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  1. #11
    null Jonny's Avatar
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    Nothing is particularly different about the fundamentals. The markets are just reaching the valuation levels that would have been projected prior to the 2016 election malaise. I'm not terribly worried. I would expect the markets to align pretty closely with the black dotted line going forward, unless something fundamentally changes.

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  2. #12
    Moderator Yuu's Avatar
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    One of the plus sides about being poor-this means nothing to me.
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  3. #13
    Senior Member Nicodemus's Avatar
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    Quote Originally Posted by Yuu View Post
    One of the plus sides about being poor-this means nothing to me.
    Because the stock market only affects the rich? Remember the housing bubble ten years ago?
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  4. #14
    Digital ambition Virtual ghost's Avatar
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    So, how far it has to fall before we can say that the new crisis is comming ?

  5. #15
    Moderator Yuu's Avatar
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    Quote Originally Posted by Nicodemus View Post
    Because the stock market only affects the rich? Remember the housing bubble ten years ago?
    Yes i do. Unless my entire family dies and leaves me a secret fortune buying a house will not be in my future.

  6. #16
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    Quote Originally Posted by Virtual ghost View Post
    So, how far it has to fall before we can say that the new crisis is comming ?
    Observe the rate of descent in previous crashes via Jonny's graph.
    In challenge lies opportunity.

  7. #17
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    Quote Originally Posted by Yuu View Post
    Yes i do. Unless my entire family dies and leaves me a secret fortune buying a house will not be in my future.
    You dont need what I would consider a fortune in order to be able to invest, you can accumulate from working and saving enough to invest before you are out of your twenties, through regular jobs, then for less than what you pay for a mobile phone connection you could set up a direct debt and have an actual investment account, choosing how much risk you want and leave it on auto-pilot, earning at least loyalty bonuses.

    Its not warren buffet stuff but not all investors are traders, that's an important distinction to make, you can simply invest in a fund and it will hopefully accrue value.

    When I think of how much money I've spent on scratch cards, lottery tickets, occasional visits to casinos (though those are fun too) and that money would have made an investment account too, easily, a small one, but one none the less.

    I wish I'd known about all this a LONG time ago but I did my own research, spoke to people who'd retired and spoken to independent advisors, read some good books from Amazon, like the barefoot investor, and adapted what I could from them (read some bad books too, which were fawning tributes to the great investors and richest people in the world full of platitudes and vagaries, not enlightening at all).

    The point is that I've had savings for a long time, they are small, nothing at all really compared to anyone who has been saving as a priority, its just a small amount at the end of each month's spending, not even the ten or twenty percent of post tax income they say you should save and when I read online blogs by people like mad fientist I wish I'd known how to marshal money like they do. A lot of this I really think is about social capital, rich people know how to manage even small amounts of money better than others in order to get it to work for you. Like I'd not dismiss, ignore or give up on the idea simply because you've not been born to it, you know?

  8. #18
    Senior Member ceecee's Avatar
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    Quote Originally Posted by asynartetic View Post
    Many of the poor and very poor who don't own homes will not see a big difference. Those living paycheck to paycheck and struggling to pay basic bills will not feel the effects as strongly as the middle class.

    They're already struggling and will continue to struggle, nothing new to them.
    Same with the market rising. It isn't going to impact struggling Americans in the way Trump tells them it will. But the drops are Obama's fault and those will only impact Democrats.
    I like to rock n' roll all night and *part* of every day. I usually have errands... I can only rock from like 1-3.
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  9. #19
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    I'm surprised and disappointed to hear that there's so many people who are excluded from the market and not even interested in seeing if they could change that, it shouldnt be about the rich getting richer or a sort of crazy casino stroke of good luck lotto win style gamble on a new one off innovation, like bit coin or google, I know not everyone is interested in money, besides spending it, and I also know that a lot happens to deliberately obscure what is happening and rip those not wary or in the know off, wolf of wall street isnt fiction after all, but I think it could have potential for passive income for most people.

    It makes as much sense, more even, than the scramble to create ranking videos on youtube or other online content for marketisation or commercialisation.

  10. #20
    Senior Member ceecee's Avatar
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    Quote Originally Posted by Survive & Stay Free View Post
    I'm surprised and disappointed to hear that there's so many people who are excluded from the market and not even interested in seeing if they could change that, it shouldnt be about the rich getting richer or a sort of crazy casino stroke of good luck lotto win style gamble on a new one off innovation, like bit coin or google, I know not everyone is interested in money, besides spending it, and I also know that a lot happens to deliberately obscure what is happening and rip those not wary or in the know off, wolf of wall street isnt fiction after all, but I think it could have potential for passive income for most people.

    It makes as much sense, more even, than the scramble to create ranking videos on youtube or other online content for marketisation or commercialisation.
    There is a difference between being excluded from the market and not being able to afford to participate. But the GOP is making sure to tie up any loose ends...

    Senate votes to eliminate Obama-era retirement rule | TheHill

    Before anyone utters - but, but, but IRA....stop speaking. The GOP made something more difficult for low income working people. The ones that they claim to be championing. Because a fraction of a dollar would be kept from the private sector who is clearly suffering. Think about that.
    I like to rock n' roll all night and *part* of every day. I usually have errands... I can only rock from like 1-3.
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