Posted on 01/30/2018 7:03:47 AM PST by Enlightened1
I’m not much of a stock guru so I leave mine alone. It was given to me by P&G as profit sharing while I was working. I retired and don’t bother it. It runs up and down a lot but it feels like a fairly stable stock and it pays dividends.
“political uncertainty” - with extra scoops! ;)
Both well run and poorly run companies benefit from the bull market. With a correction, the well run companies will recover. Poorly run companies will lag...until the find good management, are bought out, or fold.
Well, with all due respect, those of us who just dollar-cost average into index funds that track the DJIA, and have timespans of 10, 20, or 30 years, are betting against you :-)
If you are reinvesting dividends then it’s a good thing. They will buy more shares for the same money.
Dividends are good!
We had no real growth in those 8 years, I know folks that were told outright when Romney lost, Capital expenditure project “X” was canceled. Capital was retained, Corp America put their head down, shut up, and played nice with Obama, they went to the Whitehouse when asked, smiled, shook his hand and did the picture thing, as to not to get in their cross hairs and get engulfed and get capital absconded ( can you say GM Bond-Holders? vs the UAW and Common Stock as well ). Yes they would have used the tools of agency weaponization against them, they knew not to poke the beast. They can now go back to what they were hired for, increasing shareholder equity....
#1 Agree.
I have about 30 stocks in a watch list in a Yahoo finance page. There were 99% red this morning but after a couple of hours the stocks started going back up.
I only worry if the stock I own stays red while the others are green!
Trump will give a great speech and on Wednesday the stocks will all be green.
Well, with all due respect, those of us who just dollar-cost average into index funds that track the DJIA, and have timespans of 10, 20, or 30 years, are betting against you :-)
That way, we won't have to talk about the FBI/Clinton/Obama felonies and tonight's message on the outstanding state of our union under Donald J. Trump's watch.
I was fortunate to read “The Millionaire Next Door” many years ago. The two times I’ve seen financial advisors they’ve looked at our situation and basically asked why we wasted the money to see them (we only used fee-based advisors, of course). I’ve never made as much money as most of my friends, spend even less and am way happier :-)
the market might well correct back to around the 20,000 point. Big deal, it will go back up. Histrionics abound, why else would anyone look at the financial pages? :-)
Mr. RooRoo and I read “The Millionaire Next Door” when it came out. We were already doing most of the things described in the book.
We were also doing Dave Ramsey stuff before Dave Ramsey was very well known (and I had never heard of Dave Ramsey): got rid of all credit card debt, paid off the mortgage, etc.
At the time we paid off our mortgage (almost 20 years ago) people looked at us like we were outer space aliens. NOBODY was paying of their mortgages in those days. Some people would say, “Well now you don’t have a interest deduction for taxes.” Who cares? We still saved ourselves from paying about $150,000 in interest, and we only could have deducted about one third of that on our income taxes.
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>> “Well now you don’t have a interest deduction for taxes.” <<
Could that be cuz you didn’t have to pay any?
Which is more? The money still in your pocket, or 20% of the money still in your pocket?
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Valuations were too high and were way higher than even any improved earnings justified. I am glad my pension fund managers did not increase much what portion we have in the U.S. equities markets this year. I expect the Dow will drop further yet, and for good financial investment reasons. When it, does my pension is so broadly invested, globally, it will not take an extensive hit. When U.S. P/E ratios come down to earth, my pension fund managers will likely increase what portion of the fund is held in U.S. equities (buy low and hold as the value goes up).
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And Soros is still playing his games with currencies.
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>> “Sorry for not being up to speed, but who is Q?” <<
Better just go back and finish your nap under that cabbage Mr. VanWinkle!
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Yes stock manipulation by liberals who see losing money to “try” to hurt Trump as a cost of hating America. Nothing to see. Anyone who thinks this is permanent watches FNN and already thinks Trump has destroyed America. Smart money will pick up what these hateful scumbags have thrown out.
While we had a mortgage we deducted the interest from our mortgage on our income taxes.
When Mr. Roo Roo and I were in our peak earning years, our household income was well over $200k. We paid A LOT of income taxes, even with itemizing on the long form and taking every legal deduction we could. Even though Mr. Roo Roo is now retired and I’m still working, we still get bent over and raped on income taxes every year.
I’m not sure if I understand your last question. Once we paid off our mortgage, we lost our mortgage interest deduction. But overall we saved a lot of money because if we hadn’t paid off our mortgage quickly, we would have paid $150,000 more in interest and only able to deduct about a third of it for income taxes. We saved ourselves at least $100,000 overall.
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Bezos and Buffet, two global socialists, now what could they be up to?
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Your last paragraph indicates that you got my point.
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