GAME05

I read somewhere that for every PS5 they're selling, they're only selling 0.3 PS5 games. Looks like lots of people are buying 20 consoles at a time and then trying to re-sell them for $1000.

I am, but they're still going for $275 at Gamestop, and that's pretty ridiculous when a Digital PS5 is $400. But maybe once Playstation stops doing this artificial scarcity with the new system, used PS4 prices will finally drop. I'm in no big hurry. "For Jackbox games, you can also get a Steam account (they are free). It runs on a PC and maybe other platforms (I use a PC)." Yeah that's been a consideration. Of course only after I'd paid for the streaming stick tv version. Once PS4 prices drop down to normal levels it'll be worth the slight additional cost because in front of a video game system is a more comfortable environment for everyone than in front of the computer.

Want to get a PS4 for my brother. The parents live nearby him. That way we can all play Jackbox Party Pack together. It would be a fun family kinda thing. But it looks like with PS4 backstocks low the price on them is too high to be worth buying. I may end up getting a PS5 just so I can send my brother my current PS4, at least when stocks of the PS5 become available. I don't really want a PS5, though.

Oof. I'm down 11% yesterday and -13% so far today. BNGO got downgraded and that cost me. And then Elon Musk opens his big mouth and says crypto is high-priced.

Through my job I've known a few couples who managed to RV long-term, but it's very few. And a good-sized RV can be really expensive, too. And if you're thinking of camp-hosting in National Parks, get on that waiting list about 10 years in advance. I was told by a long-term RV couple that the key is to get a hobby or other regular activity and leave for good periods of the day.

My father told me he's getting four calls per day to sell his house in Scottsdale and it's not even on the market. But they don't have any real need for the money, so they won't be selling it despite being able to get a stupid price for it. But it'll be on the market five minutes after they die or else go toward nursing home costs.

Whoever you're using for your current retirement savings will be able to roll your old one into your new one. That way your money never actually leaves the IRA and you don't pay that withdrawal penalty on it. Your current company's website should have a link that says something like "Roll over an existing plan" or otherwise you can call them with your old company and account number in hand and they'll do it for you. It won't take long to do.

In between a week of rain and an upcoming week of rain, it was short-sleeve weather here in the Carolinas at least just for today. Not sure how I needed 10 hours of sleep each of my two days off, but apparently I did. Sure felt nice, though.

Jaws ruined cinema.

I definitely agree on the cyclical nature of it. Plus the alternatives don't make near as much sense. Suddenly staying on some high plateau ignores its price history, and I think it's also safe to say it has some sort of value even if it is difficult to wrap your head around. One guy I watch is Dante Aches Crypto (one word), who talks a lot about the cycle and is always reminding people not to hold forever and see their earnings disappear in the dip. Plus I just put more trust in that perspective more than any "to the moon" or "it's rat poison" predictions. I just haven't been able to wrap my head around whether this cycle is predicated on timing (whatever Etherium 2.0 is I have no clue) or more a matter of dipping after it hits some price-point. Either way, Bruce, I think your idea of a slow withdrawal is the smartest one and I'll plan on doing the same. I'm thinking around late summer is when I'll start to pull back. At least that's the timeline people seem to be talking about.

Those aren't more Sesame Street videos, are they:)

For some reason which I couldn't really wrap my head around, crypto seems to work in four-year cycles of climbing and falling. Assuming it happens again, Q2/Q3 will be right around peak time and where I'll be looking to jump out until everyone starts talking about how crypto is dead, at which point I'll jump back in. Though it's funny I've heard someone in the same interview first say "Oh Bitcoin price will stabilize because big investors are jumping in" and then two seconds later say "Buy now because the big investors aren't in it yet". Ellio Trades is a popular youtube channel where he over-hypes something new every day. But his recommendations also do see a bit of a bump from all his followers jumping on board. But the places to buy the weird/obscure ones are complicated and I've heard some warnings as far as leaving your money sitting there making it open to hacking/theft. So right now the process is too complicated for me. Plus I don't know if I trust having any real amount of money on some usb stick.

You could always put a sell stop order in. For example if you bought stock A at $50 and then it runs up to $75 a share you could put a sell stop order in at $75 and if the stock keeps on going up it won't trigger but once it gets within a few fractions of $75 it will trigger that sale thus locking in your $25 per share gain. Kinda slapped my forehead in reading that:) Thank you for that advice. Yeah, no reason I couldn't set up a trailing stop order with anything.

Melvin Capital is on the hook $1 billion for every $7 increase in GME.

I had some throwaway money so gambled on an OTC penny stock. 0.04 to 0.09 that day and then I jumped out. So now obviously I've convinced myself that they're always a winning bet /s. Of course it's at 0.4 now. I don't have fear of missing out so much as I often have regrets about getting out and then seeing it go up.

I'm looking forward to Starlink, too. My boss can't get internet at all and I have a max 3mb speed on a shoddy line. They're saying it'll be 15-50mb speed and starting to roll out in North America around the end of this year. More expensive for the box and the service but not prohibitively so.

I bet that pizza thinks it's WAY better than the other pizzas, too. But the recipe is unwritten... There's just a certain way pizza is supposed to be made. Anything else would be disrespectful to pizza. If my son is hungry, what am I supposed to tell him?

I'm way too jumpy and got out at $600. Maybe a good lesson to wait until things level off. I think it's valued at something like the second-biggest company in the US right now. Saw an internet post recently of a young kid who had $65 to his name and wanted to get into investing, so of course he bought Tesla. But it makes me wonder when there's eventually a hiccup, if all the fractional shares left at once, what sort of difference might that make. The EV explosion does make me think about becoming a nickel miner, though. Thinking about Vale right now. Debt, but they've spent a lot of it on environmental stuff, which is obviously more inviting to Tesla than that one big nickel company in Russia which turned a river red. There's one EV company in China that's getting huge, but I kinda also don't want anything to do with China.

Yeah my father had told me to buy FCEL when it was at $3. But I did what all sons do when fathers give advice. So you think solar wont pick up? I already have Energy Transfer, so Im not looking to do more oil/gas. I picked up Intel on its dip a bit ago, but I have no real long-term hope for it and wouldnt mind moving it to something else.

Would sure love to make a play on solar. One would figure Biden will eventually be throwing a lot of money at it along with Congress making sure subsidies are in every forthcoming stimulus bill like the last one. And hadn't Trump raised tariffs on Chinese solar? One would guess Biden will also repeal those and China makes more PV cells than anyone. I see that Jinko Solar is on the exchange, though I haven't really run its numbers yet. Any other recommendations folks here might have?

Come on now, I think you know full well that will never be the case.

Optimistic articles on bitcoin say that once bigger firms start to accept it as an investment its price will start to stabilize so much more than now. The ones buying now like the idea that they can get in before the big guys do and make a lot of money from it. There's a few select applications where you can pay in bitcoin, but of course with it being on fire lately nobody is going to. But even then the value of the dollar isn't going to turn into Zimbabwe in my lifetime, and so I have a hard time believing I'll be paying for gas with it anytime soon. A lot more firms are starting to get into it now. And I wonder how many firms have hated it so far specifically because Warren Buffet has been very vocal that he'll never buy it.

Well, the stimulus part wasn't borrowed but just printed. The Fed recently changed their "aim for 2% inflation per year" to "aim for an average of 2%," which gives them a good bit more liberty to keep the printers humming if so desired. I don't see any cause to believe Democrats or Republicans will halt any of it. Too many votes out there to buy. Along with national debt there's also massive corporate debt. Probably also a good number of businesses which got blown up in March but will manage to hang on for a year+ before calling it quits. I see it as a matter of when, but that's still the hardest part. Not like I want to hold onto cash for two years or longer before anything finally happens. Buffett bought some interest in a gold mining company when before he's always hated gold. Granted, a company is a little different yet still kinda the same since their value directly relates to gold price. I also hear some folks recommending agriculture ETFs since poor and rich alike still have to eat. I also wonder about bargain places like Dollar General/Family Dollar, but I don't know much about them yet. I just put a buy in for Ethereum, largely because my bitcoin friend steered me the right way last time and he studies crypto pretty hard. But yeah, I keep trying to think of how a person is actually supposed to value that stuff and there's just no way. Total guessing game apart from its value seeming to be tied to the inverse strength of the dollar.

I don't recall exactly what my folks charge for rent, but it definitely isn't some bargain. They bought it about three months before the market crashed and immediately lost 40%, but it's probably a $400,000 home at this point. You can walk to the Cardinals and Coyotes arenas, and the development they've done in that area has really helped. Maybe I'm wrong, but I tend to only think that being a landlord is good if you're able to offer any sort of value to that investment, like being able to do repairs yourself instead of hiring it out, or really knowing the real estate market in the area to pick out underpriced homes and know areas that are growing.

I sold my bitcoin a couple days ago. The phrase "record high" frightens me in general. The entire history of it is big gains and big falls, not steady growth.