Panic!!!
You still don't hate democrats and the media (but we repeat ourselves) enough.
Remember last month all the doom and gloom when the stock market dropped over the ongoing Tariff battles? Headlines for days and weeks.
- Dow Jones 02 April - 40,545
- Dow Jones 07 April - 37,645
Panic!!! Sell everything!!!
- Dow Jones 09 May - 41,249
Oops. Hope you didn't sell everything at a loss.
And yeah, we know it's down for the year - two whole percent. If you're sweating two percent, you've got bigger problems than we can imagine.
Labels: money questions
posted by SCC at 12:01 AM
34 Comments:
The average half-wit democrat has $10,000 in their 401K at age 50.
Who the hell are they to criticize anyone on how finances work?
Good post to mention that Officers should be in a ROTH before funding an IRA. Deffered comp is so that you pay lower taxes later. With the blessing of a pension we will always have that base income so our tax rates will not go down. So a ROTH should be funded. Conversions also beneficial. When funding a ROTH you can first put the money into a deferred account and pay no state or federal tax. Then do a Roth conversion where you will pay federal tax at the end of the year but NO state tax since Illinois does not tax retirement accounts. It’s a way to save on state taxes.
CNBC is a joke. Watch it for comedic effect, daily options scams. They are livid, trying to crash market. Guy Dan Ives is on all time, dresses like circus clown. Has ETF with negative return since 2014. Almost every "expert" on shows underperforms S&P. Scary thing is they can move markets. Many are shorting, more angry when market goes up lately.
I hope the idiot Democrat voters sold everything.
Msm had many convinced Trump was going to crash markets in 2016. Remember election night dow futures crashing like 10% to around 16k. Trump left office is was 31k
Their doom and gloom just tells me to buy buy buy.
But the media is still claiming the markets took a bath. Your wrong scc. I hate them more than enough. Pravda
It’s at 41,000 because investors invested. The rich become rich because they invest during times of market downturn-not when the market it doing well. Investors also know that the market is really going to go through the roof when the tariffs are removed.
The Democrats don’t care if they bankrupt America, as long as they could steal money for themselves and their friends and family and feed illegal aliens they’re happy
Buy the Dip
If you don’t understand how the stock market works and the history of corrections, put your money in a CD or your mattress. Stupid assholes all over Facebook saying they were wiped out.
Gld and slv
The stock market is the biggest scam in the world, second only to the private bank that most uninformed people (and folks), think is a government entity, the Federal Reserve Bank.
Pension funds, Government Thrift Plans, deferred comp and 401k’s are where the 1% crowd go to sell garbage equity into while enriching themselves in the process. It’s their personal ATM machine. CEO’s and insiders have to have a market to sell their stock and options to. And they have an endless supply.
Did you ever wonder why you are conditioned to “buy and hold” forever? Why you can’t short equity inside your pension, deferred plan, 401k plan, Thrift plan? Because they need someone or some large pool of money to always buy what they are selling.
Majority think the markets only go higher, the “buy the dip” group who think they have some special acumen in the market. No, you’re the foundation that provides liquidity.
One day, who knows when, when the 1% have built enough of a short position, and off loaded all their risk to you, they’ll use an event to reverse the tape. What you saw last month was just child’s play to what they’ll really do when they want the markets lower for their short positions to profit. You won’t know when that will occur until it does, and you’ll know by your account being 50% less.
I Hope Ever leftist sold at the bottom.
Screw the market already. 401K's were a great idea many moons ago. Now they are nickel and dined to death with fees you never see. The only winner is the institution that manages it. Fuck you pay me right off the top from weekly employer/employee contributions. Legit thievery and they get theirs regardless. Get smart, find a annuity.
I'm sure worried that Nancy Pelosi lost money...how's a soon to be retiree gonna survive on what's left of her eighty million dollars?
The reason the markets didn't continue lower was because the bond market was freezing up.
What does a frozen bond market look like? Think 08-09 Lehman but magnify that by 100.
Trump was told by Bessent that either he walks back the tariffs (they spun it with 90 day pause) or he'll be known as the president who oversaw a 50% crash in the following weeks.
So Trump got a little yippy a little bit yippy and caved.
All you market "gurus" probably don't have the first clue knowing how close you were to losing half of your account overnight.
Markets and "investors" are in the Euphoric stage. If you don't know what that is, search it. Look at the chart stages and realize you were given an opportunity to get out before the next stage.
You all have been warned!
Trump knows Europe is headed for another land war. It’s over due for one. The difference is that Europe wants to change the rules a bit, so that we are all in from the first. Trump is telling them to fight their own war. Two are enough. It’s over, over there.
Stick to what you know. Market is still overvalued and will enter a decade long bear market soon. Has nothing to do with Trump.
That drop was an opportunity for everyone to go all in. Trump handed everyone a make money fast opportunity. Unfortunately the people that have Trump derangement syndrome are not smart enough to put 2 and 2 together. The left complains about billionaires being billionaires. But once these billionaires lose billions in a day, they bitch and moan about it instead of taking that opportunity to buy in and take some of that money.
Some very good advise. Most likely when retired you will have less dependents and deduction, mortgage ,etc. not sure about converting to a Roth later. Because of our pension and deferred comp I think we can’t convert(income $100,000 for Roth conversion ). I’ve been fortunate investing, deferred and pension so my tax rate did not go down but deductions did so I pay a good amount of taxes. Not a bad problem to have
They'll burn down the country to rule over the ashes.
S&P fell 27% under Biden in 2022. Since Trump’s inauguration 3%. Guess which gets more coverage.
Wonder if elite members of congress have an opinion about the insider trading debacle that has made many a millionaire
President The Donald knows business. Democrats know only handouts.
Now, kees me you fool!!!!
Buy low fee vanguard S&P ETF Viiix and ignore all fund managers. 95% can't beat S&P overtime
And we all make more than enough to take advantage of investing.
Roth, so far so good. There were a couple attempts during Obama where the Demons wanted to tax the Roth ‘just a little bit.’ Luckily it didn’t fly. Very short history of Social Security: at first it was voluntary, then it wasn’t. At first, the payments were tax free, then just a little tax, then fully taxed. At first government employees could collect full benefits from jobs before or after the government employment or side jobs while employed by the government. Then Rustonkowski took that away. This was finally fixed a few months ago. Every change to Social Security was done by Democrats. My point is I don’t trust the Democrats not to tax the Roth.
Gee Mr Scam, where do you put your money? Your money must just double, triple because you’re good looking? You sound really smart. Must be a commander! lol
You literally are ignoring over a century of data that people much much much smarter than you and I have analyzed and studied. The dow dropped 90 percent during the 1929-1932 period. The dow lost almost 40 percent during the dotcom bubble. The dow lost about 54 percent during the 2007-2009 period. You sound like one of the many people in America who decided a new car every 2 years, the latest phone, and too much house was a better decision than investing in broad market funds over decades. I feel bad for you.
Oh trust me, the same liberals on MSNBC or in Congress screaming are buying plenty and making lots of money all while telling you to horde your money in your mattress.
You're so smart, you're an absolute dope. The definition of a liberal. The dumbest always think they're smarter than everyone else. Above comments, thanks but don't comment on fools.
Google will net 500B by 2030. How is that a scam Depends on company I guess
There will be a Reversion to the Mean...eventually. We are well overdue for a 15-20 year bear/sideways market. If you're close to retiring, put your $ in something less volatile.
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