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What do you do with your money in a Biden economy?

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GuyDatHoo

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Mar 29, 2022
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This market is still a long ways from bottoming out, I wouldn’t try to buy low any time soon. Real estate? Good luck, interest rates going through the roof and property values about to come crashing back down. Cash? Half a percentage point is a super soaker on an inflationary inferno. They refuse to take their medicine in one form or the other.

This is why he will get wiped out in November. Do not let financial illiterates run the country.
 
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GuyDatHoo said:
This market is still a long ways from bottoming out, I wouldn’t try to buy low any time soon. Real estate? Good luck, interest rates going through the roof and property values about to come crashing back down. Cash? Half a percentage point is a super soaker on an inflationary inferno. They refuse to take their medicine in one form or the other.

This is why he will get wiped out in November. Do not let financial illiterates run the country.
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Never thought you’d ask. Take your money, buy bitcoin, and fall asleep for 5 years. Thank me later.
 
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GuyDatHoo said:
This market is still a long ways from bottoming out, I wouldn’t try to buy low any time soon. Real estate? Good luck, interest rates going through the roof and property values about to come crashing back down. Cash? Half a percentage point is a super soaker on an inflationary inferno. They refuse to take their medicine in one form or the other.

This is why he will get wiped out in November. Do not let financial illiterates run the country.
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Vanguard neutral fund, some dividend stocks, some just sitting in the credit union, etc.

Nasdaq and Russel getting pounded. A bit more to go but be ready to put your money back in.

Or just buy and hold and dollar cost average. It ain't sexy but this too shall pass.
 
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snarlcakes said:
Never thought you’d ask. Take your money and buy bitcoin and fall asleep for 5 years. Thank me later.
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As a reference point, I'm 18 months into cryto, $1800 is now worth $559. One way to buy and one way to sell. I would have felt better just donating to the DNC. At least I would have felt like I agreed to effing civilization.
 
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GuyDatHoo said:
For real, what are you doing with your money in the Biden economy? What do you do for a living even outside of torturing animals?
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Same thing I did under Trump economy, which was pretty much riding the curtails of Obama's economy.
 
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mcmurtry66 said:
I don't think it's going to crash but I'm beginning to think it's going to be a very rough landing in many cities.
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It's going to hit small town USA hard as well. There has been a fairly large migration (more than normal for sure) from the cities and suburbs to small towns and more rural areas these past 18-24 months, which has helped drive up those home/land prices. They were the last to go up during this boom, and will be the first to come back down when the market adjusts.
 
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mcmurtry66 said:
I don't think it's going to crash but I'm beginning to think it's going to be a very rough landing in many cities.
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cover5.jpg


This time I'm not messing around. My dream of becoming a shitty slumlord is still on the table
 
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I'm from Elkhart originally. The way business goes there has always been a good barometer for where the economy is headed. My oldest son is in sales in the RV industry. He just visited this past weekend and said its slowing down. It's been gangbusters for years now, but its starting to come back to reality. jus sayin.
 
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UncleMark said:
@20twenty can show you the ropes.
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Hope to be out within the next 6 weeks or so. Closing on my next to last sale on Monday. Then one house that's taken forever to finish rehab on.... hopefully on the market in the next 10 days or so.

Have kept a couple of my fav ones that I'll keep very long term, paid off and have de-levered. Wouldn't be sad to see the stock market continue to gag hard for another couple months and give a nice entry point.

Don't expect the RE market locally to drop much... there is still very little inventory.... maybe worst ever. But I expect demand to seriously chill....
 
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I will ride the market out. I made ~17% last year and a yearly average of 13% since 1995, which included some down years. It gets a little depressing seeing reirement funds go down 1% or more in a day, but I try to still think for the long haul. People who attempt to time the market, pulling funds in and out on "feelings", almost always are less successful than continual market investors.
 
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I should have listened 6 months ago when most analyst were saying to sell and get cash strong. I didn't. So I wait and keep adding positions when I see good deals. Lots of good deals right now and for the foreseeable future.
 
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outside shooter said:
I will ride the market out. I made ~17% last year and a yearly average of 13% since 1995, which included some down years. It gets a little depressing seeing reirement funds go down 1% or more in a day, but I try to still think for the long haul. People who attempt to time the market, pulling funds in and out on "feelings", almost always are less successful than continual market investors.
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Market timing generally ill-advised unless you have a system you can really stick with. Most can't. Timers would have already been out mid/ late April when the 200 day moving average was breached.
 
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dbmhoosier said:
Yep. Even crazy James Carville knows the Wipeout is coming.

www.foxnews.com

James Carville blasts Democrats: They'll just talk ‘veganism and pronouns’ if Roe is overturned

James Carville told CNN Thursday that conservatives are justified to believe Democrats will talk about "veganism and pronouns" instead of hitting them on abortion.
www.foxnews.com www.foxnews.com
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Crazy like a fox- Carville is classic. After Trump won Florida by getting a lot of Cubans and Venezuelans to fear socialism, Carville noted Biden out-performed Hillary in Duval County near Tampa the I-4 corridor so bell-whether, Carville said “that’s a case of yes Mrs. Lincoln- other than that, how was the play”. Carville has a gift none of us on here shares
 
dbmhoosier said:
Yep. Even crazy James Carville knows the Wipeout is coming.

www.foxnews.com

James Carville blasts Democrats: They'll just talk ‘veganism and pronouns’ if Roe is overturned

James Carville told CNN Thursday that conservatives are justified to believe Democrats will talk about "veganism and pronouns" instead of hitting them on abortion.
www.foxnews.com www.foxnews.com
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the DNC isn't dysfunctional, it's been bought.

and it's being more than functional in doing exactly what it's buyers wanted done when they bought it.

everyone can stop twisting pretzel logic a hundred different ways trying to make sense of what obviously doesn't.

the most obvious answer often is the correct one.

it's the correct one here.

when govt can be bought, 100% chance it will be.

is there anything about 100% that people don't get?
 
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IUclover said:
Housing market isn’t crashing.
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It’s slowing down big time. There have been several reductions in price in our area and some in the 300-400k range sitting for a month plus when they were selling in hours a couple months ago.
 
ce36ei said:
It’s slowing down big time. There have been several reductions in price in our area and some in the 300-400k range sitting for a month plus when they were selling in hours a couple months ago.
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Not the case in my neck of the mountains. Just as crazy as the last few years.
 
GuyDatHoo said:
This market is still a long ways from bottoming out, I wouldn’t try to buy low any time soon. Real estate? Good luck, interest rates going through the roof and property values about to come crashing back down. Cash? Half a percentage point is a super soaker on an inflationary inferno. They refuse to take their medicine in one form or the other.

This is why he will get wiped out in November. Do not let financial illiterates run the country.
Click to expand...
If Biden gets his way, we will no longer have "money" as we know it. We will have electronic money and the government will be able to prevent us from accessing it. And, the government will be able to track how you spend it, when you spend it and even where you spend it.
 
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ORG said:
If Biden gets his way, we will no longer have "money" as we know it. We will have electronic money and the government will be able to prevent us from accessing it. And, the government will be able to track how you spend it, when you spend it and even where you spend it.
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Link so I can read more on this plan?
 
ORG said:
If Biden gets his way, we will no longer have "money" as we know it. We will have electronic money and the government will be able to prevent us from accessing it. And, the government will be able to track how you spend it, when you spend it and even where you spend it.
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Yes!!!! You see this @Baller23Boogie?! I knew you were the right guy for my finances. Well done son. Well done.
 
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ORG said:
If Biden gets his way, we will no longer have "money" as we know it. We will have electronic money and the government will be able to prevent us from accessing it. And, the government will be able to track how you spend it, when you spend it and even where you spend it.
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We already have electronic money. What a silly response. Only about 8-10% of "money" is actually minted currency.
 
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UncleMark said:
That autopay shit is even worse than just paying electronically. I'll be damned if I'm giving them permission to tap my account without me authorizing it ahead of time, every time.
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I should clarify.

I have Scheduled bill pay. I mean, i set it and forget it.

How else do you think i have 9 streaming services?
 
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