Don't Look at Your Portfolio!
- Thread starter TPD
- Start date
LightRoasted
If I may ...
For your consideration ...
I ask as a boat owner, that, if I were to try sell my boat today, I could only get about $11,000 max, and a similar brand new replacement would be about $84,756.
Ok. Gotta ask. With the millions of boats tied up at docks, along with the millions more sitting on the hard at marinas, as well as the millions more of those in the driveways and backyards of all the fair weather fisherman, how can a boat be an investment? Especially since they never sell for a value that is higher than when first purchased, and instead sell for 50% to 75% less. Just curious.
I ask as a boat owner, that, if I were to try sell my boat today, I could only get about $11,000 max, and a similar brand new replacement would be about $84,756.
Hessian
Well-Known Member
I have avoided looking at my 401K for probably 5 weeks or more. It is just very hard to wrap my head around the idea that decades of careful investing is gone. Dreams of retiring by 62...gone. Trying to wisely pick choices for my portfolio, to match my estimated year of retirement--purely wasted effort.
Is it because of a natural disaster? Did we run out of a crucial commodity? Get into a nuclear war with China?
No...it was Democratic strategies begun under Obama...and now fully developed by an Anti-American Manchurian Candidate who found a way to ruin my retirement plans in less than 18 months...due to an obviously stolen election and a justice department who passively watches with no intent to pursue justice. A man-made policy that has yet to reach bottom,....combined with a man-made, American funded disease that has gutted the Middle class....I am approaching sullen despondency.
It was an intentional assault on the Middle class....and we won't recover for probably a decade.
It was an intentional assault on the Middle class....and we won't recover for probably a decade.
It was an intentional assault on the Middle class....and we won't recover for probably a decade.
It was an intentional assault on the Middle class....and we won't recover for probably a decade.
Is it because of a natural disaster? Did we run out of a crucial commodity? Get into a nuclear war with China?
No...it was Democratic strategies begun under Obama...and now fully developed by an Anti-American Manchurian Candidate who found a way to ruin my retirement plans in less than 18 months...due to an obviously stolen election and a justice department who passively watches with no intent to pursue justice. A man-made policy that has yet to reach bottom,....combined with a man-made, American funded disease that has gutted the Middle class....I am approaching sullen despondency.
It was an intentional assault on the Middle class....and we won't recover for probably a decade.
It was an intentional assault on the Middle class....and we won't recover for probably a decade.
It was an intentional assault on the Middle class....and we won't recover for probably a decade.
It was an intentional assault on the Middle class....and we won't recover for probably a decade.
Pssst!!! It was a joke. Everybody knows that boats depreciate faster than a new car driven off the dealer lot.I bought what I could afford, when I could afford them. I've been working on them ever since, to make them what I want them to be. It's my hobby.
Biden cost me $12,000 of my retirement last month. I feel fortunate because with the major tanking most people lost a LOT more. So far I'm down around $60k because of that a$$hole.
**** Democrats. You people suck.
**** Democrats. You people suck.
Depending on if the ****ing Democrats cheat another election to install another Deep State America-hating puppet of the corrupt overlords. Then it could take a lot longer, or never.
If I saw a Democrat starving in the street I'd kick him right in the teeth for what he's helped do to this country.
Sneakers
Just sneakin' around....
I won't say how much my IRA is down right now. Let's just say I could have paid cash for that new 40 foot yacht.
HemiHauler
Well-Known Member
I'm more about percentages when talking about market losses. What percent does $12,000 represent? 1%? 10%? 50%?
You think you're entitled to Fed-juiced equity markets in perpetuity or something?
That's adorable.
I always work from the bottom up....buy boats that are dirt cheap and needing some repairs, upgrades, cosmetic attention etc. Of course I'm not counting my labor as an expense, but the most recent boat rebuild project I completed is worth about 10-11K and I have 6K in to it, including the trailer.
HemiHauler
Well-Known Member
Sure, ma'am, whatever you say.....Reading all these posts makes me laugh! You act like this is the end of the world I look at it as a buying opportunity when the market goes down about another 6000 pts. Sure biden has caused this selloff with his asinine policies but it will only be temporary as always. The businesspeople in this country are resilient and savvy and are way way smarter than the politicians. Before it is over, they will find ways to continue to make profits and profits are what drives the stock markets.
You never hear this from the retirement seminars, but the trick to a nice retirement is to position your investments so that you never have to sell your assets to fund your retirement. A good mix of dividend paying stocks, growth stocks, some bonds and some income producing real estate should serve you well with a little gold and silver for inflation protection.
Paper losses are exactly that, losses on paper, you still own a portion of the company profits in proportion to the number of shares you OWN there appears to be a buying opportunity on the horizon
One more thing, now is the time to be thinking about converting some of your regular IRA or your 401k into a ROTH IRA or ROTH 401K and pay tax on the reduced value of your stock portfolio if you are able to financially, this should save you a fair amount of tax erosion later in life when you need all the help you can get.
I hope that this helps you youngsters on your journey to a comfortable retirement in your golden years.
You never hear this from the retirement seminars, but the trick to a nice retirement is to position your investments so that you never have to sell your assets to fund your retirement. A good mix of dividend paying stocks, growth stocks, some bonds and some income producing real estate should serve you well with a little gold and silver for inflation protection.
Paper losses are exactly that, losses on paper, you still own a portion of the company profits in proportion to the number of shares you OWN there appears to be a buying opportunity on the horizon
One more thing, now is the time to be thinking about converting some of your regular IRA or your 401k into a ROTH IRA or ROTH 401K and pay tax on the reduced value of your stock portfolio if you are able to financially, this should save you a fair amount of tax erosion later in life when you need all the help you can get.
I hope that this helps you youngsters on your journey to a comfortable retirement in your golden years.
Inflation will cost you more. We don't get "de-flation". The money you've actually earned or saved will now buy less.
Sneakers
Just sneakin' around....
I'm doing just that now. Sent my investor a rather large check last week. It will sit in a cash fund until I give him the word, then move it to investment funds.
The losses in my IRA will recover. Maybe not tomorrow, maybe a year, but it will recover. Long term investment strategies.
CPUSA
Well-Known Member
I'd come right behind you, pick up his teeth & kick him in his gut.
Then ask if that helps his grumbling belly...
CPUSA
Well-Known Member
You are truly the wienner there, HasHemorrhoids
Now smile for the cameras there, champ!!
TPD
the poor dad
My portfolio numbers-
Since Election Day 2020 - lost less than 1% - .15% to be exact
Since Inauguration Day 2021 - lost 15.28%
Since January 1st, 2022 - lost 23.58%, enough to pay cash for a moderate single family home in South Carolina AND a new 3/4 ton pickup
So if we project out based on the numbers above to Inauguration day 2025 when hopefully Biden's term is done, I will lose about 50% of the total value of my portfolio...
Since Election Day 2020 - lost less than 1% - .15% to be exact
Since Inauguration Day 2021 - lost 15.28%
Since January 1st, 2022 - lost 23.58%, enough to pay cash for a moderate single family home in South Carolina AND a new 3/4 ton pickup
So if we project out based on the numbers above to Inauguration day 2025 when hopefully Biden's term is done, I will lose about 50% of the total value of my portfolio...