Stock Market discussion

[gib]

True but the fed can't just keep printing cash and giving it away. Eventually all of that debt will need to be paid off or inflation will be out of control.  What's the answer?  Tax people to death to make the money back?

One day I wish I'd hear the gov say they're going to cut back on Military spending to make up some of the money.

No, they CAN keep printing. As can any country. This issue is the valuation that others place on that currency, and the willingness to accept debt denominated in that currency. So, you are right the end result is inflation, which is what we are about to see.

The answer from the Government is to tax more (not popular), or to print more (much easier and essentially taxation by stealth). And the defence against that, from an individual's perspective is of course Bitcoin, among other hard assets, (ideally located in secure and tax friendly countries).

[SOMEPARTS]

The average Joe with his 401K can and will get rich and retire comfortably, even early, and you too, if only you pay attention to the posts above and stop listening to the fear mongering, dooms day predictions and pessimism.

[Mayday]

True but the fed can't just keep printing cash and giving it away. Eventually all of that debt will need to be paid off or inflation will be out of control.  What's the answer?  Tax people to death to make the money back?

One day I wish I'd hear the gov say they're going to cut back on Military spending to make up some of the money.

Accumulate debt until the bond market decides you can’t repay and you become the only buyer of your own bonds.

Monetise debt via a one off currency devaluation.

All the things people say they can’t do, they can do.

[loco]

The average Joe with his 401K can and will get rich and retire comfortably, even early, and you too, if only you pay attention to the posts above and stop listening to the fear mongering, dooms day predictions and pessimism.

Yup, this FIRE is fine indeed.   

Financial
Independence
Retire
Early

"During the pandemic, with millions of people unemployed, the number of workers joining the millionaire’s club hit record levels.  In its third-quarter retirement report, Fidelity Investments said the number of 401(k) participants with $1 million or more in one of its plans increased to 262,000, up about 17 percent from the previous quarter. The number of IRA millionaires jumped to 234,000, up nearly 15 percent. Both topped the previous highs in the 2019 fourth quarter, when Fidelity reported 233,000 401(k) millionaires and 208,000 IRA millionaires."
https://www.washingtonpost.com/business/2020/11/16/401k-millionaires-record-high/

[FitnessFrenzy]

[gib]

No mention by Dalio of Sats being the defence against trash cash. But yeah, he's right.

[FitnessFrenzy]

[El Diablo Blanco]

Wish I could go back a year and just dump all of my money into stocks.  I bought Caesars at $9 and it has gone up as high as $106 and now sitting at $90.  I did this with a lot of stocks.  BUT BUT BUT, I only put in $1-2 thousand each. yeah, I made some good cash, but fuck, I could be retired now if I just dumped all of my cash into any of them.  Fuck me.  Another opportunity wasted.  I know some complete fucking morons that cleaned house over the last year on their stock trade.  I know one Escort who has made over $100G in stocks, she put a lot into Tesla.

[IroNat]

Wish I could go back a year and just dump all of my money into stocks.  I bought Caesars at $9 and it has gone up as high as $106 and now sitting at $90.  I did this with a lot of stocks.  BUT BUT BUT, I only put in $1-2 thousand each. yeah, I made some good cash, but fuck, I could be retired now if I just dumped all of my cash into any of them.  Fuck me.  Another opportunity wasted.  I know some complete fucking morons that cleaned house over the last year on their stock trade.  I know one Escort who has made over $100G in stocks, she put a lot into Tesla.

I wish I could go back 50 years and buy Berkshire Hathaway.

[FitnessFrenzy]

focus on what you can do now.

I sold a stock from 15 to 23 in value years ago. Its price is now 600. Why keep thinking about this?
It is much more constructive to find good investments now.

[SOMEPARTS]

No mention by Dalio of Sats being the defence against trash cash. But yeah, he's right.

Cash is trash. We all know it loses value. You either continue turning it to keep up or don't.

The problem is when lending and liquidity tightens up cash on hand is the vehicle to get things done.

The question is will they ever quit sending people money in the mail? I suspect once everybody at the top is good and paid they pull the plug and buy everything with that fake $$$. Not like this is new, just a new way to do it.

You can say there is pent up demand all you want, but once the stimmies stop normal people are extremely weak as consumers. This is a massive game of kick the can down the road.

[FitnessFrenzy]

imagine if you could invest in Basile's biceps supinator business 20 years ago






... the investment would still be worthless today 

[TheGrinch]

I love 100% up room to go with ZERO risk FREE money in the stock market since 2007!!

[FitnessFrenzy]

[gib]

I have had a very successful long term stock investing track record.

I am annoyed I was underweight tech/growth during Covid etc. Still, I'm doing OK, and now massively easing into value stocks with fundamentally solid businesses.

[IroNat]

The guv'ment is sending out checks to keep the citizenry pacified.

Otherwise they'd have a revolution.

[FitnessFrenzy]

gib, can you give a few examples of the value stocks you are buying now?

[SOMEPARTS]

I have had a very successful long term stock investing track record.

I am annoyed I was underweight tech/growth during Covid etc. Still, I'm doing OK, and now massively easing into value stocks with fundamentally solid businesses.

Bragging about stocks in an "it only goes up" market is easy. LOL at anything being underbought with the Fed as Atlas holding the markets on its shoulders.

Look at Yellen's taxation comments from a couple days ago if you want to see where things are headed.

[SOMEPARTS]

The guv'ment is sending out checks to keep the citizenry pacified.

Otherwise they'd have a revolution.

We all laughed at Bernie and his MBI but here we are. If they ever shut mailbox money off a double digit percentage of people will just sit on their smart phones and starve to death. 

[SOMEPARTS]

BLS PPI numbers are nasty...






"there's no high inflation" is starting to sound a lot like "there's no radiation leak, comrade".

[oldtimer1]

If our taxes were doubled it couldn't put a dent in the current spending and proposed spending. Wild inflation has already begun. Anyone that buys food and is paying attention at the super market has seen this. I just bought some construction material to complete a project and the price is up 30% from a year ago.

Waiting for the stock market to crash with a wild sell off. I just wonder when that's happening. It won't be a correction. It will be a sell off as people want to keep their gains. These radical Democrats sure know how to wreck an economy. As long as they get their slice they will run the country into the ground. This insane trillions of money hand outs has to end.  Now they have a new 2 trillion proposed projects in a hand out for kick backs scheme.

[FitnessFrenzy]

[SOMEPARTS]

Neo-slave money, neo-slave stocks.

[FitnessFrenzy]

[IroNat]

Quote: "Index fund investing is a long-term strategy".

But they retired in their 30s or 40s?

Yes, the market is way up now but it will tank soon and they won't be millionaires anymore and it will be back to work.