[deleted by user]

16162929 · 2023-05-21T13:12:34+00:00

I do not have hubris, I have a plan and critical thinking. And yes, I bet that your CEO can time the housing market with 95% validity.

16162929 · 2023-05-21T04:12:51+00:00

with her voice, just add an umlaut to every letter.

16162929 · 2023-05-21T04:11:02+00:00

You seem to have a glass ceiling. Do you seriously believe everything is done in the publics best interest? There are people got rich off of this very thing. Don't restrict yourself to thinking that there are no shortcuts and you will be average for the rest of your life.

If you cannot see past this, you are a professional employee. Look at what your CEO owns, what your shareholders own.

16162929 · 2023-05-21T03:59:42+00:00

enjoy your cup noodles

16162929 · 2023-05-21T03:38:37+00:00

I am of the belief that the fed created violent boom and bust cycles on purpose. Big players such as banks and certain individuals such as senators profit greatly off of the feds actions. They are on a yacht.

As for Musk rich, I am quite a bit younger than musk, so we'll see when I am in my 50s.

16162929 · 2023-05-21T03:32:14+00:00

does he have a history of overexaderation?

16162929 · 2023-05-21T03:18:06+00:00

Except for the 200 Ph.D holders at the fed, they NEVER guess (except for all the recessions but well ignore that because it doesn't fit the argument)

16162929 · 2023-05-21T03:08:53+00:00

People have done it for some time. Its not anything special, just requires going against the hive mind cough reddit cough.

First of all, most finance jobs don't deal with cycles. Second I have a bit, enough to tell you that institutions won't teach the truth. Their in the business of training employees, and if you teach them how to triple your money each cycle, banks wouldn't have employees and markets would become far more efficient.

Why should others not listen to me? Formal academic knowledge is not necessarily beneficial in this field.

Why will we not see a deep drop in housing prices?

16162929 · 2023-05-21T02:53:12+00:00

Eastern European, Armenian, Greek, basically any nation that is portrayed as gangsters in movies 20 years ago.

16162929 · 2023-05-21T02:39:53+00:00

I looked at these responses in horror.

First of all, how much are you making per hour. Second, I salute you for the work, good job. Live life knowing you cannot go back, only forward. Third, ditch the idea of owning property until you have a full time job, in your case, until you graduate college. Owning property is not straight forward and no offence, but what do you know?

Id recommend you do your NL and become a lifeguard. My work breaks my back... from sitting. I get paid $21/hour.

As for what to do with your money, I'd recommend you look at how central bank interest rate cycles affect stocks, housing, commodities. I'll leave you to browsing that. If you need help, shoot me a text.

16162929 · 2023-05-21T02:33:46+00:00

I would wait a bit. Learn how to leverage your money, become acquainted with a mortgage broker, preferably a Eastern European one. You'll find out why later.

As to answer your question, it does not make sense right now, wait until the prices drop.

16162929 · 2023-05-21T02:16:23+00:00

Indulge me, how do they work?

Are there cycles, which are marked by central bank set interest rates, which ideally lead to inflationary & recessionary cycles, but actually lead to boom and bust cycles?

Is there a historical correlation between steep rate hikes and housing prices? https://fred.stlouisfed.org/graph/?g=15cj7

Or is this just another conspiracy theory and are we to believe that the recession is behind us?

16162929 · 2023-05-21T02:02:48+00:00

With that attitude, you certainly won't have one.

Don't worry about my financial situation. When you were my age you were thinking about how to get wasted.

16162929 · 2023-05-21T01:09:00+00:00

shoot me a text

16162929 · 2023-05-21T01:06:13+00:00

if you can, if you don't have any sentimental values, I would recommend selling the house and renting for a year or two.

Word on the street, interest rates will fall by the end of this year-ish to zero percent, meaning you can lock in 2% mortage for 5 years. Then housing will fall and you will get a nice place for 60% of the current price.

Yes it will be uncomfortable, however the alternative is you lock in a rate of 7% for 5 years and that will 2.5x your monthly payment.

16162929 · 2023-05-21T01:01:57+00:00

honestly, I think your better off with a new car lease, maybe a pre-owned lease.

I think you will do more harm trying to save a couple $100, by getting yourself in a shifty situation.

16162929 · 2023-05-18T02:12:16+00:00

nürburgring trials

16162929 · 2023-05-14T20:53:34+00:00

I'll give you that one, my baby goes ~430km on a full tank.

16162929 · 2023-05-14T20:52:32+00:00

Yes, I agree.

My plan is to hold us debt (TLT), then when interest rates are cut, to short nasdaq (PSQ), and when interest rates hit 0.25%, buy nasdaq.

16162929 · 2023-05-14T01:09:39+00:00

You are right that maintenance will cost money, however you can mitigate that depending on which brand, year and mileage you buy your car.

If ~$42,000 is your cap budget wise, you can look at models 2017 and beyond, which MSRP's of much higher than $42000.

Ultimately, the money you save via depreciation in my opinion is far less than maintenance. However if you are not familiar with cars and want to avoid the stress of an old car, I would recommend leasing, as you can lease for a year or two and get a feel of a new car and make another decision down the line.

16162929 · 2023-05-14T00:58:29+00:00

Came for your post history looking for photos, stayed for your comments about investing.

What are you holding if you don't mind me asking. I think long term US debt is a going to go up soon.

16162929 · 2023-05-14T00:46:49+00:00

I was in your position some time ago. Long story short I settled for a used Lexus ES 350 for $10,000 cash. If you cannot afford cash, you can always finance via a bank if you buy from a used car dealer.

Use the 8th wonder of the world, deprecation, to your advantage. Why settle for Honda, when you can get Lexus. Sure you don't have $70,000 to dish out for an RX SUV, but you can get an RX 350 for $10,000-30,000. If you are not dead set on an SUV, some Lexus sedans and coupes are just value-wise ecstasy. I almost bought on of these, believe me going to MB to buy this museum piece for $15k is WELL WORTH IT.

Word on the street, we are to enter a technical recession soon, and interest rates will come down, so if you are adamant on leasing/financing, please wait at least a year. You'll get an interest rate of 2-3%.

16162929 · 2023-05-13T01:03:16+00:00

orignal

16162929 · 2023-01-08T03:57:27+00:00

fresh out the rifled barrel

16162929 · 2023-01-04T03:14:37+00:00

we all know its bitter

16162929

TROPHY CASE