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REAL WORLD EVENT DISCUSSIONS
Dow @ 20K. Time to jump off!
Wednesday, January 3, 2018 8:47 PM
6IXSTRINGJACK
Thursday, January 4, 2018 8:39 AM
JEWELSTAITEFAN
Thursday, January 4, 2018 8:40 AM
JO753
rezident owtsidr
Thursday, January 4, 2018 9:56 AM
Quote:Originally posted by JO753: OK. Jump off wen it gets to 25K.
Thursday, January 4, 2018 5:10 PM
Thursday, January 4, 2018 5:53 PM
Quote:Originally posted by JEWELSTAITEFAN: Quote:Originally posted by 6IXSTRINGJACK: Well... I did have a great job with a 401k and 100% company match until about a year after Obama was elected.:)I wasn't aware so many were refusing to participate in retirement funds, but I shouldn't be surprised. I don't even remember the last time I heard of a job without 401k.
Quote:Originally posted by 6IXSTRINGJACK: Well... I did have a great job with a 401k and 100% company match until about a year after Obama was elected.:)
Friday, January 5, 2018 5:01 PM
Friday, January 5, 2018 8:56 PM
Quote:Originally posted by JEWELSTAITEFAN: Quote:Originally posted by JEWELSTAITEFAN: Quote:Originally posted by 6IXSTRINGJACK: Well... I did have a great job with a 401k and 100% company match until about a year after Obama was elected.:)I wasn't aware so many were refusing to participate in retirement funds, but I shouldn't be surprised. I don't even remember the last time I heard of a job without 401k.I want to thank you browncoats for informing me about the lack of availability and participation of 401Ks. I have also been helping some coworkers regarding this. For the past 3 decades my employers have been in WI and now MI. Maybe some state laws make company managed 401K offers beneficial to businesses, but that is where it seemed most jobs had 401Ks or similar available. I have not looked at jobs elsewhere, so did not know. The media sampling I've had also gave no clue to the dearth of this benefit. For those not aware, I will point out a large advantage to putting your money in a tax-deferred account . this would likely not apply to Second, and 6String may already be familiar with it. If it makes sense, spread the info to your friends and family. If you do not place your money in a tax-deferred environment it will be taxed at the highest rate available for your income level, likely 25% or 35% for many of you. So if you want to contribute/shelter $10,000 you would save $2,500 - 3,500 this past year - instead of giving it to Congress to spend as wisely as they know how to. If you do place it in tax-deferred status, then you will pay income taxes on it in the year when you siphon funds from the account. WHEN YOU ARE RETIRED. Think of this in terms of today's dollars: how much money do you plan to spend each year when retired? That is how much you will withdraw, and expose to income taxes. A person this coming year who pulls out $12,000 will pay no Federal Income Tax on it, if that is the total of their income for the year. $20,000? About $800 of Fed Income Tax. You will be choosing how much Income Tax to pay based upon how much money you expose via withdrawal from your account. So, pay $5,000 - $7,000 Tax on $20,000 during your peak or highest earning years now, or pay $800 on the same $20,000 when you choose to withdraw it. In the meantime, that extra 20-30% gets to work in n your account, growing during the interim years. So the question becomes: how much do you need when you are retired? Your house would likely be paid off (mortgage). Without work needs, your food, clothing, transportation costs should be less. Likely no obligations for education. How much can you spend fishing all day? Sitting on the porch? Learning to play golf, checkers, crochet, card games? How much gas will you need for your fishing boat? Likely you won't need the same amount you are earning right now, so At that time you'll be in a lower Tax bracket and pay far less taxes when you withdraw your funds. Does this make sense to you all? It seems this is the point that many don't understand. And it must be addressed now. Once you thrown away your income to Washington, it's gone, you cannot get it back. You must choose now to save it now, so it will be there later. I hope this helps.
Friday, January 5, 2018 10:52 PM
Saturday, January 6, 2018 7:25 AM
Quote:Originally posted by JO753: Arent you going to explain the downside, JSF?
Saturday, January 6, 2018 9:20 AM
Quote:Originally posted by 6IXSTRINGJACK: Quote:Originally posted by JO753: Arent you going to explain the downside, JSF? I don't know which downside you're thinking of J0, but I did think of one for people putting the money in that have a low income. It's actually something that would effect me most likely. I thought I was going to put enough in to maximize my company match of 6%, but that depends entirely on whether or not I'm making more money next year. It's foolish to lock my money into something that will have a 10% penalty to get a 6% match if the money would have been less than what would be taxed federally. I'll only put in for the 6% match if all 6% of that is income above $12,000 next year. That way if I take it out early, I'm just paying the taxes I avoided when I pay the 10% penalty. (NOTE: I don't gamble anymore. Any money I put in would be strictly to dodge taxes and to get extra money from my employer. It would be put in the lowest earning funds with the absolute least amount of risk. Anything with zero risk/zero return would be ideal). Do Right, Be Right. :)
Saturday, January 6, 2018 9:23 AM
Saturday, January 6, 2018 10:02 AM
SECOND
The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at https://www.mediafire.com/two
Quote:Originally posted by 6IXSTRINGJACK: (NOTE: I don't gamble anymore. Any money I put in would be strictly to dodge taxes and to get extra money from my employer. It would be put in the lowest earning funds with the absolute least amount of risk. Anything with zero risk/zero return would be ideal).
Saturday, January 6, 2018 10:08 AM
Saturday, January 6, 2018 10:18 AM
Quote:Originally posted by 6IXSTRINGJACK: Buffet's life and living is gambling. He's really good at it. I just got lucky. I made a killing in the market. Especially in the small window of time I was investing. I did better than the DOW has done since Trump was president. My home is paid for. Once I upgrade a few things and get a new used car that I can rely on again, most of my money is going into my house. If I had a crystal ball, it would be a different story. Do Right, Be Right. :)
Saturday, January 6, 2018 10:31 AM
Quote:Originally posted by second: Warren Buffett knows that when the stock market is crashing is a great time to buy more of a S&P 500 index mutual fund. The chickens are running away and hawks swoop down to pick up stock cheaply. Eventually, since you are not taking the money out your 401K until you retire, the stock market will recover. You would look like a genius if you had steadily invested your money as the market crashed in 2008. You will be a genius if you continue to invest during the next market crash, even if all the chickens squawk to take your money out of the S&P 500 Index fund and place it in a nice, safe moneymarket fund.
Saturday, January 6, 2018 11:31 AM
Quote:Originally posted by 6IXSTRINGJACK: Quote:Originally posted by second: Warren Buffett knows that when the stock market is crashing is a great time to buy more of a S&P 500 index mutual fund. The chickens are running away and hawks swoop down to pick up stock cheaply. Eventually, since you are not taking the money out your 401K until you retire, the stock market will recover. You would look like a genius if you had steadily invested your money as the market crashed in 2008. You will be a genius if you continue to invest during the next market crash, even if all the chickens squawk to take your money out of the S&P 500 Index fund and place it in a nice, safe moneymarket fund. When the market crashed in 2008, I got really lucky that my company was bought out and froze our accounts in the transition to a new 401k provider for 3 months. It happened only weeks before the bottom fell out. Before that I had 4+ years of 22-30% gains. I would have lost almost 50% of what was in there if I stayed in for a year. After the crash, I got laid off, then I bought a rehab/foreclosure for little over 1/3rd what the previous owner paid for it in 2005. Now it is valued at over 60% more of what I paid for it. As of now, it's already paid for itself in the rent/mortgage that I haven't been paying on it since I bought it. So.... essentially I still have all of that money, but it's just somewhere else now. It also pays dividends every month because of the rent/mortgage that I'm not paying somebody else. Not only that, but I didn't have any income to invest since 2008. By sometime in the 1st or 2nd quarter of 2018 I should have finally earned what i used to in a single year before the late 2009 layoff. Dare I say that at least in the micro-cosom of my insignificant life, my returns beat that of even Warren Buffet. Strictly percentage-wise speaking. Do Right, Be Right. :)
Saturday, January 6, 2018 11:47 AM
Quote:Originally posted by second: Quote:Originally posted by 6IXSTRINGJACK: Buffet's life and living is gambling. He's really good at it. I just got lucky. I made a killing in the market. Especially in the small window of time I was investing. I did better than the DOW has done since Trump was president. My home is paid for. Once I upgrade a few things and get a new used car that I can rely on again, most of my money is going into my house. If I had a crystal ball, it would be a different story. Do Right, Be Right. :)Warren Buffett knows that when the stock market is crashing is a great time to buy more of a S&P 500 index mutual fund. The chickens are running away and hawks swoop down to pick up stock cheaply. Eventually, since you are not taking the money out your 401K until you retire, the stock market will recover. You would look like a genius if you had steadily invested your money as the market crashed in 2008. You will be a genius if you continue to invest during the next market crash, even if all the chickens squawk to take your money out of the S&P 500 Index fund and place it in a nice, safe moneymarket fund.
Saturday, January 6, 2018 11:48 AM
AURAPTOR
America loves a winner!
Saturday, January 6, 2018 12:00 PM
Quote:Originally posted by AURaptor: Wow.. this thread hasn't aged very well, has it?
Saturday, January 6, 2018 12:35 PM
Quote:Originally posted by JEWELSTAITEFAN: Quote:Originally posted by 6IXSTRINGJACK: Quote:Originally posted by second: Warren Buffett knows that when the stock market is crashing is a great time to buy more of a S&P 500 index mutual fund. The chickens are running away and hawks swoop down to pick up stock cheaply. Eventually, since you are not taking the money out your 401K until you retire, the stock market will recover. You would look like a genius if you had steadily invested your money as the market crashed in 2008. You will be a genius if you continue to invest during the next market crash, even if all the chickens squawk to take your money out of the S&P 500 Index fund and place it in a nice, safe moneymarket fund. When the market crashed in 2008, I got really lucky that my company was bought out and froze our accounts in the transition to a new 401k provider for 3 months. It happened only weeks before the bottom fell out. Before that I had 4+ years of 22-30% gains. I would have lost almost 50% of what was in there if I stayed in for a year. After the crash, I got laid off, then I bought a rehab/foreclosure for little over 1/3rd what the previous owner paid for it in 2005. Now it is valued at over 60% more of what I paid for it. As of now, it's already paid for itself in the rent/mortgage that I haven't been paying on it since I bought it. So.... essentially I still have all of that money, but it's just somewhere else now. It also pays dividends every month because of the rent/mortgage that I'm not paying somebody else. Not only that, but I didn't have any income to invest since 2008. By sometime in the 1st or 2nd quarter of 2018 I should have finally earned what i used to in a single year before the late 2009 layoff. Dare I say that at least in the micro-cosom of my insignificant life, my returns beat that of even Warren Buffet. Strictly percentage-wise speaking. Do Right, Be Right. :)if you had stayed in from Feb 2008 to Mar 2009, the market lost more than 50%, the Dow dropping from about 14,000 to under 6,000.
Saturday, January 6, 2018 12:40 PM
Quote:Originally posted by JEWELSTAITEFAN: I would grant that a genius is one who got out in Oct 2007 instead of Feb 2008, but I don't know anybody who did that intentionally for that purpose. I felt I did well to gain 35% between Feb 2008 and Mar 2009 while the market was dropping.
Saturday, January 6, 2018 3:35 PM
Quote:Originally posted by second: For people who doubt it, remember this: Trump never planned his days as a businessman. As he explains on the first page of "The Art of the Deal," he liked to let the day come to him -- no planned meetings, no set agendas. Just let the day unfold and sort of wing it.
Saturday, January 6, 2018 5:51 PM
Quote:Originally posted by AURaptor: Wow.. this thread hasn't aged very well, has it? Fathom the hypocrisy of a government that requires every citizen to prove they are insured... but not everyone must prove they are a citizen I'm just a red pill guy in a room full of blue pill addicts. " AU, that was great, LOL!! " - Chrisisall
Saturday, January 6, 2018 6:11 PM
Saturday, January 6, 2018 9:49 PM
Quote:Originally posted by JEWELSTAITEFAN: not sure I understand your meaning. Referring to reality backfiring on the OP?
Sunday, January 7, 2018 12:25 AM
Quote:Originally posted by AURaptor: Quote:Originally posted by JEWELSTAITEFAN: not sure I understand your meaning. Referring to reality backfiring on the OP? Exactly. Anyone should have known that merely doing 3 things.... reducing regulations, dropping the Corp tax rate and opening up drilling was going to have a net boost to the economy. Despite his twitter antics and drama, the stock market likes this administration just fine in year 1.
Sunday, January 7, 2018 9:27 AM
Quote:Originally posted by AURaptor: Quote:Originally posted by JEWELSTAITEFAN: not sure I understand your meaning. Referring to reality backfiring on the OP? Exactly. Anyone should have known that merely doing 3 things.... reducing regulations, dropping the Corp tax rate and opening up drilling was going to have a net boost to the economy. Despite his twitter antics and drama, the stock market likes this administration just fine in year 1. Fathom the hypocrisy of a government that requires every citizen to prove they are insured... but not everyone must prove they are a citizen I'm just a red pill guy in a room full of blue pill addicts. " AU, that was great, LOL!! " - Chrisisall
Sunday, January 7, 2018 9:49 AM
Quote:Originally posted by 6IXSTRINGJACK: Okay, but does that explain the dramatic record breaking increases?
Quote:I'm starting to think that the DOW exists only to make well off American Citizens root against those less fortunate than they are.
Sunday, January 7, 2018 8:16 PM
Quote:Originally posted by JO753: Quote:Originally posted by 6IXSTRINGJACK: Okay, but does that explain the dramatic record breaking increases? The Dow Jonez Industrial Averaj wuz well into fantasy land long befor Trump won.
Monday, January 8, 2018 12:32 PM
Quote:Originally posted by JEWELSTAITEFAN: Dow closed at 25,295 today. Over 220 point gain in one day.
Monday, January 8, 2018 8:42 PM
Quote:Originally posted by JEWELSTAITEFAN: Quote:Originally posted by JO753: Quote:Originally posted by 6IXSTRINGJACK: Okay, but does that explain the dramatic record breaking increases? The Dow Jonez Industrial Averaj wuz well into fantasy land long befor Trump won. An excellent example. Delusion is their reality. When confronted with reality, they consider that to be a delusion. Referring here to Jump Off, not 6.
Tuesday, January 9, 2018 4:05 PM
Quote:Originally posted by 6IXSTRINGJACK: Quote:Originally posted by JEWELSTAITEFAN: Quote:Originally posted by JO753: Quote:Originally posted by 6IXSTRINGJACK: Okay, but does that explain the dramatic record breaking increases?The Dow Jonez Industrial Averaj wuz well into fantasy land long befor Trump won. An excellent example. Delusion is their reality. When confronted with reality, they consider that to be a delusion. Referring here to Jump Off, not 6.He's got a valid point about the actual value of the publicly traded companies though. To put it in other words, do you really believe that a single bitcoin is worth $16,000+? Most people that own one couldn't even begin to tell you what it even is, let alone why it's worth that much. Speculation, more often than not, is not a good thing. When these big companies are being publicly traded, )
Quote:Originally posted by JEWELSTAITEFAN: Quote:Originally posted by JO753: Quote:Originally posted by 6IXSTRINGJACK: Okay, but does that explain the dramatic record breaking increases?The Dow Jonez Industrial Averaj wuz well into fantasy land long befor Trump won. An excellent example. Delusion is their reality. When confronted with reality, they consider that to be a delusion. Referring here to Jump Off, not 6.
Quote:Originally posted by JO753: Quote:Originally posted by 6IXSTRINGJACK: Okay, but does that explain the dramatic record breaking increases?The Dow Jonez Industrial Averaj wuz well into fantasy land long befor Trump won.
Tuesday, January 9, 2018 4:12 PM
Quote:Originally posted by AURaptor: Quote:Originally posted by JEWELSTAITEFAN: not sure I understand your meaning. Referring to reality backfiring on the OP?Exactly. Anyone should have known that merely doing 3 things.... reducing regulations, dropping the Corp tax rate and opening up drilling was going to have a net boost to the economy. Despite his twitter antics and drama, the stock market likes this administration just fine in year 1. Fathom the hypocrisy of a government that requires every citizen to prove they are insured... but not everyone must prove they are a citizen I'm just a red pill guy in a room full of blue pill addicts. " AU, that was great, LOL!! " - Chrisisall
Tuesday, January 9, 2018 4:15 PM
Tuesday, January 9, 2018 8:48 PM
Quote:Originally posted by JEWELSTAITEFAN: Do you really believe that every publicly traded company was worth only 60% of its currently trading value? Libtards believe that Obamination constriction was the real world, that their value in Oct 2016 was exorbitantly excessive and they should have been at 40% - 50% of their currently traded value. If you truly believe this, then you need to be retested for Libtard deficiency. When faced with real world numbers Obamabots believe that their delusion of market value was the real world and real world trading is the delusion of non-Obamabots. Those who can see the real world understand that we are now In the real world, and understood that for 8 years of Obamanomics we were stuck in a delusion.
Quote:Does bitcoin represent gobs of employees?
Wednesday, January 10, 2018 8:30 AM
Quote:Originally posted by 6IXSTRINGJACK: Quote:Originally posted by JEWELSTAITEFAN: Do you really believe that every publicly traded company was worth only 60% of its currently trading value? Libtards believe that Obamination constriction was the real world, that their value in Oct 2016 was exorbitantly excessive and they should have been at 40% - 50% of their currently traded value. If you truly believe this, then you need to be retested for Libtard deficiency. When faced with real world numbers Obamabots believe that their delusion of market value was the real world and real world trading is the delusion of non-Obamabots. Those who can see the real world understand that we are now In the real world, and understood that for 8 years of Obamanomics we were stuck in a delusion.Apparently you don't have any idea what the DOW is. Do a little bit of research and ask me the question again without threats of labeling me a libtard. Quote:Does bitcoin represent gobs of employees?
Wednesday, January 10, 2018 8:41 AM
Quote:Originally posted by JEWELSTAITEFAN: The last time the Dow gained 36% of all new all-time high territory within a year? When, praytell, was this?
Quote:And how did "everybody" lose all their money with the Dow gaining 35%? I'm not as familiar with the details of 1929 - is this the recent history of which you speak? Surely not 1987?
Wednesday, January 10, 2018 11:57 AM
Wednesday, January 10, 2018 4:31 PM
Quote:Originally posted by JO753: If you had enuf info, you coud figure out exactly wen the crash will happen. It will happen wen sumwun or sum group at the top gain maximum advantaj. Google knowz wen, but it wont tell us. m
Thursday, January 11, 2018 6:25 PM
Thursday, January 11, 2018 6:53 PM
Quote:Originally posted by 6IXSTRINGJACK: LOL... at this point, I have to start agreeing with JO. If I did have money in aggressive funds, it would be time to start putting it into much safer investments. The world in general is far too volitile right now, and I think we're due for a major correction. I don't see any reason why the DOW should be doing this well. Regardless of who's president, this just reeks of "bubble". And speaking of bubbles... how the fuck is BitCoin over 10,000 bucks today? If I sunk all the money I had into bitcoin this time last year when I was watching videos about it and considering it, I would be set for life. And you bet your ass I'd be selling every single one of them right now and not feeling bad if it continues to go up more before that comes crashing down. HARD. There are a lot of people who are getting into that game way too late, and they're going to lose A LOT of money. Do Right, Be Right. :)
Thursday, January 11, 2018 7:00 PM
Quote:Originally posted by JO753: And its not like the orijinal reazon haz to be truly important. All that haz to happen iz investorz start to notis that the wale iz moving, then the smaller fish will follow and in a flash its a stampede, then an avalanche that takes down everything. A possible trigger just happened. The Senate passed Trump's debt exploder bujet. Hoo cannot see the parallel to Bush jr'z wakadoodle financial poliseez?
Thursday, January 11, 2018 7:11 PM
Quote:Originally posted by second: Quote:Originally posted by 6IXSTRINGJACK: Not sure what you're getting at there JSF. Nobody is going to tell me that they've got a winning system in the market. I believe that as much as I believe people who say the same thing with slot machines. I've got a 401k next year that the company will match 100% of the first 6% of pay. That will be 100% gains just putting the money in there, on top of avoiding 10% tax penalty on anything that goes in as well. I figure between that and an HSA I should shelter most of my income from the lowest tax bracket tax next year. It's all going into safe funds though. I'm getting too old to gamble, and my money is a lot harder earned that it was when I won a lot on the market. Tax breaks and company matches are the only sure things in the market. Anybody else telling you otherwise is selling you snake oil. Do Right, Be Right. :)On the way to becoming a millionaire (actually it is $1,066,757), if you invested in Vanguard mutual funds in the last 27 years, there were 6 years when you lost money or barely broke even. 2018 could be another losing year. You never know. https://adviseronline.investorplace.com/portfolio/ Beginning Value: $50,000 Jan 1, 1991 Present Value: $1,066,757 Dec 1, 2017 Current Performance Y.T.D. 21.5% 1-yr 23.3% 3-yr 10.5% 5-yr 15.3% 2016 9.6% 2015 1.4% a poor year 2014 10.9% 2013 34.2% 2012 14.3% 2011 -1.4% a minus year 2010 14.3% 2009 34.4% 2008 -38.4% a minus year 2007 10.0% 2006 18.4% 2005 11.4% 2004 15.7% 2003: 32.0% 2002: -17.8% a minus year 2001: -6.4% a minus year 2000: 20.4% 1999: 36.3% 1998: 23.5% 1997: 23.2% 1996: 16.6% 1995 26.1% 1994: -0.2% a minus year 1993: 16.6% 1992: 6.1% 1991: 28.9%
Quote:Originally posted by 6IXSTRINGJACK: Not sure what you're getting at there JSF. Nobody is going to tell me that they've got a winning system in the market. I believe that as much as I believe people who say the same thing with slot machines. I've got a 401k next year that the company will match 100% of the first 6% of pay. That will be 100% gains just putting the money in there, on top of avoiding 10% tax penalty on anything that goes in as well. I figure between that and an HSA I should shelter most of my income from the lowest tax bracket tax next year. It's all going into safe funds though. I'm getting too old to gamble, and my money is a lot harder earned that it was when I won a lot on the market. Tax breaks and company matches are the only sure things in the market. Anybody else telling you otherwise is selling you snake oil. Do Right, Be Right. :)
Friday, January 12, 2018 4:07 PM
Friday, January 12, 2018 5:02 PM
Quote:Originally posted by second: The stock market has tended to drop when just about everyone thinks the good times will never end. Some people think we’re hitting “peak giddiness” now. Consider these stats: 63 percent of Americans believe the stock market will be higher a year from now…This is the highest level ever recorded by the survey…60 percent of market experts are bullish and only 15 percent are bearish…The P/E ratio, a widely watched gauge of how expensive the market is, has topped 21 for the Dow…It was 20 heading into the 1987 crash. Venture capital looks giddy. The stock market looks giddy. Housing prices look giddy. www.motherjones.com/kevin-drum/2017/10/the-economy-sure-looks-headed-for-a-fall/
Friday, January 12, 2018 5:29 PM
Friday, January 12, 2018 5:34 PM
Quote:Originally posted by AURaptor: This clearly isn't going to the MSM's script.
Friday, January 12, 2018 7:50 PM
Friday, January 12, 2018 8:35 PM
Quote:Originally posted by 6IXSTRINGJACK: I'm pretty sure that motherjones is a parody news site. Do Right, Be Right. :)
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