Never thought I’d see over 41,000! Guess Biden didn’t tank it. Just another wrong Trump prediction. Thanks, Brandon! PS: 61% of the population own stock, so don’t tell me it just helps the very rich.
How bout that stock market?
- Thread starter zeke4ahs
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The Richest 1 Percent Own a Greater Share of the Stock Market Than Ever Before - Institute for Policy Studies
Baby bonds are one effective strategy for addressing the fact that only 1 percent of stock market wealth is owned by the bottom half of households.
ips-dc.org
Well of course rich people own more. We aren’t supposed to be jealous, right? I’m very happy with what mine is doing, as I imagine the rest of the 61% are.The Richest 1 Percent Own a Greater Share of the Stock Market Than Ever Before - Institute for Policy Studies
Baby bonds are one effective strategy for addressing the fact that only 1 percent of stock market wealth is owned by the bottom half of households.
What Percentage of Americans Own Stock?
Gallup's latest estimate finds 61% of U.S. adults own stock, the highest it has been since 2008.
news.gallup.com
It’s heavily skewed. The median value owned by Hispanics and blacks is a tiny figure. The people Dems pander to most they’ve done very little for - largely making their lives more unaffordable.What Percentage of Americans Own Stock?
Gallup's latest estimate finds 61% of U.S. adults own stock, the highest it has been since 2008.
The last 3-4 days looked pretty nice, but I lost over $2k in one investment today alone.
I've already said several times. I always wait to long. I still swear that internets thing is a fad!Have to limit risk
That scam bankman friedman dude took me for a chunk.
Bitcoin is the path forward. That much we know. And if we ever get to a point where you can use it, like spend it, game over. Right now we’re killing it just on the emotional joy of holding itI've already said several times. I always wait to long. I still swear that internets thing is a fad!
That scam bankman friedman dude took me for a chunk.
That's a good question that I'd like to ask Schwabb. But it was down pretty good today, what about 600?
It still looks pretty good though. 41 is nice.
How much of those 61% get enough of their income from the market to care more about that than the cost of living? How many of those you think benefit are actually seething because they are taking from their retirement fund to pay bills in the here and now?
I don't have the answers to those questions, but only ask them to highlight how meaningless the 61% number is.
Also, @BradStevens I f*cking told you it was 60%.
It was a weird market day. S&P was down 1.4%. DJIA was up.
The stock market right now is being carried heavily on the gains of about a half a dozen securities.
So you liked the unnecessary 18% decline in 2022 due to rising rates to offset Bidenflation? And I assume you own no fixed income prior to 2022 as the AGG was down 13% in that year and yet to recover, the worst bond market ever.
Pretty simple as the "stock market" is not just the Dow. S&P and Nasdaq down today. If he lost, it's because he's owned tech, which has kicked the Dow's ass since Jan 2023.
You might want to check with JDB or twenty, but IIUC you're supposed to sell when it's up, not when it's down. HTH
hahah... OK to be honest I didn't lose anything, because you know Dave Ramsey. We play the long game, I didn't sell shiot. It's just on paper.
It is odd though and I'm starting to question my advisors picks. My 401 can gain 6% the same day that my brokerage account losses 2%... Same day... WTF?
Do they come any more stupid? It's 3 months before an election and were touting the stock market? Jeeezuz Christ the stupidity around here...Not only that were back to deleting posts. Asshioles!
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My tech heavy self lost 2% today. Fortunately I had moved some to a corporate bond fund yesterday. So I only have to work another year extra.
When you are scraping the bottom of the barrel, The best of the grease is always at the bottom. It's the grease that stops all squeaks. Er'body knows that... right? hahaha
Just as Navaro is speaking at the RNC conference, after getting out of Swamp prison this morning. ... Visions of Willie Robertson, dynamite and draining the swamp dance in my head. And this is a great thing for America !
My 401K is through the roof and I'm making more money than I ever have. Literally everyone I know is in the same boat.
I've got some extra cash and thinking of starting an M1 account. Any of you f-ck around with those?
So when packing a wheel bearing stop by the Cooler for the good grease? I sure as hell won't cook with it.
Pretty simple. Your 401k is probably in a target retirement date fund that is a mix of stocks, bonds, and cash, spread out between large, small, and mid cap and growth and value.
Your brokerage is probably funds and etf's that are more targeted in growth and tech.
My IRA (rollover 401K) and my brokerage account -- both roughly equal size -- both lost today, but not much, and both about the same. One is ~75% equities and the other is ~55% equities. I'm a simple man -- I check it every couple days just to see what it's doing, but don't get excited one way or the other. These will be the last things we'll have to tap when the time comes. I'm cash flow positive currently (barely) and have a few little chunks of cash stashed that are drawing interest that will come first.
Yeah sorry you think it’s stupid to brag about gains. Because we all know you’d be on here whining if there were record losses.
You are right, for sure. My 401 is on fire. I had ~70% growth under Trump (in farckin sane!) and then about another ~25% growth under buyden. Great #'s. 75 >25.
Yeah I’m going to pay off my car. No sense paying used car interest rates. Most of my friends are the same, but I know we are fortunate.
I was >< close to using wheel bearing grease.... I honestly didn't think anyone would know what the fack it was. Other than Marc . BUT it was my first thought.
Very fine people… straight from prison to the RNC. Sounds about right. Hope the Dems can get some felons on stage to speak too!
No one to speak of (even here) gets their income from investments (unless retired), and if they're tapping their investment/retirement accounts just to pay bills they otherwise could have paid if not for the inflation spike, then they're doing it all wrong.
Everything has moved around over the last <12 months so that is why I am not 100% able to speak to it. BUT, you are spot on in my brokerage and it is 90% in EFT's. .....( I just realized) which I explicitly requested NOT to do. ...
As I get caught up on all of the shit that I have been putting off, I'm going to address this with my Broker. Drinking and water cooler makes a guy loose focus... Then he goes bat shit crazy... I'm flapping my wings.
But if they couldn't have paid them and had to do that, then what?
You likely should be in etf's as they are more tax efficient. Now maybe you don't want as much in equity etf's and want less risk by having bond etf's, but from what little you have said, you likely have mainly equity etf's. And I would guess you have quite a bit in the QQQ's if you were down 2%. But the QQQ's have been fantastic over the past 15 years.
