4 of 5 Job losses have been men
- Thread starter Topspin
- Start date
cawacko
Well-known member
Haha... was just talking to a girl who got from back from NYC and she was saying the coffee houses were full of men during the day (obviously out of work men) like she had never seen before. Also said (not surprisingly) the vibe around NYC was a lot more depressed.
More depressed? Yeah, that is quite a shocker.
Or was there just a bit more Depression hanging in the air?
lol what should i buy with? im out of dry powder.
no way. i did 25% of my salary the first 8 years of my career like a good boy. i could have paid my house off with that money.. instead its down 85%.
I put in what it takes to get the max match and not a penny more. i then do my max esop which assures me a 30% annual return. And i pay double mortgage. Not doing more 401crap
Topspin
Verified User
worse thing you could do now is stop, didn't you have a ridiculously low interest rate. The market averages 10% but it's not a straight up line. If you are under 40, why the fuck wouldn't you want to buy cheap. I'm mean other than the nauseating throw up a little in your mouth weakly feeling you get doing it.
im not going to stop. i do 6% plus i get 3%. My days of doing 25% are over with as stated above for now. I had almost 300k at age 32 in 2007 in my retirement accounts. I wont even telll u what its worth now. it makes me want to puke daily.
Topspin
Verified User
word me too, look at it like this it's paper losses your income is down 0.
One of the best charts I ever saw was one in the wall street journal showing 5 yr returns after P/E's were in different ranges from the current high of 22 down to the low which was higher than now. and the returns we're inverse to the pe. that was 4 or 5 yrs ago and totally caught me off guard. I always thought I was diversified with the S&P 500. At the time oil was cheap and so was Chevron's PE. I switched massively into Chevron. I started switching back last qtr of 2008.
I've cut back to 25% s&P and 75% bonds to get some sleep at night. They say you should have 100% - you age in bonds. I've never had any so I'm starting now. Your fifteen or twenty years younger you should keep accumulating the market will roar back.
One of the best charts I ever saw was one in the wall street journal showing 5 yr returns after P/E's were in different ranges from the current high of 22 down to the low which was higher than now. and the returns we're inverse to the pe. that was 4 or 5 yrs ago and totally caught me off guard. I always thought I was diversified with the S&P 500. At the time oil was cheap and so was Chevron's PE. I switched massively into Chevron. I started switching back last qtr of 2008.
I've cut back to 25% s&P and 75% bonds to get some sleep at night. They say you should have 100% - you age in bonds. I've never had any so I'm starting now. Your fifteen or twenty years younger you should keep accumulating the market will roar back.
I hope so. I am overly loaded up on alt energy shit tho. like 100k worth thats worth like 10k now. if that ever takes off ill be back to 2007 in no time.. BUT and a very big BUT.. chance it could go bust too.. Nobody cares about carbine footprint and alt energy when there aint no jobs and oil is dirt cheap.
My job out of college was giving people with 401k's advice. i know all about the age rules for risk.
Topspin
Verified User
wasn't imply you didn't know just showing what a pussy I am. LOL
I've been praying for this crash for 25yrs and now I'm slowing the shit out of my buying. Don't underestimate the retardation of the modern liberal with a major power in congress. this cap and trade is worse than retarded.
But billions into alt energy WILL create a 21st century NASA like rush to alt energy.
I'm down to a few thousand in ENER, but will get back into sunpower when my balls drop.
I've been praying for this crash for 25yrs and now I'm slowing the shit out of my buying. Don't underestimate the retardation of the modern liberal with a major power in congress. this cap and trade is worse than retarded.
But billions into alt energy WILL create a 21st century NASA like rush to alt energy.
I'm down to a few thousand in ENER, but will get back into sunpower when my balls drop.
Minister of Truth
Practically Perfect
KingCondanomation
New member
Do me a favor? Can you somehow pound that into the Democrat politicians brains over and over until they finally get it?
Topspin
Verified User
I second that, if there's a way for Obama to fuck himself cap and trade is it.
its the prudent thing to do however. How much would we save alone if we could dump the middle east oil needs.
Right now it has to be regulation that forces this cause as i stated the free market hates alt energy right now. solars down 90%.
KingCondanomation
New member
The free market hates it because as you said oil is cheap and in this economy people want cheap. Had you gotten out earlier you wouldn't say that. You made your choices and you are still better off than most, don't let revenge rob you and other investors of the freedom of choice.
Using the government to bring some of your stock up will not help in the long term and the way they are spending money and with a massive enlargening debt it's not sustainable anyway.
Topspin
Verified User
their input cost specifically poly silicon is way down as well. Each year they get cost down and output up. Obama is investing in R&D. Clinton's R&D helped with the hybrid battery. You may have to hold them for a while, but how much would you kick yourself if you sold down 90% and then they quadruple.
Sammy Jankis
Was it me?
Topspin will always advocate putting money into the house of cards. everyone who works in it will always say that. They're liars.