GOOD NEWS!

[Jim in CT]

if you’re not hoarding cash, you’re not paying attention.

Soaring interest rates, increases in credit card debt at higher rates, silicon valley giants announcing layoffs, god knows what’s going to happen to energy prices this winter, god knows what’s going to happen to housing prices with soaring mortgages of inventory ever increases,,yiu habe to think these interest rates are going to stifle consumer spending at some point, and that’s what drives our economy.

It’s not all bidens fault, Trump and Obama and Bush spent like lunatics. We’re due for a recession.

sell stocks, hoard cash, get back into stocks after the correction, hold
for years, you’re welcome.

[wdmso]

Originally Posted by Jim in CT

if you’re not hoarding cash, you’re not paying attention.

Soaring interest rates, increases in credit card debt at higher rates, silicon valley giants announcing layoffs, god knows what’s going to happen to energy prices this winter, god knows what’s going to happen to housing prices with soaring mortgages of inventory ever increases,,yiu habe to think these interest rates are going to stifle consumer spending at some point, and that’s what drives our economy.

It’s not all bidens fault, Trump and Obama and Bush spent like lunatics. We’re due for a recession.

sell stocks, hoard cash, get back into stocks after the correction, hold
for years, you’re welcome.

Same thing happened in the 1990

My mortgage interest rate was 10%

we survived and we’ll survive again

It could alway be worse UK inflation hits 41-year high of 11.1% as food and energy prices continue to soar

It’s global
Posted from my iPhone/Mobile device

[scottw]

Originally Posted by wdmso

we survived and we’ll survive again


Posted from my iPhone/Mobile device

I didn't say we wouldn't.....

[Jim in CT]

Originally Posted by scottw

I didn't say we wouldn't.....

they love responding to things that no one came close to saying. it’s easier than admitting politically inconvenient truths.

[Jim in CT]

Originally Posted by wdmso

Same thing happened in the 1990

My mortgage interest rate was 10%

we survived and we’ll survive again

It could alway be worse UK inflation hits 41-year high of 11.1% as food and energy prices continue to soar

It’s global
Posted from my iPhone/Mobile device

i didn’t hear anyone suggest we won’t survive. But some pain is probably coming. also some opportunity.

inflation is global. but (1) that doesn’t mean we didn’t make stupid
mistakes in both parties, to make it worse than it needed to be. And (2) covid was also global and you never once brought that up when trump was potus. How about a speck of honesty.

the feds out way, way too much money in circulation. Increasing the supply of something will decrease the value of that something. Even if that something is money.

[The Dad Fisherman]

Originally Posted by Jim in CT

sell stocks, hoard cash, get back into stocks after the correction, hold
for years, you’re welcome.

How does one do this if the majority are in 401k’s? Just curious
Posted from my iPhone/Mobile device

[Jim in CT]

Originally Posted by The Dad Fisherman

How does one do this if the majority are in 401k’s? Just curious
Posted from my iPhone/Mobile device

i’m in the same boat. Luckily I transferred 90% of my 401(k) from stock-based mutual funds, into cash/money market stuff. sometime after the recession hits, i’ll start moving it back into mutual funds that invest heavily in good stocks, like large-cap mutual funds. or an S&P500 index fund, many 401ks offer something like that. Assuming the market rebounds ( it always has after every downturn in history), i’ll earn a nice return.

its not as good as being able to buy individual stocks, but IN MY OPINION ONLY, a smart strategy with 401k funds. Market dips are buying opportunities if you have the cash, and only if you believe the market will eventually bounce back.

[Jim in CT]

Originally Posted by The Dad Fisherman

How does one do this if the majority are in 401k’s? Just curious
Posted from my iPhone/Mobile device

need to make sure you have a few years to leave it there, in case it takes that long to bounce back. Not a good idea to try this with money you know you’ll need soon!