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Trade
by AustinC. 04/26/24 07:31 PM
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Economy- Getting Better?
#3169586
07/16/20 02:34 PM
07/16/20 02:34 PM
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Joined: Jan 2019
Posts: 413 Kims Corner, Al.
1955Retiree
OP
4 point
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OP
4 point
Joined: Jan 2019
Posts: 413
Kims Corner, Al.
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Just thought I would throw this out there and get some informed opinions. I am retired and I draw a couple of pensions, not a lot ,but enough to not have to do without anything. I invested some money in some mutual funds years ago. I get 4 quarterly statements a year. I had planned on letting this money ride until I turn 69 1/2, then I will have to start withdrawing it. Last quarter I lost $17,000 for Jan thru Mar. I got my most recent statement today. I had gotten almost $15,000 of the 17,000 back . Which is quite a relief. Kind of hard to figure out what the economy is doing. I was hoping this quarter was better, but did not expect it to rebound that well.
It's not how much money you make, but how much you can keep.
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Re: Economy- Getting Better?
[Re: 1955Retiree]
#3169594
07/16/20 02:45 PM
07/16/20 02:45 PM
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Joined: Nov 2015
Posts: 12,918 Old Florida
Geno
Booner
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Booner
Joined: Nov 2015
Posts: 12,918
Old Florida
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The market is getting better at an amazing rate. The economy is shot until the lower 1/3 of the workers can get fully back to work. The economy has an affect on the market but they are not one and the same. Either one can be doing well while the other is in the tank. Counter intuitive, I know.
Whoever is happy will make others happy too. Anne Frank
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Re: Economy- Getting Better?
[Re: 1955Retiree]
#3169603
07/16/20 02:51 PM
07/16/20 02:51 PM
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Joined: Jul 2010
Posts: 9,166 B'ham
Goatkiller
14 point
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14 point
Joined: Jul 2010
Posts: 9,166
B'ham
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At this point investing in the markets is legalized gambling. We are in uncharted waters.... I would say that is an undeniable fact. Personally we are doing a lot at our office to prepare for a slowdown in the 3rd and 4th quarters. We kicked the can down the road with the stimulus and a LOT of small businesses are just not going to survive.... because this China Virus is not going away. We are going to be in this pattern for a while.
California is shutting back down that's all you need to know. They are a huge piece of the overall economy of the United States.
They keep pumping money into the markets and they might go up despite all this. At some point someone somewhere has to pay the Piper.
No government employees were harmed in the making of this mess.
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Re: Economy- Getting Better?
[Re: Fishduck]
#3169604
07/16/20 02:54 PM
07/16/20 02:54 PM
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Joined: Jan 2019
Posts: 413 Kims Corner, Al.
1955Retiree
OP
4 point
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OP
4 point
Joined: Jan 2019
Posts: 413
Kims Corner, Al.
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Duck not really counting on it for day to day, just maybe something extra. Also, was wondering when time comes to withdraw which would be better? Lump sum or payments?
It's not how much money you make, but how much you can keep.
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Re: Economy- Getting Better?
[Re: Goatkiller]
#3169608
07/16/20 03:01 PM
07/16/20 03:01 PM
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Joined: Mar 2018
Posts: 16,827 Banana Republic
jb20
Old Mossy Horns
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Old Mossy Horns
Joined: Mar 2018
Posts: 16,827
Banana Republic
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At this point investing in the markets is legalized gambling. We are in uncharted waters.... I would say that is an undeniable fact. Personally we are doing a lot at our office to prepare for a slowdown in the 3rd and 4th quarters. We kicked the can down the road with the stimulus and a LOT of small businesses are just not going to survive.... because this China Virus is not going away. We are going to be in this pattern for a while.
California is shutting back down that's all you need to know. They are a huge piece of the overall economy of the United States.
They keep pumping money into the markets and they might go up despite all this. At some point someone somewhere has to pay the Piper. "It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning"? Henry Ford
They who can give up essential liberty to obtain a little temporary safety, deserve neither liberty nor safety. Ben Franklin
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Re: Economy- Getting Better?
[Re: 1955Retiree]
#3169629
07/16/20 03:31 PM
07/16/20 03:31 PM
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Joined: Aug 2011
Posts: 598
Oleman
4 point
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4 point
Joined: Aug 2011
Posts: 598
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Duck not really counting on it for day to day, just maybe something extra. Also, was wondering when time comes to withdraw which would be better? Lump sum or payments? Go spend some time on bogleheads.org. But right now I would say it depends on what it does to your tax bill. I think it rebounded so fast is because the Fed turned on the money printer and added 4-5 trillion in debt. Q3 & Q4 will be rough with stuff closing back down.
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Re: Economy- Getting Better?
[Re: 1955Retiree]
#3169641
07/16/20 03:40 PM
07/16/20 03:40 PM
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Joined: Oct 2009
Posts: 5,689 Henry county
coldtrail
12 point
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12 point
Joined: Oct 2009
Posts: 5,689
Henry county
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How old are you now? If your within a couple years of you goal I would move it to some kind of asset management fund.
"And the days that I keep my gratitude Higher than my expectations Well, I have really good days" Ray Wylie Hubbard
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Re: Economy- Getting Better?
[Re: 1955Retiree]
#3169825
07/16/20 07:51 PM
07/16/20 07:51 PM
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Joined: Apr 2017
Posts: 1,076 the Flatwoods
Fldoghunter
6 point
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6 point
Joined: Apr 2017
Posts: 1,076
the Flatwoods
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I would worry myself to death if I looked at my retirement account all the time. I get quarterly statements, and thats enough for me. 2 quarters ago, my account was at 92k. Oct- Dec quarter it was 77k. The one I got for the end of March it was @ 98k.
The last quarter Obama was in charge of the economy, it was @ 48k...
May the sound of hounds never die!
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Re: Economy- Getting Better?
[Re: johndeere5036]
#3169904
07/16/20 09:15 PM
07/16/20 09:15 PM
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Joined: Jan 2013
Posts: 19,664 Pelham
Ben2
Old Mossy Horns
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Old Mossy Horns
Joined: Jan 2013
Posts: 19,664
Pelham
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I know the government needs to stop handing out money to worthless people that won’t work. I’ve got more work than I’ve ever had and can’t hardly find any help. Ive had people tell me there is no need for them to go to work when the make 800 a week on unemployment. I know several small businesses begging for help just like me and can’t find anyone. It’s crazy how sorry people are
Yep we were going to rehire a good employee that left a yr or so ago, this week. He asked when he would start we told him the next day. He said he would talk with his wife and let us know. Called back an ht later and said nah it would mess up his unemployment and he and his wife were going shopping the next day so work was not for him right now.
Last edited by Ben2; 07/16/20 09:15 PM.
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Re: Economy- Getting Better?
[Re: 1955Retiree]
#3169931
07/16/20 09:41 PM
07/16/20 09:41 PM
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Joined: Oct 2002
Posts: 18,070 Andalusia, Al. Covington Co.
DEADorALIVE
Old Mossy Horns
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Old Mossy Horns
Joined: Oct 2002
Posts: 18,070
Andalusia, Al. Covington Co.
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First quarter I dropped about 65K...back up to about where it started, now.
Well behaved women never make history.~ Out back Quit laughing...I think I broke something.
Fifteen is my limit on Schnitzen-Gruben, Baby...
I have OCD and ADD, so everything has to be perfect, but only for a minute.
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Re: Economy- Getting Better?
[Re: Ben2]
#3169935
07/16/20 09:45 PM
07/16/20 09:45 PM
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Joined: Feb 2015
Posts: 2,177 Eastbound and Down
dead_eye
8 point
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8 point
Joined: Feb 2015
Posts: 2,177
Eastbound and Down
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I know the government needs to stop handing out money to worthless people that won’t work. I’ve got more work than I’ve ever had and can’t hardly find any help. Ive had people tell me there is no need for them to go to work when the make 800 a week on unemployment. I know several small businesses begging for help just like me and can’t find anyone. It’s crazy how sorry people are
Yep we were going to rehire a good employee that left a yr or so ago, this week. He asked when he would start we told him the next day. He said he would talk with his wife and let us know. Called back an ht later and said nah it would mess up his unemployment and he and his wife were going shopping the next day so work was not for him right now. That is total BS. When does the $800 per month end?
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Re: Economy- Getting Better?
[Re: dead_eye]
#3169941
07/16/20 09:59 PM
07/16/20 09:59 PM
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Joined: Jan 2019
Posts: 413 Kims Corner, Al.
1955Retiree
OP
4 point
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OP
4 point
Joined: Jan 2019
Posts: 413
Kims Corner, Al.
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I know the government needs to stop handing out money to worthless people that won’t work. I’ve got more work than I’ve ever had and can’t hardly find any help. Ive had people tell me there is no need for them to go to work when the make 800 a week on unemployment. I know several small businesses begging for help just like me and can’t find anyone. It’s crazy how sorry people are
Yep we were going to rehire a good employee that left a yr or so ago, this week. He asked when he would start we told him the next day. He said he would talk with his wife and let us know. Called back an ht later and said nah it would mess up his unemployment and he and his wife were going shopping the next day so work was not for him right now. That is total BS. When does the $800 per month end? It is 800 a week if not mistaken.
It's not how much money you make, but how much you can keep.
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Re: Economy- Getting Better?
[Re: Ben2]
#3169946
07/16/20 10:07 PM
07/16/20 10:07 PM
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Joined: Feb 2016
Posts: 8,080 Right behind you
Mbrock
Fancy
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Fancy
Joined: Feb 2016
Posts: 8,080
Right behind you
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I know the government needs to stop handing out money to worthless people that won’t work. I’ve got more work than I’ve ever had and can’t hardly find any help. Ive had people tell me there is no need for them to go to work when the make 800 a week on unemployment. I know several small businesses begging for help just like me and can’t find anyone. It’s crazy how sorry people are
Yep we were going to rehire a good employee that left a yr or so ago, this week. He asked when he would start we told him the next day. He said he would talk with his wife and let us know. Called back an ht later and said nah it would mess up his unemployment and he and his wife were going shopping the next day so work was not for him right now. Ben if I’m not mistaken once an employer offers them a job their benefits can be removed if they refuse to go to work. Am I wrong?
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Re: Economy- Getting Better?
[Re: Mbrock]
#3169947
07/16/20 10:09 PM
07/16/20 10:09 PM
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Joined: Mar 2018
Posts: 16,827 Banana Republic
jb20
Old Mossy Horns
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Old Mossy Horns
Joined: Mar 2018
Posts: 16,827
Banana Republic
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I know the government needs to stop handing out money to worthless people that won’t work. I’ve got more work than I’ve ever had and can’t hardly find any help. Ive had people tell me there is no need for them to go to work when the make 800 a week on unemployment. I know several small businesses begging for help just like me and can’t find anyone. It’s crazy how sorry people are
Yep we were going to rehire a good employee that left a yr or so ago, this week. He asked when he would start we told him the next day. He said he would talk with his wife and let us know. Called back an ht later and said nah it would mess up his unemployment and he and his wife were going shopping the next day so work was not for him right now. Ben if I’m not mistaken once an employer offers them a job their benefits can be removed if they refuse to go to work. Am I wrong? Prob right but they aint a good process of reporting that...
They who can give up essential liberty to obtain a little temporary safety, deserve neither liberty nor safety. Ben Franklin
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Re: Economy- Getting Better?
[Re: Mbrock]
#3169961
07/16/20 10:25 PM
07/16/20 10:25 PM
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Joined: Jan 2013
Posts: 19,664 Pelham
Ben2
Old Mossy Horns
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Old Mossy Horns
Joined: Jan 2013
Posts: 19,664
Pelham
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I know the government needs to stop handing out money to worthless people that won’t work. I’ve got more work than I’ve ever had and can’t hardly find any help. Ive had people tell me there is no need for them to go to work when the make 800 a week on unemployment. I know several small businesses begging for help just like me and can’t find anyone. It’s crazy how sorry people are
Yep we were going to rehire a good employee that left a yr or so ago, this week. He asked when he would start we told him the next day. He said he would talk with his wife and let us know. Called back an ht later and said nah it would mess up his unemployment and he and his wife were going shopping the next day so work was not for him right now. Ben if I’m not mistaken once an employer offers them a job their benefits can be removed if they refuse to go to work. Am I wrong? He is not my employee. He reports that he applied for jobs to unemployment they never ask us who applied. I wish that was the case though
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Re: Economy- Getting Better?
[Re: 1955Retiree]
#3169971
07/16/20 10:34 PM
07/16/20 10:34 PM
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Joined: Sep 2004
Posts: 36,184 alabama
BhamFred
Freak of Nature
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Freak of Nature
Joined: Sep 2004
Posts: 36,184
alabama
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$800 a week and ends this month
I've spent most of the money I've made in my lifetime on hunting and fishing. The rest I just wasted.....
proud Cracker-Americaan
muslims are like coyotes, only good one is a dead one
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