Economic News Thread | Fed Quarter Point rate cut

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But a little wait and see how the T-Bond auction goes today …
 
Those who freak out watching the stock market dip and dive, rise and fall on a daily basis are doomed to a life of crap. Play the long game boyz and gurlz. How has your portfolio done over the past 5 years? 10 years? Speak with your financial advisor (I prefer Edward Jones) who must by law act as fiduciary and discuss how aggressive or conservative you may want to be given your age and year you want to retire. Anything else and you’re just pissing in the wind.

And whatever you do, don’t listen to trump about Wall Street! That SOB is pissing on your boots and telling you it’s raining.
 
www.rawstory.com

'This is a lie': Harris campaign hits back at Trump claim he had 'most successful' economy

Donald Trump phoned into "The Fox & Friends" to sing his own praises about the economy and claim that it was best when he was leading it. “If you look at our administration, the most successful administration from the economy standpoint...” Trump said. The Harris-Walz campaign said, "This is a...
www.rawstory.com www.rawstory.com

Donald Trump phoned into "The Fox & Friends" to sing his own praises about the economy and claim that it was best when he was leading it.

The Washington Post did a side-by-side comparison of the economy under Trump and under President Joe Biden. Even before Trump was hit with the pandemic, he only made 6.7 million jobs. After the pandemic, he lost all of it and then some, with the job gains dropping negative 2.7 million. Biden has created 15.7 million jobs as of July 2024.
 


Lol weren't some of our board Trumpers gleefully prancing around jonesing for an economic collapse and a recession on Monday of this week?
 
Centerpiece said:
Those who freak out watching the stock market dip and dive, rise and fall on a daily basis are doomed to a life of crap. Play the long game boyz and gurlz. How has your portfolio done over the past 5 years? 10 years? Speak with your financial advisor (I prefer Edward Jones) who must by law act as fiduciary and discuss how aggressive or conservative you may want to be given your age and year you want to retire. Anything else and you’re just pissing in the wind.

And whatever you do, don’t listen to trump about Wall Street! That SOB is pissing on your boots and telling you it’s raining.
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I don’t disagree with the sentiment, but your financial advisor may not be required to be a fiduciary. If they are a CFP, yes, if they just have their Series 7, no.
 
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Willy said:
I don’t disagree with the sentiment, but your financial advisor may not be required to be a fiduciary. If they are a CFP, yes, if they just have their Series 7, no.
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If one doesn’t know whether or not their financial advisor is a fiduciary, then they need to find out fast and not allow said advisor to pull another string on their behalf. If they are not acting in good faith as a fiduciary, one needs to find that out and proceed accordingly.
 
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