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#211
10-20-2018, 12:23 PM
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Personal Responsibility
I agree on the personal responsibility and education fronts. Yes, even the masses can benefit from the market. If you start saving when you start working, at the end the results can be quite amazing.
The fact that the average 401k balance is low isn't because the program is faulty or that the market is infair, it's because people started late and/or didn't put in enough. Sans life events that can bring anyone of us down we all make choices. I maxed out with my 401k contributions early on in life, even when it hurt, even recently when my wife was out of work for over a year. She's working now but no vacation this year as we recover, sacrifices, choices made. During our marriage there were a few times she made more but I have more saved for the pair by far even outside of our 401k accounts. Given the same resources people will make choices and have to live with the results. Some people are fat for genetic reasons, health issues, poor food source opportunities and such and some just eat too much. If you're not blighted with health or environmental setbacks and do things to stay healthy through grit and sacrifice you can be fit. And so it is with money. I work with people who have been in employ as long as me and yet have next to nothing set aside for retirement. It has nothing to do with trickle down or market fairness. I'll make twice as much in retirement as I make today by going with all stock in index funds since I started(that allocation ratio will change in a few years). Personal responsibility and education. But even with that people will get fat, not save, do drugs, drink too much, etc... we all make choices. My heart goes out to those befallen to illness, nasty divorce and accidents. Anything can happen to any of us but you put the work in and the money in first and foremost. Last edited by Burnette; 10-20-2018 at 12:26 PM. 
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#213
10-23-2018, 11:34 AM
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Yet another classic overreaction that will cause some folks to panic and sell when nothing has actually changed in the world in the past month.
Those wise enough to have some money set aside for times like these will profit in the long run. Others who overreacted and knee-jerked will lose long-term once again. Big earnings week coming up, sit tight and enjoy the ride. FB looks like a prime-time buy ahead of 10/30 earnings at Market Close.
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#216
10-23-2018, 12:17 PM
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Quote:
__________________
And we have just one world, But we live in different ones
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#217
10-23-2018, 12:24 PM
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No new elected officials, no major trade laws or changes, no new wars, no change in employment rates, no major changes in fed rates present or future,
People are still watching TV, using their cell phones, buying groceries, paying mortgages, borrowing money and going to work. Last edited by kppolich; 10-23-2018 at 12:56 PM.
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#220
10-23-2018, 01:11 PM
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Quote:
__________________
Chisholm's Custom Wheels Qui Si Parla Campagnolo
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#221
10-23-2018, 01:12 PM
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Quote:
__________________
And we have just one world, But we live in different ones
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#222
10-23-2018, 01:14 PM
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Quote:
 and I haven’t yet called greenbacks, ‘frns’.
__________________
Chisholm's Custom Wheels Qui Si Parla Campagnolo
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#224
10-23-2018, 03:28 PM
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Quote:
 BUMP post today was an overreaction, just like every headline you read on MSN, CNN, Yahoo Finance today about 'Global Stocks Tumbling'. They want your clicks, and they probably got them.
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#225
10-23-2018, 03:40 PM
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Quote:
i have not rebalanced or sold, and when the time comes, I'll "buy the dip"
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| Tags |
| economy, freemoneyhouse, stonks, vertdoug for fed chair, wealth, yen carry trade |
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