Retirees should have spent the last 40 years learning how to react correctly to risk; why would a week of bad trading have any effect on their portfolios?
I retired in April. I don’t even pay attention to day to day stuff.
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Dick’s fires starter pistol for smart-gun marketThe $3.6 bln U.S. retailer that ditched AR-15s in February would support selling guns that can only be fired by their owner, an idea the industry traditionally hates. The previous stand on safety dented sales but helped profit. If this one takes off it could be good for both.
Source: Breakingviews - 🏆 470. / 51 Read more »
Trump says the Federal Reserve caused the stock market correction, but he won't fire Chair PowellPresident Donald Trump continued to attack the Federal Reserve on Thursday, saying Chairman Jay Powell is being too stringent with monetary policy and is making a mistake. CNBC Trump has six bankruptcies and would've been broke and homeless by the time he was 35 if his father hadn't repeatedly bailed him out. What the hell does he know about monetary policy? CNBC FUN FACT... Only 4 of the 7 positions on the Federal Reserve Board of Governors are currently filled. 3 of the 4 positions (including the Fed Chair) are Trump nominees. CNBC Anyone who was given hundreds of millions of dollars by daddy and who helped daddy avoid hundreds of millions of dollars in taxes and who doesn't have the media talking about his tax avoidance criminal activities incessantly must know what the fuck he is talking about.
Source: CNBC - 🏆 12. / 72 Read more »
Tech Startups Fire Up Market For IPOsAfter years on the stock market’s sidelines, a number of highly valued Silicon Valley companies are gearing up to go public as soon as next year. Among the IPO candidates are ride-sharing companies Uber Technologies and Lyft, and data-mining specialist Palantir Technologies. IPOs? I thought you said ICOs. Speaking of coins AceD is a startup I've been hanging out with for a while. Something to have a look at. The potential is there. Just needs some guidance and further investment.
Source: WSJ - 🏆 98. / 63 Read more »
The stock market’s downturn could mean a painful unwinding of the FIRE movementThe stock market's downturn could mean a painful unwinding of the entire FIRE movement: $5mln to retire young, doesn’t seem so wrong now
Source: MarketWatch - 🏆 3. / 97 Read more »
Presidents play with fire when they brag about the stock marketPresident Donald Trump took full ownership of the stock market boom. That unusual strategy is backfiring now that markets are crumbling. CNN, YOU are responsible for the drop with the hatefest you’ve had going on. Give me a break. Your hate is responsible for the drop in the market. Trump is doing what Trump said he would do and WE voted for that. He won. You lost. Too bad so sad for you. Still doing alright although it stalled this year.
Source: CNN - 🏆 4. / 95 Read more »