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Toker Villain
Big Wall climber
Toquerville, Utah
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Was pissed I missed out on Apple bitd, so last week when it dipped because of the low battery broo ha ha I was a buyer for ten round lots @ $170.
Its already up by thousands, but I'm sitting on it (day traders are parasites anyway).
Just gotta sack up and go for it. At least I can survive the losers, its not like free soloing,....
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blahblah
Gym climber
Boulder
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Was pissed I missed out on Apple bitd, so last week when it dipped because of the low battery broo ha ha I was a buyer for ten round lots @ $170.
Its already up by thousands, but I'm sitting on it (day traders are parasites anyway).
Apple is at 172 now.
I'm not sure exactly when you bought, but it appears that Apple is up significantly less than the market as a whole (say S&P 500) in the last week or so.
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Reilly
Mountain climber
The Other Monrovia- CA
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At least TV didn’t buy Tesla - down 2% today on news of further production problems. They’ve burned theough over 2 Billion in cash the past two quarters and are said to only have enough cash to last through the first quarter!
Moosie, SELL NOW!
If I was a betting man I would short Apple. The iPhone X isn’t selling and they don’t have anything else earthshaking in the pipeline.
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i-b-goB
Social climber
Wise Acres
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Take stock of your ass-ets!
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john hansen
climber
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When this thread started, Aug 28 2015 ,the Dow was at 16500.
Nasdaq was 4115,, S and P 1884.
That was right after the government shutdown.
Dow may top 25000 tomorrow,,,Nasdaq went over 7000 yesterday , S&P 2713.
There may be a correction coming ,or not. For now, will stay the course.
One other thing is that you are never going to cash out your whole portfolio in one year, hopefully more like over 20 or 25 years, so even if there is a 20 or even 30 percent downturn you would still have many years to recover as long as you are only taking out 6 or 7 % a year.
500000 x .07 = 35000
I think the real trick, is to die the same day as the money runs out. :)
EDIT: Every advisor I have ever talked to about annuities has said they are a bad idea,, except the guys trying to sell me annuities.
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zBrown
Ice climber
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Hey zB - take a look at this: 1960-2010, 1950-2010, 1920-2015
Pay attention the the axes
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blahblah
Gym climber
Boulder
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. . . I think the real trick, is to die the same day as the money runs out. :)
That's called an annuity.
Seems like a good idea for people who have no particular interest in leaving anything to anyone after death, but in practice they often seem to have a scam like quality (commissioned salespeople, high and non-transparent fees, etc.)
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Reilly
Mountain climber
The Other Monrovia- CA
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I pity you atheists.
Gold is up cause the buck is down. Not rocket science, or a precursor of the Apocalypse.
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Reilly
Mountain climber
The Other Monrovia- CA
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Moosie, I would but would you pay up? Who’s gonna hold our money?
A year ago I would not have. A lot of things have changed for the better since then.
Even the bond yield curve has improved, admittedly not a lot, but something.
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zBrown
Ice climber
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Well blah, may be a a memorable occasion. We agree on something. I think this happened once before.
Annuities.
(commissioned salespeople, high and non-transparent fees, etc.)
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zBrown
Ice climber
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I'll give ya the Clapton is god hypothesis, but it's weak. No doubt about the Holy Ghost.
Gawd himself wishes he'd never touched it.
-Po' Willie Brown
[Click to View YouTube Video]
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Gary
Social climber
Desolation Basin, Calif.
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"t is by no means obvious, on an ex ante basis, that tax rate cuts will ultimately lead to a larger economy," as the Brookings Institution's William Gale and Andrew Samwick wrote in a 2014 paper. Well-designed tax policy can increase growth, they wrote, but to do so, tax cuts have to come alongside spending cuts.
And even then, it can't just be any spending cuts — it has to be cuts to "unproductive" spending.
"I want to be clear — one can write down models where taxes generate big effects," Gale told NPR. But models are not the real world, he added. "The empirical evidence is quite different from the modeling results, and the empirical evidence is much weaker."
It's not just Gale. According to a 2012 report from the nonpartisan Congressional Research Service (referenced by the New York Times' David Leonhardt in a 2012 column), top marginal tax rates and economic growth have not appeared correlated over the past 60 years.
"Cuts to unproductive spending." That sounds like the Pentagon. But according to Ryan the cuts will be paid for by cutting medicare and social security.
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Bruce Morris
Trad climber
Soulsbyville, California
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Interesting that you bring that up about gold rising steadily lately, Moose. I've been noticing that too. Could be an indicator of a coming correction? But silver went up a while ago and then it went back down. Smart money could be moving into precious metals cause they smell a coming crash. Hard to say until it happens though.
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StahlBro
Trad climber
San Diego, CA
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This is pure irrational enthusiasm. There are no underlying changes to the US key economic indicators to justify this kind of growth. Dotcom and mortgage crisis all over again.
The insiders will cash out before the inevitable correction/collapse.
Same as it ever was. Unrestrained capitalism is the false god.
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Gary
Social climber
Desolation Basin, Calif.
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Unrestrained capitalism is the false god.
But...but...but...Venezuela!!!111
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zBrown
Ice climber
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Get high, buy, sell.
These two and a number of associates grossed over $100 million in around 4-5 years. What was the margin? I don't know but it was high (too).
How much jail time? Not that much considering the ROI.
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Reilly
Mountain climber
The Other Monrovia- CA
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Reilly, how about we compare our returns the end of the year.
Dood, I’m not that kinda guy, although I did enjoy “Hedwig and the Angry Inch”.
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zBrown
Ice climber
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^Where are your tax returnz, Doodah? We all love a parade.
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