you all bring in the culture war politics BS that has nothing to do with investing.
see the difference?
“crazy trump just announced blanket tariffs on everything coming in from canada and mexico. Stock market down in the after hours whatever it gained today. trump and his voters think mexicans and canadians pay tariffs, but they'll soon learn no, Americans pay the tariffs.”
Start with yourself, then move to gente, then you’ll get nothing from me.
I had no thoughts on Treasury pick, other than I hope he can clean up the mess. For decades American Government was financed through tariffs. Perhaps you hadn’t noticed your Biden-Harris voters think inflation is not a tax paid by Americans.
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you all bring in the culture war politics BS that has nothing to do with investing.
see the difference?
“crazy trump just announced blanket tariffs on everything coming in from canada and mexico. Stock market down in the after hours whatever it gained today. trump and his voters think mexicans and canadians pay tariffs, but they'll soon learn no, Americans pay the tariffs.”
Start with yourself, then move to gente, then you’ll get nothing from me.
I had no thoughts on Treasury pick, other than I hope he can clean up the mess. For decades American Government was financed through tariffs. Perhaps you hadn’t noticed your Biden-Harris voters think inflation is not a tax paid by Americans.
I talk about economics, you talk about transgenders in the army. Can’t pretzel out of that.
gente did mention the acronym ‘dei’ which has little to with economics. But Soros does obviously.
“crazy trump just announced blanket tariffs on everything coming in from canada and mexico. Stock market down in the after hours whatever it gained today. trump and his voters think mexicans and canadians pay tariffs, but they'll soon learn no, Americans pay the tariffs.”
Start with yourself, then move to gente, then you’ll get nothing from me.
I had no thoughts on Treasury pick, other than I hope he can clean up the mess. For decades American Government was financed through tariffs. Perhaps you hadn’t noticed your Biden-Harris voters think inflation is not a tax paid by Americans.
I talk about economics, you talk about transgenders in the army. Can’t pretzel out of that.
gente did mention the acronym ‘dei’ which has little to with economics. But Soros does obviously.
OK, but you have extreme TDS, and gente always is picking a bone. None of those things are my problem.
This post was edited 27 seconds after it was posted.
“crazy trump just announced blanket tariffs on everything coming in from canada and mexico. Stock market down in the after hours whatever it gained today. trump and his voters think mexicans and canadians pay tariffs, but they'll soon learn no, Americans pay the tariffs.”
Start with yourself, then move to gente, then you’ll get nothing from me.
I had no thoughts on Treasury pick, other than I hope he can clean up the mess. For decades American Government was financed through tariffs. Perhaps you hadn’t noticed your Biden-Harris voters think inflation is not a tax paid by Americans.
I talk about economics, you talk about transgenders in the army. Can’t pretzel out of that.
gente did mention the acronym ‘dei’ which has little to with economics. But Soros does obviously.
DEI is part of ESG investing. It's been co-opted by corporations and "Wall Street", quelle surprise.
Hey agip, are you going, or have seen Wicked. Wouldn't surprise me that you've seen the play. Saw it yesterday with the grand-kids. All of us enjoyed it and I'm not fond of musicals (only ones I liked were the original West Side Story and Cabaret). We can't wait for Part II.
Save the Date! Start planning now for 2025! Carnival was created by the Provincetown Business Guild in 1978 and is Ptown???s original summer celebration of
A Soros DEI pick, Newname and GoI go home devastated!
He's a billionaire and went to Yale. Very qualified - not a DEI pick. Also I don't care about the former affiliation with Soros - I separate money and politics, and Trump does as well.
A Soros DEI pick, Newname and GoI go home devastated!
He's a billionaire and went to Yale. Very qualified - not a DEI pick. Also I don't care about the former affiliation with Soros - I separate money and politics, and Trump does as well.
Just had a flashback to the 2005 Oscar Ceremony; Chris Rock, Jude Law and Sean Penn.
A Soros DEI pick, Newname and GoI go home devastated!
He's a billionaire and went to Yale. Very qualified - not a DEI pick. Also I don't care about the former affiliation with Soros - I separate money and politics, and Trump does as well.
good lord. imagine typing that. That where you went to college qualifies you to be Secretary of the Treasury. And the second part.
anyway, the 'dei pick' reference is to the treasury secretary being gay and gay married.
And no, he's not qualified - he's never worked in the dep't of the treasury or the Fed. Being a macro investor does not qualify you to be sec treas.
Bessent's qualification is that he looks the part and is a billionaire mega donor to trump.
Here's a thumbnail Yellen's CV to get an idea of what a Sec Treasury is supposed to know.
Janet Louise Yellen (born August 13, 1946) is an American economist, currently serving as the 78th United States secretary of the treasury since January 26, 2021. She previously served as the 15th chair of the Federal Reserve from 2014 to 2018. She is the first woman to hold either post, and has also led the White House Council of Economic Advisers. Yellen is the Eugene E. and Catherine M. Trefethen Professor of Business Administration and Economics at the University of California, Berkeley.
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Rosenberg Rosenberging. Predicting yet another recession that never happened. GDP NOw has us growing at a spritely 2.6%.
Carl Quintanilla @carlquintanilla ROSENBERG: Recent economic data are being revised lower — a trend “historically consistent with periods of recession/weak economic growth.” Moreover, the magnitude of revisions “is consistent with what took place in 2008/2009 and in 1999 ..” 👀
"The question is how you get a meaningful bond rally here and it most likely requires very weak economic conditions / stock fall."
What he got wrong was assuming inflation would stay high unless we had a recession. We had no recession but inflation fell. Because inflation was a remnant of COVID, not baked into the system.
since this tweet both did well:
Stocks +33%
Bonds +8%
Being long both was the right way to go.
Bob Elliott @BobEUnlimited If you love bonds here with 5 cuts already priced in for '24, then you must really love being short stocks. 2:50 PM · Nov 30, 2023 · 224.2K Views
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I talk about economics, you talk about transgenders in the army. Can’t pretzel out of that.
gente did mention the acronym ‘dei’ which has little to with economics. But Soros does obviously.
Hey agip, are you going, or have seen Wicked. Wouldn't surprise me that you've seen the play. Saw it yesterday with the grand-kids. All of us enjoyed it and I'm not fond of musicals (only ones I liked were the original West Side Story and Cabaret). We can't wait for Part II.
Glad to hear you liked it - seems like a giant hit. Did the theater kids sing along at the show you went to? Not sure if that would be charming or annoying but I hear it's common.
I'm not a huge musical fan, but maybe like you, West Side Story, My Fair Lady, Sound of Music, Anything Goes, Grease and a few others are some of my favorite things. So to speak, if you know what I mean.
I haven't seen Wicked in any form...maybe when it comes out on streaming.
This post was edited 3 minutes after it was posted.
Learn the difference between an index's price return and total return. Yes, it's easy to beat an index price return when you're comparing it to your current portfolio value. The portfolio value is generated by the reinvestment of dividends and capital gains (plus the timing of funds added or subtracted). Thus the proper comparison is the total return of the chosen index (and equivalent additions and subtractions). If my sole investment was VINIX, I could say I've beaten the S&P 500 Price Index each year, but not the S&P 500 Total Return Index. Using the ETF DIA, the DJIA Total Return is now +20.42% for the year!
I can compare my YTD to the Dow in any manner I choose.
Well, it's getting close. I decided to check after the Dow did so well last week.
Dow YTD: UP 17.53%
Flagpole YTD: UP 17.91%
The Dow could eke out a win this year after all. Doesn't really matter though.
S&P 500 YTD: UP 25.0%
CG 2 YTD: UP 31.9%
Not sure if you're aware, FP, but the Dow Jones hasn't been used as a representation of the market as a whole for at least several decades. If you simply bought and held a S&P500 index fund you'd have performed about 40% higher than you have so far this year. Might want to try to learn some basics of finance and investing sometime.
I've discussed this for years, and yes, of course I know that the Dow isn't the best example of the market as a whole. I never said it was. It just IS the thing that I have compared my results against since I started investing in 1989.
I have investments spread out into just about any index you can mention, both foreign and domestic. You can look back at the end of any year and suggest that a person should have been all in in a certain index, but not only do I not need to have done such a thing, I have done more than fine with my passive way of investing since 1989. I know more than enough about finance and investing, thank you very much.
As much as I think flaphole is a narcissistic blowhard, he has been clear about comparing against DJIA, the price index. Let’s not change the yardsticks this far into his imaginations.
CORRECT! Well, not about the narcissistic blowhard part.
He's a billionaire and went to Yale. Very qualified - not a DEI pick. Also I don't care about the former affiliation with Soros - I separate money and politics, and Trump does as well.
good lord. imagine typing that. That where you went to college qualifies you to be Secretary of the Treasury. And the second part.
anyway, the 'dei pick' reference is to the treasury secretary being gay and gay married.
And no, he's not qualified - he's never worked in the dep't of the treasury or the Fed. Being a macro investor does not qualify you to be sec treas.
Bessent's qualification is that he looks the part and is a billionaire mega donor to trump.
Here's a thumbnail Yellen's CV to get an idea of what a Sec Treasury is supposed to know.
Janet Louise Yellen (born August 13, 1946) is an American economist, currently serving as the 78th United States secretary of the treasury since January 26, 2021. She previously served as the 15th chair of the Federal Reserve from 2014 to 2018. She is the first woman to hold either post, and has also led the White House Council of Economic Advisers. Yellen is the Eugene E. and Catherine M. Trefethen Professor of Business Administration and Economics at the University of California, Berkeley.
You are correct in your assessment, and yet, at the same time, Bessent is probably the best pick so far...shows how big of a Sh!t Show we are in for.
Learn the difference between an index's price return and total return. Yes, it's easy to beat an index price return when you're comparing it to your current portfolio value. The portfolio value is generated by the reinvestment of dividends and capital gains (plus the timing of funds added or subtracted). Thus the proper comparison is the total return of the chosen index (and equivalent additions and subtractions). If my sole investment was VINIX, I could say I've beaten the S&P 500 Price Index each year, but not the S&P 500 Total Return Index. Using the ETF DIA, the DJIA Total Return is now +20.42% for the year!
I can compare my YTD to the Dow in any manner I choose.
Tell me you're a rank amateur without telling me you're a rank amateur.
I'm not going to bother with your misuse of passive and diversify. It seems, this applies to some other poster, I can explain it to you but I can't understand it for you.
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