Originally posted by Sparko
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Originally posted by Sparko View PostI think I signed up as one as a joke, long before I was even Christian. Does that count? Or am I going to hell now?
I'm always still in trouble again
"You're by far the worst poster on TWeb" and "TWeb's biggest liar" --starlight (the guy who says Stalin was a right-winger)
"Overall I would rate the withdrawal from Afghanistan as by far the best thing Biden's done" --Starlight
"Of course, human life begins at fertilization that’s not the argument." --Tassman
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Originally posted by Sparko View PostOne thing I am doing right now to maximize my retirement is that I have my 401K mostly in growth stocks and index funds, which can be dangerous this close to retirement when they say you should be moving stocks into bluechips and bonds to maximize income and minimize risk. But if I did that I wouldn't have enough by the time I retire.
I am thinking of switching everything to bonds and safe investments a few months before the next election, just in case all that nonsense causes the stock market to crash. Then if things pick up again, move back to growth stocks."If you believe, take the first step, it leads to Jesus Christ. If you don't believe, take the first step all the same, for you are bidden to take it. No one wants to know about your faith or unbelief, your orders are to perform the act of obedience on the spot. Then you will find yourself in the situation where faith becomes possible and where faith exists in the true sense of the word." - Dietrich Bonhoeffer, The Cost of Discipleship
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Originally posted by myth View PostSo...no one can really predict the market, but keep in mind we're about 10 years in on a bull market. And historically bull markets last like 8 years (I think?). Either way, we're currently in the longest bull market in history. So I've been watching for signs of a recession soon. Dunno when it's gonna hit though.The first to state his case seems right until another comes and cross-examines him.
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Originally posted by myth View PostSo...no one can really predict the market, but keep in mind we're about 10 years in on a bull market. And historically bull markets last like 8 years (I think?). Either way, we're currently in the longest bull market in history. So I've been watching for signs of a recession soon. Dunno when it's gonna hit though.
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Originally posted by Sparko View PostOh I forgot... My employer also put in profit sharing into my 401K each year, which is really nice.The first to state his case seems right until another comes and cross-examines him.
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Originally posted by Sparko View Postyep. Even though I am putting in 15% and the company matches only 4%, the company's contribution to my 401K is actually higher than my contribution because of the profit sharing. We had a good year thanks to Trump.
When the union thugs were trying to force unionization, that was one of the points he'd make..... "Right now, I'm voluntarily sharing my wealth with you -- if you unionize, your union bosses will have to fight me tooth and nail for it".The first to state his case seems right until another comes and cross-examines him.
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Originally posted by myth View PostSo...no one can really predict the market, but keep in mind we're about 10 years in on a bull market. And historically bull markets last like 8 years (I think?). Either way, we're currently in the longest bull market in history. So I've been watching for signs of a recession soon. Dunno when it's gonna hit though.Last edited by Sparko; 08-14-2019, 01:09 PM.
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Originally posted by Sparko View PostRecession indicator blares loudest warning since 2007: How will the Fed respond?https://www.foxbusiness.com/economy/...ederal-reserveThe first to state his case seems right until another comes and cross-examines him.
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Originally posted by Cow Poke View PostSince this was triggered by a specific action that can, indeed, be mitigated or reversed, I'm not terribly worried, but still glad my entire retirement portfolio is 'locked' with a minimum floor - I can't lose anything.
I think I will wait a while before doing anything else. Which means the stock market will probably crash on me.
*eta - I actually mad $6 on the trade today! (not counting the cost of the trade though, which was $6.50)Last edited by Sparko; 08-14-2019, 01:26 PM.
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Originally posted by Sparko View PostI suck at timing such things. I just moved a lot of my stocks into an index fund in my 401k. Then this happens. - but maybe I got a "discount." Yeah that's the ticket.
I think I will wait a while before doing anything else. Which means the stock market will probably crash on me.
On my final day, having signed all the paperwork and all that LTIP officially in my name, I kept getting a really strong 'prompting' to dump the company stock. I thought, "yeah, I'll do that tomorrow, I just wanna get home". But I kept sensing this urgency to do it "today".
I knew of an Edward Jones location near work, so I stopped in there, and we converted ALL of my stock into my 401(k), and the very next day, the company stock plunged from $37 to $19.
I praise God to this very day for what could only have been the Lord protecting me from financial disaster.The first to state his case seems right until another comes and cross-examines him.
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Originally posted by Cow Poke View PostWhen I left the gas compression company, I had just been given LTIP (long term incentive plan) to keep me, vested over 3 years. The week after giving me this stock, they decided they could do my job from San Antonio, so they asked me to stay on for 4 months to train my replacement, and let me go. The GOOD NEWS is that all the LTIP (company stock) vests IMMEDIATELY if I leave not on my own!
On my final day, having signed all the paperwork and all that LTIP officially in my name, I kept getting a really strong 'prompting' to dump the company stock. I thought, "yeah, I'll do that tomorrow, I just wanna get home". But I kept sensing this urgency to do it "today".
I knew of an Edward Jones location near work, so I stopped in there, and we converted ALL of my stock into my 401(k), and the very next day, the company stock plunged from $37 to $19.
I praise God to this very day for what could only have been the Lord protecting me from financial disaster.
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