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Posted
4 hours ago, impulse said:

 

89% of the value of stocks is owned by 10%.  They may have a 401K, but it'll be decades before they cash in.  After working about 10 years, I moved over my retirement account when I changed companies.  It was worth a few thousand $$$  (that was the '80s)  Chump change.

 

https://www.cnbc.com/2021/10/18/the-wealthiest-10percent-of-americans-own-a-record-89percent-of-all-us-stocks.html#:~:text=The wealthiest 10% of American households now own,to the latest data from the Federal Reserve.

 

The people I worry about are the starter families that don't have a portfolio or home equity and probably never will.  The ones being crushed by high prices and credit card debt.  The ones that aren't financially comfortable enough to have kids...

 

Inflation may have been tamed, but the new normal is killing ordinary families.

 

$1,000 invested in an S & P 500 index fund in 1985 would be worth about $45k today. 

 

If in addition to the initial $1,000 investment, you invested $100 per month, the value today would be about $600k.

  • Agree 1
Posted
17 minutes ago, simple1 said:

 

Happened during trump administration as well, I guess same as Biden, panic buying

 

https://www.usatoday.com/story/news/factcheck/2022/08/02/fact-check-there-were-shortages-when-trump-president/10204437002/


Prefer what “We The People “ experienced in real life.

 

I never experienced toilet paper shortages or any during Trump.  Did you? Honestly.

 

Any liberal reporter can submit their version of what happened.

 

Just like all the fake reporting during the election by leftist.

 

We The People proved them wrong.

  • Thanks 2
Posted
1 hour ago, Jingthing said:

Yep and now they seem to be demanding that we lick his feet just because he was elected.  That's often how dictatorships start.


Oh dear!  How kinky.

 

Continue with your gutter talk.

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Posted (edited)
38 minutes ago, mogandave said:

$1,000 invested in an S & P 500 index fund in 1985 would be worth about $45k today. 

 

I'm a big fan of the compounding power of time, and of the 401K.  In fact, the reason my retirement account was so small after 10 years is that the company plan was much more generous, the more years you had.  Early company contributions were paltry.  That was great before the banksters took over, when we hadn't had a layoff in 30 years.  It didn't work when layoffs started coming every few years.  That all changed when they went to a 401K program where everyone's contributions were treated the same.  So I'm a huge fan of that.

 

But looking at 401K results has a whiff of "I'm all right Jack" when kids starting out today have no money left over after rent and groceries to even put $100 a month into a 401K, and risk get laid off often enough that they have to raid their 401K every few years (at a significant penalty).  Great for us old farts who've already made our nugget and live off the interest, sure. 

 

In fact, I'd do fine even under a Dem administration, no matter how much they give away to buy votes.  But my nieces and nephews and their kids?  I fear for them.  (At least I fear for the ones that aren't in the oil business.  They're all zillionaires).  The teachers and nurses and the other ones, I worry about.

 

Edited by impulse
Posted
3 hours ago, G_Money said:

Sore winners?  LOL

 

But please do continue making a fool of yourself.

 

We expect it from you.

 

Who’s your daddy now?  Come on, say his name.

 

 

IMG_4696.jpeg

 

That are the USA:

instead of staying in the prison (as a reeal criminal), you have the chance to be the POTUS!

 

Next step in 4 years:  to be chosen as a POTUS you must improve that you are a criminal, otherwise no chance.

 

  • Sad 2
Posted
7 minutes ago, BangkokReady said:

 

Rational person: "Actually, Trump isn't a fascist."

 

Jingthing: "See?!!  They want us to lick his feet!!!"

 

I don't think Jingthing is coping well with the situation...  😬

 

Wait till 2028 when all of the things they said are finally put to rest and their whole worldview comes crashing down. Not that it hasn't been crushed already. 

Posted
4 minutes ago, puck2 said:

 

That are the USA:

instead of staying in the prison (as a reeal criminal), you have the chance to be the POTUS!

 

Next step in 4 years:  to be chosen as a POTUS you must improve that you are a criminal, otherwise no chance.

 


Whatever you say!  Whatever you say!  Whatever you say!

 

As I slowly walk away yet keeping my eyes on you at all times.

  • Haha 2
Posted
21 hours ago, Patong2021 said:

The reality is that inflation had been tamed, the economy was stronger and getting stronger and interest rates were decreasing.

If  Americans are expecting an economic miracle, they are in for a rude awakening. 

 

Yes inflation has stabilized but this isn't reflected at the checkout or when filling up your car aka the hip pocket.

Posted
20 hours ago, Patong2021 said:

 

The majority of Americans  do not invest in the Stock market and will not share in the profits. They don't even benefit from the increased returns pension and retirement funds  receive since many are living paycheck to paycheck. What matters to them is the cost of rent, of housing or medical care, of food, of transportation  etc.

 

Yep and this is why the Dems were comprehensive handed an absolute walloping at the ballot box.  

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Posted
1 hour ago, transam said:

Farage...........?   😁

 

That's a surprise from you Transman. big yawn. :coffee1:

  • Haha 2
Posted (edited)
2 hours ago, Jingthing said:

Well you might start to worry about social security being cut fairly soon if he keeps his promises.

Elon wants to cut $2 trillion - US retirees living abroad - looks like low hanging fruit to me. Just look at frozen Uk pensions.

 

From Gemini ;

 

The exact number of votes cast by US expats abroad in a specific election isn't immediately available. However, we can provide some information:

    Eligible Voters: There are approximately 2.8 million eligible US citizens living abroad.
    Historical Turnout: Historically, turnout among US expats has been relatively low. For example, in the 2016 presidential election, only about 7.8% of eligible expats cast their votes.
    Increasing Awareness: Efforts are being made to increase voter turnout among US expats, and it's possible that the number of votes cast could increase in future elections.

To get a more accurate picture of the number of votes cast by US expats in a specific election, you would need to wait for official election results to be released.

Edited by beautifulthailand99
  • Thumbs Up 1
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Posted
6 minutes ago, novacova said:

Social security won’t be cut. And when you get the bonus of not having to pay taxes on ssi you’ll unadmittedly be grateful toward Trump 

You don't pay attention. 

 

Blind belief in dear leader isn't compatible with looking at facts and reality I suppose.

 

 

https://fortune.com/2024/10/21/trump-tax-plan-would-see-social-security-benefits-cut-by-1-3-watchdog-says/

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Posted

In response to the usual characters on here attaching the usual laughing emojis to my previous post.

Former President Donald Trump’s projected win will get him out of at least some of his criminal charges, as his ascension to the White House makes it all but certain the two pending federal criminal cases against him will be dropped

https://www.forbes.com/sites/alisondurkee/2024/11/06/trump-sprung-heres-why-and-when-his-criminal-cases-will-get-dropped-or-delayed/

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