| Main > Everything Else |
| Stock Market |
| << < (3/15) > >> |
| Vocalitus:
I decided to buy an active 15ft HDMI cable, instead of a RX580 for my 1Up Star Wars. $480 for a $150 graphics card? Its a bit fiddly but it works. If you are working you need to save, or open a savings account and start saving real money. Draw a line in the sand and start putting money away. Once you have 20K in your bank account all the worries of the world seem to stop. Best to wait for the bubbles to burst. No point buying a $350K house for it to end up being worth $80K. The bubbles will burst and there will be echoes of 2008. History likes repeating itself. It only money.....yeah right. |
| RandyT:
--- Quote from: Vocalitus on April 26, 2021, 02:41:50 am ---If you are working you need to save, or open a savings account and start saving real money. Draw a line in the sand and start putting money away. Once you have 20K in your bank account all the worries of the world seem to stop. --- End quote --- Maybe.....but that isn't really the current trend. Every dollar printed from nothing and given to someone else, causes that money you have socked away to lose value. The more which is printed, the less buying power pre-existing dollars have. The less buying power the higher the cost to produce goods. The higher the cost to produce goods, the higher the prices consumers must pay for them. It is estimated that every "free" 1200 dollars in stimulus payments will cost taxpayers over 16000 in the long run. So that 20k you have saved is already gone. You just don't know it yet. I'm certainly no financial advisor, but putting that money someplace that holds it's current value, either by investing in markets or in solid, tangible and valuable commodities, seems like a much better idea. I get the feeling that the longer one waits to do so, the more difficult that will be to do. |
| fallacy:
--- Quote ---If you are working you need to save, or open a savings account and start saving real money. Draw a line in the sand and start putting money away. Once you have 20K in your bank account all the worries of the world seem to stop. --- End quote --- That's just bad advice like RandyT said inflation means your saved money becomes more and more worthless. Money needs to be invested, It is the only way money you earn today can retain its value or even exceed inflation 3,4,5,10 years from today. You need an emergency fund but I would not keep anymore than $15,000 to $20,000 in your checking everything else needs to be invested. --- Quote ---Best to wait for the bubbles to burst. No point buying a $350K house for it to end up being worth $80K. The bubbles will burst and there will be echoes of 2008. History likes repeating itself. --- End quote --- Ya… don't count on that, if I had to take a guess I would say housing prices continue to go up in the next few years at which point there might be some small 5% to 10% drop which still means the prices will still be higher than they are today. 2008 were its own circumstances they were literally giving whatever Adjustable-Rat mortgages to anyone who could not afford so that they could put these loans into mortgage back securities and get paid for those as well. When the rates went up everyone stopped paying their mortgages at the same time causing a crash. I here it is hard today to qualify for a Fixed rate Mortgages and I don't think Adjustable rate Mortgages are even done anymore. |
| nitrogen_widget:
cost of lumber skyrocketed because there is a shortage due to sawmills in canada closing because of the pandemic. cost of video cards is insane because of bit coin miners buying up all the new cards they can get their hands on, followed by scalpers buying up what they can get just to resell at higher prices, add in manufacturers can't get the silicone in large enough amounts for manufacturing. Then you have people with older cards that can still handle current games on low to med settings going..."people are desperate now, time to jack that GTX-960 that was selling for $30-$40 last yr up to $200 or let the idiots bid for it so i don't feel like as big a scumbag". the big problem is the people stupidly paying these prices for these old video cards. so I don't believe lumber and video card prices at least are because of inflation. |
| RandyT:
--- Quote from: nitrogen_widget on April 26, 2021, 10:08:16 am ---so I don't believe lumber and video card prices at least are because of inflation. --- End quote --- The real question as it pertains to these, is will the problem solve itself before inflation kicks in and makes the solution moot? Your guess is as good as mine. And where the video cards are concerned, due to the situation surrounding them, they have become a marketable commodity where prices are determined by supply and demand. If the supply is NATURALLY short, and the demand is high, I wouldn't feel like a scumbag getting back my purchase price on these already ridiculously high priced items. Screw the scalpers. Those are the real scumbags. |
| Navigation |
| Message Index |
| Next page |
| Previous page |