Are you holding the same shares you rode down during the last correction? I haven't figured you out yet kid. One minute you tell us you have been holding UTX since you were a KID and the next minute you tell us about making 500 trades a year. I am too smart to be gambling my money on what the stock market might do. I don't mind jumping in and out for a day at a time but not a buy and hold kind of guy. UTX is up because the market is up. When the market turns down again UTX will turn down. That is the way it works. Maybe the market will never go down again and maybe they can keep the interest rates at zero forever. I have never seen this game before and would be very nervous playing it with a lot of money. Owning 100 shares of UTX is not a lot of money and not worth the trouble. How many shares you holding KID?
I bought the gold and silver back in the 80's and they are both up over what I paid. My gold and silver will probably never be sold because they are protect over what the government might do to the money. Most of my money is in the stable value fund of our 401k. The only place I can get any kind of return with minimum risk. Government is getting ready to stop buy bonds. Never have really understood how one branch of the government sells the bonds and another branch buy them. Just looks like the old shell game. The government had never done this before so hard to say how it will end. There doesn't seem to be any inflation so think pulling money out of the economy will not be a good thing. Not sure how they will be able sell these bonds to anyone since the interest rate is so low.
The FED may have killed Santa this year. Could be a real problem when the FED stops buying our debt. Who in their right mine would buy our debt? They may have to keep buying our debt forever because the public does not want it unless we see some big interest increases. They may have painted themselves in a corner.
Glad your happy KID but the real question is 31.7% of what? If it is 31.7% of a million that is good. If it is 31.7% of $1,000 not so good. Keep in mind it is not a gain until you sell. Your taking required distributions because of your age so one thing for sure you will be drawing down your 401k. I have a few more years before I reach that point but am concerned about what happens then. Really going to be a bad situation for my taxes. Right now I can control how much I take out but at that point the government has a schedule for me.
KID when you tell us you are still holding the stock that was purchased when you were a kid that sounds like a long term investor? When you talk about making 4 trades a day it makes no sense to normal people. That is over 1000 trades a year and would be a nightmare for the tax filing. Yes I am sitting in the stable value fund. Maybe if you had of mention the Google trade the day before others could have profited from your advice. Telling us about a trade after it is over does us no good. I have mention before if you have a good trade tell us a head of time.
Think you did a good job of explaining it but do not think I will understand how our government is able to sell debt to itself. Just appears like a shell game to me. They have sure changed the game for the old folks who want to live on fix income.
This is a concept I can't understand. One part of our government sells debt and another part of our government buys the debt. Seems like moving money from one pocket to another pocket. Is this a version of the shell game? Can anyone explain how the fed can keep buying treasury bills? Are they using real money and where do they get the money? Can this go on forever? Are there any limiting factors? I have never seen this before and just do not understand it. Doesn't seem like the market can ever go down as long as they keep doing it. What would prevent them from doing this forever then we never have a correction. Someone please explain this to me.
Whether I am a democrat, bleeding heart liberal, or what ever name you choose to give me is there any reason we should go through this same debt ceiling issue every three months? Is there anyone out there that thinks this is the best way to run our government? Does anyone think this is good for our economy? Do you really think this is a good strategy for the republicans? You think they should keep doing this until they loose control of the house? Do not think the majority of the people in our country want to go through this every three months. It is insane.
For some reason you people think I am a democrat. You most likely think we have democracy? We have a country being run by the lobbyist. If you have enough money you can put the people you want into government and they will make the laws for the rest of us. I have explain this to you before that the top 1% have all the money because they make the laws. Are you people to dense to understand the facts. Try calling your Congressman and telling him you do not want GMO food and he will give you a big lecture which was provided by Monsanto. It is all about the money with these jokers and nothing else. They give you a stupid idea about doing what is right for our country and then they want to refuse to pay for what we have already bought. Can't you people see how stupid that is. All these jokers got together and voted to spend the money and now they don't want to pay. Now we get to go through this same ignorant procedure in another 3 months. Democracy at it's best.
This doesn't bother me too much because I come from a time before the big lobbyist bought our government. I was able to accumulate sufficient money to make it the rest of my life. The thing which bothers me the most is how they are destroying the health of our country for money. They are destroying the land, air and water. They are destroying our children and killing our old people with their criminal laws and that is something more important than money. When you lose your health money means nothing. You really need to be concerned with this. Before you get any health procedure done investigate the procedure. Find out what is in the flu vaccine or any vaccine, the filling your dentist is putting in your mouth, the fluoride in your water, the GMO food Monsanto is producing, and the drug your doctors prescribe. You should understand all these things have been approved by the FDA and the FDA has been pact by the companies with the money. Why do we spend more for health but have worse results?
You have it wrong. The democrats want to reopen the government for a year or longer. The republicans want to reopen the government for a few months. Come January 15 we get to go through this same #$%$ again. Think we will get to go through this about every three months until we kick these jokers out of government. If these clowns don't want to spend the money they shouldn't spend it. All they have to do is tell the seniors they are going to take away their social security and medicare. You act like the democrats are the only ones who want to spend money. You ask a republican if he would like to give up a program for his district so we can save money and see what he says. Why don't these republicans run on the platform of doing away with social security?
Can't you understand; WE HAVE ALREADY SPENT THE MONEY. The question today is do we pay for what we bought? Do you think if we issued treasury bills we should tell those people sorry you do not get your money? Don't you understand how stupid it is for the USA to tell the rest of the world we are not going to honor our debt? If you do not want to pay for what you have bought don't buy it. Once you buy it you have to pay for it. You have two ways to address this problem and one of them is not by defaulting on our debt. We can tell the old folk they are not going to get their social security and medicare anymore. We can stop giving the poor food stamps and let them and their children starve and decrease the surplus population. The second way to address the problem is to let the rich folk pay their fair share. It is Congress job to make these decision but the ignorance of defaulting on our debt should never exist.
May not happen at all. They may want to wait until the market goes to hell before they do anything. Some of them think it is no big deal. If you own stocks and they do not raise the debt ceiling we will see how big a deal it is. Maybe looking at a recession. What a bunch of idiots.
For some reason everything is a bull or bear with you, KID. Some of us have never seen such nonsense in our lives and do not understand what is going on. We are old enough that we can't afford to gamble our life savings on what these idiots in Congress or doing. Bears short stocks and Bulls buy stocks. I just hang out in the stable value fund until I find a chance to jump in for a day or two. I am up a little on the year but probably never be able to make the really big money again. That is OK because the game now is to get it out and spend it with giving as little to the criminals in Washington as possible. Wish I could get the same tax rate as Mitt Romney.
Am I the only one scared? These idiots are talking like if the default on our debt it is not big deal. Have they lost their mind? It is like I am in some fantasy world. Do they have any idea what it will do to our economy? I am very surprised the market is holding up as well as it is. Once we default on our debt I wouldn't want to be holding stocks.
Obama says people like Warren Buffet should be paying a higher percentage than me for his income tax. What is wrong with that? Should those making more income pay a higher percent in taxes? That seems to be the way my buddy Obama see it.
Explain to me why the top 1 % are getting more of the wealth. Is it because they are so much smarter than the rest of us. Do they work so much harder than the rest of us. Why is all the money going to these people. Are the rest of us just lazy? Can you answer the question why the rich keep getting richer and the rest of us keep getting poorer? what has happened in current times which allows them to accumulate all the money?
That is the problem with the system of government we have today. In order to get elected you have to take money from lobbyist. You pay these people back with appointments. There is a difference in Obama position and that of the republicans. Obama thinks the people with all the gold have made laws in their favor and he wants to change that. The top 1% in our country have all the money and that is not fair. We have to redistribute the wealth of our country. We can do it by changing the laws to make it more fair for the majority or we can have a revolution. I choose changing the laws because I am not a big fan of violence. Why should people like Warren Buffet pay less of a percentage in tax than I do. Even he tell us it is not fair. How can anyone believe the stupid theory that republicans are putting out there. Give us more money and we will create more jobs. The more jobs they are talking about are in China and Mexico. It is all about the money with these jokers and they have no patriotism. They will sell our military secrets to China if they can make a buck. Can you imagine what would happen to these people if they did this back in 1945. Why should it be any different today? Back then they wouldn't wait for a trail. They would drag them out of their office and string them up to the nearest tree. That is what I call real justice. Lots of folks out of work because of these stupid republicans and do not think they will forget it come the next election.