The Money Mustache Community
Learning, Sharing, and Teaching => Investor Alley => Topic started by: FrugalSaver on July 02, 2017, 07:19:03 PM
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Certainly one head wind is Congress has done nothing on alleviating tax pain and the government continues to collect record revenues. There has been some relief for small businesses. If Congress ends the summer with no plan or likelihood of relief for the common man, maybe his conjecture will be correct.
He made the same prediction last summer too and we're up 25% so not someone I'd necessarily pay much attention to.
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No one can say when the next drop will be but when it does drop it will be easy to see. A part of me just wants to stop putting money in the market and wait for a significant drop, then spend away. Another part of me thinks this could take a year or more.
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Isn't he one of those guys who sells gold coins (marked up 20% over the metal's value) to preppers and apocalyptic types on AM talk radio? Maybe I'm thinking someone else.
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I just can't afford the losses that a right-wing ideologically driven portfolio would create.
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Certainly one head wind is Congress has done nothing on alleviating tax pain and the government continues to collect record revenues. There has been some relief for small businesses. If Congress ends the summer with no plan or likelihood of relief for the common man, maybe his conjecture will be correct.
He made the same prediction last summer too and we're up 25% so not someone I'd necessarily pay much attention to.
If you account for both inflation and population increase, it stands to reason that every year should yield record revenue collection. And with those record revenues will come record setting spending as well. A decrease in revenue collection is actually a bad thing, since that's usually economically driven.
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Who's ron paul? I guess Im not worried
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Ron Paul is a batshit insane libertarian former congressman (and perennial also-ran presidential candidate) from Texas. He's the father of the batshit insane libertarian current senator (and perennial also-ran presidential candidate) from Kentucky, Rand Paul. Anyone who would name his kid after Ayn Rand has to be batshit insane. No way would I pay the least bit of attention to his predictions.
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Ron Paul was the cool old guy that all the angry college republicans rallied behind before memes were invented. He also appeals to the people who get confused when you try to talk with them about the markets and they mistakenly believe you are talking about the supermarket.
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Wasn't that the guy in Brüno?
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I love Ron Paul....but there's a new pundit predicting a crash weekly. One of them will be right every 10-15 years then idolized (think Peter Schiff). There's always data in both directions, you have to invest for your own personal outlook and risk tolerance.
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Ron Paul is a batshit insane libertarian former congressman (and perennial also-ran presidential candidate) from Texas. He's the father of the batshit insane libertarian current senator (and perennial also-ran presidential candidate) from Kentucky, Rand Paul. Anyone who would name his kid after Ayn Rand has to be batshit insane. No way would I pay the least bit of attention to his predictions.
His name is short for Randal.
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Ron Paul is a batshit insane libertarian former congressman (and perennial also-ran presidential candidate) from Texas. He's the father of the batshit insane libertarian current senator (and perennial also-ran presidential candidate) from Kentucky, Rand Paul. Anyone who would name his kid after Ayn Rand has to be batshit insane. No way would I pay the least bit of attention to his predictions.
His name is short for Randal.
So, who is Ayn Randal?
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Ron Paul, Dick Clark....or Joe across the street. Anyone who makes a statement like that immediately loses any and all credibility in my book.
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Ron Paul is a batshit insane libertarian former congressman (and perennial also-ran presidential candidate) from Texas. He's the father of the batshit insane libertarian current senator (and perennial also-ran presidential candidate) from Kentucky, Rand Paul. Anyone who would name his kid after Ayn Rand has to be batshit insane. No way would I pay the least bit of attention to his predictions.
His name is short for Randal.
So, who is Ayn Randal?
The real question is "Who is John Galt?" And the answer is "He's that guy you always try to avoid who won't shut up about how unfair taxes are."
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Ron Paul was the cool old guy that all the angry college republicans rallied behind before memes were invented.
This description made my day.
He made the same prediction last summer too and we're up 25% so not someone I'd necessarily pay much attention to.
Also in 2015 (http://www.cnbc.com/2015/06/19/ron-paul-stock-market-day-of-reckoning-is-near.html) and 2014 (http://www.cnbc.com/2014/07/29/ron-paul-stocks-are-in-a-bubble-and-will-crash.html)
And there are people that say he predicted the housing bubble.
Not that amazing when you predict a crash every year.
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I just can't afford the losses that a right-wing ideologically driven portfolio would create.
This is a great quote. I love Ron Paul. I think he says heaps of stuff that is spot on. I wouldn't though follow any of these guys advice when it comes to picking the market.
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Also in 2015 (http://www.cnbc.com/2015/06/19/ron-paul-stock-market-day-of-reckoning-is-near.html) and 2014 (http://www.cnbc.com/2014/07/29/ron-paul-stocks-are-in-a-bubble-and-will-crash.html)
Not that amazing when you predict a crash every year.
It's really amazing. When I read the "prediction" in the 2015 article, you could take any sentence from that statement and plug it into any of today's mainstream financial shows and it would sound ok. How do people still listen to this and say: "there you go, the expert has spoken. let's move accordingly!"
I also remember an article involving Royal Bank of Scotland from first week Jan 2016 predicting a 20%+ correction for mid 2016. I believe the word was "cataclysmic"! This is total BS at best and malicious market manipulation at worst!
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Who's ron paul? I guess Im not worried
Every time I see this thread pop up I think of the large hairy porn guy with a similar name. I can't remember his name and don't want to look it up at work.
Ron Jeremy! (I asked a co-worker)
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I trudged through snow, knocking on doors, in Iowa in 2007 for Ron Paul and this is not going to affect my investment decisions.
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I hear this at least a few times a year from Ron Paul. Eventually he will be right I guess if you say it enough over time.
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If Ron Paul told me that something was going to go wrong with my vagina by October, I might believe him, because he's got a medical degree and practiced as a gynecologist.
As for the economy... I guess I could go get a mirror and look for some economic predictions up in there and they'd probably have as much credence as Ron Paul's predictions.
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I hear this at least a few times a year from Ron Paul. Eventually he will be right I guess if you say it enough over time.
A broken clock is correct twice a day.
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Ron Paul is a batshit insane libertarian former congressman (and perennial also-ran presidential candidate) from Texas. He's the father of the batshit insane libertarian current senator (and perennial also-ran presidential candidate) from Kentucky, Rand Paul. Anyone who would name his kid after Ayn Rand has to be batshit insane. No way would I pay the least bit of attention to his predictions.
His name is short for Randal.
So, who is Ayn Randal?
lol
I'm sorry I have nothing else to add, but this was funny.
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Wasn't that the guy in Brüno?
Yes Ron Paul was in the Bruno movie, and Bruno tried to seduce Ron Paul. It worked for about a minute.
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Ron Paul said this: "If our markets are down 25 percent and gold is up 50 percent it wouldn't be a total shock to me."
I happen to agree. It wouldn't be a total shock to me. It also wouldn't be a total shock to me if the markets are up 25 percent. It also wouldn't be a total shock to me if the market was flat. It also wouldn't be a total shock to me if the markets were up or down 3% or some other number.
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If I were to have listened to Ron when he first said to buy gold, I would have seen that big 20% movement. Unfortunately for those who did listen, it went down....not up.
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Sounds like most of the people didn't actually read what Ron Paul said. Here is the article http://www.cnbc.com/2017/07/02/ron-paul-not-a-shock-if-stocks-fall-25-percent-and-gold-soars-50-percent-by-oct.html
MrMoneymustache also recently wrote about the coming recession: http://www.mrmoneymustache.com/2017/06/20/next-recession/
Also, the show hosts always want the guests to tell an exact date of the coming drop, percentage of the drop as well as which stocks to buy to hedge that. Obviously no one knows the date before the crash. These people just have a non-wallstreet view of the fundamentals, and as it doesn't look rosy, they are expecting the correction soon.
"People have been convinced that everything is wonderful right now and that stocks are going to go up forever," Paul said.
"I don't happen to buy this. The old rules always exist, and there's too much debt and too much mal-investment. The adjustment will have to come," he added.
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Certainly one head wind is Congress has done nothing on alleviating tax pain and the government continues to collect record revenues. There has been some relief for small businesses. If Congress ends the summer with no plan or likelihood of relief for the common man, maybe his conjecture will be correct.
He made the same prediction last summer too and we're up 25% so not someone I'd necessarily pay much attention to.
If you account for both inflation and population increase, it stands to reason that every year should yield record revenue collection. And with those record revenues will come record setting spending as well. A decrease in revenue collection is actually a bad thing, since that's usually economically driven.
Thankyou Eric. It's awful that this fact needs to be pointed out time and time again.
See it as well with newspapers shouting that big bad companies are making record profits... well.. .duh that's the way the world works.
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"Nobody but nobody, has consistently guessed the direction of the bond or stock market over any meaningful length of time." - John Markese, President, American Association of Individual Investors Journal
"I don’t believe in market timing. I’ve been around this business darn near a half-century, and I know I can’t do it successfully. In fact, I don’t even know anyone who knows anyone who has ever successfully timed the market over the long term." - John Bogle, Founder of The Vanguard Group
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Ah yes I should listen to a doctor for investment advice, just as I should listen to my plumber on filing my taxes.
Stick to what you know Ron, vagina anatomy.
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Ah yes I should listen to a doctor for investment advice, just as I should listen to my plumber on filing my taxes.
Stick to what you know Ron, vagina anatomy.
Is this an insult or a compliment? An insumpliment?
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Ah yes I should listen to a doctor for investment advice, just as I should listen to my plumber on filing my taxes.
Stick to what you know Ron, vagina anatomy.
Which makes it even funnier that he was in that movie Bruno
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Ah yes I should listen to a doctor for investment advice, just as I should listen to my plumber on filing my taxes.
Stick to what you know Ron, vagina anatomy.
Is this an insult or a compliment? An insumpliment?
Haha, insumpliment, I like that.
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Ah yes I should listen to a doctor for investment advice, just as I should listen to my plumber on filing my taxes.
Stick to what you know Ron, vagina anatomy.
Which makes it even funnier that he was in that movie Bruno
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I forgot about that, oh boy lol
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"Nobody but nobody, has consistently guessed the direction of the bond or stock market over any meaningful length of time." - John Markese, President, American Association of Individual Investors Journal
"Far more money has been lost by investors preparing for corrections than has been lost in corrections themselves" -- Peter Lynch
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Ron Paul, Dick Clark....or Joe across the street. Anyone who makes a statement like that immediately loses any and all credibility in my book.
+1
Peter Lynch on stock market declines:
"...no one seems to know when they are gonna happen. At least if they know about ‘em, they’re not telling anybody about ‘em. I don’t remember anybody predicting the market right more than once, and they predict a lot. So they’re gonna happen. If you’re in the market, you have to know there’s going to be declines. And they’re going to cap and every couple of years you’re going to get a 10 percent correction. That’s a euphemism for losing a lot of money rapidly. That’s what a “correction” is called. And a bear market is 20-25-30 percent decline.
They’re gonna happen. When they’re gonna start, no one knows. If you’re not ready for that, you shouldn’t be in the stock market. I mean the stomach is the key organ here. It’s not the brain. Do you have the stomach for these kinds of declines? And what’s your timing like? Is your horizon one year? Is your horizon ten years or 20 years?..."
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"People have been convinced that everything is wonderful right now and that stocks are going to go up forever," Paul said.
Now I know Ron Paul is engaging in "selective hearing" - who is actually saying this? I hear plenty of gloom-and-doom, but I haven't heard a single person uttering this kind of pie-in-the-sky b.s. recently, and I remember hearing it frequently right around 98-99.
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these doom and gloom pundits have typically predicted nine out of the last two recessions ;-)