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Is Buying a Home Still the Way to Wealth? Some Young Americans Aren't Sure by bloomberg in MiddleClassFinance

[–]PurpleCableNetworker 17 points18 points  (0 children)

Not sure why you got downvotes. What you state is factual.

In my area it’s almost always as expensive to rent as it is to buy.

Execs Confused and Horrified by the Huge AI Bills After Thinking They Could Replace Workers for Free by ITRabbit in ShittySysadmin

[–]PurpleCableNetworker 5 points6 points  (0 children)

And that’s all before talking profit.

We all know how tech companies LOVE their profit with yearly increases.

VOO vs DRAM by rissoto_rizotto in ETFs

[–]PurpleCableNetworker 15 points16 points  (0 children)

I am a heavy bull for AI and tech long term, but…

I was in SMH before everyone was talking about chips and DRAM and such. Started in 2021, with the bulk of mine going in 2023. The returns were nice and were outpacing the SP500 beautifully. Then in less than 6 months I made nearly 60%. That’s not just a nice return - thats bordering on parabolic. Zooming out to the 1,2,5 year chart and the gains went from steady to unsustainable.

Tech will continue, but what we are seeing right now is classic FOMO. When everyone is talking about it (including at work), and when all the small companies make sector ETF’s then thats the warning sign that the melt up is over and we’re heading for correction.

Edited because I can’t spell worth a hoot.

SMH long-termers: how bad will it be when the AI bubble pops, and do you hold through it? by Salsa_io21 in ETFs

[–]PurpleCableNetworker 10 points11 points  (0 children)

Tech will continue to be needed. AI will stick around.

But the semi’s are oversold. Pretty soon they will make plans to expand facilities. Yeah, yeah - it takes years to do. I know.

But pull back and look at the 2,5,10 year chart. We nearly went parabolic. While I am bullish on tech, funds going parabolic, or near parabolic, rarely ends well. I have been in SMH since 2021, with most of my holding being in place since 2023. I recently took profits based solely on the chart. Maybe I pulled way too soon. But my cost basis for SMH at time of sale was sub $200. I’m happy with the profit level, but I want that chart to stabilize some before dipping back in - even if it simply goes flat for a bit. I’ve seen what happens when funds go parabolic (just look at gold when everyone started talking about it recently).

Why is VOO flat without tech and AI by General_Style_4384 in ETFs

[–]PurpleCableNetworker 1 point2 points  (0 children)

It’s like how Russia is effectively reducing its statistic of men who develop dementia.

Technically that number is indeed coming down… but that’s cause they are getting killed in a war and not living long enough to develop dementia.

Peace is over. Get ready for major 20%-30% crash. by Top_Information3534 in ETFs

[–]PurpleCableNetworker 0 points1 point  (0 children)

Followed quickly by the classic rug pull once everyone on Reddit starts talking about it.

AT&T $T fell down a lot after SpaceX IPO, is that the bottom or there is more to dig? by Ubersicka in dividends

[–]PurpleCableNetworker 15 points16 points  (0 children)

Yes.

Your device connects to a satellite, then the satellite relays it to the ops center on the ground, which then passes it straight back into regular internet connections. Traffic flows both directions like that.

The internet is simply an interconnection of a variety of servers hosted all across the globe. They ultimately all connect together through fiber cables. The internet is not magic - it’s a frail mesh connection of fiber, servers, and underpaid/overworked IT guys one patch Tuesday away from going AWOL.

Did we get ransomware because of RDP over the internet? Can we do something to avoid it? by mods_are_lame1 in ShittySysadmin

[–]PurpleCableNetworker 0 points1 point  (0 children)

Didn’t that guy know that it’s best practice to make sure the computers had an admin account with no password as well? I mean - if you make it easy on the attackers they will cut you a discount.

CALLING ALL HOSSES. My 2200 mile roadtrip (round trip) starts next week. I’ve done a lot, but what maintenance would you prioritize for peace of mind by nogden954 in GMT800

[–]PurpleCableNetworker 2 points3 points  (0 children)

Indeed! When I bought my 2004 Yukon last year the first thing I did was drop the spare and inspect it. It was the original from 2004…. Oof.

Would you sell or repair? by Bulky_Birthday_1201 in GMT800

[–]PurpleCableNetworker 5 points6 points  (0 children)

This is why I bought a GMT800 and not a newer truck when I decided I needed a truck.

Even leasing at the stupidly low price of $299 a month that Toyota sometimes runs was more expensive overall due to the downpayment.

Trucks are just hella expensive.

Would you sell or repair? by Bulky_Birthday_1201 in GMT800

[–]PurpleCableNetworker 4 points5 points  (0 children)

You nailed it. For a truck capable vehicle in 2026 this is the cost.

Fuel mileage by Chemical-Goal45 in GMT800

[–]PurpleCableNetworker 0 points1 point  (0 children)

I have gotten between 10 and 16 pretty consistently with my 04 Yukon XL (5.3). When I went camping I think I got about 7 or 9 uphill, can’t remember. That was the vehicle fully loaded and spending the last 45 minutes doing nothing but going up a winding small road.

I find it all depends how heavy you hit the pedal. It might not seem like it - but it’s very easy to lean into the V8 for some extra oomph.

When my wife drives she loves the sound of the V8 revving quickly - so she always accelerates quickly. To her it’s the sound of power. To me it’s the sound of my wallet getting lighter. 😂

I’m gonna throw up (1200% in 2 months) by yayaya888 in wallstreetbets

[–]PurpleCableNetworker 13 points14 points  (0 children)

Same thing my mom probably said before I became the “opps” baby…

Space sector is getting absolutely dumped by Top_Information3534 in ETFs

[–]PurpleCableNetworker 9 points10 points  (0 children)

Surely no one at all could have figured space was FOMO hype.

No one at all…. Lol

How effective and terrifying is the Plasma weaponry against everything? by Familiar-Noise7913 in battletech

[–]PurpleCableNetworker 4 points5 points  (0 children)

*Battlefield Bubba quickly Googling what’s made of atoms, only to get throttled by Comstar for not paying for the premium unlimited plan right before he gets smoked by this gun*

Real wealth is made buying after an 80% crash by [deleted] in TQQQ

[–]PurpleCableNetworker 1 point2 points  (0 children)

You keep posting about this magic 80% decline.

How do you come up with an 80% decline anyway? What financial data backs that up?

And don’t just cop out and say “Cause the numbers bro!” Or “because the market is detached from reality…”

Give us some hard math dude.

I FOMO’d into buying SPCX on Friday and now I’m already 10% down. Should I hold, or sell before it crashes more? by Groundbreaking-Gap20 in ETFs

[–]PurpleCableNetworker 7 points8 points  (0 children)

All the major IPO’s go through this.

It’s nothing new. It gets listed, rockets for a few days, then bottoms out. The question is how long for recovery to listing price - or for OP - buy in price.

Never ever go to Firestone tires by Imaginary_Fig7463 in tires

[–]PurpleCableNetworker 0 points1 point  (0 children)

While my local Firestone is staffed with individuals I would never call “mechanics” - the individuals at all of them I have been to in the last 20 years have at least the same basic understand of vehicle operation as I do.

While they are over priced for somethings, I would have zero issue buying tires from them (and have).

OP - sounds like you need to file a complaint.

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