The truth is not drivel, even though many prefer not to believe it.

I predict that with stock market de regulation, irresponsible tax cuts, and a Con man president who is better at deceiving than conceiving sound financial policies, hard times are coming.

 

Times are always hard for those that just dont understand how the world works---
or even the country they live in----

 

Stocks go up, and stocks go down, with a general uptrend.

Good times have happened since we elected Trump, but doggo, ya missed out...again.
And when there are good times, we're due for some bad ones. That's how it works.

 

I could say something, but I won't.

 

I would go into explaining the difference between the Dot-Com bubble and today's DOW, NASDAQ and S&P500 rise, then talk about how today's market action is NOT a bubble-- followed by thoroughly explaining how today's market climate is based on pure basic fundamentals starting from the morning open after Trump's brilliant election win. Then I'd talk about Alan Greenspan, Janet Yellen, and (who I hope is the new Fed Reserve chair) John Taylor and how that change could impact the market....

But, it'd be much easier to put it this way:
If this were the infancy of the Dot-Com bubble (circa 1998), Snap Inc. would be overvalued like pets.com at the time.

Think about it.

 

you just said it all.....

no answer is an answer...

- RandyKnight

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What you call "drivel" is my well documented explanation of how the U.S. economy has worked essentially since 1900. Tax cuts for the rich and de regulation do not grow the economy; they grow the national debt, and lead to recessions. Tax increases for the rich and plenty of economic regulations grow the economy. That is why the economy has usually preformed better when the Democrats were in charge.

I could prove my case again, using the U.S. Department of Commerce and The Wall Street Journal to substantiate my factual assertions. Once again you would demonstrate the following maxim:

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It is difficult to get a man to understand something when his salary depends upon his not understanding it.

- Upton Sinclair

 

People were talking that way right before the stock market crash of 1929, and more recently.

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Dow 36,000: The New Strategy for Profiting From the Coming Rise in the Stock Market is a 1999 book by syndicated columnist, James K. Glassman and American Enterprise Institute scholar and former Federal Reserveeconomist, Kevin A. Hassett.[1][2] in which they argued that stocks in 1999 were significantly undervalued and concluded that there would be a fourfold market increase with the Dow Jones Industrial Average (DJIA) rising to 36,000 by 2002 or 2004.[3][4] The book was published in 1999, shortly before the dot-com bubble burst and the 2001 September 11 attacks, and had predicted that stocks would rise quickly to 36,000. Instead the DJIA fell dramatically.
https://en.wikipedia.org/wiki/Dow_36,000

The dot-com bubble (also known as the dot-com boom, the dot-com crash, the tech bubble, the Internet bubble, the dot-com collapse, and theinformation technology bubble)[1] was a historic economic bubble and period of excessive speculation that occurred roughly from 1997 to 2001, a period of extreme growth in the usage and adaptation of the Internet by businesses and consumers. During this period, many Internet-based companies, commonly referred to as dot-coms, were founded, many of which failed.

During 2000–2002, the bubble collapsed.
https://en.wikipedia.org/wiki/Dot-com_bubble

"Why I Was Wrong About 'Dow 36,000'
By JAMES K. GLASSMAN

In 1999, I co-authored a book called "Dow 36,000" that became, in some circles, a notorious symbol for bullishness about the stock market. While the book had a provocative title, its fundamental message was mainstream: Long-term investors should load up on U.S. stocks.

For most periods of 10 years or more, shares of U.S. companies produced far greater gains than bonds, at much the same risk. Yes, stocks bounced wildly up and down, but your job as an investor was to hang on and collect your reward for perseverance at the end of the ride. So, like most sensible financial advisers, I told readers to tilt their retirement portfolios strongly toward stocks—but with an extra large dollop of optimism because stocks at the time seemed undervalued.

I was wrong."
https://www.bogleheads.org/forum/viewtopic.php?t=69554

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It always seems different, right before the crash.

 

I wonder how many people believed this at the time.




November 19, 2008

The DOW Jones Industrial Average falls below 8000.
http://worldtimeline.info/dowjones/dow1954.htm

 

Stock market crash of 1929 was caused by tariffs and irresponsible banks.

Obviously you didn't think about what I said previously.
Then again, you are an idiot and a master of bullshit. The idea that you would utilize deductive logic is like believing in santa clause. It just don't exist. LMAO!!!!!

Stupid socialist!

 

The stock market crash of 1929 is a four-day collapse of stock prices that began on October 24, 1929.

The Tariff Act of 1930 (codified at 19 U.S.C. ch. 4), otherwise known as the Smoot–Hawley Tariff orHawley–Smoot Tariff,[1] was an act implementing protectionist trade policies sponsored by Senator Reed Smoot and Representative Willis C. Hawley and signed into law on June 17, 1930. The act raised U.S. tariffson over 20,000 imported goods.[2]

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Banks were responsible during the administrations of Warren G. Harding and Calvin Coolidge because the government, under the leadership of the Republican Party, did not regulate them sufficiently.

The Smoot–Hawley Tariff was passed after the stock market crash of 1929.

 

No one, and Shooter means, no one, can predict what the stock market will do, consistently.
A lot of so called experts take a crack at it, you know, cause they make a lot of money doing that.
Especially when they happen to get it right.
But the fact is, no one has a crystal ball.

The only advice that makes any sense is; buy low, sell high.

 

Do like the computers do. Buy one stock and when it goes up a penny, sell.
Buy when it goes down a penny and sell when it goes up a penny.
Do it enough times and you will be rich.

 

If I had tons of money doing something that won't last all my life - of course, I am thinking of professional athletics or entertainment - I would buy a diversified investment portfolio of stocks that paid good dividends. I would invest in companies that are reasonably recession proof, like food producers. People have to eat.

As long as they paid good dividends, that is what I would really care about.

 

If a person had a couple million $ why would they invest in anything.
They could live a comfortable life without the hassle of worrying about their investments.
Just put it in a barrel near your front door.
Anytime you needed some money just take a handful out and be on your way.

 

Doesn't matter doggo, if you have money it's best to invest wisely to protect your retirement. Eat, drive, work, fly, protect our country, etc.
That's diversity.

 

Unless you get sick and need money to live. You can easily blow through a couple million. Investing in today's market is like shooting fish in a barrel.

 

Two million would give you a pretty safe withdrawal rate of $80,000 per year for 30 years.

 

that aint right-------5% return in a million is 50,000----before taxes---5% is high these days

edit you changed it to two million...

 

You won't but your broker will.

 

See, there's the thing.
You buy a mutual fund thinking that it's had a good 5 or 10 year growth rate, and that's the year it tanks.
You know, cause the fund manager, the guru of Wall Street, guessed wrong.
But the thing is, the fund manager gets his cut whether the fund grows or tanks.
He's got no "skin in the game" as it were.
You do, cause, you know, you put money into the fund. If it does well, you pat yourself on the back. If it tanks, you're screwed.
The fund manager isn't screwed; he gets his cut no matter what.

It doesn't much matter what stocks you buy, the key is to stick with them.
You know, buy low and sell high.
Shooter was all but begged by a stock broker to buy into this IPO called Microsoft in the early 80's.
Shooter thought it was bullshit. Desktop computers, indeed!
But, he did buy into an Orchid farm in Washington that did an IPO that he was intimately familiar with. 18 months later, the founders were on the lam with the funds.
Shooter got fucked on that one.
He should have listened to the fast talking broker who was touting Microsoft.
Course, he also should have known better than to stay with a fucking company for as long as he did, knowing the owner was a fucking asshole.

The point is, no one has a crystal ball that gets it right every time.