Home Forums Hunting & Shooting Hunter's Campfire Tech Stocks

According to him, he's overachieved in his first year.

I have taken a beating in GOOG [12%] and AMZN [37%] and NFLX [47%] over the last 6 months.

My relatives in MSFT [4%] not so much.

That would be a$$hole to the mear mortals.

kwg

O'Biden did promise a "Dark Winter"... of Severe Illness and Death.

Unfortunately, he was talking about America.

Our scrap yards pay 5 cents a pound for lead but will sell it to you for $3/pound. I agree lead has value but it's hard to get the value out of it.

Gold and silver are manipulated and suppressed but I think that if a currency crisis hits gold and silver will be hard for them to manipulate and may climb to its real value. Silver gets too bulky to handle after stacking for a while so I've had to move to gold. I bought a few thousand pounds of quality monotype from an old printshop owner a few years ago and it was not fun to move. I'd hate to have my net worth in it and need to move it.

I do think there is value in stocking up on real assets. My friend told me about a town in Brazil he lived in when their currency went down. He said every payday all the people in town spent their whole paycheck on bricks at the towns brick factory and stacked them in their yards. By the time they got their next paycheck the price of bricks had more than tripled and and got worse with time. Real assets can be a store of value when currency is dropping. When I bought a new truck and new jeep in 2019 I wouldn't have guessed I'd be selling them at a 20% profit 2 years later but I did.

For me the best way I've found to stack lead has been in the form of loaded ammo. If ammo prices drop a bit more I'm going to add a few more pallets to that stash. I keep a pretty large food storage and enough other hard assets to protect it.

I keep an account with an emergency fund that will support my family for a year but at this point I worry it's stupid to have that much sitting in a savings account devaluing. Other than gold I'm struggling to find another hard asset that's easy to store, transport, and trade.

I parked my retirement funds in money markets a year ago. I wasn't sure when Biden would screw up the economy I was just sure he would do it at some point. I felt bad the last year watching it devalue but I know others that are feeling pretty bad about their funds and crypto this month.

Bb

That delta is terrible... Mine was something like $0.75 inbound and $1 outbound (but that was years ago). I had shops that supplied much to me at $0.50 or less (because they didn't want the hassle).

My sons and I made Wake Boat disks and were selling them at $4/pound.

I had tons of lead ingots back in the day... but not anymore.

I have since switched to other hard commodities past few years and my focus on stuff changed.

Each man should KNOW TO THE CORE what is best for him.

I like that brick analogy about Brazil...

America went "All In" on being a Service Economy over the past 2 decades...

It was a stupid decision IMHO... we are paying the price now.

Much Tech and Service will faultier/fail.

So be it.

Nice comeback by the "baby seals" today.

Yeah, amazing bounce today. I put about 130k to work about an hour into the day. We'll see what it does in the next couple days. But I'm gonna keep a tight sell stop because I don't trust Brandon.

Think I'm going to buy some AMZN today. Sale price < $2800.

I got stopped out even money. More blood after hours.

I only have tech in my index funds. I took out another 5k out of the S&P500 yesterday and actually made money yesterday cause it came back. You will notice that the high dividend ETF's made money today again. SPYD +.33%,, SCHD +.06%, VYM +.07%, HDV gained .77%. That is incredible.The energy stock index gained 3.75?% today. I gained .65% today and am up 1.8% YTD.

Just riding right through it all.

SELL SELL SELL! The end is near! The sky is falling!

word


And not just in relation to the subject of this thread either.

The really sad thing is everyone is waiting to hear what the Fed says instead of worrying about products, sales, market share, and profits. Our markets have been reduced to groveling for government money printing.

HARD COMMODITIES... PHYSICALLY HELD.

Need pallet racking for my metal buildings in West Virginia... bought 24 uprights, 80 beams, racking shelves for $2,560 today. Chuck threw in about $500/$600 of additional stuff free. Organization of stuff is critical for me.



My existing trailers are occupied... so 10 minutes on Facebook Marketplace this AM and found a fantastic 2010 14,000 Trailer 20' that was on the way to the pallet racking.

Bought the trailer at $3,400... picked up the pallet racking...

Will sell the trailer at market in the near future... About $6k...

Moral of the story... FREE pallet racking

Know what you are good at and what you need... and proceed accordingly.

Bought a great used backhoe last week for $20k (it will see much functional practical use... then get resold when it's need is done or I'll use it to trade up on a nice track hoe). Great asset that can be resold at 125% of purchase price or more anytime I choose.

Whatever you know well... is always the best asset.

Crypto... TicTok... not a clue about that chit.

Depending on the reaction to tomorrow's Fed event, I may load up.If it's not a bottom, I'll just sell covered calls every month until the bottom and use the premiums to average down on more shares.

I wish you well...