When our companies have to pay tariffs to sell their goods to other countries isn't that just a form of extortion?

[Scouts Honor]

5 hours ago, scourge165 said:

Your hopes would be dashed as he has said he won't.

In fact, when Biden signed the Chip act and Taiwan Semiconductor agreed to build 3 new Fabs in the US in what is...going to be at the heart of the next industrial revolution, AI, Biden provided 6.5B dollars to get TSM to spend 65B dollars here.

Trump has trashed that deal.

The Chips Act and it's one of the most successful pieces of legislation in the past 10-20 years. 

that was a bad move on his part.

I was hoping it would work out for us.

[Scouts Honor]

5 hours ago, Paul158 said:

I just read where they (TSM) want to invest another 100 billion dollars for new (5) FABs here in America. Dated March 3,2025

i hadn't heard this... this is good news

[Scouts Honor]

2 hours ago, uncle bernard said:

You should have voted for Bernie Sanders if you wanted this.

bernie wants to give companies incentives?

i wouldn't think that to be true

[Scouts Honor]

as long as no one panics... there won't be a panic

[Scouts Honor]

it sounds like there is some shenanigans going on to make some money

[scourge165]

9 minutes ago, Scouts Honor said:

that was a bad move on his part.

I was hoping it would work out for us.

I'm not sure what you're talking about?

Trump only verbally trashed the Chip Act and the Chips Act has been...wildly successful. 

I guess you could say he's trashing it now though. 

[scourge165]

6 minutes ago, Scouts Honor said:

it sounds like there is some shenanigans going on to make some money

That'd be a best case scenario at this point. They try and push the market down, try and get the interest rates down another 50 basis points and this turns out to be a much larger version of 2018.

Doesn't seem likely. 

 

I don't know how they "negotiate" deals when A-They said they weren't going to and B-They just made up what other Countries charge us. They did nothing more than calculate the trade deficit, then say they would need tariffs at this rate in order to not have a trade deficit. 

Of course...it's hard to be the largest GDP in the world and not have trade deficits. 

[Paul158]

28 minutes ago, scourge165 said:

That'd be a best case scenario at this point. They try and push the market down, try and get the interest rates down another 50 basis points and this turns out to be a much larger version of 2018.

Doesn't seem likely. 

 

I don't know how they "negotiate" deals when A-They said they weren't going to and B-They just made up what other Countries charge us. They did nothing more than calculate the trade deficit, then say they would need tariffs at this rate in order to not have a trade deficit. 

Of course...it's hard to be the largest GDP in the world and not have trade deficits. 

I was wondering if you have a 401K? How has it been doing since January of this year?

[Paul158]

47 minutes ago, Scouts Honor said:

it sounds like there is some shenanigans going on to make some money

I was wondering if you have a 401k. How is it doing since January until now. I hadn't looked at mine since January and it is up 3 percent as of yesterday. I was surprised. 

[scourge165]

3 hours ago, Paul158 said:

I was wondering if you have a 401K? How has it been doing since January of this year?

I'm not really worried about my Roth as it's not what I plan on being my primary retirement. I can't touch that until I'm almost 60 but that's down...just shy of 6 figures.

It's my own  brokerage fund that's gone to hell. The Russell is down over 20%, the SPX is down ~900 points...

 

But AGAIN, as I said, I went to mostly cash in Late January or I'd be down a LOT more in my own accounts. I STILL don't think it's a great thing to watch the Economy get hammered or to see the market crash 20% from VERY recent All-Time Highs exclusively because of Trump's nonsensical tariffs. 

[scourge165]

3 hours ago, Paul158 said:

I was wondering if you have a 401k. How is it doing since January until now. I hadn't looked at mine since January and it is up 3 percent as of yesterday. I was surprised. 

Yeah, the Economy was doing GREAT.

As I said, GDP growth was over 3%, the Fed was likely to cut twice this year as inflation shrunk to ~2.5%, low unemployment...

The Economy was doing incredibly well. 

[Scouts Honor]

15 hours ago, scourge165 said:

I'm not sure what you're talking about?

Trump only verbally trashed the Chip Act and the Chips Act has been...wildly successful. 

I guess you could say he's trashing it now though. 

you made it sound as if he ended it 

[Scouts Honor]

my roth has been up and down the last 6 months... it dropped after the third quarter or 2024, then back up a bit, and is up a bit again, but not as much.

im a little worried about this next quarter... 

but like scourge, it's my secondary.

[JimmySpeaks]

16 hours ago, Scouts Honor said:

as long as no one panics... there won't be a panic

Are you plagiarizing Warren Buffet? I’m pretty sure he just said that about tariffs.  

[JimmySpeaks]

32 minutes ago, Scouts Honor said:

my roth has been up and down the last 6 months... it dropped after the third quarter or 2024, then back up a bit, and is up a bit again, but not as much.

im a little worried about this next quarter... 

but like scourge, it's my secondary.

I think this ye@r will be tough as a whole.  That being said it won’t be nearly as bad as some of the years we’ve experienced in the 2000’s and as always it will come back 

[scourge165]

3 hours ago, Scouts Honor said:

you made it sound as if he ended it 

No, trashed as in said it was a terrible deal.

We spent 6.5B AFTER they built and TSMC has one NEW state of the art fab in production, one getting ready to go into production and one scheduled for 2 years. So it's paying off. 

[scourge165]

2 hours ago, JimmySpeaks said:

I think this ye@r will be tough as a whole.  That being said it won’t be nearly as bad as some of the years we’ve experienced in the 2000’s and as always it will come back 

The professor from the Best Economic University in the Country.

You might want to actually listen...

[scourge165]

3 hours ago, Scouts Honor said:

my roth has been up and down the last 6 months... it dropped after the third quarter or 2024, then back up a bit, and is up a bit again, but not as much.

im a little worried about this next quarter... 

but like scourge, it's my secondary.

I've certainly learned my lesson.

My Roth will be where I buy NVDA, META, TSM and my brokerage account will be MORE ETFs and Index funds...though you can only put so much into your Roth, but I'm definitely going to switch it up so that the next time I think NVDA is going to go from 140 to 120, I can sell in my Roth with no penalty(I NEVER would have dreamed it'd get down to 92...I'd be buying that hand over fist as it now trades at a forward PE in the low teens). 

 

But that's how I had it set up.