[2020] A little stock market sense

[PigsDad]

I'm thinking it will work to bring manufacturing back to the USA. It already has from the looks of it. I'm my state, Washington, aluminum smelting and lumber were big industries until nafta. Both of these industries disappeared because it was cheaper to buy Canadian products.

And another question: why do we need to bring some of that manufacturing that doesn't have a lot of higher paying jobs back to the US? Last I looked, our unemployment numbers were very low. Do we need more low-paying jobs in the US? Wouldn't it be better to -- oh, I don't know -- focus on educating Americans so that the average US worker has a higher income? Do you really think that more low-level manufacturing jobs will raise the average standard of living?

Why do you think we need to bring that manufacturing back to the US?

Kurt

 

[emeryjre]

And another question: why do we need to bring some of that manufacturing that doesn't have a lot of higher paying jobs back to the US? Last I looked, our unemployment numbers were very low. Do we need more low-paying jobs in the US? Wouldn't it be better to -- oh, I don't know -- focus on educating Americans so that the average US worker has a higher income? Do you really think that more low-level manufacturing jobs will raise the average standard of living?

Why do you think we need to bring that manufacturing back to the US?

Kurt

Viet Nam electronics assembly work pays $2.00 an hour
My Roku, Netgear routers, and Arris SB8200 Modem which I recently used to update my wifi in the house, all were imported from Viet Nam

 

[PigsDad]

Viet Nam electronics assembly work pays $2.00 an hour
My Roku, Netgear routers, and Arris SB8200 Modem which I recently used to update my wifi in the house, all were imported from Viet Nam

And how much more would that equipment cost if it were manufactured in the US? The worker being paid US minimum wage at those factories probably wouldn't be able to afford it.

We live in a global economy; we should embrace it, not implement isolation policies, IMO.

Kurt

 

[easyrider]

Why do you think we need to bring that manufacturing back to the US?

The main reason is decent paying jobs with benefits. Even college graduates need jobs. Not all college graduates make it to the high paying corporate jobs. Yes, I think having manufacturing jobs will increase the standard of living for everyone. Manufacturing jobs often pay more than low paying jobs. In the past a person could retire from a manufacturing job.

Bill

 

[PigsDad]

The main reason is decent paying jobs with benefits. Even college graduates need jobs. Not all college graduates make it to the high paying corporate jobs. Yes, I think having manufacturing jobs will increase the standard of living for everyone. Manufacturing jobs often pay more than low paying jobs. In the past a person could retire from a manufacturing job.

Bill

You're living in the past. You honestly think those new manufacturing jobs will be high paying and with benefits??? What is the color of the sky in your world?

Kurt

 

[ScoopKona]

My stupid little plan because I do not know the rules of investing was up 0.30% today

When you're telegraphed the precise day the crash is going to happen, it's easy to make money. I bought farm equipment with the windfall -- used, to avoid the tariffs.

 

[CalGalTraveler]

If reshored, many of those jobs could be filled by robots and AI

https://archive.is/2OjhA

 

[easyrider]

You're living in the past. You honestly think those new manufacturing jobs will be high paying and with benefits??? What is the color of the sky in your world?

Kurt

Higher paying than a Home Depot type job, hospitality job and many other jobs. Not only is the pay much higher, the employees usually stay on until retirement with a retirement plan & SS. The employee also has healthcare, vacation and other benefits. Many of these types of job pay over $50,000 a year starting pay plus benefits.

Many major manufactures are coming to America. In the next few years you will likely see a lot of jobs created in the manufacturing sector.

Bill

 

[letsgobobby]

as lo

Viet Nam electronics assembly work pays $2.00 an hour
My Roku, Netgear routers, and Arris SB8200 Modem which I recently used to update my wifi in the house, all were imported from Viet Nam

as long as you are publicly willing to say that you want those produced in the US, retail price be damned, and you are willing to pay 200% more for those products, and that everyone else should be willing to pay 200% more for those products, at least you will be internally consistent.

we will all be poorer, but at least you'll be consistent.

 

[letsgobobby]

Higher paying than a Home Depot type job, hospitality job and many other jobs. Not only is the pay much higher, the employees usually stay on until retirement with a retirement plan & SS. The employee also has healthcare, vacation and other benefits. Many of these types of job pay over $50,000 a year starting pay plus benefits.

Many major manufactures are coming to America. In the next few years you will likely see a lot of jobs created in the manufacturing sector.

Bill

so if we create 500,000 manufcaturing jobs while losing 2,000,000 service and trade jobs and raising prices 30% - will that still be a win in your book?

taxing trade reduces trade. less trade makes everyone poorer.

 

[easyrider]

so if we create 500,000 manufcaturing jobs while losing 2,000,000 service and trade jobs and raising prices 30% - will that still be a win in your book?

taxing trade reduces trade. less trade makes everyone poorer.

Why would we loose any jobs ? Every manufacturing job supports many other types of jobs including service industry jobs. So yes, it's obviously a win in a monetary metric.

Bill

 

[emeryjre]

as lo

as long as you are publicly willing to say that you want those produced in the US, retail price be damned, and you are willing to pay 200% more for those products, and that everyone else should be willing to pay 200% more for those products, at least you will be internally consistent.

we will all be

as lo

as long as you are publicly willing to say that you want those produced in the US, retail price be damned, and you are willing to pay 200% more for those products, and that everyone else should be willing to pay 200% more for those products, at least you will be internally consistent.

we will all be poorer, but at least you'll be consistent.

You missed my point
$2 an hour jobs are not what we want
What everybody is missing is the fact that all of these factories will be using extensive automation if they move here
The only good job will be robot maintenance jobs
And there will not be a lot of those since the robots will be ai driven and take care of themselves

 

[letsgobobby]

Why would we loose any jobs ? Every manufacturing job supports many other types of jobs including service industry jobs. So yes, it's obviously a win in a monetary metric.

Bill

you're in good company as this is the degree of analysis currently running our country.

it's checkers players who think they're playing Go.

 

[Brett]

What to Do Now That Tariffs Have Decimated Your 401(k)
https://www.wsj.com/finance/investing/trump-tariffs-investing-stocks-a12ce6e5

"To prevail over this chaos, you must think clearly at a time when many investors—and policymakers—are an emotional mess.

"An event unprecedented in most investors’ lifetimes, like ***** barrage of tariffs, intensifies our fear and stress. “No one’s seen this before, so no one knows how to react to it,” Normally, investors can consult data from the past to put a crashing market in perspective and calm their fears. But nothing like a trade war has happened in nearly a century. This means that today’s investors “have no experience to rely on to put our minds at ease.”

"The first step: Stop obsessing about the damage to your portfolio. Instead, imagine a simple pyramid

"In the pyramid’s bottom layer are actions like tightening your family’s budget; spending less and saving more will help you weather a market storm

"Consider taking your stock or fund dividends as cash rather than reinvesting in more shares; that extra liquidity can give you a psychological cushion against further losses.

"If the S&P 500’s drop has you spooked, move some money into international stocks or into bonds—particularly Treasury inflation-protected securities, which still offer decent value even though their prices have risen recently

“Ultimately the costs of the tariffs will be recognized and they will be rescinded,”

 

[VacationForever]

This is a good analysis as to why tariffs have been imposed. It is a matter whether it will achieve its goals.

Here's what Trump is really up to with high-stakes tariff gambit

Policy analyst Tanvi Ratna breaks down what President Trump is really up to with his tariffs, and it is more ambitious that you may think.

www.foxnews.com

 

[emeryjre]

It is good to see the effect Tariffs have had on Apple Products
Apple has engaged in cutthroat pricing to force American Cell Phone Manufacturers to operate in the red
MacBooks, iPads, Beats Headphones and their low prices has forced competition out of the markets
Small Town America depends on these jobs
It will be good to know that my $1500 cell phone will probably cost $3500 or more in the future
(sarcasm alert)

 

[Elan]

This is a good analysis as to why tariffs have been imposed. It is a matter whether it will achieve its goals.

Here's what Trump is really up to with high-stakes tariff gambit

Policy analyst Tanvi Ratna breaks down what President Trump is really up to with his tariffs, and it is more ambitious that you may think.

www.foxnews.com

First of all, Fox News.

Secondly, if this is indeed accurate, why haven't we heard this "strategy" directly from the administration? Go full Ross Perot on us and show us some charts, graphs and numbers.

Thirdly, even if accurate, it's simply a consumption tax on all Americans. Tariffs raise prices, consumers pay the higher prices -- effectively a tax on consumers.

Lastly, where's the analysis that shows the actual cost savings from all the government cuts. Why haven't all SpaceX contracts been eliminated? $22B from what I've read. I think most Americans would rather delay colonizing Mars than see their 401Ks annihilated or pay more at the store.

Sent from my Pixel 6a using Tapatalk

 

[CO skier]

What to Do Now That Tariffs Have Decimated Your 401(k)

"Decimated"? Really?

To put a little perspective on the current overly sensationalistic click-bait headlines du jour, the market has sold down only to the levels of last May, when the stock market was in full "party mode" and people were frothing at the mouth at the then sensationalistic headlines du jour about "new highs".

Same stock market levels, two completely different emotional reactions to those levels.


Some posts in this thread from last May:

Nasdaq hits record close​

https://www.reuters.com/markets/us/...-data-fed-chair-powell-speech-tap-2024-05-14/

" The tech heavy Nasdaq scored a record closing high on Tuesday and the S&P 500 and the Dow also advanced as Federal Reserve Chair Jerome Powell reassured investors while they digested Tuesday's data and waited for Wednesday's crucial consumer inflation report. "

The Nasdaq 100 closed at 18322.77, which is essentially flat from its 18302.90 close on March 1st and

18297.99 on March 7th and

18339.44 on March 22nd and

18307.98 on April 11th.

Dow crosses 40,000 for the first time​

https://www.cnn.com/2024/05/16/investing/dow-40000/index.html

Kurt

For those foaming at the mouth about "record highs" of the stock market averages, the Dow 30 close today is slightly less than a 4% annualized gain (including dividends) from its December 31, 2021 close of 36404.89.

My Platinum Relationship Savings Account at Wells Fargo is currently offering 5.01% APR -- FDIC insured with no risk of loss.

 

[RENTER]

I guess some people did not learn the lessons of Covid when China hoarded medical supplies, and we had shortages because we do not produce them here.

 

[CalGalTraveler]

I guess some people did not learn the lessons of Covid when China hoarded medical supplies, and we had shortages because we do not produce them here.

Rather than taking a sledgehammer to the world economy (and everyone's 401ks), why not a scalpel using tax incentives and other govt perks - such as streamlined approvals - for targeted industries to reshore?

 

[Beefnot]

"Decimated"? Really?

To put a little perspective on the current overly sensationalistic click-bait headlines du jour, the market has sold down only to the levels of last May, when the stock market was in full "party mode" and people were frothing at the mouth at the then sensationalistic headlines du jour about "new highs".

Same stock market levels, two completely different emotional reactions to those levels.


Some posts in this thread from last May:

Below what level would the description "decimated" not be sensationalistic in your mind?

 

[billymach4]

If you have not sold your positions in the recent down draft then you have not lost a penny.
The only smart thing you might want to consider in this dip is Roth Conversions to lower your tax burden.

Think Long-- Stay Strong.

You can't time the markets even if this one was self inflicted by a ________ .

 

[CO skier]

Below what level would the description "decimated" not be sensationalistic in your mind?

Every stock market investor should have a level in mind, based on their personal circumstances, where to sell, because beyond that point they would be "decimated" -- a "stop loss" level in market parlance. When the smoke clears and a bottom appears in place, reinvest with another stop loss in place.

Over the almost 100 years since the 1929 stock market crash, there have been 27 bear markets (20% or more declines every 4 years on average) with an average peak-to-trough decline of 35%. Anyone who feels "decimated" by this 20% decline (so far) from the peak should probably not have any money invested in the stock market, for their own mental well-being.

 

[Brett]

If you have not sold your positions in the recent down draft then you have not lost a penny.
The only smart thing you might want to consider in this dip is Roth Conversions to lower your tax burden.

Think Long-- Stay Strong.

You can't time the markets even if this one was self inflicted by a ________ .

yes, stocks are for the long term and should be balanced with interest bearing investments like bonds, CD's etc.

“Ultimately the costs of the tariffs will be recognized and they
will be rescinded,”

“When you look at the past you see that eventually markets do recover,
because over time logic prevails.”

 

[easyrider]

If you have not sold your positions in the recent down draft then you have not lost a penny.
The only smart thing you might want to consider in this dip is Roth Conversions to lower your tax burden.

Think Long-- Stay Strong.

You can't time the markets even if this one was self inflicted by a ________ .

Every time I hear something like think long stay strong it reminds me of the people near or in retirement in 2008 that said I'm in it for the long run and it will be back. Meanwhile their retirement account was busted and some went back to work at low paying jobs.

Bill