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(USA Today)   S&P 500 and Dow Jones both break records. I can't wait to get my bigger paycheck thanks to all these profits   (usatoday.com ) divider line
    More: Stupid, Dow Jones, Nikkei, paychecks, DAX, current accounts, Hang Seng  
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419 clicks; posted to Business » on 13 May 2014 at 2:03 PM (2 years ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2014-05-13 11:12:03 AM  
Yeah, but just think of all those 401k's going up that y'all are sucking corporate koch for!
 
2014-05-13 11:17:22 AM  
so... you're saying that it doesn't trickle down???
 
2014-05-13 11:17:53 AM  
Obligatory:

27.media.tumblr.com
 
2014-05-13 11:18:53 AM  
If you have any investments, perhaps a 401k, then yes.  It did affect you.
 
2014-05-13 11:46:40 AM  

lindseyp: If you have any investments, perhaps a 401k, then yes.  It did affect you.


A couple years later:

www.silverdoctors.com
 
2014-05-13 12:41:05 PM  

Nogrhi: Obligatory:

[27.media.tumblr.com image 500x378]


I always seem mesmerized by Bush in this picture. He's either not sure what the joke is (in some weird Mitt Romney trying to understand humor sort of way) or this is like the last gasp of his soul trying to call out and maybe make him realize that he's hanging around a bunch of grade-A assholes
 
2014-05-13 01:14:32 PM  
Reagan's sound financial policies finally bearing fruit. It would have been much sooner, but you farking libs kept slowing the process down.
 
wee
2014-05-13 01:19:43 PM  

Gecko Gingrich: Reagan's sound financial policies


Keep farking that chicken, it never really gets old.
 
2014-05-13 01:41:26 PM  

wee: Gecko Gingrich: Reagan's sound financial policies

Keep farking that chicken, it never really gets old.


Wait, that wasn't sarcasm?
 
2014-05-13 01:42:17 PM  

Gecko Gingrich: Reagan's sound financial policies finally bearing fruit. It would have been much sooner, but you farking libs kept slowing the process down.


wee: Gecko Gingrich: Reagan's sound financial policies

Keep farking that chicken, it never really gets old.


pretty CERTAIN that he was being sarcastic, while at the same time digging the GOP who used that phrase over and over to explain the Clinton years.

See, the president has nothing to do with jobs or the economy, just the GOP.

Good things happen? It was the GOP: house, senate or white house leadership!!
Bad things happen? It was the DEMs: blocking the GOP

/fark the GOP
 
2014-05-13 02:08:28 PM  
Thank Goodness for turbo printing and inflation?
 
2014-05-13 02:09:19 PM  

Calmamity: wee: Gecko Gingrich: Reagan's sound financial policies

Keep farking that chicken, it never really gets old.

Wait, that wasn't sarcasm?


Wait, wee wasn't being sarcastic?
 
2014-05-13 02:10:12 PM  

StrikitRich: Thank Goodness for turbo printing and inflation?


lolwut?
what inflation?
 
2014-05-13 02:13:05 PM  
It isn't money that "trickles down" to you subby.  What lands on you may be golden in color, but you can't spend it.
 
2014-05-13 02:19:02 PM  
31.media.tumblr.com
 
2014-05-13 02:26:26 PM  
 
2014-05-13 02:36:39 PM  

Bob Robert: StrikitRich: Thank Goodness for turbo printing and inflation?

I just won spot the dumb libertarian!! YAY!

Tell me what inflation has been like the past few years when the government has been "turbo printing money"


Worldly scholars on the internet have clearly shown that there has been massive hyperinflation ongoing ever since January 2009. The market will collapse any day now.  Haven't you seen those "BILLIONAIRES DUMPING STOCKS" ads for the past 5 years?
 
2014-05-13 02:45:20 PM  

Rapmaster2000: Bob Robert: StrikitRich: Thank Goodness for turbo printing and inflation?

I just won spot the dumb libertarian!! YAY!

Tell me what inflation has been like the past few years when the government has been "turbo printing money"

Worldly scholars on the internet have clearly shown that there has been massive hyperinflation ongoing ever since January 2009. The market will collapse any day now.  Haven't you seen those "BILLIONAIRES DUMPING STOCKS" ads for the past 5 years?


Why would you dump stocks if you expect inflation?

Bonds, sure. But companies can raise prices therefore income should rise along with inflation, as would the stock price.
 
2014-05-13 02:51:03 PM  
My paycheck isn't any bigger, but my investment portfolio is.  And I'm pretty comfortably ensconced in the 99%, nowhere near the 1%.
 
2014-05-13 02:56:33 PM  

12349876: [www.pewresearch.org image 319x400]


Am I reading that right? Americans think the federal budget deficit has more of an impact on their household finances than having a job?

Pete Peterson is probably rubbing one out to that chart as we speak.
 
2014-05-13 03:13:26 PM  

Wendy's Chili: 12349876: [www.pewresearch.org image 319x400]

Am I reading that right? Americans think the federal budget deficit has more of an impact on their household finances than having a job?

Pete Peterson is probably rubbing one out to that chart as we speak.


They also think gas prices have the biggest effect. A two-car family with moderate commutes probably drives 24,000 miles a year. That's 8-900 gallons of gas if they have average cars. Even a one dollar change in gas prices ($8-900) should not be the single biggest issue with the household budget.
 
2014-05-13 03:14:53 PM  

Wendy's Chili: 12349876: [www.pewresearch.org image 319x400]

Am I reading that right? Americans think the federal budget deficit has more of an impact on their household finances than having a job?

Pete Peterson is probably rubbing one out to that chart as we speak.


There's also the simplistic argument that the national debt is $200,000 per family of four, therefore it's the same as having a $200,000 mortgage so it's a big burden on our household... and a lot of people seem to believe that is how it works.
 
2014-05-13 03:25:15 PM  
i.imgur.com

Unstated is the fact that the recent crop of IPOs in tech have been savaged this quarter; the major indexes haven't turned over in large part because the hot money's been shuffled into larger-cap names.

This just in: when interest rates can no longer be assumed to be zero for the forseeable future - she's dovish, but she's not that dovish - a little thing like the cost of capital starts becoming important, particularly when valuing companies that have yet to record, you know, any actual earnings.
 
2014-05-13 03:34:08 PM  

dukeblue219: Wendy's Chili: 12349876: [www.pewresearch.org image 319x400]

Am I reading that right? Americans think the federal budget deficit has more of an impact on their household finances than having a job?

Pete Peterson is probably rubbing one out to that chart as we speak.

There's also the simplistic argument that the national debt is $200,000 per family of four, therefore it's the same as having a $200,000 mortgage so it's a big burden on our household... and a lot of people seem to believe that is how it works.


What is the counter argument to that?

"Don't worry, the rich pay all the taxes anyway so they'll be paying for it like they do everything else", or "don't worry about it as long as we and our kids and our grand kids pay the interest forever we never have to pay back the principal"
 
2014-05-13 03:35:16 PM  

dukeblue219: Wendy's Chili: 12349876: [www.pewresearch.org image 319x400]

Am I reading that right? Americans think the federal budget deficit has more of an impact on their household finances than having a job?

Pete Peterson is probably rubbing one out to that chart as we speak.

They also think gas prices have the biggest effect. A two-car family with moderate commutes probably drives 24,000 miles a year. That's 8-900 gallons of gas if they have average cars. Even a one dollar change in gas prices ($8-900) should not be the single biggest issue with the household budget.


Yeah this. Not buying that graph.
 
2014-05-13 03:45:03 PM  

Debeo Summa Credo: dukeblue219: Wendy's Chili: 12349876: [www.pewresearch.org image 319x400]

Am I reading that right? Americans think the federal budget deficit has more of an impact on their household finances than having a job?

Pete Peterson is probably rubbing one out to that chart as we speak.

They also think gas prices have the biggest effect. A two-car family with moderate commutes probably drives 24,000 miles a year. That's 8-900 gallons of gas if they have average cars. Even a one dollar change in gas prices ($8-900) should not be the single biggest issue with the household budget.

Yeah this. Not buying that graph.


Just because people  think it affects them a lot doesn't mean it does. If you drive a lot, you might pay for gas two or three times a week, but you pay the rent only once a month. You might have the former on your mind as you go grocery shopping, even though the latter probably has a bigger effect. It's "penny wise, pound foolish" in chart form.
 
2014-05-13 04:02:02 PM  

Arkanaut: Debeo Summa Credo: dukeblue219: Wendy's Chili: 12349876: [www.pewresearch.org image 319x400]

Am I reading that right? Americans think the federal budget deficit has more of an impact on their household finances than having a job?

Pete Peterson is probably rubbing one out to that chart as we speak.

They also think gas prices have the biggest effect. A two-car family with moderate commutes probably drives 24,000 miles a year. That's 8-900 gallons of gas if they have average cars. Even a one dollar change in gas prices ($8-900) should not be the single biggest issue with the household budget.

Yeah this. Not buying that graph.

Just because people  think it affects them a lot doesn't mean it does. If you drive a lot, you might pay for gas two or three times a week, but you pay the rent only once a month. You might have the former on your mind as you go grocery shopping, even though the latter probably has a bigger effect. It's "penny wise, pound foolish" in chart form.


Yeah, no argument from me.

although the "job situation"'s relatively low concern would indicate a problem with the way the question was asked or the way the results were presented.

As someone upthread suggested to most people whether you are employed or not is more important than any of the other things. So maybe they meant the general employment situation rather than your personal status.
 
2014-05-13 04:02:43 PM  

namatad: Gecko Gingrich: Reagan's sound financial policies finally bearing fruit. It would have been much sooner, but you farking libs kept slowing the process down.

wee: Gecko Gingrich: Reagan's sound financial policies

Keep farking that chicken, it never really gets old.

pretty CERTAIN that he was being sarcastic, while at the same time digging the GOP who used that phrase over and over to explain the Clinton years.

See, the president has nothing to do with jobs or the economy, just the GOP.

Good things happen? It was the GOP: house, senate or white house leadership!!
Bad things happen? It was the DEMs: blocking the GOP

/fark the GOP


That.
 
2014-05-13 04:51:22 PM  

lindseyp: If you have any investments, perhaps a 401k, then yes.  It did affect you.


Personal Rate of Return from  01/01/2014 to  05/12/2014 is  2.1%


Not impressed.
 
2014-05-13 04:56:59 PM  

jst3p: lindseyp: If you have any investments, perhaps a 401k, then yes.  It did affect you.

Personal Rate of Return from  01/01/2014 to  05/12/2014 is  2.1%


Not impressed.


Maybe you should look for better funds. S&P500 is up 16% YTD.
 
2014-05-13 04:58:38 PM  
I just heard a great stock tip today from the doorman.
 
2014-05-13 05:00:21 PM  

max_pooper: jst3p: lindseyp: If you have any investments, perhaps a 401k, then yes.  It did affect you.

Personal Rate of Return from  01/01/2014 to  05/12/2014 is  2.1%


Not impressed.

Maybe you should look for better funds. S&P500 is up 16% YTD.


Yeah, I am kinda confused, it is an index fund...
 
2014-05-13 05:07:24 PM  

jst3p: max_pooper: jst3p: lindseyp: If you have any investments, perhaps a 401k, then yes.  It did affect you.

Personal Rate of Return from  01/01/2014 to  05/12/2014 is  2.1%


Not impressed.

Maybe you should look for better funds. S&P500 is up 16% YTD.

Yeah, I am kinda confused, it is an index fund...


Maybe they are charging 14% for fees?
 
2014-05-13 05:11:39 PM  

Brontes: jst3p: max_pooper: jst3p: lindseyp: If you have any investments, perhaps a 401k, then yes.  It did affect you.

Personal Rate of Return from  01/01/2014 to  05/12/2014 is  2.1%


Not impressed.

Maybe you should look for better funds. S&P500 is up 16% YTD.

Yeah, I am kinda confused, it is an index fund...

Maybe they are charging 14% for fees?


No:

Expenses & Fees

Exp Ratio (Gross)Glossary definition opens in new window.
0.05%
($0.50 per $1000)
4/29/2014
Exp Ratio (Net)Glossary definition opens in new window.
0.04%
($0.40 per $1000)
4/29/2014
Exp Cap (Dated) 1
0.04%
($0.40 per $1000)
2/1/2012
Distribution and/or service fee(12b-1) Fees
0.00%
Management Fee
0.03%


But I think I found the problem:

Strategy
Normally investing at least 80% of assets in common stocks included in the S&P 500 Index, which broadly represents the performance of common stocks publicly traded in the United States.



Time to make some changes.
 
2014-05-13 05:24:08 PM  
Until those gains are cash in your pocket, they are just some pretty numbers.

I doubt any common proles will see much actual benefit. The minute the market tanks again its their gains that will be the first to go.
 
2014-05-13 05:43:12 PM  

jst3p: Brontes: jst3p: max_pooper: jst3p: lindseyp: If you have any investments, perhaps a 401k, then yes.  It did affect you.

Personal Rate of Return from  01/01/2014 to  05/12/2014 is  2.1%


Not impressed.

Maybe you should look for better funds. S&P500 is up 16% YTD.

Yeah, I am kinda confused, it is an index fund...

Maybe they are charging 14% for fees?

No:

Expenses & Fees

Exp Ratio (Gross)Glossary definition opens in new window.
0.05%
($0.50 per $1000)
4/29/2014
Exp Ratio (Net)Glossary definition opens in new window.
0.04%
($0.40 per $1000)
4/29/2014
Exp Cap (Dated) 1
0.04%
($0.40 per $1000)
2/1/2012
Distribution and/or service fee(12b-1) Fees
0.00%
Management Fee
0.03%


But I think I found the problem:

Strategy
Normally investing at least 80% of assets in common stocks included in the S&P 500 Index, which broadly represents the performance of common stocks publicly traded in the United States.


Time to make some changes.


Maybe invest in a new sarcasm meter as well.
 
2014-05-13 05:44:34 PM  

Brontes: Maybe invest in a new sarcasm meter as well.


Do you have a prospectus for one?
 
2014-05-13 05:54:39 PM  
HR has hand selected 15 of the finest sarcasm funds with you in mind.  If you are close to retirement, perhaps keep some sarcasm in liquid assets so you can draw from it day to day while looking at Fark.  If you still have 20 years, an international sarcasm or small cap sarcasm fund might be what you need.
 
2014-05-13 06:25:40 PM  

max_pooper: jst3p: lindseyp: If you have any investments, perhaps a 401k, then yes.  It did affect you.

Personal Rate of Return from  01/01/2014 to  05/12/2014 is  2.1%


Not impressed.

Maybe you should look for better funds. S&P500 is up 16% YTD.


Read your S&P500 data a little more closely.  It's only up 2.66% in 2014.  Trailing Twelve months is 16%
 
2014-05-13 06:53:11 PM  
Bob Robert:  ...dumb libertarian...

That's redundant.
 
2014-05-13 08:13:05 PM  

max_pooper: jst3p: lindseyp: If you have any investments, perhaps a 401k, then yes.  It did affect you.

Personal Rate of Return from  01/01/2014 to  05/12/2014 is  2.1%


Not impressed.

Maybe you should look for better funds. S&P500 is up 16% YTD.


http://quicktake.morningstar.com/index/IndexCharts.aspx?Symbol=SPX

could you show me where the S&P 500 is up 16% YTD?
Either:
a) YTD doesn't mean what you think it does,
b) you're a troll
c) why not both
 
2014-05-13 09:29:45 PM  

12349876: lindseyp: If you have any investments, perhaps a 401k, then yes.  It did affect you.

[www.pewresearch.org image 302x676]
[www.pewresearch.org image 319x400]
http://www.pewresearch.org/fact-tank/2013/05/31/stocks-and-the-recov er y-majority-of-americans-not-invested-in-the-market/


img.fark.net

That list doesn't include millions of workers, especially lower paid workers, who have pensions through their union, for example. The union pension is made up of stocks. So they don't own stock directly but they very much have a stake and the performance of the stock market will affect them.
 
2014-05-13 10:27:01 PM  

Flint Ironstag: That list doesn't include millions of workers, especially lower paid workers, who have pensions through their union, for example. The union pension is made up of stocks. So they don't own stock directly but they very much have a stake and the performance of the stock market will affect them.


ONLY if the market happens to be there when they cash out. They could be millionaires today and paupers tomorrow.
 
2014-05-13 11:00:12 PM  

namatad: could you show me where the S&P 500 is up 16% YTD?


Here

16.14%
 
2014-05-13 11:01:52 PM  

HeadLever: namatad: could you show me where the S&P 500 is up 16% YTD?

Here

16.14%


Year to date: +2.66%
One year change: +16.14%
 
2014-05-13 11:03:08 PM  

Flint Ironstag: The union pension is made up of stocks.


Correct.  Having a union or company pension removes the perception that Wall Street really impacts them.  Many folks would rather not think about it much and let someone else handle their retirement finances.  To each their own, however; the stock market will still have a major influence on their future.
 
2014-05-13 11:05:22 PM  

Debeo Summa Credo: Year to date: +2.66%
One year change: +16.14%


Ah, damnit, yep.  You are correct.  Mistake of YTD with TTM.
 
kab
2014-05-13 11:06:21 PM  

Prophet of Loss: Until those gains are cash in your pocket, they are just some pretty numbers.

I doubt any common proles will see much actual benefit. The minute the market tanks again its their gains that will be the first to go.


www.reactimg.com
 
2014-05-13 11:26:26 PM  

HeadLever: namatad: could you show me where the S&P 500 is up 16% YTD?

Here

16.14%


are YOU REALLY THAT STUPID?
please, go back and look at what you posted
seriously, if you dont understand the difference, well, I have 2 bridges and some PRIME swamp land for sale.
you could build a castle

img.fark.net
 
2014-05-14 01:16:33 AM  

Flint Ironstag: That list doesn't include millions of workers, especially lower paid workers, who have pensions through their union, for example.


upload.wikimedia.org
 
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