OT: Berkshire Hathaway sitting on $167.6 billion in cash
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Disclaimer - Berkshire by default has to keep huge cash reserves for the insurance business. They have to have a certain % of liquidity relative to policies written and insured amounts. But they’ve had an excessive amount of cash on top of that since the pre-COVID times just due to overvaluation of stock market in the traditional sense for the past 5+ years running. Nothing new for them.
Presidential election years also tend to produce more market pullbacks than usual, so its generally good practice for anyone looking to liquidate to do so before the primaries are finished.
Presidential election years also tend to produce more market pullbacks than usual, so its generally good practice for anyone looking to liquidate to do so before the primaries are finished.
I hope you haven't been holding on to cash for very long - the S&P is up 16% last 6 months, 30% last year. Hell even YTD is almost 9%.
I, for one, have missed out on some gains. Been about 50-60% bonds since they topped 4.5%. The Fed dragging its feet on cutting rates has cost me a bit.
Election year and with politics being as dirty as ever, and with most elites and media aligned with the current party in power, I just don't see the market taking a major dip this year. I'm staying in. I may jump on the sidelines for short periods, but I'm staying in my index funds for the most part.
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I should clarify that most of my stuff is in the market. I cashed out a fund that I wasn't happy with in October, and had the strategy of putting in some every month until it was all back there. Obviously I should have put it all back in immediately, but hindsight and all that. Now I just wonder if I should go all-in, or stick to my original.
I'm shifting some of my house money into quantum computing. IONQ for high risk, QTUM for a mid level etf and Honeywell for a safer play. QTUM has been feeding off all the AI hype even though it's a quantum play.
Only a handful of zeros separate my cash position and Berkshire’s
Berkshire and I have an average $83.8001 billion in cash on hand.**
People will never learn it seems. You can’t see the dips coming. You also don’t see the surges, because they come along slow and no one talks about them. Let the shlt ride guys. If it tanks it won’t matter anyway.
Same with the housing market. It ain’t coming down. If it dips, it’s going back up eventually. You better get on the train.
Tellme you have never been involved with corporate stock awards or insider trading rules without saying you have never been involved with corporate stock awards or insider trading rules.***
Seriously, go look up what a 10b5-1 plan is.... Those guys all have inside info. They can't sell stock whenever they want. It's predetermined months or up to years in advance by a 3rd party. Lower level insiders are subject to blackout periods and get to sell a few weeks after earnings every quarter and are usually not able to at any other time.
You wanna get my nuts in a vise, tell me the Pelosi and McConnell are selling out and raising significant cash. No rules on those cöcksucking cünts in Congress.
For the most part i agree, but going into 2022, Stevie Wonder could see that dip coming. Knowing when to get out isn't nearly as hard as knowing when to get back in.
The Fed would rather cause recession than see inflation tick back up. Plus, most members are Republicans who want a worse economy heading into the election. Don't see them cutting rates with what we're seeing now (booming economy and 3% inflation).
he’s long btc. with retirement funds fueling btc pre halving then more devalued USD plus oil nation money buying later this year the damn thing may hit 300k+
