re: DJ down 550 today and over 1000 on the week, is it starting?

If I was within 5 years of retirement and heavily invested in stocks I might be worried. If not, who cares? As long as you don't have any money that you need right away invested, you should just watch it ride.

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If you’re five years from retirement and heavily invested in stocks, you should be moving away from equities right fricking now

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If you are retired and don't have enough money to tolerate a 50% market decline you probably should reduce equity exposure, otherwise if you keep a year or so normal living expenses in cash or money mark to act as a buffer during market downturns, I don't see any reason to not continue investing in equities during retirement.

Correct. If you are retired, you still need to maintain a sizeable market presence with your savings, as a hedge against inflation. Oh, and to generate a respectable income so you aren't drawing down the balance. Bonds and money market funds aren't going to cut it as your primary retirement investment. Just like younger investors, you can't bail on every market downturn...

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That's him!

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I just searched Rivers' post history and got taken back to a thread in 2010.

Lots of chuckles reading his posts. And a tear or two also. TheHiddenFlask posted in a lot of those threads.

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Is Rivers the same guy that talked shite about you around a month ago on the OT?

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Nah, that was "dabigfella." He went ballistic on me first in a thread he started here on the Money Board when he asked for opinions on TSLA.

I'd never really followed Tesla stock so I googled Tesla's financial statements and saw where it is losing money on every vehicle it sells and even worse, TSLA has issued new shares of stock (diluting current shareholders) or borrowed massive amounts of money EVERY YEAR just to pay its payroll and bills since Musk has owned TSLA.

So I gave my opinion, like dabigfella asked for, that I thought TSLA is a speculative stock.

I didn't say 'don't buy it.'

I just said it's speculative until TSLA can prove it can make a profit and that sometimes speculative stocks turn out to be good investments and sometimes they don't.

And I said speculative stocks are not for me.

He turned on me like a SJW on Donald Trump. Then he started making jokes about me owning XOM.

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because you basically ran them off.

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When some other posters agreed with me, dabigfella said he was going to boycott the Money Board since it has so many stupid people posting on it who don't agree with him about TSLA. He really threw a hissy fit and took his ball and went home.

Ironically, during Hurricane Harvey he was posting in a thread about the people who lost their homes and made fun of them. He said he lives in the Houston area and was really critical of people there who lost their homes and needed to be rescued.

He also said he raised prices beaucoup on gasoline at the convenience stores he owns to take advantage of the people needing gasoline with all the other gas stations flooded and that was in no way 'price gouging.'

Here is one post by him in that thread:

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You just dont go on the money board, im GOAT status on there with my investment advice.

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LINK

A sharp-eyed, really intelligent admin (Is there any other kind?) saw his posts and put him in timeout for a few months. LINK

OK that guy is an idiot and always has been so that makes sense.

Did he really create an off board group?

I avoided the MT or a few years because I felt like for a while it was overrun with stupid. I enjoy it again because there is a great balance here as of now on a variety of topics. Maybe his group of idiots and the bitcoin stuff being consolidated are both factors of that but this board is useful again with good information. I haven't felt that way about it since JerseyTiger and a few others left.

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Did he really create an off board group?

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I don't know. I haven't attempted to see if he did or not. Don't care, either.

dabigfella made a cameo appearance in the thread a few weeks ago when WikiTiger came back and posted a few gloats about BTC. Birds of a feather, I guess.....

I agree with most of the sentiment in this thread. An environment of telegraphed, steadily rising rates in response to stronger improving fundamentals isn't going to be enough to offset the overwhelmingly positive, synchronized global growth we are seeing right now. The only chink in the armor I've seen recently come up is consumer confidence has been on a minor 3-month decline, but it's already really elevated and near a recent peak. That, and South Africa's PMI has declined recently.

It's not like the Fed is going to start panicking to raise rates faster in response to some out of control inflation.

I would be more inclined to worry about any of those risks if interest rates were moving up significantly faster than they are now.

I eagerly await the Great Crash. As it happens I just finished selling stuff as part of a larger rebalance so I'm unusually cash-heavy at the moment. I will pray hard tonight that the Wilshire 5000 drops like a stone next week.