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. :)

---

Quote:

---

Originally posted by 6IXSTRINGJACK:
I haven't had any money in the market for 8 years now. Can't win or lose if you don't play.

Do Right, Be Right. :)

---

Quote:

---

Originally posted by JEWELSTAITEFAN:
Yes, you lose.

---

Quote:

---

Originally posted by Oonjerah:
I can play chess like an idiot-not-savant.
All I know is how the pieces move. Strategy never enters my head.
But I love this movie:

Searching for Bobby Fischer (1993)
Joe Mantegna, Ben Kingsley



... oooOO}{OOooo ...

---

Quote:

---

Originally posted by JO753:
I think I see a bead uv swet on your brow, JSF!

---

Quote:

---

Originally posted by JO753:
So....

If the market accomplishez a 90% drop, you owe 35% uv wutever it wuz befor?

---

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. :)

---

Quote:

---

Originally posted by JEWELSTAITEFAN:
Your State and Federal Income Tax totals only 10%?
You should try to verify that one of the funds available to you tracks with Government Bond Funds, essentially U.S. Treasury notes. That fund will be unable to lose value while the market collapses.

---

Quote:

---

Originally posted by JEWELSTAITEFAN:
Dow closed at 24,272 today. A gain of another 1.5% almost, in one day. Almost 3% of new territory within 3 days.

An increase of 4,540 since taking office. Which is 23%, or 26.8% APR.

An increase of 5,940 since Election Day. Which is 32.4%, or over 30.5% APR.

Plus, 21% gain since crossing above 20K, when Jump Out JO said to Jump Out.

---

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. :)

---

Quote:

---

Originally posted by JO753:
Keep your eyez on the big guyz. There will be sum event sumwhere that nobody notisez and a wale will start selling. He will probably hav sum reazonable boring explanation ready in case anybody asks - 'tranzitioning to unrelated opportunityz' bloated to a few hundred obfuscating wordz with the purpose uv making everybody think therez nothing going on. But woc how fast he tryz to sell, the prise getting lower & lower at an akselerating rate.

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?

---

Quote:

---

Originally posted by G:

Quote:

---

Originally posted by JEWELSTAITEFAN:
Dow closed at 24,792 on Monday. All 3 major indices hit all-time highs.

---

*Voice of Doom from some Marvel flic* "Corporations gorging on the fat of The People. There will be a Reckoning."

---

Quote:

---

Originally posted by G:

Quote:

---

Originally posted by JEWELSTAITEFAN:

Quote:

---

Originally posted by G:

Quote:

---

Originally posted by JEWELSTAITEFAN:
Dow closed at 24,792 on Monday. All 3 major indices hit all-time highs.

---

*Voice of Doom from some Marvel flic* "Corporations gorging on the fat of The People. There will be a Reckoning."

---

Millions of hard working Americans letting their retirement accounts ride the backs of the enterprising corporations.

---

Do you mean "hardly working" Americans because those corps sent their jobs overseas?

---

Quote:

---

Curious:
- How many employed Americans do you think are reaping the benefits of this market?

---

Quote:

---

- Do you think these corps are creating jobs with this new, flash bounty?

---

Quote:

---

- Do you remember the bust of 2008?

---

Quote:

---

When people's retirement accounts nearly evaporated? If so, do you think this kind of national retirement gamble (surely that is what this is) is wise?=

---

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.:)

---

Quote:

---

Originally posted by G:

Quote:

---

Originally posted by JEWELSTAITEFAN:
Curious:

Quote:

---

- How many employed Americans do you think are reaping the benefits of this market?

---

All who have 401Ks. I suppose "dummy" would be redundant.

---

I asked "How many?" Not "How do you spell "JEWELSTAITEFAN?" So *thanks* for being the dummy.

It doesn't look like many:

https://www.fool.com/retirement/2017/06/19/does-the-average-american-h
ave-a-401k.aspx

Does the Average American Have a 401(k)?
The answer might surprise you.

Maurie Backman (TMFBookNerd) Jun 19, 2017 at 6:29AM
There's a reason 401(k) plans are a popular choice for those looking to set aside money for the future. Not only are contributions traditionally tax-free, but because they're deducted directly from earnings, the process of funding a 401(k) is as seamless as can be. That's why it's surprising to learn that the average American does not, in fact, have a 401(k) -- especially given the number of employees who have the option to participate in one.

Or take advantage of them:

https://www.bloomberg.com/news/articles/2017-02-21/two-thirds-of-ameri
cans-aren-t-putting-money-in-their-401-k

I'm sure it was Obama's fault though, so you don't have to explain.

---

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:

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.

---

At this point, I have to assume you're joking. I'm not going to outright accuse you of trolling.

The three or four jobs I've had since I got laid off did not offer a 401k. It's not a matter of refusing to participate.

I'd never accuse you of being an Elitist, JSF, but it must be nice to run in the circles that you run in. Even during the times in my life that I was fortunate enough to make good money and have a nice 401k plan I knew plenty of people who didn't have the option.

More than 50% of American households today make less than the federal poverty level. My guess is that less than 50% of the jobs out there offer any kind of retirement plan at all. Even if it were more, many of those people couldn't afford to participate even if it was offered. The only reason I'd be able to next year when I would be eligible for the 100% match on the first 6% of almost nothing is because I don't have a mortgage or car payment. I don't believe there are many other people in this country making near minimum that could say that.

Do Right, Be Right. :)

---

Quote:

---

Originally posted by JEWELSTAITEFAN:
I was talking about a real job, not a McJob or other ObamaJob.
You were a Barista, right?
A real job would be a career job, not a temp, or part time, or minimum wage job.

---

Quote:

---

Originally posted by G:

Quote:

---

Originally posted by JEWELSTAITEFAN:
apparently the number is a hot secret.

---

Quote:

---

Originally posted by JEWELSTAITEFAN:
Your own link indicates at least 2/3 of Americans.

---

No it doesn't.

---

Quote:

---

Originally posted by 6IXSTRINGJACK:

Quote:

---

Originally posted by JEWELSTAITEFAN:
I was talking about a real job, not a McJob or other ObamaJob.
You were a Barista, right?
A real job would be a career job, not a temp, or part time, or minimum wage job.

---

I was an IBM Mainframe Production Control Analyst until 2009 when my salary went to India to pay 10 people who probably had Masters degrees and could speak at least 2 languages. My job experience at that point didn't amount to diddly since I couldn't even get my foot in the door for an interview anywhere due to my lack of a college degree. Doesn't matter that I can run circles around most people who have one, particularly if it's in the "Arts".

I was never a barista. When I wasn't rehabbing houses, I was pretty much doing shitty retail jobs ever since.

More than half of Americans have McJobs or ObamaJobs. Most of those are part time and/or close to minimum wage. For many people, those are "real jobs".

As I said... It must be nice to run in the circles you run in.



But hey... I've been hearing for years now how the unemployment rate has never been better.....


Yay.

Do Right, Be Right. :)

---

Quote:

---

Originally posted by 6IXSTRINGJACK:

I was an IBM Mainframe Production Control Analyst until 2009 when my salary went to India to pay 10 people who probably had Masters degrees and could speak at least 2 languages.

---

Quote:

---

Originally posted by second:

Quote:

---

Originally posted by 6IXSTRINGJACK:

I was an IBM Mainframe Production Control Analyst until 2009 when my salary went to India to pay 10 people who probably had Masters degrees and could speak at least 2 languages.

---

Those 10 Indians have been fired. Does that please you? There is a story from March 2016: "What’s happening at IBM (it’s dying)" The story says mainframes and midrange systems are giving way to cloud, analytics, mobile, social, and security.
www.cringely.com/2016/03/08/whats-happening-at-ibm/

It was followed by another story that said, "In both the early 1990s and today IBM has shown it really doesn’t understand the value of its people."
www.cringely.com/2016/03/22/ginni-the-eagle-ibms-corporate-transformat
ion/

The moral? When you work for assholes, you get mistreated.

---

Quote:

---

Originally posted by JO753:
HEY! Where the hell iz my daily Dow report, goramit?!

I need to no how thin the bubble wall iz!
m

---

Quote:

---

Originally posted by JEWELSTAITEFAN:
Dow closed at 24,792 on Monday. All 3 major indices hit all-time highs.

That is an increase of 5,060 since taking office. That's 25.6% or 28.1% APR.

An increase of 6,460 since Election Day. That's 35.2% or 32.7% APR.

---