Market Chatter

[jaF0]

The Dow and the S&P have been on a roll lately after a lackluster first half of the year. The BritMess seems not to have mattered ... yet. Oil was playing havoc with the markets for a long while, but that seems to have stabilized too. Who knows what will happen in November. Or January.


But I need to make some decisions.

I have a market based fund that I may be ready to start tapping. I have three choices.

1. Close it, pulling all funds into an Annuity that pays level payments for a number of years. Probably would exceed my lifetime depending on how much I want each month.

2. Leave the balance as is, but pull monthly payments that draw off the principle. Remainder would fluctuate with the market. Probably would exceed my lifetime depending on how much I want each month.

3. Pull some portion in a lump some or monthly payments while not affecting the remainder.

Combined with other payments, it may affect my current $0 tax status, which I really don't want to do, but might have to.

 

[Lancecastor]

Plastics.

 

[Lord Pmann]

Ticker ROP. Roper Tech. Put it all in!!!! On Monday, you'll thank me.

 

[kismet999]

The Dow and the S&P have been on a roll lately after a lackluster first half of the year. The BritMess seems not to have mattered ... yet. Oil was playing havoc with the markets for a long while, but that seems to have stabilized too. Who knows what will happen in November. Or January.


But I need to make some decisions.

I have a market based fund that I may be ready to start tapping. I have three choices.

1. Close it, pulling all funds into an Annuity that pays level payments for a number of years. Probably would exceed my lifetime depending on how much I want each month.

2. Leave the balance as is, but pull monthly payments that draw off the principle. Remainder would fluctuate with the market. Probably would exceed my lifetime depending on how much I want each month.

3. Pull some portion in a lump some or monthly payments while not affecting the remainder.

Combined with other payments, it may affect my current $0 tax status, which I really don't want to do, but might have to.

How old are you?
Do you need the $$ now [for living expenses?]
What other assets do you have and are any tax deferred?

 

[pointless]

if you're posting that hoping for advice here i gotta say you're most likely already pretty much fucked.

 

[PeteHulbert37]

#1 and sooner the better!

 

[4est_4est_Gump]

Plastics.

*chuckle*

 

[4est_4est_Gump]

if you're posting that hoping for advice here i gotta say you're most likely already pretty much fucked.

Ditto

That's why I won't offer free advice; you get what you pay for.

 

[jaF0]

S&P is up around 400 this year. The previous 400 point climb took around 3 years.

 

[Hypoxia]

Invest where the Tromp family invests. Ya can't go wrong there!

 

[BobBalouski]

Today, December 18, 2017, 1BTC is currently exchanging around $19,000.

On February 11, 2011, 1BTC could be obtained for 1USD. If one simply splurged $250 on BTC at that exchange rate less than 7 years ago and simply sat on it, that $250 = $4,750,000 today; yes, that's $4.75 million.

Less than 7 months ago (May 2017), when 1BTC was exchanging around $1,620, a young couple I know rationally decided they had $500 to buy 0.29547859 Bitcoin with, fully accepting that they could afford to lose every ¢ of their $500 investment if worse case scenario came true. At the current 1BTC = $19,000 rate, their $500 = $5,614. Credible folks are predicting 1BTC will = $50,000 by the 4th of next July; if it reaches just half that, $25,000, just $6,000 from where it's at now, their $500 = $7,387. If it does hit $50,000 by 7/4, their initial $500 investment = almost $15,000 in just over a year.

There are some cypherpunk # crunchers who say 1BTC will eventually = $1,000,000. In fact, on July 17 of this year, world-class crazyman John McAfee (who also mines BTC and other cryptos) thrilled the 'net by proclaiming that if 1BTC doesn't = $500,000 within 3 years...

...I will eat my dick on national television.

Less than 3 weeks ago, McAfee doubled down on his crazy:

When I predicted Bitcoin at $500,000 by the end of 2020, it used a model that predicted $5,000 at the end of 2017. BTC has accelerated much faster than my model assumptions. I now predict Bircoin at $1 million by the end of 2020. I will still eat my dick if wrong. pic.twitter.com/WVx3E71nyD
— John McAfee (@officialmcafee) November 29, 2017

1.00 USD has 100 parts to it: 100 cents in 1 USD.

1.00000000 Bitcoin has 100,000,000 parts to it: 100,000,000 satoshis in 1 BTC.

Currently, 1 SAT (satoshi) = $0.0001882515.

Remember back in FEB 2011 when you could buy 1BTC for 1USD? That same $1 will nab you 5,322 satoshis today, which also currently = 0.00005322 BTC right now.

Which begs the question...

How many satoshi do you have in your Bitcoin wallet?

 

[jaF0]

S&P goin' for 3?

Up something like 400 last year, barely falling short of 2700 and now up around 35 for this year already. If it comes close to repeating last year, it will be well above 3,000

 

[Saint Peter]

I doubt that 2018 will be a repeat of 2017.

Still going up but how long can it last?

 

[Hypoxia]

I doubt that 2018 will be a repeat of 2017.

Still going up but how long can it last?

Robert Reich, pre-Clinton cabinetry, bragged about how he successfully predicted the 1987 market crash. How did he do it? Easy. He was a regular guest on a PBS news show. Every week for ten years, he predicted the crash. Eventually he was right.

Today is Friday. I hereby predict that all major financial indices will collapse in the next week. I'll make the same prediction next Friday. And the next. Yes, the Trompian economy is headed for the shitter. It's just a matter of when...