stock market was up today...

#12,751
#12,751
marcusluvsvols said:
I will never be able to retire, but have known that for decades. I am 45yo and a superintendent for a construction company. Better question is how much longer will i have a 401k? Maybe 10 years? Who knows honestly. Not in a white collar field where 401ks are the norm. Got 1 in college and a 14yo that will be there not long after the Son finishes...

I watched the 08 recession break my Dads retirement $....lost over $100k about 5 years before retirement. Luckily he had USAF Colonel retirement and SS....but died about 6 years after retiring from cancer...i have nothing but my 401k and will probably never see a dime of SS due to cancer and our inept govt. I am not cool with losing even more $ because of the Liberal mass hysteria event known as CV19 nor the dementia addled administration fudging up everything they can get their hands on.

Even with runaway inflation ...bare shelves...ignorant(or intentional?) Market interference with pipelines...lumber...tarriffs...a laundry list of poor decisions and inept leadership...even with ALL of that, i would probably leave my $ in the market if it looked like there was ANY reason to be optimistic about the future . ANY logical reason to think a MEGA recession wasnt imminent. I dont think there is any. Period. Supply chain issues may cripple this economy for a couple years even if we had good leadership. We simply do not. National shortage of truck drivers of 15k to 20k drivers already....so Numbnuts makes an EO clamping down on ANY driver entering the US must have a Vax ID card. Lumber prices are still thru the roof and Biden makes another brilliant EO adding a double digit tarriff to lumber products entering the US. Guess where the majority of our studs, plate, headers etc at my job building apartments comes from? Effing Canada!!! We buy them by the BOXCAR. I cant even get all the lumber i need to finish my project right now...everything takes 1 to 2 WEEKS to get an 18 wheeler of 2x10s or 2x6s etc...normal is 2 to 3 days...and this stupid mofo adds tarriffs to THAT quagmire??? A person cannot be that damn stupid.

This is intentional. Should have been clear when Numbnuts filed more than 50 preconceived EOs in his 1st 48hours in office...cancelling pipelines. Moratorium on any new drilling offshore etc etc. It isnt an accident when you wreck an economy by executive orders because they KNEW their "grenade toss" ideas would never make it thru the Senate (you know, the actual legislative body of our gov that is supposed to make the laws).

I want my money where the Bidens and Pelosi $ is. Where the fools who are destroying this country in every conceivable manner have THEIR money and stand to make a profit. If I cannot do that....please just direct me to somewhere i can put my little chump change life savings that these effing clowns cannot lose it all for me...just reduce its purchasing power by devaluing our currency. Dont think theres any way around that?

Thanks for your help guys. I am gonna try and sit this recession out. Hope to see yall on the other side.
Click to expand...
10 years out? That’s a long horizon.

Please don’t sell your positions- you just lock in the losses.

Leave them alone.
Don’t look at it.
Check back in 6 months.

JMO
 
#12,752
#12,752
85SugarVol said:
10 years out? That’s a long horizon.

Please don’t sell your positions- you just lock in the losses.

Leave them alone.
Don’t look at it.
Check back in 6 months.

JMO
Click to expand...
Certainly things can change, but as you look at these graphs, think about all the national and international events, the various people who have been President, wars, threats of war, etc. that have happened over the decades.8BA4CBB0-C070-4B4B-BF03-7D6D167C3140.jpeg6950C80E-CC45-4C05-A55B-8EC7F2273F83.jpegCFCA4B75-20C0-46F7-88FA-5257F1467953.jpeg
 
#12,753
#12,753
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#12,756
#12,756
marcusluvsvols said:
I will never be able to retire, but have known that for decades. I am 45yo and a superintendent for a construction company. Better question is how much longer will i have a 401k? Maybe 10 years? Who knows honestly. Not in a white collar field where 401ks are the norm. Got 1 in college and a 14yo that will be there not long after the Son finishes...

I watched the 08 recession break my Dads retirement $....lost over $100k about 5 years before retirement. Luckily he had USAF Colonel retirement and SS....but died about 6 years after retiring from cancer...i have nothing but my 401k and will probably never see a dime of SS due to cancer and our inept govt. I am not cool with losing even more $ because of the Liberal mass hysteria event known as CV19 nor the dementia addled administration fudging up everything they can get their hands on.

Even with runaway inflation ...bare shelves...ignorant(or intentional?) Market interference with pipelines...lumber...tarriffs...a laundry list of poor decisions and inept leadership...even with ALL of that, i would probably leave my $ in the market if it looked like there was ANY reason to be optimistic about the future . ANY logical reason to think a MEGA recession wasnt imminent. I dont think there is any. Period. Supply chain issues may cripple this economy for a couple years even if we had good leadership. We simply do not. National shortage of truck drivers of 15k to 20k drivers already....so Numbnuts makes an EO clamping down on ANY driver entering the US must have a Vax ID card. Lumber prices are still thru the roof and Biden makes another brilliant EO adding a double digit tarriff to lumber products entering the US. Guess where the majority of our studs, plate, headers etc at my job building apartments comes from? Effing Canada!!! We buy them by the BOXCAR. I cant even get all the lumber i need to finish my project right now...everything takes 1 to 2 WEEKS to get an 18 wheeler of 2x10s or 2x6s etc...normal is 2 to 3 days...and this stupid mofo adds tarriffs to THAT quagmire??? A person cannot be that damn stupid.

This is intentional. Should have been clear when Numbnuts filed more than 50 preconceived EOs in his 1st 48hours in office...cancelling pipelines. Moratorium on any new drilling offshore etc etc. It isnt an accident when you wreck an economy by executive orders because they KNEW their "grenade toss" ideas would never make it thru the Senate (you know, the actual legislative body of our gov that is supposed to make the laws).

I want my money where the Bidens and Pelosi $ is. Where the fools who are destroying this country in every conceivable manner have THEIR money and stand to make a profit. If I cannot do that....please just direct me to somewhere i can put my little chump change life savings that these effing clowns cannot lose it all for me...just reduce its purchasing power by devaluing our currency. Dont think theres any way around that?

Thanks for your help guys. I am gonna try and sit this recession out. Hope to see yall on the other side.
Click to expand...

401K are the long game. If you pull or pause you don't get opportunity to take advantage of market being low. Good news is it'll rebound before you retire the bad news is it'll have down years before you retire.
 
#12,758
#12,758
marcusluvsvols said:
I will never be able to retire, but have known that for decades. I am 45yo and a superintendent for a construction company. Better question is how much longer will i have a 401k? Maybe 10 years? Who knows honestly. Not in a white collar field where 401ks are the norm. Got 1 in college and a 14yo that will be there not long after the Son finishes...

I watched the 08 recession break my Dads retirement $....lost over $100k about 5 years before retirement. Luckily he had USAF Colonel retirement and SS....but died about 6 years after retiring from cancer...i have nothing but my 401k and will probably never see a dime of SS due to cancer and our inept govt. I am not cool with losing even more $ because of the Liberal mass hysteria event known as CV19 nor the dementia addled administration fudging up everything they can get their hands on.

Even with runaway inflation ...bare shelves...ignorant(or intentional?) Market interference with pipelines...lumber...tarriffs...a laundry list of poor decisions and inept leadership...even with ALL of that, i would probably leave my $ in the market if it looked like there was ANY reason to be optimistic about the future . ANY logical reason to think a MEGA recession wasnt imminent. I dont think there is any. Period. Supply chain issues may cripple this economy for a couple years even if we had good leadership. We simply do not. National shortage of truck drivers of 15k to 20k drivers already....so Numbnuts makes an EO clamping down on ANY driver entering the US must have a Vax ID card. Lumber prices are still thru the roof and Biden makes another brilliant EO adding a double digit tarriff to lumber products entering the US. Guess where the majority of our studs, plate, headers etc at my job building apartments comes from? Effing Canada!!! We buy them by the BOXCAR. I cant even get all the lumber i need to finish my project right now...everything takes 1 to 2 WEEKS to get an 18 wheeler of 2x10s or 2x6s etc...normal is 2 to 3 days...and this stupid mofo adds tarriffs to THAT quagmire??? A person cannot be that damn stupid.

This is intentional. Should have been clear when Numbnuts filed more than 50 preconceived EOs in his 1st 48hours in office...cancelling pipelines. Moratorium on any new drilling offshore etc etc. It isnt an accident when you wreck an economy by executive orders because they KNEW their "grenade toss" ideas would never make it thru the Senate (you know, the actual legislative body of our gov that is supposed to make the laws).

I want my money where the Bidens and Pelosi $ is. Where the fools who are destroying this country in every conceivable manner have THEIR money and stand to make a profit. If I cannot do that....please just direct me to somewhere i can put my little chump change life savings that these effing clowns cannot lose it all for me...just reduce its purchasing power by devaluing our currency. Dont think theres any way around that?

Thanks for your help guys. I am gonna try and sit this recession out. Hope to see yall on the other side.
Click to expand...

What's Trading On Capitol Hill


I watch this website some but considering it isn't real time trades, it doesn't help much. They buy/sell and it could be days or weeks before it gets reported or updated.

I think the Congressional trades should be made public and in real time on a new website. Untill that happens they shouldn't be able to trade.
 
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#12,759
#12,759
Orange_Vol1321 said:
What's Trading On Capitol Hill


I watch this website some but considering it isn't real time trades, it doesn't help much. They buy/sell and it could be days or weeks before it gets reported or updated.

I think the Congressional trades should be made public and in real time on a new website. Untill that happens they shouldn't be able to trade.
Click to expand...

 
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#12,762
#12,762
Orange_Vol1321 said:
What's Trading On Capitol Hill


I watch this website some but considering it isn't real time trades, it doesn't help much. They buy/sell and it could be days or weeks before it gets reported or updated.

I think the Congressional trades should be made public and in real time on a new website. Untill that happens they shouldn't be able to trade.
Click to expand...
Members of Congress and their immediate family members should be restricted to only being able to hold investments in broad-based index funds such as an S&P 500 index fund as long as they serve in Congress. Period.
 
#12,763
#12,763
Vol423 said:
Members of Congress and their immediate family members should be restricted to only being able to hold investments in broad-based index funds such as an S&P 500 index fund as long as they serve in Congress. Period.
Click to expand...

That sounds nice, but elected officials shouldn’t be restricted from owning a company’s equity just because it is publicly traded. Having some type of oversight when trading is reasonable. If Buffett, Elon, Zuck, Gates, or other large shareholders wanted to serve in a public office then they shouldn’t be required to liquidate their ownership. Same with smaller issues if a founder that controls the voting stock wanted to serve as well. There just need to be clear rules, reporting, and painful punishments handed out when rules aren’t followed.

If a professional day trader was to serve, other than being odd, they shouldn’t be allowed on certain committees. If a farmer/congressman, and there would have been a lot of them 200 years ago, were to serve should they have to sell their farm or recuse themselves from voting on legislation directly benefiting all farmers? Or should they be allowed to push for legislation that indirectly or directly benefits them as business owners?
 
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#12,764
#12,764
Vol423 said:
Members of Congress and their immediate family members should be restricted to only being able to hold investments in broad-based index funds such as an S&P 500 index fund as long as they serve in Congress. Period.
Click to expand...
I agree with you but if a website was live that showed their real time trades, the average American could buy or sell with them.
 
#12,767
#12,767
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#12,769
#12,769
Vol423 said:
Members of Congress and their immediate family members should be restricted to only being able to hold investments in broad-based index funds such as an S&P 500 index fund as long as they serve in Congress. Period.
Click to expand...
That won't stop it. Their third cousins twice removed will then become amazingly wealthy... And transfer that wealth via some sham businesses. Thugs gonna thug.
 
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