Financial - Retirement - Stock Advice Thread

Nomar06 said:
Is there cliff notes for your post?
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he's betting against basically all the big tech/ai companies saying it's an enormous bubble, and that the big companies are cooking their books to look more profitable by depreciating assets over longer periods to make their profits look better than they are.
 
webby said:
the Big Short Michael Burry - :think::think::think::think::think::think:

recent 13f filing shows he's basically got a 1 billion dollar put on palantir and roughly 200 million put on nvida.

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I wish I had that kind of money invested . . . could live quite comfortably just on the earnings.
 
webby said:
Well he’s a hedge fund manager, so that’s money from his clients he’s investing.
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Fair enough....but, he's getting a percentage of that; and, with that kind of portfolio, it's likely decent.
 
I’ve got some of those assets. Mainly, META, MSFT, AMZN. Only $90k fully exposed to them. I bought in at $20k at the 2020 dip. I’ve stayed away from some others like NVDA to the dismay of my FA.
 
My 457B DEFERRED COMPENSATION PLAN and Roth IRA via my employer are doing well.

My wife and I have a financial advisor that my dad has used since 1987 managing our large funds. I need to log into the account and see. He has been doing well for us in the short time we've had him. We should have did that a long time ago though.
 
webby said:
he's betting against basically all the big tech/ai companies saying it's an enormous bubble, and that the big companies are cooking their books to look more profitable by depreciating assets over longer periods to make their profits look better than they are.
Click to expand...

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