Dow hits 20,000 for the first time ever, stocks surging since Trump victory
- Thread starter Guevara
- Start date
- Status
Depends on how you're invested. Mine has made some nice leaps. Just keep in mind, the bottom will eventually drop out, so make sure your shit is diversified. Also, pick a "ceiling", and when it hits that amount, move a large percentage to a stable value fund. That way when things tank...and they will....you won't lose your shirt.
dr3upmushroom
Banned
Is it time to buy bitcoins?
You should be able to contact a planner for free that will give you some help making decisions that are right for you
MidgarBlowedUp
Member
I've seen a good upturn in my 401k the past few months. I'll be putting it all into more stable funds before the market goes south. It will eventually go south, I guarantee it. Republicans always cause recessions.
I've made over 100% profits from penny stock investing last year but that's still not much money as I'm broke. It is far more than my 401k, but I get a company match up to 6% so I keep putting money it pre tax. Free money is free money.
This seems pertinent to people using it as an indicator of Trump having an effect on the market value as a whole, no?
Jason's Ultimatum
Member
Poor/middle class people can benefit, too. You just have to be smart in how you invest and manage your funds, like choosing high yield mutual funds that pays out decent dividends a and capital gains, and reinvesting them to make your portfolio grow even more.
Mighty Chin
Banned
Just means it will fall from a higher number.
Lucky Forward
Member
The PBS Frontline show, "The Retirement Gamble" pointed out depending on your plan a lot of people's 401k gains were getting eaten up by fees:
https://www.youtube.com/watch?v=w0ZAy03ubSw#t=23m40s
elrechazado
Banned
Timing the market never works and this is horrible advice for long term investments like a 401k.
One Eyed Willy
Member
My portfolio, my 401K and my kids 529s are all doing great. But mostly the portfolio.. keep it rollin'
Bingo.
This. My stocks are doing not miserable for once, but this is hardly a golden age of prosperity.
No reason you can't put a small amount in an IRA.
It's amazing how dumb so many rich people can be.
SlickWilly223
Time ta STEP IT UP
Well you can't win with GAF huh
SolarMystic
Member
It all comes crashing down.
Unknown Soldier
Member
Only good for the rich people, according to GAF.
Of course we know now from the bailouts and the TPP that Obama was actually a corporatist.
Honestly speaking, some people are living in an alternate version of reality, expecting to learn anything constructive is too much to hope for.
not sure why anyone would deny stocks rising because of Trump, i think it's pretty obvious his policies have direct impact on the markets. He promised deregulation and delivering on that makes markets react positively.
This will works short term, maybe even a few years. There will be more jobs in the mean time and Trump will look like a genius and savior by the people. The problems massive deregulation brings will be felt later, we have seen it a number of times already.
Economic sugar rush will end eventually. When all the new bubbles explode and markets sober up, there will be another crisis. But it will most likely not be Trump's problem anymore.
This will works short term, maybe even a few years. There will be more jobs in the mean time and Trump will look like a genius and savior by the people. The problems massive deregulation brings will be felt later, we have seen it a number of times already.
Economic sugar rush will end eventually. When all the new bubbles explode and markets sober up, there will be another crisis. But it will most likely not be Trump's problem anymore.
Ron Mexico
Member
It's really comical on here. Janet Yellen has more direct control over what you're seeing here than Trump and Obama combined. It's ok though guys, keep wearing those (D) and (R) hats with pride.
In the interim, ask yourselves if the results had gone the other way in November, where would the market be today? Would the Feds have magically raised rates more than they did in December? Hell, did you even pay attention when they raised rates in December? Can you pick Janet Yellen out of a lineup without the help of Wikipedia? For bonus points, can you name any of the other Fed chairs?
And even that is an oversimplification.
In the interim, ask yourselves if the results had gone the other way in November, where would the market be today? Would the Feds have magically raised rates more than they did in December? Hell, did you even pay attention when they raised rates in December? Can you pick Janet Yellen out of a lineup without the help of Wikipedia? For bonus points, can you name any of the other Fed chairs?
And even that is an oversimplification.
ManDudeChild
Member
WEll lead poisoning will do that too you
. And soon they'll get a whoooole lot more of that "sweet sweet water" . Yes, schadenfreude from my side, they have to suffer before they realise what they did.
FUnny thing is, it pretty much is the last chance they had. After this one Mother Earth will decide "Screw this, I'm getting some medicine for my Human infection!".
That and I do not understand why the US citizens, that live in a beautifull area od the world (and it is.. damnit the Rockies and Appalachian mountains are just stunning!).. vote for mountain top removal and wasting the environment. I get it they feel it is god's right given to them, and when they do Jesus will come back and reward them....
But really not all of them can believe that right? I mean.... There has to be some that do realise what they're doing?
Isn't the surge basically just for the election being over regardless of results? The uncertainty of the last few months kept the markets down; though it reacted vastly more positive to when Clinton was polling ahead. Now that it's over, we know what's ahead; it's not what anyone wanted and we're all fucked, but some companies are going to be able to make lots of money in the meantime.
Shake Appeal
Member
The fact that ordinary Americans think a rising stock market is somehow indicative of broad-based economic prosperity is testament to the persuasive powers of Wall Street and its friends.
Rentahamster
Rodent Whores
If the stock market is not important, of it it is not a good barometer for the economy at large, what does one make of all the pre-election comments that electing Trump would tank the stock market and that it would be a disaster for the economy?
For example
1. This thread: http://www.neogaf.com/forum/search.php?searchthreadid=1308247
2. keyword search: stock market
For example
1. This thread: http://www.neogaf.com/forum/search.php?searchthreadid=1308247
2. keyword search: stock market
I mean, it did immediately tank in overnight action but then..
The rich got richer buying it up cheap. The big concern with Trump is the tariff and trade war talks. If you're a skeptic, you'd assume these people were given a wink and nod that all of that is going to be mostly bluster to position for better deals. If that's true, then lower taxes and less regulations should be great for corporate profits.
It's always time to buy bitcoins.
GAF is a gathering of the most intelligent people in the world, never question GAF - we can predict the future!!!
In the short term maybe, but instability harms the bottom line more than anything else. And there is plenty of that coming.
Bruce Springsteen
Member
Rich get richer, what happened Wall street fearing Trump?
Yeah, the indicators are certainly there for a sizable pullback if not an outright crash. Historically the US sees a recession every 6 - 10 years and we are in year 8 since the last one. Also, corporate earnings haven't really kept pace with the rising stock market and P/E ratios are on the high end from a historical standpoint. We're certainly due for a market correction.
This. I rolled over a couple thousand dollars from a Barnes and Noble retirement account from my three years as an employee there into an IRA (individual retirement account) and have continued to put the maximum yearly amount ($5500) since I started my new job. I make it a priority to do so and its worth making sacrifices in other areas to save for my eventual retirement.
Incidentally, that IRA has more than doubled since January of 2016 due to rising stock prices and I've seen great gains in the last year. I'm just a lay person in terms of knowledge but I use Sean Hyman and the Ultimate Wealth Report for information on stocks and market mechanics.
http://www.npr.org/sections/money/2013/03/12/174139347/episode-443-dont-believe-the-hype
The Dow is a legacy indicator that has little relevance today other than in its ability to attract headlines.
The Dow is a legacy indicator that has little relevance today other than in its ability to attract headlines.
ZackieChan
Member
You mean the history of the Dow's relatively steady growth over time? What exactly the fuck are you talking about with this comment?
http://www.macrotrends.net/1358/dow-jones-industrial-average-last-10-years
God, these threads are maddening. Are you all really this desperate to put your ignorance on display?
Poor can't buy stocks unless they actually borrow hefty amount of money, which puts them at even bigger risk
ZackieChan
Member
What the hell are you talking about? Why would someone have to borrow a hefty amount of money just to put small deposits into an ETF fund or something? More GAF nonsense in this thread.
Manmademan
Member
Investing in financial markets generally takes two things.
1.) disposable income- which the poor by definition do not have very much of
and
2.) financial literacy- which even the middle class is desperately short on. When talking about the poor, you're generally speaking of the products of bad schools with very low reading comprehension, math, or critical thinking skills.
Or to put it another way, even if the guy bagging your groceries had an extra $10 a week to spare, it's not enough to actually make any meaningful investments with, and he wouldn't have the knowledge necessary to put it to any good use even if it was. Your average joe sixpack would just buy a single stock and hope it skyrockets because that's what they saw on TV once.
- Status
Similar threads
- Locked