Next financial Crisis?

[Guest050619-1]

Originally Posted by themystic

I must of have missed the great depression of 2009.

Mystic, he's prolly referring to that fun-filled Bear Market from late 2007 to early-2009. Many, who were in the market, saw their retirement funds drop 35% (or more during that span) while the DJIA went into a tailspin (losing 54% of its value over that time). Yeah...that was pretty fuckin' depressing, I must say....

But TODAY...oh, baby! We be ridin' Da Wave of Making America Great Again! Go, Trump, Go! 22,000+ and goin' STRONG!

[darkwader]

Originally Posted by BLM69

Thread is turning into political crap senseless arguments as usual, nobody wins those btw

ditto.

current run-up in market is due to tech earnings growth that just wont stop and optimism about internet 3.0 (IoT, AI, crypto currencies, mobility), not some magical trump put. likewise, market jump from 2009 feb till 2016 nov wasnt due to obama's abilities either, it was recovering from 2007-8 armageddon. presidents get undue credit and blame for events that happen during their time.

[TexTushHog]

If you want to keep a portion of your portfolio in cash equivalents, why not use short to mid term muni bond or corporate bonds ladders, depending on your marginal tax rate? I don't see various life insurance products having any real advantage over those. If you're worried about rising interest rates, shorten up your average length or just hold them to maturity. I a minimum if 10 -15% in near cash equivalents like that now that I'm in my mid to late 50's and not as active working any more, but I just don't see any reason other than inheritance taxes to hold life insurance.

[huskerred]

The great depression started in 2008 and carried into 2009. There will always be recessions and depressions as well as great bull markets. It is the great circle of life, what goes up comes down and what goes down will go up.

As far as blame goes it is on everyone in elected office from 1996 to present. They are to busy building their personal power and wealthy, no time for us "little" people. NO party is exempt from blame and NO party is less to blame than the other. Anyone who says they are a politician or is referred to as a politician is a liar and a thief, a fact of life unfortunately.

[darkwader]

Originally Posted by TexTushHog

If you want to keep a portion of your portfolio in cash equivalents, why not use short to mid term muni bond or corporate bonds ladders, depending on your marginal tax rate? I don't see various life insurance products having any real advantage over those. If you're worried about rising interest rates, shorten up your average length or just hold them to maturity. I a minimum if 10 -15% in near cash equivalents like that now that I'm in my mid to late 50's and not as active working any more, but I just don't see any reason other than inheritance taxes to hold life insurance.

no comment on rate of return of tbills, munis, corp bonds etc over whole life dividends in short term. but over the very long term, they run neck to neck with whole life even pulling ahead. (I saw a chart on this but dont have access at the moment).

one of the reasons I signed up at age of 38 is so I can bequeath my daughter certain dollar amount even if every other investment tanks. to me it's about peace of mind knowing there's that absolute amount protected from the taxman. on flipside, from what I gather it's not really worth the hassle of starting wholelife policy in your 50s...

[TexTushHog]

I just don't see why it provides more protection for you daughter, perhaps apart from the life insurance aspect, which can be achieved cheaper with term life. But otherwise, my understanding is that returns on insurance products are actually lower because of up front fees. The spread diminishes over time, but insurance products never over one the large fee taken out up front.

As I said earlier, once your assets get over $5 or $10M and estate taxes enter the picture, the term life may or may not be a good way to pay that tax liability, depending on your asset mix, and whether the step up in basis you get on death under current law is preserved.

[rexdutchman]

There are a lot of "Easter eggs " that odumboo left , Affirmative action is just coming back to the front , so I think the student loan issue will be next.

[Crock]

Originally Posted by darkwader

no comment on rate of return of tbills, munis, corp bonds etc over whole life dividends in short term. but over the very long term, they run neck to neck with whole life even pulling ahead. (I saw a chart on this but dont have access at the moment).

No way. If you saw such a chart, it was sales propaganda. Whole/Universal life insurance is for chumps. It's mathematically a bad deal for everyone except the people that sell it.

If you need the insurance aspect, buy term and invest the significant savings you'll have from not throwing money away on whole life insurance.

[jayt4567]

World Financial Group try to get me to sell that shit to poor dumb old folks.

I'm sticking to rental and multi for my retirement.

[2short@desky]

What goes up must come down, sometimes hard, sometimes gradually. I'm convinced contrary to many, that Trump is the only sane person in leadership politics, but am starting to think the swamp may be much deeper than he had envisioned. I have friends in Ukraine and Russia. From what I saw them go through in the Soviet collapse, in the event of a financial meltdown, it may be wise to have a hoard of barter commodities, or acquisition of skills that can be bartered. When the trucks stop bringing food, grocery stores will be depleted in 3 days. Money will mean nothing. Electricity may or may not be there....so all frozen food rots. Water, packaged dry foods, toiletries, bicycles, hand tools, drugs(Tylenol, ASA, Advil) and medical supplies will be high leverage items. You will be able to trade 2 aspirin for 4 pints of pussy and 6 BBBJs.