The Market 2021

In the 80's I had a CD as a kid that paid like 12-13%. I eventually bought a Mustang with the money and I think much of what I used came from that CD.

That's why at that age we all thought Reagan was a good POTUS, it's probably why I was a Republican back then. as I got older I realized that inflation meant everything, not just my CD. At the time I was still living at home and paying very low rent so inflation was not relevant to me.

 

Does anyone invest in Peer to Peer lending? I know there are risks involved but it sounds like you can mitigate those risks and get OK returns. I thought about trying it out for further diversification but haven't taken the plunge yet.

https://www.moneyunder30.com/invest-in-peer-to-peer-loans

 

Diversified micro-loans right? I need to look more into it. Sounds interesting.

Credit rating and default rate would be very important to understand.

 

Are we finally seeing a rotation to long ignored value stocks? It's too early to tell, but it looks like that may be the case.

 

You're not holding it through Vanguard, are you? I hold a couple of their funds through Fidelity, but I found their customer service so impossible that I made sure I'd never have to deal with them directly ever again.

 

I've looked at it with prosper or lending club but never risked it.

 

I imagine a lot of hedges are backing off of shorts and investing more conservatively due to meme stock market disruption.

 

Unless you think they're doomed for the graveyard, you could also look at IBM here. Aristocrat with a 5.4% yield.

 

No not through Vanguard. I hadn't heard that about their customer service but that is good to know.

 

With the yield doing what it's doing it makes sense that the beaten down yield sensitive energy and financial sector will be leading in this environment.

 

In fairness I should say that the representatives themselves are fine; it's just impossible to reach them. You can stay on hold for an hour and then it will cut you off, or there's no way out of the menu tree, or they don't answer at all. There's no email contact either. You can try messaging them through Facebook, but all they do is spit back the phone number that has already been determined to be worthless.

 

Tech stocks getting hammered the last few days

 

I use Vanguard but fortunately haven't really needed to deal with support. I've heard nightmares about their phones though. I had one issue a few weeks back around when the RobinHood fiasco took place. Complaining to their twitter account and telling them to get their act together with more colorful language then what's allowed here got a response out of them.

 

Yeah it's pretty funny when Kellogg is one of the day's top performers.

 

I almost temporarily sold Tesla last week but last time I did that I got burned. oops.