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Complaint Thursdays

LabattBlue

By LabattBlue
in The Aud Club

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pastajoe Second Liner

pastajoe

Posted
Posted
1 hour ago, Weave said:

I didn’t want to retire soon anyway…..

I was going to retire in July 2020, but since I had to work from home and there was nowhere to go anyways, I delayed it until July 2021 when normalcy returned.

My wife and I have lost more value this year in our retirement investments than we made in salaries when working.  Fortunately we made a lot of gains over the past couple of years. But I sympathize with your predicament.

LGR4GM Hall of Famer

LGR4GM

Posted
Posted
10 minutes ago, pastajoe said:

I was going to retire in July 2020, but since I had to work from home and there was nowhere to go anyways, I delayed it until July 2021 when normalcy returned.

My wife and I have lost more value this year in our retirement investments than we made in salaries when working.  Fortunately we made a lot of gains over the past couple of years. But I sympathize with your predicament.

It will only be getting worse. Portfolio is down 6.75% compared to 2 months ago now. My complaint is that there is nothing I can do and it sucks. 

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SABRES 0311 First Liner

SABRES 0311

Posted
Posted
6 hours ago, Wyldnwoody44 said:

Childhood obesity. 

Idk when we became ok with it. It's one thing for you to not care about yourself once you're old enough to make those decisions.... But ouch, the number of children on insulin or ozempic is astounding. 

I still think it should be charged as child abuse. 

I didn’t know you could put kids on Ozempic.

Wyldnwoody44 All Star

Wyldnwoody44

Posted
Posted
1 hour ago, SABRES 0311 said:

I didn’t know you could put kids on Ozempic.

You're right, I think I meant to say metformin.. I don't deal with much peds unless they come into the ER so I'm not as familiar with the best management but I have seen them in DKA, and it's not type 1. 

 

The other thing we're seeing now is a huge increase In C6-C7 disc herniations from "tech neck" in younger populations from constantly being on smart devices. 

Pimlach All Star

Pimlach

Posted
Posted
5 hours ago, Weave said:

I didn’t want to retire soon anyway…..

I targeted 2020 to retire and covid hit. I’ve seen these corrections in pretty much every decade that I’ve been investing.  I get the extra certainty with this one, but the Covid sell off was much worse (so far) and the market rebounded.  

Hold on and ride it out.  If you can buy more stocks/funds in the down market.  

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SABRES 0311 First Liner

SABRES 0311

Posted
Posted
2 hours ago, Wyldnwoody44 said:

You're right, I think I meant to say metformin.. I don't deal with much peds unless they come into the ER so I'm not as familiar with the best management but I have seen them in DKA, and it's not type 1. 

 

The other thing we're seeing now is a huge increase In C6-C7 disc herniations from "tech neck" in younger populations from constantly being on smart devices. 

As I’m looking straight down at my phone.

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JohnC First Liner

JohnC

Posted
Posted
1 hour ago, Pimlach said:

I targeted 2020 to retire and covid hit. I’ve seen these corrections in pretty much every decade that I’ve been investing.  I get the extra certainty with this one, but the Covid sell off was much worse (so far) and the market rebounded.  

Hold on and ride it out.  If you can buy more stocks/funds in the down market.  

Normally, the advice you give about stocks in a down market is sound advice. However, the president's irrational and peculiar fascination with tariffs can cause a severe recession once the retaliation comes in from other countries. What makes this tariff issue more unnerving is that much of it is targeted at our allies. Buffalo is located on the border next to Canada. It is going to have a negative effect for western NY because fewer Canadians will cross the border to shop and do other activities. If this course continues there will be fewer Canadians coming to the arena to watch hockey. 

Pimlach All Star

Pimlach

Posted
Posted (edited)
16 minutes ago, JohnC said:

Normally, the advice you give about stocks in a down market is sound advice. However, the president's irrational and peculiar fascination with tariffs can cause a severe recession once the retaliation comes in from other countries. What makes this tariff issue more unnerving is that much of it is targeted at our allies. Buffalo is located on the border next to Canada. It is going to have a negative effect for western NY because fewer Canadians will cross the border to shop and do other activities. If this course continues there will be fewer Canadians coming to the arena to watch hockey. 

Yup.  I’m just trying to stay positive.

Hard to say what irrational behavior is next.  It could be several years of a down market.  If you’re young and adding to your nest-egg it’s probably an opportunity.   If you’re already retired and using some of your savings, like me, it feels like an unnecessary burden and it’s a double hit.  

Edited by Pimlach
JohnC First Liner

JohnC

Posted
Posted
Just now, Pimlach said:

Yup.  Hard to say what irrational behavior is next.  It could be several years of a down market.  If you’re young and adding to your nest-egg it’s probably an opportunity.   If you’re already retired and using some of your savings, like me, it feels like an unnecessary burden and it’s a double hit.  

Irrational behavior happened today in the Oval Office. A looney female conspiracy whack job talked to Trump at the WH and told him some national security staff were not loyal to him. It resulted in the firing of three members in that office. 

mjd1001 First Liner

mjd1001

Posted
Posted (edited)

This is getting somewhat political so I tread lightly, but to try to keep direct politics out of this....

The current leadership is doing, for the most part, what they said they would do when they campaigned.  Not much is happening that wasn't eluded to, or said outright that it would be done.  And, the country voted for this, so the country is getting exactly what it voted for.

You can say the choices weren't that great, but again, at least for the winning party, the candidate was chosen by voters.  We (the nation as a whole) are getting pretty much what we chose. (and often times what we choose is not what is best for us or anyone else, but rather we choose to 'own the other side', and we seem to, more and more, want things that will make someone else mad who you disagree with)

Edited by mjd1001
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