Posted on 08/04/2017 5:34:17 AM PDT by DCBryan1
There are many reasons for that. Many people live paycheck to paycheck. Some because of poor budgeting. Some because of low wages. Many small employers, which employ more than about half of working people, offer no 401-k which is probably the easiest way to invest in the market. Of those who do have a vehicle like that, many employees are afraid of the market for reasons like Enron, WorldCom, the crash of 08-09, Michael Milican and Bernie Madoff. The equities market has done a poor job of policing itself and educating the public. And the list goes on and on.
And as I noted, I got richer since April of 09.
What’s unexpected is that it took 19 posts to get “Unexpected!” :-)
>>This is a perfect example on how this America Hating Homo, Mooselimb, Imposter Obama wanted to destroy this country!!!
I can understand Obama’s hatred of America based on who he is and where he came from and the influences in his life.
But, what is Ryan and McConnell’s excuse?
Drudge siren: US created 209,000 jobs in July, vs 183,000 job expected
Drudge/CNBC ^ | 04 AUG 17 | Jeff Cox | @JeffCoxCNBCcom
Posted on 8/4/2017, 5:34:17 AM by DCBryan1
Non-farm payrolls were expected to have increased by 183,000 last month after surging by an initially reported 222,000 in June, according to a Reuters survey of economists. The unemployment rate was expected to fall one-tenth to 4.3 percent
http://freerepublic.com/focus/f-news/3574462/posts
Go to DU, where other idiots will agree with you!
What has Donald Trump done since he has been in office!!!
1.Supreme Court Justice, Gorsuch
2. 59 missiles dropped in Syria.
3.He took us out of TPP
4.Illegal immigration is now down 70%( the lowest in 17 years)
5.Consumer confidence highest since 2000 at index 125.6
6.Mortgage applications for new homes rise to a 7 year high.
7.Arranged 20% Tariff on soft lumber from Canada.
8.Bids for border wall are well underway.
9.Pulled out of the lopsided Paris accord.
10.Keystone pipeline approved.
11.NATO allies boost spending by 4.3%
12.Allowing VA to terminate bad employees.
13.Allowing private healthcare choices for veterans.
14.More than 600,000. Jobs created
15. Median household income at a 7 year high.
16. The Stock Market is at the highest ever In its history.
17. China agreed to American import of beef.
18. $89 Billion saved in regulation rollbacks.
19. Rollback of A Regulation to boost coal mining.
20. MOAB for ISIS
21. Travel ban reinstated.
22. Executive order for religious freedom.
23. Jump started NASA
24. $600 million cut from UN peacekeeping budget.
25. Targeting of MS13 gangs
26. Deporting violent illegal immigrants.
27. Signed legislative 41 bills to date ( I didn’t even know that least the fake media tell us)
28. Created a commission on child trafficking
29. Created a commission on voter fraud
30. Created a commission for opioids addiction.
31. Giving power to states to drug test unemployment recipients.
32. Unemployment lowest since May 2007.
33. Historic Black College University initiative
34. Women In Entrepreneurship Act
35. Created an office or illegal immigrant crime victims.
36. Reversed Dodd-Frank
37. Repealed DOT ruling which would have taken power away from local governments for infrastructure planning
38. Order to stop crime against law enforcement.
39. End of DAPA program.
40. Stopped companies from moving out of America.
41. Promoted businesses to create American Jobs.
42. Encouraged country to once again ‘Buy American and hire American .
43. Review of all trade agreements to make sure they are America first
44. Cutting regulations 2 for every one created.
45. Highest manufacturing surge in 3 years.
46. $78 Billion promised reinvestment from major businesses like Exxon, Bayer, Apple, SoftBank, Toyota...
47. Denied FBI a new building.
48. $700 million saved with F-35 renegotiation.
49. Saves $22 million by reducing white house payroll.
50. Dept of treasury reports a $182 billion surplus for April 2017(2nd largest in history.)
51. Negotiated the release of 6 US humanitarian workers held captive in Egypt. 52. Gas prices lowest in more than 12 years.
53. Signed An Executive Order To Promote Energy Independence And Economic Growth.
54. Has already accomplished more to stop government interference into people’s lives than any President in the history of America.
55. President Trump has worked with Congress to pass more legislation in his first 100 days than any President since Truman.
56. Has given head executive of each branches 6 month time Frame dated March 15 2017, to trim the fat. restructure and improve efficacy of their branch. (Observe the pushback, the leaks, & the lies as entrenched POWER refuses to go silently into that good night!)
57. No Fed Funds to Sanctuary Cities.
58. Lastly, Refused his Presidential Pay Check, donated it to Veterans issues.
http://freerepublic.com/focus/news/3575850/posts?page=6#6
Hey. I love the stock market rise. Been great for my portfolio. I was rich January 20th. I’ve since got rivher. But for the average wage earner, it’s not been so grest.
So those average Joes and Josephines at the latest Trump rallies are just dumb smucks?
We have a couple of older relatives and some not that old, who turn green and roll their eyes when the conversation turns to investments.
Yet, those dumb smucks’s IRA’s and 401k’s have done great since the election last November by just following the suggested investment guides for their ages for their IRA’s and 401 K’s.
Will Trump save those who don’t save, max out on their credit cards and spend more than they make?
NO!
However, Trump for most of his voters is the best Potus since RR!
I would imagine the vast majority don't have or have little saved in equities/mutual funds/401-k's. Some of my friends who are among the strongest Trump supporters are in that position. And in their 40's and 50's. Two of them just filed Chapter 13 because of their spending.
Let me look above the fold on my LA Times for this great news!! I’ll be riiiight baaack...
bump
“And in their 40’s and 50’s. Two of them just filed Chapter 13 because of their spending.”
I guess that I am cruel. Since these people were adults, I have zero sympathy.
When California went through its meltdown as BushII was leaving and Obama was coming in, the # of people losing their homes was incredible.
One of our younger relatives lives in an East Bay city on a cul de sac with 8 new homes. 4 home owners in that cul de sac lost their homes during that meltdown.
His kids had a lot anxiety about losing their home.
This relative pointed out to his kids that each family that lost their homes had at least one luxury SUV (Hummers or Range Rovers were the SUV’s of choice) and one luxury pickup that could pull the home away. Those families went on incredible vacations and dressed like fashion models. They had expensive water ski boats.
The home losers didn’t budget and made poor spending decisions.
This relative pointed out to his kids they had a 5 year old mid size SUV and he had a plain Jane 2 door company pickup.
They bought their clothes from Old Navy on sale and visited relatives with the exception of a couple days one summer at Disney Land on vacations. His fishing boat was a plain jane fishing boat, he bought his first year out of college and still has the same motor 2 decades later.
The wife shopped at Costco and Raley’s for sale items for most of their groceries.
Before and during those 8 years he maxed out on his 401 k and his wife maxed out her IRA. They refied their home to get a great interest rate and a lower payment. The $’s saved from the refi was invested in FIDO college funds for their kids with FIDO not a luxury car or 5 star vacation.
Their older child after getting a drivers license got jobs to pay for gas, insurance and their fun money. The parents bought a medium size previously owned SUV for the kids. Their college bound oldest child will not be driving that suv to/from and at college. That vehicle will be driven by the next youngest one, when he gets a job. If he doesn’t get a job, they will sell that vehicle.
Their kids are gifted in math and besides getting math awards have participated in the math olympiads.
However, real life is not algebra, calculus and math olympiads. It is based on setting real budgets and living with them. So they go over their family budgets with the kids at least twice a month. They have the kids sit up their budgets based on their jobs and allowances.
They go out to eat once a month. The kids get to pick the place and are given $50 to cover the meal.
Real economics, real math and the reality that if you $crew up financially, you will not be helped is the daily lesson for these kids. They do not want to be like the parents who lost their homes due to overspending.
While I agree many people don’t establish the right financial priorities, I have also found a prolific number of the ones I know to be fervent and avid Trump supporters and believe his MAGA is their recipie to solve their financial ills. It may lighten the burden, but it’s going to take behavior change from them for things to change for the better.
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