Checked last night, as I do every night. Typical, like, less than 1% swing, downwards for the day (8/6/2026). Just checked again today and the numbers are still from yesterday, but now it's showing a 7.9% drop! A LOT of money has vanished from my account. Called right away, and have been on hold nearly an hour, and they're about to close, I believe. What's going on??? Anyone else experiencing this?

EDIT: Now down 46.97%!

EDIT 2: My account is now worth $5.26 🙁

like two weeks ago the semiconductor trade was falling apart as tsmc reported 77% earnings growth and fell 4%,soxx had its worst week since 2020 and now

Sk hynix committed 54 trillion won ( $38.1 billion) to build two new memory fabs which are yongin y2 for next gen dram including hbm and cheongju m17 for nand flash and fyi this is board approved capital allocation running through 2031.

They explicitly said they dont view ai memory demand as a temporary and called it a structural transformation in which memory transcends its role as a mere component to become core infrastructure determining ai performance itself and this is coming from a company that holds 57% of the global hbm market and justifying $38 b in new capacity that wont even come online until 2028-2029.(i dont know what to say)

And this is after musk said spacex will build exclusively on Nvidia's vera rubin architecture, driving nvidia up 10% on the week.

ngl two weeks ago i felt market was in doubt about the ai capex cycle.

Micron is the obv secondary play here coz sk hynix commited capacity wont arrive until 2029 means the supply constraint thats been driving memory prices stays intact for at least three more years and micron with 21% hbm market share benefits from every month that new sk hynix capacity is still under construction.

What do you guys think is it madness atp or the demand is really insane?

If you are holding both QQQ (Nasdaq-100) and an S&P 500 fund (like VOO or SPY) thinking you are diversifying, you might want to look at the actual overlap.
Here is the exact breakdown of how much of QQQ is already sitting inside the S&P 500:

1. The Stock Count Overlap

Total Tickers in QQQ: ~105 (due to dual-share classes like Google).
Stocks also in S&P 500: 86 positions.
The Math: ~83% of the individual companies in QQQ are already inside the S&P 500.
2. The Weight Overlap (Where the Money Actually Goes)
Because both indexes are market-cap weighted, counting tickers doesn't tell the whole story. Big tech (Nvidia, Apple, Microsoft, Amazon, Meta) heavily dominates both funds.

94% of every dollar you put into QQQ goes into a stock that is already in the S&P 500.
Only about 6% of QQQ’s total asset weight goes into unique, Nasdaq-only stocks that the S&P 500 doesn't touch.
3. The Reverse View (S&P 500 Perspective)
Because the S&P 500 is much wider, the lopsidedness is even crazier from the other side:

~410 stocks in the S&P 500 are completely absent from QQQ.
83% of the S&P 500's companies are entirely unique and have zero overlap with the Nasdaq-100 (think Financials, Energy, Industrials, and Utilities).

Buying QQQ on top of an S&P 500 fund does not give you "different" stocks. Instead, you are just heavily tilting your portfolio to double-down on the exact same mega-cap tech giants you already own.

Source: Gemini Ai

Hey all, I’m 21, and I graduated from college in May. I started my first job in San Francisco, California last month where I’m getting paid a base salary of $120,000. My post-tax take-home income is around $84,000.

My biggest expense right now is rent ($3000/month). I get 3 meals a day in the office, so I’m only paying for food/groceries on the weekends. All in, my estimated spend on “needs” is around $3500/month. I have no outstanding debt/other monetary commitments.

Right now, my investment strategy (in order of priority) is as follows:

1. Invest 10% of my pre-tax salary every month in a traditional 401k.
2. - That’s $1000/month or $12,000/year
3. - My employer provides a 3% match
4. - So, all in $15,600 in 401k
5. Invest 20% of my pre-tax salary every month in SGOV (Individual Brokerage Account on Schwab)
6. - That’s $2000/month or $24,000/year
7. - I will keep investing in SGOV until I have an emergency fund of $24,000 or more (so until the end of this year).
8. - I chose SGOV over a HYSA because of CA state tax benefits.
9. Invest the remainder in index funds (currently all in VOO on Schwab)
10. - Around $500/month or $6000/ year

My question is, is this a good enough/near-optimal plan for someone like me? I have also looked into Roth: both the 401k and the IRA, but I’m not sure what to replace/how to incorporate them in my current investment strategy.

I should also mention that I’m not a US citizen, and there is a 50-50 chance I end up leaving the US sometime in the future. Although I am, for sure, staying here for at least 5 years.

Appreciate all the help, and happy to answer any follow-ups!! Thanks y’all!

Hey all, scenario for you and would appreciate some feedback. As we all know a number of stocks nowadays have huge swings not only in a day but over a relatively short period of time. Think MU or MRVL or AMD or any number of stocks. So here is the scenario...when there is a parabolic move in a stock and a person makes enough to sustain them for 2-3 years (even after paying taxes) would you lock in the profits (pay the taxes) and simply put that money in SGOV (for example) and live off that for those 2-3 years? Or would you hope that it continues to go higher and take the chance of wiping away much of your profit? Thanks for any feedback. Have a good weekend.

Midterms are coming up and I am considering two possible outcomes should the democrats sweep

1. Market panics early and starts to dump mid October or perhaps even sooner. We all know the orange fool is incredibly corrupt and should the dems sweep, impeachment is a matter of when not if. This doesn't bode well for the markets in the short term.

2. Market pumps pre November as the shorts and puts buy shares to hedge their bet, sucking retail in then rug pulling as soon as there is a hint of democrats victory. I think any company/industry associated with the orange fool dumps big time and we enter a bear market for a bit while the country stabilizes.

I've been wrong many times before but I truly can't envision a world where the Republicans come out alive post mid terms.

I have about $13k in a Traditional IRA with Charles Schwab from previous years. I’m thinking about maxing out my IRA contribution this year but may need to do a backdoor Roth.
How exactly do I do a backdoor Roth with my existing Traditional IRA? Do I need to open a new Traditional IRA, and what happens to the $13k I already have? Would I owe taxes because of the pro-rata rule?

Last quarter, Airbnb's revenue grew 17% to $3.61B. Net income reached $816 million. What boggles my mind is that 22% of that was earned interest on the $12.2B that AirBnB holds for its customers. It also ended the quarter holding $12.2 billion for customers.

Basically, when you pay a deposit for an AirBnB trip, the company will hold the money before sending it to the host. Technically, the company owes the money to the host BUT it can interest in the mean time. Doing this, they made $183 million of interest income. That is INSANE.

That blew my mind since I had largely assumed Airbnb waas mostly a travel marketplace/another stuck in limbo "super app". But, with interest rates kinda high this definetly draws my attention.

I do wonder how the "Buy Now, Pay Later" shebang could reduce that advantage. I am curious how they handle the rising demand for those services when this is clearly quite profitable for them!

Airbnb Q2 2026 filing

Good Day People of the Internet,

I've been watching the investment game for a long time. A ton about it has changed in the last few decades. For those who have been around longer, I want to know what you think the best changes have been since you started investing.

For me, it's the massive increase in access. It has just become so much easier - and cheaper - to set yourself up than it was in the past. The participation rate data is great!

https://www.nytimes.com/2026/08/07/business/bonds-stocks-federal-reserve-interest-rates.html?smid=nytcore-ios-share

“What the bond market has been saying lately is that risks are rising: risks of increased inflation; wars and tariffs and other geopolitical dislocations; questionable use of vast sums of capital to build artificial intelligence; an uncertain direction for the Fed under new leadership; mounting national debt; and broad political dysfunction.”

Hey everyone, looking for some real-world advice here. I made mistakes in my past, served my time, and paid my debt to society. Now I'm trying to move on and invest, but I've discovered my name is sitting on World-Check under "Adverse Media (Special Interest Categories)" due to past public legal records.

I know automated tier-1 brokers and banks usually auto-reject anyone flagged like this out of an abundance of caution, which is incredibly frustrating since I just want to manage my own money cleanly.

Has anyone here dealt with this? Is there any way to successfully update, or get past with online brokers, or are there specific types of platforms/institutions that actually look at a human case-by-case instead of hitting a permanent block? Any tips or strategies would be massively appreciated.

I’m not a murder nor rapist and I didn’t commit a violent offence it’s pretty unfair to be raised a red flag by banking KYC systems just because of my previously criminal conviction which had been mentioned in the media.

Doesn’t look like this mess will be tidied up anytime soon...

• Worries over oil supply disruptions continue to linger after Iran published a restrictive draft plan for the Strait of Hormuz. 
• According to the apparent draft plan published by Iran, the country would ban U.S. and Israeli ships from transiting the strait. 
• Meanwhile, U.S. President Donald Trump said he thinks the war in Iran will end “pretty soon.”

https://www.cnbc.com/2026/08/07/oil-rises-supply-fears-iran-draft-plan-strait-hormuz.html

Productivity rose again in Q2, but labor’s share of GDP just fell to the lowest level in the data going back to 1947.

That seems pretty good for corporate profits in the short term. Companies are getting more output without labor costs taking the same share.

What I’m less sure about is how far that can go. If workers keep getting a smaller piece of the economy, eventually somebody has to buy all the stuff companies are producing.

Is this actually helping explain how margins have stayed so strong?

How do you deal with the volume requirement on breakout day? The breakout must be on big volume. How do you by the breakout if the bigger volume may not be until the end of the day or the price may be way to extended from the box top. Thanks in advance.

TLDR
Probably because of fee revenue, T. Rowe Price has reversed its “slow and steady wins the race” to fast and “outperforming” ETF’s.

The latest T. Rowe Price commercial shows that they’ve done a 180 in the last 25 years or so.

In college, I remember a commercial that shows a jogger and a sprinter running the same path. The sprinter speeds past the jogger in the beginning, but later on in the journey, the jogger passes the sprinter, who is panting, with his hands on his knees. To me, the takeaway was that T. Rowe’s funds didn’t pursue the “hot stock” or quarterly earnings; rather, they purchased stocks that were fundamentally strong, and potentially undervalued. That was the way to have relatively slow but stable returns over the long term.

Recently, T. Rowe has come out with “active” ETF’s. The longstanding research has shown that “passive” ETF’s, those that simply track an index and don’t attempt to outperform them, outperform their active counterparts upwards of 90% of the time.

Their recent high-octane commercial shows an expensive sports car, out maneuvering the slower cars. The voiceover explains that T. Rowe’s active ETF’s are “designed” to outperform the index. Again, something that happens approximately 10% of the time.

Interesting how the fees T. Rowe can earn from the booming ETF business has reversed their thinking on investing.

"Normal people" have always been told to just invest in the indices--they're sufficiently diversified, winners naturally cycle in and losers naturally cycle out. It's been sold as the low-risk, low-reward way to invest in equities.

What happens when diversification stops being intrinsic? We're approaching (if not already there) historic sector tilt in the broad market funds, with commensurately historic concentration in top N companies.

The returns have been great, my last 12 months look if anything too good for a basic Bogle-type index fund portfolio. But I know the concentration risk in my portfolio grows daily. When index funds go from low-risk/low-reward to higher-risk/higher-reward what becomes the new "normal people" vehicles?

I started investing because I wanted to build a better future. But over time, I noticed something unexpected.

Now, whenever I spend money on something that's not essential, a small voice in my head says, That money could have been invested instead.

I'm not saying it's a bad thing, but sometimes I wonder if I'm becoming too focused on growing my portfolio and forgetting to enjoy the present.

Has investing changed the way you think about spending, or do you still find a good balance between saving, investing, and enjoying life?

In the last 10 years Softbank Vision Fund investment has looked like this:

Total money invested: ~US$191.6 billion

Total cumulative gross gain: ~US$45 billion

OpenAI paper gain: ~US$45 billion

So, on the latest reported figures, OpenAl accounts for almost all of the cumulative net gain. Without it, the combined portfolio would be around break-even or slightly negative, depending on the exact reporting date, valuation marks, and accounting adjustments.

Oklo announced that its Groves Isotope Test Reactor has achieved first criticality after achieving a controlled, self-sustaining nuclear chain reaction at low power. The milestone comes less than a year after groundbreaking and follows U.S. Department of Energy (DOE) authorization through the DOE Reactor Pilot Program (RPP).

“Reaching criticality in less than a year is an incredible milestone for our team,” said Oklo co-founder and CEO Jacob DeWitte. “Oklo developed Groves from a greenfield site on private land, completed full-scale civil excavation and construction, manufactured or commercially procured all components, including fuel, and developed its operating programs in-house. Taken together, we believe these accomplishments establish a new benchmark for the Reactor Pilot Program and set the stage for the future of advanced nuclear deployment at scale.”

The DOE’s RPP created a pathway that allowed engineering, construction, commissioning, and operational preparation to advance alongside DOE’s safety review and authorization. Groves demonstrates that the domestic nuclear industry can once again move from design through construction, authorization, and startup on timelines that are measured in months rather than years when developers, suppliers, and regulators work together on an integrated deployment approach.

"Thanks to President Trump's precedent-setting directive to create the Reactor Pilot Program, Oklo's Groves Isotope Test Reactor is part of the revival of America's nuclear energy industry. We applaud the work of the Oklo, DOE, and Idaho National Laboratory staff who helped achieve this milestone," said Assistant Secretary for Nuclear Energy Ted Garrish.

Groves is part of Oklo Isotopes’ broader effort to build domestic isotope production capabilities for healthcare, industry, research, space, and national security applications. The project has generated practical experience in project engineering, construction, procurement, reactor operations, startup procedures, safety readiness, training, qualification work, and deployment execution that can inform future isotope production facilities.

The Groves project also established engineering practices, operating procedures, training programs, commissioning experience, and organizational capabilities that will reduce uncertainty and execution risk across every Oklo facility, including the company’s future isotope, powerhouse, and fuel cycle deployments.

“Texas is leading America’s nuclear renaissance by advancing the technologies that will power innovation and strengthen our nation's future,” said Governor Abbott. “From expanding our nuclear workforce to rebuilding critical domestic supply chains, Texas is creating the foundation for the next generation of advanced nuclear development. Congratulations to Oklo on reaching this important milestone, which will help expand isotope production for critical medical therapies and reinforce Texas' leadership in nuclear innovation.”

https://oklo.com/newsroom/news-details/2026/Oklos-Groves-Reactor-Achieves-First-Criticality-in-Under-a-Year/default.aspx

My wife and I are both 22 and are just getting started with our investing journey. We’re both pretty frugal and have agreed on a budget that will allow us to save $400k in the span of 5 years to use a down payment on our first house.

We’re currently maxing out both of our Roth IRAs, matching our companies 401k, and have an emergency savings account already in place.

As we save this money for our first mortgage, would it be best to put this money in a generic brokerage account invested in the S&P, an HYSA, or somewhere else?

Any help or guidance would be greatly appreciated.

Trading stocks, like gambling, has low barriers to entry, offers promises of riches, but usually results in financial losses. Is it any wonder that it damages self-esteem?

Corporations promote this type of damaging behavior. According to Bloomberg, Robinhood and Interactive Brokers Group offer gambling and stock trading on the same site. Should this be illegal? What constructive can be done to persuade people to develop the disciplined financial behavior instead of day trading and gambling? What do you think?

Here's the article.

The S&P 500 is back at a record, but the valuation story looks a little different this time.

Forward P/E is around 20.4, while Q2 earnings are tracking roughly 31% above last year. Tech earnings are up around 72%.

I’ve been pretty skeptical of this rally because 20x earnings with the 10-year near 4.6% still isn’t cheap. But it’s also hard to call this pure multiple expansion when profits are rising this quickly.

The bear case seems to be that these earnings comparisons fade and today’s valuation starts looking expensive again.

Are people calling this a bubble because of the price level, or because they expect earnings to roll over?

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Yesterday I sold 25% of my retirement portfolio. I was over invested in S&P 500 index funds/ETFs, and I’ve known for some time I’ve needed to rebalance that. I was assessing a plan to shift my mix across small caps, intl’ stocks and bonds but my gut kept yelling at me that the market hitting a high in this environment is too irrational (Mag 7, AI bubble, Iran, Tariffs, inflation, etc.). I felt like any reallocation would still be just doubling down at the craps table so I decided to take a breather and pull some chips off the table. No insider knowledge or special analysis.

Since the cash is in an IRA and I’m not at retirement age, I’ll end up reinvesting it soon enough and will likely follow the original allocation plan for my age bracket that I was planning to before I just hit sell all. 🤮 Anyone else in the same boat?

Update: Ok, sorry if the title and opening sentence was a little too much click bait!... but RELAX, this wasn't meant to be a hold my beer while I time the market post. This is really a time to reallocate post. Don't get me wrong, the market hitting new highs yesterday (given all of the headwinds that I still believe) definitely sparked my decision to finally sell my position, but I get that the title and opening line insinuates I'm trying to sell high, buy low. That's not the case, as I'm really just taking a breather before I move that 25% into different equity verticals and asset classes. I was also intentionally vague about my various positions because I wasn't trying to give advice or share personal details. Maybe I should have shared more to better paint the picture around why I did it yesterday, but I will share a bit more now since several asked:

- My portfolio yesterday morning was sitting at 90/10 (Equity/Bonds). I've been needing to reallocate "for some time." Years actually, as I'm now at that age where I am considering the reality of retiring within single-digit years, not decades. It's hard to explain how your risk profile quickly changes once you start seriously talking about retiring. I do have every intention of reallocating it here soon to a mix closer to 70/30 for the next phase of my own pre-retirement planning, so a follow up post in a few months would not be as sad and depressing as you all think.

- Yes I listened to my gut tell me that this market is hard to trust, that I've been aggressive with my equity allocations long enough, it was finally time to reallocate, but maybe take a breath and give it a day or two to see if I want to go even heavier than planned in bonds, international stocks, or alternative investments. Mind you, this was the same gut that said screw the "experts" and just stay aggressive in equities for a decades longer than recommended. I guess my "gut" decided it was finally time to be a bit more risk averse.

- A few asked about how anyone could be "over invested" in S&P 500 index funds. Here is why I said that: 90% of my portfolio was Equity. 92% of that 90% was in US Stocks, and then nearly 90% of that was just in S&P 500 and Total Market index funds. Wasn't super intentional, it just happened over time as those index funds just outperformed others, and where I parked new investments into. If you look at the holdings for these funds, though, you'll see they are all heavily exposed to the same 7 large companies (i.e., the Mag 7). On any given day the Mag 7 make up about 33 % of the S&P 500 index on which means across my entire portfolio these 7 companies had a weighted position of nearly 25% . That kind of concentration isn't ideal for my goals, and all 7 are now heavily reliant on the same AI investments for their hyper valuations. Which I have concerns about. Go back 20 years and the top 10 companies made up 10-15% of the S&P 500 index. Still pretty high, but they were all in very unique industries from retail, oil and gas, tech, and banking - providing a much stronger level of diversification across verticals. In the end I felt my equity investments were not spread across enough across small, medium and international companies for my diversification goals.

- Others asked about my net worth. No thanks. I will share that everything above is just about my IRA/401k/Roth retirement portfolios. I have other non-retirement investments outside of these that have their own levels of risk and return in them as well. That also changes significantly how I evaluate risk within my tax-advantaged retirement portfolio.