Trade in stock market daily and their is all kinds of fuckery going on right now. Yesterday Level 2 prices were all messed up so you couldn't see bid/ask and today at least 5 different tickers that are being heavily shorted all massively dropped at the exact same time after running up huge all day. IMO market crash is coming soon. The corruption in EVERYTHIING is starting to be exposed to the people not yet awake. They will see it in gas prices, retirement account, stock market, groceries, etc.
keep your head about you. if it comes crashing we will need you. the left is pure evil. they will be the ones pointing blaming and stirring up the mob looking for scape goats.
i felt weird typing this out like it is larping but after what we have seen happen over the last few years it is hard to rule anything out.
been asking god a lot if he is seeing how crazy these people are...
I am always happy to help any other patriot out there. I will give periodic updates on crazy shit I am seeing in the market. Right now any oil stock is gold. Also I have been cashing out my account periodically to load up on gold and silver. Not paper gold or silver, but white you can actually hole in your hands.
So pede, if you don't mind. Let me ask you a question. I have a retirement account from my 5 years working for a state gov. It's valued at 33k right now before tax / penalty. If I leave it in until 62, which is 24 years from now, I'd get $380 a month until I die. After taxes and penalty, it is roughly 25k assuming a 22% tax rate. Furthermore, I did a calculation on the value of my potential 25k today and it's value in 24 years assuming a 3% inflation rate per year. That makes it like 91k. To make that much at at $380/mo.it would take 20 years. Do I pull it, use some on my house and some on silver or do I leave it. Just looking for another person who is financially savvy (sounds like you are) like I am. Thanks in advance.
Do you have other investment options? Interested in real estate like rentals?
In my area your $33k would buy a duplex rental valued at $160k. If you pick right it should afford you $750 a month in income after expenses and debt service or about $9k per year. So that is $180k over the same 20 years (plus an additional $160k minimum from debt pay down). My calculations do not include rent increases or inflation, both of which will be in your favor.
To answer your question; yes, get rid of the retirement plan immediately. They are a function of wall street for the sheep.
If you cash out of your 401K before retirement you'll get hit with a penalized withdrawal fee of 10%. That goes on top of the marginal tax rate you pay now. So if 22%, 24%, 32%, etc., add another 10% gaffing from the IRS. What fuckers.
What has your yearly % increase/decrease been on funds in your 401K so far? A 3% rate going forward would mean your funds are barely working. At your age you should be seeing 9-15% or more. If 9% average over 24 years is $230K+ with no additional deposits -
In your position I would find a fee based financial advisor. You pay them for their advice, it's the only money they collect from you. You absolutely do not want an advisor that collects from investments they guide you to buy into. A fee-based one will review the funds your current 401K offers and help you decide how to reallocate what's in your 401K now. You could also throw darts at the funds available in your current 401K and do better.
If you have a mortage, is your current interest rate lower than 3.3%? That's the highest re-fi rate on a 30 year fixed mortgage, there are many tiers lower especially if you chop off years. We started out with a 30 year ARM, re-fi to 20 year fixed, re-fi again for 10 year fixed, house paid off 14 years from purchase. Each time we got a lower finance rate, paid extra on principal only, and got out from under the "pay for your house 3X with your after tax money" scam as quickly as we could. If you get rid of your monthly nut you'll have plenty to sink into other assets. So if you have not done a re-fi, consider it asap.
If you leave it in retirement, check for a precious metal mutual fund or option. If that is not available (like mine, T.Rowe Price) put in a “stable value” fund.
You can pull it, but will pay heavily in taxes in 2022. If you go this route you would want to invest in precious metals (physical gold or silver), but I would not advise to do it based off taxes alone.
Some retirements let you take loans out on your own money and you pay yourself interest and principal via monthly payment out of paycheck. Typically you can take half (tax free) and do what you want with it, but you do have to pay the amount back. If you took out the money, you could invest if you know what you’re doing in the stock market. If not, you could buy physical gold or silver online or at a pawn shop. You can always sell back as well. You could also buy crypto if you know that market, but something like Bitcoin or Ethereum would be safest.
Similar situation. If you can put it into PM mining and commidities. Thats what I did, and expect to profit as $$$ moves from shit paper to real assets. No penalty. Not a fin advisor.
They're probably bundled together in swaps. Media is like "meme stocks"... oh do you mean "illegally shorted into oblivion stocks". Look at the tickers for "bankrupted" companies too (sears, blockbuster etc )...zombie stocks arise!
I hope lol. Check CEI tomorrow. 100% not financial advice but a huge risk/reward if you get in early tomorrow and watch over next few days. Lots of shorts trapped. 5 halts today during trading hours 😉
I swear regular investors own 150% of AMC & GME shares. Market makers are so screwed on both of those. IMO they can’t cover the short and will go bankrupt when economy goes tits up.
Obama's "awesome" market performance was due to the real estate crash. He was inaugurated near the bottom. Stocks had nowhere to go but up.
The only reason stocks "grew" was due to QE and Porkulus devaluing the dollar. It's basically the same reason why stocks didn't crash thru the floor when Trump was POTUS during COVID... All of that deficit spending, sorry, 'stimulus', cheapens the dollar ... Stocks rise as a result due to inflation, not growth.
Clinton's market was flat until the Rs won the House in 1994. People we're spooked by possible liberal spending. Growth didn't continue until Gingrich's Contract with America. Moreover, the .com bubble distorted the market badly heading into the 'W-tard' Bush years. The media went from declaring the end of the business cycle in late 1999-2000 to "Bush's fault" in January 2001.
Moreover, both Bush and Clinton benefited from the end of the cold war engineered by Reagan (who was loathed as badly as Trump by the scumbag liberals all over the fucking planet as well as the war obsessed Neocons here at home (Neocons aren't conservatives ... They're liberals that like war wayyyyy too much). That peace dividend probably did more for the economy over the past 30 years than anything else.
So, yeah, just looking at raw numbers, you are right ... But the gains are all an illusion.
Fair retort but Quantitative easing ended in October 2014 and stock market still ripped from 14-16 under Obama.
Furthermore if you were to chalk up Obama gains to deficit spending, Trump's 4 years saw the deficit massively exceed any Obama years. Partially due to Covid but also due to Trump's tax cuts for the wealthy:
So under Trump GDP and stock gains underperformed the Obama years, despite the fact that Trump presided over larger deficits and lower taxes on the top 1%.
Only thing I will discount in your post is the market "ripping" from 14-16 ... it was mostly flat. Frankly, that's probably the most "real" growth the market had seen since the early/mid 1990s ... there wasn't any currency manipulation going on or media hyped bubbles to make their political icons look better.
Other than that, I am not arguing your overall point. The numbers are what they are. There's a lot more to it than who is POTUS at the time though ... and I think you know that :-) .
As far as Trump is concerned, yep, big time deficit spending continued, and half of that was due to China Flu. I'm not discounting that spending just because I supported the guy overall. I hate what deficit spending has done to this country. I find things like stimulus to be a complete waste. Since every single 'stimulus' plan in my lifetime required deficit spending, any economic gains from stimulus are pissed away as the value of the dollar drops. Sure it helps the short term, but they're quite damaging over the long haul. I don't care if they're direct payments to taxpayers or "shovel ready jobs" in bills like Porkulus ... they are all worthless and do long term damage to this country.
Tax cuts for the wealthy though? Define wealthy. I've been able to keep a lot more of my earnings thanks to that tax cut ... I am not rich by any means, but I am also not exactly living paycheck to paycheck. That's the fruits of my labor though ... I started out with pretty much NOTHING. I didn't piss away my late teens/ early 20s in a drunken stupor or study a worthless subject in college while working full time to pay tuition (that was in the early 1990s ... wasn't exactly easy to do as it was earlier in this country's history since tuition was already preposterous at the time ... I wish someone could explain why these fucking schools can get away with ridiculous tuition rates without so much as a peep from our media, but I digress).
When half of this country pays nothing in federal income tax, any tax cut is going to be for the "wealthy". Also, I think it's more productive if you'd ask why in the hell congresscritters REFUSE to cut spending than criticizing tax cuts ... a 10% across the board spending cut coupled with a relatively small tax cut would work wonders for this country. I think the last time that happened was when JFK was POTUS (again, I think ... I could certainly be wrong).
Finally, the House has a lot more of a direct impact on the economy than POTUS (after all, they control the purse strings), but most of us tend to blame/promote the President at the time. That's not intended to be deflection from your argument, nor is it always the case. While the POTUS has the bully pulpit to 'promote' a particular piece of legislation, the ultimate power rests in the House since, again, the House controls the purse strings.
Basically the House is more likely to cause a short term reaction in the markets, while the POTUS' agenda will dictate a more longer term reaction. I'm also well aware that POTUS must sign onto whatever the House is passing, but that's also the result of compromise. If every POTUS rejected House spending bills until they got exactly what they wanted, the Government would have to shut down (not like that's a bad thing, but those scumbags never come to agreement on anything that benefits people anymore ... you can see it in the bills they pass ... a tiny percentage of it goes to the USA, the rest seem to be donations to foreign governments ... sickening).
One thing I do know ... the system is broken beyond repair at this point. Deficit spending isn't necessarily a bad thing ... if you have a gigantic economy, carrying a couple trillion in debt isn't the end of the world ... in fact, it can help keep you competitive on the world market since your currency will not be as strong. However, we are far beyond that point, and have been for a long, long time. They may as well spend as much as possible. The sooner this shitshow implodes, the better. Far less people will be harmed the earlier that can happen. THe more this is dragged out, the harder it is going to be to recover.
Trade in stock market daily and their is all kinds of fuckery going on right now. Yesterday Level 2 prices were all messed up so you couldn't see bid/ask and today at least 5 different tickers that are being heavily shorted all massively dropped at the exact same time after running up huge all day. IMO market crash is coming soon. The corruption in EVERYTHIING is starting to be exposed to the people not yet awake. They will see it in gas prices, retirement account, stock market, groceries, etc.
keep your head about you. if it comes crashing we will need you. the left is pure evil. they will be the ones pointing blaming and stirring up the mob looking for scape goats.
i felt weird typing this out like it is larping but after what we have seen happen over the last few years it is hard to rule anything out.
been asking god a lot if he is seeing how crazy these people are...
I am always happy to help any other patriot out there. I will give periodic updates on crazy shit I am seeing in the market. Right now any oil stock is gold. Also I have been cashing out my account periodically to load up on gold and silver. Not paper gold or silver, but white you can actually hole in your hands.
So pede, if you don't mind. Let me ask you a question. I have a retirement account from my 5 years working for a state gov. It's valued at 33k right now before tax / penalty. If I leave it in until 62, which is 24 years from now, I'd get $380 a month until I die. After taxes and penalty, it is roughly 25k assuming a 22% tax rate. Furthermore, I did a calculation on the value of my potential 25k today and it's value in 24 years assuming a 3% inflation rate per year. That makes it like 91k. To make that much at at $380/mo.it would take 20 years. Do I pull it, use some on my house and some on silver or do I leave it. Just looking for another person who is financially savvy (sounds like you are) like I am. Thanks in advance.
Do you have other investment options? Interested in real estate like rentals? In my area your $33k would buy a duplex rental valued at $160k. If you pick right it should afford you $750 a month in income after expenses and debt service or about $9k per year. So that is $180k over the same 20 years (plus an additional $160k minimum from debt pay down). My calculations do not include rent increases or inflation, both of which will be in your favor. To answer your question; yes, get rid of the retirement plan immediately. They are a function of wall street for the sheep.
If you cash out of your 401K before retirement you'll get hit with a penalized withdrawal fee of 10%. That goes on top of the marginal tax rate you pay now. So if 22%, 24%, 32%, etc., add another 10% gaffing from the IRS. What fuckers.
What has your yearly % increase/decrease been on funds in your 401K so far? A 3% rate going forward would mean your funds are barely working. At your age you should be seeing 9-15% or more. If 9% average over 24 years is $230K+ with no additional deposits -
https://www.dollartimes.com/savings/
In your position I would find a fee based financial advisor. You pay them for their advice, it's the only money they collect from you. You absolutely do not want an advisor that collects from investments they guide you to buy into. A fee-based one will review the funds your current 401K offers and help you decide how to reallocate what's in your 401K now. You could also throw darts at the funds available in your current 401K and do better.
If you have a mortage, is your current interest rate lower than 3.3%? That's the highest re-fi rate on a 30 year fixed mortgage, there are many tiers lower especially if you chop off years. We started out with a 30 year ARM, re-fi to 20 year fixed, re-fi again for 10 year fixed, house paid off 14 years from purchase. Each time we got a lower finance rate, paid extra on principal only, and got out from under the "pay for your house 3X with your after tax money" scam as quickly as we could. If you get rid of your monthly nut you'll have plenty to sink into other assets. So if you have not done a re-fi, consider it asap.
If you leave it in retirement, check for a precious metal mutual fund or option. If that is not available (like mine, T.Rowe Price) put in a “stable value” fund.
You can pull it, but will pay heavily in taxes in 2022. If you go this route you would want to invest in precious metals (physical gold or silver), but I would not advise to do it based off taxes alone.
Some retirements let you take loans out on your own money and you pay yourself interest and principal via monthly payment out of paycheck. Typically you can take half (tax free) and do what you want with it, but you do have to pay the amount back. If you took out the money, you could invest if you know what you’re doing in the stock market. If not, you could buy physical gold or silver online or at a pawn shop. You can always sell back as well. You could also buy crypto if you know that market, but something like Bitcoin or Ethereum would be safest.
Similar situation. If you can put it into PM mining and commidities. Thats what I did, and expect to profit as $$$ moves from shit paper to real assets. No penalty. Not a fin advisor.
They're probably bundled together in swaps. Media is like "meme stocks"... oh do you mean "illegally shorted into oblivion stocks". Look at the tickers for "bankrupted" companies too (sears, blockbuster etc )...zombie stocks arise!
I hope lol. Check CEI tomorrow. 100% not financial advice but a huge risk/reward if you get in early tomorrow and watch over next few days. Lots of shorts trapped. 5 halts today during trading hours 😉
Good for you. Did you see after hours? Wow! Been in since .60 ;)
I swear regular investors own 150% of AMC & GME shares. Market makers are so screwed on both of those. IMO they can’t cover the short and will go bankrupt when economy goes tits up.
Obama's "awesome" market performance was due to the real estate crash. He was inaugurated near the bottom. Stocks had nowhere to go but up.
The only reason stocks "grew" was due to QE and Porkulus devaluing the dollar. It's basically the same reason why stocks didn't crash thru the floor when Trump was POTUS during COVID... All of that deficit spending, sorry, 'stimulus', cheapens the dollar ... Stocks rise as a result due to inflation, not growth.
Clinton's market was flat until the Rs won the House in 1994. People we're spooked by possible liberal spending. Growth didn't continue until Gingrich's Contract with America. Moreover, the .com bubble distorted the market badly heading into the 'W-tard' Bush years. The media went from declaring the end of the business cycle in late 1999-2000 to "Bush's fault" in January 2001.
Moreover, both Bush and Clinton benefited from the end of the cold war engineered by Reagan (who was loathed as badly as Trump by the scumbag liberals all over the fucking planet as well as the war obsessed Neocons here at home (Neocons aren't conservatives ... They're liberals that like war wayyyyy too much). That peace dividend probably did more for the economy over the past 30 years than anything else.
So, yeah, just looking at raw numbers, you are right ... But the gains are all an illusion.
Fair retort but Quantitative easing ended in October 2014 and stock market still ripped from 14-16 under Obama.
Furthermore if you were to chalk up Obama gains to deficit spending, Trump's 4 years saw the deficit massively exceed any Obama years. Partially due to Covid but also due to Trump's tax cuts for the wealthy:
https://datalab.usaspending.gov/americas-finance-guide/images/deficit-trends-viz.svg
Also QE resumed under Trump in 2019.
So under Trump GDP and stock gains underperformed the Obama years, despite the fact that Trump presided over larger deficits and lower taxes on the top 1%.
Agree about neocons though.
Only thing I will discount in your post is the market "ripping" from 14-16 ... it was mostly flat. Frankly, that's probably the most "real" growth the market had seen since the early/mid 1990s ... there wasn't any currency manipulation going on or media hyped bubbles to make their political icons look better.
Other than that, I am not arguing your overall point. The numbers are what they are. There's a lot more to it than who is POTUS at the time though ... and I think you know that :-) .
As far as Trump is concerned, yep, big time deficit spending continued, and half of that was due to China Flu. I'm not discounting that spending just because I supported the guy overall. I hate what deficit spending has done to this country. I find things like stimulus to be a complete waste. Since every single 'stimulus' plan in my lifetime required deficit spending, any economic gains from stimulus are pissed away as the value of the dollar drops. Sure it helps the short term, but they're quite damaging over the long haul. I don't care if they're direct payments to taxpayers or "shovel ready jobs" in bills like Porkulus ... they are all worthless and do long term damage to this country.
Tax cuts for the wealthy though? Define wealthy. I've been able to keep a lot more of my earnings thanks to that tax cut ... I am not rich by any means, but I am also not exactly living paycheck to paycheck. That's the fruits of my labor though ... I started out with pretty much NOTHING. I didn't piss away my late teens/ early 20s in a drunken stupor or study a worthless subject in college while working full time to pay tuition (that was in the early 1990s ... wasn't exactly easy to do as it was earlier in this country's history since tuition was already preposterous at the time ... I wish someone could explain why these fucking schools can get away with ridiculous tuition rates without so much as a peep from our media, but I digress).
When half of this country pays nothing in federal income tax, any tax cut is going to be for the "wealthy". Also, I think it's more productive if you'd ask why in the hell congresscritters REFUSE to cut spending than criticizing tax cuts ... a 10% across the board spending cut coupled with a relatively small tax cut would work wonders for this country. I think the last time that happened was when JFK was POTUS (again, I think ... I could certainly be wrong).
Finally, the House has a lot more of a direct impact on the economy than POTUS (after all, they control the purse strings), but most of us tend to blame/promote the President at the time. That's not intended to be deflection from your argument, nor is it always the case. While the POTUS has the bully pulpit to 'promote' a particular piece of legislation, the ultimate power rests in the House since, again, the House controls the purse strings.
Basically the House is more likely to cause a short term reaction in the markets, while the POTUS' agenda will dictate a more longer term reaction. I'm also well aware that POTUS must sign onto whatever the House is passing, but that's also the result of compromise. If every POTUS rejected House spending bills until they got exactly what they wanted, the Government would have to shut down (not like that's a bad thing, but those scumbags never come to agreement on anything that benefits people anymore ... you can see it in the bills they pass ... a tiny percentage of it goes to the USA, the rest seem to be donations to foreign governments ... sickening).
One thing I do know ... the system is broken beyond repair at this point. Deficit spending isn't necessarily a bad thing ... if you have a gigantic economy, carrying a couple trillion in debt isn't the end of the world ... in fact, it can help keep you competitive on the world market since your currency will not be as strong. However, we are far beyond that point, and have been for a long, long time. They may as well spend as much as possible. The sooner this shitshow implodes, the better. Far less people will be harmed the earlier that can happen. THe more this is dragged out, the harder it is going to be to recover.
This is a copy paste script. Shill.
I will pay you 1 million dollars if you can find my above response written anywhere else, anywhere on the internet.
Sorry bro, not a copy/paste.