WOW...

[Xenophylia]

I want the economy to crash, and crash hard.

Just curious- why? I'm sort of indifferent to it. I figure I'll never get to retire (I would be one of those who died a day after retiring anyway) so the stock market bullsh*t doesn't bother me. Granted you get to see people who have made consistently stupid decisions and/or are financially irresponsible struggle. Is that satisfying? As usual I'm kind of numb to it. But then I'm numb to most things these days...

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[Xenophylia]

Find Healthcare & Nursing Jobs | Vivian Health

www.nursefly.com

We ain't seeing this type of pay anytime soon.

I'm calling pharmacy is a scam. Calling the forum poster too. They get just about the same amount of pay, less student loan, less schooling.

Anyone else look back (fondly) at the time when companies actually WANTED pharmacists? The new grads will never know it....

 

[mentos]

Just curious- why? I'm sort of indifferent to it. I figure I'll never get to retire (I would be one of those who died a day after retiring anyway) so the stock market bullsh*t doesn't bother me. Granted you get to see people who have made consistently stupid decisions and/or are financially irresponsible struggle. Is that satisfying? As usual I'm kind of numb to it. But then I'm numb to most things these days...

Probably wants the opportunity to buy real estate, stocks, cars, travel etc for cheap. If you have a lot saved up, you'll be able to increase your wealth significantly just like people did after the 2008 recession.

 

[Xenophylia]

But the stock market is always a crap shoot. Just waiting for the next "crisis" to eliminate the gains. Hard to get excited about that...

 

[BMBiology]

Probably wants the opportunity to buy real estate, stocks, cars, travel etc for cheap. If you have a lot saved up, you'll be able to increase your wealth significantly just like people did after the 2008 recession.

Here is the thing people don't realize...banks are going to be tight with their money during an economic downturn. Only the most qualified borrowers get a mortgage.

The vast majority of Americans just live paycheck by paycheck....no saving whatsoever. I don't know anyone who saved a lot of money before 2008 and were able to strike gold when the recession hit. I didn't have any asset before the recession so I didn't lose anything. However, there are people like myself who graduated during the recession and invested most of our paycheck during those years.

 

[mentos]

But the stock market is always a crap shoot. Just waiting for the next "crisis" to eliminate the gains. Hard to get excited about that...

The bull run lasted over a decade since the recession. There was plenty of time to cash out and enjoy your profit.

 

[Xenophylia]

But most people (save the insiders like those in congress) didn't really expect the current sh*tshow. They're the ones that cashed out and made the money. Everyone else got screwed. Unless you've got an inside track it seems difficult to ultimately make money in this...

 

[owlegrad]

But most people (save the insiders like those in congress) didn't really expect the current sh*tshow. They're the ones that cashed out and made the money. Everyone else got screwed. Unless you've got an inside track it seems difficult to ultimately make money in this...

You don’t need to be an insider, you just need to follow the charts.

 

[Seriously Serious]

lol that's their problem, i'm def. not doing those "i can't stay home i'm a healthcare worker!" facebook profile photo frames!

"I stay at work for you, you stay at home for me #healthcareworker"... all the while I am thinking of how they are a glorified cashier, minus the glory

 

[mentos]

But most people (save the insiders like those in congress) didn't really expect the current sh*tshow. They're the ones that cashed out and made the money. Everyone else got screwed. Unless you've got an inside track it seems difficult to ultimately make money in this...

Don't invest then? Don't know what kind of answer you're looking for.

If you were invested the entire time then you're still ahead. The stock market doesn't go up forever but in the long run you always come out ahead vs stuffing cash in your mattress.

 

[PharmDizzle]

They have inflated pay for temporary relocation work for an airborne, potentially fatal, disease. I'm not surprised nor am I upset. Pharmacists have about as much risk as a grocery store cashier.

Speak for yourself. I work in the ER and am at bedside for all medical emergencies. So probably a little more risk. Especially considering I’m literally at home with COVID-19 right now.

 

[sfachine]

Not enough, that's the same pay as any pharmacists get paid without benefits...

Do you want 2% death lotto?

What would it take?

 

[Seriously Serious]

Speak for yourself. I work in the ER and am at bedside for all medical emergencies. So probably a little more risk. Especially considering I’m literally at home with COVID-19 right now.

I was generally speaking, and did not mean to include the ER pharmacists who are <1% of the profession. Hope you make a full recovery!

 

[Xenophylia]

Don't invest then? Don't know what kind of answer you're looking for.

If you were invested the entire time then you're still ahead. The stock market doesn't go up forever but in the long run you always come out ahead vs stuffing cash in your mattress.

Not looking for an "answer". Just a statement of reality. My take on it is that It's like a hamster running on a wheel. You feel the need to do it, but seem to just wind up where you started. If your experience is different good for you...

 

[Xenophylia]

You don’t need to be an insider, you just need to follow the charts.

You had a chart that predicted this corona virus clusterf#ck? I want in....

 

[owlegrad]

You had a chart that predicted this corona virus clusterf#ck? I want in....

Duuuude it wasn’t corona it was the chart.

 

[Sparda29]

Probably wants the opportunity to buy real estate, stocks, cars, travel etc for cheap. If you have a lot saved up, you'll be able to increase your wealth significantly just like people did after the 2008 recession.

It's harder to get into the game when costs are high. I'll compare it to poker. When I get to the casino, I avoid the tables that already have people with large stacks (they have the ability to play weak hands and try to get lucky, or call my bluffs, they can wipe me out in one hand), I'd rather for for newly formed tables where everyone is starting with $300 (where I can bluff in some spots and start chipping away).

Plus, my and my wife have been saving, she has good credit.

What I'm trying to figure out is, how exactly does betting against the market work?

 

[confettiflyer]

Not looking for an "answer". Just a statement of reality. My take on it is that It's like a hamster running on a wheel. You feel the need to do it, but seem to just wind up where you started. If your experience is different good for you...

You only wind up where you started if you do horrendously dumb things.


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[Xenophylia]

I go through an investment company. To do it myself would be a full time job, and (unfortunately) I already have one of those. I realize to really make money you often have to take chances, which most investment brokers really don't do.

 

[confettiflyer]

I go through an investment company. To do it myself would be a full time job, and (unfortunately) I already have one of those. I realize to really make money you often have to take chances, which most investment brokers really don't do.

1) spent maybe a solid week teaching myself stuff (spread out over a bunch of months) via books and blogs

2) spent maybe a couple of hours divvying things up how I wanted it

3) spend about an hour a quarter checking and readjusting, if that.

Not to you in particular, but this is why it drives me batty hearing someone (usually a Dave Ramsey follower) rail on and on about saving $5 lattes but aren’t even batting an eyelash spending $50,000 in fees to an investment house/broker/etc...

Don’t ask $5 questions, ask $50,000 questions.

Especially since there are robo services where you can key in a risk of 1-10 and they’ll do it for you with a lot less emotion and fewer $$.

It’s 2020, the only reason a traditional investment broker should exist is to invest the money of people who do not have the wherewithal or mental bandwidth to do steps #1-3 above.


*i spend a lot of time reading financial blogs, Economist, and the WSJ for fun, I don’t count that time for investment account purposes

**complex investment strategies usually require professional advice, especially high net worth peeps seeking capital preservation and tax avoidance. that’s like top 1% status.


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[Xenophylia]

It just has never really interested me in a way that made me feel like I wanted to learn it. Yes they charge fees, but nothing like $50,000. I'd always been told it's safer to let a professional do it. Granted the "safer" might be part of the problem. It's also useful to have someone that can make projections to plan for retirement. Granted, all of those projections are out the window now unless the market performs miracles in the next few years. But I certainly don't disagree that it's better to do it all yourself if you have the knowledge and/ or motivation.

 

[mentos]

It's harder to get into the game when costs are high. I'll compare it to poker. When I get to the casino, I avoid the tables that already have people with large stacks (they have the ability to play weak hands and try to get lucky, or call my bluffs, they can wipe me out in one hand), I'd rather for for newly formed tables where everyone is starting with $300 (where I can bluff in some spots and start chipping away).

That's a very poor poker strategy. Stack sizes are irrelevant as long as you have 50BB. A good player should be looking for large stacks to take from. There's no need to bluff at low limits because you're always going to be called. People don't have the discipline to fold at low limits, they are all calling stations.

 

[mentos]

It just has never really interested me in a way that made me feel like I wanted to learn it. Yes they charge fees, but nothing like $50,000. I'd always been told it's safer to let a professional do it. Granted the "safer" might be part of the problem. It's also useful to have someone that can make projections to plan for retirement. Granted, all of those projections are out the window now unless the market performs miracles in the next few years. But I certainly don't disagree that it's better to do it all yourself if you have the knowledge and/ or motivation.

That professional thanks you for paying his living wage.

All you need to do is DCA into an S&P and you'll do better than 95% of professionals out there. All the individual stock picking discussed in threads like this are usually fun money.

 

[confettiflyer]

It just has never really interested me in a way that made me feel like I wanted to learn it. Yes they charge fees, but nothing like $50,000. I'd always been told it's safer to let a professional do it. Granted the "safer" might be part of the problem. It's also useful to have someone that can make projections to plan for retirement. Granted, all of those projections are out the window now unless the market performs miracles in the next few years. But I certainly don't disagree that it's better to do it all yourself if you have the knowledge and/ or motivation.

How much are they charging you, anyway? As an expense ratio (or wraparound fee)


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[confettiflyer]

It just has never really interested me in a way that made me feel like I wanted to learn it. Yes they charge fees, but nothing like $50,000. I'd always been told it's safer to let a professional do it. Granted the "safer" might be part of the problem. It's also useful to have someone that can make projections to plan for retirement. Granted, all of those projections are out the window now unless the market performs miracles in the next few years. But I certainly don't disagree that it's better to do it all yourself if you have the knowledge and/ or motivation.

Better yet, post a screenshot of your holdings. I don’t care about the $$ amounts, I just want to know if the underlying holdings are reasonable.


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[aqb]

It's harder to get into the game when costs are high. I'll compare it to poker. When I get to the casino, I avoid the tables that already have people with large stacks (they have the ability to play weak hands and try to get lucky, or call my bluffs, they can wipe me out in one hand), I'd rather for for newly formed tables where everyone is starting with $300 (where I can bluff in some spots and start chipping away).

This makes no sense, if a player gets a big stack and widens their range by playing weaker hands it increases your EV. If they are calling too wide, you adjust, and make thinner value bets. It doesn't matter what stack a player has, you always want to play against someone worst than you i.e., fish / whale aka bad players aka fun players aka recreationals.

That's a very poor poker strategy. Stack sizes are irrelevant as long as you have 50BB. A good player should be looking for large stacks to take from. There's no need to bluff at low limits because you're always going to be called. People don't have the discipline to fold at low limits, they are all calling stations.

I agree that Sparda's analogy was terrible. I disagree with you on several of your points though, stack sizes are definitely relevant and our strategy shifts depending on effective stacks. A good player shouldn't be looking for large stacks to take from, if you're a good player and you see another good player has a big stack, that means you should target them? Sounds like an ego war to see who has the minimal edge. As noted above you always want to play with players worst than you. That's where all the money is. It's true that players are generally stations at lower limits, however, that doesn't mean you shouldn't bluff. There are plenty of exploits you can make in spots where they overfold - you just have to identify them.

Sorry for the derail, I'm far from the best player and I learn something new every day but this is my jam.

 

[mentos]

This makes no sense, if a player gets a big stack and widens their range by playing weaker hands it increases your EV. If they are calling too wide, you adjust, and make thinner value bets. It doesn't matter what stack a player has, you always want to play against someone worst than you i.e., fish / whale aka bad players aka fun players aka recreationals.



I agree that Sparda's analogy was terrible. I disagree with you on several of your points though, stack sizes are definitely relevant and our strategy shifts depending on effective stacks. A good player shouldn't be looking for large stacks to take from, if you're a good player and you see another good player has a big stack, that means you should target them? Sounds like an ego war to see who has the minimal edge. As noted above you always want to play with players worst than you. That's where all the money is. It's true that players are generally stations at lower limits, however, that doesn't mean you shouldn't bluff. There are plenty of exploits you can make in spots where they overfold - you just have to identify them.

Sorry for the derail, I'm far from the best player and I learn something new every day but this is my jam.

I haven't played in years but wherever I saw big stacks I knew that table had action. Saw a guy with around $2000 at a 1/2 table calling all ins with gut shots and hitting everytime. I couldn't wait to get a hand against someone like him.

 

[Sparda29]

I haven't played in years but wherever I saw big stacks I knew that table had action. Saw a guy with around $2000 at a 1/2 table calling all ins with gut shots and hitting everytime. I couldn't wait to get a hand against someone like him.

I get it, but I've had pocket Aces and pocket Kings crushed by dudes with big stacks who call with 2-9 off suit.

 

[mentos]

I get it, but I've had pocket Aces and pocket Kings crushed by dudes with big stacks who call with 2-9 off suit.

That is what you want!! You are using results oriented thinking. You will lose a few times but you need to play tens of thousands of hands to get an accurate percentage. It's all about making the correct play. Give me AA vs 29 all day everyday, you are something like a 85% (I don't know the exact percentage) favorite preflop!! What more can you ask for? If you are consistently losing with AA or KK, the two most winning hands, then you are not playing them correctly and should not play poker. If you play AA correctly and lose then eat the loss, that's fine. 9 times out of 10 you'll win with them.

 

[Sparda29]

That is what you want!! You are using results oriented thinking. You will lose a few times but you need to play tens of thousands of hands to get an accurate percentage. It's all about making the correct play. Give me AA vs 29 all day everyday, you are something like a 85% (I don't know the exact percentage) favorite preflop!! What more can you ask for? If you are consistently losing with AA or KK, the two most winning hands, then you are not playing them correctly and should not play poker. If you play AA correctly and lose then eat the loss, that's fine. 9 times out of 10 you'll win with them.

Ah, see I don't go to play at the casino often. Maybe once or twice a year. I try to use that hand to generate a lot of money, so I do tend to slow play it and allow 5-6 people into the hand and then hope someone raises pre-flop so I can re-raise them to $40/50.

The best results I ever had was in New Orleans during APhA New Orleans 2012. I had gotten pickpocketed of my cash so I took out $100 from my account, went to the casino and sat down at the poker table. Eventually I built up about $300 when I got AA. I raised to $40 and got called by 5 people.

The flop came out as A, J, 5. I went all in, two people called, and the turn was another 5, and the river was a 2.

As it turns out, one of the guys who called me had an Ace-5, the other guy had pocket Jacks (ouch). Took in like over $1000 in that hand.

 

[mentos]

Ah, see I don't go to play at the casino often. Maybe once or twice a year. I try to use that hand to generate a lot of money, so I do tend to slow play it and allow 5-6 people into the hand and then hope someone raises pre-flop so I can re-raise them to $40/50.

The best results I ever had was in New Orleans during APhA New Orleans 2012. I had gotten pickpocketed of my cash so I took out $100 from my account, went to the casino and sat down at the poker table. Eventually I built up about $300 when I got AA. I raised to $40 and got called by 5 people.

The flop came out as A, J, 5. I went all in, two people called, and the turn was another 5, and the river was a 2.

As it turns out, one of the guys who called me had an Ace-5, the other guy had pocket Jacks (ouch). Took in like over $1000 in that hand.

5-6 people in the hand is the last thing you want with AA. Raise that **** preflop at least 4BB. If someone raises before you, 3 bet them!! Heads up or 3 way is ideal then you can get fancy with slow playing if you want.

The hand you described was played perfectly.

 

[DagS132]

Ah, see I don't go to play at the casino often. Maybe once or twice a year. I try to use that hand to generate a lot of money, so I do tend to slow play it and allow 5-6 people into the hand and then hope someone raises pre-flop so I can re-raise them to $40/50.

The best results I ever had was in New Orleans during APhA New Orleans 2012. I had gotten pickpocketed of my cash so I took out $100 from my account, went to the casino and sat down at the poker table. Eventually I built up about $300 when I got AA. I raised to $40 and got called by 5 people.

The flop came out as A, J, 5. I went all in, two people called, and the turn was another 5, and the river was a 2.

As it turns out, one of the guys who called me had an Ace-5, the other guy had pocket Jacks (ouch). Took in like over $1000 in that hand.

How were you playing that entire night for those two to call that? Thats a ridiculous call to make after the flop

 

[awval999]

The guy holding JJ is never going to fold on a A-J-5 flop. Maybe A-5 could get away after a raise, re-raise, but never the guy with a set of Jacks.

 

[DagS132]

The guy holding JJ is never going to fold on a A-J-5 flop. Maybe A-5 could get away after a raise, re-raise, but never the guy with a set of Jacks.

lol, rest in peace guy with pocket jacks. Life was over before it even started

 

[aqb]

Eventually I built up about $300 when I got AA. I raised to $40 and got called by 5 people.

The flop came out as A, J, 5. I went all in, two people called, and the turn was another 5, and the river was a 2.

As it turns out, one of the guys who called me had an Ace-5, the other guy had pocket Jacks (ouch). Took in like over $1000 in that hand.

To echo mentos you’d def rather get heads up with AA rather than go multi-way with it. However disagree that the hand was played perfectly.

Typically wouldn’t open jam top set on this board as you’re blocking everything people would call. You got in an ideal situation where the last guy with an A had two pair and JJ cooler. Majority of the time if you do this, you’re not getting called by much and making a lot less $.

Food for thought. If you wanted to make that play it’d be better to do it with JJ/55 as more players potentially with Ax would call. Or if you wanted to do this with top set then probably better on a board texture like 752 with 77 as the players would still have overpairs (JJ-88), 55, 22 to call. That said, still I’d prefer a check raise rather than open jamming.

Anyway, you can take this into consideration (or not) next time you goto the casino after covid


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[Sparda29]

How were you playing that entire night for those two to call that? Thats a ridiculous call to make after the flop

My friends have told me that I look extremely nervous when I'm in a hand so it could have been one of those things where they thought I was bluffing because I was sweating bullets.

 

[PikminOC]

Yes.

1. Sudden increase in number of death.
2. Morgues are over saturated.
3. Dead bodies will eventually be buried.
4. Just like in any other infection, spread will slow.
5. Less people will die.
6. Things are back to normal.
7. People who panicked will claim they didn't lol @owlegrad

Are they cremating these bodies?

 

[owlegrad]

‘We Ran Out of Space’: Bodies Pile Up as N.Y. Struggles to Bury Its Dead (Published 2020)

The coronavirus crisis is overwhelming New York’s system for burying the dead.

www.nytimes.com

But don't worry everyone, we are still a first world country and there is no need to panic.

 

[Wickett]

That's a very poor poker strategy. Stack sizes are irrelevant as long as you have 50BB. A good player should be looking for large stacks to take from. There's no need to bluff at low limits because you're always going to be called. People don't have the discipline to fold at low limits, they are all calling stations.

Not true whatsoever. Stack sizes are definitely a factor and having a smaller stack than everyone else is a disadvantage. 50BB is also way too little to buy in for.

 

[farmadiazepine]

$180/hr is not worth it to risk your life to see a COVID19 patient, face to face, or to even enter a COVID19 patient's room. No thank you.