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- Thread starter twenty02
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You’re missing the point. This won’t let anyone retire ever so we’ll all be productive members of society until we hop on our caskets. It’s brilliant actually
The market will recover. Everyone knows that. And if you were planning to retire shortly and had most of your portfolio in the stock market you're an idiot. But I agree we will hit 50k within a few years.
Even leaving the lunatics here aside, people making cutesy remarks and asides and not fully acknowledging how insane and unacceptable all of this is are revealing how disconnected they have become from reason, critical thinking, and basic principles of governance and community.
Silly on every level. Peter Navarro? Lol. Nearly every financial planner will recommend people in their 50s and 60s retain a decent chunk in equities. This hurts them. Only way to preserve purchasing power.
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I thought the market tumble in response to COVID-45 was bad, but the market tumble in response to TARIFF-47 is worse
How does it not hurt someone who is closing in on retirement that still has a significant portion of their portfolio in equities?
No he's a fkn world class moron. And doesn't deserve a response. He can take his stupid shit to another thread.
It will recover…but only if Trump stops with this insane gambit.
You guys talk out of both sides of your mouth. You so cavalierly say buy the dip.
Most Americans don't have tons of dry powder sitting around to buy. I'm far from the richest guy on this board but I do ok. At most I usually have 50-75k sitting around.
So the only way to buy the dip in meaningful manner is to sell when you sense things are about to go to shit. I clearly told you on February 20 and 21st I did just that. I took a risk and it clearly could have backfired. But it didn't this time. Up a good chunk and unfortunately tomorrow looks bad too which helps me.
So save your generic buy the dip advice. Most can't afford the buy the dip. I eagerly await your next advice. Let me guess. Buy low and sell high?
Likely taking out 4%, maybe 5. Has a 60/40 or 70/30 allocation. Fixed income side is fairly stable or bond prices rising. Use that side to cover the funding.
Just another slow Monday for us Bitcoiners. It's good for your balls to shrink up into your stomach sometimes.
I think you WAY underrate the psychological impact. If someone's portfolio falls from 1 million to 800k it will impact their willingness to purchase. Then the trickle down impacts starts.
Most retirees in this county live on social security and a small retirement portfolio. They are impacted.
Yes they will recover. The market always goes back up. But there will be pain along the way. This will take time to play out, especially if we have to wait for Trump to make deals one country at a time.
Also, hopefully we can all agree now significantly raising taxes isn't an option in closing the deficit. The revenue generated from tariffs wouldn't even get us a quarter of the way there and will cause a severe recession. Unless people are willing to take pain for a 10+ years we either cut or have extremely inflation for a 4-5 year period. Prepare accordingly.
Trump doesn't even know what gambit he's playing. One day it's supposedly 'retaliatory tarrifs'... The next day it's all about trade deficits.
MAGA morons don't even know what to argue.
I've been doing this for 26 years, through Y2K, 9/11, great recession, and pandemic. Trust me when I say I COMPLETELY understand the psychological impact. My clients have been, are, and will be fine.
Quote of the week
“Tariffs are taxes that are stagflationary for the world as a whole, more deflationary for the tariffed producer, and more inflationary for the importer that imposes the tariffs.”
- Ray Dalio (from his recent post)
Hold on one second. I was told by another poster that tariffs are most certainly NOT a tax.
Guess Ray hasn't read the MIT study.
But if one looks at ONLY tariffs, then I would agree with him. Luckily we have or hope to have declining oil/energy prices, deregulation, tax cuts, and reduced govt spending to offset the tariffs.
Difference being none of them were the result of intentional policy dumbassery. Hard to have confidence in a recovery when your still being led by the morons who crashed the shit in the first place.
It’s all so unnecessary. Just dumb
I disagree. Inflation is an overall measure of all goods and services. Nobody is giving me more money to pay the higher taxes. I will stop spending in other areas to pay the extra taxes for goods or services that increase in price.
Of course, it will recover when we have someone with an IQ over 50 as president
We've always had morons. This moron just did it a month. The last moron made us suffer for all of 2022, and f'd us on both equities and fixed income.
