"If you want your 401k's and stocks ..... to disintegrate and disappear, vote for the Radical Left."

So let me summarize. You gripe because you don't think I donated my stimulus check. When I point out I have donated many times that amount, you call me a liar. You have bought two new cars and have not donated anything at all.

As far as buying two new cars for just over $30,000, what on earth did you buy for that price?

 

The virus certainly did not FORCE lockdowns. It influenced peoples FREE WILL in the beginning. Only for a limited time through the summer before people understood how wrong it was. That was long enough to hurt many but VERY different from state to state. Look at FL vs CA and NYs economy. Look at the death toll comparison then look at who’s economy recovered faster. FL with NO mandates and Limited lockdowns. And remember mask mandates don’t apply to those marching for BLM. Then it’s FEELINGS over science. The party of hypocrisy

So get informed. Get educated. Stop watching CNN. Stop listening to the Dems distorted version of reality.

And regarding the stock market. Let’s see how long it lasts. Vaccines boost confidence....for now. Don’t know a single economist that isn’t predicting massive inflation due to Biden’s policy. And just wait for new Covid spikes as Dems ship Covid infected illegals across the country.

STIMULUS: And why should I give money back to the govt even if don’t need it? They’re already taking my money to give me money. Whatever they dole out it’s better on my pocket than theirs. Quite different from paying taxes. If YOU want higher taxes to pay for Dem policies YOU can freely hand over as much as you want. YOU want them to have your money. I don’t. So I’m not being a hypocrite keeping my own money. YOU are for not giving them more. Understand the difference? Probably not.

 

It really all depends on one's age, wealth, and temperament. Younger folks should just follow the Jack Bogle method. And honestly, a big crash would be the best thing that could happen for younger people who are still adding to their wealth - that would allow them to buy every week at the lower prices, instead of at the current high prices.

I wish their were some safe investments that paid a decent return to keep up with inflation, but for now, seems that equities are the best vehicle to maintain/grow wealth. However, because I am close to retirement, I am ready to bail at a moment's notice if/when this bubble pops. I'm not just going to "ride it out" because I need to protect what I already have.

 

I did not gripe at all, I merely asked a question.

I did not call you a liar, just pointed out that not everything we are told on the internet is true.

I have donated, even have a couple of T-shirts to prove it. I do not really keep track of it all till tax time.

A Kia Forte and a Ford Escape. Between the two we paid about 36,500.

Both were the best deal for the type of car we were looking for at the time

 

With the implication that I lied.

 

I don’t believe any mask mandates applied to anyone outside on public streets. That isn’t said to defend BLM as I couldn’t give two craps about them but to inform you about mask mandates.

 

I did not realize that Covid-19 was a smart virus that did not affect someone outside even when they are within feet or inches of each other.

 

So they closed down outdoor events, sports, parks and beaches in the same states that were perfectly fine with people marching in large packs for BLM. The mandates and logic went out the window in Blue states when it came to their attitude towards their pet groups. It’s why anyone with 2 brain cells knew they were all full of ****.

 

Maybe they should start playing baseball and football outdoors.

 

Who was “fine” with people marching? Govt has no control over a group of people who gather to protest. It is a 1st amendment right after all.

 

Good to see ya, QN

And thanks for pointing out what a laughable MORON trump is.

Anyway, as you surely know, that broad market index (S&P 500) bagged another record-high close today.

During the first quarter (Jan, Feb, Mar) of the year the index gained a solid 5.8%.

When that happens (Q1 gain), the index goes on to post a full calendar-year gain (that averages more than 16%) a very high percentage (>90%) of the time.

So the odds clearly favor a solid year for equities, but it wouldn't surprise me to see one or two significant pullbacks, or even a full-fledged correction along the way.

That said, let's welcome all the butt-hurt trumplings out there to the Biden BOOM...

https://www.cnbc.com/2021/04/09/the...oom-and-economists-believe-it-could-last.html

 

Good to see you back too, MJ.

As you mentioned, indices are at a record high (that's what indices do), so are my retirement accounts. So far, none of the doom and gloom has materialized that was predicted by Trump and his supporters in case of a Biden victory.

That doesn't mean, as you say, that a correction won't happen. Statistically, we are overdue. However, I tune out the noise and keep investing in my pre-determined asset allocation of stocks and bonds. If a crash DOES occur (and it WILL), I'll rebalance on the way down and up, making sure I'll buy some when other are selling. Worked well for me in 2008 and 2020.

Stay the course!!!