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Stock Thread 2018

Blankpage said:
BAck in 2007 Schiff was predicting sky high interest rates, $5000/oz gold, DOW at less than 2000.
How do you suppose anyone would feel now had they acted on those predictions from 12 years ago?
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He was basing his predictions on a fundamental analysis of the American economy, not on short-term technical indicators. Investors who bought gold for a short to mid-term profit don’t understand the reason for holding gold in the first place. Funny you don't mention that he was recommending gold to his clients when it was below $300/oz...

Truth is, no one could have predicted the absurd lengths our Govt would go to bail out the too-big-to-jail banksters and artificially prop up these sickly, corrupt markets and economy. Had our Govt done the "right" things, Peter's predictions would have manifest.

Again, it's his macro view that should be respected and heeded. The bust is overdue. As for micro-economic forecasting, it is best left to fortune tellers and palm readers.
 
redruM said:
Truth is, no one could have predicted the absurd lengths our Govt would go to bail out the too-big-to-jail banksters and artificially prop up these sickly, corrupt markets and economy. Had our Govt done the "right" things, Peter's predictions would have manifest.
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Yeah there's some truth to that
 
I don't take anyone seriously who tries to instill fear in their audience, anyone with some degree of shock factor


I draw the line on the inverted yield curve though. I would take it seriously that a recession could possibly take place, but then again with an inverted yield curve, you cannot predict if the recession will happen anytime soon or later ...
 
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I went to a Schwab branch last week, hoping to get some face-time with a real person at a desk to help me open a Roth IRA account. Times have changed. Upon walking into the branch at the corner of Post and Kearny Streets, I felt like I walked into a luxury hotel lobby, with high ceilings, leather sofas, lots of unused space and the reception desk was manned by just 2 employees.


I stated my purpose and was told I could only open the account online. I was handed a laptop to start and complete the online forms. The gal at the front desk said they're there to answer any questions. :wow


I've always wanted a Roth IRA account but didn't get a chance until now to open one. I have heard that there is a possibility that it might be phased out at some point, but until that time comes, I will use it as a savings account to sock money away and also have the liquidity on the principal portion if one of those life inconveniences called "an emergency" comes up.
 
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Getting rid of the Roth would be so fucked up. They should be raising the limit so more people can qualify.
Phasing out the Roth, phasing out SS, phasing out health insurance. How long before there's caravans of Americans trying to leave the US.
 
First time I heard about it.
I haven't been to a in a bank in years. Pretty much everything is online now. I have rorh with vanguard. Basically started to contribute to 401k, and converting straight away in to Roth.

By the way they are raising limits by $500 for 401k and IRAs.
 
AwakeNAlive said:
I went to a Schwab branch last week, hoping to get some face-time with a real person at a desk to help me open a Roth IRA account. Times have changed. Upon walking into the branch at the corner of Post and Kearny Streets, I felt like I walked into a luxury hotel lobby, with high ceilings, leather sofas, lots of unused space and the reception desk was manned by just 2 employees.


I stated my purpose and was told I could only open the account online. I was handed a laptop to start and complete the online forms. The gal at the front desk said they're there to answer any questions. :wow


I've always wanted a Roth IRA account but didn't get a chance until now to open one. I have heard that there is a possibility that it might be phased out at some point, but until that time comes, I will use it as a savings account to sock money away and also have the liquidity on the principal portion if one of those life inconveniences called "an emergency" comes up.
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I can't encourage you strongly enough to put every penny you can into a Roth. At 72, I am still funding one. (Converting from a regular IRA.)
 
AwakeNAlive said:
I don't take anyone seriously who tries to instill fear in their audience, anyone with some degree of shock factor
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You've just defined the whole of mainstream media.

Positive thinking has its situational merits. But I'm against Positive Philosophy. I'm also against Negative Philosophy. Both choose exactly half of reality while ignoring the other.

Embracing both the positive and the negative is, in my opinion, the only way to pure consciousness.
 
redruM said:
No, I referred to it as the housing/mortgage bubble. That was not the bust - it was a pre-cursor. The coming bust will be the sequel to 08-09... and like all sequels, it's going to be far worse.
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Yes, the world is coming to an end. The sky is falling. Unfortunately, it's dark out so most of us can't see it. You have the special glasses. Not fair. :cool
 
Yakoo752 said:
this, $199 for couples is complete bullshit here in the Bay Area.
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We're not up against the income cap (also not in the Bay Area) but with the 401(k) maxed out, it's time to start putting some $$$ into the IRA's. Looks like contribution limits are $5500/$6500, so that's $12k per year we should probably find in the budget for the future.
 
afm199 said:
Yes, the world is coming to an end. The sky is falling. Unfortunately, it's dark out so most of us can't see it. You have the special glasses. Not fair. :cool
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Heh, well one of us is wearing the special glasses - but it's not me...

AFM.jpg


:teeth
 
afm199 does not come across as someone wearing rose colored glasses, he comes across a realist. does what works for him, never encourages anyone to do anything that they are uncomfortable with, encourages doing your own research.


he shares what he regrets doing (like not putting enough into Roth IRAs) and shares sound advice. i began noticing his posts in the equifax breach data thread and have paid attention to what he has to say since ... the shades on his dog are just perfect, btw!
 
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:laughing knew you'd appreciate it ;)


AwakeNAlive said:
afm199 does not come across as someone wearing rose colored glasses, he comes across a realist. does what works for him, never encourages anyone to do anything that they are uncomfortable with, encourages doing your own research.
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Agreed. He views the world with rose colored lenses about as much as I believe the world is gonna end. Just thought I'd meet extreme with extreme.

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Regarding IRAs and 401ks (and I've said it before): folks would be well-served to ramp up their knowledge of these markets and take their financial futures into their own hands by opting for a Self-Directed IRA or 401k. The vast majority of employer-sponsored plans offer a limited number of mutual funds by default - and they are often mediocre performers with too much exposure to high-risk sectors (like banks, for one).

Turning one's plan into a Self-Directed account gives you infinitely more latitude to choose precisely where you want to put your contributed funds. Any mutual fund (there are thousands, not just the 2-3 dozen you are given in a typical plan). Any stock. Precious metal and other commodity-based vehicles. And in any market (not just the US). It's actually fun & rewarding to do your own research and make your own picks. And nowhere near as difficult or scary as some make it out to be.

Anyone and everyone should be able to request this of their plan administrator.
 
Do you have experience buying gold ETFs? Do you recommend them?

I was going to ask you where you hide all your gold bars also, but I didn't want to put you on the spot ;)
 
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