Posted by Uofa2 on 11/7/2020 1:23:00 PM (view original):
Posted by laramiebob on 11/7/2020 1:14:00 PM (view original):
How many folks do you know in the service or gig economy ya think have 401K's??
Ask your bartender if He/She has one?
I know I don't.
Exactly
focusing on the stock market as if it’s the be all end all of the economy has never made sense to me
I have to agree with you here. Markets seem to operate independent of who is in office. In 2008-9 the market got hammered.. Obama was elected in late 08.. and the market started to become Bullish about spring of 09.. and that rally is still running like a bull. There were corrections in Aug 2016, Fall of 18, and of course the Co 19 fear thing and it fell a ton. nice comeback though. People need to listen to Warren Buffet. He says to spend time doing your homework, and then find companies that are trading at a discount.. buy ones that pay dividends.. and then hold them forever.. The rest of the cycles are just Drama..
and if you had invested just $4000 in Home Depot in the early 80's, and held on, you could sell the stock for over $290 MILLION, and this is 38 years later. Coca Cola, the dog for 15 years, would still return $300g and pay you $6000 a yr in dividends.. after the 15% US tax... that's your startup times 1.5
11/7/2020 2:15 PM (edited)