Social Media Influencers and Robinhood

[Coronita]

This trainwreck is going to be interesting to watch. Social media influencers offering financial advice. What could possibly go wrong?

https://www.bloomberg.com/news/articles/2020-08-23/social-influencers-feed-the-robinhood-hunger-for-investing-101

[The-Shoveler]

It’s different this time.
I used to not be against fed printing but this time I think they truly are pushing the limits LOL. That may keep it going awhile until she blows.

Go until she blows LOL.

Never mind that about 1 in 5 are out of work and biz BK’s at record highs.

[gzz]

[gzz]

.

[The-Shoveler]

LOL looks about right gzz except there needs to be a tow truck (named fed) pulling the bronco.

[Coronita]

[quote=The-Shoveler]It’s different this time.
I used to not be against fed printing but this time I think they truly are pushing the limits LOL. That may keep it going awhile until she blows.

Go until she blows LOL.

Never mind that about 1 in 5 are out of work and biz BK’s at record highs.[/quote]

I don’t get it either… Hoping to net gain…a lot…buy tangible assets like rentals… and ride the downturn when it happens.

Did you guys check the prices of some used cars? There are people who bought preowned cars last year, and due to the wacked inventory of new cars, they are selling them for the more than they paid last year.

[scaredyclassic]

my kid wrecked my car; i paid 18k for it after rebate in a well-negotiated sale. I got back 28k from the insurance company. jeez.

[Coronita]

[quote=scaredyclassic]my kid wrecked my car; i paid 18k for it after rebate in a well-negotiated sale. I got back 28k from the insurance company. jeez.[/quote]

They wrecked your Prius??? No!!!!!!!

That was such a cool car.

Part of the problem is there is an inventory shortage.of new cars simply because factories are closed and/or supply chain issues.People like me were hoping with the Covid downturn, dealerships would be selling cars at firesale prices..The opposite is happening…. People still need/want to buy cars, but inventory is low. So many cars that were deeply discounted are now selling at MSRP or in some cases above MSRP.

[scaredyclassic]

[quote=Coronita][quote=scaredyclassic]my kid wrecked my car; i paid 18k for it after rebate in a well-negotiated sale. I got back 28k from the insurance company. jeez.[/quote]

They wrecked your Prius??? No!!!!!!!

That was such a cool car.

Part of the problem is there is an inventory shortage.of new cars simply because factories are closed and/or supply chain issues.People like me were hoping with the Covid downturn, dealerships would be selling cars at firesale prices..The opposite is happening…. People still need/want to buy cars, but inventory is low. So many cars that were deeply discounted are now selling at MSRP or in some cases above MSRP.[/quote]

prius prime is no more. i actually liked that car. a lot.
now I have 28,000 and my ebike.

frankly, id rather have had the prius prime.

when you turn on the car, it lights up on the dash, PRIUS PRIME.

my wife would always say PRIUS PRIME! when the car started.

no more prius prime.

[svelte]

[quote=Coronita]

Part of the problem is there is an inventory shortage.of new cars simply because factories are closed and/or supply chain issues.People like me were hoping with the Covid downturn, dealerships would be selling cars at firesale prices..The opposite is happening…. [/quote]

Gotta know where to look. A week ago today, I bought a brand new car with 27 miles on it for 25% off of sticker.

I was just tire kicking but when they said that, I changed my mind.

[The-Shoveler]

Sometimes you’er in the right place at the right time.

I was at a dealer about a month ago, he said inventory is extremely low due to supply chain issues due to covid, they were jacking up prices around 10% from MSRP.

[gzz]

What car/dealership Svelte?

I went to my local VW, they had a used 2018 with only 8k miles on it listed for 27k. A 2020 same model and specs has an MSRP of 30.5k and is sold all over the place for 27.5. So they are selling the used one 2 model years back for only $500 off.

I offered 24k, they didn’t even counter.

[Coronita]

[quote=scaredyclassic][quote=Coronita][quote=scaredyclassic]my kid wrecked my car; i paid 18k for it after rebate in a well-negotiated sale. I got back 28k from the insurance company. jeez.[/quote]

They wrecked your Prius??? No!!!!!!!

That was such a cool car.

Part of the problem is there is an inventory shortage.of new cars simply because factories are closed and/or supply chain issues.People like me were hoping with the Covid downturn, dealerships would be selling cars at firesale prices..The opposite is happening…. People still need/want to buy cars, but inventory is low. So many cars that were deeply discounted are now selling at MSRP or in some cases above MSRP.[/quote]

prius prime is no more. i actually liked that car. a lot.
now I have 28,000 and my ebike.

frankly, id rather have had the prius prime.

when you turn on the car, it lights up on the dash, PRIUS PRIME.

my wife would always say PRIUS PRIME! when the car started.

no more prius prime.[/quote]

Sorry man… Might I suggest in the future you buy a $3-4000 Toyota Corolla and hand them the keys to that instead? That way, if it gets wrecked it’s easily replaceable.

[Coronita]

[quote=svelte][quote=Coronita]

Part of the problem is there is an inventory shortage.of new cars simply because factories are closed and/or supply chain issues.People like me were hoping with the Covid downturn, dealerships would be selling cars at firesale prices..The opposite is happening…. [/quote]

Gotta know where to look. A week ago today, I bought a brand new car with 27 miles on it for 25% off of sticker.

I was just tire kicking but when they said that, I changed my mind.[/quote]

oh, do tell.

[Coronita]

[quote=gzz]What car/dealership Svelte?

I went to my local VW, they had a used 2018 with only 8k miles on it listed for 27k. A 2020 same model and specs has an MSRP of 30.5k and is sold all over the place for 27.5. So they are selling the used one 2 model years back for only $500 off.

I offered 24k, they didn’t even counter.[/quote]

Friends don’t let friends buy a Volkswagen product. Please don’t.

It’s like buying an Audi , only worse. At least with an Audi, you can sort of convince yourself expensive maintenance for a luxury car. With a VW, you’ll pay the same expensive maintenance costs of an Audi but with a VW label on it that’s suppose to be inexpensive and affordable

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