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Off-Topic Stock Market & Crypto Discussion

DoctorKrazey said:
Maaaaan capital gains tax is a mutha. Just got done getting my mother’s taxes done for her since she’s bed-ridden and all that Apple stock my pops sold before he passed away last year finally came due. She almost fainted when I told her she owes $27,747. That 20% rate hits hard lol.
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Inherit after death. Tax free. 1 year early.
 

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DoctorKrazey said:
Maaaaan capital gains tax is a mutha. Just got done getting my mother’s taxes done for her since she’s bed-ridden and all that Apple stock my pops sold before he passed away last year finally came due. She almost fainted when I told her she owes $27,747. That 20% rate hits hard lol.
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Sorry to hear that. Also, if he hung on to it, the cost basis should have switched to time of death. I’m sure he really needed it while still living, though.
 
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12:30
USD Continuing Jobless Claims
1.856M -2.87 1.9M 1.881M
12:30
USD Core Personal Consumption Expenditures (QoQ) (Q4)
2.6% -0.98 2.7% 2.7%
12:30
USD Goods Trade Balance (Feb) PREL
$-147.9B -0.88 $-134.5B $-156.8B
12:30
USD Gross Domestic Product Annualized (Q4)
2.4% 0.49 2.3% 2.3%
12:30
USD Gross Domestic Product Price Index (Q4)
2.3% -0.54 2.4% 2.4%
12:30
USD Initial Jobless Claims
224K -0.09 225K 225K
12:30
USD Initial Jobless Claims 4-week average
224K - - 228.75K
12:30
USD Personal Consumption Expenditures Prices (QoQ) (Q4)
2.4% 0.00 2.4% 2.4%

Jobless claims down
GDP Annualized up
Personal consumption even
These are 4th quarter results.
It remains to be seen if government job cuts will ease the debt, but with tax cuts, debt will rise…imo
 
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90scane said:
Maybe the silent/boomers but paying off a home loan then keeping it for 40plus years is a good way.
Younger generations- businesses
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I remember in the early 80's hearing that every dollar you put in a 401k between ages 20 and 30 will be worth more when you retire than every penny you put in from 31-65. I also remember IRAs being touted as a way to retire with a million dollars in the bank. There are plenty of people who worked and contributed to their 401k that made them millionaires. I do believe that figure could be true. Now more recently I can believe it's from real estate appreciation and the like.

But what really cheeses me off was that early 80's promise of retirement at 65. **** you, inflation, divorce, and the tech bubble.
 
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JD08 said:
I remember in the early 80's hearing that every dollar you put in a 401k between ages 20 and 30 will be worth more when you retire than every penny you put in from 31-65. I also remember IRAs being touted as a way to retire with a million dollars in the bank. There are plenty of people who worked and contributed to their 401k that made them millionaires. I do believe that figure could be true. Now more recently I can believe it's from real estate appreciation and the like.

But what really cheeses me off was that early 80's promise of retirement at 65. **** you, inflation, divorce, and the tech bubble.
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Picking your spouse correctly is massive!!!!
 
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90scane said:
Will they be revised down a ton like almost everyone in 2024?
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But still strong…
Let me tell you what I do know. Biden’s economy was strong because centered around investment for the middle class. We had an infrastructure bill, a chips act, a science bill, and a clean energy bill. He pushed for higher education, even forgiving student loans. Inflation was coming down. The stock market rose.
Trump’s policies of tariffs WILL cause inflation, our government is in disarray, the labor market will weaken, farmers are losing markets, and we will lose our social safety nets. Instead of passing an immigration bill, he’s rounding up people and illegally deporting them. He will NOT cut debt because he will cut taxes, which will help the rich far more than the middle class, raising debt. He wants to eliminate the FDIC and the Financial Protection Bureau. Besides making the world a less safer place, he is increasing volatility. The stock market will go down.
Feel free to whine.
 
mr.h said:
But still strong…
Let me tell you what I do know. Biden’s economy was strong because centered around investment for the middle class. We had an infrastructure bill, a chips act, a science bill, and a clean energy bill. He pushed for higher education, even forgiving student loans. Inflation was coming down. The stock market rose.
Trump’s policies of tariffs WILL cause inflation, our government is in disarray, the labor market will weaken, farmers are losing markets, and we will lose our social safety nets. Instead of passing an immigration bill, he’s rounding up people and illegally deporting them. He will NOT cut debt because he will cut taxes, which will help the rich far more than the middle class, raising debt. He wants to eliminate the FDIC and the Financial Protection Bureau. Besides making the world a less safer place, he is increasing volatility. The stock market will go down.
Feel free to whine.
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Simple question. Is the stock market the economy?
 
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