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#12575909 - 01/12/18 04:54 PM Market gone wild!
T Bird Offline
TFF Celebrity

Registered: 03/07/10
Posts: 5412
Loc: Temple, Texas USA
Last 2 days gains in the stock market have been pretty spectacular.

Your 401K's, Mutual Funds and similar investments are very happy. cheer

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#12575913 - 01/12/18 05:00 PM Re: Market gone wild! [Re: T Bird]
deerfeeder Offline
TFF Guru

Registered: 11/20/08
Posts: 20687
Loc: Far West, Tx
One of these days what goes up, must come down. I'd move as much out as legally possible without generating a huge tax bill. Just sayin'.
_________________________
Non Sibi Sed Patriae -- "Not for self, but for country."


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#12575915 - 01/12/18 05:03 PM Re: Market gone wild! [Re: deerfeeder]
H.Town_paddler Online   content
TFF Celebrity

Registered: 12/07/11
Posts: 5376
Loc: Texas
Originally Posted By: deerfeeder
One of these days what goes up, must come down. I'd move as much out as legally possible without generating a huge tax bill. Just sayin'.

It's going to go on for at least 2 more years IMO. The new tax bill has folks speculating on growth. The next year will be the actual growth of companies taking advantage of the tax bill. After that who knows.

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#12575925 - 01/12/18 05:25 PM Re: Market gone wild! [Re: T Bird]
bloo_rainger Offline
Extreme Angler

Registered: 12/19/07
Posts: 2806
Loc: Tarrant
We all known Tallgrass can’t stand Trump but I also know Tallgrass is into investing money. I’ve lately been curious his feelings on the amount of money his investments have grown. Surely TG has to be as ecstatic has the rest of us common folk.

How much longer TG do you see the bulls running before we need to get out?


Edited by bloo_rainger (01/12/18 05:27 PM)

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#12575933 - 01/12/18 05:29 PM Re: Market gone wild! [Re: deerfeeder]
SheldonS Offline
TFF Guru

Registered: 10/19/04
Posts: 15831
Loc: Bedford, TX
Originally Posted By: deerfeeder
One of these days what goes up, must come down. I'd move as much out as legally possible without generating a huge tax bill. Just sayin'.


You can usually move it within your 401K to something similar to a savings account with no tax liability. However, the most important thing is to have a balanced portfolio for your age of retirement.
_________________________

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#12575957 - 01/12/18 05:46 PM Re: Market gone wild! [Re: T Bird]
Derek 🐝 Offline
Queen of Bees

Registered: 02/10/04
Posts: 59252
Loc: Ennis, TX.
I don't trust the stock market. I deal in tangibles. So I bought Scagnetti's food stamps and family jewels. I'm going to flip them on Craigslist for a nice profit.
_________________________
John175® Will be my FIL or Step Daddy one day.

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#12575963 - 01/12/18 05:53 PM Re: Market gone wild! [Re: Derek 🐝]
Scagnetti Offline
TFF Guru

Registered: 01/23/06
Posts: 27228
Loc: Dallas
Originally Posted By: Derek 🐝
I don't trust the stock market. I deal in tangibles. So I bought Scagnetti's food stamps and family jewels. I'm going to flip them on Craigslist for a nice profit.

I hate you
_________________________



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#12575990 - 01/12/18 06:18 PM Re: Market gone wild! [Re: T Bird]
Emit R Detsaw Offline
TFF Guru

Registered: 01/12/10
Posts: 10581
Loc: Behind You!
Over the next couple years, when companies start actually getting the profits from the tax breaks, stocks will continue to rise due to increased profits and the fact that they are buying back their outstanding shares, thus driving up the share prices. Then the prices will fall. Of course, if Recession or Inflation hits, all bets are off.
_________________________
"One day, life in America will be hopeful again, and not hateful." - Gov. Gary Johnson for President

"Every time you get upset at something, ask yourself if you were to die tomorrow, was it worth your time being angry?" - Robert Tew

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#12576010 - 01/12/18 06:33 PM Re: Market gone wild! [Re: bloo_rainger]
fish4bass Offline
TFF Celebrity

Registered: 11/10/02
Posts: 7648
Loc: North Tx, USA
Originally Posted By: bloo_rainger
We all known Tallgrass can’t stand Trump but I also know Tallgrass is into investing money. I’ve lately been curious his feelings on the amount of money his investments have grown. Surely TG has to be as ecstatic has the rest of us common folk.

How much longer TG do you see the bulls running before we need to get out?


It more than doubled under the last admin after the meltdown in '08. Just saying. Nothing new.

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#12576014 - 01/12/18 06:36 PM Re: Market gone wild! [Re: T Bird]
lconn4 Online   content
TFF Celebrity

Registered: 12/02/12
Posts: 8024
Loc: Cherokee County
Hope TG didn't convince his group to short the market when Trump was elected. roflmao
_________________________

A good rule of angling philosphy is not to interfere with another fisherman's ways of being happy, unless you want to be hated.

Zane Grey, Tales of Fishes, 1919


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#12576019 - 01/12/18 06:39 PM Re: Market gone wild! [Re: lconn4]
fish4bass Offline
TFF Celebrity

Registered: 11/10/02
Posts: 7648
Loc: North Tx, USA
Originally Posted By: lconn4
Hope TG didn't convince his group to short the market when Trump was elected. roflmao


Is this beat up TG night? Some of you folks should be nice. We all have an opinion. He doesn't seem like a bad person.

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#12576028 - 01/12/18 06:45 PM Re: Market gone wild! [Re: Scagnetti]
Derek 🐝 Offline
Queen of Bees

Registered: 02/10/04
Posts: 59252
Loc: Ennis, TX.
Originally Posted By: Scagnetti
Originally Posted By: Derek 🐝
I don't trust the stock market. I deal in tangibles. So I bought Scagnetti's food stamps and family jewels. I'm going to flip them on Craigslist for a nice profit.

I hate you


Sorry bro. But it's a str8 business decision. Trying to save for my kids college. They want to go to the real KU. Kaplan University. Ain't going to be cheap.
_________________________
John175® Will be my FIL or Step Daddy one day.

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#12576095 - 01/12/18 07:31 PM Re: Market gone wild! [Re: deerfeeder]
Finesse Master/ Dropshot king Offline
Extreme Angler

Registered: 12/18/15
Posts: 1225
Loc: DFW
Originally Posted By: deerfeeder
One of these days what goes up, must come down. I'd move as much out as legally possible without generating a huge tax bill. Just sayin'.


this is true
_________________________


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#12576100 - 01/12/18 07:33 PM Re: Market gone wild! [Re: Derek 🐝]
butch sanders Offline
TFF Guru

Registered: 03/17/05
Posts: 25475
Loc: Arlington, Texas
Originally Posted By: Derek 🐝
I don't trust the stock market. I deal in tangibles. So I bought Scagnetti's food stamps and family jewels. I'm going to flip them on Craigslist for a nice profit.


you really should invest in
his horse racing pix

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#12576111 - 01/12/18 07:43 PM Re: Market gone wild! [Re: T Bird]
fishslime Offline
Extreme Angler

Registered: 09/23/08
Posts: 2249
Loc: mckinney
I've been in this situation before - the late 90's in particular. I paid for it in the early 2000's because I didn't get out of the market and have had to stay in the market for the past 18 years to get my money back. It's a long term thing. I still remember Alan Greenspan talking about "irrational exuberance" mainly with tech stocks at that time (I didn't believe him like a lot of others.), and of course that bubble burst. I think a different version is happening now because of the tax law which benefits big business and a general perception that the orange clapper will be good for business. Just watch corporate earnings. When corporations start to have earnings problems, look for a prolonged "correction". In between there will be some corrections but not prolonged. The other major issue to me is the start of some war which could be a real problem. Eventually, the national debt will be a major issue, but at the age of 72, I probably won't live long enough to witness the default of the country unless they get it under control. Right now our debt is at 102% of the GNP. That's uncharted territory for this country when there is not a major war to blame it on. Don't gamble on the stock market with money you need survive. That's my take.

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