1. Welcome to Tacoma World!

    You are currently viewing as a guest! To get full-access, you need to register for a FREE account.

    As a registered member, you’ll be able to:
    • Participate in all Tacoma discussion topics
    • Communicate privately with other Tacoma owners from around the world
    • Post your own photos in our Members Gallery
    • Access all special features of the site

How Bout' That Dow? Below 8k!

Discussion in 'Off-Topic Discussion' started by bobwilson1977, Jan 20, 2009.

  1. Jan 20, 2009 at 12:57 PM
    #1
    bobwilson1977

    bobwilson1977 [OP] Well-Known Member

    Joined:
    Jan 7, 2009
    Member:
    #12328
    Messages:
    1,368
    Gender:
    Male
    KaliFORN-I-A
    Vehicle:
    96 Tacoma 2WD ( pizza delivery model)
    none except for crappy hub caps and floor mats.
    Holy crap. How low can it go?
     
  2. Jan 20, 2009 at 12:57 PM
    #2
    mws4ua

    mws4ua I'll try being nicer if you try being smarter.

    Joined:
    May 14, 2008
    Member:
    #6624
    Messages:
    7,081
    Gender:
    Male
    First Name:
    Matt
    Birmingham
    Vehicle:
    Sold my truck Jan '13... Still hang around.
    You'd think the new administration would bring a bump? I thought so, at least...
     
  3. Jan 20, 2009 at 1:00 PM
    #3
    bobwilson1977

    bobwilson1977 [OP] Well-Known Member

    Joined:
    Jan 7, 2009
    Member:
    #12328
    Messages:
    1,368
    Gender:
    Male
    KaliFORN-I-A
    Vehicle:
    96 Tacoma 2WD ( pizza delivery model)
    none except for crappy hub caps and floor mats.
    Well, historically markets get "spooked" when a new President takes office. But below 8k is insane. That's around 50% off what it was a year or so ago. I'm sort of glad that I'm old-fashioned ans save mostly cash. I know others who have lost 40%+ of their retirement.
     
  4. Jan 20, 2009 at 1:07 PM
    #4
    NAAC3TACO

    NAAC3TACO Just east of crazy

    Joined:
    Aug 5, 2008
    Member:
    #8350
    Messages:
    4,270
    Gender:
    Male
    Sparks, NV
    Vehicle:
    2014 SR5 DCLB 4x4
    Color matched door handles, Weathertech floor liners, bed mat, Durafit seat covers, tailgate clamp, 2016 TRD Sport 17" wheels with Toyo A30 tires, Toyota exhaust tip, Toyota/Yakima bike rail mount, Toyota wheel locks, Toyota hitch cover.
    The new President plans on taxing corporate profits back to the levels of the Clinton years. Whether you agree with that or not, one thing is for sure, Wall Street does not.
     
  5. Jan 20, 2009 at 1:11 PM
    #5
    dually

    dually Low and slow

    Joined:
    Jul 29, 2008
    Member:
    #8205
    Messages:
    3,113
    Gender:
    Male
    Interstate underpass
    Vehicle:
    05 Indigo 4wd Longbed
    Not as many as the 98..
    yay moar shitty economy!....
     
  6. Jan 20, 2009 at 1:15 PM
    #6
    mws4ua

    mws4ua I'll try being nicer if you try being smarter.

    Joined:
    May 14, 2008
    Member:
    #6624
    Messages:
    7,081
    Gender:
    Male
    First Name:
    Matt
    Birmingham
    Vehicle:
    Sold my truck Jan '13... Still hang around.
    If you've been holding on to cash you're doing much better than the market over the last year.... but if you don't put money into the market while it's down like this you're going to miss out on one hell of a comeback. It might take a year, might take 10, but I'm willing to bet (and am betting with my own money) that in 10 years you'll be much better off having put money into the market now as opposed to hoarding cash.
     
  7. Jan 20, 2009 at 1:37 PM
    #7
    bobwilson1977

    bobwilson1977 [OP] Well-Known Member

    Joined:
    Jan 7, 2009
    Member:
    #12328
    Messages:
    1,368
    Gender:
    Male
    KaliFORN-I-A
    Vehicle:
    96 Tacoma 2WD ( pizza delivery model)
    none except for crappy hub caps and floor mats.
    Agreed, and I do have some investment in mutual funds and my 401k. But my Wife and I have been saving for years so that we can buy a house for cash once the housing market bottoms out. That way we'll have no debt and then put whatever is leftover into the market. But as of now, I see little reason to put loads of money into stocks. I'm a pretty old-school guy when it comes to financial stuff.
     
  8. Jan 20, 2009 at 2:25 PM
    #8
    mws4ua

    mws4ua I'll try being nicer if you try being smarter.

    Joined:
    May 14, 2008
    Member:
    #6624
    Messages:
    7,081
    Gender:
    Male
    First Name:
    Matt
    Birmingham
    Vehicle:
    Sold my truck Jan '13... Still hang around.
    Good luck to you w/ the house. That's a great idea. It'd be wonderful not to have a house payment. For now I have to settle for looking forward to lowering my payment next month by re-financing to 4.375%.
     
  9. Jan 20, 2009 at 2:38 PM
    #9
    bobwilson1977

    bobwilson1977 [OP] Well-Known Member

    Joined:
    Jan 7, 2009
    Member:
    #12328
    Messages:
    1,368
    Gender:
    Male
    KaliFORN-I-A
    Vehicle:
    96 Tacoma 2WD ( pizza delivery model)
    none except for crappy hub caps and floor mats.
    At least you're in Alabama where it ain't so expensive. Out here in Cali, houses cost a fortune. We were priced out during the boom. 600k for a starter home! I'm from TN originally, so prices like these are insane. If my parents sold everything they owned, they'd have maybe enough to put a down payment on something out here.
     
  10. Jan 20, 2009 at 3:23 PM
    #10
    WilsonTheDog

    WilsonTheDog Kylie's dad

    Joined:
    Nov 17, 2007
    Member:
    #3496
    Messages:
    4,837
    Gender:
    Male
    First Name:
    Eric
    Myrtle Beach SC
    Vehicle:
    07 Prerunner SR5 DC/SB V6
    Magnaflow 12576 muffler & chrome tip, Westin step bars, 27% tint, Pop N Lock, AFE ProdryS, bed mat, Husky liners, D-rings added, Access Literider tonneau, Pioneer 4-ways all around, GY Wrangler Duratracs 265/75/16, 5100's @ 1.75", 1.5" AAL
    Why? Maxists are counter to a free market philosophy.
     
  11. Jan 20, 2009 at 3:23 PM
    #11
    WilsonTheDog

    WilsonTheDog Kylie's dad

    Joined:
    Nov 17, 2007
    Member:
    #3496
    Messages:
    4,837
    Gender:
    Male
    First Name:
    Eric
    Myrtle Beach SC
    Vehicle:
    07 Prerunner SR5 DC/SB V6
    Magnaflow 12576 muffler & chrome tip, Westin step bars, 27% tint, Pop N Lock, AFE ProdryS, bed mat, Husky liners, D-rings added, Access Literider tonneau, Pioneer 4-ways all around, GY Wrangler Duratracs 265/75/16, 5100's @ 1.75", 1.5" AAL
    Yes sir, you are correct. No question about it.
     
  12. Jan 21, 2009 at 6:47 AM
    #12
    mws4ua

    mws4ua I'll try being nicer if you try being smarter.

    Joined:
    May 14, 2008
    Member:
    #6624
    Messages:
    7,081
    Gender:
    Male
    First Name:
    Matt
    Birmingham
    Vehicle:
    Sold my truck Jan '13... Still hang around.
    I just thought I remembered new administrations (regardless of their political leanings) brought a little positive market movement.

    I agree, though... logically, an administration that wants to increase taxes on both businesses and capital gains shouldn't give the market any reason at all to move up.
     
To Top