Facebook is going on a tear this morning since it best earnings I guess. Just read that if it closes at wha it is now it would be the largest 1 day gain in stock market history. Good news for the ones that have it.
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NVDA crossed $700 today. Just insane growth.
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I just ran the numbers and after subtracting contributions my IRA is up 46% in 2023. This is a pretty huge leap after an aggregate no change in 2021 and 2022 combined.

My net worth is too volatile to calculate since we just sold my house and bought a new one in November. I wasn't looking forward to having a mortgage again but I like the new house enough that I don't mind.

These are my top ten IRA positions by value in decreasing order:

NVDA
SNPS
GOOGL
TSM
JPM
ASML
V
MSFT
AAPL
AVGO

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Hog Farmer bought it at like $38 and sold it like at $56 thinking he had a windfall.

He hates that more than the Raiders or Broncos
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I bought a bunch at $104 in May 2017. After accounting for splits that's around $26/share today. I've sold about half but I'm still holding on to about 100 shares.

I just did the math and it's at 27x what I paid for it. Fucking ridiculous.
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What really strikes me looking back at historical performance is how fast the growth compounds. It took me nine years to hit six figures in my IRA account. It took less than two years after that to double it.
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CD rates are rising?


I have a CD coming due on Tuesday. I looked at rates a couple of weeks ago and I was certain my next CD would be less than 5%. Short term rates were higher, but longer rates were lower and lower the longer the term.


I checked today to see what I could get. Low and behold ALL terms of CDs are suddenly above 5%, some much higher. This is confusing because everyone was saying CD rates would fall, fall, fall.


I'm not sure why this is happening, but I'm happy about it.
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Some new inflation data came in a bit high. Pushed out rate cut expectations for now
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I get that for the short term, but why are 5 year CDs suddenly above 5%? If the consensus is that inflation will drift to 3% or lower, why are long term CDs paying much higher than that?
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Dunno, yeah, that wouldn't make much sense. Schwab has some from 3.9-4.2% for 5 year. Even that seems surprisingly high to me.
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Let's fucking go, my financial advisor

My first year of having a money manager. Seems like it shouldn't be this easy to sit here and profit
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Also btc and eth is off the chain
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This market feels like it is getting way ahead of itself.
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I've wondered this myself, but I developed a theory. I have no idea if it's right or not.

If you're a bank, you're typically making some long-term loans. If you pay me a 5 percent rate for 5 years, and then you loan that out to some sucker with a 30-year mortgage at 6 percent or a 10-year car loan at 8 percent, then you're making money.

That said, a JP Morgan CD that I had at 5.6 percent just called it in. That really sucks. I knew it was callable but didn't know how likely it was to happen. It was a 5.6 percent CD so I was really happy, but in the fine print they can call it and just give me my money back early, and they did that. It's the first time I've had that happen, so unless it starts happening more frequently with other banks I'll be avoiding JP Morgan CDs going forward.
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I hear that it'll likely have a big jump in one direction or the other. It's become my largest holding by a fair bit, so Wednesday is going to be a suspenseful day.
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