Gas hit $5 in my state for the first time in years, what happened that I made money?
Yeah, all my dividend etfs popped. They rarely beat the market that much. My individual names also did well.
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Yeah, I’m struggling with that, a few weeks ago it was $3.56 at my nearest station. Last week it went to $3.71, and yesterday it jumped to $4.01. Thankfully, my Vespa has a full tank and I got two gallons for the mower a month ago, or I’d be in dire straits right now.
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Make sure to extend your retirement one day to hedge against future oil inflation.
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And of course, today they give back some of that gain while the rest of the market is up.
Yeah, I was feeling really great seeing SCHD pop right at 2% yesterday, but I gave up 65bp of that today. But hey, got paid today, so more in the 401k, more into brokerage, let’s go.
You say that … but how much of any “blue chips” fund is still going to be Tech in some form or another? I want a broadly diversified fund with NO TECH available when I scramble for the exit.
I don’t think tech itself is the issue, but just what it leads to - high P/E and/or no dividends. Those should fall out of or have been excluded from any blue-chip funds anyway.
Yeah, I don’t care if some of the fund is in HP or Dell, I don’t think.
At this rate I will hit my £1m goal in less than 3Y
Nothing seems to be stopping the elevator. Not even an energy crisis.
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SCHD is pretty close to this with about 7-10% TECH and what there is are pretty established companies like Qualcomm, Dell and IBM that pay dividends and are not at crazy multiples. When companies like this run to crazy valuations they get pulled in the annual reconstitution as Broadcomm was a few years ago.
The way the market looks right now, if you have a definite number that will meet your needs you might want to keep your finger on the exit button so you can lock it in, because it may happen sooner than you think.
Mods, please change the thread title to “Stocks: what goes up must go up exponentially and never come down.”
TIA
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The last month has been crazy. Never seen anything like it
I get this, but I also wonder if it makes sense at the moment where everything a lot of these companies are producing is bought for the next several years. In contrast, whirlpool just dropped 20%.
From what I can understand it’s basically a narrow sector of the market is going nuts. The rest of the market is acting somewhere in the real of rationality.
The question is when does AI hit the wall? Does it hit the wall? I’m getting some value from it at work. My friend uses it to make funny cartoons. I’m not sure either of us are willing to pay $20-30/month for a personal account. Big Tech has deep pockets and can pay out astronomical amounts for awhile. At some point they’ll have to look at returns on investments, but it seems like we’re still 2-3 years away at least.
It seems fantastic for coding. I bet it results in large productivity gains there. I’m suspicious all these tech people see the productivity gains in tech and extrapolate that to the entire economy.
I’ve tried like 5 different AIs to help me decorate a room though and I’ve given up. It just gaslights you.
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Even for coding it needs a lot of babysitting
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I don’t code anymore but a lot of folks at work are using it. It is amazing for quickly generating simple analysis and charts, automating some more routine coding, it’s definitely improving productivity. But you do have to peer review it, and it is finicky. A coworker told me yesterday he ran some Claude code, then appended some data, and ran it again, and it dropped 2-3 columns from the output and he had to try again.
So it’s very useful, I still wonder if it replaces people, or if people will just be expected to do more. Like when Excel hit the actuarial field.
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I think it’s going to end up being more a case of expecting us to do more vs layoffs for skilled workers.
It seems to me that every LLM has been throttling down maximum usage, to where you can sometimes only use a few prompts before it requires cash.
I know a lot of people already paying for personal accounts. Given the throttling, I now have a work account. I’ll be curious to what degree it’s adopted as a “background subscription” for people, but I think the amount is nontrivial.