61–70 of 121 posts
A toaster form BestBuy.com? Finance it for $4/month. New iPhone for $1000? How about monthly installments instead? It's not even the exception anymore, it's the norm.
Even without exorbitant interest rates, the idea that there is supply or demand for financing all aspects of life does not bode well for people's long-term wealth...
If you could know a recession was inevitable some time soon from publicly available information then that recession wouldn't happen in the predicted time frame. Everybody would see it coming, take their money out of the market, and it would happen instantly.
My hypothetical ability to predict the future does not mean that you're able to do the same.
Given the projected IPOs next year (Lyft, Uber, AirBnB) I think this is a little pre-mature. I think the bull market has another year in it. That being said I'm shifting some of my assets out of the market.
A handful of IPOs won't stave off a recession. (It's entirely possible to cancel an IPO, too.) If I were a big pre-IPO company, I'd probably want to go IPO before the recession, in order to get operating capital to survive it.
Earlier quoted context omitted.
No idea why you are downvoted. Indisputably the safest investment for several millenia running.
Inflation adjusted price of gold is down almost 50% from 1980: https://www.macrotrends.net/1333/historical-gold-prices-100-...
If this is true, where is the best place to invest 10k-100k USD today?
Into a piece of yellow metal. Edit. More background on that: In 2014, after years and years of my parents droning "think about buying a house," I finally decided to teach my parents a lesson, and show them just how bad their investment advice is. So in the end, I lost around 53 thousand dollars in total from FX, fees, lawyers, drop of property value, and my ability to sleep well at night. And in 2016, I got kicked ou…
Earlier quoted context omitted.
if you think the market will go down you should short it...
What would be the best way to do this? Is there an index fund or something that is based on shorts? Sorry for the lack of knowledge.
Things that keep me up at night as a software contractor/freelancer: if there's a recession, are contractors the first to go? One counter-argument is that contractors can be a cheaper way for companies to build products (since it's not full time), which might mean companies favor contractors. On the other hand, companies who are reluctant to lay off full-time staff may start by canceling contract relationships.
I would assume contractors are first to go. Work moves in house. In house staff gets cut. The remaining staff gets to work on what the contractor did and what the employees that left did. The company is not beholden to contractors as much as they are to their left over employees. Everybody has got to pay bill. The company will usually look out for their employees.
How can something "suggest" a recession is "unavoidable." If its a suggestion, then by definition it isn't unavoidable. These articles are silly. You'll find them for every time the market sneezes. October 2015, World Faces a Recession Next Year: https://www.cnbc.com/2015/10/13/citis-buiter-world-faces-rec... June 2016, The Next Recession is Already Here: https://www.cnbc.com/2016/06/21/the-next-recession-is-alread..…
While the last couple of days have been particularly painful for me in the market, CNBC, Bloomberg, and financial news networks are the biggest pusher of fear out there. Fear sells, and they peddle fear better than anybody. It's hard to buy, or even not sell during the last couple of weeks, but I'll reiterate a quote by Warren Buffet: "Be fearful when others are greedy. Be greedy when others are fearful."
[1]: https://www.businessinsider.de/warren-buffett-berkshire-hath...
Would it be wise to wait a year before buying a house? If a recession hits it might turn my areas buyers market into a fire-sale. I guess if the fed isn’t raising rates then it’s not an issue. Waiting would also allow someone to increase their down payment.
Lots of factors in play, you'd need to bet correctly that the recession will actually affect prices that way in your area. Also, the yield curves just inverted within the last week, and the average time-to-recession from that point is 12 months. So you may want to wait longer than a year. Or... just buy something and be done with it, as long as it fits your budget and your income is stable, it's just housing and in t…