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5 year Market Outlook/Opinions Part Deux

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Old 04-28-2023, 12:18 PM
  #301  
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Went with the apple card and tried to set up the high yield savings account.

Getting a new credit card was simplicity itself. Maybe 5 minutes after I released the credit freeze that's otherwise always on and a shiny new cc was in the Apple wallet. (where it will remain, unused, forever)

The savings account? Bloody hell. Linking a credit union savings account to the vampire squids at Goldman Sachs (they operate this under the hood) has been a nightmare. Never had such a difficult time trying to give a bank money.

About 10 more minutes on the no-help line before I go with the VMFXXX money market, which was probably the better option anyway.

Many thanks to the peanut gallery for comments.
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Old 04-28-2023, 03:25 PM
  #302  
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Originally Posted by DeltaboundRedux
Went with the apple card and tried to set up the high yield savings account.

Getting a new credit card was simplicity itself. Maybe 5 minutes after I released the credit freeze that's otherwise always on and a shiny new cc was in the Apple wallet. (where it will remain, unused, forever)

The savings account? Bloody hell. Linking a credit union savings account to the vampire squids at Goldman Sachs (they operate this under the hood) has been a nightmare. Never had such a difficult time trying to give a bank money.

About 10 more minutes on the no-help line before I go with the VMFXXX money market, which was probably the better option anyway.

Many thanks to the peanut gallery for comments.
Betterment is very user friendly. Savings account currently paying 4.2%.
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Old 04-28-2023, 05:36 PM
  #303  
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VMFXX 7 day yield 4.78%
treasurydirect.gov no fees
13 week t bill about 5.0%
17 week t bill about 4.9%
26 week t bill about 4.8%
non FDIC insured
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Old 06-12-2023, 11:16 AM
  #304  
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Halfway through 2023. Those oil calls haven’t worked out well. Oil looks like it’s going to capitulate actually. Who here thinks oils going to skyrocket any day now?
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Old 06-12-2023, 01:47 PM
  #305  
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Originally Posted by Bottlen0se
Halfway through 2023. Those oil calls haven’t worked out well. Oil looks like it’s going to capitulate actually. Who here thinks oils going to skyrocket any day now?
Maybe temporarily, but I believe there's long-term downward pressure on oil.
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Old 06-12-2023, 02:11 PM
  #306  
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Originally Posted by m3113n1a1
Maybe temporarily, but I believe there's long-term downward pressure on oil.
Blue Horseshoe says that a certain large company wasn’t joking about fusion power that would fit in a trailer. There’s also been power storage breakthroughs in iron pellet matrix batteries.

If they pan out right, you’re going to have to pay to have crude oil hauled away. The only thing oil will be used for is chemical synthesis and asphalt.

An added benefit is once fusion gets going, it makes fresh water production dirt cheap. Toss a pipe in the Pacific and you’ll be filling up Lake Mead in no time.
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Old 06-12-2023, 03:39 PM
  #307  
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Originally Posted by NuGuy
Blue Horseshoe says that a certain large company wasn’t joking about fusion power that would fit in a trailer. There’s also been power storage breakthroughs in iron pellet matrix batteries.

If they pan out right, you’re going to have to pay to have crude oil hauled away. The only thing oil will be used for is chemical synthesis and asphalt.

An added benefit is once fusion gets going, it makes fresh water production dirt cheap. Toss a pipe in the Pacific and you’ll be filling up Lake Mead in no time.
Anybody follow water rights investing? This.is an interesting risk factor. Even with "free" electricity, transmission costs are still significant. Long range transmission has been been a hurdle for wind and solar production far removed from the point of use. Fission close to point of use changes the economics.

Any thoughts on near term Uranium plays as fission comes back online to bridge the green energy gap?
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Old 06-12-2023, 03:53 PM
  #308  
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Originally Posted by NuGuy
Blue Horseshoe says that a certain large company wasn’t joking about fusion power that would fit in a trailer. There’s also been power storage breakthroughs in iron pellet matrix batteries.

If they pan out right, you’re going to have to pay to have crude oil hauled away. The only thing oil will be used for is chemical synthesis and asphalt.

An added benefit is once fusion gets going, it makes fresh water production dirt cheap. Toss a pipe in the Pacific and you’ll be filling up Lake Mead in no time.
I hope you are right, but I'm not holding my breath. Much like the vaunted massive WB bid, Fusion always seems to be 'just around the corner'. I'm sure someone will solve it eventually though.
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Old 06-12-2023, 06:51 PM
  #309  
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Originally Posted by Bottlen0se
Halfway through 2023. Those oil calls haven’t worked out well. Oil looks like it’s going to capitulate actually. Who here thinks oils going to skyrocket any day now?
Oil traders are thinking they can defy the Saudi Prince who overseas OPEC+. The Oil financial Market is completely and utterly disconnected from the physical market and OPEC knows it. Then there is the whole recession is coming sentiment. They'll just let the short traders and speculators do their little rebellion until they find peace with the inevitable. As most of my oil holdings are in dividend paying oil producers, I'll gladly wait it out alongside OPEC.

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Old 06-12-2023, 07:56 PM
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Originally Posted by Trip7
Oil traders are thinking they can defy the Saudi Prince who overseas OPEC+. The Oil financial Market is completely and utterly disconnected from the physical market and OPEC knows it. Then there is the whole recession is coming sentiment. They'll just let the short traders and speculators do their little rebellion until they find peace with the inevitable. As most of my oil holdings are in dividend paying oil producers, I'll gladly wait it out alongside OPEC.

​​
Don't you just love income producing assets? The price of the underlying asset is only relevant on day of purchase and day of sale, meanwhile dividends get paid every quarter like clockwork.
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