Eh, if you were still doing pretty well if you consider the past 2-3 years. Anyone that bought in in the past 6 months was a fool. Between inflation, the signaling of the Fed, and crazy fundamental analysis figures, it was obvious we had topped out. Anyone that thought they could time it perfectly and squeeze out those last few cents of profit was insane.
They're already stealing our retirements and one day there will be nothing there when it's time to collect. They're hoping to cover it with a war and with "vaccines" that lower the life expectancy so they pay out less, as well as pressuring people into euthanasia. The same people claiming you'll kill grandma for going to the gym or having a beer with friends, will be pushing to kill grandmothers and claiming it's the merciful and right thing to do.
My 401k has lost about 33% of its value since the start of the year. But you know we don’t have any mean tweets so totally worth it right?????? RIGHT ?!?!?!?
Mine is lower than where it was 1 year ago. And that includes 1 years worth of contributions and company match. Fuck the demented empty shit suit and his globalist handlers.
That was my plan many years ago. While co-workers were dumping money in their 401's and other retirement funds, I stopped completely and instead dumped it into my home and paid off other loans. I later sold that home for a big profit and kept all of it because the home was paid off. Then purchased another one in a better state and paid cash. My wife has some in her 401 and I have a small one that I invested in at the very beginning but it's not what we live off of or plan to. Owning my stuff while being debt free has worked out very well (so far).
I am down about the same.And back in January, I dropped my contributions down to the company match level. Now I am pouring that cash on the abode. 54 here with lots of years at my company. The pension would kick in at 55. 18 or so months ago, when Brandon "won" the erection (Schumer) I had this real shitty feeling that I was doomed. Yup, retirement on holdseys. Oh well "take two, and hit to right"...
I know it's hard to do.. but unless you need the money right away, focus on buying stocks cheaper now. You'll be happy you did that years down the road.
At this point I wish I could cash out my goddamned 401k. Mine is down nearly 40%. I feel sick even looking at that. Money that I just have to just watch disappear, because without a legitimate "emergency', I cannot pull it out of there. I'd rather take my fucking money and put it into something useful, than just watch it burn up like this.
Can you take out a 401k loan? (Not sure if all plans have this option...when I did it we could borrow half the balance and have one loan open at a time.)
I meant actually take it out, as in, no longer contribute to this busted ass system.
I'd rather not even contribute but I don't have a choice with my present employer. I can minimize my payments, but there is a minimum that is taken out in my benefits package, and I have to pay a certain amount in order to get their matched contribution.
But then that money is just locked away, and now circling the drain. Just like my social security contributions.
I want out of BOTH busted ass systems, but I have no fucking choice.
It is apparent to me that I will never see a goddamned cent from either of these stupid systems, but yet, I'm forced to contribute anyway.
You do have a choice. Fund families usually include a money market fund or cash/stable value fund that's cost-free to rotate into. You don't have to have things circle the drain if you can rotate your money into these funds.
The tricky part about this is that if you're in cash, you'll miss out on the upside unless you rotate back from your stable value fund back into a fund that mirrors the S&P 500 or segments of the S&P 500.
The conventional wisdom is that you sit on this stuff until you're like 60 and it eventually recovers. I'm not a financial advisor, and this is not financial advice -- but I have little faith in conventional wisdom because most of this upside move was largely (but not entirely) predicated on loose monetary policy. If the paradigm shift is no longer the presence of loose monetary policy, being in cash during a rapid and fast deflationary period makes perfect sense. You'd be bucking the view of what financial advisors would consider a "suitable" investment for you, however.
I don't have any faith in conventional wisdom. Our entire system is being raped in front of us.
I want out of it all entirely. I may end up being the fool and wish I would have kept retirement money when I'm 60 years old, but I knind of doubt it.
I'm more of the notion that I don't believe our currency, or even our country, will exist when I'm 60, and I would be fucking stupid to keep playing this bullshit hoping that maybe one day I'll get to retire and my money will be there.
I'd rather pull it out and buy land or something with it.
Ehh, I'm middle of my career/life. So I dunno, we'll see. I'm too old to start over and do something else, but too young to bank on social security or even now my retirement being around.
It's a shit sandwich.
Luckily, though, I was smart enough to not bank on money alone. I've seen the writing on the wall for several years now. I started making moves to get myself independent and be able to live pretty comfortably off grid and not depend on money, job, or even society. I could quit and be fine today if I wanted to. About the only thing I am not 100% sustainable on would be internet, and even then, I could get satellite on my little homestead, it wouldn't cost too much.
But I digress... The point is, I still want to be able to use my money, that's the whole point of me still working and trying to put shit back. Because I still want to invest in some more creature comforts before I go Galt and walk away. It sucks ass to see money that I can't even fucking touch yet just dissolve.
Maybe the smart thing to do is cut bait and leave while I'm still ahead.
Pay off debt feels good. If you have cash earning little to nothing pay it off. But keep 6-12 months of cash for your expenses. Otherwise refinance at a low fixed rate if they still exist and enjoy it ! Itemized deductions are fun
Everyone... contribute twice as much. Don't listen to Trolls like u/sisterCovfefe buying the dips / sell off is the best thing you can financially do at this time. If you contribute 5% make it 10% if it's 10% make it 15 or 20% also. Take more stock exposure , more risk lots of diversification
I took out a 10k 401k loan just to get it out of the market, it'll be worth more to me now than watching it spiral into nothing. Wish I would have taken more honestly.
You can rotate it into a cash or cash-like fund to prevent losses, fyi. The thing about bear market rallies is that they have historically been pretty powerful bounces off the bottom. However, the fed isn't around to provide the bounce, so who knows. Time your rotations well, I guess.
I recently installed a large propane fueled generator (I have a pretty big house) and a big propane tank underground.
Also installed an outdoor kitchen which ties in to the proane tank. I'm looking into what the laws are to get an even bigger tank. The way shit is getting fucked, I want to know I can power the house - at least the basics - even if the grid is fucked. It gives me peace of mind.
Also outfitted my garage as a really nice home gym with a big TV and fancy rubber flooring.
Point is, you may want to consider spending the money on your house and upgrading your at-home lifestyle. You have to live, after all.
I'm in the same boat as you. Lost a significant portion, but honestly, it's imaginary money at this point. I'm young and have lived by the motto I'll be well off or in the breadlines with everyone else.
It's just a pyramid scheme, or was it a casino as someone else called it?
Chances are, your retirement time horizon is still far away, and you'll be better off not looking at the balance and just stick with your contributions.
If you didn't spot the top, you likely won't spot the bottom either... don't feel bad about it, only insiders get the timing right anyway.
87 seemed like the end. 00 seemed like the end. 08 seemed like the end. 2020 seemed like the end (for a couple days). Crashes always seem like the end every single time - but the world keeps turning (either that or everybody dies and it's a moot point).
You'll come out the other side just as the fed starts to blow the next bubble.
I'm coming from the position that I do not believe the US dollar, nor even the US, will be in existence by the time I am ready to retire. I would rather take my money out entirely and put it into something tangible, like land, instead of getting fucked over and stuck holding the bag.
I lived through those years, and I can tell you, that the "end times" people might have felt is nothing like what's going on now. I never would have dreamed about taking my money out of the market in 00, 08, or 2020. But now? I'm finally done. I've finally come to the realization that this shitshow is over and we're not going to last.
But remember you haven’t lost anything until you sell those shares of whatever you own. Your only poorer on paper provided that your not close to retirement.
Interesting. I’m black pilled as it gets after the stolen election and “Republicans” covering it up. I think things will get awful, same as you, and the normie will be enraged, same as you. But I think the normie is retarded and has been brainwashed by tekevision since birth to want Communism. I think maybe some politicians will get hurt in ways they weren’t able to predict, sure, but ultimately they’ll get the Communist revolution they wanted. I guess you just have more faith in the average person than I do. I remember watching normies burn city blocks down after Fentanyl Floyd. I imagine it’ll go the same way here. Look at Reddit, millions of retards blaming what’s going on right now on “Capitalism” and they’ll report you and get you banned for pointing out anything brandon does that’s contributing to it.
I never said there wouldn't be a fight, cause there very well might be one
but at the end of the day none of these people - NONE of them believe what they are saying, nor do they understand why they are believing it
The moment it requires them to sacrifice something (im talking about average joe, not the dregs who have nothing to sacrifice) ,is the moment they drop the schtick and push back - even in the smallest of ways
The left is confused. They think these oppressors are fat cats in suits sitting inside mansions. The fat cats can't oppress us without the normies doing their bidding. So, in the ultimate sense, the people who actually keep us down and oppressed are the normie idiots running around brainwashed.
And don’t you dare question us About our former claims that will shut down the Covid virus, inflation is transitory, or things like that. It’s now racist, you bigot!
It's not the WH job to make the stock market always go up.
It's a stupidly overvalued bubble, valuations were ridiculous. Not only had fundamentals ceased to matter, but also basic principles (does this company actually do anything? Will this company ever be profitable?) had gone out the window.
It’s really shitty for the people who worked thinking they were getting a retirement. But, just looking at the numbers it would never work out. Lots of pensions you get 75% of your top 3 years. People retire at 55 and live till they’re 85. So people will make more in retirement than they made their whole working life. Not to mention double dipping. It’s a ponzu scheme.
They don't care, this is the goal of the UniParty, destroy all of our savings, have the economy crash, recession/depression, inflation, and siphon money to forever wars to line their pockets and finance their programs that will outlive any administration.
There is no Democrat or Republican distinction, they are all the same beast and the beast wants to devour the American middle class and replace us with cheap, obedient workers from the third world.
Once they all signed off on the November 3rd steal, they checked out and they are just in it for the grift and get as much wealth as possible during the Puppet Presidency because there are no rules or checks and balances. They sold out and now it is the World Economic Forum and the CCP that is going to rule over all of us.
I remember guys I worked with pulling out of their 401k back in 2008 during that nightmare. Their accounts were down so far, they took the penalty, drained it empty and never contributed again. Meanwhile, the guys that didn’t do that, just kept contributing like normal. A couple of years later, those guys were completely recovered. Contribute hard and buy shares while they are low! It’s hard to do, but what else are you gonna do? I’m all in or nothing
They don’t care about a damn thing other than winning the next election. They just voted themselves a 21% compensation increase, plus all the other handouts and influence peddling kickbacks, so they will do fine. They don’t care about you or American families as they are importing millions of ‘new’ Americans illegally at the border to keep themselves in power as your prosperity and families suffer. It’s all Build Back Better (for them that is).
Time to make our own country and let them die in the shithole they created. Try squeezing blood from a turnip when all you have left are welfares and illegals.
The United States Thrift Savings Plan (TSP) sent me a letter in early May stating that their website will be down for maintenance from May 16 until the first week in June 2022. Now, think about that for a minute. If on the 17th of May the stock market begins to tank then NOBODY can take their money out of the fund nor can they do interfund transactions into bonds. So, if you didn't move your retirement funds into bonds you are going to ride the slide down until sometime in June. You could well have a huge portion of your retirement evaporate because you cannot move it nor withdraw it. How can a federal agency not figure out how to update their website overnight, instead of having to take two weeks or longer? Seems like a planned fund reduction, huh?
Correct. This is precisely what banks do during “holidays” and financial places like Robinhood does when citizens trade meme stock. It locks your capital away from you
OK first, they shouldn't be watching stickers regularly. The fact that people chose the stock market for retirement is on all of us. True there weren't a lot of options maybe but we chose that foolishly.
Second, how many generations in history have retired? That's right, maybe 2. It's not the natural state of affairs and never has been so if my dad and grandma retired it doesn't mean their parents ever did or that every gets to in perpetuity. We have been spoiled in this generation and seem not to realize.
I'm upset about a lot of things but I place blame where it belongs and I am partly to blame if I decided I deserved to retire someday and banked it entirely on the stock market. I want the government to deal with big issues, not be concerned with how we chose to dream of a soft retirement that nobody on earth ever gets.
Great and I hope you do soon and happily but that's not really the concern of the government. I want them to merely concentrate on clearing the roadblocks they created for you through their own actions.
The concept of coast fire is rising with younger generations. The younger generations realize that you can only sem retire and it is better to work a job you like with hours and days on your terms.
This is because 401ks and social security are simply not enough unless you are ultra aggressive. But even then most funds after 60+ are used on medical care and that will eat into any well planned retirement strategy. So being semi retired with a proper health plan from work is what the younger generations are embracing.
“Give me control of a nation's money and I care not who makes the laws.”
~ Mayer Amschel Rothschild
[Mayer Amschel Bauer] (1744 -1812), Godfather of the Rothschild Banking Cartel of Europe in 'The Creature from Jekyll Island' (American Opinion Publishing), p. 218
Watch now they'll pretend to care and print another $10 billion in checks and mass mail them out to a bunch of invalid addresses for rampant fraud and illegals to cash in, fanning inflation and making citizens poorer than ever. They seriously are that stupid.
Is that bitches right eye wandering? Maybe I'm just drunk but... nah it's wandering and she just said this administration doesn't keep an eye on the markets everyday.....
Politicians fucking suck. They've been stealing and laundering our money forever now. Imagine how great America would be if these fucking piece of shit politicians didn't steal our money?
Why would they want you to retire?
Just take the blue pill and die.
Who needs a retirement after WW3?
Take the poison pill and die
At this point I welcome death because I’m ready to go to heaven and leave this gay earth
Hahaha very well said, same
Are you an N-word with cyborg add ons or are you a cyborg with a record?
I'm just glad I'm clot shot and waiting for mUh nExT bOosTer
Take the dog pill first.
aka get vacced like in cuomos homes
It's truly unfortunate that you missed the overture.
They just want you to die
I’ll be glad to meet my maker but I will make sure I don’t go alone.
First you have to ritually debase yourself and cast shame upon your 'privileged' children, then sign over everything you've ever owned, THEN die.
Eh, if you were still doing pretty well if you consider the past 2-3 years. Anyone that bought in in the past 6 months was a fool. Between inflation, the signaling of the Fed, and crazy fundamental analysis figures, it was obvious we had topped out. Anyone that thought they could time it perfectly and squeeze out those last few cents of profit was insane.
Sad part is if you cashed out in december you still and continue to lose value at “8%”-ish inflation
And the forced capital gains tax from December took as much as any losses incurred so far.
I bought my Roth IRA in January, grand scheme $12k isn’t much though
They're already stealing our retirements and one day there will be nothing there when it's time to collect. They're hoping to cover it with a war and with "vaccines" that lower the life expectancy so they pay out less, as well as pressuring people into euthanasia. The same people claiming you'll kill grandma for going to the gym or having a beer with friends, will be pushing to kill grandmothers and claiming it's the merciful and right thing to do.
They should make being fully vaxed and boosted a requirement to collect Social Security!
Downvotes? Come on, you know they strongly considered it!
Well that will cut down on distributions!
My 401k has lost about 33% of its value since the start of the year. But you know we don’t have any mean tweets so totally worth it right?????? RIGHT ?!?!?!?
Mine is lower than where it was 1 year ago. And that includes 1 years worth of contributions and company match. Fuck the demented empty shit suit and his globalist handlers.
I'm lucking out so far at only -11.2%, but holy fuck...
1000% glad right now that I sink most of my contribution money into paying off the homestead...
That was my plan many years ago. While co-workers were dumping money in their 401's and other retirement funds, I stopped completely and instead dumped it into my home and paid off other loans. I later sold that home for a big profit and kept all of it because the home was paid off. Then purchased another one in a better state and paid cash. My wife has some in her 401 and I have a small one that I invested in at the very beginning but it's not what we live off of or plan to. Owning my stuff while being debt free has worked out very well (so far).
Smart man
57%
57%
I'm done
I am down about the same.And back in January, I dropped my contributions down to the company match level. Now I am pouring that cash on the abode. 54 here with lots of years at my company. The pension would kick in at 55. 18 or so months ago, when Brandon "won" the erection (Schumer) I had this real shitty feeling that I was doomed. Yup, retirement on holdseys. Oh well "take two, and hit to right"...
I know it's hard to do.. but unless you need the money right away, focus on buying stocks cheaper now. You'll be happy you did that years down the road.
You assume we're at the bottom?
Look at the bright side, your gas prices are up 100% so the net-net is you're up 67% under build back better
Lib Logic -
holy shit, biden saved you .16 cents on july fourth, you heckin ungreatful fuck
I could see AOC unironically tweeting this out.
Yep. 66.6%
At this point I wish I could cash out my goddamned 401k. Mine is down nearly 40%. I feel sick even looking at that. Money that I just have to just watch disappear, because without a legitimate "emergency', I cannot pull it out of there. I'd rather take my fucking money and put it into something useful, than just watch it burn up like this.
Can you take out a 401k loan? (Not sure if all plans have this option...when I did it we could borrow half the balance and have one loan open at a time.)
Move the balance to whatever you feel is safest.
You'd have the cash and pay yourself back.
I meant actually take it out, as in, no longer contribute to this busted ass system.
I'd rather not even contribute but I don't have a choice with my present employer. I can minimize my payments, but there is a minimum that is taken out in my benefits package, and I have to pay a certain amount in order to get their matched contribution.
But then that money is just locked away, and now circling the drain. Just like my social security contributions.
I want out of BOTH busted ass systems, but I have no fucking choice.
It is apparent to me that I will never see a goddamned cent from either of these stupid systems, but yet, I'm forced to contribute anyway.
You do have a choice. Fund families usually include a money market fund or cash/stable value fund that's cost-free to rotate into. You don't have to have things circle the drain if you can rotate your money into these funds.
The tricky part about this is that if you're in cash, you'll miss out on the upside unless you rotate back from your stable value fund back into a fund that mirrors the S&P 500 or segments of the S&P 500.
The conventional wisdom is that you sit on this stuff until you're like 60 and it eventually recovers. I'm not a financial advisor, and this is not financial advice -- but I have little faith in conventional wisdom because most of this upside move was largely (but not entirely) predicated on loose monetary policy. If the paradigm shift is no longer the presence of loose monetary policy, being in cash during a rapid and fast deflationary period makes perfect sense. You'd be bucking the view of what financial advisors would consider a "suitable" investment for you, however.
I don't have any faith in conventional wisdom. Our entire system is being raped in front of us.
I want out of it all entirely. I may end up being the fool and wish I would have kept retirement money when I'm 60 years old, but I knind of doubt it.
I'm more of the notion that I don't believe our currency, or even our country, will exist when I'm 60, and I would be fucking stupid to keep playing this bullshit hoping that maybe one day I'll get to retire and my money will be there.
I'd rather pull it out and buy land or something with it.
I worked with guys that said the same things and cashed out during the dot com bust.
I didn't and bought more stock. Result? They are still slaving away, and I retired by 47....
Food for thought.
That sucks.
Minimize your contribution and ride it out.
Hopefully you're young enough to gain your losses back.
Ehh, I'm middle of my career/life. So I dunno, we'll see. I'm too old to start over and do something else, but too young to bank on social security or even now my retirement being around.
It's a shit sandwich.
Luckily, though, I was smart enough to not bank on money alone. I've seen the writing on the wall for several years now. I started making moves to get myself independent and be able to live pretty comfortably off grid and not depend on money, job, or even society. I could quit and be fine today if I wanted to. About the only thing I am not 100% sustainable on would be internet, and even then, I could get satellite on my little homestead, it wouldn't cost too much.
But I digress... The point is, I still want to be able to use my money, that's the whole point of me still working and trying to put shit back. Because I still want to invest in some more creature comforts before I go Galt and walk away. It sucks ass to see money that I can't even fucking touch yet just dissolve.
Maybe the smart thing to do is cut bait and leave while I'm still ahead.
I sympathize.
I'm trying to decide whether or not to pay off my house or recast the mortgage.
Pay off debt feels good. If you have cash earning little to nothing pay it off. But keep 6-12 months of cash for your expenses. Otherwise refinance at a low fixed rate if they still exist and enjoy it ! Itemized deductions are fun
Don't minimize your contribution, and especially don't go liquidating because the bubble began to pop.
Of everything you have in the system, your 401K is your single most legally sheltered and protected asset.
Every crash always seems like the end, but the fed will simply blow another bubble.
It's a never ending job for us to teach them or to prevent the bad advice lol. Story of our lives
Worst Advice Ever !
Everyone... contribute twice as much. Don't listen to Trolls like u/sisterCovfefe buying the dips / sell off is the best thing you can financially do at this time. If you contribute 5% make it 10% if it's 10% make it 15 or 20% also. Take more stock exposure , more risk lots of diversification
That is what I am doing because I am better prepared this time around unlike 2008. Also I am young enough where I can hold long term.
But not everyone is in such a financial position given inflation, increasing housing/rent costs and the 401ks cratering.
I took out a 10k 401k loan just to get it out of the market, it'll be worth more to me now than watching it spiral into nothing. Wish I would have taken more honestly.
I get it.
My funds rolled over into an IRA. I'm trying to hold on until June when I'll be 59 1/2 in order to avoid the withdrawal penalty.
Could do I series bonds, they pay like 9% right now
That's exactly what I did 6 months ago. I took about 50% out on a 5 year loan. Remind me in 5 years, I'll let you know what happened.
I'm banking on the fact that if things get better, I can pay off early with no penalty. Plus, the interest on the loan just goes into the 401k itself.
It feels like a weird hedge. /shrug/
You can rotate it into a cash or cash-like fund to prevent losses, fyi. The thing about bear market rallies is that they have historically been pretty powerful bounces off the bottom. However, the fed isn't around to provide the bounce, so who knows. Time your rotations well, I guess.
Tell me more about this.
Same I got like 50k in cash I need to do something with
I recently installed a large propane fueled generator (I have a pretty big house) and a big propane tank underground.
Also installed an outdoor kitchen which ties in to the proane tank. I'm looking into what the laws are to get an even bigger tank. The way shit is getting fucked, I want to know I can power the house - at least the basics - even if the grid is fucked. It gives me peace of mind.
Also outfitted my garage as a really nice home gym with a big TV and fancy rubber flooring.
Point is, you may want to consider spending the money on your house and upgrading your at-home lifestyle. You have to live, after all.
I would prefer to cash it all out and buy land. Land is always a secure investment. It never goes down in value.
I'm jaded on traditional investments now.
I only want shit I can touch from here on out.
Land, guns, ammo, liquor, etc.
I'm in the same boat as you. Lost a significant portion, but honestly, it's imaginary money at this point. I'm young and have lived by the motto I'll be well off or in the breadlines with everyone else.
It's just a pyramid scheme, or was it a casino as someone else called it?
Chances are, your retirement time horizon is still far away, and you'll be better off not looking at the balance and just stick with your contributions.
If you didn't spot the top, you likely won't spot the bottom either... don't feel bad about it, only insiders get the timing right anyway.
87 seemed like the end. 00 seemed like the end. 08 seemed like the end. 2020 seemed like the end (for a couple days). Crashes always seem like the end every single time - but the world keeps turning (either that or everybody dies and it's a moot point).
You'll come out the other side just as the fed starts to blow the next bubble.
You misunderstand me.
I'm coming from the position that I do not believe the US dollar, nor even the US, will be in existence by the time I am ready to retire. I would rather take my money out entirely and put it into something tangible, like land, instead of getting fucked over and stuck holding the bag.
I lived through those years, and I can tell you, that the "end times" people might have felt is nothing like what's going on now. I never would have dreamed about taking my money out of the market in 00, 08, or 2020. But now? I'm finally done. I've finally come to the realization that this shitshow is over and we're not going to last.
It was a good run, but I'm over it.
But remember you haven’t lost anything until you sell those shares of whatever you own. Your only poorer on paper provided that your not close to retirement.
I'll take mean-tweet competence over politically-correct buffoonery any day!
Not lost. Stolen.
The WH isn’t paying attention to any of the important issues Americans are facing.
Which is why I'm as white pilled as they get
The normie will see their world crumble and it will all become self evident
The establishment will try to control where the normie channels the anger, but it never works that way
Man plans, God laughs
Interesting. I’m black pilled as it gets after the stolen election and “Republicans” covering it up. I think things will get awful, same as you, and the normie will be enraged, same as you. But I think the normie is retarded and has been brainwashed by tekevision since birth to want Communism. I think maybe some politicians will get hurt in ways they weren’t able to predict, sure, but ultimately they’ll get the Communist revolution they wanted. I guess you just have more faith in the average person than I do. I remember watching normies burn city blocks down after Fentanyl Floyd. I imagine it’ll go the same way here. Look at Reddit, millions of retards blaming what’s going on right now on “Capitalism” and they’ll report you and get you banned for pointing out anything brandon does that’s contributing to it.
stop paying attention to the gaslighting
start looking around you
I never said there wouldn't be a fight, cause there very well might be one
but at the end of the day none of these people - NONE of them believe what they are saying, nor do they understand why they are believing it
The moment it requires them to sacrifice something (im talking about average joe, not the dregs who have nothing to sacrifice) ,is the moment they drop the schtick and push back - even in the smallest of ways
you'd be surprised how even retards aren't stupid
The left is confused. They think these oppressors are fat cats in suits sitting inside mansions. The fat cats can't oppress us without the normies doing their bidding. So, in the ultimate sense, the people who actually keep us down and oppressed are the normie idiots running around brainwashed.
It’s all distressingly predictable.
I’d be less angry about it if I didn’t have small kids.
Covid - Nothing we can do.
Afghanistan Withdrawal - Trump laid out the plan, our hands were tied.
Gas Prices - But Putin! We can't do anything.
Inflation - Cut your costs!
Immigration - ........
Black mass murderers - We can't go visit that community, too expensive!
White mass murderers - Fire up the jet! I've got to tell everyone about Beau!
And don’t you dare question us About our former claims that will shut down the Covid virus, inflation is transitory, or things like that. It’s now racist, you bigot!
Gas prices... Putin's fault and buy a Tesla you idiots.
immigration - kamala is the border czar!!
Immigration - the border is secure!
You’re telling me trans matters aren’t important?!?
You must love Putin and a white extremist nationalist
It's not the WH job to make the stock market always go up.
It's a stupidly overvalued bubble, valuations were ridiculous. Not only had fundamentals ceased to matter, but also basic principles (does this company actually do anything? Will this company ever be profitable?) had gone out the window.
Thats pretty fucking convenient for them. But when 45 was in, any down turn in the markets was directly his fault. Fuck these liars and schemers.
The illegitimate Whitehouse doesn't give a fuck it's what they want
White House is only focused on hiring the lowest IQ, brainwashed, retarded diversity hires they can get their hands on in (or in).
Why would they not be paying attention? It is working exactly as planned.
How can anyone spend anytime worrying about the economy when their are latinx trans genderqueer immigrant children on the border?
I have SS but I have no defined pension plan and am not a rich govt retiree.....I worked decades to save and invest and this is what I get.....
sure...dollar cost averaging...mutual funds...set aside money every paycheck...blah...blah...blah....
Those pension plans will collapse too.
It’s really shitty for the people who worked thinking they were getting a retirement. But, just looking at the numbers it would never work out. Lots of pensions you get 75% of your top 3 years. People retire at 55 and live till they’re 85. So people will make more in retirement than they made their whole working life. Not to mention double dipping. It’s a ponzu scheme.
I'd argue American's retirements are being wiped out BECAUSE of White House attention as per the instructions of their masters.
Exactly… the last thing I want right now is the government trying to “fix” this horrible situation
Buckwheat
They don't care, this is the goal of the UniParty, destroy all of our savings, have the economy crash, recession/depression, inflation, and siphon money to forever wars to line their pockets and finance their programs that will outlive any administration.
There is no Democrat or Republican distinction, they are all the same beast and the beast wants to devour the American middle class and replace us with cheap, obedient workers from the third world.
Once they all signed off on the November 3rd steal, they checked out and they are just in it for the grift and get as much wealth as possible during the Puppet Presidency because there are no rules or checks and balances. They sold out and now it is the World Economic Forum and the CCP that is going to rule over all of us.
The second time for some of us.
I remember guys I worked with pulling out of their 401k back in 2008 during that nightmare. Their accounts were down so far, they took the penalty, drained it empty and never contributed again. Meanwhile, the guys that didn’t do that, just kept contributing like normal. A couple of years later, those guys were completely recovered. Contribute hard and buy shares while they are low! It’s hard to do, but what else are you gonna do? I’m all in or nothing
Always buy the dip. If it completely crashes, you’ve got bigger fish to fry than worrying about fiat currency
They don’t care about a damn thing other than winning the next election. They just voted themselves a 21% compensation increase, plus all the other handouts and influence peddling kickbacks, so they will do fine. They don’t care about you or American families as they are importing millions of ‘new’ Americans illegally at the border to keep themselves in power as your prosperity and families suffer. It’s all Build Back Better (for them that is).
Time to make our own country and let them die in the shithole they created. Try squeezing blood from a turnip when all you have left are welfares and illegals.
Time to go into paper ballots, hand counted, with both parties represented in the counting room.
I know boomers that voted for Joe.
Fuck em.
Anyone want to start Guillotine factory? For a thing...
The United States Thrift Savings Plan (TSP) sent me a letter in early May stating that their website will be down for maintenance from May 16 until the first week in June 2022. Now, think about that for a minute. If on the 17th of May the stock market begins to tank then NOBODY can take their money out of the fund nor can they do interfund transactions into bonds. So, if you didn't move your retirement funds into bonds you are going to ride the slide down until sometime in June. You could well have a huge portion of your retirement evaporate because you cannot move it nor withdraw it. How can a federal agency not figure out how to update their website overnight, instead of having to take two weeks or longer? Seems like a planned fund reduction, huh?
Correct. This is precisely what banks do during “holidays” and financial places like Robinhood does when citizens trade meme stock. It locks your capital away from you
Remember when the left wanted to get at those 401k unrealized gains? They kinda accomplished that over the past few months
“Fuck the peasants, its not our problem”
"the fed chair"
pile on another person to blame.
"It wasn't me!" administration
They fucking know... that's the fucking plan.
OK first, they shouldn't be watching stickers regularly. The fact that people chose the stock market for retirement is on all of us. True there weren't a lot of options maybe but we chose that foolishly.
Second, how many generations in history have retired? That's right, maybe 2. It's not the natural state of affairs and never has been so if my dad and grandma retired it doesn't mean their parents ever did or that every gets to in perpetuity. We have been spoiled in this generation and seem not to realize.
I'm upset about a lot of things but I place blame where it belongs and I am partly to blame if I decided I deserved to retire someday and banked it entirely on the stock market. I want the government to deal with big issues, not be concerned with how we chose to dream of a soft retirement that nobody on earth ever gets.
I'm going to retire
Great and I hope you do soon and happily but that's not really the concern of the government. I want them to merely concentrate on clearing the roadblocks they created for you through their own actions.
The concept of coast fire is rising with younger generations. The younger generations realize that you can only sem retire and it is better to work a job you like with hours and days on your terms.
This is because 401ks and social security are simply not enough unless you are ultra aggressive. But even then most funds after 60+ are used on medical care and that will eat into any well planned retirement strategy. So being semi retired with a proper health plan from work is what the younger generations are embracing.
They want it all. They’ll come for everything. You’ll own nothing.
Don't take the bait on this one... I don't see much wrong with her words etc. The truth is the Fed... answers to nobody. That's fucking Insane.
They control our Money and they are creating this problem.
It's outrageous, nobody can tell them what to do. They answer to nobody and run Rouge
“Give me control of a nation's money and I care not who makes the laws.”
~ Mayer Amschel Rothschild
[Mayer Amschel Bauer] (1744 -1812), Godfather of the Rothschild Banking Cartel of Europe in 'The Creature from Jekyll Island' (American Opinion Publishing), p. 218
No they don't. They answer to nobody. They make their own rules and do what they want. Literally
That's okay you're a faggot with a low iq. Maybe you'd be better off sucking dick for money
The central bank is more powerful than governments. They control it all
Just invest in reverse ESG index funds. It's almost a guaranteed win.
Is this a thing?
ESG is only picking up steam and becoming all but required for large companies
I know what ESG is.
I'm asking if reverse ESG indexes exist.
Of course not. Why would you? It's not like a functioning economy is important to national interests or anything.
Stocks to ZERO
This is part of their plan
Ouch that sucks.
Obama, Biden and Clinton are wiping out American retirement plans straight into their own pockets.
Watch now they'll pretend to care and print another $10 billion in checks and mass mail them out to a bunch of invalid addresses for rampant fraud and illegals to cash in, fanning inflation and making citizens poorer than ever. They seriously are that stupid.
Is that bitches right eye wandering? Maybe I'm just drunk but... nah it's wandering and she just said this administration doesn't keep an eye on the markets everyday.....
Fiduciary responsibility on par with all the others.
Dems are gonna now explain to you how "The Stock Market isnt the economy, god ur so stoopid"
zzzzzzzz
Yes, they are. It's their plan.
That's why Jho gets his 10% up front.... you stupid bastards
🤦
Then maybe THEY SHOULD pay attention to it since it's a reflection of ALL the decisions and spending, etc. that the Biden regime is making & doing.
Make John Brown great again!
"Paying Attention" = Doesn't Give a Shit...
"White House Isn't Paying Attention..."
You could have stopped there.
The market will bounce back. Buy in now while it’s on sale. 2024 we ride again
Politicians fucking suck. They've been stealing and laundering our money forever now. Imagine how great America would be if these fucking piece of shit politicians didn't steal our money?
But thank GOD! We don’t have anymore MEAN TWEETS! 🥳
That's what the vax was for....
Dow over or under 20,000 by Election Day?