Been paying attention to the stock market again.....

[YY1]

Easier to say GF......but would understand if I just used an 'F'??

...as long as you made sure to depict it as a French "F".


...ohhhhhhh, that "F"......

 

[Cranky]

...as long as you made sure to depict it as a French "F".


...ohhhhhhh, that "F"......

 

[Hey-O]

I personally like safe investments versus risky investments even though that they may not pay as much. This morning, Submit and I went to our Credit union to withdraw our (just matured) CD deposit funds, take out the interest it earned as spending money, and redeposit the full principal in another bank that had a better rate. When I told the office lady what we were doing, she said to hold on for a while and that she would check with her boss(es) to see if they could offer us a better rate than their advertised rates. The same office lady saw us take out another sizable CD amount a month ago and this one is even larger. Well, I got a call this afternoon and they are going to give us a rate of 5.25% for a term of 15 months. The amount we are rolling over will generate enough interest to make it worth our while to keep it there. That works for us & we're going back down there tomorrow morning to make it happen.

It's funny, I feel like I'm living an episode of the Beverly Hillbillies where Mr. Drysdale will do anything to keep the Clampett's money in his bank.

I did the same thing, they have a rate for existing money or new money. I said have you looked at my accounts, not a problem, I'll take my old money down the street to meet some of my new money. She said excuse me please, came back a few minutes later and that was that. Who do these people think they kidding. 13 months.

 

[Bee1971]

BUY BUY BUY

Or is it

BYE BYE BYE

 

[dadsbee]

BUY BUY BUY

Or is it

BYE BYE BYE

Na, it's hold and ride time! But if you've got spare funds it's definitely Buy time before the day is over.

Just glad we pulled this years RSP amounts on a pretty good high 3+ weeks back, or we'd be snookered for this years projects that need to get paid for around here.

 

[Cranky]

BUY BUY BUY

Or is it

BYE BYE BYE

Haven't looked at it today but the news this morning said something about it being down some....

 

[Hey-O]

As bad as it has fallen, I've lost little, relative to what I have. I moved money around a few months ago anticipating these temporary fluctuations. I'm not buying anything.

 

[Hey-O]

I take no money from my investments, ever, except they make my house payments. This is the first time I've had a house payment in almost twenty years. I had my taxes done and with interest from my house and capital gains only on money used for my house payment, life's good. I made money on CD's that are still fixed at 5 percent till August. I'll reevaluate then.

 

[VANDAN]

We've been in a Recession for about 2yrs now, and they are just bringing the threat of one upcoming. Hopefully it will be short term, until the ship can be righted, and a new system unveiled...

 

[#41]

Moved to 80% fixed income near the peak in early Feb keeping only dividend utilities and staples stocks which are doing great.
E.g. VZ up 17% since then as people flee growth positions and seek refuge in essential goods and services.

I'm no whiz, but I don't think this one could have been any easier to see coming.

 

[Cranky]

I take no money from my investments, ever, except they make my house payments. This is the first time I've had a house payment in almost twenty years. I had my taxes done and with interest from my house and capital gains only on money used for my house payment, life's good. I made money on CD's that are still fixed at 5 percent till August. I'll reevaluate then.

Have a CD going too....and not much in the stock market these days.

 

[j-c-c-62]

We've been in a Recession for about 2yrs now, and they are just bringing the threat of one upcoming. Get ready for the Blame Game on 47's New Policies, to mask Our fallen economy. Hopefully it will be short term, until the ship can be righted, and a new system unveiled...

Who is "they"?
And why are the "they" the ones that are responsible and credible enough to sound the economic alarm that many would heed?

 

[dadsbee]

Let's not get this long standing post moved lads...

 

[VANDAN]

Let's not get this long standing post moved lads...

Yes, I didn't look at the forum, only the post, changed it up...

 

[Hey-O]

Have a CD going too....and not much in the stock market these days.

Old money has been there a long time. I kept my investments in IRA's low, tax liabilities. Money from flips is a different story. That cash, SS from both of us, small pension and cd's is all I need. The rest of it is of no use to me. I live a simple life now, nothing like when I was in the fast lane. It's a different life and I enjoy it.

 

[Hey-O]

Moved to 80% fixed income near the peak in early Feb keeping only dividend utilities and staples stocks which are doing great.
E.g. VZ up 17% since then as people flee growth positions and seek refuge in essential goods and services.

I'm no whiz, but I don't think this one could have been any easier to see coming.

All good moves and yes, we adapt to new ways. When in Rome, do as the Roman's do. I don't care who's driving.

 

[XS22J8R]

I have a couple stock mutual funds I’ve owned for ages. Some years they mess my taxes up with big capital gains distributions in December. I got hammered last year and I was depressed a few weeks ago finding out how much I still owe while doing my 2024 taxes.
I’ve wanted them gone for awhile to free me of the stress but didn’t want even bigger tax headaches selling them. Well, now maybe they’ll get crushed enough I can finally afford to sell those headaches. A silver lining to a black cloud this market is now! Crash you damn funds .
In the years since getting crushed in the year 2000 “tech wreck” I’ve focused more and more on good quality dividend stocks. I’m mostly looking for income streams as I approach retirement and try not to concern myself with what my net worth is from day to day, or even at all maybe. I ain’t gonna take anything with me, so just need to live well in the years I have left. I may just take advantage of this “fire sale” to buy me more income with quality dividend stocks.

 

[Cranky]

I have a couple stock mutual funds I’ve owned for ages. Some years they mess my taxes up with big capital gains distributions in December. I got hammered last year and I was depressed a few weeks ago finding out how much I still owe while doing my 2024 taxes.
I’ve wanted them gone for awhile to free me of the stress but didn’t want even bigger tax headaches selling them. Well, now maybe they’ll get crushed enough I can finally afford to sell those headaches. A silver lining to a black cloud this market is now! Crash you damn funds .
In the years since getting crushed in the year 2000 “tech wreck” I’ve focused more and more on good quality dividend stocks. I’m mostly looking for income streams as I approach retirement and try not to concern myself with what my net worth is from day to day, or even at all maybe. I ain’t gonna take anything with me, so just need to live well in the years I have left. I may just take advantage of this “fire sale” to buy me more income with quality dividend stocks.

I was in a couple of dividend stocks that I thought were good and they were until 2019 started happening. By the time things were done, I was down 30% then one of them lowered the dividend and it dropped another 10% in price. I recently licked my wounds and dumped it. For some reason I'm still hanging onto the other though...

 

[Hey-O]

I was in a couple of dividend stocks that I thought were good and they were until 2019 started happening. By the time things were done, I was down 30% then one of them lowered the dividend and it dropped another 10% in price. I recently licked my wounds and dumped it. For some reason I'm still hanging onto the other though...

I don't know what you have and it really doesn't matter. Most of the time we work through the down hill slide. It's usually a long ball game.

 

[68BabyBlue]

Old money has been there a long time. I kept my investments in IRA's low, tax liabilities. Money from flips is a different story. That cash, SS from both of us, small pension and cd's is all I need. The rest of it is of no use to me. I live a simple life now, nothing like when I was in the fast lane. It's a different life and I enjoy it.

Right on as always, Ulli. Thirty years ago, when my human capital was at its peak, I put major amounts into tax deferred instruments, still got beat up on taxes with my big salary, 100% in stock market indexes, never followed the market, didn't care if it went up or down, looking long haul. You were in a much better situation tax wise, with the house flipping. I posted earlier that the situation changed when I reached retirement age.

I still keep what some folks might consider a significant amount in the market, but it doesn't affect my day to day existence, merely a wild card for what my grand kids might get. Just filed my second tax return since retiring, and it is amazing how far a buck goes when you aren't paying income tax on it. Like you, I now get by fine on social security, and a small boost from the annuity.