In 2 years time I can no longer afford to buy a camper

[restlessways]

I went from having enough cash to buy a brand new camper 2 years ago to being almost $20,000 short. I still have the cash, but the camper prices ran away. I guess I don't get to play anymore. Everybody got rich but me.

[3_tons]

time2roll wrote:

3 tons wrote:
Seems that so long as it’s the other poor fella who’s ox is getting gored, what’s not to celebrate??

3 tons

Nothing wrong with helping the poor fella in preventing the loss of the OX.

Agreed, 🙂 at least that’s a more productive possibility…

3 tons

[time2roll]

3 tons wrote:
Seems that so long as it’s the other poor fella who’s ox is getting gored, what’s not to celebrate??

3 tons

Nothing wrong with helping the poor fella in preventing the loss of the OX.

[3_tons]

Seems that so long as it’s the other poor fella who’s ox is getting gored, what’s not to celebrate??

3 tons

[udidwht]

Geo*Boy wrote:

udidwht wrote:

time2roll wrote:

restlessways wrote:
I certainly don't see a recession happening this year, either. That being said, I'm not getting a 2nd job so I'm not sure if you're talking to me or who that advice is for. I work enough as it is.

Not singling anyone out. Same with this: If all the savings is in a bank savings or CD there is tremendous risk of loss due to inflation continuing. Some should be in the equity market.

No need to worry when the BIG drop comes. Not a question of if only when. We're closer than ever now.

I know people that run around and talk about the sky is falling, the sky is falling, and they don’t have any money and will never have any money because of their mindset.

That is like saying we'll never have another recession and/or depression. Don't be that guy.

[3_tons]

“With unfunded obligations comes uncollected future revenue.”

LOL, Why even wait for the future when the IRS has long promoted taxpayer’s sending in contributions extra and above their own tax obligations??

3 tons

[time2roll]

3 tons wrote:
Recall the newsworthy chants of “You Didn’t Earn That” and more recently “You’ll own no property and you’ll be happy”, and with $30 T in debt and assuredly more on the way (and a whopping $200T in unfunded obligations), it’s starting to look more and more like maybe “something Wicked this way comes” - lol

3 tons, firmly hunkered down in Realville

With unfunded obligations comes uncollected future revenue.

Unfortunately much of the collection could be done with inflation instead of direct tax payments. Tax cuts were the wrong direction to go until actual spending cuts are made. Either way presents a difficulty.

[3_tons]

notsobigjoe wrote:

Geo*Boy wrote:

udidwht wrote:

time2roll wrote:

restlessways wrote:
I certainly don't see a recession happening this year, either. That being said, I'm not getting a 2nd job so I'm not sure if you're talking to me or who that advice is for. I work enough as it is.

Not singling anyone out. Same with this: If all the savings is in a bank savings or CD there is tremendous risk of loss due to inflation continuing. Some should be in the equity market.

No need to worry when the BIG drop comes. Not a question of if only when. We're closer than ever now.

I know people that run around and talk about the sky is falling, the sky is falling, and they don’t have any money and will never have any money because of their mindset.

Bingo, Geo!

Recall the newsworthy chants of “You Didn’t Earn That” and more recently “You’ll own no property and you’ll be happy”, and with $30 T in debt and assuredly more on the way (and a whopping $200T in unfunded obligations), it’s starting to look more and more like maybe “something Wicked this way comes” - lol

3 tons, firmly hunkered down in Realville

[notsobigjoe]

Geo*Boy wrote:

udidwht wrote:

time2roll wrote:

restlessways wrote:
I certainly don't see a recession happening this year, either. That being said, I'm not getting a 2nd job so I'm not sure if you're talking to me or who that advice is for. I work enough as it is.

Not singling anyone out. Same with this: If all the savings is in a bank savings or CD there is tremendous risk of loss due to inflation continuing. Some should be in the equity market.

No need to worry when the BIG drop comes. Not a question of if only when. We're closer than ever now.

I know people that run around and talk about the sky is falling, the sky is falling, and they don’t have any money and will never have any money because of their mindset.

Bingo, Geo!

[Geo_Boy]

udidwht wrote:

time2roll wrote:

restlessways wrote:
I certainly don't see a recession happening this year, either. That being said, I'm not getting a 2nd job so I'm not sure if you're talking to me or who that advice is for. I work enough as it is.

Not singling anyone out. Same with this: If all the savings is in a bank savings or CD there is tremendous risk of loss due to inflation continuing. Some should be in the equity market.

No need to worry when the BIG drop comes. Not a question of if only when. We're closer than ever now.

I know people that run around and talk about the sky is falling, the sky is falling, and they don’t have any money and will never have any money because of their mindset.

[Wade44]

time2roll wrote:

udidwht wrote:
No need to worry when the BIG drop comes. Not a question of if only when. We're closer than ever now.

In two years time (as the OP inquired about) the SP500 has risen about 57%

That would have taken the OP or anyone else from $50,000 to have $78,500 today.

Interestingly the RV that you would have been out the door for $50K in real numbers two years ago would cost you in the neighborhood of $78.5K today.

[udidwht]

time2roll wrote:

udidwht wrote:
No need to worry when the BIG drop comes. Not a question of if only when. We're closer than ever now.

In two years time (as the OP inquired about) the SP500 has risen about 57%

That would have taken the OP or anyone else from $50,000 to have $78,500 today.

Still not much to retire on.

[time2roll]

udidwht wrote:
No need to worry when the BIG drop comes. Not a question of if only when. We're closer than ever now.

In two years time (as the OP inquired about) the SP500 has risen about 57%

That would have taken the OP or anyone else from $50,000 to have $78,500 today.

[udidwht]

time2roll wrote:

restlessways wrote:
I certainly don't see a recession happening this year, either. That being said, I'm not getting a 2nd job so I'm not sure if you're talking to me or who that advice is for. I work enough as it is.

Not singling anyone out. Same with this: If all the savings is in a bank savings or CD there is tremendous risk of loss due to inflation continuing. Some should be in the equity market.

No need to worry when the BIG drop comes. Not a question of if only when. We're closer than ever now.

[time2roll]

restlessways wrote:
I certainly don't see a recession happening this year, either. That being said, I'm not getting a 2nd job so I'm not sure if you're talking to me or who that advice is for. I work enough as it is.

Not singling anyone out. Same with this: If all the savings is in a bank savings or CD there is tremendous risk of loss due to inflation continuing. Some should be in the equity market.