S&P 500 confirms bull market with record close

[goldmom]

I’m required to draw from my 401, but I take the RMD because of my age.
I also have a Roth and some separate stock holdings that were not included in my 401. I have another account that I received upon my Mom’s passing.
My holdings are generally geared to blue chip dividend paying stocks that are not super conservative but not considered risky either.

I’ve never heard the term “decumulation” either but that’s what we retirees are doing.
My “thing” I guess is always trying to make sure I don’t become a burden to my kids - and if I need assisted living in my final years I can pay for it. My own parents were able to do that and to leave each of their four kids a nice bequest and I’m trying to do the same.

 

[seminole97]

I’ve never heard the term “decumulation” either but that’s what we retirees are doing.

Sounds like the anondyne description a Pentagon spokesman would attach to dropping a cluster bomb on a company of enemy troops.

 

[cheeselog8]

My portfolio is still about $80,000 below what it was in January of 2021.

This statement is only relevant if you also share how much you've withdrawn from your portfolio since that date.

 

[lucas80]

‘Bidenomics’ is a flop – and America knows it​

‘Bidenomics’ is a flop – and America knows it

The Biden camp may have dropped talking up “Bidenomics,” but the spiel’s half-truths and tone deafness live on.

thehill.com

How are you doing financially?
Are you better or worse off since Biden was elected president? Are you struggling to pay your bills?

 

[goldmom]

This statement is only relevant if you also share how much you've withdrawn from your portfolio since that date.

Yep. Then you could calculate how much I have or at least make an educated guess using an average % required.
Not happening.
But no big dollar amounts.

 

[srams21]

Yep. Then you could calculate how much I have or at least make an educated guess using an average % required.
Not happening.
But no big dollar amounts.

I don't think he's literally asking you for a dollar amount. He's saying that just because you are 80k down from two years ago doesn't mean your portfolio is actually down.

 

[Next_In_Line]

You win some. You lose some. Thanks for sharing this.

 

[Tenacious E]

It's very possible for retirees who are in decumulation mode and enjoying life

Well if one is in decumalation mode by definition your balance is going to be smaller. Goldy seemed surprised that her balance is smaller, relative to other people experiencing gains.

 

[HawkeyeHitman]

Joe Biden and progressive politics had nothing to with companies like Microsoft, Nivida and Amazon reaching record highs. They did it themselves. Stop taking credit for something you had nothing to do with.

 

[THE_DEVIL]

I’m required to draw from my 401, but I take the RMD because of my age.
I also have a Roth and some separate stock holdings that were not included in my 401. I have another account that I received upon my Mom’s passing.
My holdings are generally geared to blue chip dividend paying stocks that are not super conservative but not considered risky either.

I’ve never heard the term “decumulation” either but that’s what we retirees are doing.
My “thing” I guess is always trying to make sure I don’t become a burden to my kids - and if I need assisted living in my final years I can pay for it. My own parents were able to do that and to leave each of their four kids a nice bequest and I’m trying to do the same.

Wanna adopt THE_DEVIL?

 

[Bulldogs1974]

I gained a lot on my inherited 401k over the last 3 years. I finally rolled into my own. When I called I expected like 150k and it was almost 200k, so I said nice and moved it over. /csb

Same here. Checked those and the 529 and was surprised.

 

[goldmom]

Joe Biden and progressive politics had nothing to with companies like Microsoft, Nivida and Amazon reaching record highs. They did it themselves. Stop taking credit for something you had nothing to do with.

The fact is that the market will do what it will do and the occupant of the White House doesn’t always control it, so yes what you’re saying is true.

 

[jawatkins]

The fact is that the market will do what it will do and the occupant of the White House doesn’t always control it, so yes what you’re saying is true.

What did you invest in that didn’t go up? You would almost have to intentionally lose the last couple years.

 

[Tenacious E]

The fact is that the market will do what it will do and the occupant of the White House doesn’t always control it, so yes what you’re saying is true.

I agree, for the most part. I just wish both sides would remember that when their person isn’t the prez…

 

[DFSNOLE]

I'll wait for the regular naysayers to poo-poo this article.

Inflation Just Did Something It Hasn't Done in 15 Years, and It Could Trigger a Big Move in Interest Rates (and the Stock Market) | The Motley Fool

A multiyear bull market in the S&P 500 might be just around the corner, so long as the Consumer Price Index continues to fall.

www.fool.com

 

[lucas80]

I agree, for the most part. I just wish both sides would remember that when their person isn’t the prez…

I think in the grand scheme of things POTUS doesn't have much day to day impact. That goes for the markets, or the price of gasoline and eggs. I do worry about having a raging narcissist tweeting out crazy s**t about torching North Korea again, ignoring a pandemic, making major decisions to stay out of jail and to punish his real and perceived enemies, and threatening social disorder. Social disorder is bad for my portfolio.

 

[Tenacious E]

I think in the grand scheme of things POTUS doesn't have much day to day impact. That goes for the markets, or the price of gasoline and eggs. I do worry about having a raging narcissist tweeting out crazy s**t about torching North Korea again, ignoring a pandemic, making major decisions to stay out of jail and to punish his real and perceived enemies, and threatening social disorder. Social disorder is bad for my portfolio.

Agree

 

[Bank of Hawk]

I think in the grand scheme of things POTUS doesn't have much day to day impact. That goes for the markets, or the price of gasoline and eggs. I do worry about having a raging narcissist tweeting out crazy s**t about torching North Korea again, ignoring a pandemic, making major decisions to stay out of jail and to punish his real and perceived enemies, and threatening social disorder. Social disorder is bad for my portfolio.

If orange win, you can always short the market.

 

[Joes Place]

I'll wait for the regular naysayers to poo-poo this article.

Inflation Just Did Something It Hasn't Done in 15 Years, and It Could Trigger a Big Move in Interest Rates (and the Stock Market) | The Motley Fool

A multiyear bull market in the S&P 500 might be just around the corner, so long as the Consumer Price Index continues to fall.

www.fool.com

Explicitly how the Inflation Reduction Act will work.

People are getting more efficient things like water heaters, furnaces, etc which use a fraction of the energy the equipment being replaced used to use.

That means more $$ in their pockets, every month, for the next 10-20 years due to those energy savings. Money people don't have to spend on energy costs goes to other goods and services, driving economic growth.

Simply amazing how purported "fiscal conservatives" cannot comprehend this point.

 

[Joes Place]

I think in the grand scheme of things POTUS doesn't have much day to day impact.

But long-term policies absolutely can have an impact.

E.g.: Electrification of rural America; Eisenhower freeway system, WPA, etc etc etc

Today, it's the new Infrastructure Bill and Inflation Reduction Act.

 

[funksouljon]

But long-term policies absolutely can have an impact.

E.g.: Electrification of rural America; Eisenhower freeway system, WPA, etc etc etc

Today, it's the new Infrastructure Bill and Inflation Reduction Act.

While I completely agree, it's such a hard sell for the people who prefer bumper sticker debates. Sort of like showing all the data to people that college is worth it in the long run for most people. Immediate gratification? No. Big picture, yep.

 

[Joes Place]

 

[EasyHawk]

🤡😂

 

[MitchLL]

🤡😂

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Is MAGA stupid enough to believe that?

I imagine a significant percentage of Trump supporters aren't even investors.

 

[DFSNOLE]

Is MAGA stupid enough to believe that?

I imagine a significant percentage of Trump supporters aren't even investors.

He/they can't give Biden any kind of win.

 

[EasyHawk]

Is MAGA stupid enough to believe that?

I imagine a significant percentage of Trump supporters aren't even investors.

A couple MAGA I know text me a bunch of stuff about how I need to google Black Rock and Vanguard and Bill Gates and how they are massively propping up the market for Joe in a huge conspiracy.

 

[lucas80]

A couple MAGA I know text me a bunch of stuff about how I need to google Black Rock and Vanguard and Bill Gates and how they are massively propping up the market for Joe in a huge conspiracy.

How do they feel about the global capitalist financiers? You know, the ones who control everything?

 

[Joes Place]

A couple MAGA I know text me a bunch of stuff about how I need to google Black Rock and Vanguard and Bill Gates and how they are massively propping up the market for Joe in a huge conspiracy.

What do they get in return?

Nuclear secrets???

 

[MitchLL]

He/they can't give Biden any kind of win.

The last week just seems like the entire tenor has changed with the Presidential campaign.

Biden has been in attack mode, Haley is a thorn in Turd's side, and the Radical Right is now flipping out regarding Taylor Swift's potential political influence.

All these point to positive developments for the WH.

 

[FlickShagwell]

Did you spend principal? If not I’m not sure how that’s possible unless you lost a lot or got spooked by Covid in early 2020, then converted your equities to cash and bonds, and then never got back in the market. The last 3 quarters of 2020 were good. 2021 was a great year in the market. 2022 was beyond horrible. 2023 was great again. 2024 is starting off strong.

It’s like you’re looking at my portfolio. The last three months especially have been gangbusters. Long live Bidenomics.

 

[MitchLL]

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Poor Stu...apparently Forbes didn’t read his script before the interview started.

 

[Funky Bunch]

A couple MAGA I know text me a bunch of stuff about how I need to google Black Rock and Vanguard and Bill Gates and how they are massively propping up the market for Joe in a huge conspiracy.

I bet these guys don't own stock in a rigged market, but will go to the polls to vote in a rigged election.

 

[MitchLL]

I have to make a confession that's painful to admit to...in my 30s/40s/early50s, I always put $$$ into a standard IRA/retirement account because we wanted the tax break immediately and figured taxes would be lower in retirement with having less income.
By the time I hit 55 or so, I knew we had made a mistake and immediately started maxing out Roth contributions by transferring from the traditional acct.

Hindsight is 20/20.
But I'm fortunate that my income hasn't dipped in retirement.

 

[RileyHawk]

I have to make a confession that's painful to admit to...in my 30s/40s/early50s, I always put $$$ into a standard IRA/retirement account because we wanted the tax break immediately and figured taxes would be lower in retirement with having less income.
By the time I hit 55 or so, I knew we had made a mistake and immediately started maxing out Roth contributions by transferring from the traditional acct.

Hindsight is 20/20.
But I'm fortunate that my income hasn't dipped in retirement.

That depends entirely on what your income tax rates were when you were saving vs. when you will be withdrawing.

 

[Kelsers]

A

That depends entirely on what your income tax rates were when you were saving vs. when you will be withdrawing.

And the gain on the investments?

 

[globalhawk]

This could happen if you are in primarily small caps.

detailed quote	options chain	add to favorites	list favorites	chart help
Last: 1,944.3914	Change: +20.738	Open: 1,934.0936	High: 1,944.394	Low: 1,914.4655	Volume: 2,348,629
Percent Change: +1.08%	Yield: n/a	P/E Ratio: n/a	52 Week Range: 1,633.668 to 2,071.782

email this chart printer-friendly format

Why would she be in primarily small caps?

 

[RileyHawk]

A

And the gain on the investments?

Everything in a traditional IRA is taxable as ordinary income at the time you withdraw it because it has not been taxed yet. If you're in a higher tax bracket while working that you will be when retired it makes sense to use a traditional IRA. Supplementing that with a ROTH IRA provides flexibility to manage your income in retirement. Likewise with an HSA for medical expenses.

 

[HawkeyeHitman]

It’s like you’re looking at my portfolio. The last three months especially have been gangbusters. Long live Bidenomics.

I take it you’ve been getting a record amount of food stamps the last three months.

 

[An Iowa fan]

Why would she be in primarily small caps?

I was just pointing out a reason. Small caps ($RUT) has been lagging.

 

[abby97]

I think in the grand scheme of things POTUS doesn't have much day to day impact. That goes for the markets, or the price of gasoline and eggs. I do worry about having a raging narcissist tweeting out crazy s**t about torching North Korea again, ignoring a pandemic, making major decisions to stay out of jail and to punish his real and perceived enemies, and threatening social disorder. Social disorder is bad for my portfolio.

Some of what you say is true and some is complete nonsense. When the POTUS proclaims he will end fossil fuel production, that hurts the energy market and raises prices. When he spends like a drunken sailor, that raises interest rates and causes real estate to slow, stock prices to suffer for all companies that borrow to innovate or/and run their businesses. Interest rates also hurt car sales and most big ticket purchases.

Oh and to claim the stock market is on fire is silly. The S&P closed at 4,927 which is a record high, but only about 4% higher that it was in January of 2022. It fell to around 3,580.00 before taking 2 years to slowly regain the losses.