to make a little on the way down to numb the pain.
Because of the diversity of holdings on the ticker, I hardly keep money in the ticker longer than when I see it bounce off of levels and reach my targets. I bought some long dated options a few weeks ago around $41, then it went to $47 within 3 days and I exited. Reentered again Friday and I'm out yesterday.
Some big tech names (GOOG and MSFT) approaching YTD lows.
Bought TQQQ here.
You don’t trade for money, you trade for freedom.
Actually what happened was I got stopped for the trade taking too much time to happen. If I had given it more time... it woudl have been 80%... and now likely a 200%er
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I think you have to weigh the opportunity costs...HtownAg92 said:Can you tell my wife that? She's second-third-ninetieth-guessing our decision to sell in April for big profit and wait out the madness in a rental. Home prices haven't dropped significantly yet, and interest rates have gone up, so she's freaking. I'm long on the plan and don't think we've given it near enough time.Red Pear BCS Luke said:Lots of worries and its a double whammy cause the cost to finance a home is also making homeownership way more unaffordable every time the rates rise.Cuppa said:
Anybody have any worries on the housing market, too? Personally, I'm in the market for my first house and every day become a little more depressed at the realization home ownership likely is years away from me.
I've been jumping in and out of $DRV, but also interested in any other tickers to look at. I figure I can try to make a little on the way down to numb the pain.
Reality hasn't super settled into the markets yet but the eve of a buyer's market is upon us sooner rather than later.
things like:
- the loss of amortizing down the loan on the old place vs how much you're spending on rent
- the amount of profit you took in April (arguably the tip before rate sting really was taking place)
- the amount of cash you can keep and save for the next house.
- the future value of the next house you buy.
- the avoidance of having to pay increasingly higher property taxes (which is the biggest PITA IMO)
The biggest hiccup in your plan could be the future mortgage rate on the next house you buy and how much it costs you monthly. But even that is mitigated by how much you put down.
Cash is still king right now and there is nothing wrong with sitting on a boatload of cash. Strong balance sheets give you tremendous flexibility.
Yes, long term hold. Pays dividends.zwhag2010 said:
You still in $CWH 30k? Looking at the weekly does that looks like the right hand side of an inverse head and shoulders forming (or is that wishful thinking)? Company has done well despite rising fuel prices since 2021
You don’t trade for money, you trade for freedom.
Is this the triple down thing OA1 talks about sometimes?
I think this will be a good entry.$30,000 Millionaire said:
Bought TQQQ here.
You don’t trade for money, you trade for freedom.
Fake breakdown or is this another down leg? Hurry guys tell me!!
Based on RSI? I don't see what the support was there.
I said Duck you jobu... I'll do it myself..
Net free on a SPX 3950 for tomorrow. Targeting 3945 to sell
Net free on a SPX 3950 for tomorrow. Targeting 3945 to sell
Adding GOLD LEAPs.
Price action, yo. And look at larger time frames.gig em 02 said:
Based on RSI? I don't see what the support was there.
You don’t trade for money, you trade for freedom.
Maybe you bought mine lol. Was up almost 25% at one point but cut for a nominal gain. I think GOLD goes much lower.
I was mostly watching the break of the QQQ trendline from June, it made me feel like the bottom would fall out for the whole day
Looks like it might. Bull moves have no conviction today.gig em 02 said:
I was mostly watching the break of the QQQ trendline from June, it made me feel like the bottom would fall out for the whole day
NFLX looks like the only thing having a good day
These are just chop.
You don’t trade for money, you trade for freedom.
Bulls gonna try to get it to 3925 again on SPX maybe
What's going on at ADBE?? down 25% in a week?
Earnings.Towns03 said:
What's going on at ADBE?? down 25% in a week?
You don’t trade for money, you trade for freedom.
Here we go?
Lol. You guys have pro traders in this thread
You don’t trade for money, you trade for freedom.
I'm going to take some profits on TQQQ. I think this can keep going but I'm going to take the easy 4%
You don’t trade for money, you trade for freedom.
$30,000 Millionaire said:
Bought TQQQ here.
This is my webull account. I have only played triple leveraged funds in this since January. I started this with $100 in 2021 and well, WWR lost money for me, so I brought this back from
$67 in January.
$67 in January.
You don’t trade for money, you trade for freedom.
Buying lotto SPX 3985C. Don't be a dumb ass.
You don’t trade for money, you trade for freedom.
Sold 80% at 0.6
You don’t trade for money, you trade for freedom.
Now I've got some free contracts for some upside. Booyah.
You don’t trade for money, you trade for freedom.
I am going to laugh and laugh and laugh if we close over 4000 today.
You don’t trade for money, you trade for freedom.
Looks like all our economic woes have been fixed. Sweet!!irish pete ag06 said:
Here we go?
Had a small bit of ROKU that I bought back after the massive crash it had. (I know, I know, fool me once, etc.)
Sold that and put it on TQQQ at $25. I have about $1k left in cash case it falls any farther. That's the last of my cash. Hoping we've actually bottomed but who knows.
Sold that and put it on TQQQ at $25. I have about $1k left in cash case it falls any farther. That's the last of my cash. Hoping we've actually bottomed but who knows.
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