Trumps Presidency 2025

[Tiger337]

1 hour ago, gehringer_2 said:

And his public loves him for it. I saw a children's book the other day - just an ordinary heavy cardboard cover, two sentence on a page, illustrated 1st grade kind of book about a kid being a pain at home. It was full of the 'F' word. Completely normalized as how children and their parents should talk to one another. 

We're doomed.

I don't think his Evangelist supporters would like it.  They generally don't like swear words.  It's OK when Trump uses them because it's Trump being Trump and he has to to talk tough because the whole world is against him. Plus, he is saving America and Christianity, so they are able to tolerate swear words.  I don't think they want their chidren using those words though.  

[Screwball]

35 minutes ago, 1776 said:

This is a pox on average investors. The great majority of workers that contribute to 401k plans know little to nothing about what they’re invested in. Far too many are auto enrolled because they won’t do it themselves. They’re the ones that will likely suffer the most. They’re not financially literate enough to follow their accounts and police them. 
These folks are going to get rolled. The fees will cost them bigly. They won’t know the difference. 
I am so glad we are retired. Prior to this destructive move, I have always suggested folks get their retirement account into a personal brokerage account when leaving a job. Don’t leave it with an employer. 
 

Pox doesn't come close to describing how stupid this is.

The first obvious problem is private equity has no transparency - they are private - DUH!

From Vanguard; Private Equity

[bold mine]

Quote

 

What is a private equity fund?

A private equity fund invests in companies that aren't listed on a public stock exchange. Its performance depends greatly on the quality of the firm and the fund team's skills. Private equity funds typically play an active role in the companies they invest in to create value. Private equity is characteristically illiquid and more complex than investing in public markets, but it has distinct market dynamics that may enable you to earn excess returns over the long term while increasing the diversification of your equity allocation.

 

 

Quote

 

Who's eligible to invest in private equity?

Clients must have $5 million in Vanguard assets, in addition to meeting qualified purchaser and accredited investor regulatory standards.²

 

^{Footnote 2;}

Quote

²Clients must meet the qualified purchaser and accredited investor standards under federal law, typically showing that their net worth is over $1 million or their annual income has been more than $200,000 in the last two years.

Ain't that great? Giggle. They keep finding ways to fleece us.

To your second paragraph, I couldn't agree more, but it is in conflict with the first one. They still wouldn't know how to manage it. To be honest, the ones I dealt with while employed didn't give me a bunch of choices as far as timing and choice anyway. In other words - run and hide.

The whole ****ing thing is a giant scam. 

Edited 6 hours ago by Screwball

[Screwball]

And thinking further - think of the private equity derivatives the wizards of Wall Street can come up with. Wankin' ****in bankers.

[1776]

…and there won’t be any Social Security to fall back on in a few short years. The latest projection as to when SS hits the wall is in the fourth quarter of 2032. Think about that. 

[GalagaGuy]

I have two IRA's with Vanguard and I just don't see them doing anything stupid that would put my money at risk.  

[Screwball]

I'm not worried about that, and I'm on it. Money is fungible and we have a printing press.

There is no trust fund, and we are what (have to look) 37 with the big T trillion in debt. 

It all went to the people in the big club.