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Author Topic: And the markets go up (quite possibly one of the dumbest posts I've ever seen)  (Read 656 times)

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Offline Texacon

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And the markets go up (quite possibly one of the dumbest posts I've ever seen)
« on: June 02, 2020, 04:05:54 PM »
https://democraticunderground.com/100213530040


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MoonlitKnight (900 posts)


And the markets go up

 
If you are well off and tisk tisking the protests. Or if you support the cause but don’t want to be in a large crowd. You can take on the real looters.

Move everything to cash. 401k, IRA etc. Sure you may miss out on some of the greed rally taking place. But you are tacitly supporting the status quo by keeping your money in a rigged system.

It won’t do much if those with bigger bankrolls don’t go along, but they can be pressured to do the right thing.


Never mind those pesky penalties and stuff, just DO THE RIGHT THING!!!


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MichMan (3,458 posts)

1. I thought everyone here took all their money out of the market after the 2016 election?

At least that what they advised everyone else should do


 :lmao:

Here's either a severe dumbass or just a liar.


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Squinch (31,938 posts)

2. I took it out a year later. Figured Obama's economy had some momentum forward.

I have it in some things that return about 4% a year. So I'm ahead of most who stayed in the market.


That's the total thread.  I wonder if anyone is going to call ol' Squinch out.   :rotf:

KC
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Offline SVPete

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Re: And the markets go up (quite possibly one of the dumbest posts I've ever seen)
« Reply #1 on: June 02, 2020, 04:14:55 PM »
Somebody can't quite reconcile his stereotype that the stock market is just a bunch of rich people with his/her knowledge that a large percentage - large majority? - of Americans are stockholders via the mutual funds in their 401Ks and IRAs. :rotf:  :tongue:
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Millions now living should have died. Anti-Covid-Vaxxer ghouls hardest hit.

Offline franksolich

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Re: And the markets go up (quite possibly one of the dumbest posts I've ever seen)
« Reply #2 on: June 02, 2020, 04:57:33 PM »
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MichMan (3,458 posts)

1. I thought everyone here took all their money out of the market after the 2016 election?

At least that what they advised everyone else should do

^^^apparently in reference to advice by TheShoe, DocBroke (aliases for the footwear dude on BabyDU) that to save themselves, everybody dump their stocks shortly after the election of Donald Trump.

However, one noticed the footwear dude didn't follow his own advice.

Always a bad idea to take advice from someone who's not going to follow it himself.
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Offline DumbAss Tanker

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Re: And the markets go up (quite possibly one of the dumbest posts I've ever seen)
« Reply #3 on: June 02, 2020, 06:13:52 PM »
If every DUmmie followed this advice, and they all used the same financial planning/brokerage services, there would be one desk agent noticing a slightly smaller than expected boom in his or her investor actions...though it would be swamped by the people pumping money in as fast as they can.

Oh, and yes, Uncle would really appreciate the unforeseen bounty in penalty taxes, or...well, he would, if they actually amounted to Jack.
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Offline DLR Pyro

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Re: And the markets go up (quite possibly one of the dumbest posts I've ever seen)
« Reply #4 on: June 02, 2020, 08:38:57 PM »
only a Dummy would take financial advice from a DUmmy...
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Offline Ptarmigan

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Re: And the markets go up (quite possibly one of the dumbest posts I've ever seen)
« Reply #5 on: June 02, 2020, 09:44:16 PM »
Quote from: DLR Pyro on June 02, 2020, 08:38:57 PM
only a Dummy would take financial advice from a DUmmy...

You can learn a lot from a DUmmy. Don't be a DUmmy!
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Offline DUmpDiver

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Re: And the markets go up (quite possibly one of the dumbest posts I've ever seen)
« Reply #6 on: June 03, 2020, 01:03:58 AM »
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MichMan (3,458 posts)

1. I thought everyone here took all their money out of the market after the 2016 election?

At least that what they advised everyone else should do

That's some Grade A moling right there. LOL.
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Offline 67 Rover

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Re: And the markets go up (quite possibly one of the dumbest posts I've ever seen)
« Reply #7 on: June 03, 2020, 07:35:48 AM »
Quote from: DLR Pyro on June 02, 2020, 08:38:57 PM
only a Dummy would take financial advice from a DUmmy...

How to scam disability, welfare, EBT etc. yes but financial not on your life.  :o
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Offline jukin

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Re: And the markets go up (quite possibly one of the dumbest posts I've ever seen)
« Reply #8 on: June 03, 2020, 11:25:50 AM »
Not one damn dime for investment.... and this is a change for DUmmys how?
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