Shoot The Breeze

[laskodell]

Looks like Trump is running away with PA now

Well these didn't age very well

 

[DankVectorz]

 

[Phillyman2633]

Personally I think that change is silly. TSP is a marathon, leave it alone. Stocks take dips and there have been countless catastrophic market crashes that come back. If you want to play with other investments, I think your observations are relevant, but I don’t fuck around guessing with my retirement.

most people that lose money in investments lose it because they’re scared, not dumb.

edit: I’ll go one step further and say it looks like an interesting time to be buying in, but don’t listen to people on forums

I tried to time the dip in Dec 2018 and missed out on probably $8k when the market shot back up. Not gonna make that mistake again. I got 20 years to minimum, 25 to mandatory so I'm 50% C, 30% S, 20% I and I'm not touching it for 15 years

 

[Merle]

I tried to time the dip in Dec 2018 and missed out on probably $8k when the market shot back up. Not gonna make that mistake again. I got 20 years to minimum, 25 to mandatory so I'm 50% C, 30% S, 20% I and I'm not touching it for 15 years

This is the way. Just keep buying in while everything’s low and wait for it to come back. One day that strategy might be wrong, but we’ll have more to worry about than retirement

 

[Logical_Mongoose]

Personally I think that change is silly. TSP is a marathon, leave it alone. Stocks take dips and there have been countless catastrophic market crashes that come back. If you want to play with other investments, I think your observations are relevant, but I don’t fuck around guessing with my retirement.

most people that lose money in investments lose it because they’re scared, not dumb.

Personally, I 100% agree with you that TSP is a marathon. I haven't touched mine since I set it on my lifecycle fund when I onboarded.

But I feel like the marathon is about to have us run over a condemned bridge (possible downturn next month, or standard gain), but there is an alternate run path that adds an extra quarter mile but we know is safe (G fund until maybe January).

More than anything, do ya'll see what I'm seeing with the 'Rona and societal/economic implications in the next month? Or did I wrap the tin-foil too tight around my head?

 

[laskodell]

 

[Merle]

Personally, I 100% agree with you that TSP is a marathon. I haven't touched mine since I set it on my lifecycle fund when I onboarded.

But I feel like the marathon is about to have us run over a condemned bridge (possible downturn next month, or standard gain), but there is an alternate run path that adds an extra quarter mile but we know is safe (G fund until maybe January).

More than anything, do ya'll see what I'm seeing with the 'Rona and societal/economic implications in the next month? Or did I wrap the tin-foil too tight around my head?

I don’t see anything thats so solid it would make it worth the kind of potential gains you’re talking about lol. Market seems to like Biden, and there’s a relief bill within reach
But put some money aside to play with to scratch that itch. It can be a fun hobby, if nothing else.

 

[ramfan402402]

View attachment 5323

Well these didn't age very well

Haha thank God. As much as I hate Biden, I'm even less thrilled with Trump minus reelection fears.

 

[JNev]

Haha thank God. As much as I hate Biden, I'm even less thrilled with Trump minus reelection fears.

It's interesting because Biden himself isn't like incredibly hateable (anyone has things not to like about them), but the fact he's the one we're forced to cheer for over Trump is just so sad.
Super old, boring, white guy who can barely get through speeches without cringeworthy "stutters".

 

[Billybob]

It's interesting because Biden himself isn't like incredibly hateable (anyone has things not to like about them), but the fact he's the one we're forced to cheer for over Trump is just so sad.
Super old, boring, white guy who can barely get through speeches without cringeworthy "stutters".

I don’t see him doing anything meaningful with a R senate, and maybe that’s what this country needs, a breather.

 

[StealthChain]

I don’t see him doing anything meaningful with a R senate, and maybe that’s what this country needs, a breather.

Until he becomes incapacitated or resigns in the first year due to health and Kamala takes over and tries to do what Trump always does just issuing EO's

 

[Peter Gibbons]

 

[Billybob]

Until he becomes incapacitated or resigns in the first year due to health and Kamala takes over and tries to do what Trump always does just issuing EO's

Guess we will just have to find out

 

[Peter Gibbons]

I don’t see him doing anything meaningful with a R senate, and maybe that’s what this country needs, a breather.

I'd argue that ineffective gov is the reason we are in this mess to begin with.

 

[AB19]

I hope they pull the patents to drug companies and make drugs cheap

 

[Peter Gibbons]

Deer/Turkey hunter here. I grew up with a few hundred acres of private land access to hunt, but I’ve changed states and now all I have is public land and boy is it a whole different world. I was spoiled as a young man

Ya you gotta be hungry for it to be successful on public land. I've hunted private land a handful of times and in always blown away at how much easier it is to fill a tag. Pressure does crazy things to deer brains haha

 

[CF]

“covid will disappear after the election!”

 

[AB19]

View attachment 5327
“covid will disappear after the election!”

Well I can’t see it because it’s too damn high

 

[Logical_Mongoose]

I hope they pull the patents to drug companies and make drugs cheap

Need to burn the entire healthcare system to the ground and start from scratch. I used to be a proponent of the Medicare for all who want it approach and then maybe universal from there when it proves itself (which I think it would), but I'm full-boat on single payer now.

I got a kidney stone in 2017 and my bill was $250 for the ER visit, CT scan, and RX's to get me through (Flomax and painkillers, wheeee!). My paycheck deduction for insurance is about $90.

My wife got a kidney stone this past August, 2 weeks before we got married. Her bill for the exact same treatment was $4,000. She made $12 an hour and her paycheck deduction for insurance was about $65.

That doesn't sit right with me and riles the hell out of my class warfare jimmies. People who make 1/3rd to 1/4th as much as me having to pay 16x as much for the exact same treatment because their insurance deduction in their paycheck is $65 as opposed to my $90. And then that in turn puts them into perpetual poverty because who the hell making $12 an hour can afford a $4k bill? Never mind the fact that it is an extremely common medical emergency that doesn't require anything other than an IV drip, some drugs, and a scan.

Nah, bro. Burn that sh*t to the ground.

 

[CF]

Need to burn the entire healthcare system to the ground and start from scratch. I used to be a proponent of the Medicare for all who want it approach and then maybe universal from there when it proves itself (which I think it would), but I'm full-boat on single payer now.

I got a kidney stone in 2017 and my bill was $250 for the ER visit, CT scan, and RX's to get me through (Flomax and painkillers, wheeee!). My paycheck deduction for insurance is about $90.

My wife got a kidney stone this past August, 2 weeks before we got married. Her bill for the exact same treatment was $4,000. She made $12 an hour and her paycheck deduction for insurance was about $65.

That doesn't sit right with me and riles the hell out of my class warfare jimmies. People who make 1/3rd to 1/4th as much as me having to pay 16x as much for the exact same treatment because their insurance deduction in their paycheck is $65 as opposed to my $90. And then that in turn puts them into perpetual poverty because who the hell making $12 an hour can afford a $4k bill? Never mind the fact that it is an extremely common medical emergency that doesn't require anything other than an IV drip, some drugs, and a scan.

Nah, bro. Burn that sh*t to the ground.