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 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.
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.
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).
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.
15 Comments
kurmudgeon@lemmy.world · 43 pts · 184d
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.
CorrectAlias@piefed.blahaj.zone · 11 pts · 184d
I don't expect to retire.
Not by choice, if that wasn't clear.
mycodesucks@lemmy.world · 10 pts · 184d
There's always money in the banana stand.
Zerlyna@lemmy.world · 4 pts · 184d
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.
superglue@lemmy.dbzer0.com · 2 pts · 184d
Iconoclast@feddit.uk · 1 pts · 184d
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.
waddle_dee@lemmy.world · 6 pts · 184d
Bakkoda@lemmy.world · 4 pts · 184d
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?
Grandwolf319@sh.itjust.works · 3 pts · 184d
I agree, rich people are doing just fine, it’s us plebs that are struggling.
Iconoclast@feddit.uk · -2 pts · 184d
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.
Grandwolf319@sh.itjust.works · 2 pts · 184d
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).
Elextra@literature.cafe · 2 pts · 184d
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.
thedeadwalking4242@lemmy.world · 2 pts · 184d
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
HootinNHollerin@lemmy.dbzer0.com · 19 pts · 184d
masterofn001@lemmy.ca · 14 pts · 184d
Pretty soon, the Dow will actually be $50,000.
Etterra@lemmy.org · 8 pts · 184d
Remember to thank the Orange Jackass everybody.
phoenixz@lemmy.ca · 2 pts · 184d
Next up, US congress will pull some DOW guy to testify and he'll be all "yeah, but the Epstein files have been released!"