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Re: Stocks
Palladium, a PM , more than doubled since the FED started raising rates and is making new all time highs closing above $1300.
Common, Palladium is a total outlier driven entirely by low supply and high demand for car parts, nothing to do with the broader market or interest rates, all other PMs tend to underperform the markets when hawkishness is in the air

And as it relates to Palladium, wait until one of these car manufacturers announces that they’re switching from Palladium to Platinum.. don’t think it’ll reach any new all time highs then, it’s one announcement away from a huge permanent drop, although that might never happen.

January 09, 2019, 01:37:52 AM
Any day traders in the forum? Not gonna hate on day traders, if humans figured out a way to get to the Moon and how to cause unspeakable destruction with little Atoms, then there is definitely a way to figure out how to make money day trading... its probably not rocket science.

That being said though, go ahead and take a look at the Forbes 100 richest list, you’re not gonna find any day traders there.. instead you’re gonna find the likes of Warren Buffett, Ray Dalio, and Carl Icahn who made their money through regular investing, (should probably add Bill Gates, Mark Zuckerberg, Jeff Bezos, etc. as well as I don’t think they’d be on that list if they’d be switching in and out of their own stock).

Is short, can you make money day trading? Yeah, with the right skill set, I guess. Is it the superior way to make lots and lots of money? No.

January 22, 2019, 10:59:16 AM
Re: Any day traders in the forum?
That's like saying 'don't open a grocery, because the rich people open chain stores'.

Trading is a job (gambling job according to some, but still.), While investing is not.

I know people making 3-5k daily on average from day trading.
Bad analogy.
Are you suggesting that 3-5k is average return for a day trader or even a plausible fantasy for most people? Successful day trading isn’t comparable to opening a grocery, or to any other traditional way of making money for that matter, and you know it.

January 22, 2019, 11:22:14 AM
Amazon HQ2
Reminds me of me walking away from a fight I had with my 4 year old nephew because I had more important things to do, and him being convinced that he won the fight..

February 14, 2019, 03:46:46 PM
Re: Amazon HQ2
The government shouldn't be in the business of creating jobs, it should be making sure not to get in the way of those who create jobs. One way to not get in the way of those who create jobs is to not pick winners and losers because they like one industry over another or because it looks good for them when running for re-election.
One way of getting in the way of those creating jobs, is to ignore them when they offer a great deal.

February 14, 2019, 05:13:39 PM
Re: PSA: Don't swipe recklessly for others
And perhaps they don’t want law enforcement prying too deep into their own interactions with the banks.
Probably the #1 reason..
What frightens me the most is once the inevitable happens and this lands in court and the facts become clear, it then becomes a matter of time until the Post or even the Times start working on a story, it has all the buzz words and narrative filling facts to it.. Orthodox Jews, stealing money, bank fraud etc. Huge mess

March 03, 2019, 11:59:22 AM
Re: PSA: Don't swipe recklessly for others
Be sure to record it yourself in case of edits!!!
Also, he will prob have the attitude of m many wealthy people that credit card churning is for poor uneducated people and that it's just a way to take advantage of credit card companies. His undertones are very loud. Since he runs the show, the only way you can outshout him is by quoting real numbers and facts and citing sources. You can't just tell him "the credit card companies want people to sign up because most people....."
Also, he'll def challenge you on going against T&c by selling points.
You'll prob want to explain how the banks strong-arm the cardholders when they are in the mood, how they shut down and steal hard-earned points at their discretion. Also, the way they devaluate points and how points don't have legal cash value.
Lastly, tell him not to compare the Amazon tragedy to 9/11. And don't forget to talk about wealthy people declaring bankruptcy to save their assests. Ask him if that's also against his ethics.
Lol I’ve never listened to his podcast but from the way you and others describe his attitude it sure sounds like he has a massive arrogant chip on his shoulders..

March 06, 2019, 09:00:24 AM
Re: Ethiopian Airlines 737 crash. 150+ dead
Even worse...
I’m actually happy about it.. we fly on these things everyday, I don’t mind Boeing being under the highest level of scrutiny.. I’ll save my patriotism for July 4.

March 13, 2019, 06:22:40 PM
Ethiopian Airlines 737 crash. 150+ dead
I can say the same argument in reverse.

We have to know that pilots around the world are trained well, and not have an investigation that's biased against Boeing.
Agree, US pilots appear to be better trained, more professional, older, and with more flight hours, but all reports indicate that Boeing neglected safety precautions to get the Max approved and up in the air, including avoiding to retrain pilots -even US pilots- on how to deal with the Max 8-9 specific issues that brought these aircrafts down..  even good pilots are only as good as the equipment they’re handed..

March 13, 2019, 06:49:57 PM
Re: Ethiopian Airlines 737 crash. 150+ dead From the Airline Crisis manual:

“When in need of extra planes (due to groundings etc.), you find areas with civil unrest, and cancel those flights”

March 15, 2019, 01:04:29 PM