Dow @ 20K. Time to jump off!
POSTED BY: JO753
UPDATED: Friday, April 4, 2025 13:08
VIEWED: 120054
PAGE 24 of 119
Quote:
Originally posted by JO753:
U O!!!
http://www.dailymail.co.uk/news/article-5331559/Dow-Jones-sees-second-
day-triple-digit-losses.html
Iz this the beginning uv the fun part uv the roller-coaster ride?
Ya know what's interesting to me J0?
Quote from the article:
Quote:
The triple-digit loss on Monday was attributed to rising long-term interest rates
The interest rates have been just about nothing for a very long time now. During that time, I managed to get my credit score from the 740's to a staggering 820+.
Yet, somehow, the interest rates on most of my cards are ridiculously high compared to what they were before all the crashing began. Back in the days of 0% for 12 month balance transfers that ended around 2005-2006, most of my cards were in the high single digits, and my credit score was only around 670 because I had a BS judgement against me for never paying a seatbelt ticket that went to claims. It wasn't until about a year of owning my home that it jumped over 800. I don't think I have a card with a rate better than 19.99% right now.
Do you know if you can haggle these rates like you used to be able to? I never even bothered looking into it because I just use the cards and pay them off right away so I can get the rewards points.
Do Right, Be Right. :)
NOTIFY: Y | REPLY | REPLY WITH QUOTE | PERMALINK | TOP | HOME
I ran up about 100k in credit card det befor the crash, most uv it well befor 2008 kuz the 'crash' started early for machinists. I didnt plan on it, I just got sucked into the credit vortex they created to harvest wealth from the working class. They got greedy and recked their own game.
To ansr your Q, my advise iz to stop paying if you owe alot. Just stop and wait, to hell with your gorram credit score. Eventually, they start offering pay off dealz at a fraction uv wut you owe. They keep getting lower and lower and eventually they give up. They do a 'charje-off' and then you count it az income on your 1040.
So your brownie points sink to 300. Why do you care wen you arent playing the Money From The Future game anymore? You effectively win the game by stealing a little bit uv the money that wuz stolen from you by Wall Street befor you ever knew it existed.
----------------------------
DUZ XaT SEM RiT TQ YQ? - Jubal Early
http://www.7532020.com
NOTIFY: Y | REPLY | REPLY WITH QUOTE | PERMALINK | TOP | HOME
Quote:Goodness, Dow closed at 26,076. Is the sky fallng?
Originally posted by JO753:
U O!!!
http://www.dailymail.co.uk/news/article-5331559/Dow-Jones-sees-second-
day-triple-digit-losses.html
Iz this the beginning uv the fun part uv the roller-coaster ride?
It hasn't closed that low since Tuesday, 16 Jan - 2 weeks or 10 trading days ago. Is the sky falling?
That is 540 points below the all-time high. Is the sky falling? Can we panic now?
That is a falling back of 2.03% from its all-time high. Is the sky falling yet? Can we panic now?
Honestly, for me personally, this is great, although that is selfish of me. I recently noticed a small chunk of money which had been sitting in a Government Securities Investment fund, and I initiated a transfer to Stock Market funds. That transfer takes effect at Close of Business on Tuesday. So allowing me to buy in at a 2% discount is fine by me. That was not planning. If I had Dollar Cost Averaged, then I could claim the wisdom of planning, but I only made one single transfer. So it was mere luck.
Every single day of history prior to 2 weeks ago had a close lower than today's.
Under Obamanomics when Trump was Elected, this many points would have been 3%. But the Market has expanded so much under Trump that it is a smaller share.
You are welcome to panic if you desire.
NOTIFY: Y | REPLY | REPLY WITH QUOTE | PERMALINK | TOP | HOME
Quote:
Originally posted by JO753:
I ran up about 100k in credit card det befor the crash, most uv it well befor 2008 kuz the 'crash' started early for machinists. I didnt plan on it, I just got sucked into the credit vortex they created to harvest wealth from the working class. They got greedy and recked their own game.
To ansr your Q, my advise iz to stop paying if you owe alot. Just stop and wait, to hell with your gorram credit score. Eventually, they start offering pay off dealz at a fraction uv wut you owe. They keep getting lower and lower and eventually they give up. They do a 'charje-off' and then you count it az income on your 1040.
So your brownie points sink to 300. Why do you care wen you arent playing the Money From The Future game anymore? You effectively win the game by stealing a little bit uv the money that wuz stolen from you by Wall Street befor you ever knew it existed.
I actually owe nothing and I haven't paid a dime in interest in credit cards or loans since 2006.
It's funny you mention all of that though. They can't touch my house or car. My car is a piece of shit. I need a new furnace and air conditioning would be nice. I have a major porch renovation that needs being done. I'd love to pay somebody to knock out all of my teeth and get some nice dentures.
I've actually been considering talking to a financial advisor about this.
Why not just buy all of that stuff on credit, default on the payments and file for bankruptcy afterward?
Do Right, Be Right. :)
NOTIFY: Y | REPLY | REPLY WITH QUOTE | PERMALINK | TOP | HOME
If they can prove that you did it intentionally, they take all your stuff and you go to jail.
You see, it takes money to steal money, so us pee onz dont get to play the big game. Look how long Bernie Madoff got away with stealing billionz wile the credit card companyz and the gubmint wuz going after peepl who coudnt keep up with their car paymnents.
And wut Madoff made off with wuz chump chanje compared to wut the big banks steal every yir.
----------------------------
DUZ XaT SEM RiT TQ YQ? - Jubal Early
http://www.7532020.com
NOTIFY: Y | REPLY | REPLY WITH QUOTE | PERMALINK | TOP | HOME
Quote:
Originally posted by JO753:
If they can prove that you did it intentionally, they take all your stuff and you go to jail.
You see, it takes money to steal money, so us pee onz dont get to play the big game. Look how long Bernie Madoff got away with stealing billionz wile the credit card companyz and the gubmint wuz going after peepl who coudnt keep up with their car paymnents.
And wut Madoff made off with wuz chump chanje compared to wut the big banks steal every yir.
----------------------------
DUZ XaT SEM RiT TQ YQ? - Jubal Early
http://www.7532020.com
Yeah... I figured as much. I wasn't really entertaining the idea.
Pretty much screwed myself before it even launched by putting the words on the internet. Anybody worth half of what they're getting paid for should have been able to find this post in an investigation if I was ever dumb enough to try it and think I'd ever get away with it.
It really was more of me just venting my frustrations about being so gorram fiscally responsible yet watching almost nobody around me doing so and getting away with it somehow.
I'd never actually do it. I know that score doesn't really mean all that much since I don't really need it for anything anymore, but I like having it. :)
Do Right, Be Right. :)
NOTIFY: Y | REPLY | REPLY WITH QUOTE | PERMALINK | TOP | HOME
Quote:Looks like it increased again today. Yesterday was your chance to panic.
Originally posted by JEWELSTAITEFAN:Quote:Goodness, Dow closed at 26,076. Is the sky fallng?
Originally posted by JO753:
U O!!!
http://www.dailymail.co.uk/news/article-5331559/Dow-Jones-sees-second-
day-triple-digit-losses.html
Iz this the beginning uv the fun part uv the roller-coaster ride?
It hasn't closed that low since Tuesday, 16 Jan - 2 weeks or 10 trading days ago. Is the sky falling?
That is 540 points below the all-time high. Is the sky falling? Can we panic now?
That is a falling back of 2.03% from its all-time high. Is the sky falling yet? Can we panic now?
Honestly, for me personally, this is great, although that is selfish of me. I recently noticed a small chunk of money which had been sitting in a Government Securities Investment fund, and I initiated a transfer to Stock Market funds. That transfer takes effect at Close of Business on Tuesday. So allowing me to buy in at a 2% discount is fine by me. That was not planning. If I had Dollar Cost Averaged, then I could claim the wisdom of planning, but I only made one single transfer. So it was mere luck.
Every single day of history prior to 2 weeks ago had a close lower than today's.
Under Obamanomics when Trump was Elected, this many points would have been 3%. But the Market has expanded so much that it is a smaller share.
You are welcome to panic if you desire.
NOTIFY: Y | REPLY | REPLY WITH QUOTE | PERMALINK | TOP | HOME
Quote:
Originally posted by 6IXSTRINGJACK: I know that score doesn't really mean all that much since I don't really need it for anything anymore, but I like having it.
I'll trade with you! 100 points for 2 crisp fresh oranj Monopoly 500$ billz!
----------------------------
DUZ XaT SEM RiT TQ YQ? - Jubal Early
http://www.7532020.com
NOTIFY: Y | REPLY | REPLY WITH QUOTE | PERMALINK | TOP | HOME
Quote:
Originally posted by JO753:Quote:
Originally posted by 6IXSTRINGJACK: I know that score doesn't really mean all that much since I don't really need it for anything anymore, but I like having it.
I'll trade with you! 100 points for 2 crisp fresh oranj Monopoly 500$ billz!
Gimme 4 and you've got a deal! Then I can be Rich and make out on all those Trump tax breaks like Second!!!!
Do Right, Be Right. :)
NOTIFY: Y | REPLY | REPLY WITH QUOTE | PERMALINK | TOP | HOME
Deal!
We hav a delivery problem tho. I dont no wer to send the play money and you probably dont hav a way to make Tranzunion, Equifax or the otherz add points to my score. The only way I think that can happen iz to give my a substantial amount uv real money, like 100,000$ or more. Or maybe if youre actually a hacker and can manipilate their system?
----------------------------
DUZ XaT SEM RiT TQ YQ? - Jubal Early
http://www.7532020.com
NOTIFY: Y | REPLY | REPLY WITH QUOTE | PERMALINK | TOP | HOME