1jkw Posted May 19, 2022 Share Posted May 19, 2022 10 minutes ago, f7ben said: Yah...the bill for Trumps insane spending is coming due Trump didn't want the spending, racer said so. 1 Quote Link to comment Share on other sites More sharing options...
f7ben Posted May 19, 2022 Share Posted May 19, 2022 Just now, 1jkw said: Trump didn't want the spending, racer said so. You forgot the Derrrrrrr 1 Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted May 19, 2022 Share Posted May 19, 2022 33 minutes ago, f7ben said: Yah...the bill for Trumps insane spending is coming due I don't think so. Do you understand just how backed up the shit is? You are fucked, it has nothing to do with Trump. Fucking moron. US total debt $90 trillion US unfunded liabilities $169 trillion Total $259 trillion Minus all US assets $193 trillion Balance - $66 trillion That’s $66 trillion of debt and liabilities after every asset in the US has been sold off. Quote Link to comment Share on other sites More sharing options...
motonoggin Posted May 19, 2022 Share Posted May 19, 2022 1 hour ago, ArcticCrusher said: I don't think so. Do you understand just how backed up the shit is? You are fucked, it has nothing to do with Trump. Fucking moron. US total debt $90 trillion US unfunded liabilities $169 trillion Total $259 trillion Minus all US assets $193 trillion Balance - $66 trillion That’s $66 trillion of debt and liabilities after every asset in the US has been sold off. sOsHuLiZm... Quote Link to comment Share on other sites More sharing options...
Crnr2Crnr Posted May 19, 2022 Share Posted May 19, 2022 2 hours ago, Polaris 550 said: Nah, I just sit and let the account fester. For two of Trump's years I made numerous dollar bills. For most of 2021 I was making more dollar bills.................then it started tanking in November. Oh well, my bad for not liquidating then. Too bad, so sad, my bad. Poor broke Uncle Znotty. It's not about liquidating, it's called asset management. When markets moon shot (2020 until Putin invaded Ukraine and the Fed notioned rate hikes) you find safe harbor in guaranteed interest or cash. Financial 'advisors' always want to keep people in the market and rarely suggest moving to safe harbors unless your a big customer. So, if you're still working start buying incrementally as the market finds a bottom and eventually rises again. fwiw Quote Link to comment Share on other sites More sharing options...
Crnr2Crnr Posted May 19, 2022 Share Posted May 19, 2022 On 5/11/2022 at 8:10 PM, ArcticCrusher said: Nah, let's trade putin for Brandon. No need to nuke Russia. Rua Putin fanboi? Quote Link to comment Share on other sites More sharing options...
Crnr2Crnr Posted May 19, 2022 Share Posted May 19, 2022 (edited) 2 hours ago, f7ben said: Yah...the bill for Trumps insane spending is coming due add Reagan, GWB and Obama to the list... plus the Senate and wHORe's to the list. 'we the people' aren't real good at electing people who know how to balance a checkbook or keep the credit card bill manageable. Edited May 19, 2022 by Crnr2Crnr Quote Link to comment Share on other sites More sharing options...
f7ben Posted May 20, 2022 Share Posted May 20, 2022 1 hour ago, Crnr2Crnr said: add Reagan, GWB and Obama to the list... plus the Senate and wHORe's to the list. 'we the people' aren't real good at electing people who know how to balance a checkbook or keep the credit card bill manageable. Correct Quote Link to comment Share on other sites More sharing options...
Guest Posted May 20, 2022 Share Posted May 20, 2022 1 hour ago, Crnr2Crnr said: It's not about liquidating, it's called asset management. When markets moon shot (2020 until Putin invaded Ukraine and the Fed notioned rate hikes) you find safe harbor in guaranteed interest or cash. Financial 'advisors' always want to keep people in the market and rarely suggest moving to safe harbors unless your a big customer. So, if you're still working start buying incrementally as the market finds a bottom and eventually rises again. fwiw What do you consider a BIG CUSTOMER??? Quote Link to comment Share on other sites More sharing options...
f7ben Posted May 20, 2022 Share Posted May 20, 2022 48 minutes ago, Polaris 550 said: What do you consider a BIG CUSTOMER??? Faggots who can’t pay small wagers they lost need not apply for big customer status 1 Quote Link to comment Share on other sites More sharing options...
Deephaven Posted May 20, 2022 Share Posted May 20, 2022 1 hour ago, Polaris 550 said: What do you consider a BIG CUSTOMER??? He wasn't referring to fat people so not you, but ones with real wealth. Quote Link to comment Share on other sites More sharing options...
Guest Posted May 20, 2022 Share Posted May 20, 2022 1 hour ago, f7ben said: Faggots who can’t pay small wagers they lost need not apply for big customer status Then don't apply! 1 hour ago, Deephaven said: He wasn't referring to fat people so not you, but ones with real wealth. This fatso can buy and sell you. That's why you're afraid of me. Quote Link to comment Share on other sites More sharing options...
DriftBusta Posted May 20, 2022 Share Posted May 20, 2022 12 hours ago, Crnr2Crnr said: It's not about liquidating, it's called asset management. When markets moon shot (2020 until Putin invaded Ukraine and the Fed notioned rate hikes) you find safe harbor in guaranteed interest or cash. Financial 'advisors' always want to keep people in the market and rarely suggest moving to safe harbors unless your a big customer. So, if you're still working start buying incrementally as the market finds a bottom and eventually rises again. fwiw Stop talking like you know what a financial advisor does or why. Please. This is one of the reasons I generally avoid these kinds of threads. Managing your own money is a hella lot different than managing others. Quote Link to comment Share on other sites More sharing options...
Crnr2Crnr Posted May 20, 2022 Share Posted May 20, 2022 29 minutes ago, DriftBusta said: Stop talking like you know what a financial advisor does or why. Please. This is one of the reasons I generally avoid these kinds of threads. Managing your own money is a hella lot different than managing others. how many clients did you advise to seek safe harbors since January 3rd and peak market? Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted May 20, 2022 Share Posted May 20, 2022 2 minutes ago, Crnr2Crnr said: how many clients did you advise to seek safe harbors since January 3rd and peak market? The problem with most advisors is they tend to place most of their customers assets in safe havens when they shouldn't be, not when they should be. Mark doesn't seem to follow that trend. Quote Link to comment Share on other sites More sharing options...
akvanden Posted May 20, 2022 Share Posted May 20, 2022 1 hour ago, Crnr2Crnr said: how many clients did you advise to seek safe harbors since January 3rd and peak market? Can you tell me what day it will bottom so I can dump more $$ in? Thanks in advance. 1 Quote Link to comment Share on other sites More sharing options...
Crnr2Crnr Posted May 20, 2022 Share Posted May 20, 2022 5 minutes ago, akvanden said: Can you tell me what day it will bottom so I can dump more $$ in? Thanks in advance. Free beer tomorrow... Let's see what happens when they hit the 9/18/2020 and 10/30/2020 double bottom prices. I have standing buy orders already placed at those levels and will remain market short until then, unless something out of left field occurs. Or, do your own damn DD! Quote Link to comment Share on other sites More sharing options...
teamgreen02 Posted May 20, 2022 Share Posted May 20, 2022 Stay in, keep buying, profit over the long term. Corporate sales numbers are good, profitability not so much. Need a correction and rising interest rates to bring down inflation. Inflation won't moderate until demand does. Need to keep this "crash" in perspective. @Polaris 550 how u doin? Quote Link to comment Share on other sites More sharing options...
SkisNH Posted May 20, 2022 Share Posted May 20, 2022 (edited) 9 minutes ago, teamgreen02 said: Stay in, keep buying, profit over the long term. Corporate sales numbers are good, profitability not so much. Need a correction and rising interest rates to bring down inflation. Inflation won't moderate until demand does. Need to keep this "crash" in perspective. @Polaris 550 how u doin? S&P is going to pre-covid levels the bounce from there IMO Sales will fall off as energy kills the economy Edited May 20, 2022 by SkisNH Quote Link to comment Share on other sites More sharing options...
teamgreen02 Posted May 20, 2022 Share Posted May 20, 2022 46 minutes ago, SkisNH said: S&P is going to pre-covid levels the bounce from there IMO Sales will fall off as energy kills the economy Maybe? But the data is pretty clear, time in the market > timing the market. Quote Link to comment Share on other sites More sharing options...
Gold Member 800renegaderider Posted May 20, 2022 Gold Member Share Posted May 20, 2022 10 minutes ago, teamgreen02 said: Maybe? But the data is pretty clear, time in the market > timing the market. Exactly 75yrs in the market made 550 the richest guy on this site 2 Quote Link to comment Share on other sites More sharing options...
Guest Posted May 20, 2022 Share Posted May 20, 2022 2 hours ago, teamgreen02 said: Stay in, keep buying, profit over the long term. Corporate sales numbers are good, profitability not so much. Need a correction and rising interest rates to bring down inflation. Inflation won't moderate until demand does. Need to keep this "crash" in perspective. @Polaris 550 how u doin? Lost 18% since November. Still have a few dollar bills left!! Quote Link to comment Share on other sites More sharing options...
Guest Posted May 20, 2022 Share Posted May 20, 2022 1 hour ago, teamgreen02 said: Maybe? But the data is pretty clear, time in the market > timing the market. I still say, unless you're young enough, and have the wherewithal to run your own business, the stock market is the way to go. Had it not been for a 100 year pandemic, and a world war in Ukraine, I was on a trajectory for massive gains at the end of 2023. However, I'm also 75!! Who the fuck cares at 75!! I barely have enough energy to go out and start the lawnmower, let alone run a 47' Fountain out of Newburyport. Everybody has to do what works for them. Me, I'm gonna ride it out.....AGAIN!! Quote Link to comment Share on other sites More sharing options...
Guest Posted May 20, 2022 Share Posted May 20, 2022 1 hour ago, 800renegaderider said: Exactly 75yrs in the market made 550 the richest guy on this site Do you REALLY think I'm the richest guy here??? Quote Link to comment Share on other sites More sharing options...
Gold Member 800renegaderider Posted May 20, 2022 Gold Member Share Posted May 20, 2022 6 minutes ago, Polaris 550 said: Do you REALLY think I'm the richest guy here??? Freddythefreeloader holds that title 1 Quote Link to comment Share on other sites More sharing options...
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