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  #11  
Old 12-29-2018, 07:32 PM
tophcfa tophcfa is offline
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Has anyone read the book "The Aftershock Investor" by Wiedemer and Spitzer? A very good book to read if you are concerned about your investments. As a retired investment professional, I can only find very little with the author's premises to argue with. Since the latest version of the book was written, their theories have only been enforced, and the bubbles have grown much larger and more dangerous. Our growing national debt is the most toxic bubble imaginable, and in my opinion will ultimately be the downfall of our great nation as we know it (see Greece). Our personal financial position is fortunate as we project that we can live a modest life until we are very old on our savings without any investment income besides modest interest. Therefore, we do not own any stocks and are insulated from the possible future market meltdown. We have our money in safe money market accounts, tax free municipal bonds bought a long time ago with good interest rates, and gold. I feel very compassionate for those who rely on future stock market growth as their primary source of retirement security as there is no security in hoping an inflated market will bail them out. I sincerely hope that I am wrong, but I would not bet our retirement security on it!

  #12  
Old 12-29-2018, 07:46 PM
Bucco Bucco is offline
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Quote:
Originally Posted by Kenswing View Post
I'm not going to bite except to say markets go up. Markets go down. Adjust your portfolio according to your perceived risk.
Sorry you mentioned "biting" and I do understand what you meant, but I also assure that it was not a "lead in"

My limited experience tells me that stability in all areas is vital to a strong market.

I see no stability in our future.
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  #13  
Old 12-29-2018, 08:44 PM
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dewilson58 dewilson58 is online now
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Future looks great, history was great.




If you can't handle the heat, get out.
  #14  
Old 12-29-2018, 10:07 PM
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ColdNoMore ColdNoMore is offline
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Quote:
Originally Posted by dewilson58 View Post
Future looks great, history was great.

Absent something spectacular happening on Monday (in either direction), the DOW will be down almost 10%...for the entire year of 2018.


Since it will be my children who will ultimately reap the benefits, I think they will appreciate me being a believer...of the Oracle of Omaha.
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  #15  
Old 12-29-2018, 10:27 PM
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manaboutown manaboutown is online now
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World wide markets are softening. After all it has been a record breaking bull market. It may or may not be time for a cool down.
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  #16  
Old 12-29-2018, 11:23 PM
retiredguy123 retiredguy123 is online now
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If you are worried about the stock market now, you have not been adequately conservative or diversitified. 30 percent stocks, 30 percent bonds, 40 percent cash, regardless of your age. If you have done that forever, you would be way ahead and not be worried at all.
  #17  
Old 12-30-2018, 03:58 AM
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Rocking chair quarterbacks!! OOPS wrong chair.
Rocking chair Financial Advisors.
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  #18  
Old 12-30-2018, 09:23 PM
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Topspinmo Topspinmo is offline
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No worry for me, I got out of the Ponzi scheme long ago. Wall Streeter’s inside trader’s will use any excuse to cause market to drop, then they can buy low and all us suckers caught in down side.
  #19  
Old 12-30-2018, 11:20 PM
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Quote:
Originally Posted by ColdNoMore View Post
Absent something spectacular happening on Monday (in either direction), the DOW will be down almost 10%...for the entire year of 2018.


Since it will be my children who will ultimately reap the benefits, I think they will appreciate me being a believer...of the Oracle of Omaha.
You mean the tax cheat that pays less taxes than his secretary
  #20  
Old 12-31-2018, 06:28 AM
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ColdNoMore ColdNoMore is offline
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Quote:
Originally Posted by Topspinmo View Post
You mean the tax cheat that pays less taxes than his secretary.
Not only is your statement false (he pays a LOT more money in taxes), methinks you need to educate yourself on the difference between a tax "cheat/evasion"...and tax "avoidance."

Hint: One is illegal...the other very legal.

Buffett has stated for years, that he doesn't think it's right that his tax rate (NOT taxes paid, as in your statement)...is lower than his secretary's.

In fact...

Warren Buffett on Tax Reform -- The Motley Fool

Quote:
But don't expect the tax cuts to benefit everyday Americans

While Buffett acknowledges that Berkshire's bottom line will be helped by the new tax law, and he predicts the stock market is likely to rise, that doesn't mean he thinks the GOP's tax-reform bill is in the best interest of the American public.

Buffett recently wrote an article for Time magazine in which he explained why trickle-down economics doesn't really work.

However, Buffett points out that historically, trickle-down economics hasn't had the promised effect.

It may surprise you to learn that Buffett thinks the rich, for the most part, don't pay enough taxes.
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