The Nation's Financial Condition

[Farfromgeneva]

That’s arrogance and blindness though. Do you feel good day to day given your situation? Joking about Biden (or any President) but did the flailing, self serving actions and playing with every citizens life for his own benefit seem as confidence inducing as someone who is at least trying to do the right thing for the people of the country? This cannot be said about the prior admin. Of course no president has influence over the stock market which is why giving Trump credit for it is so stupid. Patently moronic. Especially without acknowledging a tax cut and explosion in the debt of the country.

[a fan]

My 401k was up 17% in 2020.

Thank you Trump, indeed.

Your 401(k) did better under Obama and Clinton than T****. T**** did beat out W, however.

Perhaps. It was quite fruitful when Obama tanked the defense industry. Lots to buy low.

Nopity-Nope-Nope. That's 1000% on McConnell, my man. You don't get to blame Obama for something that Congress is responsible for, sorry!

McConnell chose to play games with Obama. Not only did it hurt your defense stocks....there are US Navy sailors that died because of McConnell's games, leaving our forces short of money, and overtasked.

The minute a POTUS with a little R by his name arrived? That put an end to McConnell's feigned frugality----and out came the checkbook. And to make matters worse, McConnell and Trump borrowed every cent..and then dropped the bottom out of our tax base.

Oh well. Your stocks are up, right? Who cares if the next generation has to pay for all your market gains, right?

[Kismet]

My 401k was up 17% in 2020.

Thank you Trump, indeed.

That is right about where my wife and I wound up. Should we blame dump for our good fortune? I'm expecting triple the return out of a POTUS Biden administration. Is it right for Joltin Joe to write an EO demanding 30% returns on all 401Ks?

Biden Supporters red in the face:

"But, BUT, BUUUUT- YOU ARE SOOO GREEDY! THAT IS NOT A SIGN OF A HEALTHY ECONOMY!!!!!!!!"

More brilliant analysis. Where can I sign up for that class in macroeconomics? Carnival in rural florida?

It all becomes relative. When your portfolio is doing well in spite of all the carnage around us, you begin to believe you have weathered the worst of the storm.

Honestly, do tell me if the current activity in the markets does remind you of how you play CRAPS in a casino? and that you are okay with your nest egg possibly being affected at some point by all of the GAMBLING currently underway in the markets

[kramerica.inc]

My 401k was up 17% in 2020.

Thank you Trump, indeed.

Your 401(k) did better under Obama and Clinton than T****. T**** did beat out W, however.

Perhaps. It was quite fruitful when Obama tanked the defense industry. Lots to buy low.

Nopity-Nope-Nope. That's 1000% on McConnell, my man. You don't get to blame Obama for something that Congress is responsible for, sorry!

McConnell chose to play games with Obama. Not only did it hurt your defense stocks....there are US Navy sailors that died because of McConnell's games, leaving our forces short of money, and overtasked.

The minute a POTUS with a little R by his name arrived? That put an end to McConnell's feigned frugality----and out came the checkbook. And to make matters worse, McConnell and Trump borrowed every cent..and then dropped the bottom out of our tax base.

Oh well. Your stocks are up, right? Who cares if the next generation has to pay for all your market gains, right?

Spending on defense was down under Obama's budgets from $691 billion in '09 to $580 in '15.
But sure, it's all McConnel's fault.

[kramerica.inc]

I hope Biden has an EO to make abortion easier so I can start an abortion clinic and make some real cheddar! The economy will be better because of Biden and my ability to suck babies out of non motherly women!

I'd suggest you take advantage of the ripe market in Corning.

[a fan]

Spending on defense was down under Obama's budgets from $691 billion in '09 to $580 in '15.
But sure, it's all McConnel's fault.

So you're telling me that you've forgotten allll about the Sequester?

You just explained why McConnell plays these games: he knows full well that even informed citizens neatly "forget" what has been done in the past. Especially so if it forces you to hold your own party in low regard.

It's why after four years of R's and Trump playing the "win at all costs" game, you're hearing calls for "unity". Because you've already forgotten what Trump did for four years.

in short: McConnell's game works. Smart man. He knows voters like you will "misremember" what happened.

Pelosi would have been wise to follow McConnell's game, and give Trump nothing for his last two years. Oh well. The Dems will never learn that scorched Earth works.



So sure, let's go with your memory of events: McConnell didn't end all meaningful legislation for six years. And the Sequester just fell from the sky.

[Farfromgeneva]

I hope Biden has an EO to make abortion easier so I can start an abortion clinic and make some real cheddar! The economy will be better because of Biden and my ability to suck babies out of non motherly women!

I'd suggest you take advantage of the ripe market in Corning.

For preserving the fetuses?

I'm leaving my reg injections into the market, but squirreling the rest of my disposable to make small balance ($75,000-$500,000) mezzaning loans on mobile home parks and class B multifamily properties in decent markets. Getting 10-15% coupons, min 6mo interest on prepays and 2pts going in. Lockboxing (hard, not springing) the shares in the LLC and have an attorney friend helping me navigate the lack of an intercreditor agreement with the first mortgage holders. It's better money at the moment than buying property tax liens.

[cradleandshoot]

My 401k was up 17% in 2020.

Thank you Trump, indeed.

That is right about where my wife and I wound up. Should we blame dump for our good fortune? I'm expecting triple the return out of a POTUS Biden administration. Is it right for Joltin Joe to write an EO demanding 30% returns on all 401Ks?

Biden Supporters red in the face:

"But, BUT, BUUUUT- YOU ARE SOOO GREEDY! THAT IS NOT A SIGN OF A HEALTHY ECONOMY!!!!!!!!"

More brilliant analysis. Where can I sign up for that class in macroeconomics? Carnival in rural florida?

It all becomes relative. When your portfolio is doing well in spite of all the carnage around us, you begin to believe you have weathered the worst of the storm.

Honestly, do tell me if the current activity in the markets does remind you of how you play CRAPS in a casino? and that you are okay with your nest egg possibly being affected at some point by all of the GAMBLING currently underway in the markets

Easy answer, thank you for the extra slow belt high softball... BLAME IT ON BIDEN..

[kramerica.inc]

I hope Biden has an EO to make abortion easier so I can start an abortion clinic and make some real cheddar! The economy will be better because of Biden and my ability to suck babies out of non motherly women!

I'd suggest you take advantage of the ripe market in Corning.

For preserving the fetuses?

I'm leaving my reg injections into the market, but squirreling the rest of my disposable to make small balance ($75,000-$500,000) mezzaning loans on mobile home parks and class B multifamily properties in decent markets. Getting 10-15% coupons, min 6mo interest on prepays and 2pts going in. Lockboxing (hard, not springing) the shares in the LLC and have an attorney friend helping me navigate the lack of an intercreditor agreement with the first mortgage holders. It's better money at the moment than buying property tax liens.

[holmes435]

[kramerica.inc]

+1!

[youthathletics]

I heard it is also TDAmeritrade and Schwab...not just Robinhood.

[Farfromgeneva]

I hope Biden has an EO to make abortion easier so I can start an abortion clinic and make some real cheddar! The economy will be better because of Biden and my ability to suck babies out of non motherly women!

I'd suggest you take advantage of the ripe market in Corning.

For preserving the fetuses?

I'm leaving my reg injections into the market, but squirreling the rest of my disposable to make small balance ($75,000-$500,000) mezzaning loans on mobile home parks and class B multifamily properties in decent markets. Getting 10-15% coupons, min 6mo interest on prepays and 2pts going in. Lockboxing (hard, not springing) the shares in the LLC and have an attorney friend helping me navigate the lack of an intercreditor agreement with the first mortgage holders. It's better money at the moment than buying property tax liens.

Whatever you say killer. I've only spent over a decade working for a bulge bracket investment bank in their CMBS and B note placement groups and then for a HY CRE CDO, but sure I don't know anything about how to structure a mezz loan to a local dude who owns a 50-100 unit class B asset that the banks are chomping on and is too small for instutional money to bother with. Put three deals together since last Sept for about $600M, 2/3 my money the balance from a couple of professional friends (former head of Specialty Finance IBanking at SunTrust and the CEO of a bank in Va). Took 1.5%, 2.5% and 2% in pts and 11%, 14%, 12% rate on those three deals. 2yr term, 1 extension option subject to strict performance. Just renting time until the markets improve or I take the assets. Figure between a small group and myself I can put together aroudnd $5MM of these if I can source while still carrying on my day job. I hate the stock market. It's manipulated all over the place. I just invest there to be invested in the american economy, but hard assets have more appeal to me these days than cash flow value driven enterprises.

[Matnum PI]

Better things are possible@InternetHippo
8 hours ago
This may be controversial but I’m starting to think there’s one set of rules for rich people and another for everyone else

[a fan]

Better things are possible@InternetHippo
8 hours ago
This may be controversial but I’m starting to think there’s one set of rules for rich people and another for everyone else

Not possible. PopulistTrump fixed things for the common "forgotten" TrumpVoter, remember?

[kramerica.inc]

I hope Biden has an EO to make abortion easier so I can start an abortion clinic and make some real cheddar! The economy will be better because of Biden and my ability to suck babies out of non motherly women!

I'd suggest you take advantage of the ripe market in Corning.

For preserving the fetuses?

I'm leaving my reg injections into the market, but squirreling the rest of my disposable to make small balance ($75,000-$500,000) mezzaning loans on mobile home parks and class B multifamily properties in decent markets. Getting 10-15% coupons, min 6mo interest on prepays and 2pts going in. Lockboxing (hard, not springing) the shares in the LLC and have an attorney friend helping me navigate the lack of an intercreditor agreement with the first mortgage holders. It's better money at the moment than buying property tax liens.

Whatever you say killer. I've only spent over a decade working for a bulge bracket investment bank in their CMBS and B note placement groups and then for a HY CRE CDO, but sure I don't know anything about how to structure a mezz loan to a local dude who owns a 50-100 unit class B asset that the banks are chomping on and is too small for instutional money to bother with. Put three deals together since last Sept for about $600M, 2/3 my money the balance from a couple of professional friends (former head of Specialty Finance IBanking at SunTrust and the CEO of a bank in Va). Took 1.5%, 2.5% and 2% in pts and 11%, 14%, 12% rate on those three deals. 2yr term, 1 extension option subject to strict performance. Just renting time until the markets improve or I take the assets. Figure between a small group and myself I can put together aroudnd $5MM of these if I can source while still carrying on my day job. I hate the stock market. It's manipulated all over the place. I just invest there to be invested in the american economy, but hard assets have more appeal to me these days than cash flow value driven enterprises.

Yes, yes, we could all plow through the forum dropping our own industry acros to make ourselves feel good. But the key to being a good communicator is being easily understood. And taking something a little complicated, and making it accessible to all.

But your post also reminds me of a great quote. And often applies to the self-appointed "smartest guys in the room."

“If you can't dazzle them with brilliance, baffle them with bullsh1t.”

-WC Fields

[Farfromgeneva]

So am I supposed to assuem you are a vapid, empty loser because of your posts as that's what is deductible? You called me out, I give details and you still whine like a little biyach. I guess I should've been cooler and named myself after a corrupt former hedge fund trader who act like Pee Wee Herman on Speed on CNBC and I could be as cool as you...

A humble, honest person could ask if they don't understand. I spend a lot of time sharing what I've worked hard to learn, guarantee harder than most here unless you can count 95+ hour weeks in three to four digit terms of days of your life and would be happy to do so. Or they could just bulls**t themselves. Projecting at all because that's all I'm seeing from you? No humility, no honesty, a lot of whining about a new president like a little girl. A lot. So what am I supposed to call you since you are calling me a liar, or nonsense*er or whatever you are trying to say? That's really the difference, I give a s**t about other people and you clearly don't. Want to armpit the knowledge you've accumulated out of selfishenss or fear that it's your only value in life as an alternative because that's what you suggest and present yourself as.

Or just eat a d**k. I don't care, you can blow trump and Jim Cramer all the way to your grave. It's all good. Or you could present a little humilty and ask instead of accusing someone of being a liar like someone who has no character or ethics whatsoever.

[kramerica.inc]

So am I supposed to assuem you are a vapid, empty loser because of your posts as that's what is deductible? You called me out, I give details and you still whine like a little biyach. I guess I should've been cooler and named myself after a corrupt former hedge fund trader who act like Pee Wee Herman on Speed on CNBC and I could be as cool as you...

A humble, honest person could ask if they don't understand. I spend a lot of time sharing what I've worked hard to learn, guarantee harder than most here unless you can count 95+ hour weeks in three to four digit terms of days of your life and would be happy to do so. Or they could just bulls**t themselves. Projecting at all because that's all I'm seeing from you? No humility, no honesty, a lot of whining about a new president like a little girl. A lot. So what am I supposed to call you since you are calling me a liar, or nonsense*er or whatever you are trying to say? That's really the difference, I give a s**t about other people and you clearly don't. Want to armpit the knowledge you've accumulated out of selfishenss or fear that it's your only value in life as an alternative because that's what you suggest and present yourself as.

Or just eat a d**k. I don't care, you can blow trump and Jim Cramer all the way to your grave. It's all good. Or you could present a little humilty and ask instead of accusing someone of being a liar like someone who has no character or ethics whatsoever.

Sure. Assume whatever you want, chief.

Yes, I called you out. Not because I wanted more dull details, but for being a try-hard tool who likes to brag on the internet. And you responded...just as expected.

The smartest guy in the room. All hat, no cattle.

And oh, so very predictable. And classy.

[Farfromgeneva]

Good for you chief. Come say it to my face sometime....

[kramerica.inc]

Good for you chief. Come say it to my face sometime....

Where you located, internet tough guy #4,321 ?