Next up, US congress will pull some DOW guy to testify and he’ll be all “yeah, but the Epstein files have been released!”
Pretty soon, the Dow will actually be $50,000.
It’s OK. I don’t expect to retire with any money to my name any more. Social Security will be wiped out by boomers and Trump will decimate my 401k. Fuck my life.
I don’t expect to retire.
Not by choice, if that wasn’t clear.
There’s always money in the banana stand.
Around 85% of my investments are tied to the US stock markets and they’re doing just fine despite a global pandemic and multiple wars. I don’t quite get what this pessimism is based on. S&P 500 was hitting all time highs a month ago.
Sorry for your downvotes! I follow a lot of FIRE (Financial Independence Retirement Early). All blogs and else have still continued to recommend the 3 fund portfolio. Which includes US stocks…
Admittedly, idk if there’s been a national shake up before in history but all financial peeps advising to stay the course… Historically, despite everything in past, its been solid.
Compared to the value of the dollar? If the dollar loses and your 401k gains, how do you even know how much you’ve made?
I agree, rich people are doing just fine, it’s us plebs that are struggling.
I’m a pleb and I’m doing just fine. I know it’s not the case for everyone but one shouldn’t generalize either.
I don’t see your point. On average people are doing worse. Is your point that populations aren’t a monolith? Cause I thought we all knew that (with exceptions obviously).
the s&p is specifically being propped up by overvalued companies. there’s a lot of money being thrown at the market and not a lot of material to show for it.
It’s all an illusion the growth is fake, all of GDP growth in US past couple of years was from LLM slop companies, not actual productivity.
Besides that there’s some other very dubious math that goes into stocks that make it a joke. It used to be real but these days it’s more gambling
I have the exact thoughts. I stopped my 401k contribution this week. It wasn’t much, but it’s $200 a month I need now. I’m early 50’s. It doesn’t look favorable to be fixed in 15 years.
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Remember to thank the Orange Jackass everybody.
