Investment questions/thoughts | |
Rick Deez Nuts
User ID: 80580443 United States 08/18/2021 09:26 AM Report Abusive Post Report Copyright Violation | |
BRIEF
User ID: 79662918 United States 08/18/2021 09:32 AM Report Abusive Post Report Copyright Violation | The penalty and taxes on cashing in a tax deferred retirement account will basically divide your wealth in half, like getting divorced lol It would be a great opportunity to roll it into a Roth account and pay the taxes out of pocket, and then leave it to grow absolutely tax free... The stock market has never actually crashed...In the last 100 years it has taken a 25% dip, and a couple others of 20% and less, but all has recovered and grown... The average of all the markets is 12% annually, so by rule of 69 and 72, you double your money every 6.5 years...Unless you pull it out, then you fuck yourself... I never forgive and I never forget I am a licensed firearm holder. I will, under protection of law, use lethal force if attacked. |
Anonymous Coward User ID: 79258904 United States 08/18/2021 09:33 AM Report Abusive Post Report Copyright Violation | |
BRIEF
User ID: 79662918 United States 08/18/2021 09:33 AM Report Abusive Post Report Copyright Violation | I would move it all to bonds and when the market crashes, move it all back into a good mutual fund and blow up that 401k. That’s what I am doing. Quoting: Rick Deez Nuts Did the COWS advise you to do that? I never forgive and I never forget I am a licensed firearm holder. I will, under protection of law, use lethal force if attacked. |
BRIEF
User ID: 79662918 United States 08/18/2021 09:38 AM Report Abusive Post Report Copyright Violation | When they go to a digital blockchain based economy, you’re going to want to be invested in crypto to some extent. Many people put their cash into crypto right now simply because of the inflation prospects surrounding the dollar. Quoting: BIG.BILL - - - - - - Do you still buy and determine the value of crypto in DOLLARS? I never forgive and I never forget I am a licensed firearm holder. I will, under protection of law, use lethal force if attacked. |
Rick Deez Nuts
User ID: 80580443 United States 08/18/2021 09:39 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 79258904 United States 08/18/2021 09:41 AM Report Abusive Post Report Copyright Violation | When they go to a digital blockchain based economy, you’re going to want to be invested in crypto to some extent. Many people put their cash into crypto right now simply because of the inflation prospects surrounding the dollar. Quoting: BIG.BILL - - - - - - Do you still buy and determine the value of crypto in DOLLARS? I do although I have only purchased and have not sold any. So if some sort of transition happens in the next few years, the potential is there to be spending crypto, and not “dollars” per se on the things I need. - - - - - - |
BRIEF
User ID: 79662918 United States 08/18/2021 09:43 AM Report Abusive Post Report Copyright Violation | I would move it all to bonds and when the market crashes, move it all back into a good mutual fund and blow up that 401k. That’s what I am doing. Quoting: Rick Deez Nuts Did the COWS advise you to do that? Cool story bro. Stay poor. Your choice. I have never wanted for anything...Because I have read, studied, and found the formula that works, I will never be in need... I never forgive and I never forget I am a licensed firearm holder. I will, under protection of law, use lethal force if attacked. |
BRIEF
User ID: 79662918 United States 08/18/2021 09:46 AM Report Abusive Post Report Copyright Violation | When they go to a digital blockchain based economy, you’re going to want to be invested in crypto to some extent. Many people put their cash into crypto right now simply because of the inflation prospects surrounding the dollar. Quoting: BIG.BILL - - - - - - Do you still buy and determine the value of crypto in DOLLARS? I do although I have only purchased and have not sold any. So if some sort of transition happens in the next few years, the potential is there to be spending crypto, and not “dollars” per se on the things I need. - - - - - - A person, as a retired self-employed business owner, I can demand payment in any form I want and it's perfectly legal...If I want silver or gold, that would be ok...I stopped taking paper checks in lieu of debit cards, and I know of businesses that won't accept cash...If I want to be paid in chickens, while it would drive my accountant crazy trying to determine the market value of poultry, I could in fact make that demand...Though I don't think I would have many customers... I never forgive and I never forget I am a licensed firearm holder. I will, under protection of law, use lethal force if attacked. |
Ivermectin-Kills-Covid
User ID: 77996959 United States 08/18/2021 09:50 AM Report Abusive Post Report Copyright Violation | The bankruptcy courts will not be able to handle this load so they will blanket approve the restructuring of these companies in one fell swoop. And part of the restructuring will be to wipe out all the common shares of these companies to zip, nadda, gone... This is how they will take your retirement money. Not just through a market crash, but by bankruptcies at all levels of our society. The banks will do it. Spread the word, "Ivermectin Kills Covid" Let's make Ivermectin an Over-The-Counter drug so it can be taken at the first sign of any viral symptoms. FLCCC.NET for doctors working to find cures for Covid. . |
Pervnoff
(OP) Follower of Yeshua User ID: 21637097 United States 08/18/2021 09:55 AM Report Abusive Post Report Copyright Violation | When they go to a digital blockchain based economy, you’re going to want to be invested in crypto to some extent. Many people put their cash into crypto right now simply because of the inflation prospects surrounding the dollar. Quoting: BIG.BILL - - - - - - Do you still buy and determine the value of crypto in DOLLARS? I do although I have only purchased and have not sold any. So if some sort of transition happens in the next few years, the potential is there to be spending crypto, and not “dollars” per se on the things I need. - - - - - - A person, as a retired self-employed business owner, I can demand payment in any form I want and it's perfectly legal...If I want silver or gold, that would be ok...I stopped taking paper checks in lieu of debit cards, and I know of businesses that won't accept cash...If I want to be paid in chickens, while it would drive my accountant crazy trying to determine the market value of poultry, I could in fact make that demand...Though I don't think I would have many customers... Thanks Brief and everyone who's responded. Prior to making a move, would you put anything into fixed to avoid a potential downturn having to sell the 401(k)? Thanks! Pervnoff |
BRIEF
User ID: 79662918 United States 08/18/2021 09:57 AM Report Abusive Post Report Copyright Violation | My fear is that when The Great Reset happens banks will call in all their loans, including those to corporations, causing a thousand companies to file for bankruptcy. Quoting: Ivermectin-Kills-Covid The bankruptcy courts will not be able to handle this load so they will blanket approve the restructuring of these companies in one fell swoop. And part of the restructuring will be to wipe out all the common shares of these companies to zip, nadda, gone... This is how they will take your retirement money. Not just through a market crash, but by bankruptcies at all levels of our society. The banks will do it. I don't know how this "idea" of a reset started, but it's absurd...The worst case scenario would be a devaluation of the dollar, and likely it would be 1/3 or around 30% There is no reset! If you make financial decisions based on bullshit, that's where you will end up, in shit... I never forgive and I never forget I am a licensed firearm holder. I will, under protection of law, use lethal force if attacked. |
BRIEF
User ID: 79662918 United States 08/18/2021 09:58 AM Report Abusive Post Report Copyright Violation | I do although I have only purchased and have not sold any. So if some sort of transition happens in the next few years, the potential is there to be spending crypto, and not “dollars” per se on the things I need. - - - - - - A person, as a retired self-employed business owner, I can demand payment in any form I want and it's perfectly legal...If I want silver or gold, that would be ok...I stopped taking paper checks in lieu of debit cards, and I know of businesses that won't accept cash...If I want to be paid in chickens, while it would drive my accountant crazy trying to determine the market value of poultry, I could in fact make that demand...Though I don't think I would have many customers... Thanks Brief and everyone who's responded. Prior to making a move, would you put anything into fixed to avoid a potential downturn having to sell the 401(k)? Thanks! Pervnoff Fixed as an annuity or CD? NO I never forgive and I never forget I am a licensed firearm holder. I will, under protection of law, use lethal force if attacked. |
BRIEF
User ID: 79662918 United States 08/18/2021 10:01 AM Report Abusive Post Report Copyright Violation | We just reached all time highs, and there will be profit taking...I did and helped my son buy a house, as a loan until he sells his other home... When the market reaches and pushed records, it's going to fall back some, but look where we are...18% year to date? I think that's about where we are... I never forgive and I never forget I am a licensed firearm holder. I will, under protection of law, use lethal force if attacked. |
BRIEF
User ID: 79662918 United States 08/18/2021 10:02 AM Report Abusive Post Report Copyright Violation | Last Edited by BRIEF on 08/18/2021 10:03 AM I never forgive and I never forget I am a licensed firearm holder. I will, under protection of law, use lethal force if attacked. |
Pervnoff
(OP) Follower of Yeshua User ID: 21637097 United States 08/18/2021 10:05 AM Report Abusive Post Report Copyright Violation | ... Quoting: BIG.BILL I do although I have only purchased and have not sold any. So if some sort of transition happens in the next few years, the potential is there to be spending crypto, and not “dollars” per se on the things I need. - - - - - - A person, as a retired self-employed business owner, I can demand payment in any form I want and it's perfectly legal...If I want silver or gold, that would be ok...I stopped taking paper checks in lieu of debit cards, and I know of businesses that won't accept cash...If I want to be paid in chickens, while it would drive my accountant crazy trying to determine the market value of poultry, I could in fact make that demand...Though I don't think I would have many customers... Thanks Brief and everyone who's responded. Prior to making a move, would you put anything into fixed to avoid a potential downturn having to sell the 401(k)? Thanks! Pervnoff Fixed as an annuity or CD? NO No I meant basically a fixed money-market type feature of the 401(k) prior to having to move it. Thank you! Pervnoff |
Pervnoff
(OP) Follower of Yeshua User ID: 21637097 United States 08/18/2021 10:09 AM Report Abusive Post Report Copyright Violation | On pensions these days I would think it would make the most sense to do a lump-sum payment and have control of it yourself. The organization where this person works has been sued in the past for having an underfunded pension, which they claim has been because they aren't bound by E.R.I.S.A. rules because they are a "church" in spite of them being a healthcare organization. Pretty ridiculous. Of course, even though someone works for them they need to provide a religious exemption form and hope it gets approved to avoid the vax. Pervnoff |
BRIEF
User ID: 79662918 United States 08/18/2021 10:13 AM Report Abusive Post Report Copyright Violation | ... Quoting: BRIEF A person, as a retired self-employed business owner, I can demand payment in any form I want and it's perfectly legal...If I want silver or gold, that would be ok...I stopped taking paper checks in lieu of debit cards, and I know of businesses that won't accept cash...If I want to be paid in chickens, while it would drive my accountant crazy trying to determine the market value of poultry, I could in fact make that demand...Though I don't think I would have many customers... Thanks Brief and everyone who's responded. Prior to making a move, would you put anything into fixed to avoid a potential downturn having to sell the 401(k)? Thanks! Pervnoff Fixed as an annuity or CD? NO No I meant basically a fixed money-market type feature of the 401(k) prior to having to move it. Thank you! Pervnoff no to that too...The reason you don't want to play peek-a-boo with your money is because you cannot time the market...No one knew that last year the market would sink 20% and then recover 65% by the end of the year, with a yield of 45%...We made 37%, because the DOW didn't di well, but it sure beats 12%!! I never forgive and I never forget I am a licensed firearm holder. I will, under protection of law, use lethal force if attacked. |
Ivermectin-Kills-Covid
User ID: 77996959 United States 08/18/2021 10:15 AM Report Abusive Post Report Copyright Violation | My fear is that when The Great Reset happens banks will call in all their loans, including those to corporations, causing a thousand companies to file for bankruptcy. Quoting: Ivermectin-Kills-Covid The bankruptcy courts will not be able to handle this load so they will blanket approve the restructuring of these companies in one fell swoop. And part of the restructuring will be to wipe out all the common shares of these companies to zip, nadda, gone... This is how they will take your retirement money. Not just through a market crash, but by bankruptcies at all levels of our society. The banks will do it. I don't know how this "idea" of a reset started, but it's absurd...The worst case scenario would be a devaluation of the dollar, and likely it would be 1/3 or around 30% There is no reset! If you make financial decisions based on bullshit, that's where you will end up, in shit... Where the heck have you been for the last year? Don’t you read the threads on this forum? Klaus Schwab is one of the elite running the World Economic Forum and they are advocating for The Great Reset. They aren’t just a think tank. They are run by the elite of this world so yes it is real and they will be implementing it soon. The Great Reset [link to www.youtube.com (secure)] COVID-19: The Great Reset [link to www.youtube.com (secure)] The World Economic Forum (You will own nothing and be a happy socialist) [link to www.weforum.org (secure)] Spread the word, "Ivermectin Kills Covid" Let's make Ivermectin an Over-The-Counter drug so it can be taken at the first sign of any viral symptoms. FLCCC.NET for doctors working to find cures for Covid. . |
BRIEF
User ID: 79662918 United States 08/18/2021 10:16 AM Report Abusive Post Report Copyright Violation | My fear is that when The Great Reset happens banks will call in all their loans, including those to corporations, causing a thousand companies to file for bankruptcy. Quoting: Ivermectin-Kills-Covid The bankruptcy courts will not be able to handle this load so they will blanket approve the restructuring of these companies in one fell swoop. And part of the restructuring will be to wipe out all the common shares of these companies to zip, nadda, gone... This is how they will take your retirement money. Not just through a market crash, but by bankruptcies at all levels of our society. The banks will do it. I don't know how this "idea" of a reset started, but it's absurd...The worst case scenario would be a devaluation of the dollar, and likely it would be 1/3 or around 30% There is no reset! If you make financial decisions based on bullshit, that's where you will end up, in shit... Where the heck have you been for the last year? Don’t you read the threads on this forum? Klaus Schwab is one of the elite running the World Economic Forum and they are advocating for The Great Reset. They aren’t just a think tank. They are run by the elite of this world so yes it is real and they will be implementing it soon. The Great Reset [link to www.youtube.com (secure)] COVID-19: The Great Reset [link to www.youtube.com (secure)] The World Economic Forum (You will own nothing and be a happy socialist) [link to www.weforum.org (secure)] Yes I read and it's bullshit... I never forgive and I never forget I am a licensed firearm holder. I will, under protection of law, use lethal force if attacked. |
Fizarak
User ID: 79406230 United States 08/18/2021 10:18 AM Report Abusive Post Report Copyright Violation | My fear is that when The Great Reset happens banks will call in all their loans, including those to corporations, causing a thousand companies to file for bankruptcy. Quoting: Ivermectin-Kills-Covid The bankruptcy courts will not be able to handle this load so they will blanket approve the restructuring of these companies in one fell swoop. And part of the restructuring will be to wipe out all the common shares of these companies to zip, nadda, gone... This is how they will take your retirement money. Not just through a market crash, but by bankruptcies at all levels of our society. The banks will do it. I don't know how this "idea" of a reset started, but it's absurd...The worst case scenario would be a devaluation of the dollar, and likely it would be 1/3 or around 30% There is no reset! If you make financial decisions based on bullshit, that's where you will end up, in shit... Where the heck have you been for the last year? Don’t you read the threads on this forum? Klaus Schwab is one of the elite running the World Economic Forum and they are advocating for The Great Reset. They aren’t just a think tank. They are run by the elite of this world so yes it is real and they will be implementing it soon. The Great Reset [link to www.youtube.com (secure)] COVID-19: The Great Reset [link to www.youtube.com (secure)] The World Economic Forum (You will own nothing and be a happy socialist) [link to www.weforum.org (secure)] Yes I read and it's bullshit... Bullshit that is being incorporated into laws and actions by governments the world over. |
BRIEF
User ID: 79662918 United States 08/18/2021 10:20 AM Report Abusive Post Report Copyright Violation | The only constant is change, but there will be no reset in the terms you are thinking about... Medicine in the US is basically socialized, or getting there fast... The online sales and technology is booming, and small business are being crushed, however, if you stay invested in all four categories of the economy, you will prosper... I never forgive and I never forget I am a licensed firearm holder. I will, under protection of law, use lethal force if attacked. |
BRIEF
User ID: 79662918 United States 08/18/2021 10:21 AM Report Abusive Post Report Copyright Violation | ... Quoting: BRIEF I don't know how this "idea" of a reset started, but it's absurd...The worst case scenario would be a devaluation of the dollar, and likely it would be 1/3 or around 30% There is no reset! If you make financial decisions based on bullshit, that's where you will end up, in shit... Where the heck have you been for the last year? Don’t you read the threads on this forum? Klaus Schwab is one of the elite running the World Economic Forum and they are advocating for The Great Reset. They aren’t just a think tank. They are run by the elite of this world so yes it is real and they will be implementing it soon. The Great Reset [link to www.youtube.com (secure)] COVID-19: The Great Reset [link to www.youtube.com (secure)] The World Economic Forum (You will own nothing and be a happy socialist) [link to www.weforum.org (secure)] Yes I read and it's bullshit... Bullshit that is being incorporated into laws and actions by governments the world over. Lets define terms. What is your estimation of a "reset"...Outline it for me... I never forgive and I never forget I am a licensed firearm holder. I will, under protection of law, use lethal force if attacked. |
Pervnoff
(OP) Follower of Yeshua User ID: 21637097 United States 08/18/2021 10:35 AM Report Abusive Post Report Copyright Violation | ... Quoting: Pervnoff Thanks Brief and everyone who's responded. Prior to making a move, would you put anything into fixed to avoid a potential downturn having to sell the 401(k)? Thanks! Pervnoff Fixed as an annuity or CD? NO No I meant basically a fixed money-market type feature of the 401(k) prior to having to move it. Thank you! Pervnoff no to that too...The reason you don't want to play peek-a-boo with your money is because you cannot time the market...No one knew that last year the market would sink 20% and then recover 65% by the end of the year, with a yield of 45%...We made 37%, because the DOW didn't di well, but it sure beats 12%!! Thanks! I figure if things really took a dump the fixed accounts wouldn't be worth anything either. Or, what happens in hyperinflation? Pervnoff |
BRIEF
User ID: 79662918 United States 08/18/2021 10:39 AM Report Abusive Post Report Copyright Violation | No I meant basically a fixed money-market type feature of the 401(k) prior to having to move it. Thank you! Pervnoff no to that too...The reason you don't want to play peek-a-boo with your money is because you cannot time the market...No one knew that last year the market would sink 20% and then recover 65% by the end of the year, with a yield of 45%...We made 37%, because the DOW didn't di well, but it sure beats 12%!! Thanks! I figure if things really took a dump the fixed accounts wouldn't be worth anything either. Or, what happens in hyperinflation? Pervnoff We stay invested in the market, in all categories which are: Growth, Growth and Income, Aggressive Growth, and International We beat inflation by not selling assets... I never forgive and I never forget I am a licensed firearm holder. I will, under protection of law, use lethal force if attacked. |
Fizarak
User ID: 79406230 United States 08/18/2021 11:01 AM Report Abusive Post Report Copyright Violation | ... Quoting: Ivermectin-Kills-Covid Where the heck have you been for the last year? Don’t you read the threads on this forum? Klaus Schwab is one of the elite running the World Economic Forum and they are advocating for The Great Reset. They aren’t just a think tank. They are run by the elite of this world so yes it is real and they will be implementing it soon. The Great Reset [link to www.youtube.com (secure)] COVID-19: The Great Reset [link to www.youtube.com (secure)] The World Economic Forum (You will own nothing and be a happy socialist) [link to www.weforum.org (secure)] Yes I read and it's bullshit... Bullshit that is being incorporated into laws and actions by governments the world over. Lets define terms. What is your estimation of a "reset"...Outline it for me... So you're saying it doesn't meet the definition of "reset" because those that are in power are still in power, they just are changing the rules of their power vs an actual new group being in charge? I think redefining the "social contract" counts as a reset. I think the fact they are calling this a Bretton Woods situations counts as a reset. I think that all the countries are acting in lockstep to "build back better" counts as a reset. I think the fact they are trying to work in what amounts to a social credit system to do what used to be every day activities counts as a reset. What part of the word "reset" do you have an issue with? Would you prefer we just call it flat out world-wide totalitarianism by a small group of billionaires and whoever their masters are? In any case they are seeking to change the way we all interact, move and live in the world. The game is the same (survive and thrive as much as possible), but the rules have changed and are changing (more so than any singular point in modern history). That is the "reset". ---- Not meaning to derail the topic of the thread. The options available will be different for everyone. Personally I'm trying my hand at stock/asset trading. Not for everyone of course. Not entirely sure it's going to work out, but I work in "healthcare" myself and the writing is on the wall there. |
BRIEF
User ID: 79662918 United States 08/18/2021 11:08 AM Report Abusive Post Report Copyright Violation | Bullshit that is being incorporated into laws and actions by governments the world over. Lets define terms. What is your estimation of a "reset"...Outline it for me... So you're saying it doesn't meet the definition of "reset" because those that are in power are still in power, they just are changing the rules of their power vs an actual new group being in charge? I think redefining the "social contract" counts as a reset. I think the fact they are calling this a Bretton Woods situations counts as a reset. I think that all the countries are acting in lockstep to "build back better" counts as a reset. I think the fact they are trying to work in what amounts to a social credit system to do what used to be every day activities counts as a reset. What part of the word "reset" do you have an issue with? Would you prefer we just call it flat out world-wide totalitarianism by a small group of billionaires and whoever their masters are? In any case they are seeking to change the way we all interact, move and live in the world. The game is the same (survive and thrive as much as possible), but the rules have changed and are changing (more so than any singular point in modern history). That is the "reset". ---- Not meaning to derail the topic of the thread. The options available will be different for everyone. Personally I'm trying my hand at stock/asset trading. Not for everyone of course. Not entirely sure it's going to work out, but I work in "healthcare" myself and the writing is on the wall there. Good, thank you...I don't necessarily disagree. What I have heard people say about a reset is the cancelation of debts, and a guaranteed livable income from the government, as in total welfare for anyone unemployed or under employed...Basically elimination of the poor, which is impossible... I never forgive and I never forget I am a licensed firearm holder. I will, under protection of law, use lethal force if attacked. |
BRIEF
User ID: 79662918 United States 08/18/2021 11:09 AM Report Abusive Post Report Copyright Violation | |
Ivermectin-Kills-Covid
User ID: 77996959 United States 08/18/2021 11:27 AM Report Abusive Post Report Copyright Violation | And, don't forget they think the dollar is going to collapse...Not going to happen... Quoting: BRIEF The dollar won’t collapse, it will disappear. The Great Reset is primarily a financial reset. New currency issued. The currencies that are under the control of the elite’s central banks will be withdrawn and new regional currencies issued at a lower value. This is necessary because the governments of the world have borrowed the money from these central banks at interest instead just printing it themselves. This has greatly devalued these currencies over the past century and a reset is needed to prevent hyperinflation and so they can start over again by continuing the same practice of lending money to the governments at interest. Asset grab from the middle class thru bankruptcies. There is a great deal of wealth held by the middle class in the form of property and market investments. Devaluing the currencies will be the excuse for banks to call in all their loans from individuals and corporations forcing foreclosures and bankruptcies like we have never seen before. An individual will not be allowed to claim bankruptcy and discard their debt; they will have to sign over their assets to the bank. Debt will not be forgiven during these bankruptcies. Spread the word, "Ivermectin Kills Covid" Let's make Ivermectin an Over-The-Counter drug so it can be taken at the first sign of any viral symptoms. FLCCC.NET for doctors working to find cures for Covid. . |
Gypo O'Leary
User ID: 78887641 United States 08/18/2021 11:31 AM Report Abusive Post Report Copyright Violation | I would move it all to bonds and when the market crashes, move it all back into a good mutual fund and blow up that 401k. That’s what I am doing. Quoting: Rick Deez Nuts Bonds decline in value when interest rates rise, and probably the single most obvious thing coming is a rise in interest rates. OP...I am probably taking Social Security next year. I lost my job right before the Pandemic, I was a little burnt out and didn't take a job. Got Severance pay and then unemployment....then the Pandemic came. I'm sitting on a little over 650K. I was in stocks/mutual funds. When Biden took over, I went to cash. I was expecting him to give a State of the Union speech and for him to tout tax increases and speding...and for the bottom to fall out. Now I'm stuck...the market it too high. Bonds are not a great bet because of coming interest rate hikes. My belief is that is you want an investment for the next year or two... REITs. when some moran tells you that Real Estate is going to collapse like it did in 2008..that is because he is young and ignorant. The same economic shit doesn't happen twice in a row and the inflation makes the economic landscape different. With a REIT...if the economy takes off (and more lockdowns might tamp that down..but sooner or later it has to happen) the REIT will work because of earned income. but...since the underlying security in a REIT is real property...with this inflation you can bet that the value of the underlying property will keep rising. A. Nonymous Coward |