patrick.net

gabbar says

idea though is to buy at discount, not all at once in case false bottom

I buy 50%, then followed by two 25% purchases. Not sure if this the right plan. I am a dumbo, I had bought Netflix many years back when it was $7 and then sold it for a quick profit. I didn't know any better and I didnt have anyone to guide me.

Wanted to share this comment from Gary Friedman, Chairman and Chief Executive Officer of Restoration Hardware. He has a reputation for being truthful and sincere. He expects the next several quarters to be "a short term challenge".

"The deteriorating macro-economic environment has resulted in lower than expected demand since our prior forecast (a few weeks back), and we are updating our outlook, particularly for the second half of the year".

gabbar says

Netflix many years back when it was $7

You may get that opportunity again ..

SunnyvaleCA says

sitting on a bunch of cash earning 0.01%

Ally Bank is paying 1%

Booger says

Ally Bank is paying 1%

I do have ALLY on the watchlist. Its a Buffett stock. Hoping to catch it at a lower price point in August.

Booger says

You may get that opportunity again ..

I will buy with a bucket if it does but its not likely.

I have no fucking idea what the stock market is going to do. Just buy dividend aristocrats and you should be able to retire in Caligulan splendor at some point without having to touch the principal. Just make sure that you have a good will to make sure that your estate goes to someone in Poland to make sure that white people get your money when you croke.

American Express Savings Account pays currently 1% APY
https://www.americanexpress.com/en-us/banking/online-savings/high-yield-savings/

You can get more than 5% now on certain US bonds, like TIPS.

https://finance.yahoo.com/news/morning-brief-tech-stocks-first-half-2022-100037356.html

"Facing one of the worst downturns we’ve seen in recent history" - Mark Zuckerberg, July 1, 22