They once again recalculated. The answer to life, the universe, and everything is the dwindling size of the Boomer population.
Some of us did NOT have enough kids. This put SS on notice.
SS is funded as a pay as you go fund transfer.
If not enough taxpayers exist, then they cannot pay for the retirees.
As you can see from the chart, Rep will have to think up another reason to try to kill SS in just ten years
IN TEN YEARS, there will be enough taxpayers to pay my SS.
IN between as Buffet notes, we get to fight over who gets pie, and how much.
SS does not give the same answer. They know more than me. Apparently EVEN though the boomers are dying they are not dying fast enough to maintain the current SS Payments past 2034.
PUT all of it in SPY until you have six weeks of savings, and no debt. ,ONLY When you are saving more than $400 a month DO you now have Mad Money.
Debt is a car payment, so hold off on that, until your income is high enough, to do both at once.
So you are covering all these expenses now.
That could be 25, 30 whenever, you now have all the time in the world, you have about 70k in the SPY at age 30 just by putting in less than a car payment every month since you graduated college.
Use Robinhood because the amount put in is SMALL. Not because you plan to trade a lot.
When you get $1000 mad money, pick a stock, rinse and repeat.
Only do that if you are saving more than $400 a month.
Then put the money in until you have five positions. Then add to each position over time.
This is mad money so it is fine to have just five.
Sell if you made a mistake and let your winners run.
Mostly you are adding, more each year now that you are in your thirties.
Just do that.
I do not care about shortages, or oversupplies, I care about time in the market.
80% of pros cannot beat the SPY. You are in good company, you are matching the SPY.
MOST people cannot do that.
Just buy the SPY, EVERY MONTH.
After five years, if your mad money cannot beat the SPY,
PUT all of the mad money in SPY, AND sit back and relax.
In your late 30s or 40s you could be saving four figures and then higher four figures.
You only need to do the no debt, six weeks cash, $400 to SPY a month plan. Even if your income never breaks 50k, you will retire early.
If you have to worry about ebs and flows do not buy at all
With IMGN the 252 heavy hitters control the price. You can be sure every one of them will have smallish orders for Imgn on the occasion of a positive report in October.
There are plenty who bought at three ( more retail)
A three bagger is a fine result.
The extraordinary institutional %, along with the mature and proven in some areas technology held by imgn means the instutions will tend to add on the dip, cushioning a negative result.
Obviously folks are taking the three bagger and saying thanks, as the pps remains in this range.
TESLARATI.com Simon Alvarez in Investor's CornerModel 3News 5 hours ago Tesla will likely meet Model 3 production guidance for Q3, says TSLA skeptic
Amidst Tesla’s delivery blitz, Goldman Sachs analyst David Tamberrino, a known skeptic of the electric car maker, issued a somewhat positive estimate about the company’s delivery figures this third quarter. While Tamberrino maintained his Sell rating on Tesla, and while he kept a conservative $210 price target for TSLA stock (NASDAQ:TSLA), he stated in a recent note that the electric car maker would likely deliver 27,500 Model S and X and about 52,000 Model 3 in Q3 2018. The analyst further noted that Tesla’s deliveries would likely exceed his estimates, considering that the company had more than 11,000 vehicles en route to customers at the end of Q2.
Production-wise, the Goldman Sachs analyst stated that he expects Tesla to meet its Model 3 production target. Tamberrino did note, though, that Model 3 production figures will likely be on the lower end of Tesla’s 50,000-55,000 range. Tamberrino also stated that while the Model S and X delivery cadence is below the numbers implied by the company’s guidance of 100,000 units per year, Model S and X figures this Q3 will likely be better than FactSet and consensus estimates.