The Trump Presidency (Act V - The One Where Everybody Dies)

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Fast Eddie B said:
Don't have time right now, but maybe someone can calculate $20/week, earning the average rate of return from the S&P 500, and calculate its value over 20 or 30 years.

Compounding interest can result in some pretty large numbers, even with inflation figured in. Kind of a "guaranteed win" down the road.
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Can you refer me to these stocks that pay compound interest?
 
The Greater Fool said:
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But, if you don't have the kind of money above, you can still be a "player" in the stock market by buying mutual funds. You buy the mutual fund, they buy the stock. And, the price of entry was only $750.
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Hey, Lottery tickets are exciting! It's better than [literally] nothing!
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I don't think I understand your post. You understand what a mutual fund is, right? And ETFs? The minimum entry for the Vanguard S&P fund (and many of their others) is $3,000. And the expenses are minimal.

If you can't save $3,000, the buy-ins for the "roboadvisors" are less. Betterment has no minimum. Wealthfront's minimum is $500. And there are others. Your choice is certainly not the lottery or nothing.
https://investorjunkie.com/36355/betterment-vs-wealthfront/
https://www.nerdwallet.com/blog/investing/best-robo-advisors/
 
varwoche said:
It's tragic how we were on the cusp of peace in the mid-east, only to have a bureaucratic snafu muck things up. Soon we'll be saying, Where's Jared when we need him? Fortunately for us, the security clearance downgrade won't prevent Jared from modernizing the federal government and solving the opioid crisis.
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But his middle east peace plans are right out. And he was so close to solving that one.
 
varwoche said:
It's tragic how we were on the cusp of peace in the mid-east, only to have a bureaucratic snafu muck things up. Soon we'll be saying, Where's Jared when we need him? Fortunately for us, the security clearance downgrade won't prevent Jared from modernizing the federal government and solving the opioid crisis.
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Well, according to the White House, even though he has a lesser security clearance than before, this won't affect his ability to do exactly the same job as before. Which means that either he didn't need that clearance in the first place, or he's now going to be receiving information that he's not cleared to receive.
 
Squeegee Beckenheim said:
Well, according to the White House, even though he has a lesser security clearance than before, this won't affect his ability to do exactly the same job as before. Which means that either he didn't need that clearance in the first place, or he's now going to be receiving information that he's not cleared to receive.
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He will just be doing what other nations pay him to do anyway so his clearance isn't important.

https://www.washingtonpost.com/world/national-security/kushners-overseas-contacts-raise-concerns-as-foreign-officials-seek-leverage/2018/02/27/16bbc052-18c3-11e8-942d-16a950029788_story.html?utm_term=.7aed59814fbf
 
Can someone explain to me why we get to lecture poor people on how they spend their money, pay their taxes and second-guess their lifestyles, but not the rich?

How many grandmas worth of scratch-offs could you buy for the price of one rich dickbag's private jet? Which do you think would be more effective at circulating money back into the economy (hint: it's the scratch-offs)?
 
Bob001 said:
I don't think I understand your post. You understand what a mutual fund is, right? And ETFs? The minimum entry for the Vanguard S&P fund (and many of their others) is $3,000. And the expenses are minimal.
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Yes, as I said. But, my post was talking about the people spending $5 or $10 a week (or less) on Lottery tickets being told how [negative verb] to convert those funds to investments and the wonderful returns they could get. My post was addressing the barriers of entry to these would be investors. In your example of saving the mentioned $5-10 per week would be saving for close to 10 (or 5) years in a passbook savings account, a net loss when accounting for inflation at the time.

Bob001 said:
If you can't save $3,000, the buy-ins for the "roboadvisors" are less. Betterment has no minimum. Wealthfront's minimum is $500. And there are others. Your choice is certainly not the lottery or nothing.
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Again, thanks for restating my point. And, as I said, 35 years ago was a different matter. At the time, I could not find anything under a $500 buy in (and no small additions, usually 1/2 the buy in, BTW) that performed better than inflation, or even better than the passbook.

When I finally got to the point that I could save some cash, sending the money via cashiers check (kaching!) mailed registered (kaching!) to a fund on the other side of the country. The costs of getting the money to the fund ate up any profit I would get for a while.

And, of course, liquidity was a huge issue. My money would be unavailable to me in the event of an emergency. Sure, today it would be couple clicks away, then? Mail a request, get the money in the mail, promised within 6 weeks once got it. Again, registered mail (kaching!) and if you want to rush it, you can pay (Kaching!). No/low entry funds required a fee for withdrawal (kaching!). That would be terrible planning in my opinion.
 
tyr_13 said:
They're called 'dividends', which isn't exactly the same thing but can be employed for a not dissimilar outcome.
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If you own a stock outright, many allow you to enroll in a dividend reinvestment program. That also provides the benefit of dollar cost averaging.

If you own via a broker, it’s easy to monitor accruing dividends and to reinvest them on a regular basis.

Finally, did not mean to judge or lecture.

The assertion was made that only 2% of Americans owned stock. I just wanted to correct that and propose how more people might be encouraged to participate in the stock market, and hence in the growth it has historically provided.

Sorry for the hijack. Maybe I’ll start a separate thread on the topic later.
 
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[url="https://www.salon.com/2018/02/27/stephen-miller-falls-asleep-during-white-house-school-safety-meeting/']To be fair, hearing stories about terrified children is the only way Stephen Miller can get to sleep - Chase Mitchell[/url]
 
Beelzebuddy said:
Can someone explain to me why we get to lecture poor people on how they spend their money, pay their taxes and second-guess their lifestyles, but not the rich?

How many grandmas worth of scratch-offs could you buy for the price of one rich dickbag's private jet? Which do you think would be more effective at circulating money back into the economy (hint: it's the scratch-offs)?
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Rich people own the media.
 
Fast Eddie B said:
If you own a stock outright, many allow you to enroll in a dividend reinvestment program. That also provides the benefit of dollar cost averaging.

If you own via a broker, it’s easy to monitor accruing dividends and to reinvest them on a regular basis.

Finally, did not mean to judge or lecture.

The assertion was made that only 2% of Americans owned stock. I just wanted to correct that and propose how more people might be encouraged to participate in the stock market, and hence in the growth it has historically provided.

Sorry for the hijack. Maybe I’ll start a separate thread on the topic later.
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Thank you, that's the term I couldn't remember. I did that with my last company's stock program (they also matched 15%).

Don't worry; I don't think you're coming off as judgemental or lecturing.
 
Hope Hicks admits she tells 'white lies' for Trump but not about Russia inquiry

https://www.theguardian.com/us-news/2018/feb/28/hope-hicks-donald-trump-russia-investigation

I must be in bizzaro universe.

Hicks did answer a question about whether she had ever lied for her boss, saying she had told “white lies” for Trump on occasion, according to a person familiar with the testimony. The person, who declined to be named because the committee’s interviews are not public, said Hicks told the panel she had not lied about anything substantive.
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Yeah, we lie, but it’s not big.
 
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The faculty at Lehigh University has voted that the college should rescind President Trump's honorary degree.

Faculty voted online, with 83 percent of respondents saying the university should rescind the degree the president received in 1988, WFMZ-TV reported.

The vote had a 76 percent response rate among the faculty, according to the publication.

Faculty members had argued that Trump's actions do not fall in line with the university's character or standards.

http://thehill.com/blogs/blog-brief...-lehigh-vote-university-should-rescind-trumps
 
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