Investment BS Thread - Stocks/Futures/Mutual Funds/Bonds/Commodities/Options/ETFs/401ks/Etc

You can do it thru your broker and yes they will charge you interest. You also have to get approved. You also have to get approved so that might take a day or so. I got approved for 50k but I have never used it due to the interest they will charge.

 

Italy just quarantined 1/4 of its people.
I see markets falling more tomorrow.

 

Thoughts on mortgage rates falling?

 

30 year mortgage vs 15 year mortgage
which is the better of the two or does it all depend

 

Wait a few weeks. The Fed is expected to cut interest rates again at their meeting in 10 days

 

Right now I’m getting 2.875% if I refinance...you think it will go lower?

 

Depends on the rate difference and how stretched you are.
With money as cheap as it is right now, 30 probably makes sense. I would never sign a loan that had a prepayment penalty so I could always pay it off earlier.

 

What do you use to see rates. Bankrate doesn't appear to have nearly as many banks as it did when I refied 3 yrs ago.

 

Maybe, we will see when the Fed meets in 10 days. If they don't cut rates the market is going to be pissed and freefall

 

Oil is going to get slammed tomorrow. Russia walked out of OPEC meeting without agreeing to cut production Thursday . Today Saudi Arabia announced they were going to ramp up production to drive prices down lower. Saudi Arabia said they would still be profitable at $25 a barrel while no one else would be.
So any energy companies that drill for oil were already down will get slammed even harder tomorrow

 

30 year mortgage if rates are low enough. You're locking in the current value of money now for 30 years, to me that's too hard not to pass up.

Plus gives you more money to invest which is almost always going to be better over 30 years to than paying off early, however someone's risk tolerance and how well you sleep at night is huge benefits as well.

 

Or you could resist buying more house than you really need.

Does a family of 5 really need 3500 square feet?

 

No, but i grew up in a house ~3500sq/ft like that on 55 acres, it was new and my dad was the contractor. So he made sure some walls were insulated lol

I will say it's not needed, but space is important for stress and mental health for sure for some people, as in me as a kid not driving my parents insane.

 

Futures down over 4%

 

(Bloomberg) -- OPEC and Russia have started an oil price war that could push crude into the $20s, according to Goldman Sachs Group Inc.

Brent crude may dip as low as $20 a barrel, testing the levels at which some producers can operate, analysts including Damien Courvalin wrote in a report. The move completely changes the outlook for oil and gas markets, the bank said, as it slashed its forecasts for the second and third quarters to $30 a barrel.

“We believe the OPEC and Russia oil price war unequivocally started this weekend,” the analysts said. “The prognosis for the oil market is even more dire than in November 2014, when such a price war last started, as it comes to a head with the significant collapse in oil demand due to the coronavirus.”

OPEC and its allies failed to reach an agreement to prolong output cuts last week, firing the starting gun on a price war that has already roiled prices. Over the weekend Saudi Arabia slashed its official selling prices, while the kingdom also plans to lift output above 10 million barrels a day.

Brent crude plummeted 9.4% on Friday to settle at $45.27 a barrel.

 

I'm betting on a flash crash tomorrow

 

This was a bad decision.

 

2,841 for the S&P is already below the support level we have seen so far.
We have had almost a decade of low to 0% intrest rates and I don't think people realize how much corporate debt there is in the market today. Way more than there was in 2008. If we shut down the USA like China did for 3 months. 20% of companies will go bankrupt. People will lose there jobs and default on car and home loans, which will affect the banks and insurance companies just like 2008.

I'm not saying that is going to happen, I hope it doesn't get that bad but it can. I think your going to see people start pricing in that secenario now

 

The Dow is back to 2017 levels now. Didn’t expect that, probably some more to go too.

 

I've probably lost a majority of the 600 bucks on my oil play. I'm thankful I had low exposure. Wish I had held my inverse positions, but it is what it is. I will probably gobble up some more DGAZ. Natgas could be headed to $1