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re: Interesting Friday on Wall Street...

Posted on 8/2/24 at 9:40 am to
Posted by lynxcat
Member since Jan 2008
25013 posts
Posted on 8/2/24 at 9:40 am to
How is your brokerage different from a retirement account. Is it also not another form of retirement account?
Posted by tylerlsu2008
Monaco
Member since Jul 2015
1514 posts
Posted on 8/2/24 at 9:43 am to
quote:

How is your brokerage different from a retirement account. Is it also not another form of retirement account?


401k / IRA (ie deferred tax retirement). Some of this money also isn’t able to be traded easily intraday

Brokerage — all non-retirement money for a home / etc in future. Cash / ETFs and easily tradable
Posted by PinevilleTiger
Pineville, LA
Member since Sep 2005
6357 posts
Posted on 8/2/24 at 9:54 am to
Kamala sure can’t win now that Powell has set us on a course for a major recession or mild depression
Posted by el Gaucho
He/They
Member since Dec 2010
58485 posts
Posted on 8/2/24 at 10:00 am to
quote:

Kamala sure can’t win now that Powell has set us on a course for a major recession or mild depression

I know that this board is probably high income and tends to be rather aloof but the recession for normal people has been going on since mid 2023. The sound you hear as the market goes up is income inequality
This post was edited on 8/2/24 at 5:01 pm
Posted by masoncj
Atlanta
Member since Jun 2023
602 posts
Posted on 8/2/24 at 10:17 am to
If there is any silver lining to this is that hopefully it will help refocus the election on the economy

Trump wins if that happens
Posted by lynxcat
Member since Jan 2008
25013 posts
Posted on 8/2/24 at 10:19 am to
Interesting. I don’t ever think about my brokerage as anything other than long-term savings excess of what can be invested in tax advantaged accounts.
Posted by lynxcat
Member since Jan 2008
25013 posts
Posted on 8/2/24 at 10:19 am to
Silver lining? It’s a couple days of down results. Markets need to have down days to be healthy.

These days in August will have zero impact on the Presidential election in November.
This post was edited on 8/2/24 at 10:21 am
Posted by Paul Allen
Montauk, NY
Member since Nov 2007
77766 posts
Posted on 8/2/24 at 10:32 am to
Good for you.
Posted by masoncj
Atlanta
Member since Jun 2023
602 posts
Posted on 8/2/24 at 10:47 am to
Keeping think that

Reagan
Clinton
Obama

All say hello

If you can’t admit that a down economy is detrimental to an incumbent ticket I can’t help you
This post was edited on 8/2/24 at 10:50 am
Posted by hnds2th
Member since May 2019
3096 posts
Posted on 8/2/24 at 11:15 am to
(no message)
This post was edited on 8/2/24 at 12:36 pm
Posted by lynxcat
Member since Jan 2008
25013 posts
Posted on 8/2/24 at 11:17 am to
Why is this political BS on the MTB.

And no shite, a poor economy reflects poorly on the current administration.
Posted by thegreatboudini
Member since Oct 2008
7092 posts
Posted on 8/2/24 at 11:29 am to
quote:

Any chance this is intentional, in case Trump wins, to saddle him with bad economy?




Some of you people need to go outside and touch some grass.
Posted by VABuckeye
NOVA
Member since Dec 2007
38283 posts
Posted on 8/2/24 at 11:36 am to
quote:

Why is this political BS on the MTB.


This site has more tin foil hat wearing fricks than any other I've ever seen.
Posted by masoncj
Atlanta
Member since Jun 2023
602 posts
Posted on 8/2/24 at 12:09 pm to
Politics and economy/money are intertwined and it’s an election year.

Move this to the political board if you want

Still doesn’t change the facts
Posted by Art Blakey
Member since Aug 2023
287 posts
Posted on 8/2/24 at 4:13 pm to
quote:


I know that this board is probably high income and tends to be rather aloof but the recession for normal people has been going on since mid 2023 for normal people. The sound you hear as the market goes up is income inequality


Jeff Snyder calls everything post GFC a silent depression. There are now two classes of people, asset owners and tenants.
Posted by Rabt
Member since Jan 2021
37 posts
Posted on 8/3/24 at 4:36 pm to
What a down draft...!!! Its been a bit over due.

In anticipation of a roll over I sold a large amount of my S&P positions on July 19th and took profits. So far that looks like a good move. At the same time I put in a buy order to get back in at a 10% lower price. I'm half way there as of Friday, 8/2. Bought two fixed income at 5.0+% and am buying into Private Equity next week.

Time will tell if I'm doing the right thing.
Posted by notiger1997
Metairie
Member since May 2009
61276 posts
Posted on 8/3/24 at 4:45 pm to
So we had two pretty bad days with the market and suddenly there are a ton of knew MT posters spouting the doom and gloom stuff.

I'm not surprised.
Posted by fallguy_1978
Best States #50
Member since Feb 2018
53093 posts
Posted on 8/3/24 at 5:03 pm to
I think it's probably more the economic indicators than the market.

Rising unemployment, albeit from a low level, comments from companies like Amazon, Delta and McDonald's that the consumer is pulling back, fairly weak manufacturing data.
Posted by tigerbacon
Arkansas
Member since Aug 2010
4491 posts
Posted on 8/3/24 at 5:11 pm to
I put more money in every Tuesday. Like clock work. Even after the last week still up over 20% since January.
Posted by fallguy_1978
Best States #50
Member since Feb 2018
53093 posts
Posted on 8/3/24 at 5:18 pm to
Yeah, I'm nearly 100% invested. I don't put money in the market that I'm planning to need in the next 5 years.
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