Stock market correction or bear market/crash? Either way I bailed.

galway_blow_in said:
most believe that those in receipt of the state pension more than covered ( what they are in receipt of now ) the cost in PRSI contributions down the years , the truth is very different , its the working young who are paying for the state pension today , that was sort of ok when you had four workers for every retiree but that wont be the case in a few decades

there isnt a scintilla of evidence that the government is attempting to curb the appetite of pensioners or those about to become pensioners , minister regina doherty is particularly voracious in her desire to heap goodies upon the elderly , she is of course constantly looking over her shoulder at willie o dea who these days appears to be spokesperson for pensioner largesse
there has been a massive increase in spending on the elderly this past twenty years , it dwarfs the increases in the public sector pay bill percentage wise
Click to expand...

First off A agree with cremeegg this is about Stock Market Correction
I am just going to open an old tread and say hi ,
 
Last edited:
RETIRED2017 said:
....I suspect lf I opened a thread I would find the people paying lower PRSI and getting the same pension as someone seeing one sixth of there payroll go in prsi will start muddeing the waters ....
Click to expand...

One of the many good reasons to start a thread then, let the different opinions battle it out :)
 
MrEarl said:
One of the many good reasons to start a thread then, let the different opinions battle it out :)
Click to expand...
If you look back on AAM you will see the people who are piggybacking the system and are well set up closing the debate down,

I suspect you are like me enjoying your retirement having worked and paid well for it,;)

The battle is lost by the look of things most of the people who up to now would have backed and supported the people who paid very little now have to pick up the tab ,

They are not happy there resentment of people who are retired is bubbling over which is the reason why I responded to a post around 376 pointing out lots of people seen one sixth of there income go into the PRSI Fund so they have paid enough for there state contribuarty pension ,

The resentment and frustration they feel is coming because the piggy bankers are enbedded in along with the people who seen ones sixth of there payroll go into the prsi Fund so when the Government gives five euro to the people who seen one sixth of there payroll go into the PRSI fund the also have to give the piggy backers the same amount ,

Guess who will be paying the five euro for the piggy backers yes you guessed correctly there most ardent supporters will and it is showing,;)

Now go back and enjoy the pop corn I don't need to open a new post to bring them down to earth from time to time,
 
Last edited:
:D:D
delfio said:
Very good lads, roll it on, time to get the pop corn out :D
Click to expand...
I am afraid the Pop corn is not going to taste so nice from now on it is the people who have wealth who are being tapped to keep the piggybackers in the style the are used of,



The spokeperson for Regina new crop of 30000 to 40000 piggybacker's want the tax break done away for private pensions so they can piggy back the syetem

The people who are retired like myself will be popping the pop corn while we read about posters winging about the wrong people while there follow suppoter rips then off and the don't notice,:D:D:D:D very big Grin

I think you will be is the same boat as me in another year or two:D:D:D:D
 
Last edited:
RETIRED2017 said:
:D:D
I am afraid the Pop corn is not going to taste so nice from now on it is the people who have wealth who are being tapped to keep the piggybackers in the style the are used of,



The spokeperson for Regina new crop of 30000 to 40000 piggybacker's want the tax break done away for private pensions so they can piggy back the syetem

The people who are retired like myself will be popping the pop corn while we read posters winging about the wrong people while there follow suppoter rips then off and the don't notice,:D:D:D:D very big Grin

I think you will be is the same boat as me in another year or two:D:D:D:D
Click to expand...


Its the retired who saw no recession and had there benefits safeguarded
 
galway_blow_in said:
Its the retired who saw no recession and had there benefits safeguarded
Click to expand...

People Who seen one sixth of there payroll go all of there working life paid up front for there pension,


I will Type slowly this time lots of people seen one sixth of there payroll go into the PRSI Fund trough many a recession lots of other paid less in good times and bad times and as I said on another post you now have to pay more to carry the piggy backers enjoy,

Hate to see resentment and frustration building up not good what goes round comes round


News FlashRegina is just after adding in another truck load of piggy bankers and there spoke person wants the tax break taken away from the people who will be paying the tab ,

they Government will always have to look after the people who seen one sixth of there payroll go into the Prsi Fund for there retirement they will only be getting back what the payed in. the embeded piggy bankers have to get the same amount good to see there supporters will pick up the tab

The piggy backers supporters are going to pay for the piggy backers seem fair to me,

there is no free lunch someone is going to pay the tab you cant ask the people who have already paid to pick up the tab again so you know who will be paying enjoy the meal,

You think things are bad now I don't think you Realise the amount of piggy backers making there way trough the system loads will be added each year and the Government will have to take more tax from earned income but more so from unearned Income seeing that is what you want that is what you will get Cheers,
 
Last edited:
RETIRED2017 said:
I will Type it slowly this time lots of people seen one sixth of there payroll go into the PRSI Fund trough many a recession lots of other paid less in good times and bad times and as I said on another post you now have to pay more to carry the piggy backers enjoy,
Click to expand...

That’s you typing slowly?
 
Sarenco said:
For those who enjoy watching short-term market movements, it might be worth noting that global stocks just had their best week in six years -

https://www.reuters.com/article/glo...t-week-in-6-years-dollar-climbs-idUSL8N1Q64X5
Click to expand...

the markets still jittery, if you are investing in out of favour sectors (like UK utilities now) they can stay out of favour for much longer than is rational then suddenly reverse course . I think many amateur investors can get caught out by this, sometimes you just have to hold your nose. I think computer algorithms exagerrating this phenomenon now aswell, if something is in a downtrend then it stays in a downtrend much longer due to computer trading until suddenly it doesn't.
 
european market is now below where it was twelve months ago , pretty poor considering the euro has pulled back quite a bit against the dollar since the start of the year
 
I see the ftse100 hit an all time high last Friday at 7900, its not exactly jubilation since it was almost at that level after the conservatives won the 2015 election under Cameron, then Brexit and the ftse along with the pound tanked. Before 2015 the ftse was in the doldrums it actually reached 6700 points in 1999 so its been hovering around the 7000 level for the guts of 20 years now. Of course it has been paying out good dividends throughout that time which needs to be taken into consideration. Its in a sweet spot now due to its focus on energy, mining and financial stocks which are benefiting from inflation

The iseq index has been doing good lately aswell no doubt driven by the reurgance in the banking and financials share prices however it is still 20% below its all time high reached in 2007
 
In September 2021 I got an email saying a crash was coming and it was going to be a big one.

I presume lots of pensioners got out of the market as a result.

The sp500 dropped from about 4900 to 3700
A 25% drop. So the email was correct.

Sp500 back to 4,170 last week.

Can we say the crash is behind us?
 
moneymakeover said:
In September 2021 I got an email saying a crash was coming and it was going to be a big one.

I presume lots of pensioners got out of the market as a result.

The sp500 dropped from about 4900 to 3700
A 25% drop. So the email was correct.

Sp500 back to 4,170 last week.

Can we say the crash is behind us?
Click to expand...
An email from who?!

A stopped clock is right twice a day.
 
Gordon Gekko said:
An email from who?!

A stopped clock is right twice a day.
Click to expand...
A pension adviser

I was sceptical

But I think in retrospect it was correct for people nearing retirement to switch out of equities into say cash.

Personally I didn't and I'm now back better than before in my pension plan.
 
You must log in or register to reply here.
Back
Top