Stock Market killing me this week
- Thread starter billyfsu76
- Start date
Not killed but obviously not doing fantastic. I switched most of my money away from mutual funds with American only companies to those heavily invested in other markets as soon as you know who took over. They have started to weaken as our trade wars guts the overall world growth, but I haven’t been hammered by our stupidity as bad as others. I’d been getting 20+% growth since Trump and then post start of the US trade wars I think it’s about down to 5%. I’m also in it for long term gains not short so hopefully we’re only looking at another year or so of this nonsense and then we’ll be back to normal American growth.
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1930s and while this article does somewhat Godwin the argument, in the past nationalistic based trade wars have led directly to actual shooting wars relatively commonly.
https://www.google.com/amp/s/www.cn...-tragic-consequence--heres-what-happened.html
Really. Everyone else in the LR does it this way. Its how we all keep our trophy wives/husbands.
See this is how I know my fellow LRers aren’t really raking it in. The real phat cats with the three comma networth that I’ve met may have made some of their money playing in the stock market and real business investments, but they store most of that value in real estate, artwork and vintage expensive cars as they don’t have to pay taxes on them while they hold the value. At first I didn’t understand the fleet of old cars every billionaire has, but then one who had started in the accounting world sat me down and explained how it’s magnificent cover from the tax man to hold value even grow it over time. You set up a nonprofit “museum” on the floor of one of your giant highrises that really is just for decoration and then anytime you need a couple of mil to start a new business venture you sell off a car or two. Eezy Peezy.
So all the rehabs you built are disguised as museums?
Is that the ‘new normal’ our Treasury Secretary was touting four years ago of barely 2% GDP growth going forward, or the post-WW2 to 2007 average of 3.4% GDP growth per annum?
I haven't sold anything, so I haven't lost anything.
Oh, and you don't pay capital gains on the sale of appreciated used cars.
Oh, and you don't pay capital gains on the sale of appreciated used cars.
Not laughing this off, because I know guys who have done or are doing it.
One bought the Bond Aston Martin, held it for maybe 6 months, and sold it to a guy from the California A's.
Only thing I have is my 401k and IRA. And no I am not getting murdered. Last year was fantastic returns over 20%. This year I am about even. It changes based on the one stock I have some money in. The mutual funds are less risky and are doing decent. Still in for the long term, so unless it really tanked, I am fine with the fluctuations. I am buying in at multiple points, so as long as it is up when I move to low low risk, I will be good.
I have it all in frozen concentrated orange juice — I have a feeling the crop report is going to be sky rocket the stock.
You got your report from Winthorpe and Valentine didn't you?
Gary, I have to disagree on both your points. On the first point, fair market value is the current price you could get for whatever you own. You have lost money if that amount is less than what you could have gotten at an earlier point. Until the stock prices go back up, you have lost money.
On the second point, you are required to pay capital gains tax on the sale of appreciated cars.
Too bad you didn't see the downturn in Fixed Income, as well.
That's what I was thinking as well. Interest rates rising...great time to move to bonds!
Interest rates rising wont outdue these retarded tariffs in my estimation. Especially if it gets out of control. I figured might as lock in my gains from the past few years. But I guess we shall see.
IMO, if you want to lock in your gains, you'd be better off going to cash or short-term TIPS (maybe this is what you meant by "moving into bonds" ?)
Nah I meant munis, but tips would have been a good idea........not sure there was a TIPS option for me to pick. Figured I would roll the dice a little more and chase a little gain, which I am getting in the muni fund. Cash just seemed like a waste, roll the dice a little more. I still have plenty of years to sit in my cubicle prison cell!
Muni's are a great place to put some money for your fixed income allocation (I assume you're getting taxable muni's in your 401K), but I wouldn't park it all there. They've had a decent run (compared to some other fixed income products), but I wouldn't fall in love with them. In a serious market downturn, they'll often lag the Barclay's Ag.
Vanguard's got a short-term TIPS product. Low duration and low fees. You're definitely not going to make much with this investment, but you'll be somewhat sheltered from any interest-rate increases and be guarded against increases in inflation.
