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I'll give you the Canadian benefit on this one. If you cash out a 401k before 65, it gets taxed in the range of 40%. 401k are pre-tax investments and then are taxed as ordinary income if you wait until retirement for withdrawal. So although you are giving sage tax advice here, no thanks.PJfanwillneverleave1 said:
So cash out if the future looks grim.myoung321 said:
Brexit has cost me well over 20k in my 401k in 1 day..mrussel1 said:
Okay. Let me try again.PJfanwillneverleave1 said:
No man.myoung321 said:
Paper, pencil, facts... now you've asked for wayyyy too much..mrussel1 said:
I explained it to you in painful detail. You just don't understand it. Go back to the example and read it again, using a paper and pencil.PJfanwillneverleave1 said:
You still don't understand or can explain where your money went after your financial loss.mrussel1 said:
You still haven't explained this pinnacle, since he is a shitty businessman. He's only a pinnacle for you...someone that doesn't understand how the stock market works. No wonder you think he's a genius.PJfanwillneverleave1 said:^^^
I don't care about them that's right.
I just am repeating what the "news" says.
I have always said that no matter what Trump does or says it will not harm him or will at the very least keep him on his pinnacle.
What does understanding the stock market have to do with Trump being a serious contender for POTUS?
Many, many people have fallen to Trump climbing the pinnacle. Many want to be there.
Tell me physically who has your money that you lost.
if you can't then tell me at least were it is perceived to be.
I have 10k and buy 100 shares of something because it is selling for $100 per share.
Well after the Brexit vote, all the institutional investors pulled their money out of equities and stuck them in the dollar. Now my $100/share is only worth $85. I have $8500. Now if I'm a long term investor, I can wait for the market to recover and for institutional investors to come back. NO big deal. But if I'm retired or say I have to pay for my son's 1st semester next month, I won't recover. I've lost that money.
I don't who the fuck has my money. It's spread across all the investors who beat me to the sale and sold at a higher price than $85.
If Trump looks like he will win.. I might cash out and move to Italy... haha
Why expect and take another known loss on the chin?0 -
^^^
Thanks.
Taxes, a sidetrack I don't need to get into the weeds of.
So to get back on track would Trump as POTUS affect you 401k?0 -
No. That would likely disrupt the markets and make things worse. Trump is unpredictable. Markets do not like unpredictable. I can guarantee you the world markets don't want a trade war with China. They don't want N and S Korea to obtain nukes and none of the other crazy ass geo-political shit he has said. So likely the markets would be unmoved with Clinton (or up a bit, depending on where they were late October) but would likely nosedive if Trump was elected.PJfanwillneverleave1 said:^^^
Thanks.
Taxes, a sidetrack I don't need to get into the weeds of.
So to get back on track would Trump as POTUS affect you 401k?0 -
^^^
This sounds very speculative. The whole nosediving market expression.
Who is to really say that will really happen?
The market has crashed hard and Trump is not POTUS.0 -
Of course it's speculative. Buy the rumor, sell the news.PJfanwillneverleave1 said:^^^
This sounds very speculative. The whole nosediving market expression.
Who is to really say that will really happen?
The market has crashed hard and Trump is not POTUS.
The market crashed because Europe is headed for six months of financial chaos and Britain could very well have a recession.0 -
Stepborthers!mrussel1 said:
"I smoked weed with Johnny Hopkins... and Sloan Kettering"...PJfanwillneverleave1 said:
Northwestern University, Columbia Business School, Stanford University all helped create the curriculum for Trump U.Bentleyspop said:
As PJfan is canadian maybe he doesn't understand the difference between actual institutions of higher learning and the real estate con known as drumpf umyoung321 said:PJfanwillneverleave1 said:
You asked.myoung321 said:more cutting and pasting from Trumps site..
POLLY WANT A CRCKER?
What is wrong with that source?
Can you answer for yourself?
Do you think Northwestern University, Columbia Business School, Stanford University compare equally to Trump U?
Name the movie...Monkey Driven, Call this Living?0 -
Right it crashed without Trump as POTUS.mrussel1 said:
Of course it's speculative. Buy the rumor, sell the news.PJfanwillneverleave1 said:^^^
This sounds very speculative. The whole nosediving market expression.
Who is to really say that will really happen?
The market has crashed hard and Trump is not POTUS.
The market crashed because Europe is headed for six months of financial chaos and Britain could very well have a recession.
No one is saying Obama caused this but people are quick to say Trump will cause things like this.
Why are world leaders rattled that Trump is a serious contender? No I am not asking for the standard racist, misogynist pig response.
So America has Hillary to be the stable predictable establishment product vice something else.
Even Obama said that the world pays more attention to American elections than America does theirs.
So it is very arrogant (not you personally) for some train members to question why someone from another country has no say in the election and should zip it.
Trump has a lot of people talking and rattled - this is good.0 -
What is all that cash under your pillow made out of? Drum roll....paper. Sure, cash is less risky than investments in stock, but it is no different than investment in stocks in that it is just an intangible asset whose value changes daily based on the markets. It isn't land or property rights that have intrinsic value. The British people just saw the buying power of their cash decrease 15% in a day. Ask the Argentinians how they feel about the stable value of their cash.PJfanwillneverleave1 said:
You should always know who is holding your money in case you want to withdraw it immediately.mrussel1 said:
Okay. Let me try again.PJfanwillneverleave1 said:
No man.myoung321 said:
Paper, pencil, facts... now you've asked for wayyyy too much..mrussel1 said:
I explained it to you in painful detail. You just don't understand it. Go back to the example and read it again, using a paper and pencil.PJfanwillneverleave1 said:
You still don't understand or can explain where your money went after your financial loss.mrussel1 said:
You still haven't explained this pinnacle, since he is a shitty businessman. He's only a pinnacle for you...someone that doesn't understand how the stock market works. No wonder you think he's a genius.PJfanwillneverleave1 said:^^^
I don't care about them that's right.
I just am repeating what the "news" says.
I have always said that no matter what Trump does or says it will not harm him or will at the very least keep him on his pinnacle.
What does understanding the stock market have to do with Trump being a serious contender for POTUS?
Many, many people have fallen to Trump climbing the pinnacle. Many want to be there.
Tell me physically who has your money that you lost.
if you can't then tell me at least were it is perceived to be.
I have 10k and buy 100 shares of something because it is selling for $100 per share.
Well after the Brexit vote, all the institutional investors pulled their money out of equities and stuck them in the dollar. Now my $100/share is only worth $85. I have $8500. Now if I'm a long term investor, I can wait for the market to recover and for institutional investors to come back. NO big deal. But if I'm retired or say I have to pay for my son's 1st semester next month, I won't recover. I've lost that money.
I don't who the fuck has my money. It's spread across all the investors who beat me to the sale and sold at a higher price than $85.
You were paper rich.Post edited by bootlegger10 on0 -
Property rights?bootlegger10 said:
What is all that cash under your pillow made out of? Drum roll....paper. Sure, cash is less risky than investments in stock, but it is no different than investment in stocks in that it is just an intangible asset whose value changes daily based on the markets. It isn't land or property rights that have intrinsic value. The British people just saw the buying power of their cash decrease 15% in a day. Ask the Argentinians how they feel about the stable value of their cash.PJfanwillneverleave1 said:
You should always know who is holding your money in case you want to withdraw it immediately.mrussel1 said:
Okay. Let me try again.PJfanwillneverleave1 said:
No man.myoung321 said:
Paper, pencil, facts... now you've asked for wayyyy too much..mrussel1 said:
I explained it to you in painful detail. You just don't understand it. Go back to the example and read it again, using a paper and pencil.PJfanwillneverleave1 said:
You still don't understand or can explain where your money went after your financial loss.mrussel1 said:
You still haven't explained this pinnacle, since he is a shitty businessman. He's only a pinnacle for you...someone that doesn't understand how the stock market works. No wonder you think he's a genius.PJfanwillneverleave1 said:^^^
I don't care about them that's right.
I just am repeating what the "news" says.
I have always said that no matter what Trump does or says it will not harm him or will at the very least keep him on his pinnacle.
What does understanding the stock market have to do with Trump being a serious contender for POTUS?
Many, many people have fallen to Trump climbing the pinnacle. Many want to be there.
Tell me physically who has your money that you lost.
if you can't then tell me at least were it is perceived to be.
I have 10k and buy 100 shares of something because it is selling for $100 per share.
Well after the Brexit vote, all the institutional investors pulled their money out of equities and stuck them in the dollar. Now my $100/share is only worth $85. I have $8500. Now if I'm a long term investor, I can wait for the market to recover and for institutional investors to come back. NO big deal. But if I'm retired or say I have to pay for my son's 1st semester next month, I won't recover. I've lost that money.
I don't who the fuck has my money. It's spread across all the investors who beat me to the sale and sold at a higher price than $85.
You were paper rich.
You never own your property as long as you pay taxes on it.
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I agree the government can just take your stuff whenever they feel like it, but you seem to belittle people who invest in stocks by saying they should hold cash, like that piece of paper with a picture of the queen on it is somehow going to keep its value when the shit hits the fan. I would rather have land and property and have the chance to defend it rather than seeing my paper cash's value disappear.PJfanwillneverleave1 said:
Property rights?bootlegger10 said:
What is all that cash under your pillow made out of? Drum roll....paper. Sure, cash is less risky than investments in stock, but it is no different than investment in stocks in that it is just an intangible asset whose value changes daily based on the markets. It isn't land or property rights that have intrinsic value. The British people just saw the buying power of their cash decrease 15% in a day. Ask the Argentinians how they feel about the stable value of their cash.PJfanwillneverleave1 said:
You should always know who is holding your money in case you want to withdraw it immediately.mrussel1 said:
Okay. Let me try again.PJfanwillneverleave1 said:
No man.myoung321 said:
Paper, pencil, facts... now you've asked for wayyyy too much..mrussel1 said:
I explained it to you in painful detail. You just don't understand it. Go back to the example and read it again, using a paper and pencil.PJfanwillneverleave1 said:
You still don't understand or can explain where your money went after your financial loss.mrussel1 said:
You still haven't explained this pinnacle, since he is a shitty businessman. He's only a pinnacle for you...someone that doesn't understand how the stock market works. No wonder you think he's a genius.PJfanwillneverleave1 said:^^^
I don't care about them that's right.
I just am repeating what the "news" says.
I have always said that no matter what Trump does or says it will not harm him or will at the very least keep him on his pinnacle.
What does understanding the stock market have to do with Trump being a serious contender for POTUS?
Many, many people have fallen to Trump climbing the pinnacle. Many want to be there.
Tell me physically who has your money that you lost.
if you can't then tell me at least were it is perceived to be.
I have 10k and buy 100 shares of something because it is selling for $100 per share.
Well after the Brexit vote, all the institutional investors pulled their money out of equities and stuck them in the dollar. Now my $100/share is only worth $85. I have $8500. Now if I'm a long term investor, I can wait for the market to recover and for institutional investors to come back. NO big deal. But if I'm retired or say I have to pay for my son's 1st semester next month, I won't recover. I've lost that money.
I don't who the fuck has my money. It's spread across all the investors who beat me to the sale and sold at a higher price than $85.
You were paper rich.
You never own your property as long as you pay taxes on it.
I am conservative, but have to say like Trump you don't know how to not say stupid stuff every so often and totally undercut yourself. He would be ahead in the polls right now if he didn't pick unnecessary fights with people.
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Trump is getting it all out on the table so there are no surprises come voting day.
As for Hillary.....
Cash is King, even Trump knows this.0 -
Then why is he cash poor and property rich? He even said he would have to sell a building to finance his campaign.PJfanwillneverleave1 said:Trump is getting it all out on the table so there are no surprises come voting day.
As for Hillary.....
Cash is King, even Trump knows this.0 -
Because:PJfanwillneverleave1 said:
Right it crashed without Trump as POTUS.mrussel1 said:
Of course it's speculative. Buy the rumor, sell the news.PJfanwillneverleave1 said:^^^
This sounds very speculative. The whole nosediving market expression.
Who is to really say that will really happen?
The market has crashed hard and Trump is not POTUS.
The market crashed because Europe is headed for six months of financial chaos and Britain could very well have a recession.
No one is saying Obama caused this but people are quick to say Trump will cause things like this.
Why are world leaders rattled that Trump is a serious contender? No I am not asking for the standard racist, misogynist pig response.
So America has Hillary to be the stable predictable establishment product vice something else.
Even Obama said that the world pays more attention to American elections than America does theirs.
So it is very arrogant (not you personally) for some train members to question why someone from another country has no say in the election and should zip it.
Trump has a lot of people talking and rattled - this is good.
1. He insulted our allies, like David Cameron and the mayor of London
2. He's complimented Putin
3. He said he would be okay if the Korean peninsula were nuclear
4. He said we should not provide any military support to Japan, when that was a key term to the VJ agreements and has helped stabilize eastern Asia.
It's not a good thing to act like 70 years of foreign policy and relative peace are a bad thing. Jesus Christ, have we forgotten the world wars? Are you even paying attention to his policy statements?0 -
1. Cameron is gone
2. Putin likes him
3. Does anyone care about Korea?
4. Times have changed, Is America at war?0 -
Want another reason why people think Trump is batshit crazy and unfit to lead? Check out this release today from the non-partisan "Committee for a Responsible Federal Budget.
Is this math too racist for you?
Figure 2: Debt Under Candidates' Proposals (Percent of GDP)
Read the rest... educate yourself http://crfb.org/papers/promises-and-price-tags-fiscal-guide-2016-election0 -
^^^
No the math isn't too racist for me
Again with the racist stuff....train libs (not you personally in anyway whatsoever)are unreal.Post edited by PJfanwillneverleave1 on0 -
I saw a graph like that once.mrussel1 said:Want another reason why people think Trump is batshit crazy and unfit to lead? Check out this release today from the non-partisan "Committee for a Responsible Federal Budget.
Is this math too racist for you?
Figure 2: Debt Under Candidates' Proposals (Percent of GDP)
Read the rest... educate yourself http://crfb.org/papers/promises-and-price-tags-fiscal-guide-2016-election
I'm sure someone drew it somewhere.0 -
Nice try... this was what you said above Why are world leaders rattled that Trump is a serious contender? No I am not asking for the standard racist, misogynist pig response.PJfanwillneverleave1 said:^^^
No the math isn't too racist for me
Again with the racist stuff....train libs (not you personally in anyway whatsoever)are unreal.
The world leaders are rattled because he's an idiot. His policies are idiotic, both foreign policy and economic policy. My last two posts show that.0 -
You mean someone showed you Excel one time? Did you get to try it out before they escorted you away from the computer?PJfanwillneverleave1 said:
I saw a graph like that once.mrussel1 said:Want another reason why people think Trump is batshit crazy and unfit to lead? Check out this release today from the non-partisan "Committee for a Responsible Federal Budget.
Is this math too racist for you?
Figure 2: Debt Under Candidates' Proposals (Percent of GDP)
Read the rest... educate yourself http://crfb.org/papers/promises-and-price-tags-fiscal-guide-2016-election
I'm sure someone drew it somewhere.
Can you defend his economic policy? How about the foreign policy? How about once when you get boxed in, admit that Trump is a fool rather than changing the subject.0 -
^^^
If the world leaders are rattled by an idiot it says a lot about the current configuration of them.
0
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