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KaiserSoce
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Stock Market closes at an all time high
Oct 28 2019 08:58PM more by KaiserSoce
Tags: Current Events

But that doesn’t seem to be news.

You wouldn’t know it even happened if you looked at most news web sites.
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NY Times
      
There are 15 comments on this blog.
MMarblez
CA
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since Apr 8 2018

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Oct 28 2019 09:12PM     link to this


Syria seems to be going better than expected as well.

Oh and we killed that ISIS fucker.

I had a great nap today too FTW!
bwana
Santa Monica, LA, CA
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Oct 28 2019 09:28PM     link to this

Federal deficit is up 26% as well.
KaiserSoce
CA
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Oct 28 2019 09:50PM     link to this

Haaaa .... you just made my point!

Husband - “Whooo hooo, Honey, I just got a raise.”

Wife- “Yeah... Well uncle Joe still has cancer!”

It’s impossible to celebrate anything anymore.

From bipartisan.org

The Congressional Budget Office reported that the federal government generated a surplus of $83 billion in September, the final month of Fiscal Year 2019. This brings the total FY2019 deficit to $984 billion, 26 percent ($205 billion) higher than last year’s deficit. If not for timing shifts of certain payments, this year’s deficit would have been 21 percent ($162 billion) larger than the deficit in FY2018. On an apples-to-apples basis, total revenues in FY2019 increased by 4 percent ($133 billion), while spending increased by 7 percent ($294 billion), compared to the prior fiscal year.

Revenue increased. Spending decreased.... but we are still upside down!

EVERYTHING SUCKS!




gilbert33
Fountain Valley, OC, CA
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Oct 28 2019 10:02PM     link to this

Several years ago when I was in the military our Company Commander had us attend a financial meeting with an financial adviser who gave a talk on Roth IRAs. I signed up and started with $100 per month. I max my contributions every year now. I invested in low commission index funds and still do. Best financial decision I have made. Tax free withdrawals starting at 59 1/2 years old. I still have over a decade to go and should have around half a million when I reach that age.
KaiserSoce
CA
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Oct 28 2019 10:08PM     link to this

Seeeeee.... that’s what I’m talking about!

Why not celebrate the moment!

Roth’s are cool as shit! Pay the tax on the initial investment.... let it grow tax free!

I’m sure someone will want to snap you back into the real world and warn you of the looming bubble burst, crash, and recession.
gilbert33
Fountain Valley, OC, CA
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Oct 28 2019 10:57PM     link to this

Been through 2 recessions. Watched my Roth drop nearly 40%.then watched it come back and gain a heck of a lot more.
Never wavered never sold. I am in it for the long haul.
I did move the index funds to a real estate fund after the last crash and increased it over 70% in 2 years then went back to the index funds.
When i get about 5 years to 59 1/2 i will transfer the funds into stable interest earning accounts.
I will do the same with my other traditions IRAs at about 5 -7 years or so to retirement.
ocguy66
OC, CA
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Oct 28 2019 11:01PM     link to this

I buy lotto tickets
KaiserSoce
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Oct 28 2019 11:32PM     link to this

^^^ A man with a plan!
stixie
Woodland Hills, SFV, LA, CA
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Oct 29 2019 12:26AM     link to this

2005-2006 the stock market was REALLY kicking ass too

Amazing how quickly greedy suckers forget
KaiserSoce
CA
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Oct 29 2019 05:26AM     link to this

Nope ... no one is forgetting.

A downturn is coming at some point. Tomorrow, next week, next year... 202_ .

It’s cyclical. The economy must expand and then contract... then expand and......

But why not celebrate the wins?

Because some fuckers are so mad and bitter they would rather say “bah humbug” to everything rather than celebrate something good... that someone might say is because of Trump.

Fuck that. Celebrate EVERY win! Then you can argue about who deserves the credit.

Or why bad news is eventually coming... so you should not be happy about today.

My money is growing. And when the market dips... or dives... I’ll lose a bundle, I’ll shed a tear. And then go back to making more money.

Warren Buffet believes the Stock market will hit 50,000 in the next 20 years.

It will surely drop. Maybe significantly... but then it will grow again.

That cycle will continue until the machines take over.
KaiserSoce
CA
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Oct 29 2019 05:45AM     link to this

Here is an article that might help people not fear market volatility.

Within 5 - 7 years of needing your money... adjust your portfolio to a safer investments.
Have 8-10-15-20 years before you need it?

Ride the roller coaster.
Attached Links
Historical stock market recovery times
KaiserSoce
CA
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since Oct 2 2017

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Oct 29 2019 06:00AM     link to this

Got a friend who told me to buy Ford when it dropped to $1.88 in 08. He bought about a million worth. Sold it in 2011 when it hit 18.00.

I didn’t buy. I missed it
KaiserSoce
CA
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Oct 29 2019 06:18AM     link to this

It’s pretty cool that Green Bay owns their team and not some fat cat.
gilbert33
Fountain Valley, OC, CA
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Oct 29 2019 06:48PM     link to this

Nobody knows for sure when the next downturn will hit. If I could predict that then I would know when to move money out of stocks/index funds and into stable interest only funds. Then move it back before the upturn. the best idea for me and many others is to invest for the long term, do not try to pick individual stocks, invest in index type funds and move money out of those funds when you get close to retirement.
Facephuckker
Austin, TX
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Oct 30 2019 10:14AM     link to this

phuckk ny, I miss my carnegie deli cheesecake
There are 15 comments on this blog.