Business, Economic, and Tax Policy 9: No, No, No, We Compost The Rich

[joecct]

Re: Business, Economic, and Tax Policy 9: No, No, No, We Compost The Rich

Driverless trains? I dunno.

https://www.seattletimes.com/seattl...ence-could-come-to-a-railroad-near-you/?amp=1

 

[joecct]

Re: Business, Economic, and Tax Policy 9: No, No, No, We Compost The Rich

And No Mo Modells

https://trib.al/o5X5ls2

 

[Deutsche Gopher Fan]

Re: Business, Economic, and Tax Policy 9: No, No, No, We Compost The Rich

Honest question, since I think the markets are gonna tank fast, is it worth it to go into my 401k tonight and switch my allocation to bonds? It’s 90% stock since I’ve been aggressive. I will get aggressive again later but want to minimize huge losses

 

[BassAle]

Driverless trains? I dunno.

https://www.seattletimes.com/seattl...ence-could-come-to-a-railroad-near-you/?amp=1

We have the technology to make driverless trains way safer than humans. Much easier tech than cars.

 

[Kepler]

Re: Business, Economic, and Tax Policy 9: No, No, No, We Compost The Rich

Honest question, since I think the markets are gonna tank fast, is it worth it to go into my 401k tonight and switch my allocation to bonds? It’s 90% stock since I’ve been aggressive. I will get aggressive again later but want to minimize huge losses

The reallocation probably won't hit until close of trading tomorrow. Even if it hits sometime noonish overnight downturns translate into cratering right at the opening bell.

tl; dr: The only people who can make money doing that are the traders. We eat their leavings. So, no.

If you're talking about future allocations then you'd be betting on a long bear market. Personally I think it's best to trust dollar cost averaging and not micromanage. The paupers' graves are full of people who tried to time the market.

 

[Deutsche Gopher Fan]

Re: Business, Economic, and Tax Policy 9: No, No, No, We Compost The Rich

I thought about it just to stop immediate losses. I will probably just leave it and take it up the azz like everyone else

 

[Kepler]

Re: Business, Economic, and Tax Policy 9: No, No, No, We Compost The Rich

I thought about it just to stop immediate losses. I will probably just leave it and take it up the azz like everyone else

I think once we've seen the overnight markets it's by definition too late for us. We've already fallen off the building. There's no backing away from the ledge. We just get a extra few hours to savor the splat.

Are the Dow Futures really, really horrible? I mean Dump didn't say anything new. Everybody already knew he was a moron. That's been baked into the market for years.

Edit: it's bad. And that cliff? That's Dump's speech.

That middle finger vote was really funny, wasn't it righties?

 

[ticapnews]

Re: Business, Economic, and Tax Policy 9: No, No, No, We Compost The Rich

I was going to cash out at the beginning of the year but decided to stay in. As of yesterday morning I had lost almost 20% in two months.

 

[Deutsche Gopher Fan]

I think once we've seen the overnight markets it's by definition too late for us. We've already fallen off the building. There's no backing away from the ledge. We just get an extra few hours to really anticipate the splat.

Are the Dow Futures really, really horrible? I mean Dump didn't say anything new. Everybody already knew he was a moron. That's been baked into the market for years.

Edit: it's bad. And that cliff? That's Dump's speech.

That middle finger vote was really funny, wasn't it righties?

<blockquote class="twitter-tweet"><p lang="en" dir="ltr">At least the libs were owned and you got a generation of judges who won’t say if brown v board was rightly decided</p>— Adam Serwer (@AdamSerwer) <a href="https://twitter.com/AdamSerwer/status/1237930461097267202?ref_src=twsrc%5Etfw">March 12, 2020</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

 

[BassAle]

I was going to cash out at the beginning of the year but decided to stay in. As of yesterday morning I had lost almost 20% in two months.

I’m not touching my retirement investments for 25 more years. I’m just going to buy more after the dust settles and dabble in options trading in my fun account for now. Thinking of buying some DIS put contracts in the morning if I can get them before they spike.

 

[French Rage]

Re: Business, Economic, and Tax Policy 9: No, No, No, We Compost The Rich

If you're talking about future allocations then you'd be betting on a long bear market. Personally I think it's best to trust dollar cost averaging and not micromanage. The paupers' graves are full of people who tried to time the market.

Yeah if you're young (I'm 36 for example) just keep to the plan. Even during the last downturn, the markets got back to where they were before eventually, and in the meantime you got stuff for like 60% off. If you're 60+, maybe do things a little different, but I'm not an expert, I wouldn't be able to tell you what.

 

[Kepler]

Re: Business, Economic, and Tax Policy 9: No, No, No, We Compost The Rich

Yeah if you're young (I'm 36 for example) just keep to the plan. Even during the last downturn, the markets got back to where they were before eventually, and in the meantime you got stuff for like 60% off. If you're 60+, maybe do things a little different, but I'm not an expert, I wouldn't be able to tell you what.

Hopefully if you're > 60 you're balls deep in bonds anyway.

I've been 75/25 since Dump's inauguration, just assuming he'd f-ck it up like everything else he's ever done. Sorry to have been right.

 

[Deutsche Gopher Fan]

Yeah if you're young (I'm 36 for example) just keep to the plan. Even during the last downturn, the markets got back to where they were before eventually, and in the meantime you got stuff for like 60% off. If you're 60+, maybe do things a little different, but I'm not an expert, I wouldn't be able to tell you what.

Yeah I’m only a few years older than you

 

[French Rage]

Re: Business, Economic, and Tax Policy 9: No, No, No, We Compost The Rich

Hopefully if you're > 60 you're balls deep in bonds anyway.

I've been 75/25 since Dump's inauguration, just assuming he'd f-ck it up like everything else he's ever done. Sorry to have been right.

Yeah my mom is 73 and moved 75% over to bonds a couple years back. Smart lady.

 

[Kepler]

Re: Business, Economic, and Tax Policy 9: No, No, No, We Compost The Rich

Yeah my mom is 73 and moved 75% over to bonds a couple years back. Smart lady.

Stock allocation = 100 minus age.

The old ways are the best ways.

When monsters are loose, boards must be tight.

 

[dxmnkd316]

Re: Business, Economic, and Tax Policy 9: No, No, No, We Compost The Rich

Honest question, since I think the markets are gonna tank fast, is it worth it to go into my 401k tonight and switch my allocation to bonds? It’s 90% stock since I’ve been aggressive. I will get aggressive again later but want to minimize huge losses

In no uncertain circumstances, no. 401(k) isn't for day-trading. It's for 10-year strategies.

You can try limit orders, but the whales are going to get their trades first. Many trades are executed by firms at market close. Watch out for floats.

 

[dxmnkd316]

Re: Business, Economic, and Tax Policy 9: No, No, No, We Compost The Rich

This is also why I recommend stable funds like bonds the closer you get to retirement; or even better, target funds. Target funds are for people who don't want to monkey around with reallocations. Over time, they have a glide path that transitions from stocks (usually total stock market funds like VTSAX) to bonds (usually total bond market funds like VBTLX) as you get closer to your target retirement date. They tend to have slightly higher fees, but that's the cost of not having to do this yourself. Some of them have fairly low fees.

But honestly, if you look at total returns over most 5, 10, 20+ year periods, the S&P 500 index funds still outperform them. The only reason you'd want bond funds is if you're within 5-10 years of retirement.

 

[Deutsche Gopher Fan]

Re: Business, Economic, and Tax Policy 9: No, No, No, We Compost The Rich

<blockquote class="twitter-tweet"><p lang="en" dir="ltr">Stock market that feared Bernie Sanders' socialist agenda now hinges on hopes for corporate rescue packages.</p>— Carl Quintanilla (@carlquintanilla) <a href="https://twitter.com/carlquintanilla/status/1237751491043168258?ref_src=twsrc%5Etfw">March 11, 2020</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

 

[ticapnews]

Re: Business, Economic, and Tax Policy 9: No, No, No, We Compost The Rich

<blockquote class="twitter-tweet"><p lang="en" dir="ltr">Stock market that feared Bernie Sanders' socialist agenda now hinges on hopes for corporate rescue packages.</p>— Carl Quintanilla (@carlquintanilla) <a href="https://twitter.com/carlquintanilla/status/1237751491043168258?ref_src=twsrc%5Etfw">March 11, 2020</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

Socialism for the rich and corporations, rugged individualism for the poor.

 

[rufus]

Honest question, since I think the markets are gonna tank fast, is it worth it to go into my 401k tonight and switch my allocation to bonds? It’s 90% stock since I’ve been aggressive. I will get aggressive again later but want to minimize huge losses

Not at this point. Too late, you've already had the losses. Now you just wait for them to recover.