Forum Replies Created
-
AuthorPosts
-
CoronitaParticipant[quote=AN][quote=flu][quote=AN]flu, I know you’re much more rational than this. Don’t talk like those crazy right wing nut jobs when Obama won in 2008. Everything will be just fine under either one of them. I am super grateful that we saw 2008 under Bush. There’s no way in hell I would be where I am today w/out that crash. So, if I’m lucky enough to see another 201k, that would be super awesome. Bring it on.[/quote]
Long term I know we will be fine.I am pivoting more towards for a “correction” right now than before, I really don’t want to live through another 8 years of recession with my money locked into stock on the wrong side of the fence. Over the next 8 years, I’ll have 1 kid going to college (with a major expense), I’ll almost be eligible to start receiving junk mail from AARP, and my reaction time will probably be so slow I probably won’t be able to tell the difference between a Cadillac versus a Porsche.
I just don’t see many positive events that could be driving the markets higher, especially with a Trump win, especially since it doesn’t seem like the markets like Trump. The markets seemed to have already factored in a Hillary win. VIX Volatility index went up, precious metals went up, and the major indexes did a reversal after news broke.
I don’t know, just seems “strange”. In a few days, we’ll find out….And if all is well, no harm in moving things back.[/quote]Why do you think time is different and if there is a recession that it will last 8 years? Even with the great recession, we’re better off today than in 2007. The market is a finical bunch. I wouldn’t put too much trust in their knee jerk reactions. Especially when we’re talking about something as long as 8 years. I would go all in if we have a pull back if Trump win. I would definitely sit in mostly cash by 11/7 though, just in case we get such a knee jerk sell off. That would be an awesome opportunity.[/quote]
the McCarthy era comes to mind.
8 years is a long time. We were lucky because the great recession didn’t impact high tech because for the most part most of the recovery and investments were in tech.
Remember the bush years? How did tech do then?
CoronitaParticipant[quote=harvey][quote=flu]Well, you might not be, but you are certainly helping enable a good percentage of them that are. Of course, if you’re white, it doesn’t matter since it won’t matter if people like that have power, because it won’t impact you. Lucky you. Some of the rest of us don’t have that luxury.[/quote]
Flu, I can tell you’re curious about what experiencing white privilege is like. You aren’t the first to wonder.
From the time when America (or at last SNL) was great:
http://www.nbc.com/saturday-night-live/video/white-like-me/n9308%5B/quote%5D
Well with all due respect, I think the idea of “white privilege” is overblown as media talks about it. But….
CoronitaParticipant[quote=La Jolla Renter][quote=FlyerInHi]Flu, I know that you support moderate Republicans on economic issue. But Republicans have for too long enabled the racist, xenophobic elements of the party. Is it any surprise that we see the extremists revealing themselves this year?[/quote]
FlyerInHI, roughly what percent of republicans do you consider racists? If you vote for Trump are you a racist?[/quote]
Well, you might not be, but you are certainly helping enable a good percentage of them that are. Of course, if you’re white, it doesn’t matter since it won’t matter if people like that have power, because it won’t impact you. Lucky you. Some of the rest of us don’t have that luxury.
CoronitaParticipant[quote=scaredyclassic]fyi aarp starts sending junk at age 50[/quote]
like I said, 8 years. two election cycle, or two summer olympics, or right about the time my kid goes to college.
CoronitaParticipant[quote=AN]flu, I know you’re much more rational than this. Don’t talk like those crazy right wing nut jobs when Obama won in 2008. Everything will be just fine under either one of them. I am super grateful that we saw 2008 under Bush. There’s no way in hell I would be where I am today w/out that crash. So, if I’m lucky enough to see another 201k, that would be super awesome. Bring it on.[/quote]
Long term I know we will be fine.I am pivoting more towards for a “correction” right now than before, I really don’t want to live through another 8 years of recession with my money locked into stock on the wrong side of the fence. Over the next 8 years, I’ll have 1 kid going to college (with a major expense), I’ll almost be eligible to start receiving junk mail from AARP, and my reaction time will probably be so slow I probably won’t be able to tell the difference between a Cadillac versus a Porsche.
I just don’t see many positive events that could be driving the markets higher, especially with a Trump win, especially since it doesn’t seem like the markets like Trump. The markets seemed to have already factored in a Hillary win. VIX Volatility index went up, precious metals went up, and the major indexes did a reversal after news broke.
I don’t know, just seems “strange”. In a few days, we’ll find out….And if all is well, no harm in moving things back.
CoronitaParticipantI guess for another reason why I dumped a lot of stock funds today. Capital gains taxes.
Although it is more than what it was under bush, it is still currently historically low.
The way I look at is if Hillary wins, chances are the Democrats will also sweep Congress. So capital gains taxes most likely would go up for most of us. So I might as well sell this year and lock on this year’s cap gains/dividend rates.
If trump wins, he also plans on raising cap gain taxes, though less. And there is also the possibility of him tanking the economy similar to BRExit. At that point, it won’t matter what the capital gains tax rate is if your 401k looks like a 201k like it did under Bush, so to speak.
CoronitaParticipantI’m going to look into real estate in Canada. You know, in case Trump wins and he and his followers want to deport me, because you know, I’m stealing one of their jobs 🙁
CoronitaParticipantI think conservatively, I have about $50k/year in cash flow from rentals (all but one are free and clear).
My original goal was to have about $80k/year by 2016, with an annual of 1 new property per year generating an additional $12k/year.
Unfortunately, it didn’t happen and I’m about 3-4 years behind. Wish I started earlier. Time like this I wish I was only 1/3 dependent on a “job”… Oh well.
I’m staying away from bonds…. It seems like international bonds have been cratering. So have REITs.
CoronitaParticipant[quote=spdrun]Investigations are bureaucratic, slow things. Do you think they’ll have some Earth-shaking answer in 11 days? If she wins, then gets arrested, Tim Kaine will be our next President.[/quote]
No, I don’t. But now the issue is going to be on people’s mind for the next 11 days, you can’t say that might not affect some people’s decisions over the next 11 days.
Uncertainty is bad, right before the elections.CoronitaParticipantLol. Basically, people are inherently selfish and only think about their best interest in mind.
Of course folks with government pensions don’t want their gravy train to stop. It’s “unfair” to change it. And of course people that don’t have pensions don’t mind seeing them cut.
And of course people with rental properties do not want prop 13 repealed. Of course folks without rental properties want to eliminate prop 13 so people with rental properties can pay for the pension gravy train.
There’s no point in discussing what “should be done”. What “should be done” is what would benefit you the most and screw over anyone else if necessary, and that depends on what position/situation you are in. So there’s no point arguing this. Everyone wants to keep their gravy train intact.
Just like for me, I’ve realized obamacare is a great thing. It means a lot of you healthy people (even those on fixed income) will end up having to pay for much higher premiums for “their fair share” into a healthcare system so that people like me that was born with less than desirable health can eventually qualify to buy health insurance to pay for my $40-50k/year medical expenses that insurance ends up paying for…every year….
Get other people to pay more than you for things. It’s the american way. I finally get it.
CoronitaParticipantLol. THANK YOU EVERYONE for finally getting phaster off my back about pensions and CA muni bonds. Please carry on, I don’t give a flying f about this.
For the record, I just completely sold of my Vanguard CA bond position that I’ve had and moved it into cash + other shorter term bonds. It’s not that I feel CA bonds are in immediate danger of defaulting…It’s just that I think rates are gonna go up by next year and I think we can find better returns very soon.
October 24, 2016 at 9:35 PM in reply to: OT: I really wish Google Fiber would be in San Diego #802609CoronitaParticipant[quote=moneymaker]flu I’m surprised you haven’t mentioned Qualcomm’s 5G over cellular, suppose to give 1G over the air, coming in 2018.[/quote]
The problem with anything over the air is that unless it’s run by a carrier like Sprint or T-Mobile, or one of their subsidiaries, the companies that provide 5G will be the same ones that provide landline broadband. So there would be no competition between 5G and landline broadband.
Look no further than ATT and Verizon.
October 24, 2016 at 4:03 PM in reply to: OT: I really wish Google Fiber would be in San Diego #802596CoronitaParticipant[quote=FlyerInHi]TWC in SD was 2/1 for $15. Upped to 3/1. Too slow for streaming.
Next level 10/1 is $30.Cox has even less competition in Vegas so prices are higher. But they do provide gigabit speeds in new neighborhoods.
4K TV is nice even without content. I will get an ultra slim one. TVs are getting so big now that you need a whole wall. People who have nooks or above fireplace TVs will need to remodel.[/quote]
10/1 is actually $40 now…. That’s what the renewal price is.
ATT uverse is now $30 for 6/1, BUT they make you pay a $100 install charge and $10/month wifi gateway.
What Comcast did was actually make the cable modem free to rent. BUT, they bumped up the service price by $10/month.. If you have a cable modem (like I do), they won’t credit you for the $10/month like TW did.
Nice.
Oh well.October 24, 2016 at 4:01 PM in reply to: OT: I really wish Google Fiber would be in San Diego #802594CoronitaParticipant[quote=millennial][quote=no_such_reality][quote=flu]We really need ISP competition in san diego.
Now, the only real choices is between ATT and cable companies.
That is all.[/quote]
Um, didn’t the news just announce the “mega-merger” AT&T buyout of Time Warner.[/quote]
I thought that was for the TW cable company, which is separate from their Ethernet (which is now Spectrum).
BTW, just switched over to Spectrum from ATT and am very happy. I have download speeds of up to 100 MBPS (recent clock test was 60 MBPS) for only $39.99. No contracts and cable box rental fee are required.
Only downside from ATT is due to the drag wireless has on the download speeds. I’m not sure if this is because it’s cable vs. dsl. Either way, wasn’t affected since my home has DSL ports installed in most rooms which go to my main hub downstairs.[/quote]
No. TimeWarner cable was actually sold to Comcast.
TimeWarner (now just an entertainment company mostly that owns CNN,HBO,etc) is now acquired by ATT.
This is a stupid deal, imho. it’s going to sink my ATT and TW stock I think….
This is almost as bad as the AOL-TimeWarner acquisition, just Version 2.0beta. -
AuthorPosts
