Kinja reply list

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Munchintowok-by-proxyHamilton Nolan
2/11/16 9:27am
Which is why, unless you’re retired and have to make your annual withdrawals, don’t sell your investments, try to buy again when the market is lower, sell again because you’re afraid, buy, sell, sell, buy, and wind up chasing your tail as your hard earned money disappears. In the case of a market correction, pull a Rip Van Winkle, live your life, and you’ll be just fine in a few years.
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  Joliet Jake BluesMunchintowok-by-proxy
  2/11/16 9:36am
  I'm excited as my dividends have been accumulating and now is the time to buy.
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  Stephen Dowling BottsMunchintowok-by-proxy
  2/11/16 9:41am
  That will always be true right up until the minute it isn't.
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PBinAPHamilton Nolan
2/11/16 9:24am
So basically I should just sit here and keep investing in index funds, and not worry about fluctuations in the market? Ok.
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  CatdogWhispererPBinAP
  2/11/16 9:30am
  I recommend pouring all your money into pork belly futures, but then I am only a novice at this. You should probably find a professional to give you equally bad advice instead.
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  Hawkeye-15CatdogWhisperer
  2/11/16 9:37am
  I recommend pouring all your money into pork belly ~~futures~~
  
  ftfy
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Sid and FinancyHamilton Nolan
2/11/16 9:24am
Add that guy in the stock photo’s facial hair to the list of bad things happening.
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  Mount_PrionSid and Financy
  2/11/16 9:28am
  The stock market’d be doing fine if the trading floor hadn’t been invaded by hungry tribbles.
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  Sid and FinancyMount_Prion
  2/11/16 9:37am
  The trouble with tribbles is intruding on trading.
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sour duckHamilton Nolan
2/11/16 9:33am
I enjoy when people buy gold for no reason. I just like to imagine some rich asshole hording a table full of gold and when the market recovers realizing he lost a lot of money.
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  deliaplumsour duck
  2/11/16 10:15am
  it’s especially absurd since no one is buying real, physical gold. just “paper” gold. so if this was the apocalypse, your gold would still be worthless.
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  Whitcombrileydeliaplum
  2/11/16 10:16am
  Many gold bugs do buy real gold.
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OhioGrownHamilton Nolan
2/11/16 9:27am
Statistically we are overdue for the next recession, which historic trends will be worse and longer than the previous one.

Time to start being like corporations and hoard cash while making minimal payments on everything else. No point in paying down lots of debt (unless you can pay if off completely) when you can have a hidden horde of cash and claim bankruptcy.
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  Sid and FinancyOhioGrown
  2/11/16 9:42am
  Which historical trends indicate that the recession following the worst one in two generations will be even worse, exactly?
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  C00LderekOhioGrown
  2/11/16 9:52am
  Forecasting does point to a recession, but your statement that “statistically we are overdue” for one makes no sense.
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StairmasternemHamilton Nolan
2/11/16 10:06am
This is why I’m hesitant to pour money into the stocks, 401k and whatnot. I know I need to start thinking about this stuff soon (age 26 here) but I’m not even sure where I should begin, or even why.

I feel like it may be a better retirement plan to bury money all over the yard, Ron Swanson style.
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  MuscatoStairmasternem
  2/11/16 10:23am
  Oh, baby, no. If you’re 26 and have some spare cash, get yourself a nice, non-fancy, low-fee IRA, sit down with whoever’s running it for you and, since you’re young, choose the slightly-more-but-not-very adventurous side of it, and then contribute, contribute, contribute. In 40 years or so you will be very happy. I didn’t get to start mine ‘til I was in my mid-thirties, but even s0 (since I have both the retirement fund and an old-fashioned pension), I’m going to be okay. Not this week maybe (2016's been pretty brutal, actually), but in a few years when I need it.
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  ThriceStaleyMuscato
  2/11/16 10:26am
  ^Listen to this man.^
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Carmellio SampersHamilton Nolan
2/11/16 10:42am
This all calls into question the efficacy of America’s new age brand of capitalism. You know the brand that has new and improved wealth concentrating power and 30% less meaningful employment.
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  under_electricliteCarmellio Sampers
  2/11/16 11:24am
  Weren’t the Goldman Sach’s analysts worried about this exact same thing? That the HUGE amount of profit corporations were making was so well beyond predicted that they had to look at the system and go “There’s something terribly unnatural and unsustainable going on here.”
  
  I’ve been wondering about it myself mainly through looking at other businesses and their profits as well as the current issues:
  
  All these supposedly profitable corporations are conducting shady wage-theft/suppression schemes on HUGE levels like the Techtopus scandal still brewing in Sillicon Valley, Wal-Mart essentially can’t exist without government handouts since it only clears a profit of 3%, the VFX industry worldwide exists on fumes, all while we keep hearing stocks are up, this industry is making record profits, etc.
  
  And this is all just a fragment of a much larger global picture, but given what we’ve learned over the past few years the idea that our entire global economic structure is built on a fault line isn’t too surprising, neither is the idea that any can or will do anything about it and continue on with the status quo until all the wealthy and powerful people are relocated to a mountain shelter, ala Fallout 4 because the world collapsed into a Mad Max hellscape.
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  JackieHarknessunder_electriclite
  2/11/16 1:33pm
  You say “Mad Max hellscape” like it’s a bad thing. It’s 17 degrees in Chicago.
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KumichoHamilton Nolan
2/11/16 9:26am
So, what you’re saying is that I should get ready to buy when everyone else is selling? Sounds good to me, it worked in ‘08/09...
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  mrsharpphotoKumicho
  2/11/16 9:29am
  well...
  
  smart investing means that you’d be looking at oil prices and gradually investing $$ into oil-related stocks, looking for long-term profit even if there are short-term losses.
  
  in 10 years, oil will not be trading this low. even 20 years, if you can hold off. don’t go all in like a poker tournament. invest some $$ every month and the long-term gain should be quite astounding.*
  
  *unless they discover a cheap alternative to fossil fuels
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  XrdsAlummrsharpphoto
  2/11/16 9:46am
  Oil will go up again. You have to be very careful with bargain-priced oil-related stocks, though. Some of these companies will go so low that they'll go out of business in the short term, leaving the stock worthless. Do your research.
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Sonic Reducer 151Hamilton Nolan
2/11/16 9:24am
I’m on it

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  Kip Russell: Has Spacesuit, will babbleSonic Reducer 151
  2/11/16 9:40am
  I had this 7".
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  FredDorfmanSonic Reducer 151
  2/11/16 10:57am
  This guy gets it.
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Drakkon- Gravity is HOLDING AMERICA DOWN!!! Wake up people!Hamilton Nolan
2/11/16 10:13am
I’m stocking up on single-malt scotch. Lots of it. And sugar. Lots of that too. I won’t be selling sex when the global system of currency collapses so I need something that can be exchanged in kind and is durable.

Screw gold. What are people going to do with that when you have to go buy food? Scotch on the other hand...
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  SktroopDrakkon- Gravity is HOLDING AMERICA DOWN!!! Wake up people!
  2/11/16 11:28am
  Scotch and sugar are fine but nylon stockings, chocolate bars and packs of Luck Strikes work well also.
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  The Gray AdderSktroop
  2/11/16 12:40pm
  And coffee, the good stuff, not fucking Folger’s, in vacuum-sealed bricks.
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