What's new
By:
USCHO Fan Forum

This is a sample guest message. Register a free account today to become a member! Once signed in, you'll be able to participate on this site by adding your own topics and posts, as well as connect with other members through your own private inbox!

  • The USCHO Fan Forum has migrated to a new plaform, xenForo. Most of the function of the forum should work in familiar ways. Please note that you can switch between light and dark modes by clicking on the gear icon in the upper right of the main menu bar. We are hoping that this new platform will prove to be faster and more reliable. Please feel free to explore its features.

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

Status
Not open for further replies.
unofan said:
As long as you had even a moderately diversified portfolio during the dot com burst in the early 2000s, even with the great recession in 2008, if you left it alone for the last 20 years you'd be way, way ahead.

For all the carnage this last month, all that's happened is it's basically taken us back to pre-Trump levels in 2016. You've still got the 8 years of gains under Obama.
Click to expand...

I got stuck though. I was young so I had my investments in maximum growth funds. Then I left my job just before the bubble burst. It was fine at that point - I could leave my money invested but it wouldn't be matched anymore. I had doubled my own money plus I had the investiture from my employer. I was sitting pretty. Then the bubble burst. Then my employer changed the rules and cashed me out. I had lost every dime the company matched and another 15% to boot. Plus my new job was now being done in Bangalore and I didn't feel like following it so I needed the cash. So I wasn't in the market in 2008 when that crash happened. I have been in since 2016 with a meager amount and have seen every penny I made disappear again. Ever have deja vu?
 
Re: Business, Economic, and Tax Policy 9: No, No, No, We Compost The Rich

Handyman said:
The way it was explained to me was that funds like my 401k will continue to buy as the price tanks so that when it starts to rise you get your value back plus the gains on the new lower priced buys.
Click to expand...
I was/am still young enough, I have time on my side. Or so I hope.
 
Re: Business, Economic, and Tax Policy 9: No, No, No, We Compost The Rich

The Rube said:
I was/am still young enough, I have time on my side. Or so I hope.
Click to expand...

You're fine. I'm 57 and I'm fine (probably). The people who are f-cked are in their mid-60s. This timing is going to hurt them badly unless they are nearly entirely in bonds. And even if they are, who the f-ck knows?
 
Kepler said:
You're fine. I'm 57 and I'm fine (probably). The people who are f-cked are in their mid-60s. This timing is going to hurt them badly unless they are nearly entirely in bonds. And even if they are, who the f-ck knows?
Click to expand...

Bonds will have a tough time growing. Rates are now razor thin.
 
Re: Business, Economic, and Tax Policy 9: No, No, No, We Compost The Rich

Talk on CNBC is now focusing on Boeing, and how they're "too big to fail."

I... don't quite agree. Their catastrophic choices in the months and years prior to their stock fall this week are what need to be punished.
 
Re: Business, Economic, and Tax Policy 9: No, No, No, We Compost The Rich

Kepler said:
You're fine. I'm 57 and I'm fine (probably). The people who are f-cked are in their mid-60s. This timing is going to hurt them badly unless they are nearly entirely in bonds. And even if they are, who the f-ck knows?
Click to expand...

But they aren't. Unless they pay out ALL of their retirement now. It's people in their 70s who are running low on retirement funds.
 
Re: Business, Economic, and Tax Policy 9: No, No, No, We Compost The Rich

dxmnkd316 said:
But they aren't. Unless they pay out ALL of their retirement now. It's people in their 70s who are running low on retirement funds.
Click to expand...

someone in their 70s shouldn't have much of their portfolio in stocks.
 
Re: Business, Economic, and Tax Policy 9: No, No, No, We Compost The Rich

just made 50% gains on Uber $19 puts with 4/3 expiration that I bought yesterday

I'm not buying enough options contracts to make much money, but people that are heavy into options trading are getting rich in this market. I'm seeing people turning $5,000 into $200,000 over a period of weeks. And they're not stopping there -- they're basically rolling everything over after each trade and often doubling (or more) their money. It just takes one quick change in the market to wipe everything out though.
 
Last edited:
Re: Business, Economic, and Tax Policy 9: No, No, No, We Compost The Rich

<blockquote class="twitter-tweet"><p lang="und" dir="ltr"><a href="https://t.co/MbOlHdBnsc">https://t.co/MbOlHdBnsc</a> <a href="https://t.co/m5UHPFUsQs">pic.twitter.com/m5UHPFUsQs</a></p>— Kevin M. Kruse (@KevinMKruse) <a href="https://twitter.com/KevinMKruse/status/1240295393977667586?ref_src=twsrc%5Etfw">March 18, 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

So, do we celebrate every time it breaks 20k during this roller coaster, or how does that work?

<img src=https://www.imgur.com/GiO5VA3.gif>
 
Re: Business, Economic, and Tax Policy 9: No, No, No, We Compost The Rich

Aaaaaaaaaand circuit breaker tripped around that news.
 
Re: Business, Economic, and Tax Policy 9: No, No, No, We Compost The Rich

Holy ****. Two-month yields briefly went negative today. Everything 3-mo and shorter are essentially at 0%. 1-yr at 0.17%.

7-, 10-, and 30-yr bonds are trading higher today.
 
Status
Not open for further replies.
Back
Top