Market Major Correction Coming
- Thread starter stollcpa
- Start date
Great! That doesn’t fix my life long savings or at least the part I got to keep. Lol.
I don’t have 5 years to wait while I lose 30-40% with the idiots we have running the country the next 3 years. Did I say idiots? Yes I did. The most incompetent administration in history.
Hasn't Ron Paul been barking about a market collapse since 2014 or so?
Sooner or later I guess the prediction will be right, just like the prediction by Colts fans that Tom Brady was overrated and was going to fall off a cliff. That one emerged in about 2003 and was recycled yearly, until very recently.
Sooner or later I guess the prediction will be right, just like the prediction by Colts fans that Tom Brady was overrated and was going to fall off a cliff. That one emerged in about 2003 and was recycled yearly, until very recently.
There's no doubt that Brady is a good QB but if I was starting a team with equal talent he wouldn't be at the top of my list. It's hard to rate QBs because a lot of their success depends on their teammates. It's like last year's superbowl... if Brady had been harassed by the defensive line like Mahomes was I don't think he would have done as good as Mahomes. Troy Aikman never got as much credit as I thought he should... if I remember correctly (a big IF) he won 3 super bowls in 12 years... I need to check that but I'm getting out of here for a while.
If it's any comfort he's already said that he would run again in 2024 if his health is good.
A
anon_6hv78pr714xta
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Yep but in non qualified accounts it will require paying income taxes on the gains.
Good News is I'm young enough to get it back (never could imagine being 64 in 2008/9).
Yep, that's it for the good news. Bad News is I'm not anywhere near the retirement goals I've set to get out at 60.
Christ that's still 14 years away.
If I can get paid for drinking and making inappropriate comments.....wait a minute I probably could make money doing that.
By goals were 55. I didn’t contemplate the number of crashes we’ve had. And my fear is another is coming. Overpriced market and idiot administration. It’s only a matter of time.
Of course you can sell and endure 28.53%. 20% federal, 3.8% ObamaCare tax, 3.23% Indiana tax and 1.5% local county tax.
A 125bp gradual rate increase is not meaningful from a historical perspective. A CPA offering investment advise is ill-advised.
We will see what happens. Perception can cause the market to decline with only one decline. Btw, some CPAs now offer a brokerage service in addition to their accounting and tax services. I don’t offer the service. I am stating my opinion on here for discussion.
Not surprisingly, I've thought of this.
I love to play pool. Difficult to find real pool halls anymore. All I need to do is to make it hipster cool and possibly make it work.
Then again, not many youngers play pool anymore and young people go to bars.
Dammit.
I was thinking the same thing. People have been predicting drops for years. I know guys that have been way too cautious since the last.
I hit 50 this year and excited about the catch-up provision in my 401k. At some point interest rates have to go up a bit. They won't get too carried away. Our national debt load can't handle anything too crazy (public and private).
Maybe I have been hearing about a market correction for five years now. The only thing that will likely do it is if the feds actually take the punch bowl away and make some major rate hikes. I still do not think they will do it because they know at that point the gig is up. They have talked about raising rates for years but never do it.
And a lot of bankruptcies from economic slowdown and house owners being underwater when they have to sell after they've bought at ridiculous prices.
Open a dispensary that has a pool table in the break room. Its arguably the worst time in our countries history to open a bar.
Done. Loan my $1,000,000 for the dispensary license and $10,000,000 to buy off the Indiana General Assembly.
Shit, better make it $20,000,000 on the latter.
Max it if you can afford it.
I believe the current rules now let you wait until age 72 before you have to take the mandatory distribution. That's a long time for the account to grow for you. But of course check the rules before you make any critical decisions.
And, don't forget this caution either: Objects in mirror are closer than they appear.
Have you considered Bitcoin? Just kidding.
For years, people have been saying the market is going to crash. What prompted your post, may I ask?
EDIT: I mean, what really prompted your post.
So are the smash and grab a-holes are ahead of the curve?
They may be the next wave of financial planners.
In the meantime, I'm going to be buying an I Bond (heard about it first here) with what I've got in a CD maturing next month.
I bonds — TreasuryDirect
www.treasurydirect.gov
Hoover has to be in the mix, no?
Yeah, I'd like to know where this "Talk of the fed raising rates 5-6 times..." came from.
What I've heard was they might, just might, have four raises instead of the three most are expecting. I can't imagine stoll exaggerating any of this just for effect.
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