really looking forward to when crash wipes out my retirement savings
Reposted from
Brendan Duke
Oh dear it appears they are serious about the 20% across-the-board tariff.
www.wsj.com/politics/pol...
www.wsj.com/politics/pol...
Comments
Perhaps investigate if there is a low risk option in your 529 plan?
Ain't that nice?
America First is America Alone.
Or are the tariffs meant to be long-term, to provide revenue that would lower our tax burden?
Schrödinger's tariffs, apparently.
Honoring the USMCA,which he negotiated & loudly signed should be honored
China subsidizes their exports.
I buy stuff for $10 that ships for free & arrives in 2 weeks
I don't know if anyone has worked through the relative risk levels of assets if stuff really starts tanking into a recession.
I have just been trying to hedge as I see the fundamentals crumbling (it is tricky). But I am concerned that the market could easily see a 10-20% drop even from here.
There's a non-zero chance of that happening, though!
It's easy to break things. It's hard to put them back together.
This is the 21st century. Police states are different.
Controlling people today is going to be done electronically. And it going to insert itself in between you and your wealth.
It will determine if you are friend or foe to "the state".
Foe, your cards turn off...
In Trump We Trust (currency motto)
will somehow be part of the scheme.
I KNEW that I should have changed careers after 9/11 and moved to Canada. 🤦
Hello 401k administrator: do I still have an investment left? can you move it into bonds?
Unfortunately, any investment in the S&P 500 invests in $TSLA.
There are other indexes people can choose for equity exposure, but I'm going bonds.
Now we get Trump's economy and I'll probably end up bankrupt along with a lot of other people
Lather
Rince
etc
More tariffs?
Maybe they think that by being 1000x richer than everyone else, they will remain 1000x richer with an economy to the ground, and eventually everyone else would thus accept anything from them.
But oligarchs would still be pretty much ok, like “normal” people today. Plus they would still have all property and could thus decide everything.
I’m just speculating. But I just can’t wrap my head otherwise right now.
I don't see that happening
Tell the public that tariffs are taxing foreign nations.
The US is losing the battle against GREED.
Just wonderin'
Current trajectory already points towards really bad recession and/or depression!
Deposits and dividends: $14,900
Withdrawals: $0
Change in value: +$1400
And he’s only got about 50% in stocks at this point.
I'm good, right?
He's going to crash the economy trying to cut his own taxes.
Oh, I’m getting news that we’re just screwed
'cause I expect a bumpy ride
there's a cat food sold at costco that's called maintenance cat, and it's so bad the feral cats won't touch it, and I always think it's for commercial cat farmers or something.
anyway, if you come up with a business model, let me know. too many cats.
He’s settling scores like a capo di tutti capi in his second term.
1) supporters will think it sounds good on paper and never scrutinize it further.
2) the knock-on effects of bad policy will be ignored by supporters because they assumed they understood what they read on paper.
I hate it.
Sold everything and have it banked as cash
Need the market to go down another ten percent at.least
Still sucks.
Holding cash is losing money to inflation, too. Bonds have their own risks. Oh well
Find another place to stash it- overseas? A trip to Canada maybe? 🤔
*yeah, if it all collapses..
I do believe that cracking NATO may be hard to come back from — but the U.S. market sans-tariffs will always be worthwhile
It is a duty/tax levied on an imported product paid by the US importer, then passed along to the American consumer as a higher price for that product
Americans, and only Americans, will pay for tRump's tariffs
We have a dumbass leading us to doomsday
Really counted on one, or perhaps two more years before retirement. But if I don't have the $$ .....
Ask me about our stock investments over the years & how we personally tanked the .com bubble.