aquabliss
Well-known member
Every time these dips happen I re-read this:https://jlcollinsnh.com/2011/06/08/how-i-failed-my-daughter-and-a-simple-path-to-wealth/
Suggest everyone does the same.
Suggest everyone does the same.
What the "Dow" is happening?
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irvinehomeowner
Well-known member
I agree with all of that except for the owning a house part.
But he did say "maybe" so that works for me. Of all the debt you can have, a mortgage probably has the best benefits, and if your PITI is close to a rent payment, why not?
He also says he never had a car payment. That's going to be a tough one for us 99%ers who like nice cars but I guess leasing is like renting so no debt there.
But he did say "maybe" so that works for me. Of all the debt you can have, a mortgage probably has the best benefits, and if your PITI is close to a rent payment, why not?
He also says he never had a car payment. That's going to be a tough one for us 99%ers who like nice cars but I guess leasing is like renting so no debt there.
Liar Loan
Well-known member
A house is quite possibly the best investment there is, assuming you can buy in a high demand, growing area like SoCal. It's inflation protected, pays a huge dividend by providing a place to live, and the tax benefits are insanely good.
On top of that you can be completely uneducated about investing and still benefit from this great investment. Stocks and rentals take a certain amount of education and financial savvy that not everybody is cut out for. The benefits and risks of owning a primary residence can be understood by just about anybody.
On top of that you can be completely uneducated about investing and still benefit from this great investment. Stocks and rentals take a certain amount of education and financial savvy that not everybody is cut out for. The benefits and risks of owning a primary residence can be understood by just about anybody.
irvinebullhousing
Well-known member
So the DOW been dropping a good bit.
I still like for the market to drop a bit more.
Like at least a couple thousands point from here.
With the tariffs is now at full throttles, it would need another major leg of F?up to see that kind of drop/swing.
What would it be?
I can taste it, just not sure when I will be able to feast and dive in.
I still like for the market to drop a bit more.
Like at least a couple thousands point from here.
With the tariffs is now at full throttles, it would need another major leg of F?up to see that kind of drop/swing.
What would it be?
I can taste it, just not sure when I will be able to feast and dive in.
zubs
Well-known member
So regarding todays announcement that trump is delaying his 9/01 10% tariff.....how much money did trump insiders make this time?
I was promised a recession....is today the last day to get out before the drop?
You know how people were talking about the FED having no ammunition the next time a recession hits because interest rates were already at 0%?....well perhaps Trump is loading up his ammunition with these tariffs....if wall street takes a shit, he just relaxes tariffs on China to bring it back up.
I was promised a recession....is today the last day to get out before the drop?
You know how people were talking about the FED having no ammunition the next time a recession hits because interest rates were already at 0%?....well perhaps Trump is loading up his ammunition with these tariffs....if wall street takes a shit, he just relaxes tariffs on China to bring it back up.