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sdrealtor.
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November 5, 2020 at 7:53 AM #820099November 5, 2020 at 8:04 AM #820100
CoronitaParticipant[quote=The-Shoveler]May be this is one of the sell the news moments.
Just when everything seems resolved POW!! LOL.
Who knows stock market seems overpriced to me but what do I know.What amazes me is how evenly divided between the two extremes the country is.
The difference in the popular vote for prez is only a few percent.
House Majority control is likely going to come down to maybe 5 or 10 seats.
IMO One party or the other tries to pass some extreme law or something I feel the country could truly tear itself apart.
Anyway just IMO.Even California is a lot more evenly divided than you would think it is.[/quote]
California is fvcked up with the supermajority. It will get a lot worse before it gets better imho.
November 5, 2020 at 11:05 AM #820101The-Shoveler
ParticipantEvery once in a while someone puts up a plan to split CA.
One day I think it will succeed.Here is one from OR as well.
“Greater Idaho”
long-term plan to add rural counties from Oregon, northern California and even Nevada to a “Greater Idaho” that would better represent the regions’ conservative interests.https://www.yahoo.com/news/tired-blue-state-life-rural-233013516.html
November 5, 2020 at 11:13 AM #820102spdrun
Participant“Greater Idaho” sounds like the old plan for a “Deseret Republic” Mormon superstate, except further north.
November 5, 2020 at 11:25 AM #820103sdrealtor
Participant[quote=Coronita]I don’t know but it seems like the markets have more room to run…
Wasn’t one concern was an all blue congress and presidency would mean massive capital gains tax hikes?
It seems like that is going to be unlikely for the next 4 years. The blue wave didn’t happen.
GOP will still hold on to senate
Democrats hold onto House, and lost a few seats so there is more of a balance
Even if Biden/Harris wins, which personally I’m hopeful for versus the Asshole Crybaby In Chief, it appears there’s a limit on what tax increases he can do with a stalemated federal government. That should be good news for us, right?[/quote]
The only wave I have seen this week is a Green Wave in my Schwab account
November 5, 2020 at 11:41 AM #820104an
Participant[quote=The-Shoveler]Every once in a while someone puts up a plan to split CA.
One day I think it will succeed.Here is one from OR as well.
“Greater Idaho”
long-term plan to add rural counties from Oregon, northern California and even Nevada to a “Greater Idaho” that would better represent the regions’ conservative interests.https://www.yahoo.com/news/tired-blue-state-life-rural-233013516.html%5B/quote%5D
Now that SD city is supermajority Democrat, SD county is blue, OC is blue, even Fresno is blue. I’m pretty sure a lot of Republican have moved out of state. So, there will be no point in splitting CA anymore. There’s also no excuses and Democrats can no longer blame Republicans for not being able to get things pass. It’ll be an interesting time.November 5, 2020 at 11:42 AM #820105Participant[quote=sdrealtor][quote=Coronita]I don’t know but it seems like the markets have more room to run…
Wasn’t one concern was an all blue congress and presidency would mean massive capital gains tax hikes?
It seems like that is going to be unlikely for the next 4 years. The blue wave didn’t happen.
GOP will still hold on to senate
Democrats hold onto House, and lost a few seats so there is more of a balance
Even if Biden/Harris wins, which personally I’m hopeful for versus the Asshole Crybaby In Chief, it appears there’s a limit on what tax increases he can do with a stalemated federal government. That should be good news for us, right?[/quote]
The only wave I have seen this week is a Green Wave in my Schwab account[/quote]
Hell yeah, the last two days have been AWESOME!!!!November 5, 2020 at 2:09 PM #820106CoronitaParticipant[quote=an][quote=sdrealtor][quote=Coronita]I don’t know but it seems like the markets have more room to run…
Wasn’t one concern was an all blue congress and presidency would mean massive capital gains tax hikes?
It seems like that is going to be unlikely for the next 4 years. The blue wave didn’t happen.
GOP will still hold on to senate
Democrats hold onto House, and lost a few seats so there is more of a balance
Even if Biden/Harris wins, which personally I’m hopeful for versus the Asshole Crybaby In Chief, it appears there’s a limit on what tax increases he can do with a stalemated federal government. That should be good news for us, right?[/quote]
The only wave I have seen this week is a Green Wave in my Schwab account[/quote]
Hell yeah, the last two days have been AWESOME!!!![/quote]Lol
Qualcomm 13%
I totally mishandled my trading account. My kid’s 529 did better than my trading account this week…
It was also very painful to write all my property tax payments this week…
November 5, 2020 at 2:23 PM #820107Participant[quote=Coronita]
LolQualcomm 13%
I totally mishandled my trading account. My kid’s 529 did better than my trading account this week…
It was also very painful to write all my property tax payments this week…[/quote]
This is why I favor impound account now. Just one less thing to worry about and feel less painful when payment is divided by 12.November 5, 2020 at 3:01 PM #820108plm
ParticipantBetter not to have an impound account. Then you can control your income better. For example, I’ll probably make less money next year so I will pay both installments this year for my rental to reduce my rental income this year and have more rental income next year.
But wow for the stock market. Thought being a long term holder could be a mistake when the tech stocks took a dive last couple of months but to come back in just 2 days. Wow! Glad I’m a long term holder, taxes will be crazy high otherwise.
November 5, 2020 at 4:14 PM #820109CoronitaParticipantno mortgage, no impound account option….
November 6, 2020 at 5:38 AM #820112
svelteParticipant[quote=plm]But wow for the stock market. Thought being a long term holder could be a mistake when the tech stocks took a dive last couple of months but to come back in just 2 days. Wow! [/quote]
It is amazing.
Thought it has confused me for years, I think I finally have a good theory as to why the stock market seems to rise right after a prez election, whether a dem or rep wins.
The uncertainty has been removed – stock buyers can theorize on which types of stocks will rise under the new administration and they get right to the task of buying those types of stocks.
November 6, 2020 at 7:12 AM #820113svelteParticipant[quote=sdrealtor]But timing is everything. There will always be cycles and making your timing bets correctly is what determines winners and losers. In 2003 it was obvious we were in a housing bubble but the biggest gains came after in 04/05.If you sold a year or two early you missed out big time[/quote]
Yep.
Simply saying that the stock market is gonna crash really isn’t a prediction. If you look back over 100 years, there have been many spikes up and spikes down. We all know that it will happen again.
To really be making an insightful prediction, one would need to add a time frame “in the next 6 months…”
November 6, 2020 at 10:43 AM #820114sdduuuude
ParticipantI have a new theory. Some day I will test it.
Once two smart people that I know say “sell” and/or “we are in a bubble” then the top of that market is 1 to 2 years off.
November 6, 2020 at 1:03 PM #820115Participant[quote=sdrealtor][quote=sdrealtor]Dow up about 10% since this post. Nasdaq up closer to 20%. Like the say. Don’t drink the water in Mexico. Glad I didn’t
YTD trading portfolio not as good as Coronita. Up 30%.
YTD long term conservative dividend/total return portfolio. Up 8%[/quote]YTD trading portfolio up 37%.
YTD long term conservative dividend/total return portfolio. Up 11%.
YTD combined up 16%[/quote]Profit taking Friday post election.
Back to about 40% cash in my discretionary trading funds.YTD trading portfolio up 45%.
YTD long term conservative dividend/total return portfolio. Up 9.5%.
YTD combined up 16.5%Will wait for next big swing I think I can exploit with that trading cash.
Also need to give that long term account a little attention and not be so hands off. There are a bunch of things I wanted to get rid of that I should have. Stocks that pay nice dividends but go nowhere or down so dont meet my total return needs. Nothing major, just some dogs that need to go out for a walk and not come back
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