Things are definitely a little on the slower side. I don't know about the poster, though. I was just curious why that seems to be the case, which was answered above. I have noticed a lot of pullback from folks. Lots of folks that will finance 3,000 dollars type of thing. This has always been the case on the lower income levels, but it's crept into the middle and even lower upper income folks as well. It's interesting to me because I deal 98% with insurance, so these are people that NEED things. Perhaps the frivolous spending from Covid finally caught up, I don't know.

And IMO those types of observations and discussion aren't the type of poster I was referencing. I was referring to the ones who view everything through a sky is falling lens. Some to the point they seem to have a vested interest, whether that be financial, political or otherwise, in it coming true.

It's way more fun to be bullish. The number goes up and it always will, they literally can't stop printing. Buy

@NFLPlayerProps said:

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It's way more fun to be bullish. The number goes up and it always will, they literally can't stop printing. Buy

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It can be incredible fun but, no one here is ignorant of what is going on or what the end game looks like in all of this. The fact that they can't stop printing is precisely why the number will go down...not on an escalator...but an elevator. Make it while you can. Sock some away for a rainy day.

Yes, take profits. Wise advice.

So is now the time to enter the stock market as a side hustle?

My wife and I have five income sources as follows.
Her:
1). TRS pension
2). SS check

Me:
3). SS check
4). An annuity that was funded from my IRA when I retired
5). I substitute teach on the HS level at a local school. We could get by without this money, but the income from this job funds the 2-3 week vacation we take every year or one to two short hops every once in a while.

I stuff as much $$$ into various savings accounts with GSB, Ally, AMEX savings and Bask Bank. All of the accounts serve a purpose. One account contains my football and basketball ticket money and another holds what I refer to as escrow money, year end tax $$$, homeowners insurance, flood insurance, etc another holds money for longterm savings purposes, vacation money, another contains money designated for medical expenses that Medicare doesn't cover, and on and on etc. our total income for 2024 was reported as $166,000 and we received a $3500 refund. Oh yes; I have a tax free income annuity that is worth $225,000. We took a small disbursement three years ago but don't intend on doing that again.

We have no car payments, the house has been paid for since 2012 (was built in 2002) and if I wanted to sell the house I have been told I could get $550-600,000. And I am already stuffing money away for the purchase of a new car which will have to happen somewhere down the road.

So why invest in the stock market? To see how much I could make without going nut-cased if you catch my drift. I'm interested in seeing what I could generate.

Comments/thoughts please.

If it were me I would consider devoting a small sum to a very high yielding ETF that generates income on stock options. For instance you could buy 1000 shares of ULTY for $6000 or so, and it pays almost $100/week (usually 9 to 9.5 cents/ share).

Be careful with high yield ETF's. Some erode principal just about as quick as they pay dividends.

Proposition Joe said:

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Aglaw97 said:

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And IMO those types of observations and discussion aren't the type of poster I was referencing. I was referring to the ones who view everything through a sky is falling lens. Some to the point they seem to have a vested interest, whether that be financial, political or otherwise, in it coming true.

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In most cases I think it's less a vested interest in it coming true, but more the need for confirmation that either sitting out this market for some period of time or not going as "all-in" as many was the right move.

When the crash does happen, you'll hear a whole lot of "i told you so!", ignoring the years and years of gains left on the table.

Like most markets, both sides are eventually right.

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This is true as well. Some people would prefer things burn to the ground just so they can say "told you so".

Example of one or two please; I want to do some research.

Aglaw97 said:

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Proposition Joe said:

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This is true as well. Some people would prefer things burn to the ground just so they can say "told you so".

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I'm a good bit bearish myself...likely due to my age...market not making much sense to me anymore...but, I'm not seeking any sort of vindication through a falling market. I'm near retirement and still heavily invested. That's spiking football in the wrong end zone dumb.

Thunderstruck xx said:

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Makes sense overall. Wages are not keeping up with inflation. People have little to no disposable income these days.

My wife and I earn somewhere in the top 3% of the income range in the US, and it seems like there's less "play money" each month after contributing to our 401k's and other investments.

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And yet people using food stamps at the grocery stores are all talking on iPhones. Prices are what they are. The issue is people, not saying you, see lifestyles on tv and think they are "owed" close to the same standard of living.

ABATTBQ11 said:

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Be careful with high yield ETF's. Some erode principal just about as quick as they pay dividends.

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Yup. That's why I mentioned ULTY. Reasonable div of 9 cents/week and it recovers the NAV quickly.

5Amp said:

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Heineken-Ashi said:

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I'll do it for you..

Stock Markets - Page 6773 | TexAgs

Quote:

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All in all, the reason I keep posting my SPY chart, is because I don't know exactly which term of the structure is ending. But I know it's at least the shorter term. Not only do I want to protect myself, but I want dry powder should $500 merely be a bottom leading to another year or two of bull. Calling a top is hard, nearly impossible. That's why you see people who try often mocked. They are either perma bear or just early. Sometimes YEARS early. I've been there. I thought 2021 was it and this large-scale fall had started. Top callers who can't pivot when wrong get left behind. As I did at first, before finally jumping on the wagon. But there are times when its just not worth it to chase the last piece of meat on the bone. As the ones who fail to get out will end up holding the bag. The ones who try to buy the dip after the top will be exit liquidity for others and will be holding a bag. I personally see this market as too risky to stay aggressively long in. But I'm not even 50% cash. That's because I'm invested in setups that I believe are probable. Some of them would do really well in a declining market. Some will do well in a strong market. I know where each one will fail and will get out accordingly once those levels break. But again, this market needs a significant correction just to resume a healthy look. There is far more to lose up here, in my opinion, than to gain. And with the reverse repo approaching late 2019 levels, it's getting close to time that a selloff won't have any liquidity to buy it.

---

As for what I predicted on Feb 7..

Quote:

---

The upper $641 target is also the trendline target, and the 161.8% extension, of the move off the 2022 lows. That kind of confluence between short term and medium-term targets can tend to be a magnet. This 2-3 year move could ALSO be an ending diagonal, though it's hard to tell because it never overlapped. Non-overlapping diagonals ARE possible, but I don't count them as reliable for playing any sort of reversal. Still, it's possible. And if it IS an ending diagonal, then the reversal would target $350-$410 range within 2-3 years. If it's not, I still think it's likely that the $500 level that I expect to see by late this year is merely the first wave of a bigger correction. The only thing that would change my mind is if it dropped RIGHT NOW to $500. That would actually be the best-case scenario, as getting there without making a new high first would point to a bottom that could lead to $667-$700 as the next move into next year. It would be a healthy drop within the larger structure. No matter what, that $500 range will have to hold once the market approaches it for any chance at future highs.

---

And why was it important to hold that area? Because it could be a 4th wave in a larger ending diagonal.



Go on buddy, show me all of your correct calls that gave specific targets and timings. Show me your outlook on a chart with ACTIONABLE advice.

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No offense dude but You should stick with evaluating stocks for short term buys and sales which you are really good at and stop with the gloom and doom predictions for the Trump economy.

For the record, I have made a lot of money following your stock advice and will continue to do so but a lot of us are bullish on America's financial future and you been predicting calamity for a while now. Maybe set back, relax, and have a nice cold AMERICAN beer.

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This post sucks.

Its not about a "Trump Economy" or politics. Its one posters view of fundamentals (which he has supported his analysis (not to say it will happen).

Could some companies be slowing due to people seeing what happens with tariffs and the bloated bill?

MaroonStain said:

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AgOutsideAustin said:

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So basically one shoe has dropped and we are just waiting on the other.

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OP is a doom and gloom griefer on every board

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I think you have me confused with someone else. I almost never post on this board, and 90% of my posts are about politics or religion.

Let's be fair.. you also take victory laps on the watch thread when you need a pick me up.

MRB10 said:

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Let's be fair.. you also take victory laps on the watch thread when you need a pick me up.

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Guilty

There's a watch thread?

https://texags.com/forums/38/topics/2759133

monarch said:

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Example of one or two please; I want to do some research.

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I've had good results from MSTY, but do your own research.

I'm buying things they cannot print. I see no way out other than inflating away the debt.

Its Texas Aggies, dammit said:

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monarch said:

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Example of one or two please; I want to do some research.

---

I've had good results from MSTY, but do your own research.

I'm buying things they cannot print. I see no way out other than inflating away the debt.

---

Trump could revalue 261,000,000 troy oz. of gold on the Treasury's books to $141,762.45 per troy oz and almost wipe the slate clean on the national debt. Of course, that's if we still have gold in Ft Knox vaults. Someone said all the gold is in a bank in Beverly Hills...in somebody else's name.

that's only the gold in California

harge57 said:

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Tex117 said:

---

5Amp said:

---

Heineken-Ashi said:

---

I'll do it for you..

Stock Markets - Page 6773 | TexAgs

Quote:

---

All in all, the reason I keep posting my SPY chart, is because I don't know exactly which term of the structure is ending. But I know it's at least the shorter term. Not only do I want to protect myself, but I want dry powder should $500 merely be a bottom leading to another year or two of bull. Calling a top is hard, nearly impossible. That's why you see people who try often mocked. They are either perma bear or just early. Sometimes YEARS early. I've been there. I thought 2021 was it and this large-scale fall had started. Top callers who can't pivot when wrong get left behind. As I did at first, before finally jumping on the wagon. But there are times when its just not worth it to chase the last piece of meat on the bone. As the ones who fail to get out will end up holding the bag. The ones who try to buy the dip after the top will be exit liquidity for others and will be holding a bag. I personally see this market as too risky to stay aggressively long in. But I'm not even 50% cash. That's because I'm invested in setups that I believe are probable. Some of them would do really well in a declining market. Some will do well in a strong market. I know where each one will fail and will get out accordingly once those levels break. But again, this market needs a significant correction just to resume a healthy look. There is far more to lose up here, in my opinion, than to gain. And with the reverse repo approaching late 2019 levels, it's getting close to time that a selloff won't have any liquidity to buy it.

---

As for what I predicted on Feb 7..

Quote:

---

The upper $641 target is also the trendline target, and the 161.8% extension, of the move off the 2022 lows. That kind of confluence between short term and medium-term targets can tend to be a magnet. This 2-3 year move could ALSO be an ending diagonal, though it's hard to tell because it never overlapped. Non-overlapping diagonals ARE possible, but I don't count them as reliable for playing any sort of reversal. Still, it's possible. And if it IS an ending diagonal, then the reversal would target $350-$410 range within 2-3 years. If it's not, I still think it's likely that the $500 level that I expect to see by late this year is merely the first wave of a bigger correction. The only thing that would change my mind is if it dropped RIGHT NOW to $500. That would actually be the best-case scenario, as getting there without making a new high first would point to a bottom that could lead to $667-$700 as the next move into next year. It would be a healthy drop within the larger structure. No matter what, that $500 range will have to hold once the market approaches it for any chance at future highs.

---

And why was it important to hold that area? Because it could be a 4th wave in a larger ending diagonal.



Go on buddy, show me all of your correct calls that gave specific targets and timings. Show me your outlook on a chart with ACTIONABLE advice.

---

No offense dude but You should stick with evaluating stocks for short term buys and sales which you are really good at and stop with the gloom and doom predictions for the Trump economy.

For the record, I have made a lot of money following your stock advice and will continue to do so but a lot of us are bullish on America's financial future and you been predicting calamity for a while now. Maybe set back, relax, and have a nice cold AMERICAN beer.

---

This post sucks.

Its not about a "Trump Economy" or politics. Its one posters view of fundamentals (which he has supported his analysis (not to say it will happen).

---

Nothing in his post is about fundamentals.

---

Let me rephrase. Its one posters view of the market using market data rather than politics.

Better?