Senate The 2016 U.S. Presidential Election has begun

My Dad lost thousands today in The Stock Market.

my bad sorry for the double post

 

You only lose if you sell.

(As my financial advisor made me chant over and over again in 2008. But he wasn't wrong.)

 

only know what my dad told me he said he lost thousands because of this British Money Fiasco. Riddle me This batman how did most of the country who owned stock back in the great depression lose tons of money back in the great Depression and go broke and Live In homeless Shanty Towns? heck things like Homeless Shanty towns happened when W was president never mind the great Depression.
I mean If the Stock Market gets better I believe his stock can grow unless he pulls out what money he has left in Stock.

 

Sure, I can riddle you that.

You lose and gain value of stock in the markets on a regular basis. When it takes a dip, the value of your stock lessens, and if you sell, you lose the difference in value. (The same holds true if the value of your stock gains and you sell. Then you win.) The Great Depression was a different matter because people purchased on margins, but whatever.

This is just volatility. No one should look at their investments right now. If your dad doesn't sell, he more likely than not won't lose the value of his investments permanently. Unless he was investing only in the EU or doing something risky.

 

but that is basically what I said in a kind of backwards way

 

No, you said he lost thousands. He didn't lose anything. His portfolio took a dip, and it will most likely not be an issue.

To make it simpler, if I have gold earrings that have an oz of gold, and gold is worth $85 per oz one day and $75 the next, I didn't lose $10, my earrings are just worth less today.

 

but you said ,"You lose and gain value of stock in the markets on a regular basis"
well in the course of one day my dad lost Thousands of Dollars. You have no idea What kind of stock it is. My dad buys in to A GOV stock from his GOV FDA days I forget what it Is called?

 

I don't need to know what kind of stock it is to know how stock works.

If he's the type of person to just buy stock (versus mutual funds or stock index funds) then he's probably the type of person comfortable with volatility. Since he seems not to be based on what you just posted, I'd gather he has a diverse-enough portfolio that his stock lost some value and he'll wait it out and gain value somewhere else.

 

no he is in a mutual Fund. bottom Line the British just really messed up and the stock market could crash hard in America which could have a ripple affect around the globe. and could affect the US Presidential race If I was Hillary I would use the Scotland Trump Speech as Political Ads and When The British economy crashes she can point out that is what Trump supports. Trump sounded like he did not know what he was talking about. I used to think Trump was evil now I think he is evil and stupid and clueless.

 

That's fine, and there's nothing wrong with that. The individual donation cap is a set, flat amount. And campaign finance reform won't affect anything except the Super PACs. If you want to tell me that it shouldn't be allowable to have George Soros basically finance his own PAC and destroy candidates he doesn't like with issues-based ads that never once mention that candidate's name? I'm inclined to agree with you!

But that wasn't excluded before CU, and it won't likely be excluded after it's overturned if it IS overturned...

 

I know that. But I'm not sure why you're telling me. I supported a candidate who argued for a broad-based platform of campaign finance reform of which Citizens United was only the first step, and terminated in publicly financed campaigns. Just because the person who won thinks of repealing Citizens United as the final destination does not mean that I share that view.

 

you are saying Candidates shouldn't be allowed to do Political ads? what is this Nazi Germany?

or only Trump gets to do them

 

Right. So maybe Bernie fans should stop acting like it is? You can't chant mindlessly in an arena while booing Hillary one second, then turn around and say, "you shouldn't root for your candidate as if they were a sports team!" the next. Sorry. It's comically ironic.

I should remind you that I'm not a Hillary supporter, so I'm objective on this. As a life-long independent, I also absolutely hate and have often commented on how destructive this type of "politics as sport" mindset is in the US. And it has never been more apparent or prevalent than with the campaigns and supporters of Bernie and Trump.

Maybe if Bernie fans don't want this to be seen as a sport, they should stop doing literally every cliche thing sports fans do when they think their team has been jobbed (even though if you took away all the penalties aka super delegates, their guy *still* would have lost fair and square).

On the flipside, Hillary's support is so historically lukewarm and "this sucks but we have to live with it" that as an objective observer I find it laughable that anyone in the Bernie camp could possibly try to paint Hillary of all people as having a rabid fanbase.

Seriously, what? She has the worst favorability rating of any democratic presidential candidate in history. The only thing her begrudging supporters are pointing out are the cold hard facts: Bernie has lost. Even if the party magically declared super delegates null and void at the convention, he'd lose. His entire argument now for being the candidate actually relies upon these very unfair, undemocratic oligarchs voting in an incredibly undemocratic fashion... But apparently it's ok if they do that if it's to vote for him? Does he get the "democratic" part of "democratic socialist" or not?

Seriously, Bernie supporters now just sound to me, an outsider, exactly like a rabid fanbase who can't accept that their side (which they've been literally cheering and buying merch for) did not win the nomination. And I say "win" not because I personally think of it as a sport, but because that's what securing the nomination is freaking called.

Yes guys, you cheered really hard in arenas. I'm sure most of your friends of the same age also voted Bernie, so it feels like *everyone* must have, so obviously the whole primary is rigged. Never mind that Hillary won more states, more regular delegates, and 3 million more votes. Their votes clearly shouldn't count as much as the screams of Bernie voters, because that's how democracy works, right? The loudest side should win. Yeah, this widespread attitude is clearly not a huge part of the problem at all.. .

Honestly, I started out with a lot of respect for Bernie, but his behavior has become petulant, undemocratic, irrational, and harmful to the future of the country. The only way I will regain respect for him and his supporters is if they stop this whinging crap about the primary, and instead focus on one of the most important things they could ever lend their voice to: rallying behind Hillary to stop Donald Trump from becoming the next president.

[/disinterested voter perspective]

 

Your dad should buy. Valuations just improved a lot.

Volatility =/= bear market. The real risk is to growth, but that will take awhile to show up.

If the UK can hammer out some details quickly with the EU, that will go a long way towards easing investor fears.

 

He does what he does I happen to think the stock market Is a form of gambling. and I don't gamble because when you gamble my friend you can lose it all.

 

One can gamble in stocks, but it's smarter to invest in high-quality businesses with strong balance sheets and good brands if you want to build wealth over time. Most people don't have a clue, however (including a lot of money managers) and end up doing little more than gambling.

 

my dad does not get into it because he wants to strike it rich. But It did help him buy his beautiful home in Punta Gorda Florida, that and inheritance money from his crazy old mean Aunt and inheritance money from his Mom god rest her soul

 

Relevant.

 

I think that's an ok way of going about it but having an index fund is better and more stable.

Also investing is not gambling necessarily. I don't gamble either, but earning 1% interest on savings when inflation is 2% is losing value just the same.

 

You can thank central banks for that. And negative interest rates.

If those come to the US, I'm not sure what's gonna happen.

 

I respect your opinion a great deal sj, but I think there are a couple points worth noting here:

1. I'm not sure what showing up at arenas and booing an opponent's name has to do with anything. It's a pretty standard feature of political campaigns. In 2008, for instance, John McCain made a call and response out of "Who is Barack Obama?" Obama himself had the famous "Fired Up! Ready to go!" chants that don't even reference anything political. Unless you are calling for a moratorium on this sort of behavior, it seems unfair to criticize Sanders alone for it, or to suggest that his supporters were somehow more excessive about it than were others.

1b. His greatest support was among the youth vote, which has always been the least reliable voting block demographically. In that their support for him far outstripped their ability to actually show up at the polls, he is like most every other candidate in American history. Even Barack Obama, who was better on this score than most, still saw a significant gap. I again don't see why it's a cause for special derision against Sanders voters if it's a routine occurrence.

2. The point is not that Sanders would have won if superdelegates were apportioned differently, or if debates had been scheduled differently. The point is that, independent of any particular outcome, systems and processes should be fair. By way of analogy, we know that Khalid Sheikh Mohammad was integral to planning the 9/11 terrorist attacks. Even before he was ever in custody, we have video of him admitting as much. It should have been an open and shut case. In fact, though, we tortured him, polluting huge amounts of otherwise valid evidence. Even though the result would have been the same if we had not tortured him (we would have gotten evidence of his guilt), because we used an illegitimate process (torture), it's perfectly fair to complain.

The same is true here. Sanders absolutely should raise his concerns. Not because he was going to win. That was almost always improbable. But because it's not right that when one candidate has a former campaign co-chair running the DNC, he or she suddenly gets to have a debate schedule that favors her over the rest of the field of candidates. It's absolutely not an advantage Clinton needed to win. But it sullies the democratic process that she used it.

 

GREED IS GOD!

 

You Gordon Gekko, you.

 

Er, not all Sanders supporters are like this.

Many of us were drawn to him because our views happen to align most with his message (not too differently to how you were with Kasich). I remember being particularly impressed when at one televised rally Bernie's supporters tried to boo Clinton and Sanders shushed them, told them not to boo her. I have no idea if he still does this, though.

Many of us--and I daresay all of us who post in this thread--are fully cognizant of the fact that Sanders has lost and his campaign is effectively over. In fact, I expressed puzzlement a few days ago in this thread as to why he hasn't conceded yet.

And for what it's worth, he's gradually shifting his message and his focus to galvanize his supporters to oppose Trump. He's already said he's going to vote for Clinton. His endorsement at this point is a question of when, not if. He knows how stubborn his followers (well, the most vocal and fanatical) are--he knows he has to ease them into supporting Clinton gradually. Baby steps.

For the record, I hate how politics has become like sport, but I don't think that's what's happening with Bernie (other than the superficial similarity of loud crowds at stadiums, but hey, every side cheers on their candidate at rallies, even at Clinton rallies). I think a much bigger criticism with the primaries this year is how similar they are to reality TV--and that's a complaint you can lodge directly at Donald Trump's door.

Anyway, there are a wide variety of Sanders supporters (just as there are Clinton and, yes, even Trump supporters), all from a variety of different political, racial, generational, and socioeconomic backgrounds.

Please don't paint us all with such a broad brush. I believe you're better than that, Rachel.