Posted on 09/21/2022 11:53:10 AM PDT by ConservativeInPA
Yeah
Long enough to fool the idiots that believe in CNN and MSNBC.
He’s so obviously disingenuous I can’t stand to hear the words that come out of his mouth.
When he speaks, he speaks a lie.
Just like his real father.
I learned decades ago to ignore what politicians say and watch what they do.
Prepare for jimmah cahtah type economy for at least 2 years.
I positioned myself during FUBO second term for just this event.
I’m not keeping up with inflation, but I’m still turning a profit in this market.
Batten down the hatches matey, it’s gonna be a rough ride.
Not high enough. It should be 1 percentage point.
I started doing exactly that with a gal I dated in the mid-1980s and later, from that experience, those I worked for in Big 6.
Their actions never matched their words. But only 80-85% of the time;and during critical moments.
“They are nothing more than a casino wheel.”
In gambling you roll the dice and you can lose it all. If you dollar cost averaged into the S&P 500 stock fund over the last 30 years you got about an average 9%+ annual return.
The key is to NOT try and time the market, save enough money, invest it and LEAVE IT ALONE. If you save and invest 10-20% or more of your paycheck and invest it in the overall stock market over decades you will be able to retire at a reasonable age and live comfortably. The problem is - many people will come up with all sorts of excuses why they won’t save the money in the first place.
But even if you do invest and try to time the market and do everything wrong you will likely not lose all of your money like gambling. Investing is nothing like gambling. You have to be pretty stupid to lose ALL of your money in the stock market. The only time that happens is when some fool puts it all into a single stock that goes belly-up.
I hope they crashed the stock markets and crater the economy. The markets are being manipulated to benefit of the big money players and those running the country. They’ve already killed the bond fund markets, with the largest number of victims being retirees who are conservatively invested.
The ones suffering the most are the retirees, and they aren’t earning a salary to dollar cost average into this market. Most had an AA set, and a good number of them were geared towards conservative investing. The crippling of the bond funds, along with low interest rates on MMs & CDs, is destroying seniors.
Oh, and just wait until the retirees have to take their RMDs by the end of the year. RMD valuations were based on the end of 2021, and those assets being sold to fulfill their RMD requirement are a great deal lower now than they were at the end of 2021.
If this boat gets slower, we'll have to get off and walk..
Kiss car loans, the stock market and mortgages goodbye. 👋🏻
She's heavily invested...they've worked so hard. She and hubby are in late 50's...critical years thinking of retirement.
“The ones suffering the most are the retirees, and they aren’t earning a salary to dollar cost average into this market.”
Yeah I was talking about investing while one is working in order to be able to retire in the first place. But I do think retirees should continue to invest in the stock market as a hedge against this inflation with a conservative asset allocation mix of index stock and bond funds.
The key is to save and invest enough while working to attain critical mass so a retiree can absorb ups and downs and be able to maintain sufficient cash etc without having to sell stock funds at the wrong time.
But your point about bond funds is spot on. The govt has screwed things up royally. Rising rates has savaged bond funds. Given that I have a higher weighting of high dividend stock funds and cash that I would normally like but I can absorb the ups and downs.
Not too many years ago, we use to discuss "trillions" when describing galaxies thousands of light years away. Now were talking about U.S. debt...Scary days.
Federal Gov. picks a part of that Medicaid Tab, without which a State will have to cut benefits or find the money.
Wife works for a Marketing firm, represents two “lending institutions.” It will be interesting to see what happens..
I agree. It is sad.
When they’ve thrown it all away, then the dawn comes. Too late!
I agree, but it has been a long long process.
Even in the 60s or so, Reagan changed parties because he
said the party had left him.
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