Trump

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  • myoung321myoung321 Posts: 2,855

    You should always know who is holding your money in case you want to withdraw it immediately.
    You were paper rich.

    That made you sound like a 15 year old.. hmm.
    "The heart and mind are the true lens of the camera." - Yusuf Karsh
     


  • myoung321 said:


    That made you sound like a 15 year old.. hmm.
    Sometimes you have to count your money by hand.
  • myoung321myoung321 Posts: 2,855
    edited June 2016

    once again... are you 15? you obviously don't understand 401ks or the stock market... and like Trump, how a currency drop effects the world.
    Post edited by myoung321 on
    "The heart and mind are the true lens of the camera." - Yusuf Karsh
     


  • mrussel1mrussel1 Posts: 30,428

    Sometimes you have to count your money by hand.
    Dude, grow up.
  • myoung321 said:

    Brexit has cost me well over 20k in my 401k in 1 day..

    If Trump looks like he will win.. I might cash out and move to Italy... haha
    So cash out if the future looks grim.
    Why expect and take another known loss on the chin?
  • mrussel1mrussel1 Posts: 30,428
    myoung321 said:

    Brexit has cost me well over 20k in my 401k in 1 day..

    If Trump looks like he will win.. I might cash out and move to Italy... haha
    I don't want to look... fortunately I'm only 43 so it won't kill me but still.
  • mrussel1mrussel1 Posts: 30,428

    Northwestern University, Columbia Business School, Stanford University all helped create the curriculum for Trump U.
    "I smoked weed with Johnny Hopkins... and Sloan Kettering"...

    Name the movie...
  • myoung321myoung321 Posts: 2,855

    Sometimes you have to count your money by hand.
    Learn that a Trump U?

    "The heart and mind are the true lens of the camera." - Yusuf Karsh
     


  • myoung321 said:

    Learn that a Trump U?

    I thought you were done here.
  • myoung321myoung321 Posts: 2,855
    Bye Troll
    "The heart and mind are the true lens of the camera." - Yusuf Karsh
     


  • mrussel1mrussel1 Posts: 30,428

    So cash out if the future looks grim.
    Why expect and take another known loss on the chin?
    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.
  • ^^^
    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?
  • mrussel1mrussel1 Posts: 30,428

    ^^^
    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?

    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.
  • ^^^
    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.
  • mrussel1mrussel1 Posts: 30,428

    ^^^
    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.

    Of course it's speculative. Buy the rumor, sell the news.

    The market crashed because Europe is headed for six months of financial chaos and Britain could very well have a recession.
  • rgambsrgambs Posts: 13,576
    mrussel1 said:

    "I smoked weed with Johnny Hopkins... and Sloan Kettering"...

    Name the movie...
    Stepborthers!
    Monkey Driven, Call this Living?
  • mrussel1 said:

    Of course it's speculative. Buy the rumor, sell the news.

    The market crashed because Europe is headed for six months of financial chaos and Britain could very well have a recession.
    Right it crashed without Trump as POTUS.
    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.
  • bootlegger10bootlegger10 Posts: 16,120
    edited June 2016

    You should always know who is holding your money in case you want to withdraw it immediately.
    You were paper rich.
    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.
    Post edited by bootlegger10 on
  • 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.
    Property rights?
    You never own your property as long as you pay taxes on it.
  • bootlegger10bootlegger10 Posts: 16,120

    Property rights?
    You never own your property as long as you pay taxes on it.
    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.

    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.
  • 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.
  • mrussel1mrussel1 Posts: 30,428

    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.

    Then why is he cash poor and property rich? He even said he would have to sell a building to finance his campaign.
  • mrussel1mrussel1 Posts: 30,428

    Right it crashed without Trump as POTUS.
    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.
    Because:

    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?
  • 1. Cameron is gone
    2. Putin likes him
    3. Does anyone care about Korea?
    4. Times have changed, Is America at war?
  • mrussel1mrussel1 Posts: 30,428
    edited June 2016
    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)

    image


    Read the rest... educate yourself http://crfb.org/papers/promises-and-price-tags-fiscal-guide-2016-election
  • PJfanwillneverleave1PJfanwillneverleave1 Posts: 12,885
    edited June 2016
    ^^^
    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 on
  • 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)

    image


    Read the rest... educate yourself http://crfb.org/papers/promises-and-price-tags-fiscal-guide-2016-election

    I saw a graph like that once.
    I'm sure someone drew it somewhere.
  • mrussel1mrussel1 Posts: 30,428

    ^^^
    No the math isn't too racist for me
    Again with the racist stuff....train libs (not you personally in anyway whatsoever)are unreal.

    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.

    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.
  • mrussel1mrussel1 Posts: 30,428

    I saw a graph like that once.
    I'm sure someone drew it somewhere.
    You mean someone showed you Excel one time? Did you get to try it out before they escorted you away from the computer?

    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.
  • PJfanwillneverleave1PJfanwillneverleave1 Posts: 12,885
    edited June 2016
    ^^^
    If the world leaders are rattled by an idiot it says a lot about the current configuration of them.
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