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Posted on 8/5/24 at 6:37 am to Landmass
quote:
we are all going to lose a shitload of money.
Sorry. Missing this drop. I’ve been in a treasury ETF since mid May. Salivating at another buy in opportunity now.
Posted on 8/5/24 at 6:40 am to Landmass
Wait till tomorrow. The smart money exited Friday, the rest of them today then Joe 6-pack tomorrow, which will be brutal.
Strap in!
Strap in!
Posted on 8/5/24 at 6:52 am to Locoguan0
quote:
New all-time high three weeks ago? This is what is called a correction.
The fake number is higher this week while everyone is leveraged to the hilt with credit card debt and living paycheck to paycheck. Literally a transmission or ac condenser away from insolvency
This is why I like rental property
Rather than donate money to a slush fund for pedocrat techno elites with the promise of “it go up”, I get my hands dirty farming tenants and harvest checks. It’s a return to an agrarian way of life.
This post was edited on 8/5/24 at 6:59 am
Posted on 8/5/24 at 7:01 am to Landmass
No debt folks finna eat.
Posted on 8/5/24 at 7:29 am to SlickRick55
quote:
You mean “coincidentally”.
Po-Tay-tow, Po-Tah-tow.
Posted on 8/5/24 at 7:36 am to Landmass
Kamala and Joe are making sure your 401k is getting unburdened from what has been
Posted on 8/5/24 at 7:39 am to Popths
quote:
Glad I have 2008 experience.
The 2000 experience was worse for me, frick all the dot com thieves.
Posted on 8/5/24 at 7:44 am to Landmass
We sold some stock in a taxable account to try and pay down mortgage and now not sure if we should just buy back lol
Posted on 8/5/24 at 7:50 am to stout
quote:
Kamala and Joe are making sure your 401k is getting unburdened from what has been
I mean, even after this most recent drop, I’m still up like 35% during the Biden presidency, but sure
Posted on 8/5/24 at 7:56 am to Joshjrn
quote:
I’m still up like 35% during the Biden presidency, but sure
Not when you account for how much less the dollar is worth now vs 3 years ago
Posted on 8/5/24 at 7:59 am to Joshjrn
quote:
I mean, even after this most recent drop, I’m still up like 35% during the Biden presidency, but sure
What a DA stat. if you're not up 50% since the COVID crash, you're a pathetically bad investor.
If FJB's ridiculous inflationary pandering policies had not been enacted, you're be up even more.
Posted on 8/5/24 at 8:04 am to Landmass
More FAR Right doom-casting now that DJT is no longer favored to win the election. Kamala will have the economy piping hot by 2026.
Posted on 8/5/24 at 8:10 am to stout
quote:
Not when you account for how much less the dollar is worth now vs 3 years ago
Which is a travesty that I blame both Trump and Biden for. Trump for massive covid spending combined with browbeating the Fed to keep rates artificially low. Biden for doubling down on the absurd spending. Though at least rates went up to compensate.
Posted on 8/5/24 at 8:14 am to Tiger Dan 16
quote:
Kamala will have the economy piping hot by 2026.
Posted on 8/5/24 at 8:26 am to Landmass
"Buy the rumor; sell the news" or "buy on bad news; sell on the good" were the old axioms.
However, the new mantra is diversity and balanced.
Just remember how it was in 2008. In January of 2009 it looked like the whole financial world had gone to hell but in March the markets took a meteoric climb up again but a real recovery often takes a while, and this time it was roughly 6 years.
Notice long stagnant periods too where there were long years of no growth.
However, the new mantra is diversity and balanced.
Just remember how it was in 2008. In January of 2009 it looked like the whole financial world had gone to hell but in March the markets took a meteoric climb up again but a real recovery often takes a while, and this time it was roughly 6 years.
Notice long stagnant periods too where there were long years of no growth.
Posted on 8/5/24 at 8:27 am to Landmass
quote:
we are all going to lose a shitload of money.
You do know you only lose if you sell during the selloff, right?
Posted on 8/5/24 at 8:27 am to Landmass
Who's "We?"
Not "Me!"
I don't play in the stock market so I don't give a frick
Not "Me!"
I don't play in the stock market so I don't give a frick
Posted on 8/5/24 at 8:27 am to Tiger Dan 16
quote:
More FAR Right doom-casting now that DJT is no longer favored to win the election. Kamala will have the economy piping hot by 2026.
DJT will mop up in November.
Posted on 8/5/24 at 8:29 am to kywildcatfanone
quote:
You do know you only lose if you sell during the selloff, right?
Easiest way to separate the classes is give them a choice....
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