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re: My retirement account is up 29.5% YTD - Why is Trump getting impeached???
Posted on 12/18/19 at 9:42 am to TDsngumbo
Posted on 12/18/19 at 9:42 am to TDsngumbo
This is a great question, I think many of us are in a similar situation and I don’t think people who are cognizant of this fact vote against him.
0
Posted on 12/18/19 at 9:48 am to TDsngumbo
quote:
Why is Trump getting impeached???
because 6 months before he was elected, he suggested someone should look for Hillary's emails....and years before he thought of running for president, he said "grab 'em in the pussy"
Posted on 12/18/19 at 9:57 am to TDsngumbo
My mutual fund stocks are only up 20%.
But my 4 major blue chips are up 31%.
I tell my wife that we are barely breaking even so she will only order from Amazon.com once a day instead of twice.
But my 4 major blue chips are up 31%.
I tell my wife that we are barely breaking even so she will only order from Amazon.com once a day instead of twice.
Posted on 12/18/19 at 10:00 am to TDsngumbo
Making bank on the 401k and Gold bullion.
It's silly really
It's silly really
Posted on 12/18/19 at 10:20 am to TDsngumbo
Damn. I'm only at 15%. What are y'all in that I'm not?
I'm almost all Vanguard Funds
I'm almost all Vanguard Funds
Posted on 12/18/19 at 10:20 am to Chillini
quote:
There is more to the presidency than just the economy. My 401k has loved Trump though.
There is no freedom without economic self-sufficiency
Posted on 12/18/19 at 10:22 am to TDsngumbo
I'll tell you why I'll vote against him next election, as of today. For the record, I think the impeachment is a crock of shite and our nation will struggle to recover from it.
2 big campaign promises have been broken. The expansion of debt is the biggest one. Your 29.5% up doesn't mean anything until you are ready to cash out. The massive debt bubble being blown will destroy us older folks, who don't have time to recover from a prolonged recession, which is likely to happen during or after his second term.
The second is the promise to reduce medical costs. I realize the headwinds that he has faced, but regardless, cost reduction hasn't happened yet. Those costs tie in to the expansion of debt noted above.
I will vote against any President that doesn't make headway in those two areas. No, I will not vote Democrat, ever, so it will be a third party vote for me unless something changes in the next 11 months.
2 big campaign promises have been broken. The expansion of debt is the biggest one. Your 29.5% up doesn't mean anything until you are ready to cash out. The massive debt bubble being blown will destroy us older folks, who don't have time to recover from a prolonged recession, which is likely to happen during or after his second term.
The second is the promise to reduce medical costs. I realize the headwinds that he has faced, but regardless, cost reduction hasn't happened yet. Those costs tie in to the expansion of debt noted above.
I will vote against any President that doesn't make headway in those two areas. No, I will not vote Democrat, ever, so it will be a third party vote for me unless something changes in the next 11 months.
Posted on 12/18/19 at 10:23 am to NorthEnd
quote:
Damn. I'm only at 15%. What are y'all in that I'm not? I'm almost all Vanguard Funds
I have never had funds that outperform my individual stocks that I buy direct without a broker.
Posted on 12/18/19 at 10:27 am to whocares1
quote:
2 big campaign promises have been broken. The expansion of debt is the biggest one. Your 29.5% up doesn't mean anything until you are ready to cash out. The massive debt bubble being blown will destroy us older folks, who don't have time to recover from a prolonged recession, which is likely to happen during or after his second term.
The second is the promise to reduce medical costs. I realize the headwinds that he has faced, but regardless, cost reduction hasn't happened yet. Those costs tie in to the expansion of debt noted above.
Well stated.
Posted on 12/18/19 at 10:30 am to ApexTiger
quote:
the party of the underdog
The party of good intensions
The party of and for minorities, the party of big government "can fix your problems"
The party of division
the party of emotion
The party of do nothing, but "we've got your back"
The party of using punctuation.
Posted on 12/18/19 at 10:38 am to whocares1
quote:
The massive debt bubble being blown will destroy us older folks, who don't have time to recover from a prolonged recession, which is likely to happen during or after his second term.
If you’re older and not prepared for an economic downturn, it’s probably your own fault. You lived in an economy with ample opportunity for a hard-working high school graduate and affordable homes. You had the opportunity to enlist during a time of prolonged peace. You could have sacrificed cable, new cars and outfitting your kids in Air Jordans, to tuck a little away in the stock market each month.
Posted on 12/18/19 at 10:42 am to MarinaTigerEsq
quote:
You could have sacrificed cable, new cars and outfitting your kids in Air Jordans, to tuck a little away in the stock market each month.
Its almost like something happened in 2007 which destroyed a lot of retirement accounts, pensions, etc.
Posted on 12/18/19 at 10:43 am to Bamafan24
quote:
My retirement account is up 29.5% YTD - Why is Trump getting impeached???
Because not everyone is a single issue voter like yourself.
Posted on 12/18/19 at 10:44 am to Sneaky__Sally
quote:
Its almost like something happened in 2007 which destroyed a lot of retirement accounts, pensions, etc.
It’s exactly like something happened 2016-present that has brought those accounts back to where they were before and better. Reverse mortgage if you’re desperate.
You boomers have had it great and, if you’re not in a good position, that’s on you. I went to a rural school in elementary where most students’ parents made in a year what mine did in a month. Nevertheless, there they were in the drop off line, in their leased z71s, kids popping out with Jordan’s and jerseys, big screens with all the channels at home.
This post was edited on 12/18/19 at 10:47 am
Posted on 12/18/19 at 10:48 am to MarinaTigerEsq
quote:
If you’re older and not prepared for an economic downturn, it’s probably your own fault.
Not being prepared for an economic downturn and having your 401K and/or pension destroyed by a stock market crash are 2 different things.
Posted on 12/18/19 at 10:51 am to whocares1
quote:
Not being prepared for an economic downturn and having your 401K and/or pension destroyed by a stock market crash are 2 different things.
No they aren't
Posted on 12/18/19 at 10:52 am to whocares1
quote:
Not being prepared for an economic downturn and having your 401K and/or pension destroyed by a stock market crash are 2 different things.
What do you think happens during an economic downturn?
Hasn’t the stock market rebounded since then?
With ample opportunity to purchase and pay off a home, why not get a reverse mortgage?
Why cripple the next generation economically by petulantly refusing to vote for a good president who is turning our economy around and making the stock market strong?
Posted on 12/18/19 at 10:53 am to MarinaTigerEsq
quote:
It’s exactly like something happened 2016-present that has brought those accounts back to where they were before and better. Reverse mortgage if you’re desperate.
You boomers have had it great and, if you’re not in a good position, that’s on you. I went to a rural school in elementary where most students’ parents made in a year what mine did in a month. Nevertheless, there they were in the drop off line, in their leased z71s, kids popping out with Jordan’s and jerseys, big screens with all the channels at home.
lol, i'm 30 years old.
But I can also recognize that the stock market crash, coupled with massive unemployment and low wages probably forced people to dip into their investments and savings to survive at that time. As a result, they are less able to take advantage of this rebound.
That scenario is a big reason why the stock market benefits the wealthy far more than the normal investor. The wealthy can survive the downturn, invest more after it has dropped to buy low and then ride the wave back up. Working class people have a harder time maintaining investment wealth.
This post was edited on 12/18/19 at 10:59 am
Posted on 12/18/19 at 10:55 am to LSUconvert
quote:
Because not everyone is a single issue voter like yourself.
They should be. And the issue is 'freedom.' The stock market is just one fan of freedom.
Posted on 12/18/19 at 10:57 am to Zach
quote:
They should be.
Trying to tell other people what they should care about, I shouldn't be surprised.
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