How much longer is this boom going to last?

Discussion in 'Politics' started by cedar creek, Aug 1, 2019.

  1. cedar creek

    cedar creek 10 pointer

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    Stock market is high, housing is still strong, how much longer is the good ol days going to last?
     
  2. Feedman

    Feedman Cyber-Hunter

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    In the basement
    As long as Trump is President
     
  3. EdLongshanks

    EdLongshanks 12 pointer

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    I know a concrete company that is preparing for a rough year next year. It’s a large regional, privately owned, company that I’m pretty sure is on the trump train....but I think they feel the housing market is going to falter
     
    cedar creek likes this.
  4. cedar creek

    cedar creek 10 pointer

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    Ready mix company or contractor?
     
  5. EdLongshanks

    EdLongshanks 12 pointer

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    Ready mix
     
  6. ojibwa62

    ojibwa62 12 pointer

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    The stock market bubble is gonna bust and I don't think Trump can stop, and when it does it's gonna 2008 look like a going out of business sale..
    I know several folks way more knowledgeable then I who think it's gonna be bad.
    But remember even in the great depression those that had money still made money.
     
    cedar creek likes this.
  7. cedar creek

    cedar creek 10 pointer

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    Gotcha, I’m a small concrete contractor 15 years experience, I’m starting to see the ripples in the water right now, going to finish the year strong but not certain on 2021 and after, has been a lot of money spent and borrowed over the past 10 years or so, I love what I do and have fought hard to keep a good reputation, I went through the last recession but I was younger and more ambitious lol,
     
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  8. cedar creek

    cedar creek 10 pointer

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    Would it be a good idea to cash out non IRA mutual funds now? Or ride it out, market is highest I have seen in my life now
     
  9. bgkyarcher

    bgkyarcher 12 pointer

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    What are you going to do with it if you cash out?
     
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  10. cedar creek

    cedar creek 10 pointer

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    Idk I just don’t want to loose my ass, to be honest, maybe buy ground but it’s to high now to turn s profits if things go south, ?
     
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  11. bgkyarcher

    bgkyarcher 12 pointer

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    If you don't re-invest in money market or something, I believe you'll have to pay capital gain taxes. Crap like this is why I pay somebody that knows more than I do to manage my investments....
     
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  12. barney

    barney 12 pointer

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    Ground has never went down.
     
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  13. bgkyarcher

    bgkyarcher 12 pointer

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    But I don't think land purchases would exempt one from capital gains taxes.....
     
    barney likes this.
  14. EdLongshanks

    EdLongshanks 12 pointer

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    Can you do a 1031 from mutual funds to real estate?
     
  15. EdLongshanks

    EdLongshanks 12 pointer

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    Just googled that and I’m pretty sure that’s a nada mister.
     

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