Doc Posted March 13 Posted March 13 On 3/13/2025 at 8:59 PM, The Frankish Reich said: You need to study this a little more. My example was a 45 year old planning to work 15 more years ... Expand Yes, a 45 year old right now. You (think you) know what that person's 401k is going to be in 15 years?
rusty shackleford Posted March 13 Posted March 13 (edited) On 3/13/2025 at 8:59 PM, The Frankish Reich said: You need to study this a little more. My example was a 45 year old planning to work 15 more years ... Expand If you are only 45, have 15 more years of work, and actively contributing to your 401K, you shouldn't be focused on how short term spikes or dips impact your retirement account. It will only lead to more anxiety in either direction. Best to just keep contributing your normal amount and lower you average cost basis when things are down. In 15 years, the big picture will be a lot different... can't draw on it until at least 59 1/2 without major penalties anyways. Edited March 13 by rusty shackleford 2
The Frankish Reich Posted March 13 Posted March 13 On 3/13/2025 at 9:09 PM, Doc said: Yes, a 45 year old right now. You (think you) know what that person's 401k is going to be in 15 years? Expand Well, with absolutely zero new contributions (and of course there would be new contributions) and average annual returns of 6 percent, it would double in 12 years ... but of course you knew that. I mean you know it now. 1
4th&long Posted March 13 Posted March 13 On 3/13/2025 at 8:25 PM, Doc said: Biden said he was going to shut down the bird flu as well... Expand Biden lives rent free in your head rotflmao! That's all you have. Weak minded person. On 3/13/2025 at 3:15 PM, Big Blitz said: You're a walking community note Expand Lol. Fake news. Same price they were last week.
Doc Posted March 13 Posted March 13 On 3/13/2025 at 9:34 PM, 4th&long said: Biden lives rent free in your head rotflmao! That's all you have. Weak minded person. Expand Bird flu happened under his watch. And isn't it bed time, Boomer?
4th&long Posted March 13 Posted March 13 On 3/13/2025 at 9:37 PM, Doc said: Bird flu happened under his watch. And isn't it bed time, Boomer? Expand You're still a weak minded trump supporter. Embarrassing!
Doc Posted March 13 Posted March 13 On 3/13/2025 at 9:38 PM, 4th&long said: You're still a weak minded trump supporter. Embarrassing! Expand Opinions...
Big Blitz Posted March 13 Posted March 13 Yep. If you won’t cut entitlements, this is the only way. Unless you want to continue to prop up a fake economy with more government spending and more inflation - all unsustainable. Soft landing was a myth - as evidenced by inflation rising again in January
Albwan Posted March 13 Posted March 13 On 2/14/2025 at 2:55 PM, K D said: I'm currently paying more in taxes than many people in my area's yearly income and then I find out that it's going towards Trans parades in Nicaragua so I would be perfectly happy giving my money to private businesses rather than the government. They have already found hundreds of billions of fraudulent payments and woke judges are saying no you have to keep paying them. It's pure insanity that I want no part of. I'd gladly pay more for goods and services if it goes towards American jobs. Tariff the crap out of all imports and make things here. Expand Exactly. These #######s don't see the long game. A country that's dependent on other countries is weak. We have too many people in America with their noses in their phones, or driving around aimlessly all day long smoking pot on welfare of some sort. Make things here, go to work. 1
B-Man Posted March 14 Posted March 14 GE Aerospace to invest about $1 billion in US manufacturing this year By Reuters March 12 (Reuters) - GE Aerospace (GE.N), opens new tab said on Wednesday it would invest nearly $1 billion in its U.S. factories and supply chain in 2025, as it works to strengthen its manufacturing and increase the adoption of new technology and parts. The aerospace giant's latest investment, which is almost double from last year, comes amid a strong travel environment that has led to robust demand for its engines and spare parts. "Investing in manufacturing and innovation is more critical than ever for the future of our industry and the communities where we operate," CEO Larry Culp said. https://www.reuters.com/business/aerospace-defense/ge-aerospace-invest-about-1-billion-us-manufacturing-this-year-2025-03-12/
SectionC3 Posted March 14 Posted March 14 On 3/13/2025 at 9:37 PM, Doc said: Bird flu happened under his watch. And isn't it bed time, Boomer? Expand Should have given the birds HCQ. On 3/14/2025 at 2:34 PM, B-Man said: GE Aerospace to invest about $1 billion in US manufacturing this year By Reuters March 12 (Reuters) - GE Aerospace (GE.N), opens new tab said on Wednesday it would invest nearly $1 billion in its U.S. factories and supply chain in 2025, as it works to strengthen its manufacturing and increase the adoption of new technology and parts. The aerospace giant's latest investment, which is almost double from last year, comes amid a strong travel environment that has led to robust demand for its engines and spare parts. "Investing in manufacturing and innovation is more critical than ever for the future of our industry and the communities where we operate," CEO Larry Culp said. https://www.reuters.com/business/aerospace-defense/ge-aerospace-invest-about-1-billion-us-manufacturing-this-year-2025-03-12/ Expand Sweet. It’s like double what GM invested in powertrain recently. Probably supports several hundred jobs. Now do inflation and consumer confidence.
The Frankish Reich Posted March 14 Posted March 14 On 3/14/2025 at 2:32 PM, Trump_is_Mentally_fit said: Expand Remember the Biden "vibecession" anyone?
Trump_is_Mentally_fit Posted March 14 Author Posted March 14 On 3/14/2025 at 5:22 PM, The Frankish Reich said: Remember the Biden "vibecession" anyone? Expand Boy, CNBC every five minutes was predicting a Biden recession. Now they just ignore Trump's economic illiteracy
JDHillFan Posted March 14 Posted March 14 On 3/13/2025 at 8:35 PM, The Frankish Reich said: https://www.usbank.com/investing/financial-perspectives/market-news/stock-market-under-trump.html As of yesterday's close (before today's bad day): - S&P 500 down 3.64% since election day - down 7.1% since inauguration day Let's say your a 45 year old with a million bucks in a 401k on inauguration day, all in U.S. equities. (This is not unusual these days.) You hope to retire at 60. Congrats, you've lost $71,000. You can work an extra two years. But hey, maybe we'll have Greenland! Winning! Expand Let’s keep in mind, perhaps in the farthest reaches of said mind, that Trump 1.0 markets outperformed Brandon markets. Not. Bad. At. All. Let’s see how things play out between now and next year’s midterms. Maybe everything will be rotten and we can get ourselves more Schumer, Jeffries, et al.
The Frankish Reich Posted March 14 Posted March 14 On 3/14/2025 at 5:29 PM, JDHillFan said: Let’s keep in mind, perhaps in the farthest reaches of said mind, that Trump 1.0 markets outperformed Brandon markets. Not. Bad. At. All. Let’s see how things play out between now and next year’s midterms. Maybe everything will be rotten and we can get ourselves more Schumer, Jeffries, et al. Expand The usual bs. Trump 1.0 not counting the first 9 months of COVID, because of course Trump's inept management (or lack thereof) of that doesn't count. So you tell me: why is consumer confidence lower today than it was when Biden left office?
ScotSHO Posted March 14 Posted March 14 On 3/14/2025 at 5:33 PM, The Frankish Reich said: The usual bs. Trump 1.0 not counting the first 9 months of COVID, because of course Trump's inept management (or lack thereof) of that doesn't count. So you tell me: why is consumer confidence lower today than it was when Biden left office? Expand The truth hurts? (our economy was built on fiat money and permanent, exponential, unsustainable debt growth) Time for a reset.
JDHillFan Posted March 14 Posted March 14 On 3/14/2025 at 5:33 PM, The Frankish Reich said: The usual bs. Trump 1.0 not counting the first 9 months of COVID, because of course Trump's inept management (or lack thereof) of that doesn't count. So you tell me: why is consumer confidence lower today than it was when Biden left office? Expand The market performance under Trump 1.0 accounts for the full four years. Need data? https://www.axios.com/2025/01/19/biden-trump-stock-market-gains President Biden will leave office having presided over a very strong stock market, but not quite as strong as either of his two predecessors. The big picture: The S&P 500, Dow Jones Industrial Average, and Nasdaq Composite all gained more during Trump's first term than during Biden's. By the numbers: The S&P 500 gained 66.5% under Trump and 57.9% under Biden. The Dow Jones Industrial Average gained 56.8% under Trump and 40.2% under Biden. The Nasdaq composite gained a whopping 137.5% under Trump, and 47.1% under Biden. I guess data, for some, is the usual BS. Confidence is down because it’s a sh*tshow right now. Obviously. Let’s see how it plays out. My suspicion is that the 45yo’s out of 71k will make it back.
The Frankish Reich Posted March 14 Posted March 14 On 3/14/2025 at 5:40 PM, JDHillFan said: The market performance under Trump 1.0 accounts for the full four years. Need data? https://www.axios.com/2025/01/19/biden-trump-stock-market-gains President Biden will leave office having presided over a very strong stock market, but not quite as strong as either of his two predecessors. The big picture: The S&P 500, Dow Jones Industrial Average, and Nasdaq Composite all gained more during Trump's first term than during Biden's. By the numbers: The S&P 500 gained 66.5% under Trump and 57.9% under Biden. The Dow Jones Industrial Average gained 56.8% under Trump and 40.2% under Biden. The Nasdaq composite gained a whopping 137.5% under Trump, and 47.1% under Biden. I guess data, for some, is the usual BS. Confidence is down because it’s a sh*tshow right now. Obviously. Let’s see how it plays out. My suspicion is that the 45yo’s out of 71k will make it back. Expand Oh, I stand corrected. About the same in the broad market (SPY). Ooh. Maybe we should add in Trump 2.0's first 50 days to correct that.
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