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Just bought 13 shares of GOOGL, Alphabet Inc holding company for the cost of a good used car.
This is the height of the market, turns out the chatter is for 4 trillion QE4 next month, Jesus Christ, paper dreams.
Maybe I can wipe my ass with it. Wish me luck. :)
Follow Ups:
good luck with the stocks.....
question for you.......what made you decide to go with Google vs something like Apple, Amazon, etc....?
GOOGL is a holding company, similar to Berkshire Hathaway. One reason I bought was because their biggest company is Google, I am not just a google fanboy, I am a Google whore to put it bluntly, I spend a lot of time on YouTube , Google music, and Blogger, I also own 2 chrome books and a chrome box. I own two android devices as well. I think of Google the ways some people think of Apple. I really like their products and services.Another reason is Alphabet INC owns Boston Dynamics, the robotics company, I have been very impressed seeing demos of their human like robots recently, they even have a contract with DARPA. My hope is by helping GOOGL by having a stake in that company they can eventually build me the robot girlfriend I always wanted. I'll even settle for a servant at this point, a robot to keep me company and grab me a beer.
Also they own healthcare companies, an investment VC arm as well as their R&D company Google X , self driving cars and private outer space efforts. There are a few other companies they own, but a Google here and there doesn't seem too bad especially at their scale. We are talking a huge infrastructure operation as well as software ...
Edits: 08/23/16
That's the key to success.
QE4 next month? Dunno about that. The way I'm reading things the Federal Reserve could possibly RAISE interest rates next month. As a geezer approaching retirement, I'd like that.
I think the fed likes to spread that interest rate rumor around to help curb marketplace "irrational exuberance" while not really having the faintest idea about the truly best course of action.
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"E Burres Stigano?"
Make sure you get real gold. It is called stacking and will cost you the price of a good heavy safe. But paper gold, that is gold certificates, are no good for two reasons. First of all they are no better than the issuing company just like if you speculate on currency it is no better than the issuing country.
What's more, the issuance of this paper gold is one of the things that artificially holds the price down, thus propping up the US dollar. With paper gold you are fighting yourself and it is not a hedge at all.
Steve, I think you summed it up perfectly and completely in one sentence.
I bought Red Hat at $4. It is a lot higher now :) and I still hold it.
I am heavily invested in gold about 25% and 15% in equities.
If it gets bad I have enough firepower and storable food to last me two months, then onto cannabalism.
However if this article is right it is an LSD trip with the savers seeing negative ... Banks are funny like that, if you don't have it on you you don't have it.
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