Soo Schreiber

Posts/reposts/likes are not advice or endorsements. Just a financial observer.

[Soo Schreiber @sooschreiber]

@WolfofX Is that the same toxin that is in puffer fish?

[Soo Schreiber @sooschreiber]

@GoingParabolic Why are we scoffing at people who make less than $153k and are saving?

[Soo Schreiber @sooschreiber]

You had greater purchasing power. You are using nominal numbers and being willfully ignorant of inflation. Fixed debt is your friend during inflationary environments--Boomers' homes quadrupled in value while the underlying debt didn't. Not acknowledging that your generation benefited from the greatest debt bubble in history is disingenuous.

[Soo Schreiber @sooschreiber]

Long term care expenses are sorely underestimated by people planning for retirement

[Jeremy @jeremyct]

My grandmother’s nursing home costs $9,200 a month.

Medicare covers none of it.

My mom is paying out of her own retirement to keep her there.

Which means my mom won’t have enough saved when she retires.

Which means in 20 years I’ll be doing the same thing for her.

Nobody plans for this.

The system just assumes someone in the family will absorb it.

It’s usually a daughter.

[Soo Schreiber @sooschreiber]

@TweetHearts72 @jeremyct Medicare offers limited, short-term coverage. It absolutely does not cover most long term care expenses.

[Soo Schreiber @sooschreiber]

@jonbrooks You never want to be house rich, cash poor

[Soo Schreiber @sooschreiber]

@tornadotrx Just watched a Jarrell documentary

[Soo Schreiber @sooschreiber]

@BoringBiz_ Better to be lucky than good

[Soo Schreiber @sooschreiber]

@theficouple I personally believe that your mortgage payment should not be more than a third of your take home pay—not gross.

[Soo Schreiber @sooschreiber]

@VladTheInflator Ive been saying this for a while: the ugly truth is that to force people out of low interest rate mortgages they have to lose their job

[Soo Schreiber @sooschreiber]

@WallStreetApes Like the Olympics

[Soo Schreiber @sooschreiber]

@CuriosityonX ICU

[JustDario @DarioCpx]

On April 20th 2020, something "impossible" happened: oil futures prices crashed through the floor, settling at MINUS $37.62 a barrel

The reason? Because of lockdowns, demand for fuel crashed, oil tanks filled up, and no storage space was left, so those who held oil for delivery had to dump contracts at any price.

Important to notice how, in 2020, speculative traders were positioned heavily long on Oil futures under the assumption lockdowns would not have lasted long and demand quickly spiked as soon as they were lifted, propping up the depressed crude oil prices.

What would it take for the exact opposite to happen and for oil prices to suddenly skyrocket? Logically speaking, the answer is: SPR, Commercial, and Cushing inventories all at critical lows at the same time while demand remains strong and supply is in deficit.

Does anything I said sound familiar? Of course it does, because that's exactly where we are right now. Those who say all-time low SPRs don't matter might be right. Those who say low commercial inventories do not matter might be right. Those who say Cushing hitting tank bottoms do not matter might be right too. Yes, they might be right if you consider these factors in isolation.

The problem is that all-time low SPRs, low commercial inventories, Cushing about to hit tank bottoms, while demand remains strong (otherwise monster drawdowns would not happen) ARE ALL HAPPENING AT THE SAME TIME.

Beware: trading models are always based upon what happened in the past, but they aren't the right tool to try to predict something that never happened for the simple reason they have no data points to be built on. This is the reason why those who just looked at their models and charts could not see coming what happened in 2020.

The same is happening today; that's just how the system works. Furthermore, opposite to what happened in 2020, speculative traders are holding a significant amount of short positions, effectively betting against the laws of Mother Nature, exactly like in 2020.

[Soo Schreiber @sooschreiber]

@LeylaKuni I still don't understand 67...

[Soo Schreiber @sooschreiber]

@magills_ @SteveSkojec 😂

[Soo Schreiber @sooschreiber]

@Cooking4Company @financedystop And dont have to pay health benefits

[Soo Schreiber @sooschreiber]

@Rainmaker1973 You call it empathy...I think that little sh*t is mocking him 😆

[Soo Schreiber @sooschreiber]

I think AI is being scapegoated re tech layoffs. People need to remember that big tech was literally hoarding talent--there is no way that is sustainable long term.

[Soo Schreiber @sooschreiber]

@RealTraderJill In 2019 I was cursing my new house because both the air conditioner and heater had to be replaced. In hindsight--blessing in disguise; I got pre-Covid pricing and both were replaced for less than $10k total. Today's prices are brutal.

[Soo Schreiber @sooschreiber]

@kurtsaltrichter @ycharts There are so many differing opinions on equal wtd ETFs...they can outperform but it's limited windows of opportunity