China halts export of rare earthes

[Marener]

But, yeah, everybody's 401k is getting hurt right now. But not as bad as they did under Sponge Brains Shits Pants. Or the Bastard Son of Frank Marshall Davis. And not as bad as what the next dimocrap scumbag will do.

Market was up 65% over Biden’s term, which is fantastic no matter who you are.

We will be lucky if we avoid a recession under this dope.

 

[Couchpotato]

Until 2023, China produced 99 percent of the world’s supply of heavy rare earth metals, with a trickle of production coming out of a refinery in Vietnam. But that refinery has been closed for the past year because of a tax dispute, leaving China with a monopoly.

That doesn’t make them rare.

The Not-So-Rare Earth Elements: A Question of Supply and Demand

Energy policy research from the University of Pennsylvania

kleinmanenergy.upenn.edu

 

[Couchpotato]

Market was up 65% over Biden’s term, which is fantastic no matter who you are.

We will be lucky if we avoid a recession under this dope.

You are using the same flawed logic as the job creation bullshit. The Government artificially contracted the market through stupid COVID policy. Same as the job market and gas/oil prices.

 

[Marener]

You are using the same flawed logic as the job creation bullshit. The Government artificially contracted the market through stupid COVID policy. Same as the job market and gas/oil prices.

Biden added 6 million jobs over four years and kept unemployment pretty low. You’re just playing politics.

 

[Couchpotato]

Biden added 6 million jobs over four years and kept unemployment pretty low. You’re just playing politics.

Letting everyone go back to work is not creating jobs sorry

 

[Marener]

Letting everyone go back to work is not creating jobs sorry

6 million jobs over the pre-COVID peak, lol.

 

[Couchpotato]

6 million jobs over the pre-COVID peak, lol.

Employment, 2017 - present - Infogram

infogram.com

Literally the same trajectory we were on prior to COVID. Take you mouth of Biden's cock for a second and you might learn something.

 

[JohnDB]

 

[Marener]

Employment, 2017 - present - Infogram

infogram.com

Literally the same trajectory we were on prior to COVID. Take you mouth of Biden's cock for a second and you might learn something.

So that kind of destroys the idea that Biden was some kind of disaster for the economy. If he had caused a recession or something, employment would have dropped.

 

[JohnDB]

 

[Rambunctious]

Only if we fight for Taiwan. Taiwan is historically Chinese, only torn from them by Japan pre WWII. We have no treaty with them. We can always admit Taiwanese as US citizens like Cuban refugees.

The United States does not have diplomatic relations with Taiwan... but we have a robust unofficial relationship with them for business and commerce... it is a strategic nation for us...

 

[1srelluc]

Nope, I-phones and computers are exempt.

Damn.

 

[Zincwarrior]

The United States does not have diplomatic relations with Taiwan... but we have a robust unofficial relationship with them for business and commerce... it is a strategic nation for us...

Yes, but not wroth 50,000 dead over, and still losing Taiwan, and maybe South Korea. I am sure they would tell NK to invade at the same time.

 

[Rambunctious]

Yes, but not wroth 50,000 dead over, and still losing Taiwan, and maybe South Korea. I am sure they would tell NK to invade at the same time.

Every president since Bush has promised to defend Taiwan if attacked by China...

 

[CrusaderFrank]

What result would make you rethink the wisdom of these actions on tariffs? Is there any failure where you would come back and say "that was a bad idea and poor strategy?".

Obviously!

Taking on China, now, today is like “stopping Hitler at Munich”

 

[Rambunctious]

Yes, but not wroth 50,000 dead over, and still losing Taiwan, and maybe South Korea. I am sure they would tell NK to invade at the same time.

SK could wipe out NK in less than 6 months... and if anyone attacked SK they would be attacking the USA... that's how many troops we have stationed there...

 

[Zincwarrior]

Every president since Bush has promised to defend Taiwan if attacked by China...

They can go.. Trump hasn't.

 

[Winston]

My 401k, like yours is worth exactly what it was worth last year. Nothing.

Until they are cashed in, they are just a piece of paper. If I were cashing mine in now, I might be a little upset but I would wait.

This is all gonna settle down and come out better than ever. I've been there before. Sold the T-shirt. Lost my ass in '88 when Ronnie was suffering dementia and changed the Capital gains tax, which caused the Markets to shit the bed. So, I thought, "Hey, I have a Securities license and I'm smart. I'll get out while the getting is good!"

Bad move. Learned my lesson, too. Dumbass Rookie mistake. Cost myself a shit-ton of money that I really never made back. Now I just ride the waves and don't look back.

I would recommend that for everybody. Make your investment decisions and -- Walk away. If you made a provably bad decision, get out of it. I made a move a couple Months ago when I got out of a EuroPac fund. First move I've made in 20 years. Probably my last, too.

But, yeah, everybody's 401k is getting hurt right now. But not as bad as they did under Sponge Brains Shits Pants. Or the Bastard Son of Frank Marshall Davis. And not as bad as what the next dimocrap scumbag will do.

Inflation MUST come down or we'll all be retiring into 2 BR Condo's in The Villages. The retirement House I could have bought 5 years ago for $250k is now $600k. I can't afford that. Even worse, I can't afford the recurring expenses........ Insurance on it would be near $10k (florida), taxes over $8k.

How much has your retirement house gone up? Can you still afford it? Or, if you can, will it eat up too much of your available Capital? It's one thing to retire, it's another to have to sit around and watch Re-Runs all day, eating TV Dinners because the cost of going out for even a casual dinner with Mama is $100 a shot.

Your first mistake is having those funds in a 401K. The absolute only reason to have a qualified 401K is to take advantage of any employer matching funds. When you withdraw those funds you are going to be hit with income taxes on what you deferred and on the earnings. You could create a charitable remainder trust, either a CRAT or a CRUT. But that is going to limit your yearly distributions

A ROTH is a much better option, pay the taxes now and the money is what I call NONEYOU money. What you take out during retirement is none of the government's business. Of course, there are contribution limits with the ROTH. But investing non-qualified money means paying capital gains taxes instead of income taxes on any distributions.

Your second mistake, not wanting to make moves. Harvesting losses within nonqualified investments is an integral part of proper portfolio management. I know the mantra, invest for the long-term is always spouted, but just like in retail, profit is in turnover, not carryover. Warren Buffet may be the most famous value and long-term investor, yet he still utilizes loss harvesting.

And speaking of Buffet, what the hell is a retirement home? Selling the family home, with the revenue being tax-free, and moving to a two-bedroom condo in the Villages might be a better move than biting off a new house, and certainly not taking out a mortgage for it.

But perhaps your biggest mistake, flippin Florida. Damn skippy insurance is through the roof, because Florida is a shithole. Hell, they are giving South Carolina a run for their money now. Western North Carolina is a much better option, and even the Piedmont and Coastal areas have a lower cost of living, and in most cases, better healthcare and safer. Hell, I don't even bother locking my door when I leave.

The rest of your rant is just political posturing. Sure, the market did good under Trump. S & P up 67%. And yes, that was better than Biden. But Obama, up 182%. Clinton, up 210%. Eight years of Bush Jr. , down 40%. Even his Daddy, in four years, posted a gain of 51%. Reagan, up 118%. The day Obama was inaugurated I left for work, driving a mile down my private drive, a hawk following me overhead. That day I took in hundreds of thousands of dollars in investments and by the time he left office, well my ass was a hero.

 

[Rambunctious]

They can go.. Trump hasn't.

 

[imawhosure]

^ Rooting for the CCP!

Truly the thoughts of an "Independent" openly embracing his Inner Mao

Floozy needs to be watched by Kash. Floozy is anti American!