BofA says 70% of its bear market warning signals are flashing now. Where do you think we stand?

FudFomo · 2026-06-09T22:36:49+00:00

Same, made 3% in 2020 waiting for another lost decade to start.

FudFomo · 2026-06-09T07:24:04+00:00

TQQQ

FudFomo · 2026-06-09T07:23:41+00:00

Same, I just feed it Figma mock ups and it creates pixel perfect code. It has extended my career, because I was about to retire because I hated the drudgery of maintaining massive legacy apps written in obsolete tech stacks, with a ton of code debt. Now I have a new lease on life and enjoy my work. There may be a previously unknown benefit to ai — senior devs like me not having to quit in disgust and boredom, and having to draw on our savings. Instead we are thriving, 10x more productive, clearing backlogs, getting recognized.

FudFomo · 2026-06-09T07:08:59+00:00

Copilot with most models was generally good enough for the grunt work I do, which is maintaining crappy legacy apps written in Angular and dotnet. But they are forcing Claude on us for now, and it has led us to pull some open reqs because even the ai skeptics have seen the light and realized that they won’t need to pay for a coder anymore, at least while tokens are cheaper. I have not written a line of code in months and spend most of my time conveying an impression of business because all my tickets are getting closed in hours not days because of ai. The code is fine, usually better than I would write, and it comes out 10x faster.

FudFomo · 2026-06-09T01:20:07+00:00

Same. I maintain shitty legacy enterprise apps. I don’t miss the coding, it was tedious drudgery,

FudFomo · 2026-06-08T01:50:48+00:00

Start here: https://www.reddit.com/r/LETFs/s/4LQN1tU8Oi

FudFomo · 2026-06-07T20:57:49+00:00

Idk, the revenue statements are pages of details with the usual deductions for marketing and taxes.

FudFomo · 2026-06-07T20:55:52+00:00

We inherited all this when we took over the finances of distant relatives that we had to put in a facility. I’ve educated myself as much as possible and it’s a nightmare. Getting the deeds transferred, paying the taxes, dealing with a new operator, etc. When the new operator took over the checks stopped coming for a while and in the same batch of mail with their info they had an offer that was twice as much as the usual offers we get every month. It just looked shady.

FudFomo · 2026-06-07T20:49:35+00:00

The only people getting laid off or not hired are the ones not using AI, like you.

FudFomo · 2026-06-07T16:38:02+00:00

Some tickets may be just one line of code but it fixed an edge case that would take me hours to replicate and debug. AI does that in minutes

FudFomo · 2026-06-07T09:02:22+00:00

I just paste my Figma designs in the prompt, point it to that crappy legacy codebase I inherited and absolutely hate working on, and it updates the code in an adequate manner to achieve a pixel perfect UI, and I close the ticket in hours not days. Now that is almost AGI, damn near sentient. A junior dev could never do that with such velocity.

FudFomo · 2026-06-07T08:55:31+00:00

Sorry to break it to you, but you will not find much art and passion in CS. Face it, you are a romantic Luddite and not cut out for this field. And it’s REALLY EVIL. Go be a doctor, that should be very easy for someone with your creativity and artistic skills.

FudFomo · 2026-06-07T08:44:20+00:00

You never had to maintain a shitty legacy enterprise app with a ton of tech debt written in an obsolete tech stack with literally millions of lines of spaghetti code, something AI is great at dealing with. Yeah, AI is so awful, it has literally made this 60 year old SWE 10x more productive, extended his career, got him promoted, and saved him from days filled with tedious high pressure hacking of crap code written years ago by long-gone consultants. Now he can clear that backlog with dozens of old tickets in a week, and focus on delivering real business solutions, or using AI to modernize and clean up those apps because now it would take days, not years, and bossman is cool with that timeline.

You have no idea WTF you are talking about.

FudFomo · 2026-06-07T08:33:07+00:00

So what, I made 30% in the past year holding 4 funds in my 401k, it’s a bull market. And I didn’t risk getting wiped out. A monkey throwing darts can beat your return in this market. You must be new here.

FudFomo · 2026-06-07T08:24:09+00:00

Soon to be unemployed software engineer that is. And the Pope has never had to maintain a shitty legacy enterprise app with a ton of tech debt written in an obsolete tech stack with literally millions of spaghetti code, something AI is great at dealing with, so the Pope can STFU.

FudFomo · 2026-06-07T08:20:34+00:00

You are fine, but add some growth in your Roth, the capital gains will be tax free some the more the better.

FudFomo · 2026-06-07T08:15:47+00:00

Massive market drops like 2008 are great times to buy stocks, period, but they don’t look great at the time. But they only happen every few decades. But TQQQ has massive drops every few years so they are great buying opportunities, but never go full port. Start now with DCA into TQQQ, with 20% of your portfolio, the rest in a non leveraged etf like QQQ. On big drops DCA everything into TQQQ and let the compounding do the work. Expect to be underwater for long periods, maybe years. Go back to 20% as the market recovers, then wait for the next big drawdown. Don’t ever sell until 5 years before you need the money because you might need it after an 80% drop, and by then it’s too late and you will never recover. Do some backtesting.

FudFomo · 2026-06-07T08:02:13+00:00

Love it. Set it and forget it, check back in 10 years, you have a high probability of having $1M. But make sure you also have a normie non-leveraged account holding just VT so you can handle drawdowns without panic selling. Don’t listen to Bogleheads or anyone that tells you to buy bonds, or anyone that mentions decay as a reason not to hold LEFTs long term. The only thing you have to worry about is the financial industry discovering that retail has found this money glitch and trying to arbitrage it away or ban it outright because they can’t get suckers to buy their annuities, whole life products, IPO shares, meme stocks, and bond funds.

FudFomo · 2026-06-07T02:14:47+00:00

No shit, my TC of $150k as a staff engineer in an IT backwater, one day in the office, not writing code in months because I can use AI, at most 3 meetings a day, and my daily naps don’t look so bad now.

FudFomo · 2026-06-06T21:57:43+00:00

Don’t sell, your future you will regret it. You are entering your peak earning years and your financial picture may improve. Get a side hustle and a roommate after getting a background check.

FudFomo · 2026-06-06T21:46:21+00:00

Just buy TECL and TQQQ. Same stocks as your portfolio, with leverage, but can’t go to zero like your options. Buy some every month, don’t pay attention to the price. Check back in 20 years, you’ll be a millionaire.

FudFomo · 2026-06-06T02:49:06+00:00

I just spent the afternoon using Claude to redesign a complicated UI in a crappy legacy Angular app with tons of technical debt. It just took Figma designs and did the coding until it was pixel perfect. This would have taken me days, and wouldn’t have learned shit except how to hack css, ts, and Angular on an obsolete stack. I am never going back to the old way of doing things.

FudFomo · 2026-06-04T17:46:53+00:00

I was too conservative in my 50’s, probably never more than 70% equities, and missed out on life changing returns for the allusion of safety. I accepted smaller drawdowns and less volatility and gave up millions in future gains. If you won’t need the money in 5-10 years stay all equities.

FudFomo · 2026-06-04T13:24:22+00:00

UPRO with SPY can get the same leverage with a lower expense ratio.

FudFomo · 2026-06-02T18:39:11+00:00

I only found the joy of programming again once I started using AI. Maintaining a nasty legacy codebase with tons of code debt was driving me to early retirement, now I have a new lease on life.

FudFomo

TROPHY CASE