Many seniors dealt w/this at the end of 2008 when thanks to GOP deregulation Bush had to bail out Wall st & S&L’s - and still left Obama the 2008’recession.. Many had to delay retirement or lost money in investments when that happened.. The move to 401k’s moved the risks from companies to employees
Agree.. 😔 Actually the way the SS projections may not be completely insolvent but benefits may have to be cut by 25%. His plan to make SS tax exempt actually hurts the program since those of us who pay SS on benefits actually are paying it back into the SS fund..
Here is impact of his Plan to make
SS tax exempt. You will hear people blame the money borrowed by Bush but that repayment started in 2020 and will be paid in full by 2032 with interest so will be reliant on a smaller workforce to pay into SS..
Not sure what state you are in but can tell you in my red state they are unaware of what the tariffs will bring ..and the financial cost of those deportations to each state..
Florida now looking at a defict budget for 26/27
Florida Loses $ 12 Billion Plus In Year 1 Of Its Anti-Immigration Law
The 2024 outlook, adopted by the Legislative Budget Commission on Sept. 6, 2024, estimates a $2.1 billion budget surplus in the upcoming fiscal year, FY 2025-26, and — w/o intervention — a $2.8 billion deficit in FY 2026-27 and $6.94 billion deficit in FY 2027-28.
It did at first. His recent cabinet picks cured there 4 year amnesia and they’re finally remembering he’s a chaotic mess and creates nothing but economic uncertainty or they probably just realized what 20% tariffs on every single country at once plus mass deportation will do to the economy.
😂 one of my stocks was over $1,000! A share not long ago! Then it split 3-ways Under Biden! It was barely floating when Trump was in office! It exploded after he left office! How you going to tell me how my one stocks went 🤡
It’s not that they don’t like him they hate him and they’re gonna hate him for the next four years and he’s gonna wipe out everything President Biden has done in the last four years!!!
the market is up post election? Why are you so excited to see the stock market crash anyways, that will affect the average person not just trump supporters
My 401k got a bump the day of the election and then it’s been taking a hit every day. Guess investors don’t like the crazy orange Hitler and his Junk Drawer cabinet selections. Trump’s whole presidency is going to be a disaster for this country.
i dislike trump aswell but since the 6th of november its stil up 6%. so basically the stock market likes trump we have to wait a bit to see if they really dislike him a drop of 1% is normal when it got so high in a short amount.
In all honesty. It doesn't matter who the president...the market does its own thing.
I will try to educate kind folks in bluesky..let see how this goes. Excited.
This was expected. Kinda what happens when you tell every sector of industry that they are finally going to be held accountable. But you wouldn’t get that…
Before tRump, I made decent money trading stocks. Since he was elected, I've not traded a single thing and won't for a while. I'm expecting major downturns. Hang on to your hats, and money.
Oh! This is very interesting. I thought it was going up, at least in the first few days. I have most of my assets invested, but I am willing to give up a little bit for the cause.
Did you miss the part where Musk said "it's going to be okay, expect some painful downs with a greater purpose to be achieved later"... 🤣 But, it's not funny at all. The truth is going to hurt so many people... 😔
Moved my 401k from stock index funds to bond funds the day after the election. I might miss some upside but the crash will come and hopefully I’ll be better off. Too close to retirement for the Trump crash.
I don't know hot is it hitting other industries, but Bay Area corporate owned radio is letting people go this week, and it doesn't feel like a coincidence.
There was a buying frenzy immediately after the election. Maybe people are starting to realize how terrible his economic ideas are, and institutional investors certainly should know. His horrific cabinet choices have to terrify smart business people.
The bond market is lagging because bond investors understand economics and know Trumps agenda would lead to higher inflationary pressures and a nominal decrease in GDP. This is going to put pressure on the government and corporations to use debt to finance vital economic growth opportunities…
The capitalists want this because when the markets drop things become cheap and they can buy up everything and monopolize it all, and then when things go back up, more of us regular folks are shut out again. And they can raise prices without compunction or competition.
Stock market right after election: bumped up, hopeful, as many of us, that it wouldn't be that bad. Stock market today: realized, like many of us, that it's going to be much worse.
End the Fed, put a stop to the unelected Money Changers controlling our money! The congress shall have the power to print money, no branch of government can give it's power to another. Federal reserve is a private company....just like "Federal" Express.
Wall Street is just catching on to the actual shitshow that the Trump admin will be and realizing that deregulation is meaningless if the general public can't afford to buy non-essentials.
Post election bump up is common. Tech stocks are over bought and that is part of what caused this. Impacts anyone with stocks like Apple in their portfolio.
I don't make my investing decisions based on who is in office. I look at the fundamentals of individual companies. It's also good to have a long view. Sentiment and emotion can change very quickly.
He will blame it on Biden but we all know it’s the instability trump is causing. Usually the market does great looking forward to a new admin. And I don’t have time to ride it out. I’ve made it as safe as I can but it is unnerving
As liberals always do, they show you only part of the real story. This graph clearly shows the market is STILL higher than before the election you lying shill.
This is just the beginning. Once it breaks the trend line it should pop a bit and then...well it's gonna get bad. If you follow cycle trading at all that's what the charts are showing. Stay safe and cautious.
Comments
In other words, genx is gonna get supremely fucked. No SS and our investments tanked.
And nothing matters if they tank the dollar.
https://www.cbo.gov/publication/60392
SS tax exempt. You will hear people blame the money borrowed by Bush but that repayment started in 2020 and will be paid in full by 2032 with interest so will be reliant on a smaller workforce to pay into SS..
https://www.crfb.org/blogs/donald-trumps-suggestion-end-taxation-social-security-benefits
Florida now looking at a defict budget for 26/27
Florida Loses $ 12 Billion Plus In Year 1 Of Its Anti-Immigration Law
The 2024 outlook, adopted by the Legislative Budget Commission on Sept. 6, 2024, estimates a $2.1 billion budget surplus in the upcoming fiscal year, FY 2025-26, and — w/o intervention — a $2.8 billion deficit in FY 2026-27 and $6.94 billion deficit in FY 2027-28.
Yup
So much for my financial portfolio.
dogs
eagles
or anyone
with any sense
MAGAs - are we winning yet?
The market shot UP once Trump won!
I will try to educate kind folks in bluesky..let see how this goes. Excited.
Plus you also forgot that inflation Biden created was terrible.
Don’t choose one part of the pie to diagnose. Look at the entire thing and be objective.
I don't know if the stock market is equally disgusted.
Trump will find a way to convince the rubes that it's all Biden's fault.
What's his excuse now?
https://amgreatness.com/2024/11/15/scott-bessent-modern-monetary-theory-is-neither-modern-nor-monetary-nor-theory/
My husband's dream was to retire early and we've lived our lives to make that possible and now... 😭
Can you say gaslighting? You know, like pretty much all Republican politicians. I won’t even get started MAGA.
Big moves
Absolutely loving Blue Sky, we’re safe here!
https://go.bsky.app/EiFrPWn
My portfolio was doing well under Biden the threat of trump is really going to hurt me and everyone else!
Just happy to see you!
Narcissistic behavior pattern.
Preparing for the big fall