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HoosierFaithful

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Posts posted by HoosierFaithful

  1. 1 hour ago, mrflynn03 said:

    Appreciate the breakdown. I guess my beef is a direct stimulus package should stand alone and not be part of some 6,000 page omnibus bill. 

    I will admit I'm a layman when it comes to this stuff and the line items I saw didn't belong in a covid stimulus package.

    Americans are struggling and $600 doesn't do enough. 

    Total agreement there. It’s a crappy way of budgeting that our leaders have gotten used to and it also definitely isn’t enough. 

    • Like 1
  2. 22 minutes ago, mrflynn03 said:

    I was in a sour mood last night. This $2.3 trillion stimulus package that passed and only $900 billion goes to Americans with a $600 stimulus check. I'm absolutely sick of the rest of the world holding their hand out for OUR money and getting it and we essentially get nothing. 

    This isn't really correct.

    This was a $920b stimulus package paired with a ~$1.4t government funding bill ("omnibus").

    The $920b break down is here.  $600b+ of it is more PPP, more UI, and stimulus.  The rest have pretty clear links to helping those who are hurting (nutrition assistance/etc): https://www.crfb.org/blogs/whats-final-covid-relief-deal-2020

    The government funding bill has a summary here: https://appropriations.house.gov/sites/democrats.appropriations.house.gov/files/Summary of H.R. 133 Appropriations Provisions.pdf

    $671b is in defense funding.  23% of defense spending is direct pay and benefits to soldiers.  You can skim through the expenses that make up the $656b that is non-defense spending, but it certainly has plenty of line items that people find great use in.

    Section K of the second attachment, which encompasses all State Department and USAID funding, is a total of $55b.

     

    • Like 3
  3. I know there has been a lot of discussion of school closures here - I thought this was interesting, showing it is very effective at reducing COVID transmission.

    Also interesting: stay at home orders, on its own, not that important.  What's more important is masks/small gatherings/etc.

     

    • Like 1
  4. 2 hours ago, NotIThatLives said:

    I don't know how quickly it changes.  At 908 yesterday morning it was still 68.  I checked back around 2 and it was around 132.  I don't know if it would have allowed me to buy at 68 since I didn't try.  This is my first go at stocks.  

    Interesting. I don’t know much either, I was mostly postulating. 

  5. Forgive my ignorance but on an IPO, purely mechanically, doesn't the price shoot up... almost immediately?  Wouldn't purchasing at the entry price be almost impossible?

    Said another way: isn't it likely big hedge funds and/or big time investors who get access to those IPO prices ($68 here for AirBNB, particularly) and when regular investors try to get in, it's already up to the peaks?

    Not implying malfeasance or anything either, just that these professional traders probably have algorithms and platforms that we don't.

  6. 3 hours ago, Seeking6 said:

    Won't get into specifics but this past March was the single greatest buying opportunity of a lifetime. More so than financial crisis 08/09, tech bubble burst in March of 2000, black friday in 1987....all are kids play compared to what we just were given. We bought Penn National, Mercadolibre, Beyond Meat, and of course more Apple when the overselling based on fear took place. 

    If there's one positive to Covid....the amount of $ that's been made in the markets over the last 8-9 months.

    I kick myself for not investing the $20-30k I had sitting around in March.

    I did, however, build a beautiful pool.  An investment into seeing my fiance in a swimsuit is still an investment.

    • Like 6
    • Haha 1
  7. 14 minutes ago, mrflynn03 said:

    Bogleheads guide to investing.

    Take what market gives you. 

    Bogleheads book.

    Index funds is where it's at for us simpletons.

    I unfortunately just got fired but I have enough money to live a couple years because of John Bogles advice.  

    This fella has it right.  Pick some individual stocks if you enjoy it and think you've got a good read on the market, but I would encourage the vast majority of any investment into index funds.  

    • Like 4
  8. I'm on the west coast, so we have quite a few different brands, but Ballast Point (CA) does a wonderful few sours (https://ballastpoint.com/beer/sour-wench/#:~:text=Our Sour Wench Blackberry Ale,the world of sour beers.)

    There's a few at the store that I'll grab a six pack of next time I'm there - I remember them by their can, not their brand name vbg - but I typically fall for anything with a berry or fruit-based flavor and then that sweet, sweet kick of the sour.  

  9. 3 hours ago, Lostin76 said:

    I finally found a sour beer that I can stomach and enjoy. This one is an easy drinking sour ale from RAR Brewing that is brewed with tangerines. It really is a perfect summer beer at only 4.5% alcohol. I also dig the retro 1980s BMX bike label design.

    E5E84AE8-25A3-4311-A0A2-F78D03177B76.JPG

    Love sour beers!!

  10. This thread seems like a lot of folks with existing views searching for sources to back up what they already believe.  That's perfectly fine, and I sometimes have a tendency to do it too, but is it the most helpful way to drive a discussion?

    • Like 1
  11. 28 minutes ago, Colonialcrester said:

    Mine is all screwed up. No one answers the phone nor emails.

    Contact your state representative or Congressperson.  Trust me.  Not trying to make a political statement - an elected representative of either party makes this stuff move more quickly.

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