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Another "correction". Lol, this Casino is such a sham man. Tell the truth here guys, this entire month has been a deliberate attempt to try and get the Fed to not raise rates in September.
Basically they want the Fed to take the rates down to a negative level, so us Saver/CD folks have no damn choice BUT to enter into the wild wild west because it would be better than earning 1% on a 10 year CD. Because that's what these Wallstreet scam artists want, they want 1% on 10 Year CDs and 20 Year Treasuries, so we have NO CHOICE but to pump more money into Stocks which does what? It further inflates the Stock prices so people currently IN Stocks will see even bigger returns while us Saver/CD folks get screwed over.
The more and more you go through life, you just realize that all of this "work hard and you will get ahead" mantra is just bull___. This entire US System is a damn scam, based on being networked heavily with the RIGHT people so you can get in on the RIGHT DEALS at the RIGHT TIME.
It's not about "work hard" at all. "Work hard" is just the programmed sheep-like LIE they feed to the lower, working and middle class so they continue to bust their tails off for lower wages for those in the HIGHER class levels, who are only HIGHER class because they networked with the RIGHT people to get in on the RIGHT deals at the RIGHT TIME.
Another "correction". Lol, this Casino is such a sham man. Tell the truth here guys, this entire month has been a deliberate attempt to try and get the Fed to not raise rates in September.
Basically they want the Fed to take the rates down to a negative level, so us Saver/CD folks have no damn choice BUT to enter into the wild wild west because it would be better than earning 1% on a 10 year CD. Because that's what these Wallstreet scam artists want, they want 1% on 10 Year CDs and 20 Year Treasuries, so we have NO CHOICE but to pump more money into Stocks which does what? It further inflates the Stock prices so people currently IN Stocks will see even bigger returns while us Saver/CD folks get screwed over.
The more and more you go through life, you just realize that all of this "work hard and you will get ahead" mantra is just bull___. This entire US System is a damn scam, based on being networked heavily with the RIGHT people so you can get in on the RIGHT DEALS at the RIGHT TIME.
It's not about "work hard" at all. "Work hard" is just the programmed sheep-like LIE they feed to the lower, working and middle class so they continue to bust their tails off for lower wages for those in the HIGHER class levels, who are only HIGHER class because they networked with the RIGHT people to get in on the RIGHT deals at the RIGHT TIME.
We were long overdue for a real correction, this is completely expected. Heck, even if this ended up turning into the start of the next crash, it wouldn't be surprising because we have been flying for around 7 years now, which is incredible.
It sounds like you've made some bad decisions and are now taking your anger out on the market. You have no one to blame, but yourself and the sooner you start viewing things as, "what did I do wrong this time" the sooner you will be a lot more successful with your investments. Throughout the years, whenever I lost money when the majority have made money, I always asked myself what did I do wrong, how can I prevent it from happening next time etc and that is why I've been and continue being so successful in the market. If I simply barked at the system for my failures, then I wouldn't be anywhere near where I am today and most likely I would probably be negative.
Another "correction". Lol, this Casino is such a sham man. Tell the truth here guys, this entire month has been a deliberate attempt to try and get the Fed to not raise rates in September.
Basically they want the Fed to take the rates down to a negative level, so us Saver/CD folks have no damn choice BUT to enter into the wild wild west because it would be better than earning 1% on a 10 year CD. Because that's what these Wallstreet scam artists want, they want 1% on 10 Year CDs and 20 Year Treasuries, so we have NO CHOICE but to pump more money into Stocks which does what? It further inflates the Stock prices so people currently IN Stocks will see even bigger returns while us Saver/CD folks get screwed over.
The more and more you go through life, you just realize that all of this "work hard and you will get ahead" mantra is just bull___. This entire US System is a damn scam, based on being networked heavily with the RIGHT people so you can get in on the RIGHT DEALS at the RIGHT TIME.
It's not about "work hard" at all. "Work hard" is just the programmed sheep-like LIE they feed to the lower, working and middle class so they continue to bust their tails off for lower wages for those in the HIGHER class levels, who are only HIGHER class because they networked with the RIGHT people to get in on the RIGHT deals at the RIGHT TIME.
Jo,
I think a major part in 'being successful' is being able to live and operate within the "system" in which you live in; So, assuming everything you wrote is correct, i think it is still your responsibility to 'adapt' and 'adjust' to the "con/scam" system that has become the norm (your words), instead of simply pointing out the 'injustice' to a bunch of random folks on Citydata and complain that 'it's not fair...etc.'
If you truly believe what you've written above, i'm sure you can find a way to benefit from the circumstances, like many others do.
We were long overdue for a real correction, this is completely expected. Heck, even if this ended up turning into the start of the next crash, it wouldn't be surprising because we have been flying for around 7 years now, which is incredible.
It sounds like you've made some bad decisions and are now taking your anger out on the market. You have no one to blame, but yourself and the sooner you start viewing things as, "what did I do wrong this time" the sooner you will be a lot more successful with your investments. Throughout the years, whenever I lost money when the majority have made money, I always asked myself what did I do wrong, how can I prevent it from happening next time etc and that is why I've been and continue being so successful in the market. If I simply barked at the system for my failures, then I wouldn't be anywhere near where I am today and most likely I would probably be negative.
Best of luck though!
I'm not in the Market and never have been. It's just that at 32, everything is just coming full circle on just how full of ____ this entire damn "system" is. 95% of the things you are taught are a freaking LIE used only to make you another "sheep" to be controlled by those at the Top to benefit off of your labor, talents, etc.
I'm not just talking about the Fed, or the monetary system, or Wallstreet, I'm also talking about:
- The Education System/College
- The Marriage System/Child Custody/Family Court
- Religion System
- The entire concept of Entrepreneurial Capitalism as a "whole", which is to create an idea and setup a "system" to employ others for wages that can barely buy a damn $7 Subway Footlong while the person running the business most likely has multiple "systems" and making a fortune
I'm not saying the system is "bad" or "good", because who am I to establish the requirements for morality? I'm just saying that this entire system is nothing but a damn sham designed to pay off those at the top and those who are networked properly, and SCREW everybody else over.
I'm saying this and I'm a Capitalist.
Quote:
Originally Posted by Thinking-man
Jo,
I think a major part in 'being successful' is being able to live and operate within the "system" in which you live in; So, assuming everything you wrote is correct, i think it is still your responsibility to 'adapt' and 'adjust' to the "con/scam" system that has become the norm (your words), instead of simply pointing out the 'injustice' to a bunch of random folks on Citydata and complain that 'it's not fair...etc.'
If you truly believe what you've written above, i'm sure you can find a way to benefit from the circumstances, like many others do.
good luck.
I know, the reality is sinking in Thinking Man that I probably won't be able to stay on the sidelines anymore. I'm going to HAVE to enter the Wild Wild West, Roller Coaster ride for 30 years, because I just know damn well the Fed isn't going to increase Rates.
The Fed is basically Wallstreet's ____ and they will "take it in the you know what" from Wallstreet whenever Wallstreet tells them to do so! Just what in the hell does Wallstreet PRODUCE? Huh? They don't produce anything! Meanwhile it's us Savers who are the real Investors in this economy, yet we have to get screwed over for these idiots?
Urgh, I just had to Rant....I can clearly see that this entire month was a deliberate attempt by Wallstreet to STOP the Fed from raising rates. Watch come September the rates stay the same or go negative, watch....
any bets markets rally when the fed raises rates ? markets will take that as a vote of confidence the economy is doing better as well as markets do not like uncertainty hanging out .
in fact do you know that intermediate term bonds actually had positive returns for the year following the fed raising the fed funds rate 1% or more in a year , except 1994 when the bonds ended down a bit .
from 1980-2015 the fed raised rates just about as many times by 1% or more as they did cut them yet only 1994 had a negative return for bonds .
I'm not in the Market and never have been. It's just that at 32, everything is just coming full circle on just how full of ____ this entire damn "system" is. 95% of the things you are taught are a freaking LIE used only to make you another "sheep" to be controlled by those at the Top to benefit off of your labor, talents, etc.
I'm not just talking about the Fed, or the monetary system, or Wallstreet, I'm also talking about:
- The Education System/College
- The Marriage System/Child Custody/Family Court
- Religion System
- The entire concept of Entrepreneurial Capitalism as a "whole", which is to create an idea and setup a "system" to employ others for wages that can barely buy a damn $7 Subway Footlong while the person running the business most likely has multiple "systems" and making a fortune
I'm not saying the system is "bad" or "good", because who am I to establish the requirements for morality? I'm just saying that this entire system is nothing but a damn sham designed to pay off those at the top and those who are networked properly, and SCREW everybody else over.
I'm saying this and I'm a Capitalist.
If you aren't involved in the "system", maybe that's why you feel so disgruntled because you haven't been able to experience the benefits of it. I started out with very little in the market and have grown it more than I ever could have imagined. If money is stressing you out, you need to make a better plan and you also need to start planning for your retirement because that isn't going to happen if you are making minimum wage. Start a Roth IRA and once you have $3,000 saved buy something like VWELX and then once you have another $3,000 saved buy something like VWINX and just keep adding to them whenever you can.
I don't understand what you mean by "95% of the things you are taught are a freaking LIE used only to make you another "sheep" to be controlled by those at the Top to benefit off of your labor, talents, etc." If you are a talented / educated / experienced person in your field, you wouldn't be making minimum wage. You wouldn't feel like the top is just using you as slave labor.
My mom moved to this country with barely anything when she was in her late 20's/early 30's and didn't know much English. She ended up saving every penny, bought a small cafe in a mall, turned it around by working there 7 days a week, open till close and got it making $100k net income. She eventually opened another location and gave that one to her sister and then eventually was able to buy another business and gave the other location to her brother both of which who had nothing. I'm just saying, America is still the land of opportunity, but it comes with making sacrifices and taking risk.
I'm not in the Market and never have been. It's just that at 32, everything is just coming full circle on just how full of ____ this entire damn "system" is. 95% of the things you are taught are a freaking LIE used only to make you another "sheep" to be controlled by those at the Top to benefit off of your labor, talents, etc.
I'm not just talking about the Fed, or the monetary system, or Wallstreet, I'm also talking about:
- The Education System/College
- The Marriage System/Child Custody/Family Court
- Religion System
- The entire concept of Entrepreneurial Capitalism as a "whole", which is to create an idea and setup a "system" to employ others for wages that can barely buy a damn $7 Subway Footlong while the person running the business most likely has multiple "systems" and making a fortune
I'm not saying the system is "bad" or "good", because who am I to establish the requirements for morality? I'm just saying that this entire system is nothing but a damn sham designed to pay off those at the top and those who are networked properly, and SCREW everybody else over.
I'm saying this and I'm a Capitalist.
I know, the reality is sinking in Thinking Man that I probably won't be able to stay on the sidelines anymore. I'm going to HAVE to enter the Wild Wild West, Roller Coaster ride for 30 years, because I just know damn well the Fed isn't going to increase Rates.
The Fed is basically Wallstreet's ____ and they will "take it in the you know what" from Wallstreet whenever Wallstreet tells them to do so! Just what in the hell does Wallstreet PRODUCE? Huh? They don't produce anything! Meanwhile it's us Savers who are the real Investors in this economy, yet we have to get screwed over for these idiots?
Urgh, I just had to Rant....I can clearly see that this entire month was a deliberate attempt by Wallstreet to STOP the Fed from raising rates. Watch come September the rates stay the same or go negative, watch....
that may be.....but again, you have to find a way to live and thrive within the 'system' you live in. There are many other benefits of living in the US and many ways of making it!
if all you care about is CDs, i know several countries that pay 20-25% return on your money in the bank...let alone CDs. you could pick up and go live there, but i guarantee that you'd miss out on the countless 'good' things that you have here and probably take for granted.
any bets markets rally when the fed raises rates ? markets will take that as a vote of confidence the economy is doing better as well as markets do not like uncertainty hanging out .
in fact do you know that intermediate term bonds actually had positive returns for the year following the fed raising the fed funds rate 1% or more in a year , except 1994 when the bonds ended down a bit .
from 1980-2015 the fed raised rates just about as many times by 1% or more as they did cut them yet only 1994 had a negative return for bonds .
Yeah, I have a feeling raising rates will actually lead to a rally rather than a crash. We have people thinking if they don't raise rates it shows the economy is in bad shape, which could lead to a selloff. We have people thinking if they do raise rates then the gravy train is over, which could lead to a selloff.
It's quite up in the air at this point, but I also think a rate increase is more likely to cause a rally versus a selloff. We'll see though.
I'm not in the Market and never have been. It's just that at 32, everything is just coming full circle on just how full of ____ this entire damn "system" is. 95% of the things you are taught are a freaking LIE used only to make you another "sheep" to be controlled by those at the Top to benefit off of your labor, talents, etc.
I'm not just talking about the Fed, or the monetary system, or Wallstreet, I'm also talking about:
- The Education System/College
- The Marriage System/Child Custody/Family Court
- Religion System
- The entire concept of Entrepreneurial Capitalism as a "whole", which is to create an idea and setup a "system" to employ others for wages that can barely buy a damn $7 Subway Footlong while the person running the business most likely has multiple "systems" and making a fortune
I'm not saying the system is "bad" or "good", because who am I to establish the requirements for morality? I'm just saying that this entire system is nothing but a damn sham designed to pay off those at the top and those who are networked properly, and SCREW everybody else over.
I'm saying this and I'm a Capitalist.
I know, the reality is sinking in Thinking Man that I probably won't be able to stay on the sidelines anymore. I'm going to HAVE to enter the Wild Wild West, Roller Coaster ride for 30 years, because I just know damn well the Fed isn't going to increase Rates.
The Fed is basically Wallstreet's ____ and they will "take it in the you know what" from Wallstreet whenever Wallstreet tells them to do so! Just what in the hell does Wallstreet PRODUCE? Huh? They don't produce anything! Meanwhile it's us Savers who are the real Investors in this economy, yet we have to get screwed over for these idiots?
Urgh, I just had to Rant....I can clearly see that this entire month was a deliberate attempt by Wallstreet to STOP the Fed from raising rates. Watch come September the rates stay the same or go negative, watch....
Everyone is out to get you. Cash out those CDs and build a bunker in the woods.
Yeah, I have a feeling raising rates will actually lead to a rally rather than a crash. We have people thinking if they don't raise rates it shows the economy is in bad shape, which could lead to a selloff. We have people thinking if they do raise rates then the gravy train is over, which could lead to a selloff.
It's quite up in the air at this point, but I also think a rate increase is more likely to cause a rally versus a selloff. We'll see though.
Herd is always wrong. AAII sentiment survey was almost at 40% negative last measure. Way off the average. All the doom and gloom from the major (and minor) mainstream financial pubs calling for the big "crash" are a great contrarian indicator for shorter-medium term after this period of volatility is over. Big boys load up while sheep run scared.
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