I don't need to. I see the added charge every time I use a credit card.OK , go do your own study then. F/X also absorbs some tariffs costs btw. Bottom line it's not 1:1.
I don't need to. I see the added charge every time I use a credit card.OK , go do your own study then. F/X also absorbs some tariffs costs btw. Bottom line it's not 1:1.
You're calling that a tariff lol? C'mon be serious.I don't need to. I see the added charge every time I use a credit card.
It’s wild that this even need said. Literally no reason to punish smaller countries who are not capable of buying as much from us as we buy from them. Not to mention artificially/arbitrarily trying to force countries into equal buying from each other is as big government as it gets.+1
And I believe imports/exports need to be viewed per capita or GDP per capita. Canada is 1/8 our size. Why would we ever expect them to buy the same amount of goods from us as we from them? Yes, have fair and equal trading rules, but being so fixated on the deficit is illogical.
You really think it’s going to take 6-8 years to get back to where we were 10 days ago?My younger brother fully committed his cash into the market since he expected results to be the same as the first term, big supporter but now not so much. Luckily, he brought an annuity for his retirement before all this. There’s millions like him. He’ll just have to wait 6-8 years to get back where he started.
This is one area where I fully support us cutting China out of the supply chain entirely. Our entire drug industry is completely reliant on China, whether the drug itself is produced there or we source a production input from there.
You don’t bet the health of a nation on your primary geopolitical enemy, you just don’t. Better to have temporarily high drug prices until the supply chain reallocates than no drugs at when China makes a move on Taiwan.
What kind of annuity? How much$?My younger brother fully committed his cash into the market since he expected results to be the same as the first term, big supporter but now not so much. Luckily, he brought an annuity for his retirement before all this. There’s millions like him. He’ll just have to wait 6-8 years to get back where he started.
If this become 2008 yes, look at the chart during 2008. I wish it’s going to be a V curve but I don’t expect it. It will come back but expect a longer period. I want to make money so if it’s a V curve I make it back in a year. I still think we go lower than today, it’s not over.You really think it’s going to take 6-8 years to get back to where we were 10 days ago?
my muni funds are getting smoked, unless you're looking for individual munisI’m hunting for Munis. Think people will be selling positions that are not down as much to raise cash.
I despise muni and bond funds in general. Much better off holding the actual muni bondmy muni funds are getting smoked, unless you're looking for individual munis
Recession in 2001 and between 2007-2009 took 5.5 years. The recession in 2020, S&P recovered in less than a year.You really think it’s going to take 6-8 years to get back to where we were 10 days ago?
Recession in 1987 took 7 years.Recession in 2001 and between 2007-2009 took 5.5 years. The recession in 2020, S&P recovered in less than a year.
I would think a little less than 4 years.You really think it’s going to take 6-8 years to get back to where we were 10 days ago?
Ok dave, you sure your brother isn't the make-believe Tom Hanks character on SNL wearing a red hat lol? You said "luckily" he bought an annuity-so again what kind of annuity? Why were returns terrible?He brought $500,000 annuity a couple of years ago terrible return. He’s not very smart, look at who he voted for. He has the least amount of assets in the family. Still doesn’t believe Covid existed even though he went to the hospital for Covid. He left early but the next day he couldn’t breath and had to go back to the hospital. Wouldn’t get his vaccine even though we told him. He doesn’t like illegals because he lived in L.A. and thought it was because of them rent and properties were so expensive.
He has marital problems and gave his wife some of his assets. That’s life.
Correction, two years. ATHs by September 1989.Recession in 1987 took 7 years.
Now you've really confused him.Correction, two years. ATHs by September 1989.
Not the stock market, took two years and much was recovered more quickly than that. And there really was not a recession after the ‘87 crash.Recession in 1987 took 7 years.
Just look at the charts. I made a mistake it wasn’t 1987 but the 2000 dot.com bubble.Well, taking a look at the charts, in year 2000, it took 7 years to get back, or 4/2007, to the 2000 high. In 2007-8, the high was 4/2007, it took 6 years or 1/2013 to get back to high. So if you got out of the market before the drop you had 6-7 years of accelerated returns, over 14% annually, before the market catches up.
Luckily, I had great returns when I got out before 2008 and then got back in, same with the current situation. I retired in 2/2010 and was secure financially after the crash. Looks like Buffett did the same. He was able to bail out the banks in 2008 because he had a lot of cash on the side and now he has a lot of cash on the side to buy stock at an extreme bargain. What a coincidence Buffett loaded up with cash before the crashes. I’ll wait a little before I buy Brk.b because he’ll have great returns the next 7 years.
Guess you never heard about sequence of returns risk. Not surprising. Maybe ask your brother if his annuity addresses this risk.Just look at the charts. I made a mistake it wasn’t 1987 but the 2000 dot.com bubble.
If every crash took 1-3 years to get back to the point before the crash, why would anyone have to worry about having a huge % in stocks when they are in their 60’s? Possibility of taking 10 years to get back.
I don’t care, you hope the downturn stops while I hope for another 20% drop so I can keep buying at lower prices. I also want the market to come back in 1-3 years but not as much as a few on this board.Guess you never heard about sequence of returns risk. Not surprising. Maybe ask your brother if his annuity addresses this risk.
He brought $500,000 annuity a couple of years ago terrible return. He’s not very smart, look at who he voted for. He has the least amount of assets in the family. Still doesn’t believe Covid existed even though he went to the hospital for Covid. He left early but the next day he couldn’t breath and had to go back to the hospital. Wouldn’t get his vaccine even though we told him. He doesn’t like illegals because he lived in L.A. and thought it was because of them rent and properties were so expensive.
He has marital problems and gave his wife some of his assets. That’s life.
Ok dave. But what about your brother's annuity? Is he still lucky he bought it 2 years ago? Why or why not?I don’t care, you hope the downturn stops while I hope for another 20% drop so I can keep buying at lower prices. I also want the market to come back in 1-3 years but not as much as a few on this board.
He has a steady income plus his social security which is good for him. Maybe 5-6 years ago.Ok dave. But what about your brother's annuity? Is he still lucky he bought it 2 years ago? Why or why not?
2008 happened because of sub prime issues. We had strippers owning 7 houses. There were fundamental Issues. This is not that. This is Trump Sabre rattling. One of two things will happen. Countries will fold or they won’t. Either way it will work its way out and everything will go back to normal. By Fourth of July people will be arguing about price of hot dogs between the two administrationsIf this become 2008 yes, look at the chart during 2008. I wish it’s going to be a V curve but I don’t expect it. It will come back but expect a longer period. I want to make money so if it’s a V curve I make it back in a year. I still think we go lower than today, it’s not over.
If it’s going to be a V curve, why aren’t the people with cash buying stocks? There are about 3-5 on this board that moved to cash before the crash.
Hey I wish it’s a V curve but most of the people on this board don’t believe that except T2K. We can only hope.2008 happened because of sub prime issues. We had strippers owning 7 houses. There were fundamental Issues. This is not that. This is Trump Sabre rattling. One of two things will happen. Countries will fold or they won’t. Either way it will work its way out and everything will go back to normal. By Fourth of July people will be arguing about price of hot dogs between the two administrations
Oh he's working while collecting SS? Interesting.He has a steady income plus his social security which is good for him. Maybe 5-6 years ago.
He brought $500,000 annuity a couple of years ago terrible return. He’s not very smart, look at who he voted for. He has the least amount of assets in the family. Still doesn’t believe Covid existed even though he went to the hospital for Covid. He left early but the next day he couldn’t breath and had to go back to the hospital. Wouldn’t get his vaccine even though we told him. He doesn’t like illegals because he lived in L.A. and thought it was because of them rent and properties were so expensive.
He has marital problems and gave his wife some of his assets. That’s life.
Here’s a view from someone that in the business and I believe was in cash.Every imbecile does well in a rising market. There have been remarkable historical returns coming out of the financial crisis since 2009. Many people now think that they are good investors and can beat the market averages. Hog wash. It is extremely likely that the equity returns over the next decade, 20 years, will be much lower than the past 20 years. Almost certain. I'd bet that with high confidence. Could we go flat for a decade? Given the outsized returns since 2009, highly probable. Factoring inflation, going flat is a large loss.
Good luck.
He’s retired. Stop this nonsense. You lost a lot of money in the stock market. Should have moved some to cash. At least Pakk89 was smarter than you. Can you sleep at night with the losses?Oh he's working while collecting SS? Interesting.
So back his annuity, you said he bought the annuity a couple years ago (not 5-6) and he was lucky he did. Tell us more about this lucky annuity he bought with the "terrible returns".
If you say so dave. Is his annuity providing him steady income? You seem to know a lot about his financial circumstances, so you must know why his annuity purchase was so "lucky" with terrible returns. C'mon stop dodging dave.He’s retired. Stop this nonsense. You lost a lot of money in the stock market.
You’re in the business and you didn’t think the market was overpriced? Lol , I wouldn’t want you working for me.If you say so dave. Is his annuity providing him steady income? You seem to know a lot about his financial circumstances, so you must know why his annuity purchase was so "lucky". C'mon stop dodging dave.
My retirement portfolio allocation is fine for my time horizon. But maybe I could use an annuity like your brother's, so please tell me more about it. Did he buy it at the lows in both stocks and bonds re: 2022? ThanksYou’re in the business and you didn’t think the market was overpriced? Lol , I wouldn’t want you working for me.
Can you sleep at night with your losses?My retirement portfolio allocation is fine for my time horizon. But maybe I could use an annuity like your brother's, so please tell me more about it. Thanks
While I was unfortunately overweight cash for the last several years, and missed out on robust gains, I am taking a sizable beating in 2025. The market humbles people. And that very much includes myself.He’s retired. Stop this nonsense. You lost a lot of money in the stock market. Should have moved some to cash. At least Pakk89 was smarter than you. Can you sleep at night with the losses?
Says the always perfect market-timing Warren Buffett of the RU Free Boards lol. Nobody believes your b.s.Can you sleep at night with your losses?
dumbDave wrong again! Thanks for the laughs Buffet.While I was unfortunately overweight cash for the last several years, and missed out on robust gains, I am taking a sizable beating in 2025. The market humbles people. And that very much includes myself.He’s retired. Stop this nonsense. You lost a lot of money in the stock market. Should have moved some to cash. At least Pakk89 was smarter than you. Can you sleep at night with the losses?
HAHAHAHA another post edit from daveBuffet. So what is his annuity invested in?You’re in the business and you didn’t think the market was overpriced? Lol , I wouldn’t want you working for me.
His purchase was lucky because he would have been fully invested in the market like you.
Jtung230, RUinpinehurst, RUrahrah, I’m inM moved to cash so it really wasn’t a secret the market was overpriced and Trump talking about tariffs.Says the always perfect market-timing Warren Buffett of the RU Free Boards lol. Nobody believes your b.s.