Another positive week! Life is good!
Another positive week! Life is good!
K5 detector wrote:
Hi, K5/Igy! You sure don't like agip much. Are you jealous of his knowledge and success? I noticed that you really don't offer any constructive criticisms, just insults. Oh and you forgot to mention his undies.
You might want to try reading his comment and then explain how it is not nonsensical.
"..on a poilitical note, I'm seeing all these industrial companies fly - stocks are up 3%. emerson, cummins, rockwell.
I wonder if it is because if clinton wins we won't have a trade war."
I await your always top shelf, well argued, response. Try to leave references to hurt butts and undies out of it if you can (I know that will not be easy for you).
Hi, K5/Igy! What's really nonsensical is that you seem to believe the market is immune to the election cycle.
And I noticed you double down on the innuendo by resurrecting your passion for hurt butts. I thought you had moved on to the undies infatuation, but I see your other fetish is still going strong. Have you had to register?
[quote]K5 detector wrote:
You might want to try reading his comment and then explain how it is not nonsensical.
"..on a poilitical note, I'm seeing all these industrial companies fly - stocks are up 3%. emerson, cummins, rockwell.
I wonder if it is because if clinton wins we won't have a trade war."
Hi, K5/Igy! What's really nonsensical is that you seem to believe the market is immune to the election cycle.
That's what I thought.
Let's recap.
Agip makes the absurd assertion that because maybe Hillary will win in November and that may mean we won't have a trade war (whatever the eff that means) that current stock prices of industrial companies and now rising.
I point out how ridiculous a statement that is.
You then come up with the strawman argument that I believe the market is immune to the election cycle.
Where were you when they were handing out brains anyway.
Hi, K5/Igy! I see your new favorite word is "strawman". It's good to improve your vocabulary, but you really should learn what it means before you use it. I know you want to sound smart, like agip, but your actions are actually having the opposite effect.
It's comical that you think you actually "point(ed) out how ridiculous" agip' statement is because you actually did nothing of the sort. You said it was nonsensical, but didn't bother to say how or why. Perhaps your explanation just mysteriously disappeared kind of like the tail end of other posts that you quote. What's up with that anyway?
So back to the discussion at hand. Why don't you tell us your theory behind rising stock prices for industrials?
topcat wrote:
Thanks. I'm 62 and retired but not on SS. Have 50% Traditional and 50% Roth. Haven't touched either yet. Have some extra savings and no debt and wife is still working so waiting for awhile. Also sold a large house and downsized. Life is pretty good except wife sometimes get lonely for her friends because we moved to the boonies. But, that isn't monetary.
You are very welcome. It sounds to me as if you are in very solid financial footing. Congratulations. It is also commendable that you are seeking knowledge about investment best practices.
While I am happy to offer some general advice, I would not be comfortable giving specific advice without knowing a lot more about your situation. I will advise you to be very careful about how much stock you put into what you read in threads like this one. For example, there is one fellow here claiming to be a CFP. That may very well be true (or it may not be true), but keep in mind that not all CFPs are fiduciaries. And anyone like this fellow who has given very specific tax advice without the benefit of really getting to know your situation should be avoided.
The bottom line is that you should thoroughly vet any financial planner that you work with. You don't know enough about any of us posting on this thread, nor do we know enough about you. Take what you've learned here and use it as a starting off point. But beware the online charlatans.
I wish you all the best.
K5 detector wrote:
Hi, K5/Igy! I see your new favorite word is "strawman". It's good to improve your vocabulary, but you really should learn what it means before you use it. I know you want to sound smart, like agip, but your actions are actually having the opposite effect.
When you attribute an argument to me that I never made such as "you seem to believe the market is immune to the election cycle" and then attack that, this is what is called the strawman strategy. Now we all know you aren't the brightest guy around, but you should at least understand that. Let me know if you still cannot follow this quite simple explanation.
It's comical that you think you actually "point(ed) out how ridiculous" agip' statement is because you actually did nothing of the sort.
Look at Agip's comment "..on a poilitical note, I'm seeing all these industrial companies fly - stocks are up 3%. emerson, cummins, rockwell. I wonder if it is because if clinton wins we won't have a trade war." The idea that a certain sector of stocks are "flying" today because maybe Hillary will win in November and that this somehow means this will avoid a trade war (??WTF??) is beyond absurd. Your pretense that this statement makes sense is laughable.
So back to the discussion at hand. Why don't you tell us your theory behind rising stock prices for industrials?
Here you assume as fact an undocumented assertion made by agip. And you seem to be overlooking the fact that I did not make the statement, do not believe it to be true, and this could not possibly have a theory as to why something is happening seeing as how I don't believe it is.
Look, you are in way over your head. This is a situation you should be quite familiar with. Yet you continue to plow ahead. How is is you actually never learn from your myriad of mistakes? I think you have a condition that the medical community calls "stupidity". Ignorance accompanied by arrogance; a fatal combo
K5 Detector,
Not sure what your point is. I may have differing market views than agip but I have a great deal of respect for his professionalism.
Igy
Financial Advisor,I am fairly certain you are a troll, but I am not going to let you get away with it. Read this time and save your comments since they weren't necessary.Igy
Ghost of Igloi wrote:
Investment Advisor wrote:Perhaps as someone in the business, I can give you an intelligent answer.
If you have a large balance in traditional IRAs, then the RMDs when you reach 70.5 could easily put you into a higher tax bracket. I advise folks to start relatively small withdrawals at 59.5 and shift those funds to another type of account. (If you are still working, then a Roth IRA may make the most sense.). Yes, you will have to pay taxes on the withdrawal, but you will have a smaller bite and you will spread it out over several years. By waiting until 59.5 you avoid any IRS penalty.
The result is that when you reach 70.5, your RMDs will be smaller thus reducing the tax hit. At an age where you are likely to be in a lower tax bracket, your chances of remaining there are increased.
Good luck.
I am also in the business and I am a Certified Financial Planner. I believe this answer is simplistic and MAY BE advised for people in lower income brackets. I did a calculation for a couple with $100,000 in pre-retirement income and a potential $1,000,000 in retirement accounts subject to RMD, $60,000 in Social Security benefits in retirement. Any distribution out of a taxable retirement account prior to retirement will result in 25% in Federal taxes on the distribution. State income taxes would drive this number higher. While in retirement, using the same scenario and using current Federal tax rates, retirement distributions would be a little over 15%. Keep in mind a maximum of 85% of Social Security benefits are taxable.
Again, at the lower tax brackets the strategy outlined by the previous poster MAY BE beneficial, but as always it is never that simple.
CONSULT YOUR TAX PROFESSIONAL.
Igy
My comments were for the benefit of topcat and others seeking investment advice. I know of what I speak, stand by what I wrote, and am no troll. I understand your defensiveness and believe it may be well founded.
Hey, K5/Igy. I didn't assume anything to be fact. Your suggesting that I did is the perfect example of a strawman.
You did a good job of learning from me. Your welcome.
K5 detector wrote:
Hey, K5/Igy. I didn't assume anything to be fact. Your suggesting that I did is the perfect example of a strawman.
You did a good job of learning from me. Your welcome.
I have to question my own sanity in my continual attempts to reach this moron.
Here's an idea. Let's ask the Bros to implement a brief IQ test that must be passed in order to use this message board. That was we could clean out all the dead wood like the detector guy.
Can I ask a dumb question? Who or what is K5? I took a couple year absence from letsrun
Recently anyway. Some hedge funds place oversized bets on certain assets and if 2 out of theirsmall field of 12 go sour they lose big time if the other assets just stay even. It's educated gambling.
Active mgrs I don't dislike but don't use them because I try to avoid fees. That's me anyway.
Hey, K5/Igy, you're not the only one questioning your sanity.
topcat,
I first posted on this thread in March of 2015. I am sure others may understand the relationship better than I. A poster Klondike 5 started the thread and there is a Hatfield and McCoy feud with K-5 Detector. For some reason K-5 Detector thinks I am Klondike 5. I believe markets are extremely over valued on traditional valuation metrics, perhaps for that reason I am considered an ally of Klondike 5.
Igy
topcat,
The earlier poster is correct regarding the origins of K5 a.k.a Klondike5 and many other names. He is known for the disparate characteristics of being a poor investor and an anti-Semite. And he hates agip likely because agip is everything that K5 is not.
K5 uses many different names and there are some here who believe he is Ghost of Igloi. They certainly share several similarities:
1. They are both market doom-and-gloomers,
2. Both have predicted Dow 13,000,
3. Neither is receptive to constructive criticism,
4. Both are easily baited,
5. Both are prone to insult anyone offering an opinion different than theirs,
6. Both feign superior investment knowledge,
7. Neither is willing to offer specifics about their own investments,
8. Both have made repeated bigoted posts.
Draw your own conclusions.
Wall Street was headed for a quiet start to the fourth quarter on Monday, with stock futures barely higher, as investors continued to carefully watch the crisis surrounding Deutsche Bank AG.
Economic data due later could help move the needle, while gains for oil prices weren't doing much to lift sentiment.
Dow Jones Industrial Average futures futures rose 3 points to 18,222, while S&P 500 futures eased 0.4 point to 2,160. Nasdaq-100 index futures were flat at 4,870.
U.S. stocks closed higher on Friday (http://www.marketwatch.com/story/us-stock-futures-edge-lower-as-fears-over-deutsche-bank-persist-2016-09-30), boosted by a 14% rise for shares of Deutsche Bank (DBK.XE) (DBK.XE) after a report that the bank may be able to negotiate a far lower settlement with the Justice Department over several mortgage-securities cases.
Wall Street was headed for a quiet start to the fourth quarter on Monday, with stock futures barely higher, as investors continued to carefully watch the crisis surrounding Deutsche Bank AG.
Economic data due later could help move the needle, while gains for oil prices weren't doing much to lift sentiment.
Dow Jones Industrial Average futures futures rose 3 points to 18,222, while S&P 500 futures eased 0.4 point to 2,160. Nasdaq-100 index futures were flat at 4,870.
U.S. stocks closed higher on Friday, boosted by a 14% rise for shares of Deutsche Bank (DBK.XE) (DBK.XE) after a report that the bank may be able to negotiate a far lower settlement with the Justice Department over several mortgage-securities cases.
Talks are moving forward, but no deal has yet been presented to senior decision makers on either side, The Wall Street Journal reported on Monday, citing sources. Deutsche Bank shares were not trading in Frankfurt owing to the German Unity Day holiday in the country, but the German bank's U.S.-listed shares were down 1.5% in premarket trading.
"With one more week to the earning season, expect any news related to Deutsche Bank to become a key catalyst to risk," said Hussein Sayed, FXTM chief market strategist, in a note to clients.
Jobs data this week: Monday will kick off a busy week for economic reports that ends with a reading on nonfarm payrolls. The Markit manufacturing purchasing managers index for September will be released at 9:45 a.m. Eastern Time, while the Institute for Supply Management survey for September and construction spending for August are due at 10 a.m. Eastern.
Motor vehicle sales should also roll in throughout Monday.
Lurker wrote:
topcat,
The earlier poster is correct regarding the origins of K5 a.k.a Klondike5 and many other names. He is known for the disparate characteristics of being a poor investor and an anti-Semite. And he hates agip likely because agip is everything that K5 is not.
K5 uses many different names and there are some here who believe he is Ghost of Igloi. They certainly share several similarities:
1. They are both market doom-and-gloomers,
2. Both have predicted Dow 13,000,
3. Neither is receptive to constructive criticism,
4. Both are easily baited,
5. Both are prone to insult anyone offering an opinion different than theirs,
6. Both feign superior investment knowledge,
7. Neither is willing to offer specifics about their own investments,
8. Both have made repeated bigoted posts.
Draw your own conclusions.
My conclusion is that you usually post under another name
Oh, the irony!