Epic's Account Talk

[Epic]

Dang, those insiders are good.

Yeah.....Today looks pretty sweeeeeet so far. My only thought is that since today is Turnaround Tuesday, does that now work inversely and we give it all back and then some over the next three days???
Another thing is that all funds are going up at the same time. That's not "normal" behavior, and always makes me a bit cautious. :worried:

 

[WorkFE]

Another thing is that all funds are going up at the same time. That's not "normal" behavior

Other than the last week or so, where one of the three major market indices was up and the other two down, seems fairly normal to me.

 

[Epic]

Other than the last week or so, where one of the three major market indices was up and the other two down, seems fairly normal to me.

By "normal", I mean Stocks go UP, Bonds go DOWN, but you are correct that Positive Correlation (where C, S, I, F prices move in the same direction) and not an inverse relationship between {C, S, I} and F does happen more frequently than in years gone by. Even with that being said, I still take notice. Maybe I shouldn't be so hyper nervous all the time.... LMAO :scared1::scared1::scared1:
Must be the ADHD kickin in....... Where's my Ritalin????

 

[Epic]

Good Morning....... Still a ways to go before the Open, but jeeezzzzz....... :embarrest:
Stock Market Futures - Investing.com

 

[Epic]

Markets Open in about 30 minutes. Futures very sporadic at the moment. Up, Down, Up, Down...... Plus, it's a Friday, plus it's end of month (almost). So maybe we can save face and regroup fresh in May, or do we heed the old saying "Sell in May and walk away"???? In these absolutely insane times that we're in, I have no idea. Anything can happen. :1244::1244::1244:
Good luck to everyone and have a great weekend !!!
Stock Market Futures - Investing.com

 

[Epic]

Another random data FYI for the day.......:nuts:

Read More HERE >>>>> Access Denied
or in more detail HERE >>>>> Access Denied
(I know it says "access denied", but it still works..... LOL)

04/30/2024
Compensation costs increased 1.2 percent for civilian workers, seasonally adjusted, from December 2023 to March 2024. Over the year, total compensation rose 4.2 percent, wages and salaries rose 4.4 percent, and benefit costs rose 3.7 percent.

 

[Epic]

Hey G-Fund Crew. How's an extra .50% sound to you guys ???
Up to 4.750% from the April 4.250%......... Works for me......
https://www.tspfolio.com/tspgfundinterestrate


. ​Ahhhhh........ Soooo relaxing ............

 

[tsptalk]

That is certainly better than those 1% or lower days, or is it?

Playing devil's advocate, the reason we have this heathy rate of return in the G-fund is because of the rate of inflation.

This is not a bad thing for those with fixed expenses, for instance if you don't have a mortgage, a big car loan or credit card balances, or you're locked into a low rates.

Otherwise, the higher prices in things like rent, car insurance, food, energy, etc., caused by inflation will absorb this return. This probably negatively impacts younger people more than us older folks.

 

[Epic]

That is certainly better than those 1% or lower days, or is it?

Playing devil's advocate, the reason we have this heathy rate of return in the G-fund is because of the rate of inflation.

This is not a bad thing for those with fixed expenses, for instance if you don't have a mortgage, a big car loan or credit card balances, or you're locked into a low rates.

Otherwise, the higher prices in things like rent, car insurance, food, energy, etc., caused by inflation will absorb this return. This probably negatively impacts younger people more than us older folks.

Can't say I disagree with that, especially since inflation is like what, 3.5 to maybe 4% right now?? (I'm not sure) That would seem to negate what we are getting out of G fund pretty much.
Seeing that I got lumped into the old people's category, there's a few observations that I can possibly comment on with these young whipper snappers out there. :laugh::laugh::laugh:
A lot of these so-called expenses that they encounter are totally controllable, if they have the strength to break some of these habits that they were probably born into and have become accustomed to their whole lives.
Just for example, Starbucks. Don't be going to Starbucks every morning getting your super large chaka mocha frappe latte (or whatever they call those things) for $5.00 when I can make a dam good cup of coffee at home for 45 Cents, and then complain to me that you don't have any money, or that life is too difficult for you and you can't make ends meet. REALLY ?????
Or like a Chick-fil-A, or actually any fast food place right now, all of which whose prices have at least doubled if not tripled in the past few years because of inflation. But they still go there anyways, because they don't know how to actually cook anything at home. If you can boil water, you can make spaghetti, and probably for about $2.75 instead of $17.95 at a Chick-fil-A or any place else like that for a meal.
And that's just two examples off the top of my head......... All that kind of stuff adds up quick. Learn how to do things for yourself. That's what YouTube is for, so you can learn.
Just for the record (you can laugh if you want) I've never ever been to Starbucks and or a Chick-fil-A, nor do I know anything about Netflix or any other subscription service outside of my basic cable. I learned from an early age how NOT to waste money, where you can still be fairly happy and comfortable even doing without all the luxuries that other people take for granted and consider to be "normal" in their lives.
That's all..... I'm done....:soapbox::lmao:

 

[tsptalk]

Agree. After being a regular for years, McDonald's has priced me out. Also, I have been trying to eat better.

But you really should try Chick-fil-A's nuggets at least once. :cheesy:

 

[WorkFE]

Somebody pays then Somebody receives, Somebody receives and Somebody pays. In the end, we all pay

 

[WorkFE]

In the end, as an old timer, I base moves off the G Fund Rate / inflation / market conditions. I love you all, just wanna be the LESS payer.

 

[jonfresno]

So first off, Tom's right, it's been a while, but those Chick-fil-a nuggets are pretty awesome.

Second off, I'm with you on the coffee. Got my kuerig machine that's probably 15 years old, and I get my Peet's k cups for around 50 cents a cup. Major Dickason's blend. Better than just about any coffee I've had at any coffee shop or restaurant IMO.

Third off, my wife asked for a drink at Dunkin', a matcha drink. Got her the drink, and I broke down and got myself a $5 iced churro latte. Pretty darned good. Now I'm craving the darned thing..:yumyum:

Can't say I disagree with that, especially since inflation is like what, 3.5 to maybe 4% right now?? (I'm not sure) That would seem to negate what we are getting out of G fund pretty much.
Seeing that I got lumped into the old people's category, there's a few observations that I can possibly comment on with these young whipper snappers out there. :laugh::laugh::laugh:
A lot of these so-called expenses that they encounter are totally controllable, if they have the strength to break some of these habits that they were probably born into and have become accustomed to their whole lives.
Just for example, Starbucks. Don't be going to Starbucks every morning getting your super large chaka mocha frappe latte (or whatever they call those things) for $5.00 when I can make a dam good cup of coffee at home for 45 Cents, and then complain to me that you don't have any money, or that life is too difficult for you and you can't make ends meet. REALLY ?????
Or like a Chick-fil-A, or actually any fast food place right now, all of which whose prices have at least doubled if not tripled in the past few years because of inflation. But they still go there anyways, because they don't know how to actually cook anything at home. If you can boil water, you can make spaghetti, and probably for about $2.75 instead of $17.95 at a Chick-fil-A or any place else like that for a meal.
And that's just two examples off the top of my head......... All that kind of stuff adds up quick. Learn how to do things for yourself. That's what YouTube is for, so you can learn.
Just for the record (you can laugh if you want) I've never ever been to Starbucks and or a Chick-fil-A, nor do I know anything about Netflix or any other subscription service outside of my basic cable. I learned from an early age how NOT to waste money, where you can still be fairly happy and comfortable even doing without all the luxuries that other people take for granted and consider to be "normal" in their lives.
That's all..... I'm done....:soapbox::lmao:

 

[Epic]

But you really should try Chick-fil-A's nuggets at least once. :cheesy:

I know, it's sad isn't it?? :laugh:Almost pathetic actually, but I just don't for some reason. I really should, but I just can't justify the cost. It's ridiculous. There's lots of places I've never been to because of that same reason.
I'll be honest in saying that when I was 4 or 5 years old, I remember being in the kitchen and looking up at my mom and she was looking down at me and she said quite sternly " Don't expect to get anything from us when you get older. You get nothing from us. Nothing....." I just looked up at her and I said "Okay"..... And that was that. From that moment forward I knew it was all up to me and I couldn't depend on anyone for any help whatsoever. I had to succeed completely on my own and failure was not an option. I remember that exact moment to this day. I'm quite positive that experience shaped how I approach things in life.
Sorry........... I didn't mean to bum everyone out.
So I have a new goal now for 2024. Save up all my nickels and get my ass over to a Chick-fil-A for some Nuggets. YAY :lmao::lmao::lmao:

 

[tsptalk]

Your mom's words had quite the influence on you. A quick dose of reality to start life.

Just like the entitled kids today. . I got lucky and / or did something right with mine.

Don't get me started on coffee. I'm a bit of a snob. I've never had a latte or cappuccino kind of drink, but I will roast my own beans. I'm always searching for a good coffee bean. I will pay up for them but buying 5 or 10 pound bags of unroasted beans makes it reasonable per cup.

As for the chicken nuggets... you'll get it if you try them. I can't remember the last time I ate there, but that's all I get if I go.

 

[Epic]

Your mom's words had quite the influence on you. A quick dose of reality to start life.

Just like the entitled kids today. . I got lucky and / or did something right with mine.

Congrats on your own kids. Good job and they'll be better off for it.
I try to look at things optimistically, so I always say to myself "Well....at least she told me". :laugh:
From that moment on, I knew it was Sink or Swim. All in all, I'd say it worked out fairly well.
I'm out......... Have a great weekend everybody ! ! ! ! ! !

 

[Epic]

 

[Whipsaw]

Have a cold one! We're making almost 5%, right? :beerchug:

 

[Epic]

Have a cold one! We're making almost 5%, right? :beerchug:

Yes Sir, at 4.750% currently (totally risk free), so I have no complaints at all. Also, there's plenty of High Yield Savings out there for your "Emergency Fund" money that pay over 5%. Tab Bank (for example) is paying 5.27% with no minimum balance at the moment (FDIC insured).
Once you're financially able to leave your career with confidence and gain your freedom, the 2 factors (at least for me) that carry more weight are Risk and having Confidence in the Market. I want to play, but right now it's a bit too risky and the Market is Sketchy AF. Patience Grasshopper....... I honestly believe that the future will hold better opportunities in a much more stable (less risk) financial environment.
Until then......I'll take your advice.
Whipsaw Brewing

 

[Epic]

Post-PPI dip for stock futures proves short-lived

Post-PPI dip for stock futures proves short-lived
By William Watts

A kneejerk dip for stock-index futures and a pop higher for Treasury yields following a hotter-than-expected April producer price index were both quickly unwound.
Stock futures were back to where they were ahead of the figures, with Dow futures were up less than 0.1%, while S&P 500 and Nasdaq-100 futures were off slightly.
Analysts said downward revisions to the March PPI reading helped blunt the reaction to the April data.