When the fecal matter hits the rapidly-rotating device, stocks are going to take a major hit, and I'm almost positive Treasury bonds are going to be downgraded. I moved a majority of my stuff to corporate bond funds and international stock funds.
I mean part of the calculus here is we’re very much looking at the possibility of losing status as global reserve currency, which will be impossible to financially navigate.
which will throw the global economy out of whack for awhile which means int’l finance won’t be reliable for awhile but still likely to recover faster than we do
I'm feeling broadly good about my decision to not invest any of my money, mixed about my decision not to spend it all on gold bars to bury in my backyard
Why are we continuing to invest in the US stock market? If US stocks go up under Trump’s policies; it will be because we won a brutal trade war against Canada, dismantled consumer protections, funded corporate tax breaks, dismantled regulations, etc. Invest in good global citizens like EU instead.
if we go hyper-inflationary cash is no good, and if the US defaults on its debt bonds are no good, and stocks are stocks, so i'm thinking we all buy a bunch of prepper shit and go live in the woods
But yes, as a rule if you’ve got a while before retirement, don’t even look at it. Come back in a few years. The skids May actually HELP your savings. Stupid, I know, but true
i’ve only checked it two or three times in ten years. at this point in my life it’s basically fake money to me. because if i think about it as real money i will lose my heavily indebted mind
I keep eyeballing these latest "catastrophic" losses and then clicking on the 5 year graph and being like, ah yes, not even a dent out of the ill gotten early covid gains
yeah like even without the everything going on prices have been overinflated for a minute. propped up by several tech stocks that have been on the verge of popping for a while
If you're like 40 years old and you believe things will eventually recover, it's actually good for your retirement account to buy when prices have collapsed. (Just gotta worry about the whole "will I survive, let alone have stable employment until society recovers" part of it.)
i’m fully in cash, with some gold (to hedge against the devaluation of the dollar, when the whole world ditches USD, once they see that this isn’t a stable country for business anymore)
If you're still a few years from retirement, and number go down, DON'T TOUCH IT.
Never lock in a loss.
Only change investments that haven't lost value yet, if you want lower risk overall. Bond funds or even money market, as a temporary haven.
Not looking my 401k, but between the likely current and near term status of my 401k and what DOGE is doing to Social Security, this administration isn't leaving me with a warm feeling about my ability to retire anytime soon. And I've worked for decades to get in a good retirement position.
I just changed mine around to lower my stock exposure & go more conservative, & the agent i spoke with said they've been getting a ton of calls to do the same
Still feel overexposed going from 85% to 60% stock, but man how extreme should one go?
My parents never recovered. It took them until retirement just to make back most of what they lost. They went from $550k to $250k and yeah they never made it back to $550k….try $330k I think max. They were in too risky of a portfolio for their age.
Best retirement plan right now is to commit a high profile murder of someone very important about six months before you can’t work like you used to, right?
Our economy is gonna crash faster and harder than Donald Trump and the pilot seat of an F-35. He’s gonna blame it on Hillary Clinton because he’s an asshole.
I'm in los angeles. our city council (almost all democrats) is the highest paid in the nation, and our state leguslators (almost all democrats) are the 2nd highest paid in the nation.
So many people panic-sold in 2008, and the wealthy snapped it up and got even wealthier.
Unless you are in absolutely dire straits, do not do that. Crashes, recessions, economic uncertainty, the vast majority of the time result in wealth transfers upward.
I read this as 40k at first and honestly I'm willing to go for it as my new retirement fund. "BlackRock tried to get me into Bitcoin but I went nuts on 40k instead."
I'm not eligible for over 30 years, but unless economic fundamentals change (read: a MASSIVE leftward shift in US politics), I'm pretty sure I don't get to ever retire. And this is with a good salary!
Wait, people were planning on retiring ? Like ever ? Fuck ! My plan was that my daughter would be successful and she'd let me live in her back yard. Currently when ever I say that she just shouts " Living in a van, down by the river !"
Comments
When the fecal matter hits the rapidly-rotating device, stocks are going to take a major hit, and I'm almost positive Treasury bonds are going to be downgraded. I moved a majority of my stuff to corporate bond funds and international stock funds.
Will it work?
¯\_(ツ)_/¯
Embrace 40k, where in the grimdark future, there is only war...
But also Big Easy E make money printer go brrrrr....
"if you are going to panic, panic first"
So long suckers
Right???
Although dips assume it's going to back up again
Never lock in a loss.
Only change investments that haven't lost value yet, if you want lower risk overall. Bond funds or even money market, as a temporary haven.
But RIP my RSUs lol
By the end of the year I won't be shocked if all I have is an account number and a bunch of zeroes.
Still feel overexposed going from 85% to 60% stock, but man how extreme should one go?
Ive stayed away from gold a long time but dayum. it lookin shiney lately with collapse of US hegemony
I didn't know my retirement was coming so soon.
I aged ten years
So I guess it no longer matters!
clearly, they're planning ahead. for themselves.
Unless you are in absolutely dire straits, do not do that. Crashes, recessions, economic uncertainty, the vast majority of the time result in wealth transfers upward.
I won't. But I'll keep thinking about it.
She was potentially destroying the short term prospects of the people who voted for her (along with the rest of the economy of course)
My 401K vanished after the last crash.
I'm not planning on retiring. I'm either working or in an urn. 🤷♂️