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On August 06 2024 05:28 JimmyJRaynor wrote:If Tuesday goes as Tuesday October 20 1987 did then I am more confident in my observation that this marks a point of inflection for the US economy. My favourite 'black' day for 1987 was Black Sunday February the 15th. This black Monday stuff is depressing although not surprising or shocking by any means. People should've been reacting to the clear signals the past several weeks. Show nested quote +On August 06 2024 05:02 KwarK wrote:
Buffett’s Apple position ... Diversification is one of his core principles. A s you can prolly surmise from previous posts... When Warren Buffet talks.. I listen. I hope things go well on Tuesday.
Looks like both the Dow Jones and the S&P500 already completely recovered the small losses from a few days ago.
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On August 21 2024 11:14 IsraelWilliams wrote:
What do you think will happen with SOlana until 2025? Most of my portfolio is solana, I really believe in it
It's crypto. It may rise to the stratosphere, or it may cease to exist tomorrow because it was a scam all along. My bet is that the entire crypto bubble is going to come crashing down sooner rather than later. So yeah, good luck with that.
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On August 21 2024 11:14 IsraelWilliams wrote:
What do you think will happen with SOlana until 2025? Most of my portfolio is solana, I really believe in it
Solana is generally solid; but you have to wait until at least 2040, because then governments will be using crypto instead of eur/usd. People are not yet ready for digital only interaction in payments. Of course you will always have an underground economy even there, so your portfolio can never be truly safe. Diversify, diversify, and again diversify, to keep you capital safe. One bad egg can ruin the basket, so get yourself many baskets, that way even if one rots, you can turn to another one
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I think majority of transaction are now cashless, so you're bullshitting me when you say "people are not ready for digital only transaction in payments". It's all about barrier to entry and if there is one instance that has an incentive to get people to get money flowing it's financial institutions.
Paying with your phone or paying contactless are such massive changes in the direction of making cash completely irrelevant, it's actually quite insane how fast society has adapted to these changes.
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On August 29 2024 16:19 Uldridge wrote:
I think majority of transaction are now cashless, so you're bullshitting me when you say "people are not ready for digital only transaction in payments". It's all about barrier to entry and if there is one instance that has an incentive to get people to get money flowing it's financial institutions.
Paying with your phone or paying contactless are such massive changes in the direction of making cash completely irrelevant, it's actually quite insane how fast society has adapted to these changes.
A barrier for me when paying with contactless is commissions. More than once I have been asked if I could pay with paper or coin money, because of establishments paying a commission on the transaction. shopowners argue that when paying with cash there is 0 commission. Some places have signs that do not allow to pay for network mobile provider recharges with card, because the commission is more than the amount they make.
Not to mention some establishments flat out refuse to get a machine that allows customers to pay anything other than cash. Those are generally very old people set in their ways.
So it’s not only about the viability, commodity and convenience
That makes cashless payments a thing everywhere, it’s about about people’ s mentality towards it.
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On September 06 2024 15:13 pebble444 wrote:Show nested quote +On August 29 2024 16:19 Uldridge wrote:
I think majority of transaction are now cashless, so you're bullshitting me when you say "people are not ready for digital only transaction in payments". It's all about barrier to entry and if there is one instance that has an incentive to get people to get money flowing it's financial institutions.
Paying with your phone or paying contactless are such massive changes in the direction of making cash completely irrelevant, it's actually quite insane how fast society has adapted to these changes. A barrier for me when paying with contactless is commissions. More than once I have been asked if I could pay with paper or coin money, because of establishments paying a commission on the transaction. shopowners argue that when paying with cash there is 0 commission. Some places have signs that do not allow to pay for network mobile provider recharges with card, because the commission is more than the amount they make. Not to mention some establishments flat out refuse to get a machine that allows customers to pay anything other than cash. Those are generally very old people set in their ways. So it’s not only about the viability, commodity and convenience That makes cashless payments a thing everywhere, it’s about about people’ s mentality towards it.
You bring up some common points about card payments, which are especially common here in Germany. I think they are generally incorrect. Firstly, people make out card payments as way more expensive then they actually are. I can find a card service provider who takes 1.39% without any additional charges on a quick google, and some more who provide other payment plans which may be better depending on your exact customer situation.
Furthermore, dealing with cash also isn't free. It takes a lot of work (and workers cost money), and it has some risks (being scammed, being robbed, ...)
However, as far as i know, these are usually just fake arguments used to distract from the real reason. The actual reason some businesses, especially restaurant owners, don't want you using cards is tax evasion. It is very easy to just not report cash payments for tax purposes. You cannot really do that on card payments.
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I came across this thread and had to chime in. I mess around with stocks and crypto too, but I’m more into the long-term stuff—less pressure for me.
One thing I’ve learned is how important it is to have a solid plan, whether it’s for trading or pitching ideas.
If you’re working on bigger projects, getting good at narrative building for startups can really help—it’s all about making your ideas click with the right people.
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Thoughts on Nvidia losses today?
Nvidia lost $589 billion in market capitalization Monday, which is by far the single greatest one-day value wipeout of any company in history, more than doubling the $279 billion market cap lost by none other than Nvidia on Sept. 3, 2024 (Meta’s $251 billion loss Feb. 3, 2022 is the third-biggest daily loss).
Nvidia’s nearly $600 billion market cap loss Monday is larger than the individual market values of all but 13 American companies, more than the market cap of titans like health insurer UnitedHealth, oil giant Exxon Mobil and retailer Costco. www.forbes.com
That seems structurally problematic to me?
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United States24761 Posts
If a company can lose nearly $600 billion in one day, then it was too big. Just like how a single American losing $100 billion doesn't sound like a problem to me. We don't need people that rich.
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United States43728 Posts
On January 28 2025 09:10 GreenHorizons wrote:Thoughts on Nvidia losses today? Show nested quote +Nvidia lost $589 billion in market capitalization Monday, which is by far the single greatest one-day value wipeout of any company in history, more than doubling the $279 billion market cap lost by none other than Nvidia on Sept. 3, 2024 (Meta’s $251 billion loss Feb. 3, 2022 is the third-biggest daily loss).
Nvidia’s nearly $600 billion market cap loss Monday is larger than the individual market values of all but 13 American companies, more than the market cap of titans like health insurer UnitedHealth, oil giant Exxon Mobil and retailer Costco. www.forbes.comThat seems structurally problematic to me?
Nvidia didn’t lose anything. The projected valuation of all shares combined based on the most recently traded price projected across the entire supply changed. Nothing about the company has changed.
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On January 28 2025 10:58 KwarK wrote:Show nested quote +On January 28 2025 09:10 GreenHorizons wrote:Thoughts on Nvidia losses today? Nvidia lost $589 billion in market capitalization Monday, which is by far the single greatest one-day value wipeout of any company in history, more than doubling the $279 billion market cap lost by none other than Nvidia on Sept. 3, 2024 (Meta’s $251 billion loss Feb. 3, 2022 is the third-biggest daily loss).
Nvidia’s nearly $600 billion market cap loss Monday is larger than the individual market values of all but 13 American companies, more than the market cap of titans like health insurer UnitedHealth, oil giant Exxon Mobil and retailer Costco. www.forbes.comThat seems structurally problematic to me? Nvidia didn’t lose anything. The projected valuation of all shares combined based on the most recently traded price projected across the entire supply changed. Nothing about the company has changed.
Oh (I know what market cap is), I didn't mean structurally problematic to Nvidia. I meant structurally problematic to the US economy. That a company can shed more than an Exxon Mobil is worth in market cap in a day while "nothing about the company has changed".
That would seem to me to point to a bigger structural problem, even if this particular event isn't especially problematic on its own.
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United States24761 Posts
You mean the market cap of Tesla isn't a perfect measure of its value to the human race? 
Yeah the valuation of companies on the stock market is bonkers and will come back to bite us in the form of a recession or depression once again.
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The US stock market is sitting at somewhere in the 70% range for total global stock value. If anyone thinks that the stocks aren't already inflated they're lieing to you or ignorant.
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On January 29 2025 06:02 Sermokala wrote:
The US stock market is sitting at somewhere in the 70% range for total global stock value. If anyone thinks that the stocks aren't already inflated they're lieing to you or ignorant.
I sold 50% of my US stocks (and some of the global funds too) 3 weeks ago precisely because of this. No real idea where to put it now tho. :D
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United States43728 Posts
On January 29 2025 06:02 Sermokala wrote:
The US stock market is sitting at somewhere in the 70% range for total global stock value. If anyone thinks that the stocks aren't already inflated they're lieing to you or ignorant.
There are errors with that logic. The American soft drink companies are Coca Cola and Pepsi. The European ones are also Coca Cola and Pepsi. When you buy those you’re not just buying exposure to American companies.
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Who else thinks real estate investments are the best? Of course, considering all factors like safety, stability, taxes, risks, and profit.
Six years ago, I bought two houses in Vail, and their value has skyrocketed since then, even without counting the rental income, which is pretty solid in that area. You might say I was lucky to invest before COVID, but real estate prices have almost never gone down. It’s a steady, upward trend.
For anyone interested, I worked with Vail real estate experts at Summit Colorado Realty. I highly recommend them, I never had any issues.
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United States43728 Posts
There’s a lot that can be said here about leverage, diversification, monetary policy, asset bubbles, and appropriate benchmarking for evaluating success.
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EPT
