S&P Breaks 4,500

[Catseye3]

@copper said in S&P Breaks 4,500:

people who no longer have to pay off student loans

In an era where no concept is too insane for people to swallow, incurring extravagantly high student loan debt ranks right up there.

Alternative scheme: Accept that you're not as rich as the financial sector encourages you believe you are, and that you don't actually have money for tuition. That's right, you don't have it. You have people who come and give you money and then you go to school and forget all about the money. You have no money worries.

You have to work your way through. So do that. If you want to. If you can't think of a smarter cheaper way to get trained.

[Mik]

Brave New World was not so far off.

[Jolly]

And inflation is 6%.

Subtract that 6% from your profits for the year.

[George K]

@jolly said in S&P Breaks 4,500:

And inflation is 6%.

Subtract that 6% from your profits for the year.

It's been a crazy year, to be sure, but....

[Doctor Phibes]

It feels like a crash is probably coming. Lots of people will be surprised, and say it's the end times.

Then it will go up again.

[George K]

@doctor-phibes said in S&P Breaks 4,500:

It feels like a crash is probably coming.

We are overdue, to be sure.

[Horace]

inflation could absorb a slow, long term 'crash', without a significant drop in the indexes. Remember stock prices go up with the other prices.

[Jolly]

@doctor-phibes said in S&P Breaks 4,500:

It feels like a crash is probably coming. Lots of people will be surprised, and say it's the end times.

Then it will go up again.

It doesn't always have to go up, you know.

[Copper]

All these new workers coming across our southern border are going to invest their 401Ks somewhere.

This should mean new and improved stock prices.

[Doctor Phibes]

@jolly said in S&P Breaks 4,500:

@doctor-phibes said in S&P Breaks 4,500:

It feels like a crash is probably coming. Lots of people will be surprised, and say it's the end times.

Then it will go up again.

It doesn't always have to go up, you know.

I'm a firm believer in things generally continuing to behave as they have in the past. Both your comment, and the stockmarket, are currently following that prediction

[Horace]

@doctor-phibes said in S&P Breaks 4,500:

@jolly said in S&P Breaks 4,500:

@doctor-phibes said in S&P Breaks 4,500:

It feels like a crash is probably coming. Lots of people will be surprised, and say it's the end times.

Then it will go up again.

It doesn't always have to go up, you know.

I'm a firm believer in things generally continuing to behave as they have in the past. Both your comment, and the stockmarket, are currently following that prediction

Past performance is not necessarily indicative of future results.

[Doctor Phibes]

@horace said in S&P Breaks 4,500:

@doctor-phibes said in S&P Breaks 4,500:

@jolly said in S&P Breaks 4,500:

@doctor-phibes said in S&P Breaks 4,500:

It feels like a crash is probably coming. Lots of people will be surprised, and say it's the end times.

Then it will go up again.

It doesn't always have to go up, you know.

I'm a firm believer in things generally continuing to behave as they have in the past. Both your comment, and the stockmarket, are currently following that prediction

Past performance is not necessarily indicative of future results.

Sure, I could win the lottery, but it doesn't seem very likely. Particularly as I never buy a ticket.

The ongoing rise of the market is as predictable as the predictions that 'this can't last forever, you know!'

[Loki]

@bachophile said in S&P Breaks 4,500:

I know it’s not PC to talk about personal investments but I’ll tell all. The bulk of my personal $$$ is in S and P indexed funds. For the past maybe thirty years. Maybe more.Weathered every major drop. Even black Monday of 87. and I’m still way ahead.

That me. Saves so much time not thinking about it, which is another major gift.

[Horace]

@loki said in S&P Breaks 4,500:

@bachophile said in S&P Breaks 4,500:

I know it’s not PC to talk about personal investments but I’ll tell all. The bulk of my personal $$$ is in S and P indexed funds. For the past maybe thirty years. Maybe more.Weathered every major drop. Even black Monday of 87. and I’m still way ahead.

That me. Saves so much time not thinking about it, which is another major gift.

On the other hand, it might be a fun and profitable way to spend one's thinking time.

[Doctor Phibes]

@horace said in S&P Breaks 4,500:

@loki said in S&P Breaks 4,500:

@bachophile said in S&P Breaks 4,500:

I know it’s not PC to talk about personal investments but I’ll tell all. The bulk of my personal $$$ is in S and P indexed funds. For the past maybe thirty years. Maybe more.Weathered every major drop. Even black Monday of 87. and I’m still way ahead.

That me. Saves so much time not thinking about it, which is another major gift.

On the other hand, it might be a fun and profitable way to spend one's thinking time.

The only person I know in real life who used to put more of his own money than he could afford into trading, ended up losing his life savings in 2008.

Somebody else I know pulled all his 401K out (and paid taxes on it), when Obama was elected, as he said that the market was never, ever going to recover. In the second stupidest move of his life, he then offered to lend the money to the guy who'd just lost his life savings - true story.

[Mik]

You cannot be serious. Did you ever pay him back?

[Horace]

@doctor-phibes said in S&P Breaks 4,500:

@horace said in S&P Breaks 4,500:

@loki said in S&P Breaks 4,500:

@bachophile said in S&P Breaks 4,500:

I know it’s not PC to talk about personal investments but I’ll tell all. The bulk of my personal $$$ is in S and P indexed funds. For the past maybe thirty years. Maybe more.Weathered every major drop. Even black Monday of 87. and I’m still way ahead.

That me. Saves so much time not thinking about it, which is another major gift.

On the other hand, it might be a fun and profitable way to spend one's thinking time.

The only person I know in real life who used to put more of his own money than he could afford into trading, ended up losing his life savings in 2008.

You probably have some particular idea of what it is to "trade". But there are degrees, from choosing which funds to allocate your 401k to, to choosing which funds to put your after-tax savings into, to trading individual stocks, to trading derivatives. I am sure you know lots of people who fit somewhere along that line.

[Horace]

@mik said in S&P Breaks 4,500:

You cannot be serious. Did you ever pay him back?

lol

[Doctor Phibes]

@horace said in S&P Breaks 4,500:

@doctor-phibes said in S&P Breaks 4,500:

@horace said in S&P Breaks 4,500:

@loki said in S&P Breaks 4,500:

@bachophile said in S&P Breaks 4,500:

I know it’s not PC to talk about personal investments but I’ll tell all. The bulk of my personal $$$ is in S and P indexed funds. For the past maybe thirty years. Maybe more.Weathered every major drop. Even black Monday of 87. and I’m still way ahead.

That me. Saves so much time not thinking about it, which is another major gift.

On the other hand, it might be a fun and profitable way to spend one's thinking time.

The only person I know in real life who used to put more of his own money than he could afford into trading, ended up losing his life savings in 2008.

You probably have some particular idea of what it is to "trade". But there are degrees, from choosing which funds to allocate your 401k to, to choosing which funds to put your after-tax savings into, to trading individual stocks, to trading derivatives. I am sure you know lots of people who fit somewhere along that line.

Yeah, I thought it would be pretty obvious what I was talking about. Apparently not

[Doctor Phibes]

@mik said in S&P Breaks 4,500:

You cannot be serious. Did you ever pay him back?

The pair of them got divorced a couple of years later, which probably didn't help their finances either.

It was like watching the world's slowest car-accident.