OT 401k

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Voodoo said:
President - growth
Reagan - 135%
HW Bush - 45%
Clinton - 226%
Dubya - -21% (yes net negative)
Obama - 148%
Trump - 56%
Biden (to date) - 21~%

Biden hasn’t been so good historically, but look back prior to Reagan and you’ll see 21% ain’t that bad. Also gotta take into account he’s been dealing with inflation, wars, and other economic headwinds and yet the economy is still chugging along.

source: https://finance.yahoo.com/news/stock-market-performed-under-president-220026422.html
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USSR collapsing had more to do with that crazy growth than anybody acknowledges.
 
Voodoo said:
He had the second largest gains of the presidents listed, why didn’t you like him?
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His campaign slogan was obvious BS, and his foreign policy was shit.

He was far better than Trump or Biden though.
 
barfo said:
Aren't they all?

Although not an official slogan, I've always liked

"Dick Nixon.. before he dicks you"

barfo
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It just came off as completely phony to me, and it was basically all he ran on.

I wasn't at all impressed.

*Edit*
Obama ran on shutting down Guantanamo, Universal Healthcare and...well, literally Hope and Change.

He then governed slightly to the right of Clinton, but with a horrendous/nonexistent foreign policy.
 
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Phatguysrule said:
His campaign slogan was obvious BS, and his foreign policy was shit.

He was far better than Trump or Biden though.
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Honestly I think you’re sleeping on Biden, he’s been a great president all things considered. Outside of his age, he's handled things extraordinarily well. The only major blunder of his administration so far IMO was the Afghan withdrawal. He may not have signed that shitty agreement with the Taliban, that was Trump, but the execution of the withdrawal was mind numbingly bad. I would argue he’s been a better president than Obama, and certainly the best president we’ve had since Clinton. Look at the facts, look at the challenges he's had to face, it's unprecedented. Even Obama had more sane Republicans to deal with than the social media clowns that parade around pretending to be serious politicians, and Obama got less done in 8 years than Biden has in 3.
 
Voodoo said:
Honestly I think you’re sleeping on Biden, he’s been a great president all things considered. Outside of his age, he's handled things extraordinarily well. The only major blunder of his administration so far IMO was the Afghan withdrawal. He may not have signed that shitty agreement with the Taliban, that was Trump, but the execution of the withdrawal was mind numbingly bad. I would argue he’s been a better president than Obama, and certainly the best president we’ve had since Clinton. Look at the facts, look at the challenges he's had to face, it's unprecedented. Even Obama had more sane Republicans to deal with than the social media clowns that parade around pretending to be serious politicians, and Obama got less done in 8 years than Biden has in 3.
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Maybe. I never voted for Obama. I did vote for Biden (at least, against Trump).

The US is also currently pumping more oil than any country in history.

Biden has been far superior to both Trump and Bush though.
 
My Roth 401k gained close to $12k this week.

it’s funny to me that the stock market has crushed it under Biden. It was always a measuring stick of economic success for Trump and he spoke so frequently about it. He even said Biden would crush your 401k’s during the last election.

I’m willing to bet it will be a topic that Trump and his handlers will avoid leading up to the next election.
 
I have lost over $300 K in my 401k during Biden’s administration.
 
MickZagger said:
My Roth 401k gained close to $12k this week.

it’s funny to me that the stock market has crushed it under Biden. It was always a measuring stick of economic success for Trump and he spoke so frequently about it. He even said Biden would crush your 401k’s during the last election.

I’m willing to bet it will be a topic that Trump and his handlers will avoid leading up to the next election.
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I've posted similar in the past months. I have made so much more money under Biden's watch than under Trump's. And I just do not understand why the Biden team isn't leaning in hard on this. And @tlongll, all I can say is perhaps you should consider changing financial planners......
 
tlongII said:
I have lost over $300 K in my 401k during Biden’s administration.
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Hmmm... Looks like you might want to re-think who's handling your investments...

h4EyLdk.jpeg
 
tlongII said:
I have lost over $300 K in my 401k during Biden’s administration.
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You need to fire your broker or change brokerage. No one I know has lost like that with a Roth or traditional Ira even
my two IRAs and PERS account have crushed it under Bidens watch. My wife is killing it trading stocks this year. I don’t do that but she’s crushing it. the biggest problem I see is price gouging causing inflation. In Oregon you shouldn’t be paying 80 bucks for a sheet of plywood that’s made in your own county
 
riverman said:
You need to fire your broker or change brokerage. No one I know has lost like that with a Roth or traditional Ira even
my two IRAs and PERS account have crushed it under Bidens watch. My wife is killing it trading stocks this year. I don’t do that but she’s crushing it. the biggest problem I see is price gouging causing inflation. In Oregon you shouldn’t be paying 80 bucks for a sheet of plywood that’s made in your own county
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Agree… my electric bill just went up for the second time this year…apprx 30% increase in last 12 mo.
Glad I have natural gas, water, furnace an stove.
 
PG&E raised rates again. Glad I will soon be done with electrical portion.

I am acutely aware of price of butter and eggs.
Gas is down but I do so little driving since retirement, I can go a month without gassing my Corolla.
 
PGE...This 18% increase is the largest in more than 20 years. An average household can expect an average of $22 per month more on their PGE bill. This is on top of a rate increase on January 1, 2023. Combined the two increases mean bills in January 2024 are 30% higher than bills 13 months ago, in December 2022.
 
Hoopguru said:
PGE...This 18% increase is the largest in more than 20 years. An average household can expect an average of $22 per month more on their PGE bill. This is on top of a rate increase on January 1, 2023. Combined the two increases mean bills in January 2024 are 30% higher than bills 13 months ago, in December 2022.
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Take a look at who owns most of PGEs stock.

Now look at the largest investors in the US military supply and equipment business.

Look at other sectors such has who is buying the most homes, driving up rents. The medical and drug sectors.

My point is. The names of a few very large private equity firms, and investment firms, keep showing up on every list.
And the list of sectors they control, is growing.

These few companies are now so large, they can manipulate stock, product, and service prices. They also have a lot of influence/control over our politicians.
 
oldfisherman said:
Take a look at who owns most of PGEs stock.

Now look at the largest investors in the US military supply and equipment business.

Look at other sectors such has who is buying the most homes, driving up rents. The medical and drug sectors.

My point is. The names of a few very large private equity firms, and investment firms, keep showing up on every list.
And the list of sectors they control, is growing.

These few companies are now so large, they can manipulate stock, product, and service prices. They also have a lot of influence/control over our politicians.
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And they are getting into professional sports as it's a great return on their investment.
 
Hoopguru said:
And they are getting into professional sports as it's a great return on their investment.
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I only did a quick surface search for 1 private equity firm, Blackrock.

The only team Blackrock is invested in is an 8% share of Manchester United. However.

Blackrock owns shares in a very long list of sports related companies, many in the USA.
 
I wonder how the homeless veterans’ and single mothers’ stocks are doing? Hopefully they are seeing enough returns to offset inflation so they can afford groceries and rent. Lol. Is there any way to invest in Fentanyl? Seems like “healthy” gains cound be made there in the ol portfolio.
 
jonnyboy said:
I wonder how the homeless veterans’ and single mothers’ stocks are doing? Hopefully they are seeing enough returns to offset inflation so they can afford groceries and rent. Lol. Is there any way to invest in Fentanyl? Seems like “healthy” gains cound be made there in the ol portfolio.
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I’m sure Trump will put groceries on their table if he gets reelected he’ll probably create millions of coal mining jobs too.

Compared to the rest of the civilized world the U.S. economy has sustained decently through the epidemic. If you think inflation is bad here you should see all of Europe.

The stock market was always the Trump’s greatest metric during his time in office
 
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