It's gonna be a hell of a day.
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wrote on 5 Aug 2024, 13:46 last edited by
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wrote on 5 Aug 2024, 15:10 last edited by
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wrote on 5 Aug 2024, 15:11 last edited by
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wrote on 5 Aug 2024, 15:23 last edited by
@George-K said in It's gonna be a hell of a day.:
Yep. I still can't get in. Schwab bought TD a year or two ago. Not sure why they are listed.
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wrote on 5 Aug 2024, 15:24 last edited by
Just logged in to Fidelity successfully. I had an HSA there.
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wrote on 5 Aug 2024, 18:13 last edited by
Just remember, the stock market is still substantially higher than it was at any point in the Trump administration.
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wrote on 5 Aug 2024, 18:14 last edited by
I don't think the drop is anywhere near done. It would be nice, but a run up is usually followed by a drop followed by a run up followed by....
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Just remember, the stock market is still substantially higher than it was at any point in the Trump administration.
wrote on 5 Aug 2024, 18:17 last edited by@jon-nyc said in It's gonna be a hell of a day.:
Just remember, the stock market is still substantially higher than it was at any point in the Trump administration.
Yes, and the S&P was 1500 points higher on the day Trump left office than on the day Obama did.
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wrote on 5 Aug 2024, 18:19 last edited by
I have to sell a substantial amount of stock in the next month to buy a house. But I had intended to sell Asian and emerging market funds that hadn’t gained that much over the years and haven’t lost as much this week.
And about half of what I need I’ll get from selling NY tax exempt bonds, which are actually up this week.
The silver lining is I’ll owe less capital gains tax than I was anticipating.
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Just remember, the stock market is still substantially higher than it was at any point in the Trump administration.
wrote on 5 Aug 2024, 18:26 last edited by@jon-nyc said in It's gonna be a hell of a day.:
Just remember, the stock market is still substantially higher than it was at any point in the Trump administration.
Higher than it was under FDR, too.
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wrote on 5 Aug 2024, 18:27 last edited by
I don't think this is a minor correction. Recession on the way, if it ain't already here.
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wrote on 5 Aug 2024, 18:30 last edited by jon-nyc 8 Jun 2024, 17:38
You’ve been wishcasting a recession since January 21st, 2021.
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wrote on 5 Aug 2024, 18:31 last edited by
I tried to login to vanguard to sell some of those munis while they’re high but the site is having issues.
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wrote on 5 Aug 2024, 18:37 last edited by
@jon-nyc said in It's gonna be a hell of a day.:
You’ve been wishcasting for a recession since January 21st, 2021.
And at such an opportune time.
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wrote on 6 Aug 2024, 01:20 last edited by
And if the recession happens during the first part of 2025, and President Trump has been elected, then the recession is his fault? LOL
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And if the recession happens during the first part of 2025, and President Trump has been elected, then the recession is his fault? LOL
wrote on 6 Aug 2024, 01:32 last edited by@taiwan_girl said in It's gonna be a hell of a day.:
And if the recession happens during the first part of 2025, and President Trump has been elected, then the recession is his fault? LOL
Of course not, but if it doesn’t get fixed by him, then we look for new answers in 2028.
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wrote on 6 Aug 2024, 01:43 last edited by
"Oh no! The assets I don't plan on touching for 20-30 years are worth 2% less than they were yesterday. The sky is falling!"
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"Oh no! The assets I don't plan on touching for 20-30 years are worth 2% less than they were yesterday. The sky is falling!"
wrote on 6 Aug 2024, 01:56 last edited by@George-K said in It's gonna be a hell of a day.:
"Oh no! The assets I don't plan on touching for 20-30 years are worth 2% less than they were yesterday. The sky is falling!"
Yeah, but what if this continues? What about us guys with a five year horizon?
During Obama, I took a 30-something percent haircut. Took 38 months to get that back.
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wrote on 6 Aug 2024, 02:10 last edited by
For those with a 5 year horizon, I would hope they aren’t riding with an index fund or similarly volatile portfolio and have shifted into less risky holdings especially after the recent frothy bubble up in values.
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wrote on 6 Aug 2024, 02:14 last edited by
I’m on summer vacation (shocker, at a lake) so I haven’t really been tracking the news. Probably shouldn't check my accounts.
Oops, just did. Woof. As long as they keep going up over the long term… if we get really into deep territory I might even shift some accounts into aggressive mode to ride the eventual rebound that much faster.