Tuesday, February 06, 2018

Now Is The Time To Panic: Your Kansas City Prez 'Trump Dump' Open Thread!!!

Here's a look at local media take on the current economic climate with just a bit of promo thrown in for good measure . . . It's also worth noting that Bitcoin is crashing, too as the market opens with volatility. But then comes bouncing back . . .

Despite big Dow drop on Wall Street, metro financial expert says there's no need to panic

OVERLAND PARK, Kan - The Dow Jones industrial average lost 1,600 points during trading Monday and ended up down nearly 1,200 points. It's the largest point loss in history, but what does it mean for you and your investments? The bottom line is the sky is not falling.

24 comments:

Anonymous said...

I agree. This is a bump in the road of prosperity. Stay the course and don't panic, Obama isn't President.

Anonymous said...

^^No but the Russia-colluding, lying, fake businessman, draft dodging, bankrupt, fat-boy is. Panic.

Anonymous said...

9:31 is afraid of losing his food stamps.

Anonymous said...

9:42 is a poorly educated, broke, toothless wonder who rents the squalid trailer he calls home.

Anonymous said...

Got my bonus, got a pay raise, IRA has never looked better, annuity keeps growing. No bitching here.

Anonymous said...

Gotta love how the libturds have been discrediting Trump and his policies for the rise in the stock market and claiming Obama deserves the credit. The minute there is a minor adjustment in the market the libturd press touts it as a crash and claims everything is on Trump. If the voters can not see through this uninformed and ignorant rhetoric they deserve Sly for ten more years.

Anonymous said...

In other words, you are quoting the legendary philosopher, Kevin Bacon - "Remain Calm - All Is Well".

Anonymous said...

Ha^^^^

Anonymous said...

@10:35AM-You have an annuity? My God they saw you coming! Annuities are for suckers! You don't know shit about finances!! No wonder you support Trump! Did you know there is this thing called the internet? Really. You can google annuities. Let me know what you find...you dumb fuck.

Anonymous said...

@hey 11:17AM-You seem really dumb. The big orange fat boy claimed credit for the market rise, so he needs to take credit for the decline as well. That's how it works. That's why the other, smarter presidents didn't tie themselves to the stock market like this buffoon did.

Anonymous said...

Fake news, but panic and hate is all you have. :)

Anonymous said...

Only in your tiny mind, since your party has zero issues except for blind hatred of a duly elected Prez. Keep losing!

Anonymous said...

^^just like the stock market, America, the free press, the FBI, culture and intelligence.

Anonymous said...

Stock market? Correcting, not owned by any prez.

America? Doing great, and you hate it.

The Free Press? Utterly compromised by partisan hackery.

The FBI? Similarly compromised, as proven by text messages, favoritism, get out of investigation free cards for leftists.

Culture? Who knows.

Intelligence? Yours? A laugh riot.

Carry on. You will continue losing.

Anonymous said...

^^^^America doing great for who? Certainly not for infant mortality rates, percentage of population incarcerated, gun violence, tourism, happiness index, income equality, healthcare, murder rates, violent crime rates, education funding, education competency, match & science fluency, percentage living in poverty, opioid epidemic, percentage of population hooked on drugs, gender pay gap, advanced degrees obtained, and life expectancy. Yea buddy America's doing great. It's a shithole country now.

Anonymous said...

1:25 lighten up Francis, my 401K has gone through the roof over the last year! Suck it bitch!

Anonymous said...

1:25 that was just under Barry’s oppressive regime

Anonymous said...

^^^and straight down to the basement this past month. So suck that beyotch!!!!

Anonymous said...

12:14, You may actually think you know a lot, but really you do not know much. Identify a financial instrument other than annuity that is guaranteed to pay you an agreed upon sum no matter how long you live. The Rule of 4% can't. That's why annuities are part of nearly every worker's retirement income package, whether provided by the government (retirement pay, social security) or a private entity.

Anonymous said...

Gosh. You're so upset, and so clearly wrong. All of those things are Trump's fault, too, I'm sure.

What really happened is that you still can't get over your electoral defeat and therefore can't admit even modest signs of progress.

By all means carry on. Massage your hate. It is the guarantee of your further defeat. :)

Anonymous said...

@12:14PM Annuities are the most expensive investments on the market. They are designed to benefit the salesman who sells it. They usually include initial commissions, ongoing 12B1 fees, and early withdrawal fees. Compare that to a no load mutual fund and you will see your return is gobbled by fees.

Annuities are taxed as ordinary income, so its likely your tax-rate could go up between now and when it pays out-now you are losing more to higher taxes.

Your annuity restricts your investment options so you are likely left with an underwhelming list of choices that pay kick-backs to the salesman when there are likely more higher preforming vehicles to invest in.

Last and certainly not least, your annuity is not covered by the FDIC or NCUA, if your insurance company goes out of business-guess what happens to your investment?

This is basic stuff. Annuities were designed to enrich the salesman. That's it.

Retro ROCKER said...

Today its what we call its a dead cat bounce. The market is up the day took there profits weeks ago and they shorted the market to make more profits on the way down. And these are hundreds of thousands of Dollars in profits. And the person with retirement accounts take the hit. And the media says stay in. It will be o.k..well this may be a slow burn the market may loose half of its value. And then when it hits bottom. It may take twenty years to recover. And can you wait twenty years for your money. Day traders are on there way to Mardi Gras.

Anonymous said...

3:42: Buy a no-load annuity and you will not have to worry about commissions, if that concerns you so much. Annuities are covered by the state life and health guarantee associations, so unlike no load mutual funds they have a guarantee. Tax rate creep is not an issue when you buy an immediate annuity, which is what I assumed you were talking about.

Like I said before, you really don't know much. But keep on pretending, if that makes you feel better about yourself.

Anonymous said...

A lot of howling given the gains in that past few days. The week will end recovered from Monday folks ...for those of you didn't swallow the libtard expert bullshit and off yourselves...