Just checked my 401K this morning. KaBOOOOM!!!!!!!!
I'm just posting before one of the Debbie Downers try to work their magic.
Oooooh, I'll bet that's burning the Demons...more. When Bite'em and Kam start harping about our bad economy all that Trump has to do is give them this news. Even with our Chiflu the economy is keeping on truckin'.
Yes good for the 401k but this has very little to do with most Americans right now. The same was said by most of you during the Obama admin.
Stock market and Main Street 2 radically different things.
(08-13-2020 12:47 PM)DragonLair Wrote: [ -> ]Yes good for the 401k but this has very little to do with most Americans right now. The same was said by most of you during the Obama admin.
Stock market and Main Street 2 radically different things.
Here's a Debbie Downer now.
(08-13-2020 12:47 PM)DragonLair Wrote: [ -> ]Yes good for the 401k but this has very little to do with most Americans right now. The same was said by most of you during the Obama admin.
Stock market and Main Street 2 radically different things.
take a wild guess who the market is betting on in Nov...
oh yeah, how is AMZN and AAPL since MAR........yeah, I'm on record too, debbie....
losing sucks donkey balls, Ja?!!!
lmmfao at dipshites. ..
(08-13-2020 12:47 PM)DragonLair Wrote: [ -> ]Yes good for the 401k but this has very little to do with most Americans right now. The same was said by most of you during the Obama admin.
Stock market and Main Street 2 radically different things.
I believe over half of Americans have some investment in retirement accounts so, yes, this has a lot to do with a lot of Americans right now.
(08-13-2020 12:47 PM)DragonLair Wrote: [ -> ]Yes good for the 401k but this has very little to do with most Americans right now.
bullsh*t. Just because some of yall decided to remain unskilled and work for small time pay doesnt mean most of america does.
Quote:The same was said by most of you during the Obama admin.
Stock market and Main Street 2 radically different things.
WHt we said was that Obama was not responsible for the bounce back in the stock market. THe recovery had taken pace PRIOR to any of his business stifling agenda getting passed. THe reason the stock market never gained much more under Obama than it had under Bush is because of Obama's policies. THen, along comes Trump and his magic wand, and abrafuckingcadabra and we have this.
(08-13-2020 01:26 PM)UofMstateU Wrote: [ -> ] (08-13-2020 12:47 PM)DragonLair Wrote: [ -> ]Yes good for the 401k but this has very little to do with most Americans right now.
bullsh*t. Just because some of yall decided to remain unskilled and work for small time pay doesnt mean most of america does.
Quote:The same was said by most of you during the Obama admin.
Stock market and Main Street 2 radically different things.
WHt we said was that Obama was not responsible for the bounce back in the stock market. THe recovery had taken pace PRIOR to any of his business stifling agenda getting passed. THe reason the stock market never gained much more under Obama than it had under Bush is because of Obama's policies. THen, along comes Trump and his magic wand, and abrafuckingcadabra and we have this.
So if the economy and Stock market were so strong when Obama left office than one would think there wouldn't have been much of a rise in stock market values during Trumps first term. But no. It is continuing to go up and break records under Trump and Trump didn't come in during a Recession like Obama did. So one would HOPE the markets would have increased after a Recssion, right? What a terrible argument. It had no where to go but up with Obama.
(08-13-2020 01:43 PM)Eagleaidaholic Wrote: [ -> ] (08-13-2020 01:26 PM)UofMstateU Wrote: [ -> ] (08-13-2020 12:47 PM)DragonLair Wrote: [ -> ]Yes good for the 401k but this has very little to do with most Americans right now.
bullsh*t. Just because some of yall decided to remain unskilled and work for small time pay doesnt mean most of america does.
Quote:The same was said by most of you during the Obama admin.
Stock market and Main Street 2 radically different things.
WHt we said was that Obama was not responsible for the bounce back in the stock market. THe recovery had taken pace PRIOR to any of his business stifling agenda getting passed. THe reason the stock market never gained much more under Obama than it had under Bush is because of Obama's policies. THen, along comes Trump and his magic wand, and abrafuckingcadabra and we have this.
So if the economy and Stock market were so strong when Obama left office than one would think there wouldn't have been much of a rise in stock market values during Trumps first term. But no. It is continuing to go up and break records under Trump and Trump didn't come in during a Recession like Obama did. So one would HOPE the markets would have increased after a Recssion, right? What a terrible argument. It had no where to go but up with Obama.
The sad thing is that Obama could have had his head chiseled on Rushmore had he simpy not done anything. THe market would have been sitting at about 23K, economy humming along, etc. Instead, he put in a ton of regulations, infected us with Obamacare, and spied on an incoming campaign. Nice legacy.
(08-13-2020 01:04 PM)VA49er Wrote: [ -> ] (08-13-2020 12:47 PM)DragonLair Wrote: [ -> ]Yes good for the 401k but this has very little to do with most Americans right now. The same was said by most of you during the Obama admin.
Stock market and Main Street 2 radically different things.
I believe over half of Americans have some investment in retirement accounts so, yes, this has a lot to do with a lot of Americans right now.
Read a good article recently about how investing in the stock market has gone from maintaining wealth/getting rich to a necessity for every middle class American.
Outside of 401k, IRAs, etc. most of the platforms are commission free now as well.
It may take some personal time to learn the basics, but it's pretty basic to beat inflation 2% with just basic S&P 8-10% average over the long term. Get more experience and you can make serious returns with just a few smart choices.
Yeah most American's are in debt (choices), don't want to take time to learn (choices), or have made poor experiences (usually emotional investing) and therefore complain that the market is only for the Big Banks etc. While true the market helps rich people and corporations get richer, it can be a big positive for us little guy individual investors if done properly.
(08-13-2020 02:49 PM)natibeast21 Wrote: [ -> ] (08-13-2020 01:04 PM)VA49er Wrote: [ -> ] (08-13-2020 12:47 PM)DragonLair Wrote: [ -> ]Yes good for the 401k but this has very little to do with most Americans right now. The same was said by most of you during the Obama admin.
Stock market and Main Street 2 radically different things.
I believe over half of Americans have some investment in retirement accounts so, yes, this has a lot to do with a lot of Americans right now.
Read a good article recently about how investing in the stock market has gone from maintaining wealth/getting rich to a necessity for every middle class American.
Outside of 401k, IRAs, etc. most of the platforms are commission free now as well.
It may take some personal time to learn the basics, but it's pretty basic to beat inflation 2% with just basic S&P 8-10% average over the long term. Get more experience and you can make serious returns with just a few smart choices.
Yeah most American's are in debt (choices), don't want to take time to learn (choices), or have made poor experiences (usually emotional investing) and therefore complain that the market is only for the Big Banks etc. While true the market helps rich people and corporations get richer, it can be a big positive for us little guy individual investors if done properly.
Lots of people are simply financially illiterate. I've worked with folks making triple figures that didn't invest in their 401k. That is throwing away free money. Now, they may have invested in other things, but I'll never understand ignoring a free return on investment.
(08-13-2020 12:14 PM)gdunn Wrote: [ -> ]I'm just posting before one of the Debbie Downers try to work their magic.
And I'll simply quote this since I'm late to the game, here.
(08-13-2020 12:47 PM)DragonLair Wrote: [ -> ]Yes good for the 401k but this has very little to do with most Americans right now. The same was said by most of you during the Obama admin.
Stock market and Main Street 2 radically different things.
You don't think people on Main St have 401k's or other retirement vehicles? And it has everything to do with most ALL Americans.
More wealth = more spending (generally speaking), more spending = more jobs, more jobs = more people working, more people working = more people with money to save and perhaps invest.
Rising tide lifts all boats.
I hate hypocrisy on both sides. The stock markets is doing fine for me now. I have a job that is nearly recession proof (have to love the water/wastewater business). I’m just saying that most Americans can not use any of these gains right now to help them. Sure it’s great for when they retire but right now it doesn’t help. Also I’m not saying that the Democrats would do any better. I actually think it would be much worse.
I just remember when redtom and johnnynumbers would post this kind of thing y’all would go ape nuts.
(08-13-2020 01:04 PM)VA49er Wrote: [ -> ] (08-13-2020 12:47 PM)DragonLair Wrote: [ -> ]Yes good for the 401k but this has very little to do with most Americans right now. The same was said by most of you during the Obama admin.
Stock market and Main Street 2 radically different things.
I believe over half of Americans have some investment in retirement accounts so, yes, this has a lot to do with a lot of Americans right now.
And many of those who don't have investments in the Stock or bond market for whatever reason, often have their largest single investment in their homes. Buy the home, raise a couple kids, house appreciates over a couple/few decades, own it outright. Retire, sell the place for a couple hundred grand or more, downsize and live off SS and the proceeds from the house sale.
markets or economy? That house doesn't appreciate as quickly and doesn't sell well.
It's ALLLLL intertwined.
(08-13-2020 03:29 PM)DragonLair Wrote: [ -> ]I hate hypocrisy on both sides. The stock markets is doing fine for me now. I have a job that is nearly recession proof (have to love the water/wastewater business). I’m just saying that most Americans can not use any of these gains right now to help them. Sure it’s great for when they retire but right now it doesn’t help. Also I’m not saying that the Democrats would do any better. I actually think it would be much worse.
I just remember when redtom and johnnynumbers would post this kind of thing y’all would go ape nuts.
I personally don't try to garner short term market gains as I'm only in retirement accounts. I don't have the time nor energy to constantly research company financials in order to make an educated guess as to what individual stocks to buy. Heck, IMO, I'd be better off heading to Vegas and putting all my space money on black than trying to pick individual stocks.
(08-13-2020 03:29 PM)DragonLair Wrote: [ -> ]I hate hypocrisy on both sides. The stock markets is doing fine for me now. I have a job that is nearly recession proof (have to love the water/wastewater business). I’m just saying that most Americans can not use any of these gains right now to help them. Sure it’s great for when they retire but right now it doesn’t help. Also I’m not saying that the Democrats would do any better. I actually think it would be much worse.
I just remember when redtom and johnnynumbers would post this kind of thing y’all would go ape nuts.
much better posit...
the only move on the chess board as an individual is long term planning relative to how the USD retains value over time for the masses......
the dippos want the opposite....
if ya can't see that aspect, I cannot help....