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Epic's Account Talk
- Thread starter Epic
- Start date
Epic
Well-known member
Agreed. My parents are both still very active even in their upper 80's. And here we are at what seems to be the beginning of a substantial economic downturn that may last a year or more, so she lived to see the day. :laugh:
It just amazes me that these are the people that make millions of dollars and that we're supposed to put our trust in that they know what the hell they're doing. But just to give her the benefit of the doubt, look at when she said it and think about who was driving the bus at the time. The economy was robust and growing, so of course she had confidence in making such a statement. Too bad it now deserves a Kelso BURN ! ! ! ! :lmao:
It just amazes me that these are the people that make millions of dollars and that we're supposed to put our trust in that they know what the hell they're doing. But just to give her the benefit of the doubt, look at when she said it and think about who was driving the bus at the time. The economy was robust and growing, so of course she had confidence in making such a statement. Too bad it now deserves a Kelso BURN ! ! ! ! :lmao:
Epic
Well-known member
Just re-signed up on the new TSP site.
It's kind of a pain, but not totally horrible.
You can almost just use your old ID and password again, but you may have to modify the characters. New security questions (2 of them). And a PIN in case you need to access by phone.
The site looks kind of "cartoonish" compared to the old site. Not as "straightforward", with added graphics (not needed). Just have to get used to it I guess.
It's kind of a pain, but not totally horrible.
You can almost just use your old ID and password again, but you may have to modify the characters. New security questions (2 of them). And a PIN in case you need to access by phone.
The site looks kind of "cartoonish" compared to the old site. Not as "straightforward", with added graphics (not needed). Just have to get used to it I guess.
Epic
Well-known member
DreamboatAnnie
Well-known member
Thank you for posting this...great info! :smile:
Epic
Well-known member
Nat Gas anyone ? ? ? ?
https://www.forexlive.com/news/natu...l-restart-wont-come-until-late-2022-20220614/
https://www.forexlive.com/news/natu...l-restart-wont-come-until-late-2022-20220614/
Epic
Well-known member
The pain......but we already knew this, didn't we?? https://www.foxbusiness.com/markets/retirement-accounts-lose-trillions-stock-rut
This is a decent read, but this quote caught my eye...... "We've got a [Thrift Savings Plan], a 401, a 529," a second woman explained. "I don't want to look at it." She said the last time she glanced at her husband's TSP it was down $200,000."
Okay.....who is it??. . . LOL
But seriously.......I've known so many people / coworkers in the past who just never checked their accounts. Maybe a 200K plus loss means nothing to this individual. Maybe they have 2 to 3 Million already accumulated in their account, but still........that seems like a good bit to lose if you don't have to.
This is a decent read, but this quote caught my eye...... "We've got a [Thrift Savings Plan], a 401, a 529," a second woman explained. "I don't want to look at it." She said the last time she glanced at her husband's TSP it was down $200,000."
Okay.....who is it??. . . LOL
But seriously.......I've known so many people / coworkers in the past who just never checked their accounts. Maybe a 200K plus loss means nothing to this individual. Maybe they have 2 to 3 Million already accumulated in their account, but still........that seems like a good bit to lose if you don't have to.
Epic
Well-known member
I had no idea. I guess that's one way to look at it.
But if given the choice of being down -200K or being at 0 or in positive returns, I'll take the latter every time
.I'm at -2.46% for the year, and that drives me NUTZ . . . . . LOL :nuts: I hate it.... I'd much rather see positive returns, but the state of the Economy right now is a complete sh1tshow, so all I can do is wait patiently in G-Fund until there's a major overall shift in the Economy / Market in the positive direction.
I guess the point is, you don't have to lose. Avoiding loss in a bear market is just as important as acquiring gains, and there's plenty of helpful people on this forum who have great insight and are willing to share and help others navigate through crazy market fluctuations like these, but you need to actively be involved with your account. It's not really a "Set it and Forget it" kinda thing. Well, I guess you could do that, but that's totally up to the individual.
Ooppss, sorry.... I got to rambling there... Blah, Blah, Blah, Blah . . . . . . . . :beerchug:
Epic
Well-known member
Epic
Well-known member
And away we go . . . . . . . Looks lovely doesn't it??? :laugh:
https://www.investing.com/indices/indices-futures
https://www.investing.com/indices/indices-futures
Epic
Well-known member
https://www.foxnews.com/media/upcoming-inflation-data-bad-news-again-economist-ed-yardeni-warns
Yardeni Research President Edward Yardeni discussed what he believes Americans should expect from upcoming inflation data, warning that "it’s going to be bad news again."
...plus, Ira said in his latest vid that he's in the .75 rate hike camp now, and he also said that he can't imagine the JPow press conference on the 27th of July will be anything but Hawkish.
The question is, will the Market Rally for a day or 2 after the announcement, then drop like a rock the way it did the other 2 previous times??? Hmmmmm???? :scratchchin::scratchchin::scratchchin: I really wish I knew.....:worried:
Yardeni Research President Edward Yardeni discussed what he believes Americans should expect from upcoming inflation data, warning that "it’s going to be bad news again."
...plus, Ira said in his latest vid that he's in the .75 rate hike camp now, and he also said that he can't imagine the JPow press conference on the 27th of July will be anything but Hawkish.
The question is, will the Market Rally for a day or 2 after the announcement, then drop like a rock the way it did the other 2 previous times??? Hmmmmm???? :scratchchin::scratchchin::scratchchin: I really wish I knew.....:worried:
WorkFE
Well-known member
This is a take no prisoners type of market. Bigger question is does the market slowly creep up until the 27th, creating an inviting atmosphere, then "wham", back down to previous lows.
rangerray
Active member
I think until further notice we are in a "sell the rally" environment. I think the Fed continues until they break something, which it might take to get inflation under control.
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