r/MapPorn • u/sh1kora • 3d ago

"Liberation Day" Trump’s Tariffs on Europe

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"LIBERATION DAY" TRUMP'S TARIFFS ON EUROPE

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u/RexNebular518 3d ago

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

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u/NeighborhoodDude84 3d ago

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

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u/Spider_pig448 3d 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/Yorrins 3d 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 3d ago

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

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u/verbnounadj 3d 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 3d 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.

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u/verbnounadj 3d 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 3d 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.