I ran across this dated thread and this post has me wondering how Boomers’ investments are stacking up. A pandemic was certainly on no ones horizon on Jan 1, 2020. And ETFs have become a heavy favorite of the 60+ crowd I understand and just recently the market watch networks vaguely mention that those as in not so profitable situations.
@Rod_Knox Geeze man, flag police??? Didn’t we just get done with a whole pile of political carp by the usual suspects?? If you want stock advice get yourself a Morningstar subscription or something.
The Cramer crowd follows their instructions and insist the solution is always remain in the market. And I’m not looking for advice, I’m looking for real life ‘anecdotal’ experience of anyone who is in the markets but not brain washed by the market mavens.
The markets are a necessity for those whose wealth in hundred dollar bills would overload an F-150 pickup Bing. Most Americans with their savings in the markets don’t seem to know any more than me.
@bing has a point. There isn’t much we might talk about that is more incendiary than this,
That said, here goes…
I agree that the riches among us call all the shots. It isn’t just who is president, but who all the elected representatives are. PACs can make unlimited donations to the candidates of their choice, and that means that their guys can spend tons more than the competition. When they get elected, the elected reps know who buttered their bread and often vote for their benefactors pet projects. Once their pet Senator or Congressman is in office, it doesn’t cost as much since just being in office is a huge advantage. We don’t have healthcare for all citizens in any of the various forms it might take because the plutocrats don’t want it. Ritchie Rich got a huge tax cut a couple years ago because he and the rest of the plutocrats wanted it. Did you get something? Yeah, and a very little bit compared to what the rich guys got. And they’ll get more: that huge tax cut makes Medicare and Social Security much less solid because much less money is available. We paid for our parents to get those benefits, and now that it’s our turn, we are likely to get told to get lost. One thing that can save us is term limits, but that would be extremely difficult to enact, especially with Ritchie’s best oil’ best friends looking to stop that in a nanosecond.
+1
Or, for a substantially lower price, subscribe to Kiplinger’s Personal Finance magazine.
No, actually, my Federal income tax liability increased… a lot.
Or hire a finical advisor. He/she can loose money as well as I can. Is not this supposed to be about cars?
Winston Churchill referred to it as the high cabal above the elected calling the shots. See who initiated events in 1945 to insure a Viet Nam war. See why JFK was killed when he planned to pull everyone out and break up the CIA. How many coups have we actually had? See who has benefited from Chinese money-which politicians and which industries and which media. This is why there is such fierce opposition today as the cabal is being exposed and broken up. But hey, I am “allowed” to go cut my grass so see ya.
If your money is loose, then–clearly–you need to tighten your finances.
Otherwise, you might lose money!
Yes, this is supposed to be about cars, but I was not the one who resurrected this thread.
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@cdaquila - this started out in the ditch, nowhere to go from here…
If you believe in American business, then invest in the market. If you don’t, then put it in a bank or bonds. There is but one rule, normal people are not going to know fast enough to get out so you stay in for the ride. You don’t make the mistake of selling when everything is going to pot. Even during the depression, folks who could afford to stay in, did ok. The mistake FDR made was to punish business so jobs were not created for ten years. The same mistake will not be repeated today-pandemic or not.