Thunder Good-Oil
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True..... but in order to know ..... you have to read and follow and stay up to date on itThat’s silly man. An exit strategy is always a good thing especially in a tax advantaged account. No basis to track and no gains to tax. Not saying to time the market, don’t try. But knowing when to get into cash for a while isn’t a bad idea.
That’s silly man. An exit strategy is always a good thing especially in a tax advantaged account. No basis to track and no gains to tax. Not saying to time the market, don’t try. But knowing when to get into cash for a while isn’t a bad idea.
I don’t personally see anything no, again I’m no savant. I just found it curious over the Thanksgiving Break the nephew brought up housing and a bubble. He’s in foreclosure mortgage biz side so he can see that market data. And he just passed on the info he had heard from his professional contacts. I did see recently that new housing starts are down year over year, I think I saw that last week. But no I have no clear info I’m sharing let me be clear on that.You see another structural problem for a large draw down (bubble somewhere) ? We had 50% from Mar 2000 to Oct 2002 (dotcom bust) bottom and 58% form Oct 2007 to Mar 2009 (housing bust) bottom. Several 12%+ pullbacks since that big 2009 bottom.
My wife is a realtor, 95% of what she sells are brand new houses from 1 good builder. I am a superintendent for a commercial contractor and we only build apartments. I have been super busy since 2010, everybody is building apartments in charlotte, foreclosures helped demand, and charlotte is super fast growing anyway. I read where these same stupid bastards that didnt get locked up last time like they should have are still pushing massive amounts of subprime loans...caused last recession bubble...just under a different name this time. Offprime or something....still lending money to people who have bad credit and are over extending themselves. Then banks bundle all those mortgages together and sell the giant turd sandwich to investors...who lose their butts. Houses are way overvalued right now, due mostly to that, and if the bubble bursts agaim and the bankers responsible for wrecking the economy TWICE dont go to prison, somebody needs to be publicly hanged. I mean that.
Because of what my wife and I do, we are very vulnerable to a housing bubble pop...it will wreck us. She wasnt a realtor in 2008, but reading blueprints and running big jobs is all that i am good at. I dont have another marketable skill...
Inversion doesn't necessarily mean the market will tank. Like Thunder and CP and somebody said, just keep adding to your account over the years. You have 22 more years, and the market is guaranteed to take some hard hits between now and then. It has always come back, and it usually doesn't take a long time to bounce back.Guys...this is important...so please look out for a blue collar fellow Vol. I only have about 30 or 35k in my 401k, its Principal target date fund for 2040 retirement. My boss will hopefully add a out 10k to it in january...but its all i have...
Please guys, if that Inversion thing happens, please post it here in big bold all caps print...double post it...i always read this thread trying to learn from you guys.
I will call principal the next day and tell them to do whatever they have to do to take everything i have and put it in bonds, money market, whatever...not stocks. I cant take a big hit...i know that i will die working, but my beautiful wife is 5 years younger than me, and i want to give her all i can before and after i am gone. Please help guys.
Then banks bundle all those mortgages together and sell the giant turd sandwich to investors...who lose their butts. Houses are way overvalued right now, due mostly to that, and if the bubble bursts agaim and the bankers responsible for wrecking the economy TWICE dont go to prison, somebody needs to be publicly hanged. I mean that.
My wife is a realtor, 95% of what she sells are brand new houses from 1 good builder. I am a superintendent for a commercial contractor and we only build apartments. I have been super busy since 2010, everybody is building apartments in charlotte, foreclosures helped demand, and charlotte is super fast growing anyway. I read where these same stupid bastards that didnt get locked up last time like they should have are still pushing massive amounts of subprime loans...caused last recession bubble...just under a different name this time. Offprime or something....still lending money to people who have bad credit and are over extending themselves. Then banks bundle all those mortgages together and sell the giant turd sandwich to investors...who lose their butts. Houses are way overvalued right now, due mostly to that, and if the bubble bursts agaim and the bankers responsible for wrecking the economy TWICE dont go to prison, somebody needs to be publicly hanged. I mean that.
Because of what my wife and I do, we are very vulnerable to a housing bubble pop...it will wreck us. She wasnt a realtor in 2008, but reading blueprints and running big jobs is all that i am good at. I dont have another marketable skill...
My wife is a realtor, 95% of what she sells are brand new houses from 1 good builder. I am a superintendent for a commercial contractor and we only build apartments. I have been super busy since 2010, everybody is building apartments in charlotte, foreclosures helped demand, and charlotte is super fast growing anyway. I read where these same stupid bastards that didnt get locked up last time like they should have are still pushing massive amounts of subprime loans...caused last recession bubble...just under a different name this time. Offprime or something....still lending money to people who have bad credit and are over extending themselves. Then banks bundle all those mortgages together and sell the giant turd sandwich to investors...who lose their butts. Houses are way overvalued right now, due mostly to that, and if the bubble bursts agaim and the bankers responsible for wrecking the economy TWICE dont go to prison, somebody needs to be publicly hanged. I mean that.
Because of what my wife and I do, we are very vulnerable to a housing bubble pop...it will wreck us. She wasnt a realtor in 2008, but reading blueprints and running big jobs is all that i am good at. I dont have another marketable skill...
I may have somewhat misspoke, during the last recession i went back to what i started ..doing kitchen and bath remodels, building room additions, decks etc...i can build a house to code from the ground up with my hands, from sweating copper pipe to laying the brick, tile, shingles, everything..but most people cant afford home improvements in a recession, so work was super hard to get. I ended up networking with everyone i knew and helping others most of the time between my own jobs for hourly pay. Was making half what i do now...i know that my wife will have zero income if we have another 2008...but she can wait tables i guess. I think our income together will be more than cut in half though, and while we dont blow money on new cars or toys, life is just very expensive.
To be honest, it scares me to death. I was put here to give my kids the best, and so far have been able to keep them in a great Christian school and pay the bills though my wife and i have made plenty of sacrifices to make that happen. I am sure most here have done the same. There were days in 08 when i had no work, was making 75k when i got laid off...i would drive to Lowes at 6am and park at the contractors entrance...when guys came out with carts of lumber etc. I would offer to help them cheap...not too proud for that, this is my family we are talking about, they depend on me to take care of them. Its so crazy that because of bankers and wall street, the entire country can fall apart financially...and the skills that i have spent 25 years building are suddenly worth a fraction of what they were before.
Thanks for your advice guys. I read extensively last night about the bond inversions. I will keep an eye on the 10 to 1 bonds...God bless .