SheedSoNasty
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Wait. Is this a political thread or not? The OP said no politics and then went all politics. I’M CONFUSED! Must... blame... Trumpbama...
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Yet wages, when inflation is taken in to account, have remained the same. Why is it that the wealthy are getting a massive increase in their income yet the poor and middle classes remain stagnant?
I see these people freed from the need of public assistance on our sidewalks and under the overpasses.
Wait. Is this a political thread or not? The OP said no politics and then went all politics. I’M CONFUSED! Must... blame... Trumpbama...
We call those people bums. They are useless now, no self-esteem left at all. Zombies.
They weren't always that way, well, most of them weren't.
Many of them had good jobs, healthcare, homes and families before Obama came along.
His policies took their homes, broke up their families, drove many into addictions...
umm, this thread entered crude right here, by mistake or barf, not sure. But equating gash to candy does not need stumpy.That's kind of crude. I believe the usual phrase is 'arm candy'.
barfo
Are you saying that Trump got them to come out in the open?We call those people bums. They are useless now, no self-esteem left at all. Zombies.
They weren't always that way, well, most of them weren't.
Many of them had good jobs, healthcare, homes and families before Obama came along.
His policies took their homes, broke up their families, drove many into addictions...
You're partially right, Trump is deranged.If you read the thread you'll see despite my good intentions and sincere attempts the usual 3 Trolls are doing their best to ruin it, because they have Trump Derangement Syndrome.
Here's some good news!
For many young investors, the stock market's only gone up
By STAN CHOEPublished August 22, 2018MarketsAssociated Press
Meet the generation of investors who haven't known a bear market.
The U.S. stock market has been on the upswing for nine and a half years, during which a cohort of younger investors has never dealt with a 20 percent drop in the S&P 500 — the classic definition of a bear market. Such a decline has historically happened on average every four or five years.
That's nice for these 20- and 30-somethings, and their retirement accounts, but it raises the question: What will they do when the next downturn inevitably arrives? How they respond will be crucial because this generation bears a heavier responsibility for paying for their own retirement, as pensions go extinct and Social Security's finances weaken.
Few analysts are predicting an imminent downturn for the S&P 500, which finished Tuesday within 0.8 percent of its record, but they're much less confident about 2019 or beyond due to rising interest rates and other market challenges. The fear is that inexperienced investors will panic at their first taste of a bear market and sell their stocks, which would lock in their losses.
For young investors with decades to go before retirement, conventional wisdom says the best bet is to ride through and wait for a recovery. The average bear market brings a loss of nearly 40 percent for the S&P 500, but it typically lasts less than two years, according to S&P Dow Jones Indices.
Many experts say today's young investors are generally taking the right approach. For instance, many are invested in the stock market through specialized kinds of mutual funds in their 401(k) accounts called target-date retirement funds, which may keep them from making rash moves.
Some younger investors also say the experience of their parents in the wrenching financial crisis of 2008-2009, when the S&P 500 lost more than half its value, has prepared them for the next downturn. They know the stock market more than made up all those losses, eventually.
They're investors like Marcus Harris, a 34-year-old physician in the Houston area who started investing about five years ago.
"It's going to sound terrible, but I'm actually looking forward to the next downturn," he said of the opportunity to buy stocks at a lower price. "I know it's an overbought position right now, and I'm just sitting on my hands saying, 'I can't wait.' Hopefully it will go to half the price, and I can gobble up a lot of it."
He's somewhat of an anomaly among his peers in that he owns stocks at all. Only four in 10 households led by someone under 35 owned stocks in 2016, according to the most recent data from the Federal Reserve. Stubbornly low wages and high debt are keeping many younger workers out of the stock market.
Still, the ownership rate among younger households, at 41 percent, has been on the upswing and is much higher than the 23 percent rate in 1989. Since then, the only time young investors were much more likely to own stocks was around the dot-com bubble.
"All the ones I know, they do want to get involved," said Kimelah Taylor, a 36-year-old accounting adviser in Houston who began investing with a financial adviser about four and a half years ago. "There is that delay in when they get involved because they're paying off student loans and other things."
Some younger investors may also be in the market without even realizing it. More employers are automatically enrolling their workers into 401(k) accounts, and many of those have a target-date retirement fund as the default investment.
These funds automatically change over time and create a portfolio that's appropriate for an investor's age. When the target retirement year is decades away, they're virtually entirely in stocks. As retirement approaches, they shed some stocks for bonds and other safer investments.
Young people are much more likely to have their entire 401(k) in target-date funds than older savers, and the hope is that when the next downturn hits, young investors will continue to leave the investment decisions in their hands.
"Inertia in this case is working for them," said Jeanne Thompson, senior vice president at Fidelity Investments. "In many cases, that inertia will help when there is a market downturn, and they'll probably leave their assets and stay the course."
In some ways, they're more fortunate than older generations, who didn't have target-date funds to take care of the decisions and often gave into the urge to sell stocks during a downturn.
"The main reason young people are not running away from stocks is they aren't figuring it out for themselves," said Jean Young, senior research associate for the Vanguard Center for Investor Research.
And even though younger investors haven't faced a full-blown bear market yet, they have had a few mini-tests, with two drops of 10 percent since early 2016. Through them, younger investors made more calls than usual to T. Rowe Price, but they usually stopped short of selling their stocks, said Roger Young, senior financial planner at T. Rowe Price.
If anything, market dips have only emboldened some, said Charles Adi, financial adviser at Blueprint 360 in Houston. During a tumble earlier this year, for example, he was balancing calls from older clients looking for reassurance with younger clients hungry to buy more shares of stock.
"In 2008, it was unexpected," Adi said. "Now, a downturn is expected. They're ready for it. They're waiting for it."
Still, there is the threat of overconfidence. Maybe young investors' nerves won't remain as steady as they expect.
"They think they're good fighters," said Danny Alexander, a financial coach at Stangier Wealth Management in Portland, Oregon, which recently hosted an event for clients called "Gearing up for the next crash."
"But until they've been in a fight and punched in the mouth, they don't know how they'll respond."
This is a false economy still, built on the BS by the fed. The bigger it gets, the worse it will be. We are not in good shape.
I've been losing weight so I'll be less attractive for when the cannibalism starts.
Women like filet mignon, which is a lean steak.
Don't lose too much or I won't be able to make gravy.I've been losing weight so I'll be less attractive for when the cannibalism starts.
Let's make those dependent on Social Security, Medicare and Medicaid pay for it. That sounds fair.
Oxymoron. There's no such thing as a lean steak.Women like filet mignon, which is a lean steak.
Posts are 'directed', as you put it, at everyone. We all get to read and comment on them.Nobody said anything about credit.
Try reading it slowly, so you can block out the voices in your head.
This isn't a political thread.
Try reading the title, slowly so...
This is a positive thread, with no room for negative waves.
If you can't bring anything positive, please put this thread on ignore, as it is not directed at you.
People are having to give up medicine in order to buy food in ever increasing numbers.https://www.whitehouse.gov/articles/unprecedented-jobs-growth-streak-continues-as-wages-rise/
Trump has already astronomically reduced the total number of Americans in need of public assistance, thereby freeing up more funds for needy Americans.
8 years of Obama encouraging the laziest Americans and illegal aliens to sponge off their neighbor's hard-earned wages is a lot to overcome.
Sure, I'll pay Obama rates but it means no freeloading for others who will have to pay the same rates as me. You weren't thinking of freeloading, were you?
People are having to give up medicine in order to buy food in ever increasing numbers.
The Dow lost 600 points todayPresidential Proclamation on National Apprenticeship Week, 2018
Economy & Jobs
Issued on: November 9, 2018
Under my Administration’s policies, our Nation’s economy is booming and Americans have more opportunities than ever before. Men and women from all walks of life are moving off the sidelines and into the workforce. In this economic context, our country needs workers with world-class skills and abilities to fill vacant positions in the labor force. During National Apprenticeship Week, we recognize the importance of apprenticeships in helping our country’s hardworking people develop the competencies that enable success in today’s dynamic, 21st century economy.
As a lifelong businessman who has hired thousands of workers, I am a strong believer in the apprenticeship model, and my Administration is committed to expanding apprenticeship opportunities. Apprenticeship programs, when implemented effectively, provide workers with an opportunity to “earn and learn” on the job, and pair workplace education with classroom instruction, accelerating the learning process for participants and increasing their marketability. Since I took office, American employers have hired over 400,000 apprentices. In 2018 alone, we committed $145 million to diversify and scale apprenticeship programs, and we provided an additional $150 million in grant opportunities to promote apprenticeships in industries where they have not traditionally existed, including advanced manufacturing, banking and finance, information technology, and healthcare. In addition, as a result of our Pledge to America’s Workers, in just 3 months, we have secured commitments from more than 160 companies and associations to provide jobs, education, and workforce development opportunities to 6.4 million American workers.
In June of last year, I signed an Executive Order creating the Task Force on Apprenticeship Expansion, which focused on identifying proposals to cultivate apprenticeships across all sectors of the economy and reform ineffective education and workforce development programs. The Task Force was composed of representatives from business, the trades, labor and industry groups, and educational institutions; each participant contributed a unique set of insights and experiences. The Task Force helped my Administration map out a strategy for creating new, industry-recognized apprenticeship programs that will encourage employers and industries to adopt the apprenticeship model.
In addition to supporting apprenticeships, I am advancing tax and regulatory policies that are increasing opportunities for all Americans. Last month, the unemployment rate dropped to 3.7 percent, its lowest point in nearly 50 years, and more Americans are working today than ever before in our history. At the same time, right now, there are 7 million unfilled jobs in our country. By successfully deploying the apprenticeship model, the United States can build a workforce strong enough to quickly fill all of those jobs and better compete on the global stage. This week, I encourage all participants in our economy, from business leaders to government officials to educators, to join in our efforts to expand apprenticeship programs. Together, we can build and educate our Nation’s workforce, securing American economic greatness for future generations.
NOW, THEREFORE, I, DONALD J. TRUMP, President of the United States of America, by virtue of the authority vested in me by the Constitution and the laws of the United States, do hereby proclaim November 12 through November 18, 2018, as National Apprenticeship Week.
IN WITNESS WHEREOF, I have hereunto set my hand this ninth day of November, in the year of our Lord two thousand eighteen, and of the Independence of the United States of America the two hundred and forty-third.
DONALD J. TRUMP
The Dow lost 600 points today.
It's the most positive stock market in the history of man.But it did it positively.
