Ward, I'm not going to argue with you because it does not matter what I say. I stick to what I said. I've done better in my portfolio under Clinton, Obama, and Biden than under W. Bush and Trump. As the late great Joe Morrison used to say, "If it ain't broke, don't fix it".That's because Goldman is a key part of the Corporatist Party.
That report is as fake as Harris.
Players like Goldman, JP, Vanguard, etc. actively want a CBDC and if move your wealth into their pockets methodically through the conventional system.
Gensler is literally on the Goldman payroll to help block BTC from flourishing and establish a CBDC.
Where have you been Stock?
Ward, I try to be civil with you, obviously, to no avail. That's OK. It's your choice. I state facts, which you don't like. As I said, my investments have done much, much better under Clinton, Obama and Biden than under W. Bush and Trump. I know history. I don't believe in change, just for the sake of change.Not really arguing at all. Just stating the facts.
There are 5 types of investors:
1) Those who hold all cash. Otherwise known at the low-income class or poor. These people are getting absolutely crushed by current economic policy and M2 infusions. This is one example why Harris's CBDCs are a total disaster for people who already are struggling. It's a total con game.
2) Those who outsource to retail outlets like Edward Jones or Wells. These people are literally handing over a good portion of their gains to people who simply repackage the S&P and index funds. If you've held with them over 10 years, the accumulation is massive because of all of their silly recurring compounding fees. EJ and Wells point to their rate of return with total disregard for any other metric.
3) Those who invest directly in index funds. This class is mostly holding serve with money printing and inflation as the rise of the S&P is close to dollar for dollar with M2 infusions.
4) Those who invest a portion in index funds & a portion in other assets. This class can outperform the market if done correctly. For example, 80% in index and then 20% in tech stocks like NVDIA & BTC would offer alpha plus risk management.
5) Those who follow liquidity trends and DIY investing. This is a little more risky. However, the payoff literally can be in exponentials. New models like copytrading can be Kung Fu if you have the time. And it's probably worth the time.
But you know all of this you double-business-degree Kamala Harris supporter.
The markets have done better in the past 30 years under Democratic Presidents than Republican Presidents, as has my portfolio.
Again, I said Democratic Presidents than under Republican Presidents in the past 30 years, as a whole.
Yes, I read your excuses before and now again. Again, the markets did better in the past 30 years under Dem Presidents than Republican Presidents. The market went up 210% under Clinton and 180% under Obama. Even averaging them out, Trump came nowhere near that.
You are the foolish one. My gains have way outpaced inflation.
I have measured my gains by inflation numbers that have come out of both Democratic and Republican administrations. And again, that's going back some 30 years plus.
Good to know, my friend. And yes, believe it or not, I do consider you my friend as you are a Gamecock and seem to be interested in investments (at least crypto, if no other sectors).OK. We got it.
I understand Ward. I really do. Believe me, she was nowhere near my preference. Not even close.
Just a clarification: Clinton had a figurative balanced budget in that government spending was less than the amount budgeted that year. A true balanced budget means that the government spends only what it receives in tax revenues. Clinton, like all presidents during the last 70 years, still had to borrow money to spend that year thereby adding to the national debt. A balanced budget in government speak is not how companies and states operate.
I am in agreement with your first paragraph.
But that last goal regarding inflation is my most important goal.Sounds good. I’m less ambitious in my goals due to my elderly status, but when I was younger I had similar goals to yours.I am in agreement with your first paragraph.
Regarding your 2nd paragraph, I try to have goals in my investments. TO BE CLEAR, I DO NOT ALWAYS MEET THOSE GOALS. My goals are to get a 25% overall investment return for the year, to beat the S&P 500 by 12% and, most importantly, to beat inflation by 10%. Sometimes I meet all those goals and sometimes I just meet some. I'm sure that I probably have failed to meet all three in a year. But I tend to erase bad from my memory.
hah, correct me if I'm wrong but, I think we are the same age or very close to it. Did you not graduate from Carolina in 1974? I just like to challenge myself. The good news is that it's not "life or death".
Facts plus you must consider GDP under biden is propped up almost entirely by unnecessary/made up government jobs that will be eliminated upon their departure
One of my goals is to break the record in my family for longevity (at least the age I'm aware of). If I don't, that's fine. I look forward to a reunion with family and friends. It's amazing and sad to me how many people I went to school with have passed on. That's especially true of girls I knew. smh
I have predicted that Trump will win. I said that before Biden dropped out and shortly after. After seeing Harris' surge, I went to "coin toss". But now I see, or more accurately am hearing, that Harris' momentum has slowed. And I recently looked at swing state polls. The numbers show that as well. As you know, it's the swing states that matter. So I am back to predicting a Trump win.
That's because Goldman is a key part of the Corporatist Party.
That report is as fake as Harris.
Players like Goldman, JP, Vanguard, etc. actively want a CBDC and if move your wealth into their pockets methodically through the conventional system.
Gensler is literally on the Goldman payroll to help block BTC from flourishing and establish a CBDC.
Where have you been Stock?
Guys like Cuban have entire accounting departments that ensure he and his companies legally avoid excessive taxation. He knows he’ll never have to pay higher taxes. He’ll simply take advantage of tax credit investments that are actually carve-outs for the wealthy. The true costs of taxation are carried by the little guy that Cuban passes them along to.
