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Friday Fun Thread for October 7, 2022

Be advised; this thread is not for serious in depth discussion of weighty topics (we have a link for that), this thread is not for anything Culture War related. This thread is for Fun. You got jokes? Share 'em. You got silly questions? Ask 'em.

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How are everyone’s stocks doing? Market was obviously overvalued, but I thought the fed would be even more anemic than it has been, so inflation would devalue it, not straight-up losses. I tried to crash-proof my portfolio with gold miners, but they’re the worst of a bad bunch. You’d think with the inflation and gold’s historical reputation, it wouldn’t move 1-to-1 with the stock market (or the printer, same thing). But it’s not a loss until you sell, so in for a penny, in for a doubloon.

Fortunately, the oil stocks I bought during covid have been keeping my head above water. Now I’m just waiting for spy to go lower to I can lever it to hell, either through leaps or 3x etfs .

And thanks to the guy on here who recommended tobacco based on historical overperformance, that’s been good. I’ll crash-proof it to the (black) gills with cancer next time (it’s okay, I used to smoke).

I've taken a beating, down 20-25% or so I'd say, mainly due to being seriously overweight in the tech sector (company stock), compounded by generally being tech bullish. I have some diversification, including some energy funds, so that's helped a bit, but not a lot. Still I'd gone up a lot over the last N years, so I can't really complain.

I have bought in a bit more occasionally on the way down, and considering doing more, but it will be slowly and carefully, no 3x ETFs you madman! For various tax reasons, it generally makes much more sense for me to buy single stocks now, which sucks (broad ETFs is the way to go!) so I'm looking at things like INTC, GOOG, APPL, MSFT, AMD, MRNA, BTI, BRK.B (those last two as counterweights to the tech heaviness).