Trump is in trouble

[Lisa558]

Says who? Y'all realize that just making shit up, citing youre imagination as fact doesn't actually have any impact on the real world.

Right?

Remember when Trump gave us that rambling diatribe about how Biden wants to take the the nomination back and believes he made a mistake by dropping out? With Trump citing HIMSELF as Joe Biden?

Do you think your imagination sounds any less doddering, any less useless? This obsessive MAGA reliance on imagination and feelings over facts and evidence will not serve you.

BIDEN SAID HE WOULD ONLY CONSIDER A FEMALE BLACK FOR VP!

 

[Fort Fun Indiana]

Nope, it was planned, that’s as clear as day. Your cult insisted that a DEI person be ran and you planned this as clear as day.

Racists think a DEI candidate can't be qualified.

Then you geniuses proceed to show the world why DEI programs are needed.

It's kind of hilarious, in a way.

 

[Fort Fun Indiana]

BIDEN SAID HE WOULD ONLY CONSIDER A FEMALE BLACK FOR VP!

So what? Only a racist puke would think that means he can't find a qualified candidate.

 

[d0gbreath]

Yes, and we need to plan for this. I moved a portion of my stock holdings into an annuity, and another good chunk into cash. I also am thinking of taking a good amount from my IRA, paying the 22% tax hit, and paying off my mortgage.

The market is likely to fall even more than 22% with an anti-capitalist, socialist president - and this way I will own my home free and clear and reduce my living expenses by about 25%. I will decide on that in October, depending on how effectively the media has blinded the electorate.

I recently considered paying off our mortgage. There's about 10 years left. Most of my research led to financial advisors saying that that really isn't a good thing to do. It's about having the loan with the payments is better, because of the slow pay vs. the pay off.

 

[Lisa558]

I recently considered paying off our mortgage. There's about 10 years left. Most of my research led to financial advisors saying that that really isn't a good thing to do. It's about having the loan with the payments is better, because of the slow pay vs. the pay off.

I think a lot of it comes down to the interest rate. If you think you can earn more in the market, best to leave it there and keep the mortgage. If your rate is high, and we are in shaky grounds with the market, as we currently are, it’s not as clear.

Take credit card debt, for instance. Same principle applies, but the rate is usually high. So if you have a credit card balance of $10,000 at 18% and savings of $100,000, you’d have to earn more than 18% of your savings (good luck) to make it wise to keep the balance.

Mortgage rates, in the 4/5/6% range are usually worth keeping UNLESS there’s a risk of a big market drop. And since Kamala and her cohort are basically socialists (her cohort is worse), we run a risk of a big drop should the worst happen and she wins.

So, let’s look at the numbers again. Let’s say I have $50,000 left on my mortgage and $400,000 in savings. (I’m making these numbers up.) If there’s a good chance the market could drop 20% if she wins, why not take $50,000 out of savings and pay 20% in tax, and then have the house free and clear? No more mortgage, which would really help if the market drops and I would otherwise lose $100,000 by remaining fully invested? Then I’m down to $300,000 - and still have the house payment.

I don’t expect you to fully understand this. You are, after all, a Democrat who is going to vote for a socialist. LOL

 

[d0gbreath]

I think a lot of it comes down to the interest rate. If you think you can earn more in the market, best to leave it there and keep the mortgage. If your rate is high, and we are in shaky grounds with the market, as we currently are, it’s not as clear.

Take credit card debt, for instance. Same principle applies, but the rate is usually high. So if you have a credit card balance of $10,000 at 18% and savings of $100,000, you’d have to earn more than 18% of your savings (good luck) to make it wise to keep the balance.

Mortgage rates, in the 4/5/6% range are usually worth keeping UNLESS there’s a risk of a big market drop. And since Kamala and her cohort are basically socialists (her cohort is worse), we run a risk of a big drop should the worst happen and she wins.

So, let’s look at the numbers again. Let’s say I have $50,000 left on my mortgage and $400,000 in savings. (I’m making these numbers up.) If there’s a good chance the market could drop 20% if she wins, why not take $50,000 out of savings and pay 20% in tax, and then have the house free and clear? No more mortgage, which would really help if the market drops and I would otherwise lose $100,000 by remaining fully invested? Then I’m down to $300,000 - and still have the house payment.

I don’t expect you to fully understand this. You are, after all, a Democrat who is going to vote for a socialist. LOL

I don't gamble. I've heard way too many sob stories from the losers. Especially back in '08.
I do not fully understand all of it, not because I'm voting for a communist, but because I use a safe. I've never really thought of our house as being a politically effected market commodity, it's just home.

You do seem to know your numbers; a tip 'o the hat.

 

[eagle1462010]

I recently considered paying off our mortgage. There's about 10 years left. Most of my research led to financial advisors saying that that really isn't a good thing to do. It's about having the loan with the payments is better, because of the slow pay vs. the pay off.

Pay it off if you can. Debt bubble will blow eventually

 

[Skylar]

Pay it off if you can. Debt bubble will blow eventually

Debt bubbles are problems for those investing in other people's mortgages and for those with variable rate mortgages.

If DB isn't either of those two groups, debt bubbles are essentially irrelevant to them.

 

[Lisa558]

I don't gamble. I've heard way too many sob stories from the losers. Especially back in '08.
I do not fully understand all of it, not because I'm voting for a communist, but because I use a safe. I've never really thought of our house as being a politically effected market commodity, it's just home.

You do seem to know your numbers; a tip 'o the hat.

Investing in the stock market is NOT a gamble, as long as you are in it for the long run. Over time, and I’m talking 100 years, the market has returned an average of 10% or 11% per year, and it really is the only way to beat inflation over time. Keeping money in the safe will eventually lose purchasing power, as inflation erodes its value.

There are safe ways to invest, but again - not jumping in for a few years and then out again, and not buying into the latest trend. A well-balanced portfolio consisting of a broad mix of established companies and some bonds or bond funds is the best way to save for retirement.

IMHO, of course. But regardless, you should always have some money in cash to avoid having to sell at a low.

 

[d0gbreath]

Having grown up in Omaha, Warren Buffett is an idol of mine. I prefer the craps table.

 

[Lisa558]

Having grown up in Omaha, Warren Buffett is an idol of mine. I prefer the craps table.

Ah….a fellow dice player. If you happen to be walking through the casino and see nine rough-looking black dudes and one well-dressed Jewish grandma, that would be me!