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Started By
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re: Who is going to be watching the ticker all day?
Posted on 12/19/18 at 1:20 pm to Shepherd88
Posted on 12/19/18 at 1:20 pm to Shepherd88
Gotcha. That should be good news for the market.
0
Posted on 12/19/18 at 1:20 pm to LSURussian
Yep quite the incestrous relationship between the Fed, the banks and the gov. They are our overlords in this system for now. The politicians work directly for them since they control it all with the money spigot. This guy was quite the wise old sage and NAILS IT:
LINK
LINK
Posted on 12/19/18 at 1:26 pm to Hussss
quote:Wrong again, Kemo Sabe.
Your SS# or tax ID# is their collateral on you. Before the FED, there were NO INCOME TAXES.
The federal government imposed an income tax on all income earners in 1865 to pay for the costs of the U.S. Civil War. The tax was repealed in 1872.
Congress passed a second Income Tax Act in 1894. However that tax was short lived as the U.S. Supreme Court ruled in 1895 that the income tax was not constitutional because the revenue it raised had to be "proportional to state populations."
Congress responded to that ruling by passing the 16th Amendment to the Constitution in 1909 which authorized a federal tax on incomes without regard to state populations. It was finally ratified by the required three-fourths of the states on February 3, 1913.
The Federal Reserve didn't come into existence until December 23, 1913.
And Social Security numbers didn't come into existence until 1935.
Maybe you should try knowing what you're talking about before your obvious ignorance is revealed to everyone.
This post was edited on 12/19/18 at 1:34 pm
Posted on 12/19/18 at 1:28 pm to Hussss
quote:Is that your way of admitting you were wrong?
Yep quite the incestrous (sic) relationship between the Fed, the banks and the gov.
Posted on 12/19/18 at 1:53 pm to bayoubengals88
quote:
that was a short lived sell off.
Posted on 12/19/18 at 1:58 pm to LSURussian
frick this dude.
Posted on 12/19/18 at 2:03 pm to UpstairsComputer
Yeah frick Jerome powell. This whole stock market fall is about interest rates. The media will make you blv it's the trade war
Posted on 12/19/18 at 2:04 pm to LSURussian
Posted on 12/19/18 at 2:04 pm to RunningBlake
Wow, I decided to cut my equity position in half this morning to ride this thing out for a while. One of the few times that I have had good timing. Hopefully I can do as well on reentry.
Posted on 12/19/18 at 2:27 pm to mule74
I had been meaning to cut some on my positions in September and I dragged my feet...basically a -15% impact in under three months 
Hijack:
How does the board think about the right time to realize losses to offset federal taxes? Let's assume a 25% marginal rate so $3000 of losses yields $750 in tax savings. It seems like the move is to realize the "guaranteed returns" of the tax savings and then reinvest those savings back into the market?
Hijack:
How does the board think about the right time to realize losses to offset federal taxes? Let's assume a 25% marginal rate so $3000 of losses yields $750 in tax savings. It seems like the move is to realize the "guaranteed returns" of the tax savings and then reinvest those savings back into the market?
Posted on 12/19/18 at 2:32 pm to lynxcat
You have any mutual funds? And if so are they paying cap gains?
That’s what is gonna be fun this year, having a negative portfolio and mutual funds paying large cap gains at the same time.
That’s what is gonna be fun this year, having a negative portfolio and mutual funds paying large cap gains at the same time.
Posted on 12/19/18 at 6:13 pm to Shepherd88
looks like the Robinhood gamble on the yield spread to offer 3% savings just got a little easier
Posted on 12/19/18 at 7:04 pm to Shankopotomus
Yea its interesting. I wonder when the last time cash actually outperformed treasury bonds and equities in a year.
Posted on 12/19/18 at 7:09 pm to Shankopotomus
quote:How so? The 30 year bond rate fell today. It’s now earning 3.009%. RH would have a spread of 9/1000 of a percent.
looks like the Robinhood gamble on the yield spread to offer 3% savings just got a little easier
Eta: The 30 yr yield just fell to 2.997%.
This post was edited on 12/19/18 at 8:07 pm
Posted on 12/19/18 at 8:33 pm to LSURussian
No shite?
Eeeeeven better
(There was sarcasm in my OP, btw)
Eeeeeven better
(There was sarcasm in my OP, btw)
Posted on 12/19/18 at 8:47 pm to Shankopotomus
Sorry. The sarcasm eluded me.
Posted on 12/19/18 at 9:18 pm to Shepherd88
quote:
That’s what is gonna be fun this year, having a negative portfolio and mutual funds paying large cap gains at the same time.
I somewhat cringed at this thought yesterday, don't plan to harvest losses yet though.
Posted on 12/19/18 at 9:25 pm to Shepherd88
quote:
Yea its interesting. I wonder when the last time cash actually outperformed treasury bonds and equities in a year.
I suggested this in a few threads a few months ago and was ridiculed, were I a bigger arse than I am I would bump them.
Picked up some short term (90 day) CD's in late September that are looking pretty sweet right now for purchasing equities in the next few weeks despite being told they were "shite covered shite" on this board at the time.
Posted on 12/19/18 at 9:35 pm to Hussss
quote:
They fleece the masses through the silent kill shot called inflation, hence why the dollar has lost most of its purchasing power and the reason most moms can no longer be homemakers and more and more seniors are having to work longer to make ends meet.
That's pretty funny.
Do you seriously think people stash money in their mattresses to lose value?
Most of these poor moms and seniors are poor because they never had many dollars to start with, not because they had lots of dollars stashed away that lost value to inflation.
Posted on 12/19/18 at 9:38 pm to LSURussian
quote:
LSURussian
Good work. Unfortunately it's wasted, since fools are nearly always too ignorant to realize they are fools.
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