Current Affairs Stocks and shares and stuff

[Kiwi]

Bought a bit of lego as an investment. Did some research and was selective about a couple of sets that should gain value significantly.
Gonna hold off buying any stocks for another 3 months as I suspect the market hasn't quite bottomed out yet.

 

[roydo]

Bought a bit of lego as an investment. Did some research and was selective about a couple of sets that should gain value significantly.
Gonna hold off buying any stocks for another 3 months as I suspect the market hasn't quite bottomed out yet.

When I was a delivery driver, whenever a new lego thing came out, the big stuff, one bloke I delivered them to always bought 3 of them. One to do, and 2 to never even open.

 

[LinekersLegs]

 

[carolinablue232]

Yikes. That early 2000s drop really puts things in perspective.

 

[LinekersLegs]

and this bubble could well go pop if employment starts to turn down

$1,000-a-month car payments are now a thing

More than in 1 in 9 new-car borrowers are agreeing to monthly payments of $1,000 or more.

www.axios.com

Driving the news: 12.7% of buyers who financed their new vehicles in June agreed to monthly payments of at least $1,000, the highest level ever, car research site Edmunds reported Thursday.

• That's up from 7.3% in June 2021 and 4.6% in June 2019.
• 36.1% of borrowers opted for loans of 73–84 months, up from 32.8% in June 2021.

The big picture: Supply chain issues and other inflationary pressures have made new and used cars, pickups and SUVs more expensive than ever.

• New-vehicle prices are averaging more than $47,000.

 

[LinekersLegs]

Carnage been widespread YTD

 

[wm02]

and this bubble could well go pop if employment starts to turn down

$1,000-a-month car payments are now a thing

More than in 1 in 9 new-car borrowers are agreeing to monthly payments of $1,000 or more.

www.axios.com

Driving the news: 12.7% of buyers who financed their new vehicles in June agreed to monthly payments of at least $1,000, the highest level ever, car research site Edmunds reported Thursday.

• That's up from 7.3% in June 2021 and 4.6% in June 2019.
• 36.1% of borrowers opted for loans of 73–84 months, up from 32.8% in June 2021.

The big picture: Supply chain issues and other inflationary pressures have made new and used cars, pickups and SUVs more expensive than ever.

• New-vehicle prices are averaging more than $47,000.

Paying that much for a monthly car payment is crazy.

*whispers tenderly to my 2006 Toyota Camry

 

[summerisle]

 

[evilwebby]

The everything bubble has now given way to the everything bust.

 

[nosejam]

History may not repeat itself but it sure does rhyme. Spy today overlaid with Spy 2008

 

[evilwebby]

TA update:


TLDR, "this is a not a good look" is repeated... more than once

 

[LinekersLegs]

 

[LinekersLegs]

Not stocks but those in the US might want to check out I bonds currently yielding 9.62% for the next 6 months.

https://www.treasurydirect.gov/indiv/research/indepth/ibonds/res_ibonds.htm

Federal tax applies (on redemption) but not state taxes

Disclaimer - not financial advice as there are some restrictions/penalties so may not be suitable for everyone.

 

[Rook]

August 2022: Gordon is worth 60M

November 2022: I'm worth 60M

 

[evilwebby]

A (un)happy coincidence that the market peaked on the first day of the year!