Originally Posted by Rain Man:
It seems like we have a lot of violently volatile days over the past couple of years. Pre-2020 a 1 percent change seemed kind of strong. Now it seems like 2 percent changes are not uncommon at all. I kind of wish things would settle down a little. I'm hoping this isn't the new reality.
My hypothesis would be a lot more people day trading, so you get more knee-jerk reactions. [Reply]
Originally Posted by DaFace:
My hypothesis would be a lot more people day trading, so you get more knee-jerk reactions.
That and I think savvy investors with the uncertainty have moved stops up. So some stops get ran and it can make for a big day. Then guys think it's a buy opportunity and boom volatility. [Reply]
Originally Posted by DaFace:
My hypothesis would be a lot more people day trading, so you get more knee-jerk reactions.
Originally Posted by Buehler445:
That and I think savvy investors with the uncertainty have moved stops up. So some stops get ran and it can make for a big day. Then guys think it's a buy opportunity and boom volatility.
I also think we may have more variables in society. The covid stuff caused all sorts of discontinuities, of course, and it was unprecedented in economic impact. Now we add inflation, which probably hasn't been seen by 90 percent of traders, and people are lurching around trying to figure stuff out (just like I am). [Reply]
Originally Posted by neech:
Lumber price going up again.
I laid over two rather large white oaks with pretty impressive saw logs in them yesterday. They're going to crush my dreams when they inform me wholesale still hasn't got up. [Reply]
Originally Posted by DaFace:
Referral links for investments huh? Seems legit.
It's pretty popular with a lot of the new robo-investors and other online only investment options. They want to build AUM. In this case, the more money they get from new referrals, the more buildings they can create across a more diverse geographical area and they'll end up a safer more stable business. You're sort of getting a discount for helping bring in money based on the risk of being an early investor.
It seems neat. The FAQ on the website under How it Works is only 5 questions. One of which is that you need to be an accredited investor so it's probably up to you to get the details of how it really works. [Reply]
Originally Posted by ChiliConCarnage:
It's pretty popular with a lot of the new robo-investors and other online only investment options. They want to build AUM. In this case, the more money they get from new referrals, the more buildings they can create across a more diverse geographical area and they'll end up a safer more stable business. You're sort of getting a discount for helping bring in money based on the risk of being an early investor.
It seems neat. The FAQ on the website under How it Works is only 5 questions. One of which is that you need to be an accredited investor so it's probably up to you to get the details of how it really works.
They put you in the main fund to begin with- which has 40 plus diverse funds. As your balance increases- more investment options are available. [Reply]