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Posted
5 hours ago, Reagan said:

Buying opportunity!  Plus, it’ll all work out.  You don’t turn a battleship around on a dime.  It takes a while!

 

1 hour ago, Reagan said:

401k contributions will buy more which will be an asset later.  

What are you even talking about? If everything goes up 20% how will we buy more later? Even if manufacturing moves here because of tariffs (which it won’t) it’ll take years to plan, design and build new facilities. 

Posted
On 4/3/2025 at 11:29 AM, baddog said:

To correct my previous post, yes, Biden WAS RIGHT for keeping Trump’s tariffs in place. There, I said it. Now, when Trump’s tariffs bring countries to the table, you do the same.

Biden’s tariffs were targeted. That’s how they’ve been used for decades. Trump and his bunch have no clue what they’re about to do.

Posted
53 minutes ago, UT alum said:

 

What are you even talking about? If everything goes up 20% how will we buy more later? Even if manufacturing moves here because of tariffs (which it won’t) it’ll take years to plan, design and build new facilities. 

Read it again:  "401k contributions will buy more which will be an asset later."  Contributions now at a lower price, you buy more stocks which when the stock market rises your 401K worth (assets) will be more.  Again, more than if this down turn didn't happen.  

Bold:  So what, you do nothing?

Posted

 

Biden's "Build Back Better" never happened.  Trump's more concerned about Main Street than Wall Street.  The stock market will be OK.  The world got called out, and they're starting to fall in line!

 

 

Posted
10 minutes ago, CardinalBacker said:

When Trump destroyed the economy last time, y’all said it wasn’t his fault-it was the pandemic. 
 

What excuse are you using now that he’s done it again?

He supposedly destroyed the economy last go around, yet you voted for him again. Makes sense.

Posted
18 hours ago, Reagan said:

Read it again:  "401k contributions will buy more which will be an asset later."  Contributions now at a lower price, you buy more stocks which when the stock market rises your 401K worth (assets) will be more.  Again, more than if this down turn didn't happen.  

Bold:  So what, you do nothing?

That’s a good strategy for a 50 year old. Not everyone is 50. Doesn’t work so well for a 70 year old. We made contributions for 40 years. Now we have to take mandatory DISTRIBUTIONS. Your myopia is showing.

Posted
23 hours ago, UT alum said:

That’s a good strategy for a 50 year old. Not everyone is 50. Doesn’t work so well for a 70 year old. We made contributions for 40 years. Now we have to take mandatory DISTRIBUTIONS. Your myopia is showing.

As a retiree living on my own savings without a retirement pension, the recent volatility is concerning. But, all is not lost. Your mandatory distributions can be reinvested--if you choose/can--and many dividend aristocrat stocks are now on the cheap. You can also pick up some very solid REIT’s at good rates right now. Interest rates are coming down. Gas is getting cheaper. There are some trade-offs.

No one likes to see their investments lose ground. But, people who scream for major pay raises and jobs always forget that higher wages and better jobs create higher costs. Many have gotten used to having basically 'slave labor' producers with safety issues and living conditions they would never work or live under producing our cheap goods.

I would rather pay less and make more also. But, we're on an unsustainable path. Something has to change. As a conservative libertarian--for lack of a better description--I'm not a fan of tariffs or currency manipulation. But, it will never stop. It can only be minimized. We'll have to wait a little to see if any of these actions help.

For perspective sake, my investments are still up almost 8% even with the recent sell-offs over the last 10 years. If you have a fairly balanced portfolio, yours should be somewhat similar. Remember, the Dow closed above 16,000 for the first time ever November 21, 2013. Barely 10 years ago. At close Friday, even after the large losses, it closed at 38,314.

Roughly 2.5x growth.

Perspective. Don't let the fear-mongers get you. You say you've been investing for 40 years. The market was around 5,000. You're still way ahead of the game.

Posted
2 hours ago, OlDawg said:

As a retiree living on my own savings without a retirement pension, the recent volatility is concerning. But, all is not lost. Your mandatory distributions can be reinvested--if you choose/can--and many dividend aristocrat stocks are now on the cheap. You can also pick up some very solid REIT’s at good rates right now. Interest rates are coming down. Gas is getting cheaper. There are some trade-offs.

No one likes to see their investments lose ground. But, people who scream for major pay raises and jobs always forget that higher wages and better jobs create higher costs. Many have gotten used to having basically 'slave labor' producers with safety issues and living conditions they would never work or live under producing our cheap goods.

I would rather pay less and make more also. But, we're on an unsustainable path. Something has to change. As a conservative libertarian--for lack of a better description--I'm not a fan of tariffs or currency manipulation. But, it will never stop. It can only be minimized. We'll have to wait a little to see if any of these actions help.

For perspective sake, my investments are still up almost 8% even with the recent sell-offs over the last 10 years. If you have a fairly balanced portfolio, yours should be somewhat similar. Remember, the Dow closed above 16,000 for the first time ever November 21, 2013. Barely 10 years ago. At close Friday, even after the large losses, it closed at 38,314.

Roughly 2.5x growth.

Perspective. Don't let the fear-mongers get you. You say you've been investing for 40 years. The market was around 5,000. You're still way ahead of the game.

I appreciate your perspective. My concern is that we’ve never had a president upset a healthy economy in such fashion. A self inflicted recession is unheard of. The consequences can’t be known, but odds are they won’t be good. 

Posted
3 hours ago, UT alum said:

I appreciate your perspective. My concern is that we’ve never had a president upset a healthy economy in such fashion. A self inflicted recession is unheard of. The consequences can’t be known, but odds are they won’t be good. 

Total deflection. He answered your post with intelligent facts. This was not your angle.

Posted
22 hours ago, UT alum said:

I appreciate your perspective. My concern is that we’ve never had a president upset a healthy economy in such fashion. A self inflicted recession is unheard of. The consequences can’t be known, but odds are they won’t be good. 

We have never had a President so determined to do what he said he was gong to do during his campaigns and before.  It should be no surprise he implemented the tariffs, because he told everyone he would. 

Inflation is down, rates are down, oil is down......If rates keep dropping, people that have been holding on to real estate will start to sell and upgrade, providing more homes in the market. 

Trump owns this, and if we don't see a good turn by 2026, he is going to loose the House and Senate......and think about that....He is so determined and confident his plan will work, he is willing to gamble on House and Senate.....and you know as well as I do, if Democrats gain house and senate, they will impeach him, or try to.  So, I think he has a pretty good idea this is going to work.

 

Posted
On 4/6/2025 at 12:27 PM, UT alum said:

A self inflicted recession is unheard of. The consequences can’t be known, but odds are they won’t be good. 

This is actually untrue on both counts. Liberal policies that attempted to allow everyone to buy a house were the major contributing factor to the global meltdown & global recession in 2008.

I’m not a D or R as they’re opposite sides of the same coin. Government rarely does anything well when it meddles with the economy. Regardless of elephant or ass.

Posted
On 4/4/2025 at 4:29 PM, Reagan said:

Read it again:  "401k contributions will buy more which will be an asset later."  Contributions now at a lower price, you buy more stocks which when the stock market rises your 401K worth (assets) will be more.  Again, more than if this down turn didn't happen.  

Bold:  So what, you do nothing?

You were saying none of this when Biden was President. What's the difference

Posted
2 hours ago, thetragichippy said:

We have never had a President so determined to do what he said he was gong to do during his campaigns and before.  It should be no surprise he implemented the tariffs, because he told everyone he would. 

Inflation is down, rates are down, oil is down......If rates keep dropping, people that have been holding on to real estate will start to sell and upgrade, providing more homes in the market. 

Trump owns this, and if we don't see a good turn by 2026, he is going to loose the House and Senate......and think about that....He is so determined and confident his plan will work, he is willing to gamble on House and Senate.....and you know as well as I do, if Democrats gain house and senate, they will impeach him, or try to.  So, I think he has a pretty good idea this is going to work.

 

He is delusional. What is his plan?

Posted
32 minutes ago, Big girl said:

He is delusional. What is his plan?

Follow him on Truth Social, Follow him on X - Watch Fox News......

He has spoken to the press more in the 3 months in office than Biden did in 4 years. Do your homework, then I'll debate the issues you have with it. 

Posted
38 minutes ago, OlDawg said:

This is actually untrue on both counts. Liberal policies that attempted to allow everyone to buy a house were the major contributing factor to the global meltdown & global recession in 2008.

I’m not a D or R as they’re opposite sides of the same coin. Government rarely does anything well when it meddles with the economy. Regardless of elephant or ass.

Are you serious? Liberal policies did not create or abuse Credit Default Swaps. Nor did they have anything to do with bundling no doc subprime loans and securitizing them. That was Wall Street greed and Bush era banking and securities deregulations. 

Posted
12 minutes ago, UT alum said:

Are you serious? Liberal policies did not create or abuse Credit Default Swaps. Nor did they have anything to do with bundling no doc subprime loans and securitizing them. That was Wall Street greed and Bush era banking and securities deregulations. 

False, that nonsense has been debunked so many times, but some hold on to it.

I’m sure you probably still support the Steele dossier.

This is the hidden content, please

From the article:

Bush asked Congress several times to investigate the lending practices of Fannie Mae and Freddie Mac. The problem started when the Clinton administration forced Fannie and Freddie to expand mortgage loans (by lowering the standards) to U.S. residents who don't qualify for traditional home loans.

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