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Joined: Feb 2013
Posts: 21,805 Likes: 8
Campfire Ranger
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Campfire Ranger
Joined: Feb 2013
Posts: 21,805 Likes: 8 |
IMHO the difference between Japan and the US is spending.
If Japan says they will spend a trillion Yen on "Infrastructure, bridges and highways"... they ACTUALLY spend a trillion Yen on "Infrastructure, bridges and highways".
If US .GOV says they will spend a trillion dollars on "Infrastructure, bridges and highways"... they ACTUALLY spend a trillion dollars on utter bullchit with nothing actually going towards "Infrastructure, bridges or highways".
THAT IS THE FLAW.
ZERO FAITH by the US population.
If you are not actively engaging EVERY enemy you encounter... you are allowing another to fight for you... and that is cowardice... plain and simple.
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Joined: Aug 2005
Posts: 10,760
Campfire Outfitter
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Campfire Outfitter
Joined: Aug 2005
Posts: 10,760 |
^ +1. Corruption has taken a huge toll on faith in the government.
A true sportsman counts his achievements in proportion to the effort involved and fairness of the sport. - S. Pope
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Joined: Dec 2013
Posts: 44,455 Likes: 9
Campfire 'Bwana
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Campfire 'Bwana
Joined: Dec 2013
Posts: 44,455 Likes: 9 |
IMHO the difference between Japan and the US is spending.
If Japan says they will spend a trillion Yen on "Infrastructure, bridges and highways"... they ACTUALLY spend a trillion Yen on "Infrastructure, bridges and highways".
If US .GOV says they will spend a trillion dollars on "Infrastructure, bridges and highways"... they ACTUALLY spend a trillion dollars on utter bullchit with nothing actually going towards "Infrastructure, bridges or highways".
THAT IS THE FLAW.
ZERO FAITH by the US population. Word.
Slaves get what they need. Free men get what they want. Rehabilitation is way overrated. Orwell wasn't wrong. GOA member disappointed NRA member 24HCF SEARCH
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Joined: Mar 2010
Posts: 24,263 Likes: 10
Campfire Ranger
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Campfire Ranger
Joined: Mar 2010
Posts: 24,263 Likes: 10 |
Another great day in the market. Down and down it goes......
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Joined: Dec 2008
Posts: 8,312
Campfire Outfitter
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Campfire Outfitter
Joined: Dec 2008
Posts: 8,312 |
Another great day in the market. Down and down it goes...... But we are still up for the week, the markets ripping 
"Life is tough, even tougher if your stupid"
John Wayne
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Joined: Oct 2021
Posts: 10,817 Likes: 2
Campfire Outfitter
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OP
Campfire Outfitter
Joined: Oct 2021
Posts: 10,817 Likes: 2 |
Another great day in the market. Down and down it goes...... Gonna take away your voodoo stick, Dude ! Ain’t looking good.
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Joined: Oct 2021
Posts: 10,817 Likes: 2
Campfire Outfitter
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OP
Campfire Outfitter
Joined: Oct 2021
Posts: 10,817 Likes: 2 |
^ +1. Corruption has taken a huge toll on faith in the government. Corruption has always been with us and ever will be. The loss of faith in our government comes from a so called Justice System that’s a total failure.
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Joined: Feb 2009
Posts: 8,073
Campfire Outfitter
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Campfire Outfitter
Joined: Feb 2009
Posts: 8,073 |
Everyone would like to pick the bottom. Best to loose a little upside than to jump in to soon. This could last awhile. Hasbeen
hasbeen
(Better a has been than a never was!)
NRA Patron member
Try to live your life where the preacher doesn't have to lie at your funeral
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Joined: Nov 2002
Posts: 33,738 Likes: 3
Campfire 'Bwana
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Campfire 'Bwana
Joined: Nov 2002
Posts: 33,738 Likes: 3 |
Just letting it ride as usual.
Conduct is the best proof of character.
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Joined: Oct 2021
Posts: 10,817 Likes: 2
Campfire Outfitter
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OP
Campfire Outfitter
Joined: Oct 2021
Posts: 10,817 Likes: 2 |
Considering from earlier to close it looks like some folks are buying and see value for the DJIA.
NASDAQ ain’t looking good nor is tech.
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Joined: Oct 2021
Posts: 10,817 Likes: 2
Campfire Outfitter
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OP
Campfire Outfitter
Joined: Oct 2021
Posts: 10,817 Likes: 2 |
Market Futures are up for tomorrow (Wednesday).
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Joined: Aug 2001
Posts: 2,887
Campfire Regular
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Campfire Regular
Joined: Aug 2001
Posts: 2,887 |
I've been an investor for over 50 years, been through many ups and downs, worst one was 03, lost 40% of my portfolio, but stayed the course and dumped another 10K into it when it hit bottom.
Through all the swings, one thing has always happened, when we came out of it my investments always were worth more than when it began, this one is no different.
Investments are meant for the long term, not ever for day by day or even week by week.
So far I'm down about 12%, been retired for 21 years, Wife and I are living very comfortable on our pensions and SS, our investments are there for the kids, nice not to have to live on them.
"The older I get, the better I was"
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Joined: Oct 2021
Posts: 10,817 Likes: 2
Campfire Outfitter
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OP
Campfire Outfitter
Joined: Oct 2021
Posts: 10,817 Likes: 2 |
^^^^
Good plan that’s stood the test of time.
You did well.
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Joined: May 2004
Posts: 5,202
Campfire Tracker
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Campfire Tracker
Joined: May 2004
Posts: 5,202 |
JBMI, I wish I could say that. However, I am up 6% as of close today. I built my portfolio to do just what I wanted and it is nice to be successfull . I have not always been that way . In 2015 I went on my own and was done with my 3rd financial planner. Glad I did , I still follow his stocks and I still would hardly be up at all after 6 1/2 yrs. I have gained very close to the total market except for 2020 when the market gained 19% and I lost 8%. That hurt my feelings, but I stuck with the plan. This year is paying off and am 26% ahead of the total market. I have energy stocks, utilities, food, real estate healthcare and consumer staples. Im happy so far this year, however, next year may be different. In a year I am going to start phazing out of energy stocks a little and put them in whatever sector is unusually down. I hope and pray it works . I have 64 holdings. You may notice that tax free muni bonds did very well today . Mine (hyd) is up over 1%. I never saw a bond do that before. I gained .5% today .
Last edited by ihookem; 05/24/22.
But the fruits of the spirit is love, joy, peace, patience, kindness, goodness,faithfulness, Gentleness and self control. Against such things there is no law. Galations 5: 22&23
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Joined: Dec 2013
Posts: 23,686 Likes: 1
Campfire Ranger
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Campfire Ranger
Joined: Dec 2013
Posts: 23,686 Likes: 1 |
Just letting it ride as usual. Only smart course of action unless you’re smarter than the best Wall Street has to offer. The US economy for the most part is cyclical. My wife gets tweaked out and I always tell her to wake me up in 10 years when I hit 60 and I’ll start worrying about downturns.
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Joined: Nov 2013
Posts: 3,787
Campfire Tracker
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Campfire Tracker
Joined: Nov 2013
Posts: 3,787 |
Just letting it ride as usual. Only smart course of action unless you’re smarter than the best Wall Street has to offer. The US economy for the most part is cyclical. My wife gets tweaked out and I always tell her to wake me up in 10 years when I hit 60 and I’ll start worrying about downturns. That's how I feel about it too
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Joined: Dec 2013
Posts: 23,686 Likes: 1
Campfire Ranger
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Campfire Ranger
Joined: Dec 2013
Posts: 23,686 Likes: 1 |
Just letting it ride as usual. Only smart course of action unless you’re smarter than the best Wall Street has to offer. The US economy for the most part is cyclical. My wife gets tweaked out and I always tell her to wake me up in 10 years when I hit 60 and I’ll start worrying about downturns. That's how I feel about it too I’m one hell of a lot more concerned about the cost of fuel and food right now!
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Joined: Oct 2021
Posts: 10,817 Likes: 2
Campfire Outfitter
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OP
Campfire Outfitter
Joined: Oct 2021
Posts: 10,817 Likes: 2 |
Today aint looking too bad so far.
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Joined: Mar 2010
Posts: 24,263 Likes: 10
Campfire Ranger
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Campfire Ranger
Joined: Mar 2010
Posts: 24,263 Likes: 10 |
fed minutes released at 2 pm easter today
place yer bets gentlemen. lol
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Joined: Dec 2008
Posts: 8,312
Campfire Outfitter
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Campfire Outfitter
Joined: Dec 2008
Posts: 8,312 |
We are due for a bear market rally, but everyone knows it.
"Life is tough, even tougher if your stupid"
John Wayne
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