stock market was up today...

#12,851
#12,851
The dollar is the strongest currency on earth. Stronger than gold. You are just so spoiled you have never had to deal with it before. Companies are DESPERATE to hire. Supply chains are re arranging. Criminals are being dealt with. Historical numbers say we explode after this. All you have to do is hold on for 6 months at most (prolly not that long).
 
#12,852
#12,852
NorthDallas40 said:
Yep. We are going to see the economy have a case of explosive diarrhea when it 💩 the bed in Q2
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Should have liquidated your entire 401K last year and throw it back in for 3rd quarter this year. Maybe retire next year. 🙂

Weren’t you on here when we hit the Covid drop thinking about that, lol? It crossed my mind too.
 
#12,854
#12,854
rjd970 said:
Should have liquidated your entire 401K last year and throw it back in for 3rd quarter this year. Maybe retire next year. 🙂

Weren’t you on here when we hit the Covid drop thinking about that, lol?
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Yep. And I missed out on COVID couldn’t pull the trigger was literally in cash just before the drop 😥 But that being my first pandemic and all I didn’t feel too comfortable with my life savings possibly vanishing in a week. But that also made me realize I needed to get professional management which I have now.

As for retirement now my pension plan has a lump sum option which bases payout on a rate locked in last December. The rate used to extrapolate the annuity is 0% which is as good as it can be. Basically take your annuity and multiply by your years left from actuarial tables. So I’m about to come into some SERIOUS pretax cash that my pro advisor will invest sometime in Q3. I’m gonna be just fine 😎
 
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#12,856
#12,856
Trump and Biden decided to increase the money supply by 40% over a two year period. More dollars in circulation= higher prices. 25% of all dollars ever created in the history of the USA were created in 2020. Takes a little time to get into circulation via the banking system.... usually 18 months or so.

Now the Fed is trying to tame the inflation they created. About 80% of the time it causes a recession.

From a political perspective, I doubt most of the morons in DC read much about economics while getting their liberal Yale Law degrees. For Biden, if he understood the process (doubtful) he should want the recession sooner rather than later. When it bottoms and then the Fed starts panicking and cuts rates you'll get the inevitable recovery.

For HW Bush, he had the misfortune of the recession hitting on election year. By the time Clinton was sworn in it was already over.
 
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#12,858
#12,858
Carl Pickens said:
Lol…. It’s actually a real on. Pretty sad isn’t it?
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There is your 32%.

After calling the "insurrectionist" wing of the Republican Party the new Tea Party, Elrod proceeded to praise President Biden's economic record, although a recent Fox News pollshowed 77 percent of respondents rating the economy negatively, including 63 percent of Democrats.
 
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#12,859
#12,859
NorthDallas40 said:
Yep. And I missed out on COVID couldn’t pull the trigger was literally in cash just before the drop 😥 But that being my first pandemic and all I didn’t feel too comfortable with my life savings possibly vanishing in a week. But that also made me realize I needed to get professional management which I have now.

As for retirement now my pension plan has a lump sum option which bases payout on a rate locked in last December. The rate used to extrapolate the annuity is 0% which is as good as it can be. Basically take your annuity and multiply by your years left from actuarial tables. So I’m about to come into some SERIOUS pretax cash that my pro advisor will invest sometime in Q3. I’m gonna be just fine 😎
Click to expand...

good post. Don't fick around with these cryptos. No experience .
 
#12,862
#12,862
NorthDallas40 said:
Yep. And I missed out on COVID couldn’t pull the trigger was literally in cash just before the drop 😥 But that being my first pandemic and all I didn’t feel too comfortable with my life savings possibly vanishing in a week. But that also made me realize I needed to get professional management which I have now.

As for retirement now my pension plan has a lump sum option which bases payout on a rate locked in last December. The rate used to extrapolate the annuity is 0% which is as good as it can be. Basically take your annuity and multiply by your years left from actuarial tables. So I’m about to come into some SERIOUS pretax cash that my pro advisor will invest sometime in Q3. I’m gonna be just fine 😎
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Yes. Taking a lump sum pension buyout and rolling it over into a Roth IRA is a great idea when interest rates are near the bottom. The actuarial tables will calculate a smaller lump sum buyout when interest rates are higher.
 
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#12,863
#12,863
IluvdoubleD's said:
The dollar is the strongest currency on earth. Stronger than gold. You are just so spoiled you have never had to deal with it before. Companies are DESPERATE to hire. Supply chains are re arranging. Criminals are being dealt with. Historical numbers say we explode after this. All you have to do is hold on for 6 months at most (prolly not that long).
Click to expand...

Will energy prices be lower then? If they are it's because the economy tanked. We won't get very far with high energy prices unless everyone gets significant raises, and that is growing increasingly unlikely with more and more companies cutting sales forecasts. That's just the way it works.
 
#12,865
#12,865
norrislakevol said:
Will energy prices be lower then? If they are it's because the economy tanked. We won't get very far with high energy prices unless everyone gets significant raises, and that is growing increasingly unlikely with more and more companies cutting sales forecasts. That's just the way it works.
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The economy might be in the ******* 6 months from now, but equity markets look much further out. A 2023 economic recovery means stocks should bottom out soon. But I’d maybe wait to see how much more disruption Putin could be unleashing. I think that the pandemic, interest rates, and employment opportunities are pretty much factored in. Oppressive corporate tax hikes probably will be deferred until after the November elections and Republican control of either legislative body could end that possibility all together. Do need to reverse that cost of diesel though. That might be difficult to accomplish as long as the extreme Left continues to be pandered to by the Dems.
 
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#12,866
#12,866
we just did hikes. Big hikes. That's why we are expensive rn. I sell renovate houses. It's a freakibg tough market rn getting way tougher. I also know why. There is going to be an explosion after this mess .
 
#12,868
#12,868
IluvdoubleD's said:
we just did hikes. Big hikes. That's why we are expensive rn. I sell renovate houses. It's a freakibg tough market rn getting way tougher. I also know why. There is going to be an explosion after this mess .
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Houses were ridiculously over priced before the rates slid up. They’ll simply adjust to what the buyers can afford to pay each month and when interest is a bigger piece there’s less profit for the speculators.
 
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#12,869
#12,869
Thunder Good-Oil said:
Yes. Taking a lump sum pension buyout and rolling it over into a Roth IRA is a great idea when interest rates are near the bottom. The actuarial tables will calculate a smaller lump sum buyout when interest rates are higher.
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It literally can’t get any better for me than it is right now. 0% interest rate man.
 
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#12,870
#12,870
NorthDallas40 said:
It literally can’t get any better for me than it is right now. 0% interest rate man.
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Yes. The present value of the monthly pension payment 20 years from now is equal to the PV of the payment next month. Plus, if somebody dies in the month that they turn 65, their total pension payouts are zero or close to it. But some plans do have a minimum number of years that beneficiaries will be paid. Tyler Summitt is living well on Pat’s state of Tennessee pension.
 
#12,871
#12,871
The NASDAQ has been in bear territory for a while. The S&P crossed into bear territory today. The DOW is 3% from bear territory. And the trend is still down down down.

Already half way to the technical definition of recession also.

Average pullback in a bear market I believe is 35%. I’m thinking it’s time to look for an off ramp for a bit.
 
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#12,872
#12,872
FTN7DwsX0AIKio8
 
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