I think people are listening to Buffett when he says if you don't know what you are doing, just got some index funds....
Every time I think about stocks, it's actually this song that comes to mind...
https://youtu.be/xKCek6_dB0M
Edit: Reading about Canadian real-estate is hilarious.
I started a new python project the other night ... stock market timing algorithms. I've been kicking around the idea in my head for a few years but found another site where a couple engineers came up with some models that work well on past market data and charge a ton of money for access to them. I figure, I TOO am an engineer who works with complicated data all day ... should be able to come up with a testing framework, a few models, optimize model parameters using past data, backtesting and hopefully hypothetically avoiding past market drops and recessions ... then applying to the current market over time and hope the models are robust enough that they work on out of testing set data points.
Learning python is a nice bonus since I can't get free matlab anymore except on my work laptop and I hate my work laptop.
Good luck. I have thought of doing this myself, but so much of it seems to be greed and fear, things that are hard to measure.
Remember when the market just keeps going up its easy to test your algo and think its doing it right. And back-testing data only tests the past, not the future.
One thing I always ask myself, if the algos of these engineers were so great why would they sell access and not just keep them to themselves making tons of money for themselves.
OK, tell me why I shouldn't buy shitloads of FNMA?
The feds are done with it, right?--so that means de-reg, HIGH DONALD INTEREST RATES, poor people and middle class lose their homes--again, and so shares skyrocket, right?
right?
I started a new python project the other night ... stock market timing algorithms.
If you're interested, sounds like a fun thing to try... but remember that there are many investment firms out there with multiple PhD holders poached from the best universities who have done the same thing -- sounds like algo-trading. And their servers are parked beside the stock exchange's servers.
I guess we'll see what happens next month with the Fed. If retail investors really are a big part of this market rally I would expect the news of any rate increase to spark a sell off. For the pros, that info is already baked in and stocks would probably rally on the news but for the average investor who thinks he understand the markets, they might take that as a signal to sell.
How high do you think the rates would have to get for companies to stop mortgaging the farm to buyback stock?
It looks like FNMA is going to stay government owned for sometime. Its down 25% today!
just picked up some whole foods shares. it's at a historic low, a sound business and quality play. in its space it is top dog. i just look at the clientele: a lot of athletes, gay guys, milfs in yoga pants. this ain't vons!
It's the Apple of groceries: pretty good quality, but 500% markup on crap you don't need but think you do.
a lot of stuff is overpriced, just gotta know how to shop. and then there are those who don't care