Next financial Crisis?

[Guest050619-1]

Originally Posted by themystic

LOL! I love (easy, in a spiritual sense) you CB. I do defy the Universe haha.

My stocks are looking good. I have no idea wio to give the credit to. My broker I guess

Labor Department stats, and all that were fake news according to DJT. Why the turnabout?

CNN is closer to the truth than FOX

Oh, c'mon, mystic...now you're just jerkin' my chain to see what I'll say next. But I'm cool; I'm cool.

Anyways...CNN is closer to their truth...their perception is their reality. But it doesn't make it The Truth...you now that, right?

But Hey, on the other hand...Fox ain't perfect either, I know that. (But Damn..!) they definitely got much better eye candy ('specially Abby Huntsman) than any of the other news outlets (and that's good enuff for my horny, ol' ass, I guess...yuk, yuk..)

The other thing...you must have a better broker than me....mine's a life long friend and I give him absolutely ZERO credit for what's taken place in the market since early Nov,,,lol.
I AM, however, pretty damned happy that he got me into a snootful of that ATL-based home-improvement store stock about five years ago. Maybe it's time to sell all that sh*t now (according to some here, the stock market's gonna Deep Six like no other time in history...the sky, the sky...)

[darkwader]

some ppl think whole life insurance is for chumps but if you're trying to protect your assets, it's one of the few games in town that is truly non-correlated to stocks and other economy dependent investments. it's a good idea in the long run to make sure your insurance coverage is close to total value of your assets.

[themystic]

Originally Posted by Chateau Becot

Oh, c'mon, mystic...now you're just jerkin' my chain to see what I'll say next. But I'm cool; I'm cool.

Anyways...CNN is closer to their truth...their perception is their reality. But it doesn't make it The Truth...you now that, right?

But Hey, on the other hand...Fox ain't perfect either, I know that. (But Damn..!) they definitely got much better eye candy ('specially Abby Huntsman) than any of the other news outlets (and that's good enuff for my horny, ol' ass, I guess...yuk, yuk..)

The other thing...you must have a better broker than me....mine's a life long friend and I give him absolutely ZERO credit for what's taken place in the market since early Nov,,,lol.
I AM, however, pretty damned happy that he got me into a snootful of that ATL-based home-improvement store stock about five years ago. Maybe it's time to sell all that sh*t now (according to some here, the stock market's gonna Deep Six like no other time in history...the sky, the sky...)

Lol CB. You are such a stereotypical New Republican DJT supporter. I say that with respect to you and your beliefs. You know we live on different planets lol

CNN, Fox, etc are slanted to their beliefs. I don't like the Fox eye candy becauce they remind me of GPS. Not interested in Rachael Maddow either ha. I'm smart enough most times to separate facts from "alternative facts". Yes Ill take CNN for that, knowing they are left

I'm not worried about my stocks near as much as the past. Had less than 10% chance of survival with major surgery, radiation and chemotherapy. I'm considered one of the miracle patients. Not telling this as sad, feel sory for me story, telling it to make a point

The point is, when I made my will out I realized how much money I was leaving on the table!!!! I want to die broke, fuck lots of pussy and see the world

Politics? Yes I do enjoy the game. DJT- I think you know my thoughts there CB

You are a good sport my friend. Yeah CB, my Friend. I gave up the enemy thing a while back. Even DJT. I just dont want the lunatic running the country

[DFWClubgoer]

Tsmokies...WTF! Why attack me? I just pointed out that you were selective in your post. Clinton a "rock star"? Well I guess hid did have a groupie that gave him a BJ.

https://en.m.wikipedia.org/wiki/Bill...ct_allegations


But he was impeached and lied to congress under oath. At least Nixon owned up to his problem and resigned.

As far as your comments towards me, I guess I'll just chalk that up to ignorance, don't have a valid argument turn to personal attacks. The new liberals; inclusive and welcoming only if you agree with your point of view!

You may be a Red Neck if:.....you can't argue your case without resorting to name calling and personal attacks.

Karma is a bitch! Maybe the lefts bad Karma is responsible for current POTUS? Something for you to ponder until 2020.

[TexTushHog]

I think Trump is an idiot on steroids. And he will wreck the economy if the Democrats don't win back the House in 2018, which they are well on the way to doing at this point. But I'm not selling anything. First reason is that I don't think you can time the market sufficiently closely to profit from timing type moves. Quantitative research shows that if you only miss a certain few days where the market really moves up, you can be seriously damaged.

More importantly, I have huge gains in almost all my holdings since I've held them for an average of 20 years. Done are 30+ years, others 15, 10, 8, etc. But I recognize all losses at the end of each year to lower my taxes that year. If I sold now, I would literally pay millions upon millions of dollars in long term capital gains. When I completely stop earning wage income, or profits from ongoing closely held businesses, I'll live off dividends or borrow against assets, the let my heirs sell to satisfy those debts once they get the step up in basis after my death.

But if you have over 20-30% gains in your investments, selling us nuts. And in many of mine, the gains over 40 years or so are much higher than that.

[themystic]

Originally Posted by TexTushHog

I think Trump is an idiot on steroids. And he will wreck the economy if the Democrats don't win back the House in 2018, which they are well on the way to doing at this point. But I'm not selling anything. First reason is that I don't think you can time the market sufficiently closely to profit from timing type moves. Quantitative research shows that if you only miss a certain few days where the market really moves up, you can be seriously damaged.

More importantly, I have huge gains in almost all my holdings since I've held them for an average of 20 years. Done are 30+ years, others 15, 10, 8, etc. But I recognize all losses at the end of each year to lower my taxes that year. If I sold now, I would literally pay millions upon millions of dollars in long term capital gains. When I completely stop earning wage income, or profits from ongoing closely held businesses, I'll live off dividends or borrow against assets, the let my heirs sell to satisfy those debts once they get the step up in basis after my death.

But if you have over 20-30% gains in your investments, selling us nuts. And in many of mine, the gains over 40 years or so are much higher than that.

Your input is always thought provoking and appreciated. You have a certain knowledge that most don't have a clue as to what your talking about. I greatly appreciate you sharing your wisdom

[TexTushHog]

Your kind, but the knowledge I posses is, or used to be, fairly commonplace. Buy and hold quality investments with the lowest possible costs; pay attention to legitimate tax avoidance; spend less than you make; think in terms if decades, not weeks, months or years; and don't panic.

Market swings are buying opportunities. I slow my buying, almost all reinvestment these days, when I think bull markets are near their end. And when the market goes down, I move as much of my cash in as I can afford. Odds are very high that ten years from the crash, the market will be much higher.

[Luke Skywalker]

I follow the warren buffet rule... Buy when everyone is selling. Sell when everyone is buying. During the 2008 crisis when everyone was bailing out..he was investing in goldmann sacks and buying railroads. The market is hot now, principally tech. Case in point.... He just sold 33% of his IBM holdings, the only tech he owns.

[Tsmokies]

Everything is hot now because Obama took care of the middle class and the rich. Twit head will take care of his own family and the rich, and fck the middle class. It's how it is. Buy more guns with your Obama gains redneck ignorant dumbasses....talking to my self again lol. Don't won't to call a trump hugger a stupid dumbass.

[jayt4567]

Any rate hike by the Feds will have dramatic affect on the US economy. The growth seen by Obama was bound to happen after the 08 crash. Trump is riding through the growth that the feds had created through QE.
The low rate drove the growth in the economy and stock market. Once Fed Funds rate start to increase shit will hit the fan.

The buffet indicator is suggesting that the market is at an all time high similar to the dot com boom before the bust. https://www.gurufocus.com/news/48501...or-reaches-130

I'm not a big DJT supporter but he is going to benefit from this the most since he has not divested his interest from his own personal business. First dip of the pie in the down market and he will be scooping up investment left and right.

I'm not a doom and gloom kind of guy but i rather be pessimistic than overly optimistic because being too positive can cost a shit ton of money.

[Guest050619-1]

Originally Posted by jayt4567

....because being too positive can cost a shit ton of money.

Wish I'd received that piece of sage advice before leaping headfirst into marriages number one and two...

[Crock]

Originally Posted by darkwader

some ppl think whole life insurance is for chumps but if you're trying to protect your assets, it's one of the few games in town that is truly non-correlated to stocks and other economy dependent investments. it's a good idea in the long run to make sure your insurance coverage is close to total value of your assets.

Whole life insurance is for chumps.

A simple experiment to prove it:
Take whatever amount of whole life insurance you were going to buy, and instead buy the equivalent amount of term life insurance and invest the rest in the investment vehicle of your choice. You will absolutely come out ahead if you avoid whole life insurance.

Do you sell whole life insurance, by any chance? I've never heard of intelligent people buying it. It's mostly salesmen preying on the stupid.

[Guest050619-1]

Originally Posted by themystic

I don't like the Fox eye candy because they remind me of GPS.

You are a good sport my friend. Yeah CB, my Friend. I gave up the enemy thing a while back.

Mystic, I agree...much more fun (and easier on everyone's blood pressure) just agreeing we can disagree while leaving the name-calling to the protesters & politicians (lol)...

As far as the FOX eye-candy....I'd still luv a shot at mining for that "gold" with Abby for a weekend or two...just for grins, right? Oh, hell, I'd even give that little cutie on CNN (Rebecca Berg) a tumble in the hay, as well...pollytix be damned.

[jayt4567]

Originally Posted by Chateau Becot

Wish I'd received that piece of sage advice before leaping headfirst into marriages number one and two...

prenup bro... God bless legal protection. She has to love you for you not the money.

Hard earn money you made through blood and sweat should not be given away so easily.

[themystic]

Originally Posted by Chateau Becot

Mystic, I agree...much more fun (and easier on everyone's blood pressure) just agreeing we can disagree while leaving the name-calling to the protesters & politicians (lol)...

As far as the FOX eye-candy....I'd still luv a shot at mining for that "gold" with Abby for a weekend or two...just for grins, right? Oh, hell, I'd even give that little cutie on CNN (Rebecca Berg) a tumble in the hay, as well...pollytix be damned.

Thanks CB. I took a 2nd look after your post. Who am I kidding? Answer is me, lol. Id be mining the Fox gold in a second ha ha. I think my " high browed so called GPS judgment" would melt like butter on a frying pan if face to face with the "real" newscasters you mentioned

Thanks for the reality check. God knows I need it from time to time :-)