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Goldman Sach tells High NW clients .. Bull Market will continue
01-22-2018, 01:19 PM
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#1
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Thinks s/he gets paid by the post
Join Date: Aug 2013
Posts: 1,972
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Goldman Sach tells High NW clients .. Bull Market will continue
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No to consumerism, Living a simple life, enjoying the experience - not the material stuff
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01-22-2018, 02:35 PM
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#2
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Nov 2010
Location: Sarasota, FL & Vermont
Posts: 36,376
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Let's hope that they are right!
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If something cannot endure laughter.... it cannot endure.
Patience is the art of concealing your impatience.
Slow and steady wins the race.
Retired Jan 2012 at age 56
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01-22-2018, 03:12 PM
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#3
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Moderator
Join Date: Dec 2007
Location: Eastern WV Panhandle
Posts: 25,346
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That's a pretty good "SELL" signal, considering the source.
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When I was a kid I wanted to be older. This is not what I expected.
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01-22-2018, 03:39 PM
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#4
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Thinks s/he gets paid by the post
Join Date: Jun 2013
Posts: 1,561
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 Quote:
Originally Posted by Walt34
That's a pretty good "SELL" signal, considering the source.
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I would have to agree.
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"No beast so fierce but knows some touch of pity, but I know none, therefore am no beast"
Shown @ The End Of The Movie 'Runaway Train'
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01-22-2018, 04:00 PM
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#5
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Thinks s/he gets paid by the post
Join Date: Feb 2013
Location: Toronto
Posts: 3,321
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lol. Predictions are very difficult to make, especially when they are about the future. And why does a HNWI even care whether the bull market continues.
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01-22-2018, 04:01 PM
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#6
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Thinks s/he gets paid by the post
Join Date: Nov 2011
Posts: 3,906
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Even on a Low Carb Diet I expect the BMs to continue.
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01-22-2018, 04:11 PM
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#7
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Thinks s/he gets paid by the post
Join Date: Sep 2012
Posts: 1,570
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Yeah, but what are they telling the non High NW people? Oh that's right. They're GS, they don't talk with nonHNW.
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You know that suit they burying you in? Thar ain’t no pockets in that suit, boy.
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01-22-2018, 04:14 PM
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#8
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Thinks s/he gets paid by the post
Join Date: Mar 2013
Location: Southern California
Posts: 3,999
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Be fearful when others are greedy.
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01-22-2018, 08:49 PM
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#9
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Thinks s/he gets paid by the post
Join Date: Jul 2009
Posts: 1,934
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__________________
And if I claim to be a wise man, it surely means that I don't know.
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01-23-2018, 05:52 AM
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#10
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Thinks s/he gets paid by the post
Join Date: Feb 2014
Location: Williston, FL
Posts: 3,925
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Quote:
Originally Posted by 6miths
lol. Predictions are very difficult to make, especially when they are about the future. And why does a HNWI even care whether the bull market continues.
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So they can stay a high net worth individual? Considering it's 'only' $10M, a few here on the forum are relatively close.
Quote:
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Goldman’s private wealth management clients generally have investable assets of at least $10 million.
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I am not sure if GS is right, but all the right things are in place for higher corporate profits and spending. Consumer confidence is at great highs. No real dark economic clouds are on the horizon.
Inflation is creeping up, and initially it gives consumers more in their paycheck. The tax cuts also give 85% of people more in their paycheck. If it stays near 2%, all system will be a go. The economy is humming along at a 3%+ pace, something it has not done in a long time.
I am leaving my ~95% US equity position intact.
For those who already got out because the market was too 'frothy', and were going to get back in on a pull-back, how many years are you willing to wait? Or do you wait for Peter Schiff to give the word?
__________________
FIRE no later than 7/5/2016 at 56 (done), securing '16 401K match (done), getting '15 401K match (done), LTI Bonus (done), Perf bonus (done), maxing out 401K (done), picking up 1,000 hours to get another year of pension (done), July 1st benefits (vacation day, healthcare) (done), July 4th holiday. 0 days left. (done) OFFICIALLY RETIRED 7/5/2016!!
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01-23-2018, 07:27 AM
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#11
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Administrator
Join Date: Jan 2008
Location: Chicagoland
Posts: 40,726
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Quote:
Originally Posted by Senator
I am leaving my ~95% US equity position intact.
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For some reason I thought your assets were mostly invested in rental real estate.
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01-23-2018, 10:17 AM
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#12
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Recycles dryer sheets
Join Date: Mar 2012
Posts: 388
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01-23-2018, 11:58 AM
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#13
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Thinks s/he gets paid by the post
Join Date: Mar 2008
Location: Atlanta Suburb
Posts: 1,499
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Yea, but in this article Goldman advises the same HNW clients that Bitcoin is a bubble. What if they get both predictions wrong?
"Goldman Sachs warns high net worth clients about cryptocurrency mania"
"They note cryptocurrencies already dwarf both the dot-com bubble and the notorious Dutch “Tulipmania,” a period where tulip bulbs became a prized commodity between 1634 and 1637 and prices went haywire."
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"Oh, twice as much ain't twice as good
And can't sustain like one half could
It's wanting more that's gonna send me to my knees" - John Mayer
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01-23-2018, 12:04 PM
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#14
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Thinks s/he gets paid by the post
Join Date: Mar 2009
Posts: 2,985
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Time to harvest some of those equity profits.
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Took SS at 62 and hope I live long enough to regret the decision.
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01-23-2018, 12:51 PM
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#15
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jan 2006
Location: Rio Grande Valley
Posts: 38,153
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Quote:
Originally Posted by MichaelB
For some reason I thought your assets were mostly invested in rental real estate.
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He must be talking only about his liquid assets.
If Senator is getting a high income stream from his rental properties he may not care about total return of his liquid assets.
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Retired since summer 1999.
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01-23-2018, 01:42 PM
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#16
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Thinks s/he gets paid by the post
Join Date: Jul 2013
Posts: 1,046
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I predict a market crash soon simply because I just plowed $75k into it after sitting on about $200k in cash for all of 2017.
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01-23-2018, 01:50 PM
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#17
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Aug 2011
Location: West of the Mississippi
Posts: 17,266
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Just curious. How do GS recommendations on stocks and mutual funds do overall against the index funds? Does anybody follow them well enough to know?
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Comparison is the thief of joy
The worst decisions are usually made in times of anger and impatience.
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01-23-2018, 04:22 PM
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#18
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Thinks s/he gets paid by the post
Join Date: Feb 2014
Location: Syracuse
Posts: 3,502
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100 billion a year in extra deficit spending from the tax cut. Talk of a huge infrastructure bill. Talk of increasing defence spending.
All on credit.
I'm hoping for a great 5 years till the hangover kicks in.
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“No, not rich. I am a poor man with money, which is not the same thing"
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01-23-2018, 04:27 PM
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#19
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Thinks s/he gets paid by the post
Join Date: Feb 2014
Location: Syracuse
Posts: 3,502
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100 billion a year in extra deficit spending from the tax cut.
Talk of a huge infrastructure bill. Talk of increasing defence spending. All on credit.
I'm hoping for a great 5 years till the hangover kicks in. Till then I'm partying like it's 1999.
__________________
“No, not rich. I am a poor man with money, which is not the same thing"
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01-23-2018, 08:12 PM
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#20
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Thinks s/he gets paid by the post
Join Date: Mar 2011
Location: North TX
Posts: 1,834
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I've recently sold my WMT, some TGT and HAL today...setting it aside for a bit...
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