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Wall St Continues to Bleed
Comments
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A 1200pt bloodbath.
Largest single day loss since we shut the country down.
We did it, Joeđź‘Ť -
Don’t you worry bout a thing.
Joey says inflation is “moderating” but Joey is a liar so there’s that. -
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SS is wonderful and the FBI is your friend.SFGbob said:
Dazzler goes balls deep in the strawman's ass.HHusky said:
Social Security is the only thing that has kept every American from being comfortably wealthy.Bendintheriver said:
Lets see here, the poor and middle class could have as much as $3 million in the retirement bank collecting a modest return income of about $150K a year but they aren't harmed by being forced to invest in a Ponzi scheme that returns on average about $1700 a month.HHusky said:
SS is just an insurance entitlement. It's not an investment vehicle.Bendintheriver said:
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.creepycoug said:
Do mean that you are borrowing from 401-k?Bendintheriver said:
Can you be a bigger dick? I have no idea how old you are. I am guessing 16.MikeDamone said:
Not what I do, but sounds like your approach.Bendintheriver said:
Is that what you do? If so stop being stupid.MikeDamone said:
Sell low buy high. Good strategyBendintheriver 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.
The market here is going down. When the time is right we will invest.
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
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.
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.
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.
And the poor and middle class are not harmed by collecting it. Much the opposite, in fact.
Only a true inhumane elitist socialist could make a statement like that. Bravo HH, you are the test tube baby the socialists/fascists always knew you would be. FFS man show a glimmer of humanity.
That's obvious.
Dazzler having one hell of a day. -
On the very same day that Biden is celebrating the passage of his inflation reduction act. It sure must be nice to be a Rat politician because the press would absolutely savage any Republican who was touting their great economic policies on the same day the stock market is having a meltdown.thechatch said:A 1200pt bloodbath.
Largest single day loss since we shut the country down.
We did it, Joeđź‘Ť -
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$1700 a month is way better than $4.5 million in your retirement account. You only have to live another 200 years to do better with your SS "investment."46XiJCAB said:
SS is wonderful and the FBI is your friend.SFGbob said:
Dazzler goes balls deep in the strawman's ass.HHusky said:
Social Security is the only thing that has kept every American from being comfortably wealthy.Bendintheriver said:
Lets see here, the poor and middle class could have as much as $3 million in the retirement bank collecting a modest return income of about $150K a year but they aren't harmed by being forced to invest in a Ponzi scheme that returns on average about $1700 a month.HHusky said:
SS is just an insurance entitlement. It's not an investment vehicle.Bendintheriver said:
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.creepycoug said:
Do mean that you are borrowing from 401-k?Bendintheriver said:
Can you be a bigger dick? I have no idea how old you are. I am guessing 16.MikeDamone said:
Not what I do, but sounds like your approach.Bendintheriver said:
Is that what you do? If so stop being stupid.MikeDamone said:
Sell low buy high. Good strategyBendintheriver 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.
The market here is going down. When the time is right we will invest.
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
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.
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.
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.
And the poor and middle class are not harmed by collecting it. Much the opposite, in fact.
Only a true inhumane elitist socialist could make a statement like that. Bravo HH, you are the test tube baby the socialists/fascists always knew you would be. FFS man show a glimmer of humanity.
That's obvious.
Dazzler having one hell of a day. -
Joey has been compared to FDR. One created SS and the other has record inflation eating away at it.
What a TEAM! -
Argue like a retard 101HHusky said:
Social Security is the only thing that has kept every American from being comfortably wealthy.Bendintheriver said:
Lets see here, the poor and middle class could have as much as $3 million in the retirement bank collecting a modest return income of about $150K a year but they aren't harmed by being forced to invest in a Ponzi scheme that returns on average about $1700 a month.HHusky said:
SS is just an insurance entitlement. It's not an investment vehicle.Bendintheriver said:
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.creepycoug said:
Do mean that you are borrowing from 401-k?Bendintheriver said:
Can you be a bigger dick? I have no idea how old you are. I am guessing 16.MikeDamone said:
Not what I do, but sounds like your approach.Bendintheriver said:
Is that what you do? If so stop being stupid.MikeDamone said:
Sell low buy high. Good strategyBendintheriver 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.
The market here is going down. When the time is right we will invest.
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
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.
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.
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.
And the poor and middle class are not harmed by collecting it. Much the opposite, in fact.
Only a true inhumane elitist socialist could make a statement like that. Bravo HH, you are the test tube baby the socialists/fascists always knew you would be. FFS man show a glimmer of humanity.
That's obvious. -
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Dazzler argues like a retard with a mythical MBA. Of course, the dazzler argues that we need millions of illegal illiterate aliens to save us from the SS Ponzi scheme. Some more of that ROI analysis he is famous for.RaceBannon said:
Argue like a retard 101HHusky said:
You haven't collected the death benefit on your life insurance either, I'll bet.SFGbob said:
SS is a Ponzi scheme and a complete ripoff for anyone who works for 40 plus years. If a working class person was able to put what they and their employer are forced to contribute to SS, into a simple index fund of the SP 500 for 40 years they'd easily have over a $4 Million retirement fund.HHusky said:
SS is just an insurance entitlement. It's not an investment vehicle.Bendintheriver said:
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.creepycoug said:
Do mean that you are borrowing from 401-k?Bendintheriver said:
Can you be a bigger dick? I have no idea how old you are. I am guessing 16.MikeDamone said:
Not what I do, but sounds like your approach.Bendintheriver said:
Is that what you do? If so stop being stupid.MikeDamone said:
Sell low buy high. Good strategyBendintheriver 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.
The market here is going down. When the time is right we will invest.
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
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.
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.
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.
And the poor and middle class are not harmed by collecting it. Much the opposite, in fact.
Total rip-off! -
seems like a good time to fire up some more jan 6 inquiries on tv.
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Frau Farbissina, "BRING IN THE INSURRECTIONISTS!"rodmansrage said:seems like a good time to fire up some more jan 6 inquiries on tv.
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Well, being a landlord used to be a good thing. But not anymore. Not in Commie Seattle, anyway. Sold my Seattle rental, because Fuck the City Council that sponsor's a "Renters Commission" but nothing for the property owners who turn over million dollar assets to assholes they can't even screen who can't take care of anything and want the Nanny state to protect them. Before Covid, it was still possible to sleep at night as a Seattle landlord. Not since. Fuck this town.creepycoug said:
Do mean that you are borrowing from 401-k?Bendintheriver said:
Can you be a bigger dick? I have no idea how old you are. I am guessing 16.MikeDamone said:
Not what I do, but sounds like your approach.Bendintheriver said:
Is that what you do? If so stop being stupid.MikeDamone said:
Sell low buy high. Good strategyBendintheriver 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.
The market here is going down. When the time is right we will invest.
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
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.
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. -
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HH is pathetic and not very smart. Typical lib.SFGbob said:
And there's the standard Dazzler Kunt dodge. And you could have easily designed a system that made age old and disability even less precarious. That's the point you fucking hack.HHusky said:
"Wonders"?SFGbob said:
If I die tomorrow where does all the money I paid into SS go Dazzler? Is there a tangible asset that I can leave to anyone? Can I use the money I've been forced to contribute into SS for a down payment on a first time home purchase? Touting the wonders of SS is perfectly on brand for a welfare state lover like yourself Dazzler. It's a complete ripoff for anyone who isn't a government leach and loser. Most of your drug addicts and "homeless" people you see shitting on our streets are drawing some form of SS/disabilityHHusky said:
You haven't collected the death benefit on your life insurance either, I'll bet.SFGbob said:
SS is a Ponzi scheme and a complete ripoff for anyone who works for 40 plus years. If a working class person was able to put what they and their employer are forced to contribute to SS, into a simple index fund of the SP 500 for 40 years they'd easily have over a $4 Million retirement fund.HHusky said:
SS is just an insurance entitlement. It's not an investment vehicle.Bendintheriver said:
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.creepycoug said:
Do mean that you are borrowing from 401-k?Bendintheriver said:
Can you be a bigger dick? I have no idea how old you are. I am guessing 16.MikeDamone said:
Not what I do, but sounds like your approach.Bendintheriver said:
Is that what you do? If so stop being stupid.MikeDamone said:
Sell low buy high. Good strategyBendintheriver 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.
The market here is going down. When the time is right we will invest.
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
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.
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.
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.
And the poor and middle class are not harmed by collecting it. Much the opposite, in fact.
Total rip-off!
It's simply made old age and disability a little less precarious. People used to think that was progress. -
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No. I was thinking Cabbage Patch Kid.TurdBomber said: -
It is "moderating" to some degree...because we are in a recession with deflationary pressure. Otherwise it would be even higher.46XiJCAB said:Don’t you worry bout a thing.
Joey says inflation is “moderating” but Joey is a liar so there’s that.
The fact that we STILL have inflation while in a recession is bonkers. Truly historic accomplishments. Glad to see Joey taking credit.
I'm sure H will defend it. -
Releasing all of that oil from the reserve has put downward pressure on the price but that's a temporary move designed only for the coming midterm elections.UW_Doog_Bot said:
It is "moderating" to some degree...because we are in a recession with deflationary pressure. Otherwise it would be even higher.46XiJCAB said:Don’t you worry bout a thing.
Joey says inflation is “moderating” but Joey is a liar so there’s that.
The fact that we STILL have inflation while in a recession is bonkers. Truly historic accomplishments. Glad to see Joey taking credit.
I'm sure H will defend it. -
Logical fallacy roulette. Just stop the wheel and whatever it lands on likely applies to Herr Dazzlers fucktarded logic.RaceBannon said:
Argue like a retard 101HHusky said:
You haven't collected the death benefit on your life insurance either, I'll bet.SFGbob said:
SS is a Ponzi scheme and a complete ripoff for anyone who works for 40 plus years. If a working class person was able to put what they and their employer are forced to contribute to SS, into a simple index fund of the SP 500 for 40 years they'd easily have over a $4 Million retirement fund.HHusky said:
SS is just an insurance entitlement. It's not an investment vehicle.Bendintheriver said:
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.creepycoug said:
Do mean that you are borrowing from 401-k?Bendintheriver said:
Can you be a bigger dick? I have no idea how old you are. I am guessing 16.MikeDamone said:
Not what I do, but sounds like your approach.Bendintheriver said:
Is that what you do? If so stop being stupid.MikeDamone said:
Sell low buy high. Good strategyBendintheriver 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.
The market here is going down. When the time is right we will invest.
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
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.
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.
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.
And the poor and middle class are not harmed by collecting it. Much the opposite, in fact.
Total rip-off! -
The Ghost of QuackAttack would remind you all that giving Presidents credit or blame for the economy is ignorance.UW_Doog_Bot said:
It is "moderating" to some degree...because we are in a recession with deflationary pressure. Otherwise it would be even higher.46XiJCAB said:Don’t you worry bout a thing.
Joey says inflation is “moderating” but Joey is a liar so there’s that.
The fact that we STILL have inflation while in a recession is bonkers. Truly historic accomplishments. Glad to see Joey taking credit.
I'm sure H will defend it. -
Let's see how deep you'll take that Biden cock Dazzler.HHusky said:
The Ghost of QuackAttack would remind you all that giving Presidents credit or blame for the economy is ignorance.UW_Doog_Bot said:
It is "moderating" to some degree...because we are in a recession with deflationary pressure. Otherwise it would be even higher.46XiJCAB said:Don’t you worry bout a thing.
Joey says inflation is “moderating” but Joey is a liar so there’s that.
The fact that we STILL have inflation while in a recession is bonkers. Truly historic accomplishments. Glad to see Joey taking credit.
I'm sure H will defend it.
Did the spending bills passed by the Rats and signed by Biden have any impact on our current inflation rate? Are the inflation numbers released today responsible in anyway for the "buying opportunity" as you liked to call it, in the market today? -
Econ 101 says that as prices rise, demand drops. As demand drops, price increases moderate. If you keep printing money, like the recent "Increase Inflation Now Act" just mandated, then all prices will rise and demand will collapse. See Weimer Germany or Venezuela. As capital is undermined with inflation, it will seek safety in other states or countries. The US had a huge competitive advantage in securing the safety of capital. Cho Bai Den and the chicom dems have severely eroded that advantage. Of course, that isn't a voting issue for our mythical MBA.UW_Doog_Bot said:
It is "moderating" to some degree...because we are in a recession with deflationary pressure. Otherwise it would be even higher.46XiJCAB said:Don’t you worry bout a thing.
Joey says inflation is “moderating” but Joey is a liar so there’s that.
The fact that we STILL have inflation while in a recession is bonkers. Truly historic accomplishments. Glad to see Joey taking credit.
I'm sure H will defend it. -
Remember when Dazzler paraded around like a fucking jackass claiming he was interested in fiscal responsibility?WestlinnDuck said:
Econ 101 says that as prices rise, demand drops. As demand drops, price increases moderate. If you keep printing money, like the recent "Increase Inflation Now Act" just mandated, then all prices will rise and demand will collapse. See Weimer Germany or Venezuela. As capital is undermined with inflation, it will seek safety in other states or countries. The US had a huge competitive advantage in securing the safety of capital. Cho Bai Den and the chicom dems have severely eroded that advantage. Of course, that isn't a voting issue for our mythical MBA.UW_Doog_Bot said:
It is "moderating" to some degree...because we are in a recession with deflationary pressure. Otherwise it would be even higher.46XiJCAB said:Don’t you worry bout a thing.
Joey says inflation is “moderating” but Joey is a liar so there’s that.
The fact that we STILL have inflation while in a recession is bonkers. Truly historic accomplishments. Glad to see Joey taking credit.
I'm sure H will defend it. -
Any impact? YesSFGbob said:
Let's see how deep you'll take that Biden cock Dazzler.HHusky said:
The Ghost of QuackAttack would remind you all that giving Presidents credit or blame for the economy is ignorance.UW_Doog_Bot said:
It is "moderating" to some degree...because we are in a recession with deflationary pressure. Otherwise it would be even higher.46XiJCAB said:Don’t you worry bout a thing.
Joey says inflation is “moderating” but Joey is a liar so there’s that.
The fact that we STILL have inflation while in a recession is bonkers. Truly historic accomplishments. Glad to see Joey taking credit.
I'm sure H will defend it.
Did the spending bills passed by the Rats and signed by Biden have any impact on our current inflation rate? Are the inflation numbers released today responsible in anyway for the "buying opportunity" as you liked to call it, in the market today?
And yes, inflation looks like the prime driver of the buying opportunities that presented themselves today. -
When I asked him to list the policy reasons for voting for barry, that was his ONLY policy position. Since then, the dazzler has never stated any policy decisions that leads him to a vote. He is indistinguishable from mello or the slobberer or the dementia patient while he claims to be an attorney and an MBA. Like Snow, he also thinks that Cho Bai Den is the high character candidate. Solid thinking there.SFGbob said:
Remember when Dazzler paraded around like a fucking jackass claiming he was interested in fiscal responsibility?WestlinnDuck said:
Econ 101 says that as prices rise, demand drops. As demand drops, price increases moderate. If you keep printing money, like the recent "Increase Inflation Now Act" just mandated, then all prices will rise and demand will collapse. See Weimer Germany or Venezuela. As capital is undermined with inflation, it will seek safety in other states or countries. The US had a huge competitive advantage in securing the safety of capital. Cho Bai Den and the chicom dems have severely eroded that advantage. Of course, that isn't a voting issue for our mythical MBA.UW_Doog_Bot said:
It is "moderating" to some degree...because we are in a recession with deflationary pressure. Otherwise it would be even higher.46XiJCAB said:Don’t you worry bout a thing.
Joey says inflation is “moderating” but Joey is a liar so there’s that.
The fact that we STILL have inflation while in a recession is bonkers. Truly historic accomplishments. Glad to see Joey taking credit.
I'm sure H will defend it. -
What was your big score symbol wise? Looking for some tips.HHusky said:
Any impact? YesSFGbob said:
Let's see how deep you'll take that Biden cock Dazzler.HHusky said:
The Ghost of QuackAttack would remind you all that giving Presidents credit or blame for the economy is ignorance.UW_Doog_Bot said:
It is "moderating" to some degree...because we are in a recession with deflationary pressure. Otherwise it would be even higher.46XiJCAB said:Don’t you worry bout a thing.
Joey says inflation is “moderating” but Joey is a liar so there’s that.
The fact that we STILL have inflation while in a recession is bonkers. Truly historic accomplishments. Glad to see Joey taking credit.
I'm sure H will defend it.
Did the spending bills passed by the Rats and signed by Biden have any impact on our current inflation rate? Are the inflation numbers released today responsible in anyway for the "buying opportunity" as you liked to call it, in the market today?
And yes, inflation looks like the prime driver of the buying opportunities that presented themselves today.
