It's when you see headlines like these that you sell. The big players are already on their way out.
An increasing number of Americans.
Yeah I should find a financial adviser to talk to. The anxiety thing isn't a factor for me, I am mostly a hands-off person when it comes to that stuff and will likely forget about it for a while. I think we have a stock/financial thread so maybe it's best to ask questions there. Thanks for the responses though!
Something like 40% of Americans don't have any retirement.Stock market permormance is directly tied to everyone's retirement plans, so it's not just « the rich », it's workers, families, retirees, etc.
An increasing number of Americans.
It's not just the ultra-wealthy who benefit from a strong economy and strong domestic and global market performance.
Definitely. That would be my biggest regret. With the stock market being so good for a decade, tying up debt in a mortgage was a mistake.
How are retirement plans fuck you got mine lol.Something like 40% of Americans don't have any retirement.
Oh dang I actually underestimated how many people don't have retirement plans.
The "Fuck you. Got mine" from financially comfortable people on this forum is noxious.
Definitely. That would be my biggest regret. With the stock market being so good for a decade, tying up debt in a mortgage was a mistake.
The early craving to own a home is a bad move. It's a huge amount of debt that should be going to investing. When you're just a couple starting out, what are you doing living in a 3 bedroom house? You lack the flexibility if you need to move. You're at the mercy of the real estate market. There all sorts of additional costs like maintenance and taxes. The early obsession with owning a home is a major mistake too early in life.
People take on way too much debt. When you want something, you save for it. And the best way to save for it is to invest. Puting the minimum downpayment on a mortgage is one of the dumbest moves you can make. Credit card debt tops the list of dumb moves. The banks sure love it. That's why they're so eager to give you a mortgage and credit cards.
Avoid debt. Live within your means. Stop giving your money to banks.
Invest early and regularly. Once you get in the routine of investing a bit each month, it has little effect on your lifestyle and makes a huge difference for your retirement.
It's not having a retirement plan. It's the complete lack of awareness for the existence people who aren't as privileged as they are and the mockery of impoverished people when they're brought up.
Care to quote some posts mocking impoverished people?It's not having a retirement plan. It's the complete lack of awareness for the existence people who aren't as privileged as they are and the mockery of impoverished people when they're brought up.
This along with lower unemployment, higher wages, record high economic metrics for POC/women, and lack of inflation will lead to a Trump re-election. It's a lock unless we experience another 2008. Mueller could find Trump guilty of high treason and it would make no difference.
I shouldn't hope for a market crash, but it makes me very depressed how happy my MAGA brother is with news like this.
It's not having a retirement plan. It's the complete lack of awareness for the existence people who aren't as privileged as they are and the mockery of impoverished people when they're brought up.
Eh doubt it. Economy was good under Clinton and Obama, but it didn't help the next Democrat. People get complacent when things are going well.
Sounds like you have 25ish years before you need to be worried about whether the market is crashing or not.
Markets go up and down, and they crash. 2007 was hardly the first time. That's to be expected. In the long run they go up. Unless you were retiring in 2007 and saw the nest egg you were planning on using for the rest of your life get ravaged, there was no need to throw a tantrum.
Sounds like you have 25ish years before you need to be worried about whether the market is crashing or not.
Markets go up and down, and they crash. 2007 was hardly the first time. That's to be expected. In the long run they go up. Unless you were retiring in 2007 and saw the nest egg you were planning on using for the rest of your life get ravaged, there was no need to throw a tantrum.
As long as you keep your job, you may wind up buying those same stocks for half the price!
I dunno, you don't need to be snarky about it. I don't think it's a healthy way to go through life being terrified of a recession that is guaranteed to come between now and 40 years from now. Financially, the economy isn't a guaranteed penduluum either. The longest running bull market does not necessitate the longest running bear market. In my own experience, working in 2008 was a lot worse than working in 2018. Bankruptcies, layoffs, foreclosures, financial collapses, insolvency. That shit sucked. It's kind of nice that the financial news cycle isn't dominated by that anymore because that was a rough time.
One day a super volcano might destroy all of North America and plunge most of the Western hemisphere into generations of darkness, at least, that's what the Discovery Channel tells me, and living in incessant terror of that eventuality is a rough way to live through each day.
I think we've got, like, an addiction with negativity and I wasn't trying to give you advice, but rather, to counter-balance that addiction with normalcy. It makes sense to be negative to negative news -- which there is plenty of today. But there should also be a healthy skepticism towards incessant negativity. It's almost like the clickbait headlines dominate our thought process too, I could almost see this thread being written as one of those crappy stories at the bottom of a news article... "The economy is experiencing 24 consecutive quarters of growth, and here is why that should terrify you..." or what have you.
From the point of view of someone investing long term , no, there wasn't a reason to throw a tantrum. I didn't say 2007 was a great time. Excellent reading comprehension and grasp of what "context" is on your part. People who's houses were foreclosed weren't in a great position to be investing in the first place. There's a reason people recommend an emergency fund before 401k and Roth IRA.There's no reason to throw a tantrum back then unless your house was foreclosed on or you were laid off. None at all. Everything's gonna be fine.
From the point of view of someone investing long term , no, there wasn't a reason to throw a tantrum. I didn't say 2007 was a great time. Excellent reading comprehension and grasp of what "context" is on your part. People who's houses were foreclosed weren't in a great position to be investing in the first place. There's a reason people recommend an emergency fund before 401k and Roth IRA.
What's about invert yield curve threory?
If it reach zero, that mean recession.
Get some glasses so you can see where the goalpost was in the first place. The thread is about investing and the stock market, not "Era how secure is my job?" or "Era, how do I make mortgage payments with no income?" but at least you enjoy arguing in bad faith so are still getting something out of the thread. Fitting user name for the content of your posts in this thread.
Get some glasses so you can see where the goalpost was in the first place. The thread is about investing and the stock market, not "Era how secure is my job?" or "Era, how do I make mortgage payments with no income?" but at least you enjoy arguing in bad faith so are still getting something out of the thread. Fitting user name for the content of your posts in this thread.
You're right, I'm sorry for being flippant and dismissive of your post, I shouldn't have been thin-skinned about it. I certainly didn't mean to say 2007 was a good time when you look at the average person, I worked in residential construction then. It wasn't fun. I solely meant from the perspective of an investor with 25+ years remaining before touching investment money. The overall effect of a market crash is a topic for another thread and certainly something the average person who has little in the bank and no investments has cause to be concerned about. Again, sorry for being snippy with you, there was no reason for me to get in a twist over your post.You're getting off-track. I addressed your last portion of a previous comment that seemed dismissive over the effects of a disastrous market collapse. I'm not debating your market investment savi-ness but thanks for at least making some snip at my username or whatever.
What's about invert yield curve threory?
If it reach zero, that mean recession.
You're right, I'm sorry for being flippant and dismissive of your post, I shouldn't have been thin-skinned about it. I certainly didn't mean to say 2007 was a good time when you look at the average person, I worked in residential construction then. It wasn't fun. I solely meant from the perspective of an investor with 25+ years remaining before touching investment money. The overall effect of a market crash is a topic for another thread and certainly something the average person who has little in the bank and no investments has cause to be concerned about. Again, sorry for being snippy with you, there was no reason for me to get in a twist over your post.
Some say the biggest jump will still come.
The average joe is still not in the market.
You don't need one, just need to take some time and do some research.It's tough to know what to invest in, and most can't afford an advisor.
I stuck with construction for a decade and it's been up and down but being more frugal than when I was younger and trying my best to stick to good habits has gone a long way to help weather storms when work has been up and down. Unfortunately for many working people being frugal isn't enough when what you make barely covers a basic quality of life.Its cool. I could have been a little more level-headed myself in my replies as well. No worries and I'm hoping you're doing better now.
Average Joe in the Internet age is well-served by index mutual funds/ETFs off of low-fee accounts. Good habits are more important than hypothetical gains you missed out on by winning the lottery of picking individual equities from specific companies and being thoroughly diversified helps weather corrections in different markets.It's tough to know what to invest in, and most can't afford an advisor.
Stock market for the most part just reflects rich getting richer. I wish it was used less in context of talking about the economy vs labor participation rate and % of families living below the poverty line.
I can't invest in stocks because I work at a bank. :(
Otherwise, I think I would look into investing in companies involved in 3D printing.
Something like 40% of Americans don't have any retirement.
Oh dang I actually underestimated how many people don't have retirement plans.
The "Fuck you. Got mine" from financially comfortable people on this forum is noxious.
Not sure how this would be the case. That would be like stock brokers not being able to buy stocks for themselves; they just have a fiduciary responsibility to make trades for their clients before themselves if there's a conflict.
It's tough to know what to invest in, and most can't afford an advisor.
THat's an interesting way to look at the 20th century. The generation that primarily fought Nazism and Fascism was also (generally) the generation that was the victim and "perpetrator" of the Great Depression and the ensuing Dust Bowl.
What's about invert yield curve threory?
If it reach zero, that mean recession.