Still think TITNC3: Return of the Iceberg was peak

About 14 months ago I had a conversation with a city official who said that all capitol improvements for calendar year 2021 are postponed even if approved because at that point there was no sales tax revenue… I can see how govt bonds could be junk.

 

The USAA Gov't Securities Fund looks pretty safe, compared to most.

And there's the USAA Short Term Bond Fund, Ultra Short Term Bond Fund, or the Money Market
Fund.

All conservative in ratings.

 

Grab a beer and a quiet half hour and read this: https://old.reddit.com/r/Superstonk...bigger_short_how_2008_is_repeating_at_a_much/

 

.gov securities are literally in the thick of this mess. At the top end. That's the whole reverse repo problem we're having right now.

Your safest bet would be to take everything out and put it into leveraged funds betting on market crash. I'm not brave enough to do that though even though I believe it's true lol

 

All three letter agencies are bad.

 

Concur.

The ultra-short bond fund looks appealing:

https://vcm.com/content/dam/vcm/usa...eet/USAA Ultra Short-Term Bond Fund DM FS.pdf

 

The permanent stimulus checks that come from this will take care of us

 

That covers the majority of my neighbors, me included.

 

mayyyyybe. I, for one, will never offer any sort of opinion on what someone should do with the bulk of their wealth/retirement. I will gladly speculate on what people should do with their play accounts, but outside of that, you're on your own.

 

4% of $30m of my GME winnings is my stimulus check. I can probably live on $1.2m a year.

 

I know, I'm just blowing off steam from trying to figure it all out earlier today.

I probably need to hire my neighbor, since he does that sort of thing for a living. He's one of the few non-govie types.

 

Wait. So I wasn't supposed to buy GME in my IRA? Fuck. Now you tell me. lol

 

All your accounts are play accounts lol

 

Truth.

 

I'm there with you, it it hits $100k per share.

 

Clutch your GME shares to your chest, and then just laugh when your $600k goes bust and you're holding a couple million next to your shirt.

 

I'd prefer to have both. js

 

Maybe that 600k has exposure to 2 shares worth of GME, and you’ll be just fine

 

Tell you what, if GME hits $100k a share, I'll pay for a year of avgas for your new bell helicopter.