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

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

Over/under on number of days before Trump tweets out, “YOUR WELCUM, ENJOY!!!” about the stupid stock market, again? I’m sure by this point it’s been someone else’s responsibility all along. Probably the Fed, which needs to be “audited” or something.
 
Re: Business, Economic, and Tax Policy 9: No, No, No, We Compost The Rich

Two- and three-year bonds are down 18% each today. They've bled off almost 40% this week.
THIRTY-year bonds are also off 15% this week.

That's insane.
 
Re: Business, Economic, and Tax Policy 9: No, No, No, We Compost The Rich

dxmnkd316 said:
Two- and three-year bonds are down 18% each today. They've bled off almost 40% this week.
THIRTY-year bonds are also off 15% this week.

That's insane.
Click to expand...

I thought USG bonds went up when equities went down?

Um. That doesn't sound good. Did I mention I just bought a house..?
 
Re: Business, Economic, and Tax Policy 9: No, No, No, We Compost The Rich

Kepler said:
I thought USG bonds went up when equities went down?

Um. That doesn't sound good. Did I mention I just bought a house..?
Click to expand...

Yields. Sorry.

People are dumping money out of stocks and into safe havens. The fact that two- and three-years are down so much means there's a ton of demand there thinking the next two to three years those bonds will pay out more than the stock market, or at least hold value.
 
Re: Business, Economic, and Tax Policy 9: No, No, No, We Compost The Rich

dxmnkd316 said:
Yields. Sorry.

People are dumping money out of stocks and into safe havens. The fact that two- and three-years are down so much means there's a ton of demand there thinking the next two to three years those bonds will pay out more than the stock market, or at least hold value.
Click to expand...

OK that makes sense.

So people are basically saying the market is f-cked and running to bonds.

Which I did a year ago and now feel much smarter. (Narrator: he was not much smarter; just neurotic and cautious.)

I wonder how somebody does if they just throw everything into bonds the day a Republican takes office and then everything back into stocks the day a Democrat takes office? Over the last century that's probably a pretty good track record.
 
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Re: Business, Economic, and Tax Policy 9: No, No, No, We Compost The Rich

I see the finance updates and just kissed my 401K goodbye.

Maybe I should just let this ride out. It can't keep sliding for weeks on end...
 
Re: Business, Economic, and Tax Policy 9: No, No, No, We Compost The Rich

aparch said:
I see the finance updates and just kissed my 401K goodbye.

Maybe I should just let this ride out. It can't keep sliding for weeks on end...
Click to expand...

I mean, it can...

But if you're diversified you will not get creamed. I am now 60 bonds 40 equity which TBH is more aggressive than recommended for my age, because I also have other sources for retirement. But if I were 70/30 as is recommended for my age I'd be fine.

Also, if you're under 50 don't worry about this at all. Keep your contributions steady, don't thrash, and even if there's free fall dollar cost averaging will pick you up on the back end.

The only way to truly, truly get f-cked is to be exposed and at the end of your work life when the crash hits, or to be Japan and flatline for 20 years.
 
Re: Business, Economic, and Tax Policy 9: No, No, No, We Compost The Rich

Long overdue corrections. You ride this sucker out, especially since I know you're nowhere near retirement age.
 
Kepler said:
I mean, it can...

But if you're diversified you will not get creamed. I am now 60 bonds 40 equity which TBH is more aggressive than recommended for my age, because I also have other sources for retirement. But if I were 70/30 as is recommended for my age I'd be fine.

Also, if you're under 50 don't worry about this at all. Keep your contributions steady, don't thrash, and even if there's free fall dollar cost averaging will pick you up on the back end.

The only way to truly, truly get f-cked is to be exposed and at the end of your work life when the crash hits, or to be Japan and flatline for 20 years.
Click to expand...
FadeToBlack&Gold said:
Long overdue corrections. You ride this sucker out, especially since I know you're nowhere near retirement age.
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Thank you. This makes me feel okay about not fully being on top this sort of thing. I do get stocks should be treated as "set it and forget it," but I sometimes take that too far. :D
 
Re: Business, Economic, and Tax Policy 9: No, No, No, We Compost The Rich

Whaddaya mean people aren't reassured by the crack team of Chump-Pence-Kudlow-Munchkin? What are you, a bunch of commies? :D
 
Re: Business, Economic, and Tax Policy 9: No, No, No, We Compost The Rich

My firm's stock is down almost 15% since the start of this month. Assuming no quick rebound, that means more shares for me come May when the purchases are made.

I am, of course, very diversified. I expect the international part of my portfolio to take a yuuuge hit though.
 
aparch said:
I see the finance updates and just kissed my 401K goodbye.

Maybe I should just let this ride out. It can't keep sliding for weeks on end...
Click to expand...
The only change I’m making to my 401k right now is bumping up contributions a bit. You get more fund shares for your money
 
Re: Business, Economic, and Tax Policy 9: No, No, No, We Compost The Rich

Exactly. If I wasn’t performing a ritualized sacrifice of money, I’d be pouring my cash reserves into the market.
 
Re: Business, Economic, and Tax Policy 9: No, No, No, We Compost The Rich

dxmnkd316 said:
Exactly. If I wasn’t performing a ritualized sacrifice of money, I’d be pouring my cash reserves into the market.
Click to expand...

No need to speed it up, just keep your normal contributions are your normal rate if you're young. Don't try to guess the lows in the same way you shouldn't try to guess the highs.
 
Re: Business, Economic, and Tax Policy 9: No, No, No, We Compost The Rich

DCA? Yeah.

I’d keep that up but increase my contributions.
 
Re: Business, Economic, and Tax Policy 9: No, No, No, We Compost The Rich

dxmnkd316 said:
DCA? Yeah.

I’d keep that up but increase my contributions.
Click to expand...

My point is if you're increasing just because you think it's at a low, it might not be. If you have more money to invest, by all means increase though.
 
Re: Business, Economic, and Tax Policy 9: No, No, No, We Compost The Rich

Fair enough.

I’m 35 and have 25-30 years to make it up if I miss the bottom early. I would have already missed the top so I’m not getting scalped. Honesty, this is how the rich get richer. They are so diversified they can afford to move one pile of money to another when that other pile is crushed temporarily.

Housing. How many houses were bought on the cheap by rich rental agencies after the Great Recession? I’m guessing a lot. They’ve made bank. It’s why you hedge and move when the market is oversold.

Or you could just DCA the same amount every month into VTSAX and probably do better. Either works lol.
 
Re: Business, Economic, and Tax Policy 9: No, No, No, We Compost The Rich

Donnie gets the fed to cut interest rate
 
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