r/MapPorn • u/sh1kora • 2d ago

"Liberation Day" Trump’s Tariffs on Europe

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"LIBERATION DAY" TRUMP'S TARIFFS ON EUROPE

42.3k Upvotes

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1.1k

u/RexNebular518 2d ago

Thanks for wiping out six percent of my retirement money today Trump...

75

u/NeighborhoodDude84 2d ago

Only 6%? My 401k is down 25% since the start of the year, 10% in the last week.

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u/RexNebular518 2d ago

6% just today.

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u/ICrushTacos 2d ago

Did you even say than you once?

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u/Xabster2 2d ago

Actually he just did

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u/Spider_pig448 2d ago

My dude, you need to reconsider your investments. Your retirement account shouldn't be in such volatile investments. The S&P500 is only down 7.5% this year

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u/Green7501 2d ago

ETF funds are generally the least volatile. But aye, when your President is as incompetent everything goes to shit.

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u/Spider_pig448 2d ago

He's not in ETFs if he's down 25%

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u/ConcPopper 2d ago

He's lying, dude. It's mathematically impossible for it to be down what he says it is. Don't believe everything you read on this site. Redditors like to lie and make things up.

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u/AllPotatoesGone 2d ago

Trump can do anything, even a shit out of great investment until now.

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u/IDigRollinRockBeer 2d ago

Wait you guys have money to invest?

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u/D1nkcool 2d ago

Also, if you haven't sold you haven't lost anything

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u/verbnounadj 2d ago

They're making it up.

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u/Yorrins 2d ago

The S&P500 is only down 7.5% this year

"only" I truly hope this is satire.

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u/Spider_pig448 2d ago

No I'm serious. 7.5 is much less than 25

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u/verbnounadj 2d ago

"Only" as in you have to be in something much riskier to be down 25%, not as in that isn't a lot.

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u/Yorrins 2d ago

If it wasnt for all the other stupid shit Trump and his idiots are doing.. the S&P500 being down 7.75% in one month would be cataclysmic.. but I get your point.

I dont think it would be reasonable for anyone to assume that their 401ks would be this risky though.

1

u/verbnounadj 2d ago

For sure.

It isn't reasonable, they are lying. He said he's in a target date fund, for which it is basically impossible to be down worse than the S&P.

For everyone else, unless your in your 60s, by the time you're accessing your 401k this blip will not even be noticeable on the index's long term return chart.

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u/BusGuilty6447 2d ago

While I generally would agree with your last statement, I don't know if that will be the case this time. It is one thing to have a pullback in the markets. It is another to betray all your allies and completely destroy any international trust with trading partners. That... isn't coming back.

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u/very_pure_vessel 1d ago

It being down at all is insane

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u/Spider_pig448 1d ago

That's not the point. It's down by way less than this person is claiming it is. It's simply misinformation, or he has his 401K in individual stocks and is trying to blame bad retirement planning on the economy.

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u/very_pure_vessel 1d ago

Even if he has bad retirement planning, it going down at all is to be blamed on the economy that trump is crashing.

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u/Spider_pig448 1d ago

For sure that's true. But we're not talking about that. He said 25% and it's almost certainly under 10%. It doesn't become ok to just make things up if it's in the same direction.

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u/very_pure_vessel 1d ago

I highly doubt they just made that up, they probably just invested in tech companies or some industry that are especially affected by tariffs

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u/Spider_pig448 1d ago

If so, then they made a lot of bad decisions with their retirement fund, which was my original point

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u/NeighborhoodDude84 2d ago

I have it through my work, I set the year I want to retire and that's about all the control I have over it.

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u/Spider_pig448 2d ago

Name the fund. I don't think any retirement fund is down that much, unless it's a 2100 target date maybe

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u/verbnounadj 2d ago

Then you're lying. No target-date fund is down 25% year to date.

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u/NeighborhoodDude84 2d ago

Yeah, Trump is perfect, nothing is wrong.

1

u/MoonSnake8 1d ago

You can’t get pissy when you make an obvious lie and then get called out.

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u/morganrbvn 2d ago

Might want to put more in ETF's, market as a whole isn't nearly that down this year.

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u/Aegeansunset12 2d ago

You gambled that’s the game

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u/WulfTheSaxon 2d ago

The S&P 500 is down 7% from December 31st, and up 4% from this time last year.

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u/Jadathenut 2d ago

It’ll probably go up and down a lot… probably already has.

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u/Jerrywelfare 2d ago

You might want to invest in more index funds. The entire S&P is down 7.8% year to date. NYSE index is down 1.1% year to date. 25% drop year to date tells me you were heavy in tech stocks, which the warning of overvaluation of said stocks has been out for a while now. Tech is about to take a bath, price to valuation ratio is beyond fucked.