That Trump Economy!

4 MORE YEARS OF PHAT 401K! Originally Posted by ben8888

On Jan 26, 2018 the DOW closed at 26,616.
On Oct 30, 2020 the DOW closed at 26,501.

Do the math.


#PHATnotphat

4 MORE YEARS OF PHAT 401K! Originally Posted by ben8888

Whoops! ben wuz drunck postin in more threAds than one before the real numbers started comin in...

Don't count that 401K bonus before that Nevada final vote comes in, ben....let alone Georgia.

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Mean while , over 240,000 Americans have lost their lives to COVID . Fathers , Mothers , Grand parents , and Children have died NEEDLESSLY !.The real problem here is that Trump has totally IGNORED the Pandemic in favor of MICRO focusing on the economy in order get re-elected . As of Today , that hasnt worked out very well for him . Yes , the economy has rebounded nicely , But at what COST ???.

taint over yet ????

You do realize 401ks are invested in companies which then invest in the economy...... Please tell me you did not vote and have not procreated with how dumb you are.... Originally Posted by ben8888

401k is invested in company stock, the share of profits from said stock are typically 2%

you aren't making money by the companies profits, you are seeing gains from speculation and manipulation... seriously ?

What investments have any top company made in the economy, you do realize a company sends all its money to the headquarters and is a direct opposite of what you just wrote. A corporation sucks money out of local economies and ships hoards of cash back to their headquarters.

If manipulation and speculation weren't the gains on your 401k, you would have nothing to worry about which president is in office.... since they invest and you apparently think your money is working for you....

the sell off, the manipulation of the stock value, which will fall when sold off by the billions, leaves you, the 401k investor holding the bag while the wealthy made all the gains short term, while you are invested long term, for a retirement....

which one of us is dumb ?

Don't let the facts get in the way of a good Trump rant...Trump's market at his peak was around 50% The previous administration had a gain of 62% in the first 4 years. For the full 8 150% To say Trump was a revelation for your 401k is just wrong.(Forbes:Four Charts Comparing Trump’s Vs. Obama’s Stock Market Returns)

trump confused all the uneducated that the stock market is how you judge the economy... these people are brainwashed to believe corporations are here to give us jobs and treat us right,... but they think the democrats are pushing communism and everyone will be in bread lines... soon the corporations will have us in bread lines, but thats ok, cause at least we are working and the shareholders are collecting the rewards.

I'll have penalty free access to my 401K within a year. I just moved 75-percent of my account into a Money Market Fund until the election is over. I realize that I may miss an opportunity.... Originally Posted by Willie Wanker

All I can say is OUCH.....if you still kept 75% in MMFs missing that opportunity.....

Back then was thinking the same as you but resisted, an stayed in equities.
Did very very very well, due to election results and Biden victory!

Plus 18

and

The Chosen One

I'll have penalty free access to my 401K within a year. I just moved 75-percent of my account into a Money Market Fund until the election is over. I realize that I may miss an opportunity, but in my case protecting what I already have is a higher priority. Originally Posted by Willie Wanker

Worried about that also back then.

BUT decided to go with what >100 CEOs and Corporations prognosticated saying things will DEFINITELY do better when dumb don gets kicked out of the White House.

So I didn't bail out like you but stayed in equities.

Net results, from taking the advice of >100 CEOs and Corporations who knew about the US economy and NOT going by what delusional donnie blabbed about how the US economy will collapse if he LOSES the 2020 election, Wall St is setting records and those equities are doing quite well.

Worried about that also back then.

BUT decided to go with what >100 CEOs and Corporations prognosticated saying things will DEFINITELY do better when dumb don gets kicked out of the White House.

So I didn't bail out like you but stayed in equities.

Net results, from taking the advice of >100 CEOs and Corporations who knew about the US economy and NOT going by what delusional donnie blabbed about how the US economy will collapse if he LOSES the 2020 election, Wall St is setting records and those equities are doing quite well. Originally Posted by Zollner

I'm happy for you Zollner. Glad. the hear you're.doing well.
A few things to consider before you get too deep into criticizing my decision. I'm already retired and no longer contibure to the 403b. I had ready planned on moving most of it into moneymarket and bond funds anyway. It's generally a good idea to avoid the highs and lows when you're close to drawing on the investment. My choice had very little impact as it's always been part of the plan anyway. Any experienced advisor would. agree that your investment should be in a.state.of stability at retirememt time,

I'm happy for you Zollner. Glad. the hear you're.doing well.
A few things to consider before you get too deep into criticizing my decision. I'm already retired and no longer contibure to the 403b. I had ready planned on moving most of it into moneymarket and bond funds anyway. It's generally a good idea to avoid the highs and lows when you're close to drawing on the investment. My choice had very little impact as it's always been part of the plan anyway. Any experienced advisor would. agree that your investment should be in a.state.of stability at retirememt time, Originally Posted by Willie Wanker

Yes agrees why risk if you’re retired
The market is good I’m invested hard I never pull out LOL no pun intended
I d c who in charge market is good
My taxes will increase under Biden Thsts fine
I d c I’m doing well
I think millionaires should pay more but ok I’ll pay a little more

Let me buy a vacation home

Yes agrees why risk if you’re retired
The market is good I’m invested hard I never pull out LOL no pun intended
I d c who in charge market is good
My taxes will increase under Biden Thsts fine
I d c I’m doing well
I think millionaires should pay more but ok I’ll pay a little more

Let me buy a vacation home Originally Posted by Missburger

Trump Deplorable Economy:

I want to see this republican utopia, where your taxes are so low, you have no social services for the poor, no police to police the poor and no jails to house the poor.

This outcome would be exactly what most R's deserve, too bad ill never live long enough to see it.

paying less tax just means more money in your pocket for the poor to steal.

Were I to channel my inner ocd.....

I'd probably point out that:

But DEM wants the all that AND high TAX Sir