It's a bit ridiculous... backpacking culture in Europe and Australia is really prevalent among kids graduating high school and college. After college I took a summer off to hitch hike around the middle east, and I met a ton of Europeans and Australians who were doing it for a year or more.
Me too... this is the problem with so much uncertainty. I think if you have a long horizon (more than 10 years), keeping them in a diversified stock portfolio is probably your best bet.
Maybe depress assets and have his friends scoop them up on the cheap, and then stop doing the most crazy stuff, and let the market return to normal? IDK, just spit balling here. I always assume some sort of grift with Trump... but he could just be stupid.
I'm starting to think i shouldn't have gotten back in the market... I think it's going to get bad. I'm not pulling out again, I saved myself a 20% shave, so I'll be happy with that... but I think there's a really good chance for another 20-30% drop and then a very long, slow recovery.Unless...
Not getting nearly enough attention. There's just so much crap going on it's hard to focus, but this is just as ridiculous and lawless as so many other things.
Man, it's a good thing we've been working real hard to make other countries like us more, and are presenting ourselves like responsible, reliable partners.
Just a reminder… from the US Holocaust museum:
"What distinguishes a concentration camp from a prison (in the modern sense) is that it functions outside of a judicial system. The prisoners are not indicted or convicted of any crime by judicial process."
Just in case anyone is curious...
I know, I'm going out on a limb here.
But usually there has been some legal theory to most of the administration's attempts. I disagree with most of them, but I'm also ok with different interpretations of the law and letting that play out through the courts. I just haven't seen one with this.
Is there a reasonable legal justification for this?
Also, what's the declared logic of the government at this point in time?
They detained and deported a man with full legal rights in the United States and shipped him to a prison in El Salvador without ever charging him with a crime.
As @efil4 said, not within my 401k plan.
But yes, outside your retirement accounts you trigger capital gains tax.... long term capital gains are taxed at 0, 15 or 20% depending on your income level. Short term capital gains are taxed as ordinary income. It's generally why long term dollar cost...
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