Themaddness
Active Member
- Messages
- 197
Any takers on guessing the bottom today?
And what will be...or something like that!Your portfolios & 401K's are being unburdened by what has been.
"I cured the economy and the environment, and a few other small things."
Follow what he is doing! He's def the smartest guy in the room.Read a report today that the last 4 recessions were immediately proceeded by a fed rate cut.
Haven’t we been hearing the fed is going to cut rates in Sept?
Amazing the amount of stocks Buffet has been dumping, reportedly more than he’s ever dumped in this short of a timeframe.
“Interesting” times ahead
Isn’t that the same outlet that said Biden was sharper than ever two weeks before he dropped out? Seems on par for them.What’s funny is Jim Cramer from cnn was just saying. how August was going to be a great month for the Dow jones.
I hope we don't have more yellow busses for the next generation...A few weeks ago I would have agreed, but it looks unlikely the president that raised the debt the most per year in history is going to get another chance.
Talk of action on the debt makes for good conversation but neither party has any plan or intent to deal with it. accept it , it's like a lot of problems we're going to leave it for the next generation to worry about.
Yea, we are only what, 35 TRILLION in debt now. What’s next? If guberment had to run like a private business they would have been out of business a LONG time ago.The economy looks strong. Now would be a good time to raise the debt ceiling in preparation for a new President.
If we do, they better be electric.I hope we don't have more yellow busses for the next generation...
It isn't over yet Tog. Hold on to what you have. It's been pretty good fir a long, long time. I've learned not to feel to confident about money, as it can disappear fast. The U.S. is in a deep deficit and you know that. The deep state is trying to take our money, our freedom and reduce the population. They are not our friends. It's no conspiracy theory.Markets up "bigly" this morning on unemployment report. so much for the end of the world freak out.
Well, I can say I would not recommend taking investment advice from MM.
With that said, I just invest with boring Mutual Funds. Day trading, and Crypto are out! Sure people make money with it but for many who do, there are more who do not.
Look at the history of the DOW over the past 80 or so years. I believe it’s averaged 10%. With a historical average of 3.5% inflation, it’s still a great return.
I readily agree that this administration is a disaster and needs to be replaced. However, I’d be careful to move your life savings, based off of a temporary down in the market.
Could not agree more. I’m a big Dave Ramsey fan….and dont take advice from tik tok or these guys on youtube.
I have found the ramsey plan very beneficial.
Everything you have if you are put in a nursing home but you won’t care if your in a dazeThis administration is going to be replaced with this administration so don't expect much change.
Nobody has all the answers, but you have to take a few risks to win much. I can lose a lot and still be way ahead of the game. and I know how much money I'm going to need in 20-30 years, none. if I'm even still alive I'll be bumbling around in a daze like Biden and trump so how much money does it take for that.
If you don't want to lose what you have to a nursing home look into a trust 7 years before you get in bad shape.Everything you have if you are put in a nursing home but you won’t care if your in a daze
So are you selling all your stock holdings now or waiting until closer to the election?Here is my Alex Jones conspiracy, Market is going to be higher than Hell up till the election, Tump is going to take over , the country is going to see a major sh!t show (peaceful protest) Market is going to crash and it will all be Tumps fault. Pretty sure I have enough toilet paper to get me through all the excitment.
But 75% of the time the SP500 hits a new high, it never goes that low again. (IIRC)It is important to remember that historically the market only spends about 25% of the time making new highs. The rest of the time it’s dropping or recovering lost ground.
53 years ago today Nixon abandoned the Gold standard. The dollar has plummeted ever since. Cue the Fiat money printers & private central bankers becoming federally licensed counterfeiters. Finance never ending wars & massive govt. expansion with unending debt. It's been great.![]()
If youre over the age of 60 and youre not drying your tears with 100 dollar bills then seriously WTF have you been doing your whole life?
Truth. I didn't start putting anything away till I was in my young 30's. I started with about 10% of pay day and eventually put in more. I was born with a plastic spoon and was always spooked. We chose to payoff the things we bought on credit (autos, furniture, and eventually the house about 6 years ago). I now brow beat my boys into putting as much as they can away into some mix of investments. I do well in retirement, but can always think I could have done a whole lot better with some smarts and courage.Many young people piss it away because they never thought they's live as long as they usually do. I didn't.