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I did sell about 1/3 of my stocks and much of the rest is invested in Buffet and really conservative stuff like that.
Quote:
Originally Posted by craigiri
I just did something I have never done before.....SOLD a vast amount of the investments in my IRA.
Quote:
Originally Posted by craigiri
I am a few hundred grand behind YTD. Thanks Trump! The best ever. Just ask him. He'll tell you.
Dang, could have bought a couple Teslas. Now I have zero income for the year. Retired too!
Well, the good news is that my taxes will be easy to file and very low. Non-existent actually.
I'm still having a very hard time buying your story. Previously you've told us that you sold "vast amounts" and/or 1/3 of your stocks and IRA, and only left with "very conservative stuff" yet you are now claiming you are down $100s of thousands?
Update:
I mean lets just take the S&P 500, which is down 1.21% for the year (completely ignoring that you sold lots of stuff higher, as you claimed before), your portfolio would have to be worth $20M to show a loss of $242,000. It would take a $25M portfolio at a 1.21% loss to be down $302,500. Are you telling us that you are posting nonsense on CD and have a retirement portfolio worth $20M-$25M?? I mean I had a few drinks tonight so maybe my math is waaaaaaaaaaaay off, so please correct me if thats the case because I can't possibly believe any of this and I'd prefer to think that I'm just horrible at math.
Oh, and if my math is right...then good for you!
Last edited by t206; 10-29-2018 at 08:46 PM..
Reason: Adding some examples/math
Actually what they leaked was that if the talks fail, that more tariffs will occur.
I'm not convinced that China wouldn't see this as a good thing long term. It will damage us more I think, while it will help them with their goal of moving more of their GDP into internal sales. Plus giving in to the US as Trump demands will involve a insane amount of lost respect.
But there is some pain there. I just don't think its sufficient for Trump to get what he wants. I think China will play hardball.
We are in a hell of a mess in the market and it will be getting worse, bleeding into 2019 - because Trump wants to prolong this China thing - on top of which rates continue to rise - and additional inflation caused by the tariffs will make the Fed even more stubborn on the rates.
Carter Worth has long been my favorite technical analyst and he has called it all year. Called the FB drop, called any bounce in the markets bull traps, and today says we're going lower on the S&P to at least 2300, probably below.
This is going on for a while. I hold no hope that 2019 will begin very well - at all. Right now, I've got a lot of cash, what's invested I don't need, and I may even be selling most of that because it's stupid to ride it all the way down.
MAGA - rising interest rates have been occurring for over a year, add to that the irresponsible, unecessary tax bill giveaway and its deficits which only exacerbate the effect of the interest rates - and on top of that THEN impose tariffs so business growth retracts and puts further pressure on inflation - and soon unemployment. Housing and autos already slowing down.
Trump and his bootlicking minons have effectively given the nine-year hard fought recovery a brake job.
Batten down the hatches folks, it isn't getting better anytime soon.
October is historically a bad month for the stock market; or, to put it another way, if the market is going to go into a correction, October is the favored month for such.
I retired June 30th, and at the end of August I transferred all of my Thrift Savings Plan (the Federal equivalent to the 401k) into the G (government security) funds, which pay 2.75 percent interest. Prior to that I had 40 percent of said funds in the C-Fund (stock market).
My TSP rose from some $189,000 in 2009 to $400,000 as of last August, all due to the rising market. An excellent run under both Obama and Trump.
However, all bull markets end, eventually. I suspect that this bull run is over.
I see that GE has cut its 119-year old dividend to 1 penny last night. This does not bode well for the market today.
Yet, if one is not close to retirement, hang on and sit it out. As Paul Harvey used to say during such times, the only people that get hurt on a roller coaster are those that jump out.
The Stock Market is up massively since the Election, but is now taking a little pause - people want to see what happens with the Midterms. If you want your Stocks to go down, I strongly suggest voting Democrat. They like the Venezuela financial model, High Taxes & Open Borders! — Donald J. Trump (@realDonaldTrump) October 30, 2018
Basically the same thing I said five days ago in post # 2275, and again in #2301.
"A little pause" on the DOW will be a year or more (he hasn't been POTUS two years!) and the "massively" is obviously part of the momentum of the Bull market already in place
What does that leave in-between......a month when he "made it go up" with tax cuts, but it is already down far more?
The problem isn't just the lack of reality among some Trump supporters. That is to be expected. But the knowledge, fully, that if the market ends up down for 1,2 or 3 years or if we hit a Recession, the very same people will be telling us whose fault is is/was - and I promise that won't include saying it is Trumps fault.
It seems very basic. Business does not like chaos. Trump started messing around for real (the tariffs, his socialism to farmer and polluters, free money from debt and deficit, etc.) this year - 2018. By some coincidence, the market isn't reacting well......or is it because it doesn't like what it sees?
"A little pause" on the DOW will be a year or more (he hasn't been POTUS two years!) and the "massively" is obviously part of the momentum of the Bull market already in place
What does that leave in-between......a month when he "made it go up" with tax cuts, but it is already down far more?
The problem isn't just the lack of reality among some Trump supporters. That is to be expected. But the knowledge, fully, that if the market ends up down for 1,2 or 3 years or if we hit a Recession, the very same people will be telling us whose fault is is/was - and I promise that won't include saying it is Trumps fault.
It seems very basic. Business does not like chaos. Trump started messing around for real (the tariffs, his socialism to farmer and polluters, free money from debt and deficit, etc.) this year - 2018. By some coincidence, the market isn't reacting well......or is it because it doesn't like what it sees?
The later seems the more logical conclusion.
There is a difference between what MSM sees ( Trump everywhere, even under the bed where they hide ) and what people in the market see. The market doesn't focus with the tunnel vision of the hate Trump media. Factors like Fed comments and interest rates are among many of the considerations.
"A little pause" on the DOW will be a year or more (he hasn't been POTUS two years!) and the "massively" is obviously part of the momentum of the Bull market already in place
What does that leave in-between......a month when he "made it go up" with tax cuts, but it is already down far more?
The problem isn't just the lack of reality among some Trump supporters. That is to be expected. But the knowledge, fully, that if the market ends up down for 1,2 or 3 years or if we hit a Recession, the very same people will be telling us whose fault is is/was - and I promise that won't include saying it is Trumps fault.
It seems very basic. Business does not like chaos.Trump started messing around for real (the tariffs, his socialism to farmer and polluters, free money from debt and deficit, etc.) this year - 2018.
By some coincidence, the market isn't reacting well......or is it because it doesn't like what it sees?
Let's just bold the obvious, shall we, because clearly the clay-footed god can do no wrong. 35% of the business in the last two weeks reporting earnings have cited tariffs as a big headwind. My paper is full of stories of businesses negatively impacted ALREADY - costing one small business $1 MILLION A MONTH.
Tariffs have rendered as an UNKNOWN future business earnings, growth, and employment. This will affect tax revenue and expenditures - especially if people start to lose their jobs because of the tariffs. Not only don't they pay taxes, WE pay THEM unemployment benefits, food stamps, increases to the Medicaid rolls further putting pressure on the already ballooning deficits because of the criminal tax bill.
The market hates uncertainty. Right now, what had been a healthy recovery through 2017 is meeting SELF-INFLICTED roadblocks.
What a moron Trump is - as are the morons who think this man has even one working brain cell.
President Trump is absolutely the greatest on the economy. Dow breaks 25,000
They say it still has room to run !!!!
Go ahead 401K make my day !!!
LOL !!!!
What a difference 9 months make
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