BOP
Well-Known Member
"Roaring economy"
That's like saying Joe "Poop Deck Pappy" had minor intestinal issues.
Fox news removes Stock Ticker as Stocks crash and Trump goes golfing
- Thread starter StmarysCity79
- Start date
"Roaring economy"
That's like saying Joe "Poop Deck Pappy" had minor intestinal issues.
BOP
Well-Known Member
That was me that told Major "Dude, you need to bite someone, or they're gonna keep you in here forever."
22AcaciaAve
Well-Known Member
The stock market has not crashed at this point. It has had two rough days and is in correction territory, but it has not crashed. It crashed in 2007 when it went from 16,000 to 8,000. That was the housing market bubble blowing up. It suffered more than a correction during covid. So far it is only in correction territory which many financial advisors were predicting.
So many articles about 401K's losing money and what will people who have or are retiring do? First of all, if you are retired you should be in a mixture that shields you from big losses. Everyone needs to manage their 401k. The older you are, the more hands on you should be. I changed all of my money from stocks to fixed 2 days into the 2007 crash. I didn't take the hit on 70% of that. When it bottomed out, I moved back into the market. Made a lot more than those who just rode it out. Doesn't always work out that way. Didn't see the covid crash until too late. Stayed in the market and eventually made it all back, but it cost me time. After Trump took office I moved out of 70% stocks/30% fixed to 70% fixed/30% stocks. I knew he was going to shake things up and the markets like stability.
Thing is that this drop is self inflicted. And it can change very quickly. If it continues to drop, and it looks like things are going to settle down, I may increase my stock percentage. This whole drop might turn around very quickly on a pause or reduction of tariffs. Need to be cognizant of what is happening these days.
So many articles about 401K's losing money and what will people who have or are retiring do? First of all, if you are retired you should be in a mixture that shields you from big losses. Everyone needs to manage their 401k. The older you are, the more hands on you should be. I changed all of my money from stocks to fixed 2 days into the 2007 crash. I didn't take the hit on 70% of that. When it bottomed out, I moved back into the market. Made a lot more than those who just rode it out. Doesn't always work out that way. Didn't see the covid crash until too late. Stayed in the market and eventually made it all back, but it cost me time. After Trump took office I moved out of 70% stocks/30% fixed to 70% fixed/30% stocks. I knew he was going to shake things up and the markets like stability.
Thing is that this drop is self inflicted. And it can change very quickly. If it continues to drop, and it looks like things are going to settle down, I may increase my stock percentage. This whole drop might turn around very quickly on a pause or reduction of tariffs. Need to be cognizant of what is happening these days.
BOP
Well-Known Member
I'm only in the market in 2 ways. 1st, I have a handful of stocks like Toyota, Apple, Amazon, and a few others. That's my sandbox, and over a half dozen years, I've only broken even. Which is good enough for me. Interestingly, I just looked earlier, and only a couple of my accounts show losses. The rest show (very) modest gains.
2nd, whatever stocks I have in my savings investment accounts are managed by Schwab. I don't know what stocks I have, but my risk as a retiree has been labeled "conservative" since 2010 when I first started this investment journey; 9 years before I retired.
I didn't pay off my house before I retired because 1st, I have a low mortgage rate and amount, since I refinanced in 2015, and 2nd, with the buyout, I didn't have a lot of lead time.
Sure, I could have paid it off anyway, but why? My rate is 2.9%, and I'm making a minimum of double that on my investments.
When I retired, I was still in TSP. My advisor recommended moving it all to my savings investment accounts. Before we could get it done, Brandon was appointed to Obama's 3rd time, and my TSP lost $30K, just like that.
5 years later, I've recovered from that loss. With Trump back in office, I feel vindicated.
When I was about 55 I moved into dividend paying stocks, getting a steady stream of income going into DRIPS. In December or so I cancelled the DRIPS and just collected cash. Now just waiting for markets to crash to put money I've been collecting to buy into more dividend paying stocks. Very rarely do I sell stocks, now I am just positioning my portfolios for my heirs. Monday should be interesting.
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Clem72
Well-Known Member
Sounds good in theory, but were you just keeping tons of cash uninvested waiting for a buy opportunity? Have a bunch of mature bonds sitting around waiting to be redeemed?
Been in T bills for about 2 years short term they were paying about 4.5 to 5.25 % .
Good place to wait no state tax to pay, all done online . Now it looks it may be time to take the plunge shortly, but not yet for me.
StmarysCity79
Well-Known Member
Liar. youve been crying about the terrible economy under Biden and now you say wow. Thank god Trup crashed the eceonomy. Can't wait to pay X10 more for goods and services.
You are in a cult.
Sounds like you need to have your doctor up your risperidone dosage.
You are delusional at best sweetie, but very entertaining. How someone so misinformed gets on here and spouts drivel without facts, and lying about what someone says is amazing. My guess is that you are related to clem and razor boy. The same BS runs in your veins.
LtownTaxpayer
Well-Known Member
When you walk around with hammer, everything looks like a nail. Bless your heart.
P.S. You are getting shriller and shriller. Not a good look!
OccamsRazor
Well-Known Member
Nice... another month.. RENT FREE!
I don't mind calling you out, enjoy.Nice... another month.. RENT FREE!
StmarysCity79
Well-Known Member
A billionaire backer of Donald Trump has urged the US president to pause his recently announced trade tariffs, or risk "a self-induced, economic nuclear winter".
Amid market turmoil, hedge fund manager Bill Ackman said the president should take three months to allow countries to renegotiate their trading relationships with the US.
On Monday, Mr Ackman's warning was echoed by another prominent Wall Street figure, with JPMorgan Chase chairman Jamie Dimon saying that Trump's tariffs risked pushing up prices for Americans.
www.bbc.com
Amid market turmoil, hedge fund manager Bill Ackman said the president should take three months to allow countries to renegotiate their trading relationships with the US.
On Monday, Mr Ackman's warning was echoed by another prominent Wall Street figure, with JPMorgan Chase chairman Jamie Dimon saying that Trump's tariffs risked pushing up prices for Americans.
Billionaire Trump backer Bill Ackman warns of 'economic nuclear winter' over tariffs
Bill Ackman says the US president should pause his planned import taxes - or risk shattering investors' confidence.
OccamsRazor
Well-Known Member
LtownTaxpayer
Well-Known Member
Are these people worried about the long term effects on our economy and place in the world - or are they worried about their own wallets? This shake-up could mean that all their established methods of making money could be shaken up for the benefit of the entire USA. Lemmings.A billionaire backer of Donald Trump has urged the US president to pause his recently announced trade tariffs, or risk "a self-induced, economic nuclear winter".
Amid market turmoil, hedge fund manager Bill Ackman said the president should take three months to allow countries to renegotiate their trading relationships with the US.
On Monday, Mr Ackman's warning was echoed by another prominent Wall Street figure, with JPMorgan Chase chairman Jamie Dimon saying that Trump's tariffs risked pushing up prices for Americans.
Billionaire Trump backer Bill Ackman warns of 'economic nuclear winter' over tariffs
Bill Ackman says the US president should pause his planned import taxes - or risk shattering investors' confidence.
Ackman has been wrong more than razor boy! And that is saying something!
For SMC a Colonoscopy is the same as a Frontal Lobotomy. His head is so far up there.
CPUSA
Well-Known Member
So...you're squatting...much like homeless vagrants...