March 11Mar 11 Author 1 hour ago, Procus said: 1. I'm not retired, and my cash flow is fine thank you. Sorry to hear that. I do realize not everyone is able to retire but I sometimes forget. Don't worry though. You'll be kicking back relaxing and watching an orderly change your catheter before you know it! 1 hour ago, Procus said: 2. The lefties in CVON were posting left and right that Trump caused egg prices to be high, so I responded. Poor lefties, wrong again Don't count your chickens just yet Sally. In any case, I see others in here are challenging those numbers AND more importantly I see that idiot in the WH just tripled down on tariffs.
March 11Mar 11 7 minutes ago, DEagle7 said: I'm annoyed at the timing here. I'm about to start a major remodel on my home. If I wasn't I'd be able to dump a ton into my kid's 529 if things crash. Oh well... That is definitely the benefit of being young (ish). I max out my 401k and put at least $1,500 a month in the 529s so this is going to work out great for me.
March 11Mar 11 Author 18 minutes ago, Mike030270 said: My god, he's simply out to destroy the country. His 2nd term needs to be terminated immediately.
March 11Mar 11 1 minute ago, DrPhilly said: My god, he's simply out to destroy the country. His 2nd term needs to be terminated immediately. It does make you wonder what exactly he's trying to accomplish at this point.
March 11Mar 11 Author 2 minutes ago, Paul852 said: That is definitely the benefit of being young (ish). I max out my 401k and put at least $1,500 a month in the 529s so this is going to work out great for me. Sounds nice but if the Orange man isn't dealt with it may all be overcome by events.
March 11Mar 11 Just now, DrPhilly said: Sounds nice but if the Orange man isn't dealt with it may all be overcome by events. Then we have much bigger problems than retirement and secondary education anyway. I'd like to have a bit of optimism.
March 11Mar 11 5 minutes ago, Paul852 said: That is definitely the benefit of being young (ish). I max out my 401k and put at least $1,500 a month in the 529s so this is going to work out great for me. Yeah I mean my oldest is 3 and I'm in my mid 30s so we'll be fine. Just a bit of a miss opportunity not having a lot of liquid assets right now.
March 11Mar 11 Just now, DEagle7 said: Yeah I mean my oldest is 3 and I'm in my mid 30s so we'll be fine. Just a bit of a miss opportunity not having a lot of liquid assets right now. I'm too much of a punk to pour any more in the market right now anyway I'll kick myself 6 months from now.
March 11Mar 11 Author Just now, Paul852 said: Then we have much bigger problems than retirement and secondary education anyway. I'd like to have a bit of optimism. Yes I agree. I'm afraid we are at the point where we need to accept that we do have bigger problems. There is just too much smoke everywhere. This doesn't end without something fundamental happening.
March 11Mar 11 @vikas83 getting into distressed investing in time for the 08 crisis, COVID, and Trump’s second term:
March 11Mar 11 Just now, DrPhilly said: Yes I agree. I'm afraid we are at the point where we need to accept that we do have bigger problems. There is just too much smoke everywhere. This doesn't end without something fundamental happening. Part of the problem is the ignorance of the population will allow it to go much, much further. Just hang tight.
March 11Mar 11 Figured I'd throw this in here from time to time to track throughout the next couple days: Market Summary > Dow Jones Industrial Average 41,353.47-3,240.18 (-7.27%)past month
March 11Mar 11 3 minutes ago, DEagle7 said: Yeah I mean my oldest is 3 and I'm in my mid 30s so we'll be fine. Just a bit of a miss opportunity not having a lot of liquid assets right now. I spent a small fortune on my home over the past year, new roof, new flooring on the main floor, new fence, and furniture, appliances and a tap system for the basement. Was gonna do a new deck and some luxury upgrades for the back yard this year, but it's gonna wait now.
March 11Mar 11 Author 5 minutes ago, Paul852 said: Part of the problem is the ignorance of the population will allow it to go much, much further. Just hang tight. Oh yes, it is about to get far far worse. The very next step is Canada cutting off electricity deliveries to Mich, NY, and Minn which I expect probably happens today or tomorrow. In parallel, the talks in Saudi will breakdown or finish with no result. The market will love both of those items.
March 11Mar 11 1 minute ago, Boogyman said: Was gonna do a new deck and some luxury upgrades for the back yard this year, but it's gonna wait now. And this is how the recession starts and people lose their jobs. Really wish Trump understood cause and effect.
March 11Mar 11 5 minutes ago, Boogyman said: I spent a small fortune on my home over the past year, new roof, new flooring on the main floor, new fence, and furniture, appliances and a tap system for the basement. Was gonna do a new deck and some luxury upgrades for the back yard this year, but it's gonna wait now. Between this and and the possibility of losing loan forgiveness for my wife we tossed around delaying the reno. But then we're running the risk of pricing increasing significantly so we just pulled the trigger. I'd be pissed if we hold off then have to drop an extra 100k on the project in 2 years. Good problem to have I suppose
March 11Mar 11 1 hour ago, Procus said: 2. The lefties in CVON were posting left and right that Trump caused egg prices to be high, so I responded. Poor lefties, wrong again Who was blaming trump for high egg prices? Anyone with half a brain knows that the POTUS has very little to do with egg prices. Trump and his cult members are being mocked, learn the difference.
March 11Mar 11 2 minutes ago, DEagle7 said: Between this and and the possibility of losing loan forgiveness for my wife we tossed around delaying the reno. But then we're running the risk of pricing increasing significantly so we just pulled the trigger. I'd be pissed if we hold off then have to drop an extra 100k on the project in 2 years. Good problem to have I suppose Definitely. Good luck on the loan forgiveness though.
March 11Mar 11 Who this economy will hurt most at this point are the older folks taking money from their 401Ks. Of course they were likely the ones that voted for this mess too.
March 11Mar 11 6 minutes ago, barho said: Who this economy will hurt most at this point are the older folks taking money from their 401Ks. Of course they were likely the ones that voted for this mess too. I would hope 80% of their assets are in safe investments at this point.
March 11Mar 11 5 minutes ago, Paul852 said: Definitely. Good luck on the loan forgiveness though. It should be fine. Loan forgiveness requires 10 years of work at a non profit with income based repayment. Currently you can't recertify that income based repayment. Now in order to get rid of the program entirely you'd have to have an act of congress. But what they can do is delay things under the guise of this DOGE nonsense and try to revoke non profit status from as many institutions as possible. Now you would think that revoking non profit status from hospitals would be a tough sell even for Trump but at this point I'm learning to never underestimate the retardation of the MAGA crew.
March 11Mar 11 1 minute ago, Paul852 said: I would hope 80% of their assets are in safe investments at this point. I just hope we get a quick turn around when orange man is gone. I got 10 years or so before I want to pack it in.
March 11Mar 11 1 minute ago, barho said: I just hope we get a quick turn around when orange man is gone. I got 10 years or so before I want to pack it in. All joking aside, if we hit a depression we'll probably be working longer than that (once many of us can get our jobs back).
March 11Mar 11 21 minutes ago, DEagle7 said: Between this and and the possibility of losing loan forgiveness for my wife we tossed around delaying the reno. But then we're running the risk of pricing increasing significantly so we just pulled the trigger. I'd be pissed if we hold off then have to drop an extra 100k on the project in 2 years. Good problem to have I suppose What all are you guys doing?
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