Trumpenomics
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wrote on 12 Apr 2025, 17:03 last edited by
It's all imaginary money until you access it.
In 2008, I lost over a third of my market investments. Took it a tad over three years to recoup the losses.
The market goes up and it goes down. Never have all your investments in the stock market.
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It's all imaginary money until you access it.
In 2008, I lost over a third of my market investments. Took it a tad over three years to recoup the losses.
The market goes up and it goes down. Never have all your investments in the stock market.
wrote on 12 Apr 2025, 17:36 last edited by@Jolly said in Trumpenomics:
Never have all your investments in the stock market.
Buffet's advice to his wife after he passes, is to have 90% of their assets in an S&P index fund, and 10% in government bonds. So, not all in the market, but substantially all.
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wrote on 12 Apr 2025, 18:05 last edited by
Right but Buffet’s wife’s standard of living won’t change if she takes a 30% hit in her equities.
When you’ve made just enough, you need to be more conservative as you age so you don’t get clobbered by a downturn that you don’t have time to recover from. When you’ve made far more than you’d ever need, you can invest for future generations (ie the long term) even if you’re 85.
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wrote on 12 Apr 2025, 18:08 last edited by
The Wall Street editor of The Economist magazine had this to say about the exemption for Chinese made electronics:
If you were running a secret strategy to undermine American manufacturing, exempting popular finished consumer goods from tariffs and keeping them in place for intermediate goods, capital goods and raw materials would be a good way to go about it.
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wrote on 12 Apr 2025, 18:11 last edited by
I guess he has those people in the bag politically anyway. The people with 401ks and a nest egg to protect, on the other hand, were probably easy swing voters.
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wrote on 12 Apr 2025, 20:05 last edited by
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wrote on 12 Apr 2025, 20:06 last edited by
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wrote on 12 Apr 2025, 20:13 last edited by
It's all so completely absurd.
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wrote on 12 Apr 2025, 20:46 last edited by jon-nyc 4 Dec 2025, 20:46
@jon-nyc said in Trumpenomics:
ChatGPT gave me an estimate of 4-7 years to build a large aluminum smelting plant in the US at a cost of ~$5B per million tons of annual output. Oh and that assumes you have 15-20 terawatt hours per year of electricity generation nearby, enough to power about 1MM homes.
So yeah, no one’s doing that based on a tariff that might not last until June, let alone 2030.
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wrote on 12 Apr 2025, 20:50 last edited by
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wrote on 13 Apr 2025, 19:18 last edited by jon-nyc
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wrote on 13 Apr 2025, 19:33 last edited by
Just wanted to say POTUS is looking well, a bit thinner in the face and very healthy. Anyone noticed a difference?
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wrote on 13 Apr 2025, 19:41 last edited by
Art of the meal?
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wrote on 13 Apr 2025, 19:43 last edited by
I wonder what the rare earths restriction means to Tesla.
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wrote on 13 Apr 2025, 20:00 last edited by
The WH announcement literally was called "Clarification of Exceptions", lardass.
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wrote on 13 Apr 2025, 21:10 last edited by
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wrote on 13 Apr 2025, 21:12 last edited by
The most charitable explanation is that Navarro/Lutnick just take their fight public after losing a skirmish in a conference room somewhere.
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wrote on 13 Apr 2025, 21:14 last edited by
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wrote on 13 Apr 2025, 21:41 last edited by
As for an update on "Drill, Baby, Drill", more drills were shut down in the past week than in the past 2 years.
