flandersguy
Registered
I’m more than happy to have a spirited debate on the facts, but when I’m hearing that the economy and 401ks were worse when Obama left office than when he entered, that’s a nonstarter for me. It tells me the author of the statement is either uninformed or cognitively inept, either of which I have no interest in having any dealings with cause all they do is suck away my good brain cells.
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how could I explain my 401k skyrocketing in 2017 and 2018? Left over from Obama’s economic jumpstart? I mean my 401k hardly moved from 2010-2016... I was putting in 15% since 2010... there’s a big spike in the graph right around March to August 2017.
Well let’s see.... you highlighted the part of flandersguys post about how women shouldn’t vote for trump (which makes no sense anyway) and you continue on to say that the slump in black voter turnout is a reason trump won, as if they’re all supposed to go out and vote for Hillary, they should just shut up and go as they’re told right????
Rachel Maddow? ,lmao
do you get all your info from the radical far left conspiracy theorist socialists?
no one gives two shits about the national debt. they’re all hypocrites on both sides of the isle when it comes to this issue with the exception of Rand Paul and Justin Amash
And where do u get ur “facts?” The fact is the chart is accurate and it points to the hypocrisy of the Republican Party. I’m still LMAO at dude who’s 401k stayed the same from 2010-2016. While everybody else was making money and the stock market was hitting record highs, his shit stayed stagnant...fucking hilarious!
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it was vangaurd ... minimum risk.. and during that time it wasn’t totally stagnant but never a spike or increase like you guys say it should have been. 2017 there was a large increase,And where do u get ur “facts?” The fact is the chart is accurate and it points to the hypocrisy of the Republican Party. I’m still LMAO at dude who’s 401k stayed the same from 2010-2016. While everybody else was making money and the stock market was hitting record highs, his shit stayed stagnant...fucking hilarious!
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Did you get my pm?So this is the most basic look without giving up any personal info.... I shouldn’t have used the term skyrocket but the increase around 2017-2018 is much larger than at any other period since I started my 401k...
with that said, I never claimed nor will I ever claim to know jack shit about this whole imaginary money retirement thing, complicated shit for me. I’m not a money guy, so if y’all got info that can help me actually retire comfortably by 65 I’d be happy to learn
it was vangaurd ... minimum risk.. and during that time it wasn’t totally stagnant but never a spike or increase like you guys say it should have been. 2017 there was a large increase,
at least according to my fund graph ... I’ll see if I can post a pic.
Im glad your 401k was doing good bud.
yeah man, I replied. Stay outta trouble bro lol ...Did you get my pm?
see, I don’t know much about all that. To me, it’s like gambling. I can’t stand losing money, so i don’t gamble. I should prolly start playing the lotto soon..... gotta have money to make money.Ok, that sounds about right. That’s similar to the G Fund which is “safe” cause it’s minimal risk but only gives u a shitty 2% rate of return. My 401k is more diversified and under Obama I completely rebounded from the losses under Bush and made further gains. It’s continued and grown larger under Trump so I can’t take that away from him.
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Here's a comparison of the Dow under Trump vs Obama.
You need to learn how to create a chart....Obama took office in January 2009. Your chart only reflects the past five years (2015 to 2019).
The DOW was at 8,300 on the day Obama took office and at 19,800 when he left. That is an average annual return of 13% for the eight year period.
The DOW closed at 24,600 after trump’s first two years in office. That is an 11% average annual return for a two year period.
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You need to learn how to create a chart....Obama took office in January 2009. Your chart only reflects the past five years (2015 to 2019).
The DOW was at 8,300 on the day Obama took office and at 19,800 when he left. That is an average annual return of 13% for the eight year period.
The DOW closed at 24,600 after trump’s first two years in office. That is an 11% average annual return for a two year period.
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Thank u!! I was about to say the same thing. Also, I would be more impressed if Trump started with an economy in a DEEP RECESSION. Context matters ppl. Obama took the economy out of recession AND the stock market hit record highs during his term. He did more with less...sorry folks, just facts.
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you also have to take into account how Obama had 0% interest rates this whole presidency and when Trump gets in they start jacking it up hampering economic growth.
100 basis points over two years is not “jacking up.” If the economy is the best in history as Trump claims, the rate increase would not be an issue.
Plus Trump was criticizing the Fed for keeping rates low in 2016. Listen to the interview. The only reason he wants rate cuts now is because his massive tax cut did not provide the economic growth he promised.
https://www.google.com/amp/s/www.cn...-says-fed-chief-yellen-should-be-ashamed.html
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your post is disingenuous, i’m sure you know better.
Obama took office in a recession the of course its going to be down and then go up afterwards . that what happens in the markets.
It’s currently between 2-2.25% That’s 200 basis points. which is 100% more than what you thought
Disingenuous? Numbers/facts don’t lie. You can spin it any way you want but Obama took office at the start of the second worst economic downturn in history and left office when growth was increasing and employment was trending down. Trump inherited a economy in good shape and it’s been on the same trend over the past 2.5 years.
Where are the coal mine jobs Trump promised?
How many companies moved manufacturing back to the USA?
Why hasn’t the self proclaimed master deal maker inked a trade deal with China yet? The trade war has been going on for more than 12 months. Trump said trade wars are easy to win.
Why is Trump providing farmers a $25 billion bailout?
Where is the infrastructure plan Trump promised?
Where is Trumps beautiful health plan he promised?
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It’s was 0.75-1.0 when Trump took office. It is currently at 2-2.25. That’s a 125 basis increase, not 200. Sorry, I was off 25 bps. Regardless, the greatest economy in history as Trump claims, should be able to handle a 2.25% fed rate.
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