Tariffs...what to make of them.

Bike N Gear said:
He might do this for a living but he knows no more than we do as to how this will play out. He was pretty sure today was going to suck.
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You have to understand that a lot of these financial advisors are former high school football stars with absolutely no future. Yes there are good ones out there. Like 10% of them are able to beat the S&P500. But the vast majority think that their job is to move money constantly to make it seem like they are doing something.

That said, he's probably right about today sucking.
 
Norm said:
You have to understand that a lot of these financial advisors are former high school football stars with absolutely no future. Yes there are good ones out there. Like 10% of them are able to beat the S&P500. But the vast majority think that their job is to move money constantly to make it seem like they are doing something.

That said, he's probably right about today sucking.
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Oh, I know. My wife feels more comfortable with an FA, but they only manage about 25% of the portfolio. That portion is totally conservative so he called to say we were only down 3.5%. He only does what we want and never tried to or has beat the market.
 
Bike N Gear said:
Oh, I know. My wife feels more comfortable with an FA, but they only manage about 25% of the portfolio. That portion is totally conservative so he called to say we were only down 3.5%. He only does what we want and never tried to or has beat the market.
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My guy wanted us to do a 5 year immediate annuity with return of equity at the end.
We didn't - which means we would have missed this whole shit show!
Now he's looking like a genius.
 
Patrick said:
My guy wanted us to do a 5 year immediate annuity with return of equity at the end.
We didn't - which means we would have missed this whole shit show!
Now he's looking like a genius.
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Guess ur guy is trying to maximize your commissions paid to him. Annuities are the most profitable product an FA sells.

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I can't believe this is not intentional. Tank the market so all the super-wealthy can buy, then "pause" the baloney tariffs and watch it grow again. Until the next hairbrained announcement, I am sure Elon and his ilk are using this to create "loss leaders" and dodge all taxes while taking $$ from government subsidies. Meanwhile regular people are scratching their heads, paying thier taxes, and trying to decide how not to lose their little nest egg. Its all BS 😡
Mahnken said:
90 day pause on tariffs 🤣 that's what's going on
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2Julianas said:
I can't believe this is not intentional. Tank the market so all the super-wealthy can buy, then reverse the tariffs and watch it grow. I am sure Elon is using this to create "loss leaders" and dodge all taxes while taking $$ from government subsidies. Meanwhile regular people are scratching their heads and trying to decide how not to lose their little nest eggs. Its all BS 😡
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White House now saying that it's fake news. What a clown show.
 
2Julianas said:
I can't believe this is not intentional. Tank the market so all the super-wealthy can buy, then "pause" the baloney tariffs and watch it grow again. Until the next hairbrained announcement, I am sure Elon and his ilk are using this to create "loss leaders" and dodge all taxes while taking $$ from government subsidies. Meanwhile regular people are scratching their heads, paying thier taxes, and trying to decide how not to lose their little nest egg. Its all BS 😡
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Even Elon said there shouldn't be tariffs between the US and Europe.
 
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