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MickZagger said:
Everyone’s 401k doing okay under sleepy Joe?
Click to expand...

Mines up 21% over 3 years. Folks underestimate the market under a democratic president as always, because it’s been 3 straight years of fox telling them the markets bad rather that looking at the facts. Same shit happened under Obama.
 
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MickZagger said:
Everyone’s 401k doing okay under sleepy Joe?
Click to expand...
My retirement accounts have done far, far better under Joe. Especially the past 3-4 months. I'm not sure I ever even broke even under Trump. And I don't understand why the Democrats aren't thumping the tub harder than they have been. Joe and company have been far better for the economy than Trump regardless of pandemic dynamics. And never forget; it was Trump who shut the country down and Trump who got the inflation rocket primed with the first $1.5 Trillion giveaway
 
It's been good except for the value of the dollar ..the numbers are good but the bang for the buck has taken a massive hit ..lot of price gouging. I don't blame that on Joe, it started under Trump but in Oregon nobody should pay 80 dollars for a sheet of plywood that's not trucked across the country to get to you. A bottle of skin lotion that went for 1.98 is now 11.98. etc...my PERS savings account took a big dump under Trump and is doing much better under Joe. Next year I'll start tapping into my IRA accounts as I'll be 70 and have to start using it yearly.
 
riverman said:
It's been good except for the value of the dollar ..the numbers are good but the bang for the buck has taken a massive hit ..lot of price gouging. I don't blame that on Joe, it started under Trump but in Oregon nobody should pay 80 dollars for a sheet of plywood that's not trucked across the country to get to you. A bottle of skin lotion that went for 1.98 is now 11.98. etc...my PERS savings account took a big dump under Trump and is doing much better under Joe. Next year I'll start tapping into my IRA accounts as I'll be 70 and have to start using it yearly.
Click to expand...
Inflation in the US has been lower than the rest of the world.

The president of the United States doesn't control world monetary value.
 
Hmmm, just looked at 10 year charts for the stock market.

The Nasdaq did do better under Biden.

The dow did slightly better under Trump.

After you factor in inflation, real inflation, not the phony numbers the govt always puts out to keep col increases down. It appears the results are too close to call. Your results may vary.
 
riverman said:
It's been good except for the value of the dollar ..the numbers are good but the bang for the buck has taken a massive hit ..lot of price gouging. I don't blame that on Joe, it started under Trump but in Oregon nobody should pay 80 dollars for a sheet of plywood that's not trucked across the country to get to you. A bottle of skin lotion that went for 1.98 is now 11.98. etc...my PERS savings account took a big dump under Trump and is doing much better under Joe. Next year I'll start tapping into my IRA accounts as I'll be 70 and have to start using it yearly.
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I believe the new required distr age is 73 id you tuned 72 after 2022.
 
oldfisherman said:
Hmmm, just looked at 10 year charts for the stock market.

The Nasdaq did do better under Biden.

The dow did slightly better under Trump.

After you factor in inflation, real inflation, not the phony numbers the govt always puts out to keep col increases down. It appears the results are too close to call. Your results may vary.
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Yep. The president doesn't matter. Dem or Republican. They are all beholden to the corporate overlords.
 
No. Mine’s down bigly since Sleepy Joe took office.
 
MickZagger said:
Everyone’s 401k doing okay under sleepy Joe?
Click to expand...
My stocks are up over 20% over the last 12 months. 401k's can be tricky because you need to choose a certain portfolio that may or may not reflect the overall markets. My wife's 401k was not nearly as productive the last 12 months because she chose a safety of principle portfolio.
 
tlongII said:
Maybe, maybe not. I’m financially secure. Wouldn’t mind being securer though.
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If your portfolio is aligned with a political party I'd be looking at figuring out why.

Or better yet, find another that is aligned with the other political party and switch when the president changes. You're already halfway there!
 
Phatguysrule said:
If your portfolio is aligned with a political party I'd be looking at figuring out why.

Or better yet, find another that is aligned with the other political party and switch when the president changes. You're already halfway there!
Click to expand...

My portfolio has nothing to do with politics.
 
tlongII said:
No. Mine’s down bigly since Sleepy Joe took office.
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That's strange because the stock market overall is up substantially since 2020. Most of my portfolio is invested in nasdaq stock and after a big dip the first part of 2022 has been up overall since.
 
After 55 years of playing the stock market, I pulled out several years ago and happy with cds.

My advice, play sectors. Either with mutual funds, or individual stocks.

A hot sector will increase the value of bad companies, while a cold sector will drag down the value of good companies.

It's more important to pick the right sector than the right stock. However, the best sectors change with time.
 
Phatguysrule said:
If it's down significantly under Biden it must.
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Well, there might be a correlation, but I don't know that there must be causation? What if, for example, he put all his chips on one company, which tanked because of fraud allegations?

barfo
 
barfo said:
Well, there might be a correlation, but I don't know that there must be causation? What if, for example, he put all his chips on one company, which tanked because of fraud allegations?

barfo
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True. Then my first comment about needing to be more diversified would apply.
 
oldfisherman said:
After 55 years of playing the stock market, I pulled out several years ago and happy with cds.

My advice, play sectors. Either with mutual funds, or individual stocks.

A hot sector will increase the value of bad companies, while a cold sector will drag down the value of good companies.

It's more important to pick the right sector than the right stock. However, the best sectors change with time.
Click to expand...
I pulled out of the market several years ago as well. I had the most success over the last 40 years investing in the money market but I've not done that in a long while. I just keep two mutual funds and my PERS account these days. The mutual funds I control now instead of a broker...the PERS is still tied to the market until I cash it out and it's performed well so I've left it to work for me the last few years.
 
President - growth
Reagan - 135%
HW Bush - 45%
Clinton - 226%
Dubya - -21% (yes net negative)
Obama - 148%
Trump - 56%
Biden (to date) - 21~%

Biden hasn’t been so good historically, but look back prior to Reagan and you’ll see 21% ain’t that bad. Also gotta take into account he’s been dealing with inflation, wars, and other economic headwinds and yet the economy is still chugging along.

source: https://finance.yahoo.com/news/stock-market-performed-under-president-220026422.html
 
Voodoo said:
President - growth
Reagan - 135%
HW Bush - 45%
Clinton - 226%
Dubya - -21% (yes net negative)
Obama - 148%
Trump - 56%
Biden (to date) - 21~%

Biden hasn’t been so good historically, but look back prior to Reagan and you’ll see 21% ain’t that bad. Also gotta take into account he’s been dealing with inflation, wars, and other economic headwinds and yet the economy is still chugging along.

source: https://finance.yahoo.com/news/stock-market-performed-under-president-220026422.html
Click to expand...
The increase for Biden only goes thru Feb. 6, 2023. The market had a big bump beginning mid year and ended up substantially higher than 21%.
 
Voodoo said:
President - growth
Reagan - 135%
HW Bush - 45%
Clinton - 226%
Dubya - -21% (yes net negative)
Obama - 148%
Trump - 56%
Biden (to date) - 21~%

Biden hasn’t been so good historically, but look back prior to Reagan and you’ll see 21% ain’t that bad. Also gotta take into account he’s been dealing with inflation, wars, and other economic headwinds and yet the economy is still chugging along.

source: https://finance.yahoo.com/news/stock-market-performed-under-president-220026422.html
Click to expand...

Now I remember why I liked Reagan, and really liked Clinton. Good times to be in the stock market. It was raining money.
 
Kano John said:
The increase for Biden only goes thru Feb. 6, 2023. The market had a big bump beginning mid year and ended up substantially higher than 21%.
Click to expand...

I hand calculated my number for Biden based on the current stock number, that’s why I stated (to date).
 
I play the S&P and for my age I’m on pace for a beautiful cherry on top of my phat pension

just sayin..
 
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