Wall St Continues to Bleed

Bendintheriver said:

creepycoug said:

Bendintheriver said:

MikeDamone said:

Bendintheriver said:

MikeDamone said:

Bendintheriver said:

We are going to take one of the 401K's and invest in real estate. Enough of this roller coaster ride when rats are in charge. Biden is not doing one thing to strengthen our country or economy and I don't want to be dependent upon a global economy run by despots who would like nothing more than to see us crash and burn.

Sell low buy high. Good strategy

Is that what you do? If so stop being stupid.

The market here is going down. When the time is right we will invest.

Not what I do, but sounds like your approach.

If you would have sold your stock portfolio in 2009 and bought real estate you’d of had the benefit of a collapsed real estate market. But even still you would have missed 300% stock market growth in that time frame.(S&P) If you sell now maybe it’s near the bottom, maybe not, but one thing is certain, while real estate has softened some, there is no excitation of a 2008 type correction


Sounds like you’re trouble with the emotions of the ups and downs of the stock market

Can you be a bigger dick? I have no idea how old you are. I am guessing 16.

I am approaching a pre determined retirement you dumbass. We are taking 25% of our retirement income and we are going to invest in two rental homes. We will get $2500 to 4500 a month in rental income for each property. That is regardless of the stock market. We will pay down our 401K quickly and the rest is income to live on.

We will do it at the right time and make sure it is done with intelligence and foresight, something you clearly lack. For anyone reading this post, this asshole is a n immature idiot who likes to make himself feel good by accusing others of doing things they would never do.

Fucking idiot.

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.

HHusky said:

Bendintheriver said:

creepycoug said:

Bendintheriver said:

MikeDamone said:

Bendintheriver said:

MikeDamone said:

Bendintheriver said:

We are going to take one of the 401K's and invest in real estate. Enough of this roller coaster ride when rats are in charge. Biden is not doing one thing to strengthen our country or economy and I don't want to be dependent upon a global economy run by despots who would like nothing more than to see us crash and burn.

Sell low buy high. Good strategy

Is that what you do? If so stop being stupid.

The market here is going down. When the time is right we will invest.

Not what I do, but sounds like your approach.

If you would have sold your stock portfolio in 2009 and bought real estate you’d of had the benefit of a collapsed real estate market. But even still you would have missed 300% stock market growth in that time frame.(S&P) If you sell now maybe it’s near the bottom, maybe not, but one thing is certain, while real estate has softened some, there is no excitation of a 2008 type correction


Sounds like you’re trouble with the emotions of the ups and downs of the stock market

Can you be a bigger dick? I have no idea how old you are. I am guessing 16.

I am approaching a pre determined retirement you dumbass. We are taking 25% of our retirement income and we are going to invest in two rental homes. We will get $2500 to 4500 a month in rental income for each property. That is regardless of the stock market. We will pay down our 401K quickly and the rest is income to live on.

We will do it at the right time and make sure it is done with intelligence and foresight, something you clearly lack. For anyone reading this post, this asshole is a n immature idiot who likes to make himself feel good by accusing others of doing things they would never do.

Fucking idiot.

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.

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.

HoustonHusky said:

CuntWaffle said:

MikeDamone said:

Bob_C said:

Aren’t we all just supposed to buy the dip?

Herr Dazzler bought the dip 2500 points ago.

He bought more yestertoday too

Fixed.

46XiJCAB said:

HHusky said:

HoustonHusky said:

CuntWaffle said:

MikeDamone said:

Bob_C said:

Aren’t we all just supposed to buy the dip?

Herr Dazzler bought the dip 2500 points ago.

He bought more yestertoday too

Fixed.

possibly

some stuff is automated

You're such a fraud.