Trade Wars and Tariffs

#4,626
#4,626
mrorange211 said:
If it indeed is a deal, it's seriously great news for all of us. I'll reserve judgement though until we see the details because the UK deal was not impressive.
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Remember, a common MO of orange man is to break something, restore it (at best) to something not all that different than it was before the breaking, and sell it like it's the best thing ever.
 
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#4,627
#4,627
Majors said:
Should be a big day tomorrow on the market, hope you bought and hope you didn’t sell in a panic.
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Yep. Trump will pull a couple of billionaires into the oval office and boast about how much they made on the deal. He did it a month ago to appease the spineless dolts like you🤣🤣🤣
 
#4,631
#4,631
BernardKingGOAT said:
I'm absolutely certain I did and didn't make a single trade😯
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I do enjoy the BMOC flexing by some during this fiasco 😂

I also didn’t make a trade however I’m up also as compared to the balance before initial drop. Even with a balanced portfolio I was down 6 figures at the low first digit wasn’t a 1 either and I didn’t see the market percentage drops in my portfolio my own percentage drop was lower. My financial advisor has me diversified into international markets in addition to the stock/bond mix and due largely to those international ETFs I’m higher than before the drop. I guess that’s “free money” don’t really know 🤷‍♂️
 
#4,632
#4,632
Majors said:
Difference, I wasn’t spineless. I was buying.
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Buying in a down market isn't a reflection of having a tree trunk back there. Having a spine is buying BOM in 2009. And I don't know having an understanding of what going on at the time was necessarily having a spine. I certainly don't think buying $100 of Bitcoin in November 2011 was a result of having a "spine". I bought $50 worth of Exxon Stock at $28 not long after I opened my first savings account with a Christmas gift of $50 from my grandparents. That was 1974-5
 
#4,633
#4,633
NorthDallas40 said:
I do enjoy the BMOC flexing by some during this fiasco 😂

I also didn’t make a trade however I’m up also as compared to the initial drop. Even with a balanced portfolio I was down 6 figures at the low first digit wasn’t a 1 either and I didn’t see the market percentage drops in my portfolio my own percentage drop was lower. My financial advisor has me diversified into international markets in addition to the stock/bond mix and due largely to those international ETFs I’m higher than before the drop. I guess that’s “free money” don’t really know 🤷‍♂️
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I’m 12-15 years from retirement. I buy dips like a pregnant woman buys cakes.
 
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#4,634
#4,634
BernardKingGOAT said:
Buying in a down market isn't a reflection of having a tree trunk back there. Having a spine is buying BOM in 2009. And I don't know having an understanding of what going on at the time was necessarily having a spine. I certainly don't think buying $100 of Bitcoin in November 2011 was a result of having a "spine". I bought $50 worth of Exxon Stock at $28 not long after I opened my first savings account with a Christmas gift of $50 from my grandparents. That was 1974-5
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Ouch, 74. I wasn’t born for another 3 years. That explains the emojis.
 
#4,636
#4,636
Majors said:
Ouch, 74. I wasn’t born for another 3 years. That explains the emojis.
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Ouch? 🤭🤣🤣🤣🤣🤣

You're kind of on the back end too, but I do understand your activity at that age. I was 46 in 2009. I settled in on an overall position a little less than 10 years later in 2018. Diversified organizational changes since have been positive
 
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#4,637
#4,637
NorthDallas40 said:
Good for you. I’m 2 years into retirement and am fortunate to have a next egg large enough to have access to competent professional management.
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I run a highly exclusive boutique investment firm. My firm averages 40% returns. I only open up to new investors one or two times a decade. I've felt bad for you since your hand injury. I've decided to invite you to invest in my once in a lifetime investment fund. If you would like more details please email me at: iretirewithyourmoney@yahoo.com.
 
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#4,638
#4,638
volfanhill said:
I run a highly exclusive boutique investment firm. My firm averages 40% returns. I only open up to new investors one or two times a decade. I've felt bad for you since your hand injury. I've decided to invite you to invest in my once in a lifetime investment fund. If you would like more details please email me at: iretirewithyourmoney@yahoo.com.
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I said COMPETENT professional management 😬

Seriously though I feel very lucky. I put down in Excel a retirement model around 30 years ago. Maxed my 401k pretax every year. Maxed catchup every year I was able to. At retirement in 2022 I’d beaten my model by a decent margin and feel very fortunate to have done so. The largest share of my money is pretax so individual stocks were somewhat limited until recent years. A few years back I cost myself a chunk of change because I delayed buying into an obvious short term dip when I had been largely in cash when the dip occurred. I decided right there to get professional management because the account value was too big for me to be completely objective anymore. Don’t mean that as any brag just trying to say I could no longer objectively manage my own money. And I was fortunate that the nest egg was big enough to have plenty of quality suitors to choose from. None of this is any brag, while I likely have a chunk larger than many here I also know there are plenty that likely have more. But gauging against national mean and median account values in my age bracket we are very fortunate.

Forgot to add I was VERY fortunate to have a pension plan with a lump sum option pegged to the ERISA PBGC rate. The year I retired that rate was 0% which translates into maximum lump sum payout. That all went pretax into my professionally managed IRA too. Again very fortunate.
 
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#4,639
#4,639
NorthDallas40 said:
I said COMPETENT professional management 😬

Seriously though I feel very lucky. I put down in Excel a retirement model around 30 years ago. Maxed my 401k pretax every year. Maxed catchup every year I was able to. At retirement in 2022 I’d beaten my model by a decent margin and feel very fortunate to have done so. The largest share of my money is pretax so individual stocks were somewhat limited until recent years. A few years back I cost myself a chunk of change because I delayed buying into an obvious short term dip when I had been largely in cash when the dip occurred. I decided right there to get professional management because the account value was too big for me to be completely objective anymore. Don’t mean that as any brag just trying to say I could no longer objectively manage my own money. And I was fortunate that the nest egg was big enough to have plenty of quality suitors to choose from. None of this is any brag, while I likely have a chunk larger than many here I also know there are plenty that likely have more. But gauging against national mean and median account values in my age bracket we are very fortunate.
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Amateur
 
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#4,641
#4,641
NorthDallas40 said:
Indeed. And I was smart enough to realize it and hire a professional 😎
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I did the same about the time I took early retirement in 2010. Had been lucky in timing the dip and recovery in 2008 after building up a modest nest egg with ETFs and my company-matching 401k. For the past 15 years as a small business owner I rarely peek at my retirement accounts as I am still working 60-70 hour weeks at age 70 and killing it every year.
 
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#4,642
#4,642
RavinDave said:
I did the same about the time I took early retirement in 2010. Had been lucky in timing the dip and recovery in 2008 after building up a modest nest egg with ETFs and my company-matching 401k. For the past 15 years as a small business owner I rarely peek at my retirement accounts as I am still working 60-70 hour weeks at age 70 and killing it every year.
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I was actually on the down side of 2008 when it was over. Not big upside down but net down a chunk. Even with that via using the model and just the usual investment guidance the exponential time value of money did its wonders for me.
 
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#4,643
#4,643
Velo Vol said:
Remember, a common MO of orange man is to break something, restore it (at best) to something not all that different than it was before the breaking, and sell it like it's the best thing ever.
Click to expand...

In most cases, that's the best we can hope for
 
#4,644
#4,644
volfanhill said:
I run a highly exclusive boutique investment firm. My firm averages 40% returns. I only open up to new investors one or two times a decade. I've felt bad for you since your hand injury. I've decided to invite you to invest in my once in a lifetime investment fund. If you would like more details please email me at: iretirewithyourmoney@yahoo.com.
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Hmmm...you stole Bernie Madoff's email address.
 
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#4,645
#4,645
volfanhill said:
I run a highly exclusive boutique investment firm. My firm averages 40% returns. I only open up to new investors one or two times a decade. I've felt bad for you since your hand injury. I've decided to invite you to invest in my once in a lifetime investment fund. If you would like more details please email me at: iretirewithyourmoney@yahoo.com.
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I might be interested in investing if at least 80% of the AUM is in cryptocurrencies.
 
#4,649
#4,649
bamawriter said:
So once again, US consumers are in a worse place than we were before "Liberation Day." Rad.
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No, we aren't. This is progress and should lead to something bigger and more comprehensive. Now whether it completely falls apart or the "deal" resembles something that already existed is anyone's guess and not necessarily unlikely based on past events.
 
#4,650
#4,650
mrorange211 said:
No, we aren't. This is progress and should lead to something bigger and more comprehensive. Now whether it completely falls apart or the "deal" resembles something that already existed is anyone's guess and not necessarily unlikely based on past events.
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there are still tariffs in place that weren't there before. that is definitely still worse than we were.

this was three steps back, and one step forward. its a net loss.
 
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