[careinke]

$this->bbcode_second_pass_quote('AdamB', '')$this->bbcode_second_pass_quote('careinke', '')$this->bbcode_second_pass_quote('vtsnowedin', 'I') noticed my cash account at Fidelity is now paying 3.5% so I don't need to look for a bond fund.

[vtsnowedin]

$this->bbcode_second_pass_quote('careinke', '')$this->bbcode_second_pass_quote('vtsnowedin', 'I') noticed my cash account at Fidelity is now paying 3.5% so I don't need to look for a bond fund.

[Plantagenet]

$this->bbcode_second_pass_quote('vtsnowedin', '
') I think we are headed into a very tough year and finding anything that turns a profit for you will be as scarce as hen's teeth.

[vtsnowedin]

Well that is a pretty safe prediction given the markets record over the last century. Way more up years then down and an average nine percent gain per year including the down years.
But I don't share that prediction for this year, reason being the coming recession is being caused by the Biden policies and with the Democrats in charge of the Senate none of those policies will get reversed before 2024.
We can look to the Carter presidency to see a likely result. In his four years the market only advanced 1.25% and was followed by Reagan's eight year 135% gain or consider Trump's four year gain of 43%.

[AdamB]

$this->bbcode_second_pass_quote('vtsnowedin', '
') We can look to the Carter presidency to see a likely result. In his four years the market only advanced 1.25% and was followed by Reagan's eight year 135% gain or consider Trump's four year gain of 43%.

[Plantagenet]

Biden's economic record is very poor so far, with the worst inflation in decades getting started in Biden's first year, the stock market collapsing in his second year, and a recession likely to occur in Biden's third year.

But there's still hope Biden will get his economic act together and turn things around in his fourth year in office.

After all, even someone as old and mentally challenged as Joe Biden can't screw up the economy all four years he is in office.......or can he?????


How Joe Biden can stop his falls on the stairs of Air Force One........

Cheers!

[yellowcanoe]

$this->bbcode_second_pass_quote('Plantagenet', 'B')iden's economic record is very poor so far, with the worst inflation in decades getting started in Biden's first year, the stock market collapsing in his second year, and a recession likely to occur in Biden's third year.

[careinke]

$this->bbcode_second_pass_quote('yellowcanoe', '')$this->bbcode_second_pass_quote('Plantagenet', 'B')iden's economic record is very poor so far, with the worst inflation in decades getting started in Biden's first year, the stock market collapsing in his second year, and a recession likely to occur in Biden's third year.

[vtsnowedin]

Apparently the stock market crash has been postponed for a while. My year to date figures are up 6.62% and preceding twelve months is up 22.76% but that does include some cash I added to the account during the year. Exxon and Lockheed-Martin are my best bets lately.

[AdamB]

$this->bbcode_second_pass_quote('careinke', '
')Actually, I prefer Brandon over your Black Faced fascist. But hey we are just arguing over the smell of shit, it's all bad.

Peace

[AdamB]

$this->bbcode_second_pass_quote('vtsnowedin', 'A')pparently the stock market crash has been postponed for a while.

[Peak_Yeast]

$this->bbcode_second_pass_quote('vtsnowedin', 'A')pparently the stock market crash has been postponed for a while. My year to date figures are up 6.62% and preceding twelve months is up 22.76% but that does include some cash I added to the account during the year. Exxon and Lockheed-Martin are my best bets lately.

[vtsnowedin]

$this->bbcode_second_pass_quote('Peak_Yeast', '')$this->bbcode_second_pass_quote('vtsnowedin', 'A')pparently the stock market crash has been postponed for a while. My year to date figures are up 6.62% and preceding twelve months is up 22.76% but that does include some cash I added to the account during the year. Exxon and Lockheed-Martin are my best bets lately.

[theluckycountry]

Talking with a friend about inflation the other day we concluded that for the 10 years or so 2008~2020 there was hardly any. Not any to speak of that is. Petrol prices hardly moved, food the same, restaurant prices were sticky. There was some creep with things like power bills and vehicle regos etc but nothing alarming. Hell even new motorcycles maintained a price cap over that decade, though now they have leaped up substantially.

Over that same period the housing market and the stock market here went sideways and there was no interest rates worthy of chasing. Most other markets around the world were the same if you look at the charts. It was only in the US where markets ballooned out, driven by capital inflows from all around the globe, even Australian private pensions were heavy investors over there. These flat markets here and elsewhere caused a lot of trouble to those who were highly in debt, but if you were in business for yourself and could raise your fees, and not in debt, it was a golden opportunity to salt money away.

Now everyone is squealing about inflation as though it's a new phenomenon. But we had it big-time in the 2000's as well so a 10 year hiatus should have prepared people. Especially people here who are aware that with conventional oil peaking, and being subsidized with expensive alternatives, it was a foregone conclusion that prices would rise.

Why the masses would expect the world's energy intensive nations to transition off fossil fuels without precipitous drops in living standards just goes to show deluded they have become. To believe $80k EV's and Green energy solutions would somehow not result in big inflation is like a child crying when the ice cream tub is empty.

Thrift. That's the secret. Living well within your means. That and avoiding third parties when it comes to your wealth preservation.

[careinke]

$this->bbcode_second_pass_quote('vtsnowedin', 'A')pparently the stock market crash has been postponed for a while. My year to date figures are up 6.62% and preceding twelve months is up 22.76% but that does include some cash I added to the account during the year. Exxon and Lockheed-Martin are my best bets lately.

[AdamB]

$this->bbcode_second_pass_quote('theluckycountry', '
')Thrift. That's the secret. Living well within your means. That and avoiding third parties when it comes to your wealth preservation.

[careinke]

$this->bbcode_second_pass_quote('AdamB', '')$this->bbcode_second_pass_quote('careinke', '
')Actually, I prefer Brandon over your Black Faced fascist. But hey we are just arguing over the smell of shit, it's all bad.

Peace

[vtsnowedin]

$this->bbcode_second_pass_quote('careinke', '')$this->bbcode_second_pass_quote('vtsnowedin', 'A')pparently the stock market crash has been postponed for a while. My year to date figures are up 6.62% and preceding twelve months is up 22.76% but that does include some cash I added to the account during the year. Exxon and Lockheed-Martin are my best bets lately.

[evilgenius]

Most of my portfolio is in the green. I took advantage of whatever opportunity I could to buy low. I added to several positions. Among those are my positions in LTHM and LAC. Those are lithium plays. I offer them as examples, but I am not just into lithium. Electrical infrastructure is way up, and solar is doing interesting things. Industrial automation is coming along nicely.

I don't believe in being in default panic mode. In fact, it's not really in my personality to panic. I like to be rational in the face of difficulty rather than so concerned that I can't make choices. What that means is you do need a sort of bias. My bias is, of course, toward my hypothesis that the electrified and AI driven world of the future will succeed. I don't abandon that at the first sign it might be wrong, when prices go down.

Because I believe that, I don't think it is like stealing to buy low. I don't think that it is like taking candy from babies. I don't think it because I outline my reasons, my risk position, and I stick with it.

I feel a person has to kind of say that because these conspiracy minded people are so crazy. You have to remember why people are anti-Semitic most of the time. It's because Jewish families succeed across time. They do that because they teach their children a few things about how to succeed. One of those things is a longer term outlook on life that includes activities like saving. People who can't think past what they are gonna blow their next check on tend to get jealous of those people. People who can't bring their appetites into check, lowering the expense incurred in their budgets to those things, tend to get jealous of those people. Anybody who can't save and needs a scapegoat to accept emotionally where they find themselves, tends to get jealous of those people.

I am reminding you of the risk I am taking by being optimistic while so many other people are so afraid. It should compel you to look at yourself, if you didn't save, or saved badly. It is possible to save too much toward fear. It can be worse than taking simple interest. There isn't always a buyer of those things when you want to dump those fear based assets.

Look, it's not like I don't kowtow towards fear within my portfolio. I do own some positions mainly for the dividend income they will give me rather than the gains they might make. The point is, balancing that doesn't take hand waving. It's more discrete. It doesn't need fanfare to happen. If you need fanfare, you are probably being taken. You are probably relying on silver to go to $50, while the person who is filling you full of such ideas, that it is even probable, just wants you to take their position off of their hands.

[AdamB]