(08-15-2023 08:24 AM)b0ndsj0ns Wrote:  

(08-15-2023 07:32 AM)TigerBlue4Ever Wrote:  

(08-15-2023 07:19 AM)b0ndsj0ns Wrote:  This is what encourages me more than anything with what's going on in this country. This type of thing used to literally only be a topic of the far left wing "Occupy Wallstreet" people, and now arguably just as many if not more people on the right have woken up to this corporate capture of everything in our lives.

I've long said that corporatism, and it's bed partner consumerism, is a far bigger problem than capitalism itself.

Capitalism is fine and a good thing as long as you understand it's limitations and don't expect capitalism to achieve things it's not designed to achieve. The fundamental end goal of capitalism is profit maximization. That's a great thing in markets with high competition and low barriers to entry and leads to innovation and growth. Where pure capitalism is not ideal is in areas where profit maximization comes at the expense of things we all agree are basic societal needs. We wouldn't want to have police and fire departments operating on a profit maximization model for example, no one except for the most out there libertarians actually want that.

Since the Obama administration, DC has given up on anti-trust. And on stopping practices to limit entry.

The Democrats now control the biggest corporations so they will not regulate them. Republicans tend to be laissez faire so they don't regulate much either.

(08-15-2023 06:30 PM)bullet Wrote:  The Democrats now control the biggest corporations so they will not regulate them. Republicans tend to be laissez faire so they don't regulate much either.

You got that completely backwards hoss. Trump ran on deregulation and passed an EO that biden had to resend that required removing two regulations for every new regulation.

https://www.forbes.com/sites/waynecrews/...-2020/amp/

All (maybe most is more fair) of these disasters are planned. Just like the BLM rioting in the Northwest. Entire city blocks are burned, property values plummet, then the predators swoop in to buy it up. It's happening all over the place, and not just in this country.

(08-15-2023 08:36 AM)U_of_Elvis Wrote:  

(08-15-2023 07:57 AM)BartlettTigerFan Wrote:  

(08-15-2023 07:47 AM)U_of_Elvis Wrote:  

(08-15-2023 07:42 AM)BartlettTigerFan Wrote:  

(08-15-2023 07:34 AM)mlb Wrote:  So how do you fix this? They own both political parties.

Elvis says it doesn't need fixed. He's fine with being ruled.

Not my fault you don’t own investments.

Not my fault you're ignorant. I have a portfolio that I manage myself. It's MINE, I don't pay anyone to take care of it. Now go get another jab so you'll feel better.

So you don’t have any mutual funds, index funds, or ETFs? How’s that working out for you…

Working great for me! Just saying

(08-16-2023 10:43 AM)BlueDragon Wrote:  Working great for me! Just saying

Prog filth like Elvis have no imagination. They just do what they're told.

(08-16-2023 10:43 AM)BlueDragon Wrote:  

(08-15-2023 08:36 AM)U_of_Elvis Wrote:  

(08-15-2023 07:57 AM)BartlettTigerFan Wrote:  

(08-15-2023 07:47 AM)U_of_Elvis Wrote:  

(08-15-2023 07:42 AM)BartlettTigerFan Wrote:  Elvis says it doesn't need fixed. He's fine with being ruled.

Not my fault you don’t own investments.

Not my fault you're ignorant. I have a portfolio that I manage myself. It's MINE, I don't pay anyone to take care of it. Now go get another jab so you'll feel better.

So you don’t have any mutual funds, index funds, or ETFs? How’s that working out for you…

Working great for me! Just saying

And you are surely diversified…just matching the diversity of an SP500 fund (much less a total stock like VTSAX) in individual stocks would be an incredible amount of overhead and have a massive step in cost vs buying a fund like VTSAX for .04 in fees per year. $400 in fees per year on $1M invested to deliver diversity and ease of management. It’s a no brainer.

Individual stock picks have a place in overall portfolios for some people, but not in a core retirement position. Some version of low cost index funds or ETFs should be in everyone’s portfolio in their core retirement account to provide diversity. Hell, you have to go out of your way with brokerage link to even hold individual stocks in 401k.

Anyone who is against index funds because of BS political propaganda like the above video is cutting off their nose to slide their face.

One could argue that making a fortune off the backs of productive members of society is immoral. Especially if said person is a liberal.


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(08-16-2023 12:27 PM)WalkThePlank Wrote:  One could argue that making a fortune off the backs of productive members of society is immoral. Especially if said person is a liberal.


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One could argue that investing so you have a retirement (which every American should be doing) isn’t making a fortune off of the backs of productive members of society. It’s being a productive member of society who is prepared to take care of themselves in retirement.

Average American expenditures in retirement in say Kansas are 66k a year, average Social Security is 1600 a month. Let’s say between both people you have 3000 a month in Social Security. That leaves a gap of 3000 a month, if you were buying a single premium immediate annuity to pay 3k a month you need 557,000 at age 65 to pay the premium.

That means the average American couple needs to save $250 a month at a 7% inflation adjusted rate of return or $400 at a 5% inflation adjusted rate of return from the age of 25 to 65 to have 600k to buy that annuity. 600k sounds like a lot of money, 3000 a month doesn’t really sound like a lot of money. That’s what 600k is worth.

Index funds or ETFs in a tax advantaged account is the right way for that average Kansan to invest to get that 600k, it’s the cheapest way to build a diversified portfolio. If you think that average American looking out for their retirement is “making a fortune off of the backs of productive Americans” is tells me you don’t know how the world works.

(08-16-2023 03:08 PM)U_of_Elvis Wrote:  

(08-16-2023 12:27 PM)WalkThePlank Wrote:  One could argue that making a fortune off the backs of productive members of society is immoral. Especially if said person is a liberal.


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One could argue that investing so you have a retirement (which every American should be doing) isn’t making a fortune off of the backs of productive members of society. It’s being a productive member of society who is prepared to take care of themselves in retirement.

Average American expenditures in retirement in say Kansas are 66k a year, average Social Security is 1600 a month. Let’s say between both people you have 3000 a month in Social Security. That leaves a gap of 3000 a month, if you were buying a single premium immediate annuity to pay 3k a month you need 557,000 at age 65 to pay the premium.

That means the average American couple needs to save $250 a month at a 7% inflation adjusted rate of return or $400 at a 5% inflation adjusted rate of return from the age of 25 to 65 to have 600k to buy that annuity. 600k sounds like a lot of money, 3000 a month doesn’t really sound like a lot of money. That’s what 600k is worth.

Index funds or ETFs in a tax advantaged account is the right way for that average Kansan to invest to get that 600k, it’s the cheapest way to build a diversified portfolio. If you think that average American looking out for their retirement is “making a fortune off of the backs of productive Americans” is tells me you don’t know how the world works.

Yeah no ****. I’m mocking libs that claim to care about poor people when they manipulate the market and want to maximize their own profits, just like every other person in the country.


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The government got just what it wanted with the invention of the IRA. Control of your money.

Not mine, no IRAs here.

(08-16-2023 04:59 PM)BartlettTigerFan Wrote:  Not mine, no IRAs here.

A Republican planning to leech off of government welfare? The shame.

(08-16-2023 04:24 PM)Claw Wrote:  The government got just what it wanted with the invention of the IRA. Control of your money.

How exactly would the government control your money in an IRA or a 401k? Outside of providing tax incentives for Americans to save for retirement, and taxing it at withdrawal they aren’t really involved in the process.

(08-16-2023 05:21 PM)U_of_Elvis Wrote:  

(08-16-2023 04:59 PM)BartlettTigerFan Wrote:  Not mine, no IRAs here.

A Republican planning to leech off of government welfare? The shame.

I will get a pension and social security eventually, and I have plenty to live off besides that. You continue to pigeonhole everyone. Stick your IRAs where the sun don't shine little man.

(08-16-2023 08:16 PM)BartlettTigerFan Wrote:  

(08-16-2023 05:21 PM)U_of_Elvis Wrote:  

(08-16-2023 04:59 PM)BartlettTigerFan Wrote:  Not mine, no IRAs here.

A Republican planning to leech off of government welfare? The shame.

I will get a pension and social security eventually, and I have plenty to live off besides that. You continue to pigeonhole everyone. Stick your IRAs where the sun don't shine little man.

Social Security = living off the government.

Hopefully you aren’t teaching your kids your hate of 401Ks, IRAs, and Index funds. Pensions are only an option for a minute amount of people entering the workforce now. You seem to be planning on being taken care of by other people (your employer, the government) but younger people need to take control of their own retirement. Not leveraging tax advantaged accounts to do so would be ignorant and simply leaving cash money on the table.

(08-15-2023 05:39 AM)TigerBlue4Ever Wrote:  It's those same 3 entities who are buying up real estate by the droves. Home ownership, such as it is, has always been an illusion and is becoming a thing of the past. These companies buy up distressed properties, rehab them and then rent them out or they buy up whole unfinished planned neighborhoods to finish them and...you guessed it, rent them out.

"You will own nothing and be happy".

Hell, our entire world is ruled by a minute fraction of a percentage of the population in whose possession resides the bulk of the worlds wealth.

Where's Teddy Roosevelt (by far the better Roosevelt) when you need him? Antitrust.

(08-16-2023 09:12 PM)U_of_Elvis Wrote:  

(08-16-2023 08:16 PM)BartlettTigerFan Wrote:  

(08-16-2023 05:21 PM)U_of_Elvis Wrote:  

(08-16-2023 04:59 PM)BartlettTigerFan Wrote:  Not mine, no IRAs here.

A Republican planning to leech off of government welfare? The shame.

I will get a pension and social security eventually, and I have plenty to live off besides that. You continue to pigeonhole everyone. Stick your IRAs where the sun don't shine little man.

Social Security = living off the government.

Hopefully you aren’t teaching your kids your hate of 401Ks, IRAs, and Index funds. Pensions are only an option for a minute amount of people entering the workforce now. You seem to be planning on being taken care of by other people (your employer, the government) but younger people need to take control of their own retirement. Not leveraging tax advantaged accounts to do so would be ignorant and simply leaving cash money on the table.

Not when your ass has worked since you were legal and paid into it every damn year, when it was set up to be a mandated savings plan assigned to the individual paying into the account. Now what has happened since the Great Society Program of LBJ barrowed against it for giveaways is in on the left and your crowd. Those who don't pay into it and manage to draw disability from it for being too fat, or losing eyesight from diabetes, or some other such matter, they are freeloading. I don't mind if we have a program for those folks, but it shouldn't be SSI paying it out unless they've qualified on years paying in. But that's on your ilk, not mine. I give the largest portion of mine to charity. Pension is what I mostly depend upon and a big fat Roth IRA I cashed in so I could payoff the home before retirement. The best retirement plan consists of about a quarter of all assets in liquid form and the rest in physical form and that connected to zero debt. Debt is bondage! And I would also add adequate insurance across the board is a major plus as well. And I paid both halves of my social security.

(08-16-2023 09:12 PM)U_of_Elvis Wrote:  

(08-16-2023 08:16 PM)BartlettTigerFan Wrote:  

(08-16-2023 05:21 PM)U_of_Elvis Wrote:  

(08-16-2023 04:59 PM)BartlettTigerFan Wrote:  Not mine, no IRAs here.

A Republican planning to leech off of government welfare? The shame.

I will get a pension and social security eventually, and I have plenty to live off besides that. You continue to pigeonhole everyone. Stick your IRAs where the sun don't shine little man.

Social Security = living off the government.

Hopefully you aren’t teaching your kids your hate of 401Ks, IRAs, and Index funds. Pensions are only an option for a minute amount of people entering the workforce now. You seem to be planning on being taken care of by other people (your employer, the government) but younger people need to take control of their own retirement. Not leveraging tax advantaged accounts to do so would be ignorant and simply leaving cash money on the table.

Social security: forced confiscation of income created by leftists to socially engineer society

And it’s almost gone too. Just as predicted, the government cannot create prosperity forever. You’ve been duped. You vote for the party that undermines the middle class and takes away 40% of their labor. Congrats


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