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Wall St Continues to Bleed

245678

Comments

  • RaceBannonRaceBannon Member, Moderator, Swaye's Wigwam Posts: 110,928 Founders Club
    Inflation only 8.3 percent

    So much winning
  • thechatchthechatch Member Posts: 6,851
    -870 heading into midday trading.

    I guess Wall St doesn’t care whether or not everything is Putin’s fault….
  • 46XiJCAB46XiJCAB Member Posts: 20,967
    Rollercoaster, of love
    (Say what)
    Rollercoaster,
    (ha ha)
    Whoo, whoo, whoo
    Rollercoaster......................
  • 46XiJCAB46XiJCAB Member Posts: 20,967

    Inflation only 8.3 percent

    So much winning

    Yup, and premium is ONLY $4.62/gal. now!

    So GD much winning I can hardly stand it.

    Trump was right.


  • Bob_CBob_C Member, Swaye's Wigwam Posts: 11,965 Swaye's Wigwam
    Inflation really jumped in April 2021 to 4.2%. It was between 5-5.4% in May- Aug 2021. So the 8.3% is now stacked on top of those 5% numbers. If you make the 5% the standard 2% that we generally have had the last 5 years, you are effectively at a real +11% vs where we should be. The rate going down the last two months is effectively because the comparable periods are now higher.

    And that’s before CPI calculation is totally bullshit as we know.
  • BendintheriverBendintheriver Member Posts: 6,653 Standard Supporter

    Do mean that you are borrowing from 401-k?

    My view, and it’s just that, a view, is that the economy will be bigger in 10 year’s time. There will be a lot of up and down between now and then, but I’m long on the US economy.

    Tech continues to print money. We have a correction happening and that may continue or get worse. Nobody knows. But long-term I like the US economy.

    My uncle takes your approach and has done rentals for years.
    Yeah, I have been long on the economy for 40 years and it has served me well. I too believe the economy will continue to grow. My issues are retirement. I am not there yet but I have watched as the government has taken more and more away from my SS benefits over the years and it is not to be trusted. I am not going to work until I am 70.

    The portfolios for most after 2008 and 2000 took a decade to recover from and for many that meant just catching up to 1999 levels. I have friends and relatives who were forced to go back to work. I don't want that to be me. Where I live you can make $75K + a year on rental income. Another crash and I will lose 5X that amount in a week in my 401k and I could be looking at 70+ until I get it back. Hence the investment in rental homes. My neighbor owns 5 here on the island and lets just say he doesn't worry about much, including what happens to his 401K portfolio. His retirement is his property investment portfolio. Trips to Europe every Spring, a vacation home in San Diego, all paid for by property ownership which he started by just buying one and growing from there.

    Speaking of SS, I have maxed out my ss taxes every year for 35 years. I used to be done paying in by the end of August. Currently the max benefit is like $3890. The average SS recipient takes home just over half of that amount. What a rip off for every single person who relies upon that Ponzi scheme. The middle class could have put that in a self guided 401K and would be receiving over $7500 a month.
    Socialism is a bad egg that actually hurts the poor and middle class.

  • MikeDamoneMikeDamone Member Posts: 37,781

    Inflation only 8.3 percent

    So much winning

    That's what it was last month. So it's actually zero. Let me repeat that. ZERO. Not a joke. zero.
  • PurpleThrobberPurpleThrobber Member Posts: 46,795 Standard Supporter

    That's what it was last month. So it's actually zero. Let me repeat that. ZERO. Not a joke. zero.
    In other words:

    Cuog is undefeated this month too. But they're still Cuog until they're not.

  • 46XiJCAB46XiJCAB Member Posts: 20,967

    That's what it was last month. So it's actually zero. Let me repeat that. ZERO. Not a joke. zero.
    When a person is constantly telling you that something they're trying to sell you is, "not a joke" or "I'm not kidding" or "I'm serious" that person knows they're full of shit.
  • GoduckiesGoduckies Member Posts: 7,573
    Welcome to Mike the jackass
  • HHuskyHHusky Member Posts: 22,759

    Yeah, I have been long on the economy for 40 years and it has served me well. I too believe the economy will continue to grow. My issues are retirement. I am not there yet but I have watched as the government has taken more and more away from my SS benefits over the years and it is not to be trusted. I am not going to work until I am 70.

    The portfolios for most after 2008 and 2000 took a decade to recover from and for many that meant just catching up to 1999 levels. I have friends and relatives who were forced to go back to work. I don't want that to be me. Where I live you can make $75K + a year on rental income. Another crash and I will lose 5X that amount in a week in my 401k and I could be looking at 70+ until I get it back. Hence the investment in rental homes. My neighbor owns 5 here on the island and lets just say he doesn't worry about much, including what happens to his 401K portfolio. His retirement is his property investment portfolio. Trips to Europe every Spring, a vacation home in San Diego, all paid for by property ownership which he started by just buying one and growing from there.

    Speaking of SS, I have maxed out my ss taxes every year for 35 years. I used to be done paying in by the end of August. Currently the max benefit is like $3890. The average SS recipient takes home just over half of that amount. What a rip off for every single person who relies upon that Ponzi scheme. The middle class could have put that in a self guided 401K and would be receiving over $7500 a month.
    Socialism is a bad egg that actually hurts the poor and middle class.

    SS is just an insurance entitlement. It's not an investment vehicle.

    And the poor and middle class are not harmed by collecting it. Much the opposite, in fact.
  • HHuskyHHusky Member Posts: 22,759

    HH is buying the 50th dip of the year.

    True
  • GoduckiesGoduckies Member Posts: 7,573
    HHusky said:

    SS is just an insurance entitlement. It's not an investment vehicle.

    And the poor and middle class are not harmed by collecting it. Much the opposite, in fact.
    Fool
  • HoustonHuskyHoustonHusky Member Posts: 5,997

    He bought more yestertoday too
    Fixed.
  • HHuskyHHusky Member Posts: 22,759

    Fixed.
    possibly

    some stuff is automated
  • 46XiJCAB46XiJCAB Member Posts: 20,967
    HHusky said:

    possibly

    some stuff is automated
    You're such a fraud.
  • HHuskyHHusky Member Posts: 22,759
    46XiJCAB said:

    You're such a fraud.
    Don't be like that, Boris.
  • 46XiJCAB46XiJCAB Member Posts: 20,967
    HHusky said:

    Don't be like that, Boris.
    I left out Liar.
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