Shoot The Breeze 3.0

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Uglytaco said:
Politics aside:
- Nasdaq/stocks down
- Crypro down
- TSP/401K losses
- Fed raising interests by .50%

Curious to see what the smart investors on here would do? I know 32andBelow mentioned buying the dip. Any other thoughts?
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Anyone that kept buying during 2008 or Covid or any recession really has come out better over the long run.

Those of us that have 10-20+ years to go I don’t see why you wouldn’t keep buying.

Also with interest rates going up the g fund should start increasing. Also rates for savings accounts should start increasing.

Perspective is important

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Uglytaco said:
Politics aside:
- Nasdaq/stocks down
- Crypro down
- TSP/401K losses
- Fed raising interests by .50%

Curious to see what the smart investors on here would do? I know 32andBelow mentioned buying the dip. Any other thoughts?
Click to expand...
Max out TSP, limit purchasing in more liquid stock accounts. Shit is going to hit the fan in several ways in the next few years but in the long, long run it's always a bull market.
 
Billybob said:
Max out TSP, limit purchasing in more liquid stock accounts. Shit is going to hit the fan in several ways in the next few years but in the long, long run it's always a bull market.
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Not this time brother. This time is different. Only 2 outcomes and neither one is good. Either we return to sound money and the debt party comes to an end, government reigns in the spending and cuts entitlements, raises taxes and still defaults on a lot of its obligations because we are literally insolvent...... or the more likely and politically viable option where at the first sign of pain, they turn the printer back on and put it into hyperdrive which coincidentally results in hyperinflation and we all get fucked when the dollar is quite literally worthless. Yeah there will be a bull market on paper when that happens, but all that paper "wealth" will mean nothing when you can't buy shit with it. The party is over. Time to sober up and prepare for the worst hangover in the history of the world.
 
Peter Gibbons said:
The difference here is there being a safe, publicly available alternative that is widely available in all states to all segments of the public so you don't have to take the horse medicine to get the possibly life saving treatment you need vs that now becoming illegal and the only option for some being said horse medicine.

Yes there is certainly irony there at the surface level, but if you put an ounce of thought into it, it stops there.
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That surface level irony is the point. Both drugs clearly have human uses, but even with ivermectin’s many human uses, it was still branded as horse dewormer.

One of those “safe, publicly available alternatives” seems to have had those broad, question-it-and-be-canceled-forever labels revoked as of today, too, as someone just pointed out. Funny how that works.

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rhombus said:
People made fun of the Q crowd for taking ivermectin because it’s an antiparisitic
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I’m going to stop you right there before you rewrite history. The attacks didn’t have to do with the use, it had to do with taking what was widely labeled as “horse dewormer.” Don’t you remember the Rogan dustup about this?

rhombus said:
Your ignorance is showing
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Ironically the most correct thing about your post, but you’re clearly talking about yourself.
 
Homsar said:
That surface level irony is the point. Both drugs clearly have human uses, but even with ivermectin’s many human uses, it was still branded as horse dewormer.

One of those “safe, publicly available alternatives” seems to have had those broad, question-it-and-be-canceled-forever labels revoked as of today, too, as someone just pointed out. Funny how that works.

View attachment 7686


I’m going to stop you right there before you rewrite history. The attacks didn’t have to do with the use, it had to do with taking what was widely labeled as “horse dewormer.” Don’t you remember the Rogan dustup about this?


Ironically the most correct thing about your post, but you’re clearly talking about yourself.
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It was just made up the ivermectin worked against Covid. How do you not understand that. No one made up that the other drug worked against babies.

Also no one would care if you took ivermectin for an actual human use
 
32andBelow said:
Also no one would care if you took ivermectin for an actual human use
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Peter Gibbons said:
My understanding is that bubble is about to burst again. Not to epic 2008 proportions but it's set for a dip.
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This is what I hear too, but also that the housing market won’t dip much because it’s not the same scenario with the banks as of 08. Interest rates going up might drop the prices of the homes, but who knows.

Spaceforce said:
find a s&p500 index fund. Example: VTSAX
Low cost, just like the C fund in the TSP. If you’re making 120k+ you should be maxing tsp and an individual IRA. You can invest in index funds through IRAs too.
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I have heard of VTSAX before. Maybe I’ll open a T Rowe acct, unless you recommend a better company. Last 2 years I’ve been close to maxing out, this year should be the same. I opened an IRA through a credit union last year and put the $6K and another $6K this year, can I still open an index fund?
 
Uglytaco said:
I have heard of VTSAX before. Maybe I’ll open a T Rowe acct, unless you recommend a better company. Last 2 years I’ve been close to maxing out, this year should be the same. I opened an IRA through a credit union last year and put the $6K and another $6K this year, can I still open an index fund?
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An index fund is just something you can buy. An IRA is a kind of tax-advantaged account like the TSP/401k is a kind of tax-advantaged account—you can open a TSP and leave everything in cash or buy just the G fund or buy the C fund, which is an index fund. And you can open a non-tax-advantaged brokerage account and buy index funds within that account too.

First thing I would do is check your credit union IRA to see what it's actually invested in, because it's likely to be a CD that only earns a percentage or two interest per year or even less. What you want to do is invest that money in the stock market instead (an index fund, not individual stocks) and if your credit union isn't set up for that then you want to transfer the IRA to a brokerage firm that will allow you to invest in index funds. Vanguard, Fidelity, T Rowe Price, they're all essentially the same I think. Make super sure that you're doing a rollover or trustee-to-trustee transfer of the IRA, because if you just cash out the old IRA and manually send the money to the new IRA that will be a tax mess.

Once you have an account at a brokerage firm you can set up both an IRA and a normal non-tax-advantaged account. You can invest in whatever you like within each account.

VTSAX is a particular index fund offered by Vanguard which tracks the total US stock market, similar to buying 60% C fund and 40% S fund in the TSP. You will likely be able to buy VTSAX at non-Vanguard brokerages but likely with added fees. The big brokerages will all offer their own funds that also track the total stock market and you will probably save on fees if you buy the "house" funds.
 
Uglytaco said:
I have heard of VTSAX before. Maybe I’ll open a T Rowe acct, unless you recommend a better company. Last 2 years I’ve been close to maxing out, this year should be the same. I opened an IRA through a credit union last year and put the $6K and another $6K this year, can I still open an index fund?
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You can buy an index fund inside your ira. You but it the same way you’d buy a stock

Uglytaco said:
View attachment 7688
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It doesn’t work against Covid lmfao how dense are you guys
 
32andBelow said:
Imagine memeing about women losing access to health care. Pretty sick
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Access to Healthcare eh? I think that is the stupidest argument out there. Call it what it is, I oopsied and don't want to take care of this thing so I am going to kill it. Actual medically necessary abortions are the minority by a long shot. Rape/incest is less than 1%. Don't try and change the language to make yourself feel better.
 
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