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Posted on 12/18/19 at 8:10 am to EastBankTiger
quote:Nobody can predict the market but if you don't think there will ever be a correction, you're a fricking idiot who isn't worth talking to.
I've been hearing about this upcoming "correction" for at least a couple of years now.
Care to tell me when it's going to happen, Nostradamus?
Posted on 12/18/19 at 8:24 am to TDsngumbo
Because everyone's is up, and they know everyone therefore will vote for his reelection.
Posted on 12/18/19 at 8:27 am to TDsngumbo
Same idea as "mussolini is ok because trains now run on time".
Posted on 12/18/19 at 8:27 am to TDsngumbo
My retirement account went down a whopping $0.0001 yesterday. OMG/ONOZ!
Posted on 12/18/19 at 8:29 am to thelawnwranglers
quote:
Dude you are having a year
Jr on the way
Man cave that needs naming
We beat Bama
401k killing
And this mfing Dems can't stand it
No shite!! 2019 has had its low points but overall it’s been a good one to me.
This post was edited on 12/18/19 at 8:30 am
Posted on 12/18/19 at 8:36 am to Henry Jones Jr
quote:
quote:
I've been hearing about this upcoming "correction" for at least a couple of years now.
Care to tell me when it's going to happen, Nostradamus?
Nobody can predict the market but if you don't think there will ever be a correction, you're a fricking idiot who isn't worth talking to.
Pretty interesting book on this topic you may want to check out. Tan Lieu - The Ponzi Factor. Basically if you look at it long term / on the whole - the average American has a very hard time gaining and maintaining wealth in the stock market.
A summary from an article is below, but well worth the read if you are into that kind of thing.
Former financier and current statistician Tan Liu, author of the recent book The Ponzi Factor: The Simple Truth About Investment Profits, explains how many of today's perpetually dividend-less companies traded on the public market are operating as ponzi schemes by definition.
As a result, a substantial amount of the market capitalization of our stock market is actually "phantom wealth" that doesn't truly exist. It will vaporize during the next financial crisis as investors prioritize cash flows in-hand over the promises of starry-eyed CEOs:
Posted on 12/18/19 at 8:38 am to Sneaky__Sally
quote:
the average American has a very hard time gaining and maintaining wealth in the stock market.
I must not be average lately.
Of course, the "average" American is a moron who carries balances on credit cards from month-to-month.
Posted on 12/18/19 at 8:41 am to TDsngumbo
but what about my FEELINGS?
Posted on 12/18/19 at 8:43 am to tarzana
quote:
I have no problem with this. It just needs to pay its fair share of taxes before it takes off.
What?
Posted on 12/18/19 at 8:44 am to TDsngumbo
quote:
29.5% return YTD. 29.5%!!!
That's great. So is mine! Now tell me what your return was in 2018.
It's easy to get excited over gains like this but you have to realize a number like that is not sustainable. 2017 saw something like 20% return. 2018 negated all of that because the market corrected. Don't be surprised if you see another market correction in 2019. I just hope a big China deal, USMCA, and other things will offset it.
Posted on 12/18/19 at 8:48 am to TDsngumbo
Just checked mine. 31%
Thank you, Mr. President.
Thank you, Mr. President.
Posted on 12/18/19 at 8:49 am to gthog61
quote:
quote:
the average American has a very hard time gaining and maintaining wealth in the stock market.
I must not be average lately.
Again, this is looking long term so by saying lately, you are missing the point of his hypothesis.
And if you have significant stock investments, etc. you are probably not average in the way this theory is presented.
Posted on 12/18/19 at 8:50 am to Sneaky__Sally
quote:The stock market is sexy and attractive to people because of Hollywood and there is money to be made, IF you have someone managing your investments that is an actual expert.
Former financier and current statistician Tan Liu, author of the recent book The Ponzi Factor: The Simple Truth About Investment Profits, explains how many of today's perpetually dividend-less companies traded on the public market are operating as ponzi schemes by definition.
As a result, a substantial amount of the market capitalization of our stock market is actually "phantom wealth" that doesn't truly exist. It will vaporize during the next financial crisis as investors prioritize cash flows in-hand over the promises of starry-eyed CEOs:
Problem is, people that think they know about trading because they read a book and got an E-Trade account don't know what the hell they are doing. They think they are just as much of an expert in the stock market as people who actually study and do the work for a living. And when they lose their money, they are stunned.
This post was edited on 12/18/19 at 8:52 am
Posted on 12/18/19 at 8:59 am to TDsngumbo
I'm going to go ahead and call bullshite.
While everyone's 401Ks are doing well, you would have to have a completely undiversified portfolio to get those numbers.
I'm up about 7% on the year with an 80/20 stock/bond mix.
While everyone's 401Ks are doing well, you would have to have a completely undiversified portfolio to get those numbers.
I'm up about 7% on the year with an 80/20 stock/bond mix.
Posted on 12/18/19 at 9:08 am to Henry Jones Jr
quote:
Problem is, people that think they know about trading because they read a book and got an E-Trade account don't know what the hell they are doing. They think they are just as much of an expert in the stock market as people who actually study and do the work for a living. And when they lose their money, they are stunned.
day traders are simply gamblers. might as well run to the casino.
Posted on 12/18/19 at 9:16 am to TDsngumbo
quote:
guess democrats believe that most American voters despise money.
29.5% return YTD. 29.5%!!!
Congratulations.
Impeachment has nothing to do with economics or if said President has influenced those economics.
It's about whether or not the charges presented are enough to meet the criteria of impeachment.
Nixon and Bill Clinton had strong supporters when they were undergoing impeachment. Im sure some people benefited from their presidencies.
Posted on 12/18/19 at 9:34 am to redneck hippie
quote:
I'm going to go ahead and call bullshite.
While everyone's 401Ks are doing well, you would have to have a completely undiversified portfolio to get those numbers.
I'm up about 7% on the year with an 80/20 stock/bond mix
Just checked mine....22.60%.
Also brought it up in a conversation with a buddy around several coworkers who are not Trump fans - but love their money.
I encouraged them all to look at their balances. You can lie to people and tell them how bad they have it for only so long.
Eyes are beginning to open.
Posted on 12/18/19 at 9:39 am to MAGA
I mentioned it to a liberal. He said I'm disgusting there are more important things than a 401k.
I told him I work my arse off everyday, so you damn right I want a good 401k.
He didn't say anything after that.
I told him I work my arse off everyday, so you damn right I want a good 401k.
He didn't say anything after that.
Posted on 12/18/19 at 9:40 am to TDsngumbo
Because all the Dims with a 401k/IRA believed Paul Krugman and Steve Rattner on election night in 2016 when they told their Dim Drone viewers the markets are trashed and it will take decades to recover.....pull your money from the markets, it's over. 
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