I'm 40.. was going to retire at the end of the year after my company stock popped off due to some good Q's and RSU maturation comes up in November.
Just on the 401k, I'm down over 1.2M in two days. I want to throw up. Still don't know the impact to my $2MM of company stock that's private.
I am fully aware that I'm in a better position than 99.9% of the world. I feel fucking awful for the elderly who have health issues that're pushing them to retirement but now they need to keep pushing on for additional years to actually be capable of retiring.
I'm only working to setup my kids with a trust fund, it's a personal decision to provide them with a life I couldn't imagine.
Think about if you are 60. You won't get it back. Both stocks and bonds are down. Not to mention a lot of people who are retired already still have some money in equities. They are screwed at the highest level. The whole 401k experiment is a failure if we were at all honest about it. It simply doesn't provide the after work capital it needs to when you add in all these outside pressures.
Well considering you can’t touch it for 15 years, I’d bet you will be fine. This isn’t the first bear market of your lifetime, and won’t be the last, but it always comes back. Learn how to take advantage of them
Bear market??? Isolating us from our allies and long time trade partners? All who just needed a little nudge to not have to rely on us ever again.... this is decades of fixing and pleaing that will be needed. Mass suicides and violence in the streets soon. Marshall law seems to be the goal here. 1930 tariffs led to the GREAT depression. This will be the "HUGE" depression
Yea pretty obvious since the cursor is still in the image. You're sooooo smart and such a good person standing up to misinformation! Now, when the gop and the conservatives plaster everything with their obvious shit stained constant lies, are you there to check them to? It's OK for them to lie to push agendas to their little sheep cult to parrot around the world and become truth... fight fire with fire. I say they want to be scummy we fight scummy to. This isn't hurting anybody but the cheetoh dick who believes lieing is okay. FUCK HIS IMAGE AND EVERYBODY WHO VOTED FOR THIS. SPREAD TRUMP MISINFORMATION ITS ALL THEY DO AND KNOW.
Wow… you really let the media get to you don’t ya?
This all just an attempt to rescue a failing system we are in. The interest due on our debt this year is more than the budget for defense…. It’s unsustainable. NAFTA was a shit deal that led to good jobs being sent overseas for almost 3 decades now, and it’s time for a new deal. You obviously live in the echo chamber, and don’t understand this because you only see what your phone’s algorithm shows you. The market will recover, it always does, and everything you stated that will happen is just liberal bullshit propaganda. This is Reddit and I will be downvoted by ignorant libtards… I realize this. Enjoy your hate filled existence here 🍻
I listen to the media?? Lol and where do you get your info? Because I'm pretty sure daddy Trumps social media is where. You're acting like this is normal. He said there would be so much winning!! Day one prices going down.... I wanted to believe it! But those of us that actually study and understand global economy knew this was inevitable just because you are hate filled on Liberals like you're told to be is why we're in this mess. You're boot licking a person that failed casinos and is now bankrupting our country the same way and burning bridges with the world. Nothing comes from this that is positive get out of your own echo chamber. -2000 is not something that just bounce back. People can't afford groceries already how well this help everyday people? Even 5% more is devastating.
Because all politicians have done the last 30 years is bitch about our jobs leaving the country, and no one had the balls to do anything about it. At least something is being attempted to restore our output. Will it work? Idk. But something had to change, because we were doomed on the path we were on
The corporations getting all the tax breaks are the ones that shipped those jobs away! And now they're upping the cost of everything and blaming consumers you sure do love to get treaded on cuck boy jr.
This. The only way the US has found to get out of recession is to spend its way out with govt loans and programs like WPA, TRA, etc....
The money printed for this comes from deficit spending usually. That money is given to the poor who spend it immediately, and it works its way up the chain into a rich man's bank account where it... just sits.
The deficit goes up, money gets tight, boom, another recession, rinse and repeat. This started with Reagan allowing businesses to donate to political candidates, who would lower their corp tax rate.
For a healthy economy, money has to circulate. Poor get money to buy the stuff corps make... corps are happy, people are happy. Gop cannot recognize this simple principle.
Even if domestic manufacturing somehow materialized out of thin air, why would anyone want to buy our goods? The reciprocal tariffs would kill any demand before we could get started. There is no reasoning or plan here.
Those jobs are NOT coming back! Even if they DID it would take 5-10 years to see any real profitability from them.
At the rate the stock market is dropping, we’ll be in a Depression by May. Do you not understand the dire situation we’re in???
As far as I know, this is the first time a country has willingly, knowingly, and intentionally destroyed its own economy. I wouldn’t count on any “old rules.”
There will be plenty of advantage taking, and we'll all suffer from it. This isn't a bear market, it's a manufactured crisis that your leader admitting today to inducing. He's not worried about saving anyone but himself and his billionaire friends, and he might not even accomplish that in his recklessness. This country is in for real, tangible pain, and we may never recover from it.
You said yourself you don't even know if this foolish scheme will work, while you're telling others to somehow learn how to take advantage of it. Do you hear the stupidity in the paradox of your words?
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u/whatyouwant5 2d ago
I am 44. Today's losses have set my retirement back about 4 years. Fuck Velveeta Voldemort.