Down goes the Dow

Earnings Scorecard: For Q1 2019 (with 99% of the companies in the S&P 500 reporting actual results for the quarter), 76% of S&P 500 companies have reported a positive EPS surprise and 59% have reported a positive revenue surprise.

Ghost of Igloi wrote:

But you are the guy that has been sucking off a government pension for years. Oh, and financed by debt. At least I am paying mine back, while tax payers like me have to pay for you lazy slobs.

I have a very nice home that is worth 40% more than what I paid for it.

Wise hypocrisy.

Go smoke some cannabis, you’ll feel better about yourself.

Igy, as a family member to someone who will be receiving a govt. pension shortly, i must take offense. That family member suffered many years of sub-market pay scale with the full realization that the pension might make up for that loss later on. It was figured in.

So that what was the deal and as such, was fully disclosed and agreed upon by both parties. To refer to those who have worked in that capacity as "lazy slobs" was misdirected.

I just want to point this out in respect for a lot of good government workers who deserve their hard earned pensions.

And may I add that a lot of government employees pay into their pension funds.

It’s no surprise to longtime readers of this thread that Igy lacks an understanding of basic finance.

Gruntz wrote:

seattle prattle wrote:

Igy, as a family member to someone who will be receiving a govt. pension shortly, i must take offense. That family member suffered many years of sub-market pay scale with the full realization that the pension might make up for that loss later on. It was figured in.

So that what was the deal and as such, was fully disclosed and agreed upon by both parties. To refer to those who have worked in that capacity as "lazy slobs" was misdirected.

I just want to point this out in respect for a lot of good government workers who deserve their hard earned pensions.

And may I add that a lot of government employees pay into their pension funds.

It’s no surprise to longtime readers of this thread that Igy lacks an understanding of basic finance.

People with pension benefits don’t need financial charlatans like Igy. Since he can’t make a buck off then, he insults them. He doesn’t like people who are smarter than him.

Seattle,

Wasn’t meant for you sorry. This guy was messing with me almost daily. I apologize to you and any other non-harassing posters. The other guy not.

Igy

I guess there are some hard workers, but over the years I’ve talked to several people with direct experience and they were all disgusted by the culture in government jobs. Incredible laziness and hostility towards anyone who tried to disrupt that culture.

Just go to the DMV ... I swear they must give out awards for who can move the slowest.

Oh ... and do the research. They aren’t underpaid and their pensions are ridiculously high ... especially for the bureaucrats at the top.

Igy, no problem.

speaking of pensions, when i left a former employer, i had the option of leaving it as a pension or cashing it out and investing it as a self-directed rollover ira. You guessed it - i did the latter. Honestly, i never bothered to check if i am coming out ahead but checking now, I see my old FANG buddies so you can guess the rest. Investing year was 2001, so timing was pretty good. I guess I just have a pension for these kinds of things.

He just doesn’t get it. ?‍♂️

I can only speak for what i've seen in regards to my family member, and that is more of a public agency rather than anything that would be described as a government job. Health care specifically.

And what you are saying is not the case in that sector where they are working.

Also, many of her co-workers left over the years in every case, it was for higher paying jobs in the private sector.

We are talking a vast swatch of the workforce here and I imagine what's common in one area may be completely out of place in others.

seattle prattle wrote:

Igy, no problem.

speaking of pensions, when i left a former employer, i had the option of leaving it as a pension or cashing it out and investing it as a self-directed rollover ira. You guessed it - i did the latter. Honestly, i never bothered to check if i am coming out ahead but checking now, I see my old FANG buddies so you can guess the rest. Investing year was 2001, so timing was pretty good. I guess I just have a pension for these kinds of things.

Seattle,

I have a pension benefit from my employer, there are a variety of options. Partial rollover plus benefit, or full pension. Not sure what I will do. If the market is really low, most likely I will roll the part I can. I also need to weigh the joint benefit for my wife as well. There is a formula that help determine what is the best choice.

Igy

Yeah, tough call. But even with a low market, who's to say how much lower it might go after you roll it over....

At least a pension has defined benefits from day one. Unless the rollover rate was heavily weighted in your favor, i would have to think the pension is the better deal given your time horizon to collect or re-coupe from a market drop.

But I'm sure you'll garner the best option.

So, I think i mentioned a few weeks back that i figured out I can rollover a sizable chunk of my 401 K based on reaching the 59 1/2 y.o. milestone. I got the paperwork but so far I haven't bitten. I may just leave it in low cost mutual funds - they are Vanguard funds and TIAA so really low fee. Honestly, I feel like you do - i might just do it if we see a big drop, but otherwise, I really should be moving it to safer investments, not riskier.

Seattle,

You are right. I am leaning to a 100% joint life benefit. Hopefully one of us makes to 100. Ha, ha.

Igy

I wonder if we can Igy, or Cry guy, to elaborate as to why retired military, police, fire, and teachers would be characterized as “lazy slobs” or people who did not earn their pay. Discuss.

No, they are not lazy slobs. Just the lazy slob Scary Crazy Igy Obsessed Guy.

Never worked a honest day in his life. Definitely on the government dole.

And what was his job?

Also you wrote “slobs” which implies you meant more than one person. Who is/are the other(s)?

(Disclosure: I do not have a government job.)

^Should be institutionalized in a government facility.

Ghost of Igloi wrote:

^Should be institutionalized in a government facility.

Now that would be sucking off tax payers like you. ?

Aye, carumba, futures up pretty big. Short covering in the morning.

seattle prattle wrote:

Aye, carumba, futures up pretty big. Short covering in the morning.

meh, barely up now. Usually it's sell the news, right?

It's a trading range market...the news is good for a couple weeks and everything seems good...them bam we're back down to the bottom of the range.