Anybody else notice the DOW is now down YTD?

TOP said:
The point is everyone can shop wisely.... Prices fluctuate all the time and it did need to happen.... Quit being so stubborn....
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Funny how, according to you, people were incapable of "shopping wisely" when Biden was president. They were all starving and couldn't even afford Taylor Swift tickets, according to you. Prices have gone up, way up for some products like beef and coffee, since then.

Your slavish devotion to your #FatFascistFelon is unseemly and embarrassing. Stop humiliating yourself for gawd's sake. lol
 
Walt said:
With inflation coming, money buried in the backyard will lose value.

There are no 100% safe investments. There is no place to even store wealth that is 100% safe.

That you are thinking about it is a good sign. It is the people who think that things are safe that in the real trouble.
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Which is why Mr. Owl is our financial guru, while I'm just along for the ride. lol
 
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ThatOwlWoman said:
True. Because we are retired now, only 40% of our investments are in the markets. 16 years ago it was close to 60%.
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Most parents want to leave their kids something, but if the kids are successful, it's not really necessary. @Walt is correct that money buried in the backyard loses value over time, but if, as in my case, a person doesn't expect to live more than 15 years, then that becomes a more manageable calculation.

Between the Housing/Banking/Great Recession 15 years ago to Trump's fucking up the economy today, cumulative inflation has been almost 50%. What cost $1 in 2010 costs $1.50 today. https://www.usinflationcalculator.com/

Three other factors besides Stocks/401Ks/etc to consider are owning one's own home/property, pensions, and inheritances/outliving all your relatives. The same question I ask of the Oligarchs applies to everyone else: "How much money do you need to live comfortably for the rest of your life?"

As it is, my wife and I are fortunate to be comfortable. I don't need to follow the market since most of our financial investments are in stable areas that keep up with average inflation albeit not "investing for the future".

Walt said:
With inflation coming, money buried in the backyard will lose value.

There are no 100% safe investments. There is no place to even store wealth that is 100% safe.

That you are thinking about it is a good sign. It is the people who think that things are safe that in the real trouble.
Click to expand...
 
ThatOwlWoman said:
I'm not a coffee drinker but my mom sure was. Folgers was her favorite brand. I saw the Meijer weekly ad this morning has it "on sale" for $12.99 for 19.2 to 25.8 oz cans.
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I love my travel mug of coffee in the morning and stocked up when Trump first started his tariffs. However, with all of his yo-yoing, the price of my coffee has remained relatively stable.
 
Dutch Uncle said:
Most parents want to leave their kids something, but if the kids are successful, it's not really necessary. @Walt is correct that money buried in the backyard loses value over time, but if, as in my case, a person doesn't expect to live more than 15 years, then that becomes a more manageable calculation.

Between the Housing/Banking/Great Recession 15 years ago to Trump's fucking up the economy today, cumulative inflation has been almost 50%. What cost $1 in 2010 costs $1.50 today. https://www.usinflationcalculator.com/

Three other factors besides Stocks/401Ks/etc to consider are owning one's own home/property, pensions, and inheritances/outliving all your relatives. The same question I ask of the Oligarchs applies to everyone else: "How much money do you need to live comfortably for the rest of your life?"

As it is, my wife and I are fortunate to be comfortable. I don't need to follow the market since most of our financial investments are in stable areas that keep up with average inflation albeit not "investing for the future".
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I'm glad you guys are doing well too. Mr. Owl did the taxes the other day and was pleased that our post-retirement income is actually considerably higher than when we were working. We made our will a year ago. He has no children of his own but is fine with leaving our wealth to mine. Assuming we don't have to go in a nursing home and spend it all in our last years, they will each be millionaires when we journey on. They deserve it. They all invested in education and work hard at well-paying jobs. Two have masters degrees. I'm confident that they won't fritter it away on stupid stuff.
 
ThatOwlWoman said:
I'm glad you guys are doing well too. Mr. Owl did the taxes the other day and was pleased that our post-retirement income is actually considerably higher than when we were working. We made our will a year ago. He has no children of his own but is fine with leaving our wealth to mine. Assuming we don't have to go in a nursing home and spend it all in our last years, they will each be millionaires when we journey on. They deserve it. They all invested in education and work hard at well-paying jobs. Two have masters degrees. I'm confident that they won't fritter it away on stupid stuff.
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Unless one is fortunate enough to drop dead of a heart attack, the odds are most of us will end up in a care facility. The quality of which varies by state and personal finances.

FWIW, it appears that most JPP MAGAts are bitter, demented and, in all probability, living in a crappy care facility...which explains their bitterness. Too bad they aren't man enough to take fix their own miserable lives. Sad.
 
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