My account was losing money since well before the Dems got control of congress in 2007. And I don't have any capital gains, only capital losses, and 20% of nothing is still nothing.
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My account was losing money since well before the Dems got control of congress in 2007. And I don't have any capital gains, only capital losses, and 20% of nothing is still nothing.
I think your weednomics analogy might reach more people than my example using real numbers. LOLQuote:
Originally Posted by Bong30
Just about anything can be related back to good or weed :hippy:
It sounds like you don't know how to manage your mutual fund. Yes you have someone to do that for you but you know what.. if you're losing money multiple years in a row then it's time to change funds or find a new person to manage your mutual fund.Quote:
Originally Posted by khronik
Or do what makes most sense. Take control and invest your own money.
Honestly the money lost is no ones fault but you're own. If nothing else you could've at best put the money into a CD that wouldgive you enough for the rate of infation over the course of 5 years. You're just about guaranteed to not lose money.
Again an example of how you are responsible for how your money grows, not the government.
nope.. but increase the capital gains tax and those companies that are in your mutual fund will see even further losses and you'll lose even more of your 20k. I suggest you start researching funds and companies to see where your money is most profitable. Obviously it's not where you have it now.Quote:
And I don't have any capital gains, only capital losses, and 20% of nothing is still nothing
I'm not an investor, which is why I have my money invested in a managed mutual fund. I'm not sure the details, but if I pull it out now, I lose even more money. And pretty much everyone that has money invested in stocks is losing money too, not just me. The money I'm losing isn't a lot, but it's significant. No one can accurately predict the stock market, so I think I'll just keep my money in there and weather out the recession.
So, if Obama is president, and you have money invested in stocks and you lose money, then it's his fault, but if Bush is the president, and you have money invested in stocks and you lose money then it's no fault but your own?
You can most certainly predict the likelihood of a company becoming profitable and what it's projected growth will be. If you couldn't then men like Warren Buffet would be poor.Quote:
Originally Posted by khronik
Why will you lose money and how much money will you lose? How much money have you lost in this fund over the last 2-3 years? Do you see what I'm getting at? Does the amount you'd lose by pulling out come close to the amount you've lost already? If so then you should've backed out of your fund probably last year.
Honestly I'm not sure why you brought up the fact that you've lost money multiple years in a row. It wasn't relevant to the subject at hand or the government and was only about you.
The mutual fund part of your reply really didn't interest me in particular except that you would try to put a personal experience that you had the right and the oppurtunity to avoid, on to someone else (that's how it appeared in your post anyhow. Maybe you didn't mean it that way).
No.. I wouldn't blame any president. The stock market is the stock market. I have the right to not play it.Quote:
So, if Obama is president, and you have money invested in stocks and you lose money, then it's his fault, but if Bush is the president, and you have money invested in stocks and you lose money then it's no fault but your own?
I simply meant, the values that make America great. Rewarding hard work, individualism, and success, as opposed to punishing those that actually achieve the American dream. American values, competition, having faith that each person is capable to achieve whatever they want and has the ability within them to do so as long as they choose to. As opposed to the vision that most liberals have, that America is evil, certain groups of people just aren't capable of doing well without the help of big brother ect., that Americans aren't able to make decisions for themselves and need to be micromanaged. That anyone that has money is evil and is the reason that everyone else doesn't have money, (you know class warfare). You know, the liberal mantra. I am sure you feel like your "ideas" are very mainstream, likely because you surround yourself with limp wristed libs, this may explain why you don't think you are liberal, because in your eyes your not, you are just like everyone else on campus. LMFAO!Quote:
Originally Posted by khronik
Like I said, after you actually have some real life exp, you should come back and read some of the things you are saying now. Careful you may throw up a lil' in your mouth!:jointsmile: I would love to know if you change your mind on taking the money people earn once you are actually earning money.
p.s., there are liberals that actually understand America, American Values, and that do in fact love their country, they are just few and far between, obviously as evident here on this forum. (They do really believe they are right and have good intentions, they just happen to be wrong!)
Again, you are a real smart guy apparently, since you like to tell other people what they mean! The fact that you are a grad student kind of explains alot though! You should come back and re-read these posts about 7 years from now.
Maybe you should have invested in an oil company.:DQuote:
Originally Posted by khronik
You will have to wait for "this recession" to start before you can weather it. Do you even know the definition of recession?Quote:
Originally Posted by khronik
You need to put your trust in the government and buy savings bonds hahahahahahaha.
Oh and btw you cannot lose more by selling than you have already lost, all youi can do is lock in your losses. Don't they have economics classes at that graduate school?
I'm an engineer, not an economist. And you're wrong about how I can't lose more than I've already lost. If you pull out a CD early, you lose money, for instance. I'm not sure the details, and I will be the first to tell you I'm no Warren Buffet, (who supports raising the tax on capital gains by the way) but I know that if I pull out all my money at once, I'm boned.Quote:
Originally Posted by McDanger
Well, you assume that Obama is very "liberal" and then ascribe all this nonsense to "liberals" and therefore Obama. I worked for two years after I got my undergraduate degree, and I just showed up on campus for the first time yesterday, so this BS about "surrounding myself with liberals on campus" is just that. My grandpa's been a Democrat his whole life, and he's 82. My dad has only ever voted for third-party candidates in the time I've known him, but he supports Obama. I have at least three uncles who each make over $150,000 a year, who all support Obama. Billionaires George Soros and Warren Buffet support Obama. So I don't see where you get off saying that no one with real-life experience could possibly support the guy.Quote:
Originally Posted by 8182KSKUSH
"likely because you surround yourself with limp wristed libs,"
Hey 818 you should really attempt some self control. Your posts are so reminiscent of a 10 year old bully calling people names. You seem to really struggle sticking to the facts and not putting people down. I am sure you have what you believe to be a real witty response to this post, but check yourself. Show some respect to other peoples opinions. Most of these political threads have you making absurdly exaggerated and offensive comments towards others.