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Author Topic: Stock Market Crash beginning this Wednesday (March 16) ?  (Read 15805 times)

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Offline Pax Vobis

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Re: Stock Market Crash beginning this Wednesday (March 16) ?
« Reply #15 on: March 16, 2022, 01:18:03 PM »
Just an idea....you might look into taking out a loan against your 401k plan (if you can't cash it out) through your employer.  You have to pay back interest, at less than 5% and over a 4-5 year period.  The best part? 
1) the interest gets paid to your plan, so you're paying yourself.  Win-win. 
2) If you switch companies, your loan payments stop.  Any unpaid amount is considered a distribution, which means it's treated at tax income (i.e. you've cashed it out).
3) If you think the stock market is going to go down in the future, you might as well use the cash now.  Typically, a plan allows you to borrow near 50% of value, up to a certain amount.

Just an idea if anyone needs cash for prepping.  I did this a year ago and it was a great choice.  PM me with questions.
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Offline compline

Re: Stock Market Crash beginning this Wednesday (March 16) ?
« Reply #16 on: March 16, 2022, 03:03:57 PM »
The market closed with the Dow up over 500 points, for a 3-week high.
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Offline Minnesota

Re: Stock Market Crash beginning this Wednesday (March 16) ?
« Reply #17 on: March 16, 2022, 03:33:50 PM »
Quote from: compline on March 16, 2022, 03:03:57 PM
The market closed with the Dow up over 500 points, for a 3-week high.
This. And the market has another 2 hours left of trading, iirc. Will something happen to the economy and the market eventually? Yes. This current imbroglio isn't feasible. It's a total house of cards. It probably won't happen this quick though.
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Offline Bonaventure

Re: Stock Market Crash beginning this Wednesday (March 16) ?
« Reply #18 on: March 16, 2022, 03:41:06 PM »
Quote from: Minnesota on March 16, 2022, 03:33:50 PM
And the market has another 2 hours left of trading, iirc.

NYSE closes at 4pm Eastern. So... it was closed ~4 minutes before compline posted.
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Offline Donachie

Re: Stock Market Crash beginning this Wednesday (March 16) ?
« Reply #19 on: March 16, 2022, 03:58:12 PM »
The Jews' stock market any way you cut it. Hollywood, the banks of the banking, and the interplanetary "plunge protection team". The Jews.
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