Stock market

[49994]

What websites do you use to buy stock?

I use vanguard as I have a brokerage account there as well as retirement accounts. I also have a charles schwab account, they have a phone app for trading stocks and vanguard doesn't. Both are easy to use.

 

[Ruttin]

I am going to watch the movement for about another week then I am getting back in. Investing in only US companies and leaning heavily towards gas, oil, construction goods and car manufactures. The best is yet to come!!

 

[Rowdie]

 

[Fester]

There are exactly zero good politicians...thats both sides of the isle.
https://www.msn.com/en-us/news/poli...d=20a2c75a43934f10c5f8e525000f67ec&ocid=hpmsn

 

[49994]

Can someone please explain to me why anyone is against Trump wanting to do reciprocal tariffs? I would prefer if the answer wasn't just a regurgitated response from the main stream media and Trump is dumb and a bad person.

 

[Fester]

Can someone please explain to me why anyone is against Trump wanting to do reciprocal tariffs? I would prefer if the answer wasn't just a regurgitated response from the main stream media and Trump is dumb and a bad person.

Its almost like someone is complaining they arent getting taken advantage of good enough. Cant wait for a response from someone on this.

 

[bravo]

Seems a lot of people don’t understand how tariffs work. Other countries don’t pay them.

Tariffs are usually negotiated between nations and based on politically important industries / commodities. Countries usually bargain tariffs as a way to raise funds and bargaining keeps the market stable. Ex: Country A wants to bolster their rice market. Their businesses import rice from country B, buying it for $10/lb and selling it for $15/lb. Country A government bargains a $5 tariff on country B rice imports. Country B still gets the original $10/lb price. But now the country A government slaps a $5/lb fee to every company who imports rice. The companies now charge $20/lb to their consumers to make up the difference. This continues until their government deems the import/export ratio to be satisfactory. So either more rice must be produced, or less imported.

Trump using tariffs as a punishment throws stability out the window. Nobody wants invest since there is little rhyme or reason to predict what’s next. The tariffs are not due to others “cheating” us. Trump himself brokered the 0% tariffs with Canada and Mexico in his first term.

The way tariffs work is they end up being expensive for US consumers, not other countries. They are the result of a trade deficit; importing more than we produce. We make up the difference unless we buy American. Problem is, tariffs devalue our dollar, reducing export sales and perpetuating the problem. Domestically, no producer is going to invest multi millions in new infrastructure since there is no sign of tariffs being responsibly bargained in the future. And they could go away completely in 3 1/2 years with the next administration. On top of that, you will still need to compete with insanely cheap overseas labor which isn’t going away any time soon.

Tariffs cause short term pain, but the current moves would have to play out over many years. In todays economy, regulations and administrations don’t last many years. Which makes people wonder if this is worth it.

 

[johnr]

When the foreign countries put 78% tariff on our goods, and we put nothing on theirs, how can we compete?
Our grandfathers shipped our jobs out to these slave labor countries to get our goods cheaper, it really effd us for a couple generations now. It cannot just stay the same, something needed to be done.

 

[Fester]

Tarrifs are paid by the consumer making prices higher and in a roumd avout way lowerig demand. If the product is produced in usa..no tarrifs...product may be more expensive but not as high as the tarrif. In the process increasing manufacturing in the usa and creating stability in the markets as well as manufacturing. So we dont rely on other countries....as we learned with covid is a complete disaster.......no need for paragraph after paragraph and how getting screwed is good...reminds of property tax people....

 

[Fester]

When the foreign countries put 78% tariff on our goods, and we put nothing on theirs, how can we compete?
Our grandfathers shipped our jobs out to these slave labor countries to get our goods cheaper, it really effd us for a couple generations now. It cannot just stay the same, something needed to be done.

It sure did..all on the promise of protecting the consumer with ultra low prices for products made over seas. So not only do they tarrif they also dint pay wages and or child labor. Look at china manufacturing city. They workers live on the companies location...they dont have a choice. They eat the companies food live in the companies housing see the company dr's etc. If we dont change thats how we will have to live to even get close to competing.

 

[bravo]

Yeah yeah yeah… if I said the earth was round you’d find a way to argue that too.

 

[johnr]

Yeah yeah yeah… if I said the earth was round you’d find a way to argue that too.

So tariffs are only good when its the other country charging it to the USA?
I guess I am a real dumb MF'r and cannot grasp that.

 

[bravo]

So tariffs are only good when its the other country charging it to the USA?
I guess I am a real dumb MF'r and cannot grasp that.

That wasn’t intended for you.

When the foreign countries put 78% tariff on our goods, and we put nothing on theirs, how can we compete?

Which countries imposed a 78% tariff on us. Honest question, not looking for a fight. Looking at that chart the White House released, it looks like they just calculated trade deficit and called that the tariff percentage.

Our grandfathers shipped our jobs out to these slave labor countries to get our goods cheaper, it really effd us for a couple generations now. It cannot just stay the same, something needed to be done.

Agreed.

 

[Fester]

Yeah yeah yeah… if I said the earth was round you’d find a way to argue that too.

All of which i said is proven...so.e people dont like the truth...some people like to get taxed also.... to add devaluing the dollar is only bad when your trying to purchase products oitside of the US. It makes it cheaper for other countried to purchase inside the US making exports higher...if we manufatured here in the USA. Hmmmm

 

[bravo]

K.

 

[Kurtr]

What we were doing the past 60 years has finally came to a head . It wasn’t working especially the last decade or so. Some thing has to change.

I asked the same question on Rokslide . How would people who don’t like how trump is handling trying to fix a decades long mess. I got a couple answers but most just stuck to trump bad with the other funnies they like to mix in.

You can see the I want it now philosophy we have all gotten accustomed to really show here. He has been in office for a few months.

Do we as a country have the fortitude to play this out long. I don’t think so. Shits going to get bad. Most are not built to endure tough times any more since we haven’t had any for decades

 

[Browneye]

If Tariffs are so detrimental to the host countries that impose them it's weird that all these other countries use them. They must like harming themselves.

 

[guywhofishes]

The dipshit is here four more years, unless we get lucky so the dip will be at least four years from now.

If you really believe that, you’re the dip.

 

[woodduck30]

Remember during the Obama clown show when the DOW had a slight correction with a 50% dip and took years to recover. That was economic bliss. Now during the Don's administration the DOW has CRASHED nearly 8% and we are doomed.

 

[lunkerslayer]