Worst case they will get more healthy by losing weight.
But in all seriousness, every day of your life there will be something scary in the news to increase news media ratings
Investing Strategies. What is your move?
- Thread starter PimTac
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But in all seriousness, every day of your life there will be something scary in the news to increase news media ratings
That second story is about the UK, this is a global issue which is going to make it even worse.
Foreign withholding taxes are just something to be managed.
This is my experience with US withholding taxes.
- There are forms to fill which reduce the withholding taxes - by 50% for US dividend income in my case.
- When you fill out your income tax forms you declare your foreign income and the foreign tax paid. Assuming your government has a tax treaty with that foreign government (and Canada does with the US) the foreign tax paid is transferred onto your domestic taxes.
Did you know the Fed is suppose to raise interest rates by 3% points this year and have only raised them .75% so far.
Zee09
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I am getting some great deals at Wally World...they are giving me better deals than Amazon and the new WM+ is working well for me too.
When the economy gets bad WM is the go to place for many. The last month I have been using its online services almost daily.
“suppose”
But then again I’m someone who never thought rates should’ve been as low as they have been.
We’re all living in a fairytale thinking things were ever good when the Federal Reserve made itself the largest home mortgage holder in the country the past several years.
But I could care less, I haven’t cared for the monetary policies of the fed since the last major downturn starting around 2008.
Let the chips fall where they may it’s all a house of cards that the American people built and this is why I’ve gone conservative with companies that make money with relatively OK Price earnings ratios.
Sure would be nice to hit it big but I have enough money and set guaranteed investment income to comfortably live my life for the rest of my life and why I shy away from spec companies with questionable outcomes like Tesla even though I like the CEO it’s a pure spec play as far as it’s future but because of that the rewards can be huge or you could be depressed if you bought in when the stock price was 100% higher then it is today.
We are in a post Covid recovery with an anti energy administration. Will be interesting how it’s handled.
Yes if you remember in the heat of Covid WMT did very well too.
It will again
They might have to stop raising rates if things start to crash.
We now know things backfired due to all that cash handed out like Halloween candy, people forced to stay home and not have to pay their bills.
If millions of foreclosures are allowed to happen things will blow up.
Fed Chairman Powell seems to be the timid type. Not the kind of person you want in that position.
Imagine having a timid doctor? Getting a shot in the rump would be torture. Just get the needle started and then advance it ⅛ of a inch at a time then slowly injecting the drug over a long period.
Then comes the prostate exam.
Imagine having a timid doctor? Getting a shot in the rump would be torture. Just get the needle started and then advance it ⅛ of a inch at a time then slowly injecting the drug over a long period.
Then comes the prostate exam.
Geez, you guys keep edging towards politics. I enjoy this thread and hope it keeps going.
Investments: I'm 1 to 2 years out from retirement (my choice) and this all throws some kinks in my plans A through C (D is to move in with Yah Ta Hey, live under his overhang). My current losses are minimal because I'm in a conservative portfolio now.
I plan to annuitize (most here don't know about them) about 45% of my 403B with TIAA and can start collecting Social Security in July (or not). My financial advisor suggested I start collecting my annuity now while still working. The payback time for extra monthly income 1 to 2 years later is around 18 years. This is why I was inquiring earlier about better places to park cash instead of the savings account.
I suppose my comments are still about investing?? Problem is that everyone's situation is so unique, it's impossible to share recommendations.
Investments: I'm 1 to 2 years out from retirement (my choice) and this all throws some kinks in my plans A through C (D is to move in with Yah Ta Hey, live under his overhang). My current losses are minimal because I'm in a conservative portfolio now.
I plan to annuitize (most here don't know about them) about 45% of my 403B with TIAA and can start collecting Social Security in July (or not). My financial advisor suggested I start collecting my annuity now while still working. The payback time for extra monthly income 1 to 2 years later is around 18 years. This is why I was inquiring earlier about better places to park cash instead of the savings account.
I suppose my comments are still about investing?? Problem is that everyone's situation is so unique, it's impossible to share recommendations.
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Hopefully Powell tries to save his reputation / legacy, does the right thing and keeps raising rates.
Higher rates will definitely slow the economy even more than it already is. Look as what happened to Ross ‘dress for less’ when they missed their earnings. Ross is a discount department store mostly selling clothes, that says a lot about consumer spending now that bank accounts are on fumes.
Higher rates will definitely slow the economy even more than it already is. Look as what happened to Ross ‘dress for less’ when they missed their earnings. Ross is a discount department store mostly selling clothes, that says a lot about consumer spending now that bank accounts are on fumes.
I know tough to avoid when so much of the market is driven by bad.
I do both directions. It's better that way. Short and long.
Raising rates to "slow" this economy is a fool's game.
Most brick and mortar stores are under pressure. The one exception is Apple.
I went a local mall this week to visit the Apple store. There was a lot of foot traffic but not much shopping. Apple was the opposite. They had a lot of customers in the store for various things. My visit was for a return. I was in and out, less than two minutes total.
Most of the stores I looked in had more employees than customers. JC Penny was a ghost town. A lot of spaces were vacant. Malls are dying off but this particular one has a Asian grocery and several Asian stores which attract a large number of people. That wing was full of people.
Clothing stores are a dime a dozen.
I went a local mall this week to visit the Apple store. There was a lot of foot traffic but not much shopping. Apple was the opposite. They had a lot of customers in the store for various things. My visit was for a return. I was in and out, less than two minutes total.
Most of the stores I looked in had more employees than customers. JC Penny was a ghost town. A lot of spaces were vacant. Malls are dying off but this particular one has a Asian grocery and several Asian stores which attract a large number of people. That wing was full of people.
Clothing stores are a dime a dozen.
One good place to research is the Boglehead forum. I say research because asking for advice anywhere on the internet will get confusing. Just go through threads that pertain to your question and research the answers. Then perform your own due diligence with your unique situation to see if it will work out for you.
Trust me on this….
In the next quarterly earnings….. if Big companies start giving ‘Revised Guidance’ announcements for their pre missed earnings and trying to soften the blow, things are going to drop like a tank.
My strategies is to have:
70% cash on the sidelines
30% inverse ETFs for the bad days, sometimes I only hold them for a few hours and then sell for a quick profit.
In the next quarterly earnings….. if Big companies start giving ‘Revised Guidance’ announcements for their pre missed earnings and trying to soften the blow, things are going to drop like a tank.
My strategies is to have:
70% cash on the sidelines
30% inverse ETFs for the bad days, sometimes I only hold them for a few hours and then sell for a quick profit.
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Actually having the markets down just before a planned retirement is a huge advantage.
You have the option to work longer if necessary. You start off with (most likely) better times ahead. This is much better than a market crash in the first few years after retirement.
The Canadian market is down but not as much as the US market. I've been reviewing my portfolio closely every week and I've noticed that the losses are getting smaller from week to week and more Canadian stocks now have a positive return over the week. Canadian bond funds have made a tiny positive return week to week over the past few weeks - yes it's a tiny return, but that's better than the losses we were seeing earlier.
I have a buy list with strike prices (when stocks or ETFs I want are so cheap I can't possibly turn them down). Bought a small amount of one stock yesterday at my strike price on a mystery intraday low and was well in the money by the end of the day.
This volatility is advantageous if you're in the mood to buy.
I'm still expecting things to go quite a bit lower - as there's no blood in the streets yet. But I'm starting to pick up a few bargains here and there. You have to realize that no-one rings a bell at the market bottom.
I have a buy list with strike prices (when stocks or ETFs I want are so cheap I can't possibly turn them down). Bought a small amount of one stock yesterday at my strike price on a mystery intraday low and was well in the money by the end of the day.
This volatility is advantageous if you're in the mood to buy.
I'm still expecting things to go quite a bit lower - as there's no blood in the streets yet. But I'm starting to pick up a few bargains here and there. You have to realize that no-one rings a bell at the market bottom.
Let me know if I am swaying off topic.
You guys have been harping for the past few years that we are past due for a correction. We were taught in high school economics that corrections are a natural part of our cyclic economy. Many are trying to blame politics for the current mess (lets not go there).
Are some of you suggesting that with proper administration, we could achieve a painless correction? Does such a thing exist? Could a correction be avoided with different administration? Just a general answer, not political.
You guys have been harping for the past few years that we are past due for a correction. We were taught in high school economics that corrections are a natural part of our cyclic economy. Many are trying to blame politics for the current mess (lets not go there).
Are some of you suggesting that with proper administration, we could achieve a painless correction? Does such a thing exist? Could a correction be avoided with different administration? Just a general answer, not political.
Thank you Ecotourist and Alarmguy for continueing to remind me to look at the positives (vs. the media panic frenzy). Thanks Pim Tac for reminding me about Bogleheads again. "Old age" sucks regarding forgetting things.
CEOs know bad times ahead.
I would also dump all my company stock / stock options and be on the sidelines with cash.
https://www.challengergray.com/blog...22-q1-exits-up-29-over-same-period-last-year/
I would also dump all my company stock / stock options and be on the sidelines with cash.
https://www.challengergray.com/blog...22-q1-exits-up-29-over-same-period-last-year/
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