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slackmaster

(60,567 posts)

19. There are many millions of people who are invested in the stock market who are chronically...

Tue Mar 12, 2013, 10:55 AM

Mar 2013

...sub-rich. Because of low interest rates, there really isn't any other practical place for middle-class people to invest retirement funds.

It's good to put money into your home, but you can never realize a profit until you sell or get into a reverse mortgage, and that may be going away.

Bank accounts pay diddly, bonds pay squat, precious metals just sit there and generally act as hedges against inflation but never pay dividends.

My Velvet Elvis Painting collection is mainly a hobby. It's always at risk from fire and theft.

From my personal POV it's nice to see stock prices get back on track after being suppressed for several years. My IRAs are worth more than ever right now. I did some re-balancing during the two big recession dips but didn't cash out anything except some silver I had lying around for more than 20 years.

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Stocks creep up; Dow rises for seventh day running [View all] Omaha Steve Mar 2013 OP

Everybody save for a few perpetual whiners, thinks this is a great thing! graham4anything Mar 2013 #1

It could be a great thing if progressoid Mar 2013 #2

whining about whiners olddots Mar 2013 #5

It ain't trickling down olddots Mar 2013 #3

I feel the same. lexw Mar 2013 #7

There is no way for a rise in stock prices to trickle down, unless you have money invested in stocks slackmaster Mar 2013 #10

Well... people whose portfolios have risen are more likely to extend their homes, Nye Bevan Mar 2013 #12

I'm investing all of my capital gains in classic velvet paintings of Elvis Presley slackmaster Mar 2013 #14

Not a good sign to me, but a positive thing in that Populist_Prole Mar 2013 #4

All that freshly printed money has to go somewhere... lib2DaBone Mar 2013 #6

The "freshly printed" money quaker bill Mar 2013 #8

You're just the kind they're counting on. Psephos Mar 2013 #16

Money has not been backed with real anything for a very long time quaker bill Mar 2013 #17

The value of fiat currency is proportional to the solvency of its issuer. Psephos Mar 2013 #27

A reference to zerohedge tells me all I need to know quaker bill Mar 2013 #28

selection bias in action Psephos Mar 2013 #29

Irrational exuberance magic59 Mar 2013 #9

Shit floats. n/t DeSwiss Mar 2013 #11

I used to love seeing the stock market go up... lexw Mar 2013 #13

Whoopie! ReRe Mar 2013 #15

There are many millions of people who are invested in the stock market who are chronically... slackmaster Mar 2013 #19

"Millions" of sub-rich... ReRe Mar 2013 #20

I don't understand the basis of your snarky reply slackmaster Mar 2013 #21

I'm sorry... ReRe Mar 2013 #22

The term chronically sub-rich is a literary reference. The expression was used by the Firesign... slackmaster Mar 2013 #23

I'm so so glad you didn't blow me off... ReRe Mar 2013 #24

If you don't have a receiver with a Phono input, you'll also need a phono pre-amp. slackmaster Mar 2013 #25

The dow creeps up davidpdx Mar 2013 #18

Didn't this "W/S Surge" happen right fredamae Mar 2013 #26