• Starting today August 7th, 2024, in order to post in the Married Couples, Courting Couples, or Singles forums, you will not be allowed to post if you have your Marital status designated as private. Announcements will be made in the respective forums as well but please note that if yours is currently listed as Private, you will need to submit a ticket in the Support Area to have yours changed.

Are you better off than you were 81 days ago?

Are you better off than you were 81 days ago?

  • YES.

    Votes: 9 29.0%
  • NO

    Votes: 22 71.0%

  • Total voters
    31

Fantine

Dona Quixote
Site Supporter
Jun 11, 2005
40,985
16,199
Fort Smith
✟1,373,956.00
Country
United States
Gender
Female
Faith
Catholic
Marital Status
Married
Politics
US-Democrat
I'll be surprised if anyone says "yes."
You can consider non-economic factors.
You may consider that issues like gun ownership, ending abortion, or deporting immigrants are worth economic pain to you. If so, please comment.
 

iluvatar5150

Well-Known Member
Site Supporter
Aug 3, 2012
29,184
28,762
Baltimore
✟721,212.00
Country
United States
Faith
Christian
Marital Status
Married
Politics
US-Democrat
Nope. Prior to the dead cat bounce, my accounts were down $150k since February (mainly flat for several months prior to that). Not sure where they are right now, but it’s probably still down over $100k.
 
Upvote 0

Maria Billingsley

Well-Known Member
Site Supporter
Oct 7, 2018
10,933
8,992
65
Martinez
✟1,114,395.00
Country
United States
Gender
Female
Faith
Christian
Marital Status
Married
I'll be surprised if anyone says "yes."
You can consider non-economic factors.
You may consider that issues like gun ownership, ending abortion, or deporting immigrants are worth economic pain to you. If so, please comment.
Well if I considered my children as well as myself, one was fired, one had to halt a shipment of goods from China and one is fearing her sales position for coffee will be gone. For me, many of my vendors have added a tariff charge to their goods.
Other than that, still loving the Lord!
 
Upvote 0

Fantine

Dona Quixote
Site Supporter
Jun 11, 2005
40,985
16,199
Fort Smith
✟1,373,956.00
Country
United States
Gender
Female
Faith
Catholic
Marital Status
Married
Politics
US-Democrat
Nope. Prior to the dead cat bounce, my accounts were down $150k since February (mainly flat for several months prior to that). Not sure where they are right now, but it’s probably still down over $100k.
Yuck. Me, too.
I think we're right around $100K. I don't check every day.
I'd been considering some renovation projects and replacing my car, but I'm putting it on hold.
I put it in perspective, as others are suffering more with a more fragile safety net.
 
  • Like
Reactions: iluvatar5150
Upvote 0

Richard T

Well-Known Member
Mar 25, 2018
2,884
1,851
traveling Asia
✟125,790.00
Country
United States
Gender
Male
Faith
Non-Denom
Marital Status
Single
Nope. Prior to the dead cat bounce, my accounts were down $150k since February (mainly flat for several months prior to that). Not sure where they are right now, but it’s probably still down over $100k.
I am better off financially because I have most of my money in short-term Treasuries. I also short the market in some of my portfolio and figured that the market was due for a correction. I still think that the road ahead is rough and likely even exceptionally negative. Jobs are going to dry up faster than the Sahara at dawn. Federal govt worker cuts, oil prices so low few will drill, and interest rates are rising on the long end, hurting the housing market. Not too mention even a ten percent tariff is a drain on the consumer plus even the dollar is weakening. I read too that the last two years of market gains were quite similar to the two years before 1929. I do hope you do well but even Buffet is trying to time this market as he cashed out on much of his holdings and put them in short term treasuries. Why Buffett now owns more T-bills than the Federal Reserve - Behind the Markets
 
Upvote 0

Fantine

Dona Quixote
Site Supporter
Jun 11, 2005
40,985
16,199
Fort Smith
✟1,373,956.00
Country
United States
Gender
Female
Faith
Catholic
Marital Status
Married
Politics
US-Democrat
I am better off financially because I have most of my money in short-term Treasuries. I also short the market in some of my portfolio and figured that the market was due for a correction. I still think that the road ahead is rough and likely even exceptionally negative. Jobs are going to dry up faster than the Sahara at dawn. Federal govt worker cuts, oil prices so low few will drill, and interest rates are rising on the long end, hurting the housing market. Not too mention even a ten percent tariff is a drain on the consumer plus even the dollar is weakening. I read too that the last two years of market gains were quite similar to the two years before 1929. I do hope you do well but even Buffet is trying to time this market as he cashed out on much of his holdings and put them in short term treasuries. Why Buffett now owns more T-bills than the Federal Reserve - Behind the Markets
Saw your profile. Do you work in Asia?
My middle child has two businesses in S. Korea. Economies all over the world are hit by this egotistical misadventure.
My son is hoping their dining/ entertainment venues will be rescued by tourism because the dollar is so low and his prime venue is in a great location.
But they have to keep reinventing and recalculating. During the pandemic they survived with take out and outliving less solvent competitors.
 
Upvote 0

seeking.IAM

A View From The Pew
Site Supporter
Feb 29, 2004
4,788
5,518
Indiana
✟1,117,519.00
Country
United States
Gender
Male
Faith
Anglican
Marital Status
Married
Not so well off: Investment balances. :moneybag:

Better off: My arteries are probably rejoicing and I get to live 5 days longer since I haven't been eating eggs for a while. Probably a short-term win though because POTUS promised. Anytime now. :rooster:
 
Upvote 0

Richard T

Well-Known Member
Mar 25, 2018
2,884
1,851
traveling Asia
✟125,790.00
Country
United States
Gender
Male
Faith
Non-Denom
Marital Status
Single
Saw your profile. Do you work in Asia?
My middle child has two businesses in S. Korea. Economies all over the world are hit by this egotistical misadventure.
My son is hoping their dining/ entertainment venues will be rescued by tourism because the dollar is so low and his prime venue is in a great location.
But they have to keep reinventing and recalculating. During the pandemic they survived with take out and outliving less solvent competitors.
I'm in the Philippines or Japan but am retired for now. Good food and management always help so it sounds like they will be successful. I was a poor investor in most bull markets, but I have learned to do well in down markets. With covid there was some easy money, but when the market turned around it can disappear fast. So I am trying out some option strategies like buying longer term puts and selling shorter term, out of the money puts. I missed some good moves though but in general I am doing better than just earning interest. I am fairly confident that there will be more negative data coming at both the macro and company level.
Spiritually, I think the "entrepreneurial age" where money is the pedestal (Coined from Indian teaching brought out by Ravi Batra a late professor from SMU) will come to an end. Who better represents this pinnacle of materialism better than Trump? So perhaps we are really on an edge of a new transition. Both Democrats and Republicans are being chastised for their excesses. I figure the good news is that if a major decline does happen the status quo will be broken and America can turn more to God. I think too about the bible's reversal of fortune both in early first Samuel and in Luke. The high will be brought low and the low high. So some interesting times ahead especially if the end times are being prepared to blossom soon. Hope I do not bore anyone with such musings. God bless
 
  • Like
Reactions: Laodicean60
Upvote 0

Always in His Presence

Jesus is the only Way
Site Supporter
Nov 15, 2006
48,917
17,530
Broken Arrow, OK
✟1,003,869.00
Country
United States
Gender
Male
Faith
Charismatic
Marital Status
Married
Politics
US-Others
I'll be surprised if anyone says "yes."
You can consider non-economic factors.
You may consider that issues like gun ownership, ending abortion, or deporting immigrants are worth economic pain to you. If so, please comment.
Absolutely yes.

Safer with the border finally under control

Safer with the proactive measures removing gang member and illegal aliens.

Financially my day to day has not changed, eggs are lower, groceries seem the same. Basic necessities of life have not changed.

I don’t judge my 401k because it changes day to day and I have been through a number of volatile markets. This being one of them.

Bring middle class we benefited really well with the last tax cuts and I can hardly wait to see the next ones.

Common sense has returned,
 
Upvote 0

Fantine

Dona Quixote
Site Supporter
Jun 11, 2005
40,985
16,199
Fort Smith
✟1,373,956.00
Country
United States
Gender
Female
Faith
Catholic
Marital Status
Married
Politics
US-Democrat
Absolutely yes.

Safer with the border finally under control

Safer with the proactive measures removing gang member and illegal aliens.

Financially my day to day has not changed, eggs are lower, groceries seem the same. Basic necessities of life have not changed.

I don’t judge my 401k because it changes day to day and I have been through a number of volatile markets. This being one of them.

Bring middle class we benefited really well with the last tax cuts and I can hardly wait to see the next ones.

Common sense has returned,
Being Catholic, being involved with social justice ministries, having hired Hispanic contractors and encountered them as nurses, lab technicians, restaurant workers, etc. in the community, my impression of immigrants is overwhelmingly positive. I have Hispanic friends, and my children have had Hispanic friends and classmates. I have never seen these heavily promoted "Hispanic gangs," but I went to the protest last Saturday and we needed police protection because the Proud Boys kept driving by shouting and harassing us.

When we cheer on a government that treats people as sub-human, sending them to virtual concentration camps in El Salvador without due process, we become a little less human ourselves. We lose the best part of ourselves, and I cannot participate in these heinously sinful deportations.

I would say costs are rising--homeowners' insurance, meat.

During the pandemic, a global disaster caused a market downtown. We saw the world working together to develop vaccines and treatments--with a few obvious exceptions in our country. But this is a unique incident, orchestrated by a leader who is trying to seize absolute power and employing economic policies that are universally condemned by economists and which, in 1930, caused a ten year depression that took a World War to get out of. He has shown himself to be adverse to listening to wiser voices, erratic and impulsive, unconcerned with the suffering of Americans and people around the globe.

So while I could "predict" that stocks would recover because the best minds the world over were working for solutions, we have what is basically an egotistical misadventure from someone who believes he is the ultimate authority.

We can't have confidence and trust. My only hope is that someone who thrives on adulation will relent when the anger of the people reaches a fever pitch. I estimate that will happen by June, and if it doesn't work, we are in big trouble.

I was still working when the 2017 tax cuts went into effect. The year I retired, several things happened that changed our fortunes for the better.

As far as common sense goes, when the federal workforce is being attacked by an AI meat cleaver wielded by teenage and Gen Z computer geeks; when TV personalities run the cabinet instead of people with expert qualifications; when the Cabinet member in charge of the CDC sees an eradicated disease reappear, causing two deaths and infecting hundreds of unvaccinated children---and suggests "vitamin A," I don't see a brain's worth of common sense in the whole bunch.
 
Upvote 0

SavedByGrace3

Jesus is Lord of ALL! (Not asking permission)
Site Supporter
Jun 6, 2002
20,573
4,348
Midlands
Visit site
✟730,308.00
Country
United States
Gender
Male
Faith
Christian
Marital Status
Married
Politics
US-Others
Since my investments (401k) are in a state-controlled "stable fund," we are actually better. When everyone else drops but you stay the same, you effectively go up.
I never make more than a couple percent on the stable fund, but I have never lost anything.
 
Upvote 0

mourningdove~

"Pray, and prepare ..."
Site Supporter
Dec 24, 2005
10,697
3,963
✟643,533.00
Country
United States
Gender
Female
Faith
Christian
Marital Status
Widowed
Are you better off than you were 81 days ago?
:oldthumbsup: ...
The border is under control.
Proactive measures are being taken to remove gang members and illegal immigrants.
*The invasion of America by illegal immigrants has come to a halt*
 
Upvote 0

Apple Sky

In Sight Like Unto An Emerald
Site Supporter
Jan 7, 2024
6,816
899
South Wales
✟229,693.00
Country
United Kingdom
Gender
Female
Faith
Christian
Marital Status
Married
I'll be surprised if anyone says "yes."
You can consider non-economic factors.
You may consider that issues like gun ownership, ending abortion, or deporting immigrants are worth economic pain to you. If so, please comment.

No, my health is deteriorating like crazy.
 
  • Prayers
Reactions: Fantine
Upvote 0

Always in His Presence

Jesus is the only Way
Site Supporter
Nov 15, 2006
48,917
17,530
Broken Arrow, OK
✟1,003,869.00
Country
United States
Gender
Male
Faith
Charismatic
Marital Status
Married
Politics
US-Others
Being Catholic, being involved with social justice ministries, having hired Hispanic contractors and encountered them as nurses, lab technicians, restaurant workers, etc. in the community, my impression of immigrants is overwhelmingly positive. I have Hispanic friends, and my children have had Hispanic friends and classmates. I have never seen these heavily promoted "Hispanic gangs," but I went to the protest last Saturday and we needed police protection because the Proud Boys kept driving by shouting and harassing us.

When we cheer on a government that treats people as sub-human, sending them to virtual concentration camps in El Salvador without due process, we become a little less human ourselves. We lose the best part of ourselves, and I cannot participate in these heinously sinful deportations.

I would say costs are rising--homeowners' insurance, meat.

During the pandemic, a global disaster caused a market downtown. We saw the world working together to develop vaccines and treatments--with a few obvious exceptions in our country. But this is a unique incident, orchestrated by a leader who is trying to seize absolute power and employing economic policies that are universally condemned by economists and which, in 1930, caused a ten year depression that took a World War to get out of. He has shown himself to be adverse to listening to wiser voices, erratic and impulsive, unconcerned with the suffering of Americans and people around the globe.

So while I could "predict" that stocks would recover because the best minds the world over were working for solutions, we have what is basically an egotistical misadventure from someone who believes he is the ultimate authority.

We can't have confidence and trust. My only hope is that someone who thrives on adulation will relent when the anger of the people reaches a fever pitch. I estimate that will happen by June, and if it doesn't work, we are in big trouble.

I was still working when the 2017 tax cuts went into effect. The year I retired, several things happened that changed our fortunes for the better.

As far as common sense goes, when the federal workforce is being attacked by an AI meat cleaver wielded by teenage and Gen Z computer geeks; when TV personalities run the cabinet instead of people with expert qualifications; when the Cabinet member in charge of the CDC sees an eradicated disease reappear, causing two deaths and infecting hundreds of unvaccinated children---and suggests "vitamin A," I don't see a brain's worth of common sense in the whole bunch.
Two things

First you asked if I was better off from 81 days ago. My answer was absolutely yes and I explained why.

If you don’t want the answer, don’t ask the question

Second. 70% of Hispanics support the deportation of illegal aliens, your diatribe is moot
 
  • Like
Reactions: FAITH-IN-HIM
Upvote 0

Fantine

Dona Quixote
Site Supporter
Jun 11, 2005
40,985
16,199
Fort Smith
✟1,373,956.00
Country
United States
Gender
Female
Faith
Catholic
Marital Status
Married
Politics
US-Democrat
Two things

First you asked if I was better off from 81 days ago. My answer was absolutely yes and I explained why.

If you don’t want the answer, don’t ask the question

Second. 70% of Hispanics support the deportation of illegal aliens, your diatribe is moot
I was relating my own experience, as you were.
I am not saying your experience is wrong.
Because everyone sees things through their own unique perspective.
 
Upvote 0

rambot

Senior Member
Apr 13, 2006
27,983
15,703
Up your nose....wid a rubbah hose.
✟437,814.00
Faith
Christian
Marital Status
Married
Politics
CA-Greens
Two things

First you asked if I was better off from 81 days ago. My answer was absolutely yes and I explained why.

If you don’t want the answer, don’t ask the question
The poster replied to your post.

This should be expected in.....a discussion forum.

So if you don't want people to respond to your posts, don't put the post up.... I guess I would say.
 
Upvote 0

wing2000

E pluribus unum
Site Supporter
Aug 18, 2012
24,350
20,498
✟1,696,881.00
Country
United States
Gender
Male
Faith
Christian
Marital Status
Married
Financially, it's too soon to say but I certainly may adjust my 401k to be less aggressive. I never imagined a POTUS would undermine the global trading system that has benefited the United States since the end of WW2.

Mentally, I find myself waking up at 3:30 AM and wondering how America was stupid enough to repeat the mistake of 2016.
 
Upvote 0

FAITH-IN-HIM

Well-Known Member
Aug 23, 2024
1,535
1,031
WI
✟43,645.00
Country
United States
Faith
Christian
Marital Status
Married
I'll be surprised if anyone says "yes."
You can consider non-economic factors.
You may consider that issues like gun ownership, ending abortion, or deporting immigrants are worth economic pain to you. If so, please comment.

My life is unchanged from 81 days ago. My family's well-being doesn't depend on who is in the White House or Congress. At home, we work hard, spend wisely, and trust God in everything.
 
Upvote 0