The Soapbox

Los Angeles Hoo

Joined: 03/05/2014 Posts: 19807
Likes: 30505


I can't speak to your portfolio specifically. I am referring to...


...the real cumulative return from end of year 2021 to end of year 2023 based on major US stock/bond indices. To put it in rough terms, stocks are flat, bonds are down and inflation was over 10%. This equates to a negative double-digit percentage real return over the two years for the average stock-bond portfolio.

As an aside, markets did well in 2020 and 2021 because, despite the left's monkeyhammering of the real economy to oust Trump from office, the fake economy was flooded with liquidity in the form of fiscal and monetary measures taken by DC and states, which was good for financial assets.

To put an end to this discussion, I place no blame or give no credit to Biden personally for what's happened over the past three years, as he is mentally incapacitated and therefore not responsible for his actions. Further, you are correct that any president alone has a limited impact on the economy and markets. I only posted originally as a tongue-in-cheek response to the OP who was thanking Biden for his 401(k) performance in 2023.

(In response to this post by CMUHoo)

Posted: 12/31/2023 at 4:39PM



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Current Thread:
 
  
15% return on my 401k this year. Thanks Biden! ** -- wahoo138 12/31/2023 1:59PM
  Markets have been kind this year -- Capital City Hoo 12/31/2023 9:03PM
  I'd suggest you compare it to... -- Los Angeles Hoo 12/31/2023 2:22PM
  LOLZ. Wrong. Please show work using actual numbers -- Capital City Hoo 12/31/2023 9:08PM
  Show your work. That’s 🤡 work. ** -- HoodatB 12/31/2023 4:07PM
  Ok, here you go. -- CMUHoo 12/31/2023 3:58PM
  Appreciate the effort, which, as usual,... -- Los Angeles Hoo 12/31/2023 4:07PM
  It’s your assertion. You prove it. ** -- SixerHoo 12/31/2023 3:22PM
  Lolz. Why do you think I need to prove it to you? And... -- Los Angeles Hoo 12/31/2023 3:30PM
  🌍 2 needs no work. ** -- HoodatB 12/31/2023 4:08PM
  Someplace on Earth 1 ** -- 81_Hokie 12/31/2023 3:06PM
  Right on point as usual, Q. ** -- Los Angeles Hoo 12/31/2023 2:50PM
  😁 ** -- WaxHoo 12/31/2023 2:36PM

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