AMAZON - Should we be concerned?

[The Driver]

I'm still loading up on silver and gold.

Not my recommendation. Could work for you but gotta be quick to get in and out of that market at the right time. Which is definitely not easy.

 

[MyTripisCut]

Not my recommendation. Could work for you but gotta be quick to get in and out of that market at the right time. Which is definitely not easy.

Dude, it's just like banging my sister.....

 

[Brownslave688]

just? it's been over for like 8 years dude <__>

For starters even 8 years is not LONG overdue.


Second We've been recovering from
That recession for years. Hopefully we've finally turned a corner these last couple of years. But many believe the only thing that pulled us out was QE and as we wind that down who knows what might happen.

 

[Brownslave688]

I never said they're the same thing. A correction happens on average about once every year. Bear markets every 3.5 years on average.

I know that was more for TIR.

 

[TearsInRain]

pretty sure that all those cash 4 gold companies are what saved this country

how can you argue with shiny

 

[Wally]

LONG overdue? Did you sleep thru the one we just crawled out of?

You know that had nothing to do with Obama. He was only in power 8 years.

 

[MAKAVELI]

Zuckerburg is another big liberal fake, paying as little as possible to his employees.

So he's a REAL REPUBLICAN.

 

[Wally]

So he's a REAL REPUBLICAN.

Country Club type, yes.

 

[Non sequitur]

So he's a REAL REPUBLICAN.

Same as real Democrat. Useful idiots do all the hard lifting while they're at the country club.

 

[Big Package]

Not my recommendation. Could work for you but gotta be quick to get in and out of that market at the right time. Which is definitely not easy.

I've been doing quite well with it (approx 100k since 2011). Same with selling coins for numismatic (collector) value and moving it into metals. I'll be good, but definitely don't recommend for someone wet behind the ears on it.

 

[FrigidFTSup]

People may not believe this, but it's true. Through the first half of this year, Bezos has made over $20,000,000.00 PER HOUR based on 9 hour days (he actually doesn't work excessively like other similar people). That's over $23B this year. One other person has made ever more than that, Mark Zuckerberg.

Why would these guys pay their workers well if they only personally make $20 million/hr?

He hasn't made anything. That's all numbers on paper.

 

[FrigidFTSup]

Yes, but it's not income per se. These men own a large share of their companies, those shares have increased substantially this year. Hence over $23,000,000,000.00+ made in 6 months. Amazon is hovering around $1,000 a share!

Share price in that context is meaningless.

 

[Brownslave688]

Share price in that context is meaningless.

People are finally learning context for stock price. It's why you don't see splits near as often.

 

[FrigidFTSup]

People are finally learning context for stock price. It's why you don't see splits near as often.

Splits are good for retail investors, not so much for institutional

 

[burrheadd]

If libs like Bezos, Zuckerberg, and Buffett did what they preach and each took $50B from each of their 3 fortunes, they could give the bottom 30,000,000 people in the US $5,000 each and give them a boost in their lives.

So, everybody would get another big screen a giant sized iPhone and some 22" spinners

 

[burrheadd]

Dude, it's just like banging my sister.....

She tried that quickly bs on me

Uh- Uh Sista that ain't how it works

 

[FrigidFTSup]

So, everybody would get another big screen a giant sized iPhone and some 22" spinners

 

[burrheadd]

Exactly

 

[JL 0513]

He hasn't made anything. That's all numbers on paper.

True in a sense that it's not money in the bank, but it is still official net worth. It's in stock. He could sell the stock.

These billionaires are all heavily weighted by stock value. And it ebb and flows with the wind. In one instance last year, Bezos "made" $6 billion in 20 minutes during a spike in trading.

 

[JL 0513]

So, everybody would get another big screen a giant sized iPhone and some 22" spinners

It's true, in my example, giving a large portion of these poor people $5,000 would immediately be squandered. That's just the reality with these people. Most wouldn't use it as a launching pad to better their lives (perhaps create some sort of internet start up/small business). Or go get a CDL and change your life.

Regardless, my "suggestion" wasn't serious. I would never expect billionaires to cut checks to millions of poor people, because they know that most of it would just be wasted. I also don't have a "spread the wealth" mentality.