This economy is so bad

[tubby_mcgee 700]

So Biden has been declared incompetent to stand trial.  Yet....yet....he's brought our economy back? LOL. Uh. No.  Can't have both. 

[The Psychic Observer 498]

2 minutes ago, tubby_mcgee said:

So Biden has been declared incompetent to stand trial. 

No he hasn't.

[Horseman 2,438]

19 minutes ago, RLLD said:

Are you watching the fee's?   I prefer Indexes over mutual, the compounding fees over the the mutual side are sinister.....

You mean ETF instead of mutual?  You can get both ETF and mutual funds that target different indexes.

I am moving into indexes that are inherently low cost.  ETFs are inherently low cost too, however, they have different tax advantages if in a taxable account versus mutual funds that always trade at the NAV price which might be better for retirement accounts where tax isn't a concern and more buying and selling happens. 

Fidelity has a set of ZERO cost mutual funds (trying to compete with Vanguard) that I am taking advantage of and to your point always get the lowest expense ratio as you possibly can as that's the one thing you have full control over.  

[Horseman 2,438]

People who leave their money in their 401k default funds have no idea what they are paying in fees.

[lod001 1,344]

29 minutes ago, Horseman said:

People who leave their money in their 401k default funds have no idea what they are paying in fees.

I can't figure this out. I have my 457b $ in funds (that mirror) and I am getting Exactly the return the S&P, NAZ, RUT is up. The way I see it, I'm not paying any fees if I'm getting exactly the return the index is up.

[Horseman 2,438]

1 hour ago, BeachGuy23 said:

Ah gotcha.

Makes sense.

Inflation still printed down .2% to 3.1% even though it missed expectations.  That's a very healthy inflation level. 

Says who?  The fed's target and most economists agree on 2.0% being the healthy level.  The reaction today is because we aren't trending to 2.0% fast enough. 

[Horseman 2,438]

14 minutes ago, lod001 said:

I can't figure this out. I have my 457b $ in funds (that mirror) and I am getting Exactly the return the S&P, NAZ, RUT is up. The way I see it, I'm not paying any fees if I'm getting exactly the return the index is up.

I'm not going to be educated enough to figure out your particular situation, however, published return rates like on Morningstar are gross and not net, that's why they also publish the expense ratio.  For mutual funds the expense is subtracted at the end of each day and is reflected in their NAV price.  ETFs are different.  That's one advantage of mutual funds as the price is corrected every day.  And they aren't influenced by customer sentiment with live trading.  There may also be quarterly or yearly management fees applied by the retirement fund manager that are hard to find, but, would be reflected on quarterly or year end statements.  I think it's purposely confusing.  

[Baker Boy 1,694]

Real wages are down 2.3% from January 21, 2021. Winning.

[Horseman 2,438]

I want to see the 7-day yield on money markets inch back up over the next few days based on yesterday's news. 

[edjr 6,580]

 

What you talking about Foo?

[BeachGuy23 642]

On 2/14/2024 at 11:39 AM, Baker Boy said:

Real wages are down 2.3% from January 21, 2021. Winning.

Dang with the Trump inflation that Biden crushed, that’s not bad.  Couple more months we’ll be even.

Great work Joe!

[Hardcore troubadour 15,290]

Buddy of mine is the finance manager at a huge car dealership. Says the inventory is backing up and people that can buy are walking out of there with 700-1k dollar a month car payments. No money down, 7 year car loan high interest.  Should work out. 

[thegeneral 3,131]

1 minute ago, Hardcore troubadour said:

Buddy of mine is the finance manager at a huge car dealership. Says the inventory is backing up and people that can buy are walking out of there with 700-1k dollar a month car payments. No money down, 7 year car loan high interest.  Should work out. 

Quite the operation they are running there

[Hardcore troubadour 15,290]

13 minutes ago, thegeneral said:

Quite the operation they are running there

What does that mean? You think they are the ones approving the financing you idiot? It’s the banks. What a Fockin clown 

[thegeneral 3,131]

7 minutes ago, Hardcore troubadour said:

What does that mean? You think they are the ones approving the financing you idiot? It’s the banks. What a Fockin clown 

Must be the same folks who work with Donald. 

Relax HT. Your busy schedule is making you cranky

[Hardcore troubadour 15,290]

1 minute ago, thegeneral said:

Must be the same folks who work with Donald. 

Relax HT. Your busy schedule is making you cranky

You expose yourself as an idiot in your haste to get a dig in and now you deflect.  Be a man and just say “my bad”. 

[thegeneral 3,131]

Just now, Hardcore troubadour said:

You expose yourself as an idiot in your haste to get a dig in and now you deflect.  Be a man and just say “my bad”. 

I know that Geek Club posts are very important to you, but here’s the thing - I don’t really give a shet and am just busting balls.

 

 

[seafoam1 2,949]

11 minutes ago, thegeneral said:

I know that Geek Club posts are very important to you, but here’s the thing - I don’t really give a shet and am just licking balls.

 

 

You do love licking balls. 

[thegeneral 3,131]

11 minutes ago, seafoam1 said:

You do love licking balls. 

Rapier wit!

[edjr 6,580]

 

Hopefully we can get the minimum wage to 25 and kill it altogether.  Liberals. Brilliant!

[edjr 6,580]

 

[thegeneral 3,131]

26 minutes ago, edjr said:

 

Hopefully we can get the minimum wage to 25 and kill it altogether.  Liberals. Brilliant!

McDonald’s net income came in at 8.5 billion last year up from 6.2 bil the previous year. The CEO made like 20 million.

[seafoam1 2,949]

Just now, thegeneral said:

McDonald’s net income came in at 8.5 billion last year up from 6.2 bil the previous year. The CEO made like 20 million.

pemus envy guy says what? 

[edjr 6,580]

4 minutes ago, thegeneral said:

McDonald’s net income came in at 8.5 billion last year up from 6.2 bil the previous year. The CEO made like 20 million.

McDonalds are mostly owned and run by companies that are not McDonalds 38000 of 40000.  They are the ones struggling. 

[Horseman 2,438]

On 2/14/2024 at 8:48 AM, Horseman said:

I want to see the 7-day yield on money markets inch back up over the next few days based on yesterday's news. 

[thegeneral 3,131]

14 minutes ago, edjr said:

McDonalds are mostly owned and run by companies that are not McDonalds 38000 of 40000.  They are the ones struggling. 

They aren’t going to stop selling their shet food for $15 a bag until people stop paying it. When it gets to the point people stop paying that maybe then they could consider lower franchise costs, “marketing fees” for their franchises, etc. 

[thegeneral 3,131]

28 minutes ago, seafoam1 said:

pemus envy guy says what? 

You seem like you eat a lot of McDonalds. I understand the cost hikes have you upset.

[edjr 6,580]

7 minutes ago, thegeneral said:

They aren’t going to stop selling their shet food for $15 a bag until people stop paying it. When it gets to the point people stop paying that maybe then they could consider lower franchise costs, “marketing fees” for their franchises, etc. 

His point was poor people are starting to not be able afford McDonalds. Those are their best costumers. 

Then again, mostly poor people smoke cigarettes and play lottery. So 

[edjr 6,580]

Just now, thegeneral said:

You seem like you eat a lot of McDonalds. I understand the cost hikes have you upset.

Retarded and poor. What a combo. Sad

[thegeneral 3,131]

1 minute ago, edjr said:

His point was poor people are starting to not be able afford McDonalds. Those are their best costumers. 

Then again, mostly poor people smoke cigarettes and play lottery. So 

I mean I agree it’s nuts what McDonalds costs but when their profits happen to go up like 20% over the previous year it seems that there is a bit of gouging going on somewhere along the line at HQ!

Some ballbag CEO telling us it’s something else sounds a little hollow

[edjr 6,580]

 

[Maximum Overkill 1,917]

On 2/26/2024 at 10:43 AM, thegeneral said:

hollow

BIDENOMICS 

[thegeneral 3,131]

1 hour ago, Maximum Overkill said:

BIDENOMICS 

The free market at work. People want to pay 20 bucks for McDonalds then I guess they won’t lower the prices. 

[RLLD 4,204]

If you are wealthy, you probably are becoming more fond of Biden....if you are not wealthy( or at least middle class), your life is increasingly miserable.....

[BeachGuy23 642]

24 minutes ago, RLLD said:

If you are wealthy, you probably are becoming more fond of Biden....if you are not wealthy( or at least middle class), your life is increasingly miserable.....

Actually boyo, the lower and middle classes have gotten the bigliest income increases.  Far far outpacing inflation.

 

[The Psychic Observer 498]

32 minutes ago, RLLD said:

If you are wealthy, you probably are becoming more fond of Biden....if you are not wealthy( or at least middle class), your life is increasingly miserable.....

Trump took care of the wealthy.  Poor, not so much.

[RLLD 4,204]

41 minutes ago, BeachGuy23 said:

Actually boyo, the lower and middle classes have gotten the bigliest income increases.  Far far outpacing inflation.

 

No, their increases have not outpaced inflation, which is why they are so angry....and rightfully so.....but by all means, let Democrats keep gaslighting them.

[RLLD 4,204]

35 minutes ago, The Psychic Observer said:

Trump took care of the wealthy.  Poor, not so much.

The poor benefitted rather well, the wealthy as well, and that is just fine.....his policies worked.

[BeachGuy23 642]

8 minutes ago, RLLD said:

No, their increases have not outpaced inflation, which is why they are so angry....and rightfully so.....but by all means, let Democrats keep gaslighting them.

My friend.  Since 2021 real wages are down like 2%.  Lower income wages are up way biglier than that friend.

[Hardcore troubadour 15,290]

52 minutes ago, BeachGuy23 said:

Actually boyo, the lower and middle classes have gotten the bigliest income increases.  Far far outpacing inflation.

 

Just saying things. I also like how you revised it down to lower wages. Hack