Agreed. It's very good news. I'm still down about 7.5% from Trump's fucking up the US COVID response but seeing my accounts bottom out and start back up again is really good news. I've picked up almost 3% from 7NOV to today. W00t!
Inflation down, Dow up 1000 points
- Thread starter evince
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Agreed. It's very good news. I'm still down about 7.5% from Trump's fucking up the US COVID response but seeing my accounts bottom out and start back up again is really good news. I've picked up almost 3% from 7NOV to today. W00t!
I moved from growth to income after the 2008 crash. I invested heavily in a few preferred stocks that weren't immediately paying dividends so I got them at a bargain. I did the same at the start of Covid. Preferred stocks are interesting because they pay dividends based on par value. It tends to keep the actual value of those stocks in a smaller range because low price = good retuirn and high price = not as good return. But if you can get them when they aren't paying dividends, they can give you huge gains. The downside, they get called and you have to reinvest the money and pay the capital gains when that happens. The upside.... they have to pay back dividends. I'm really not concerned with growth any longer, I'm almost completely income based.
I think keeping some cash aside is a smart strategy, I have a high yield checking account associated with my investment account and that's where I park my cash. And if you can afford to get a Roth going, do it. I don't pay a dime of tax on that income.
Joe Capitalist
Racism is a disease
Good move. Income investing is the way to go if you're nearing or in retirement. I'm mainly a Value investor but like to dally in some other sectors. I'm invested in a Robotics ETF (ROBO) which has done well. Methinks robotics is the future. I was lucky enough to invest in Chipotle at its IPO using my and my wife's Roth IRAs and the gains have been amazing. Even better with no taxes. I just wish I had invested more. Always buyer's remorse.
Port Tack
Verified User
And he was wrong. Right wing dumbfucks on here just before the election were saying the market would tank if democrats did well and it has skyrocketed.
When they first introduced the Roth, they let you move all of your 401K to a Roth, and gave you FIVE YEARS to pay the taxes. I put everything I could in that. There are a lot of good REIT preferred stocks, but the dividends are non-qualified, so I use the Roth to trade those. I got lucky twice, and that and a little patience has made for a very comfortable retirement. My big gamble in 2009 was very mundane.... Royal Bank of Scotland preferred. I just couldn't imagine they would allow the bank to go under, so I gambled on a very low priced preferred that eventually tripled in value before it got called. They went about two years without paying a dividend, but then had to pay all the back dividends. Huge score. When it finally got called I had to write a huge check for the gains.
Patience is key, you obviously share the same philosophy. I talk to these guys that day trade and I just don't have the stomach for it. I'd rather read the Daily Racing Form and bet on horses. My income now is higher than it was at any point in my career. The tough part for me was going from saving to spending. I came to find out a lot of people had that same issue. My wife made a rather convincing argument. It went something like 'start spending your goddamn money'. It worked
Port Tack
Verified User
what the fuck makes you think a republican in office would do anything to fix inflation anyway? It is the result of covid combined with the Ukraine and we would have the same fucking thing if your furher had won the election. Our worst recession in history was only 12-15 years ago under a republican, how did that happen? Not to mention many do not even consider us in a recession now. If we are in one it's damn little that's for sure.
ExpressLane
Verified User
It is because Wall Street knows the Dems can't pass any more excessive spending bills.
What is absolutely amazing to me is the lack of understanding of what that 7.7% means. It is a year over year value, so prices are going down, not rising, that is a mathematical fact, and yet the 'teacher' can't figure that out.
Of course Republicans had no plan to fix inflation. They just wanted to complain about it. They had no plan for anything. They are carnival barkers, and Republicans are the 'suckers born every minute'. Their hubris got the best of them. This election was an absolute repudiation.
Joe Capitalist
Racism is a disease
TOP doesn't care about the facts, just sucking Trump's dick. He's got the photo below hanging in all his bathrooms:
ExpressLane
Verified User
Only a moron would think 7.7% inflation was a good thing.
ExpressLane
Verified User
ExpressLane
Verified User
Joe's agressive anti fossil fuel policies have increased energy prices and fossil fuels affect everything that is grown shipped or produced in the US . Moron
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Port Tack
Verified User
Only a moron would think 7.7% inflation was a good thing.
And only a blithering idiot thinks it's as bad as 9%.
How does that "drop" to 7.7% benefit most families...right now... because you know that's what they're concerned about...their finances right now... inflation right now... food and rent and gas and utilities and medical expenses and holidays fast approaching... fill me in and I'll pass it along...
Life is Golden
The Sage
Exactly. They know the bleeding will be stopped.
Life is Golden
The Sage
Life is Golden
The Sage
Only a moron thinks things are coming up roses. You must live in an institution being served meals on a tray.
Okay, teach. Let's say that I paid ten dollars for an item in August of 2021. In August, year over year inflation was 9.1%, so now I'm paying 10.91 for that same item. It's called math. Now lets go forward to November. Now I'm paying less than 10,80 for the same item, so the price of the item DROPPED.
So, when the price drops, that's a good thing, right teach? You following, or should I draw you a picture?
When the markets saw that drop, they were encouraged that the Fed could potentially ease up on interest rate hikes, thereby easing recessionary pressure. Still following? Maybe we could draw a stick man for you. You taught kids? Jesus that's a frightening thought.