Don't Look at Your Portfolio!
- Thread starter TPD
- Start date
You must be in index funds.
Hessian
Well-Known Member
Yup...my retirement has returned to August 2022. I suspect it may be another year before it matches Sept 2021
My recent job is matching my contributions of 120.00/month. Whoa Nelly
...I won't be touching that for over a decade.
Hessian
Well-Known Member
So...the Fed is not intending to scale back their sequence of rate hikes...and thus consumers will continue to get beat up in the months ahead.
Likewise, our portfolios will ALSO keep getting beat up because the lunchbucket & the Fed are apparently amused by a distraught/anguished/frustrated middle class. February's Dow is an absolute record of loss & misery.
And democrats lay down & say "MORE please!"
Likewise, our portfolios will ALSO keep getting beat up because the lunchbucket & the Fed are apparently amused by a distraught/anguished/frustrated middle class. February's Dow is an absolute record of loss & misery.
And democrats lay down & say "MORE please!"
HemiHauler
Well-Known Member
Nor should they. In fact, they’ve been far too dovish to deal with runaway inflation caused by the Trump admin — to the tune of $8T in the economy. And consumers are still consuming with that cash awash in the economy. Go look at recent consumption/spending data for more info.
Rate hikes should have been in 100bp increments. There will need to be economic hardship to reduce consumption and inflation. Period. Few will use that langage to describe what is needed, but it’s the only way. Inflation is ever-present; that’s kind of a feature of an economy built on consumption. I wouldn’t want it any other way. Ultimately, I think the FOMC will have to raise their inflation target to 3, maybe 4% for a few years.
If one’s portfolio is taking a
that is 100% on the owner of that portfolio. Plenty of us are in positive territory, even after a few road bumps. The DOW isn’t the bellwether it was 30/40 years ago. I ignore it completely.
Hessian
Well-Known Member
Well I suppose there IS a bright side to this Carter-esque Malaise...
So many people will be infuriated at this clown regime that the Dems will have to cheat even harder to win the next election. Maybe enough of them will screw up and get caught so we can investigate, indict, try & sentence them by the hundreds. (If we live in a land that still applies the law).
So many people will be infuriated at this clown regime that the Dems will have to cheat even harder to win the next election. Maybe enough of them will screw up and get caught so we can investigate, indict, try & sentence them by the hundreds. (If we live in a land that still applies the law).