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

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aparch said:
Best thing I saw this morning on Twitter regarding the stock sell off was that "your 401k is just like your face, don't touch it!!"


*edit* Also, I feel like I bumped up my contribution rate at a good time last week. Thanks all who assuaged me and my 401k questions a few weeks ago. :)
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You're welcome. Basically, anyone not retiring within the next decade or so should probably be increasing their contributions. First, to make up for the losses. Second, to increase the number of shares you do own for the next bull market.
 
Re: Business, Economic, and Tax Policy 9: No, No, No, We Compost The Rich

Closing bell. -2,021.27

<img src="https://farm2.static.flickr.com/1111/1444061191_d02db7d8c2_o.jpg" >
 
Re: Business, Economic, and Tax Policy 9: No, No, No, We Compost The Rich

FadeToBlack&Gold said:
You're welcome. Basically, anyone not retiring within the next decade or so should probably be increasing their contributions. First, to make up for the losses. Second, to increase the number of shares you do own for the next bull market.
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They don't have to increase their contributions. Buy in at the same rate as before -- with lower prices they get more shares hence more of a base to build from.

The market. It's magic.
 
Re: Business, Economic, and Tax Policy 9: No, No, No, We Compost The Rich

<img src="https://i.ibb.co/xgZR2pr/2020-03-09-17-39-02.jpg" alt="2020-03-09-17-39-02" border="0" height="400"></a>
 
Re: Business, Economic, and Tax Policy 9: No, No, No, We Compost The Rich

<blockquote class="twitter-tweet"><p lang="en" dir="ltr">A barrel of oil currently costs less than the actual barrel. <a href="https://t.co/JfmoHM7kIe">pic.twitter.com/JfmoHM7kIe</a></p>— Jules Suzdaltsev (@jules_su) <a href="https://twitter.com/jules_su/status/1236830234135138305?ref_src=twsrc%5Etfw">March 9, 2020</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 
Kepler said:
They don't have to increase their contributions. Buy in at the same rate as before -- with lower prices they get more shares hence more of a base to build from.

The market. It's magic.
Click to expand...

I’ve started to take a part of my annual raise and use it to bump up my contribution. I should find out what I’m getting soon, which means I’ll probably increase my retirement contributions by a percent or two next month. Dollar cost averaging says I should just keep doing this regardless of what the market is doing but as I get closer to retirement (I’m 40) I should shift into safer investments. I also have a for fun brokerage account and I’m probably going to dump a bunch of money into it when it looks like we may have hit bottom.

I don’t look at it often but morbid curiosity got the best of me and I have lost a ton of value in my vanguard account over the last couple weeks.
 
Re: Business, Economic, and Tax Policy 9: No, No, No, We Compost The Rich

<blockquote class="twitter-tweet"><p lang="en" dir="ltr">hotels you say? <a href="https://t.co/W9G0uVgH4P">https://t.co/W9G0uVgH4P</a></p>— Chris Hayes (@chrislhayes) <a href="https://twitter.com/chrislhayes/status/1237165746003861504?ref_src=twsrc%5Etfw">March 9, 2020</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 
Re: Business, Economic, and Tax Policy 9: No, No, No, We Compost The Rich

And it begins. Handouts to the oil companies who lost money yesterday, and will continue to lose money while Saudi Arabia and Russia measure their d*cks.

<blockquote class="twitter-tweet"><p lang="en" dir="ltr">BREAKING: White House likely to push federal aid for shale companies hit by coronavirus/international energy shock<br><br>Trump confidante & oil billionaire Harold Hamm lost $2 billion yesterday. Hamm reached out to admin but says he didnt make “direct" contact<a href="https://t.co/GsjHIJE6VI">https://t.co/GsjHIJE6VI</a></p>— Jeffrey Stein (@JStein_WaPo) <a href="https://twitter.com/JStein_WaPo/status/1237431615325954053?ref_src=twsrc%5Etfw">March 10, 2020</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 
Re: Business, Economic, and Tax Policy 9: No, No, No, We Compost The Rich

aparch said:
And it begins. Handouts to the oil companies who lost money yesterday, and will continue to lose money while Saudi Arabia and Russia measure their d*cks.

<blockquote class="twitter-tweet"><p lang="en" dir="ltr">BREAKING: White House likely to push federal aid for shale companies hit by coronavirus/international energy shock<br><br>Trump confidante & oil billionaire Harold Hamm lost $2 billion yesterday. Hamm reached out to admin but says he didnt make “direct" contact<a href="https://t.co/GsjHIJE6VI">https://t.co/GsjHIJE6VI</a></p>— Jeffrey Stein (@JStein_WaPo) <a href="https://twitter.com/JStein_WaPo/status/1237431615325954053?ref_src=twsrc%5Etfw">March 10, 2020</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
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jfc
 
Re: Business, Economic, and Tax Policy 9: No, No, No, We Compost The Rich

Wait until the handouts to hotels start. That won't be a conflict of interest for Dump at all...
 
aparch said:
And it begins. Handouts to the oil companies who lost money yesterday, and will continue to lose money while Saudi Arabia and Russia measure their d*cks.

<blockquote class="twitter-tweet"><p lang="en" dir="ltr">BREAKING: White House likely to push federal aid for shale companies hit by coronavirus/international energy shock<br><br>Trump confidante & oil billionaire Harold Hamm lost $2 billion yesterday. Hamm reached out to admin but says he didnt make “direct" contact<a href="https://t.co/GsjHIJE6VI">https://t.co/GsjHIJE6VI</a></p>— Jeffrey Stein (@JStein_WaPo) <a href="https://twitter.com/JStein_WaPo/status/1237431615325954053?ref_src=twsrc%5Etfw">March 10, 2020</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
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Privatize the profits. Socialize the losses.
 
Re: Business, Economic, and Tax Policy 9: No, No, No, We Compost The Rich

rufus said:
Privatize the profits. Socialize the losses.
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Remember, oil extractors are the last true cowboys and nobody can handle their manliness NOW WILL SOMEONE PLEASE HELP THEM OH THE PAIN MY STARS!
 
French Rage said:
Remember, oil extractors are the last true cowboys and nobody can handle their manliness NOW WILL SOMEONE PLEASE HELP THEM OH THE PAIN MY STARS!
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They’re still busy being butthurt that people don’t like the cartoon stickers of Greta being raped
 
Re: Business, Economic, and Tax Policy 9: No, No, No, We Compost The Rich

<blockquote class="twitter-tweet"><p lang="en" dir="ltr">I’m seeing chatter about government bailouts for airlines. Maybe the airlines should have saved some of their paychecks for a rainy day? A good start would be if the airlines gave up that daily $5 latte.</p>— Max Leibman (@maxleibman) <a href="https://twitter.com/maxleibman/status/1237142373001551872?ref_src=twsrc%5Etfw">March 9, 2020</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 
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