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401k accounts
General Boards - Politics
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Replies: 48
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401k accounts


Apr 6, 2025, 7:30 AM
Reply

I see many articles lamenting their losses and how people that are retired are worried about staying retired.

Look, in your 40’s and 50’s risk is okay, you have time on your side. Your 60’s are a whole different ballgame. Stable tax free bond fund, interest bearing accounts, annuities preserve capital with little worry.

At 66 I sleep well, not a worry in sight but my risk levels are low. The idea that the market was only going to go up is fools gold, no matter what your advisor told you. Speaking about advisors, if they know so much why are they out hustling clients? They should be kicked back living well instead of rounding up more 1.5% fees on money managed.

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Re: 401k accounts


Apr 6, 2025, 7:32 AM
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They lose nothing, they collect their 1.5% no matter if you are losing your tail. It is all gravy for them.

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I know you're trying to lessen the blow of the Trump losses, but why?

5

Apr 6, 2025, 8:02 AM
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This drop wasn't necessary, it's only happening because of the bad fiscal policy of Trump. Why defend it?

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"Smelley, Garcia, and Beecher are going to lead you to 4-8." - york_tiger


Re: I know you're trying to lessen the blow of the Trump losses, but why?


Apr 6, 2025, 8:07 AM
Reply

Not defending it, pointing out that people in their 60's should not be chasing the highest returns. Those come with risk as evidenced lately. Really though the markets were gonna get hit no matter who is in office. Why? Our debt levels are horrendous.

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Re: I know you're trying to lessen the blow of the Trump losses, but why?

1

Apr 6, 2025, 8:09 AM
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Still have no idea why folks are crying, he told you what he wanted to do all along. I believed him, not in him.

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Re: I know you're trying to lessen the blow of the Trump losses, but why?

1

Apr 6, 2025, 8:22 AM
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Those that believe in him cannot tell me how we are going to sprout factories in a month or find workers to staff them. They speak of short term pain, is 4-5 years short term if it can even be done( I doubt it can)? Nope I see the Nikkei as a prime example on where we are headed unless he just declares a magical victory and calls it off.

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Re: I know you're trying to lessen the blow of the Trump losses, but why?

1

Apr 6, 2025, 8:26 AM [ in reply to Re: I know you're trying to lessen the blow of the Trump losses, but why? ]
Reply

Thanks for telling us that we should not be chasing the highest returns.

Really helpful.

I’m pretty sure you’re not managing anybody else’s money and I hope it stays that way.

You have no idea what’s coming up in the next few weeks months years of the trump administration. We know you don’t cuz Trump has proven he doesn’t know.

The US has gone from becoming one of the most stable economies and safe Haven for investment dollars, to complete unknown unstable economy.

So your naïve little rant about US 60-year-olds being patient with their investments is oblivious to the fact that foreign investors are pulling their money out of the US because they have no idea what the fat orange clown is going to do in the next week month year.

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Re: I know you're trying to lessen the blow of the Trump losses, but why?

1

Apr 6, 2025, 9:06 AM
Reply

Naive little rant ? Dude if you read and comprehend that was not a rant, you on the other hand are panty bunched ranting.

I said folks win their 60's should not be chasing highest returns, too little time to make back money lost. Preserving is in their best interests.

I never said they should be patient, I said folks in their 40's and 50's have the luxury of time if things go south.


Yes, I DO KNOW the foreign investors are fleeing , if he keeps the tariffs everyone should be fleeing the market.

My closest analogy is Japan and the Nikkei, it hit a high of 39k in 1989, over the next 14 years it lost 80% down to 7900 in 2003.

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25% of the US Debt is from Trump's first term.


Apr 6, 2025, 8:58 AM [ in reply to Re: I know you're trying to lessen the blow of the Trump losses, but why? ]
Reply

For his tax cut for the rich.

Why should the average American suffer for bad Trump policies then and bad policies now? The guy made up a stupid formula representing tariffs, I mean seriously????

It's simple: no matter what this idiot does, his minions will defend it. I honestly do believe that includes shooting someone on 5th ave.

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Re: I know you're trying to lessen the blow of the Trump losses, but why?


Apr 6, 2025, 8:30 AM [ in reply to I know you're trying to lessen the blow of the Trump losses, but why? ]
Reply


This drop wasn't necessary, it's only happening because of the bad fiscal policy of Trump. Why defend it?


Absolutely a bad fiscal policy not by Trump but by the progressive/liberal banks that control Wall Street. Why are the bank controlled investment firms short selling and driving the market down? It's not because of tariffs but an action in fear of being exposed "again" for bad banking practices and the loss of their taxpayer funded crutch. More than one significant market drop have occurred because of bank failed policies and now it's on purpose.

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Theres always a liberal boogie man.

1
6

Apr 6, 2025, 8:38 AM
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The market is tanking and people are shorting because we are headed for a recession. It’s as simple as that.

Trump could slap your wife and you’d say she deserved it.

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Re: Theres always a liberal boogie man.


Apr 6, 2025, 12:02 PM
Reply

Not true POS. If you're selling, you're stupid!
Not a single person I know has sold a share. It's the bank controlled investment firms. It's obvious your inherited a half brain.

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Re: Theres always a liberal boogie man.

1

Apr 6, 2025, 12:19 PM
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You do you, others will do them and each has to live with their outcomes. See, if the market really goes in the crapper, like 50% and takes years to recover just whom is stupid?

Just a rhetorical question because you do not have a crystal ball, in fairness neither do I but I go by trends and historical perspectives, not crazy half baked da liberal bankers are doing it to take down Trump. Nobody running a large financial institution is some half crazed liberal.

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Re: Theres always a liberal boogie man.

1

Apr 6, 2025, 4:10 PM [ in reply to Re: Theres always a liberal boogie man. ]
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Yes, retail investors are now being used as exit liquidity. Look at $TSLA the last month before the crash this week, they were on TV telling people to buy the stock, and guess what happened? $8 billion retail investor dollars pushed the stock price back to $280 from $220 on 3/10. Now look what happened? Where is it now?

Retail investors get played like fools by Wall St, it’s the nature of the beast. Do you think you have to be smart to be an investment banker, or do you think they hire idiots? They’re all betting on a recession coming, and they’re getting their money out before you do.

Are you daft enough to think this makes them somehow “liberals”? You’re deluding yourself into defending Trump’s brisk enshittification of the economy. Even while YOU are the one who will be ###### by it, you’re on your knees begging for more. “IT HAS TO CRASH BEFORE IT CAN GET BETTER!” Give me a break.

2025 orange level member flag link military_tech thumb_downthumb_up

Re: Theres always a liberal boogie man.

1

Apr 6, 2025, 4:51 PM
Reply

I learned my lesson many years ago on institutional versus retail investors. It was a butt whipping but I learned from it. Those lessons have served me well over the decades.

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Re: I know you're trying to lessen the blow of the Trump losses, but why?

1

Apr 6, 2025, 8:46 AM [ in reply to Re: I know you're trying to lessen the blow of the Trump losses, but why? ]
Reply

“Bank controlled investment firms”?

Sounds like you’ve been reading some nutcase wannabe right wing social media gibberish.

Most investors are not controlled by banks.

The market isn’t tanking because of anybody’s shortselling.

The market is tanking because Donald, all by himself, has changed the United States of America from being one of the most stable economies in the history of the world for decades into a complete crapshoot unstable economy. And yes, short sellers are free to tag along for the ride.

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Re: I know you're trying to lessen the blow of the Trump losses, but why?


Apr 6, 2025, 9:30 AM
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Short sellers are taking a huge risk right now due to the bipolar nature of DJT's decision making process. Heck, he could wake up Monday, declare victory and remove all tariffs. That would be a blood bath for shorts.

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Re: I know you're trying to lessen the blow of the Trump losses, but why?


Apr 6, 2025, 12:04 PM [ in reply to Re: I know you're trying to lessen the blow of the Trump losses, but why? ]
Reply

Who do you personally know that has sold their stocks since the tariffs were announced?

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Re: I know you're trying to lessen the blow of the Trump losses, but why?

1

Apr 6, 2025, 1:16 PM
Reply

Are you aware that in most stock sales, there is a seller and there is a buyer? Retail investors bought at a record pace on Thursday, but selling pressure from institutions pushed prices down. All those retail investors regretted it on Friday. They, like you, have been conditioned to ordinary market trends and don't understand that Orange Lardass is a complete wildcard. The syphilis and nascent dementia has turned him into the mad King Donald, just like the mad King George III. If he chickens out in the next few weeks, or Vance takes over by then, they will be OK. Some of the damage, especially to agriculture, happens very fast.

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Re: I know you're trying to lessen the blow of the Trump losses, but why?


Apr 6, 2025, 1:56 PM
Reply

You still didn't answer do you know anyone that sold. I bought on Thursday and lost a whole 1 cent per share on Friday.

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Re: I know you're trying to lessen the blow of the Trump losses, but why?


Apr 6, 2025, 5:22 PM [ in reply to Re: I know you're trying to lessen the blow of the Trump losses, but why? ]
Reply

This really is some stupid shyt you are arguing. You can't be this dense.

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Re: I know you're trying to lessen the blow of the Trump losses, but why?


Apr 6, 2025, 2:09 PM [ in reply to Re: I know you're trying to lessen the blow of the Trump losses, but why? ]
Reply

If you don't believe banks are progressive and liberal and influence trading firms, answer these:

Why has Chase Bank started settlements for discrimination against Conservative individuals, companies and organizations? They are tied at the hip with J.P. Morgan.

Why is Bank of America being investigated for discrimination against Conservative individuals, companies, and organizations? They are tied at the hip with Merrill Lynch.

Why is Wells Fargo tied at the hip with Fidelity?

Check them all out and you might learn something. It's kind of like peas and carrots for you Jenny soy boys.

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Re: I know you're trying to lessen the blow of the Trump losses, but why?


Apr 6, 2025, 4:15 PM
Reply

You’ve allowed yourself to be fooled by propaganda and ########, congratulations. Banks are “discriminating” against conservatives? These accusations only started when banks helped the FBI find Jan 6 traitors. Cry me a river. The MAGA constant victim mentality is 100x worse than anything coming from any minority group, gays, trannies, etc, y’all are so hung up on being the victim all the time. Grow some balls.

2025 orange level member flag link military_tech thumb_downthumb_up

Sweet Jesus, this is asinine.

4

Apr 6, 2025, 10:32 AM [ in reply to Re: I know you're trying to lessen the blow of the Trump losses, but why? ]
Reply

Not only is it "bank's" fault, it's those damned PROGRESSIVE/LIBERAL banks! Can you provide an example, just a single one, of a "progressive/liberal bank", and what makes the bank liberal? Because there is essentially NOTHING in the banking sector that identifies with liberalism.

The narratives you guys make up to avoid having to pin this on the one person who caused it would be entertaining if it wasn't so impactful and harmful. US markets have lost 11 TRILLION dollars in value since Trump was inaugurated, and you think it's because of Biden/Obama/liberals. It simply can't be because the guy you voted for legitimately believes he's smarter than the thousands of actual economists across the globe who have said, in no uncertain terms, what the policies Trump talked talked about for the past year would result in.

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Re: Sweet Jesus, this is asinine.

3

Apr 6, 2025, 10:54 AM
Reply

It’s a conspiracy by famously liberal Wall St, wiping out their own gains threatening their own livelihoods just to make stable genius Trump look like a fool.

2025 orange level member flag link military_tech thumb_downthumb_up

These morons will convince themselves of


Apr 6, 2025, 11:04 AM
Reply

anything, including that Wall Street is a bunch of liberals, to avoid having to cope with the idea that Trump might not be perfect.

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Re: These morons will convince themselves of


Apr 6, 2025, 11:53 AM
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I am pretty sure that is the new talking point on Fox News story hour, I don't need to confirm this.

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Re: Sweet Jesus, this is asinine.


Apr 6, 2025, 12:14 PM [ in reply to Sweet Jesus, this is asinine. ]
Reply

When banks want taxpayers to provide funding to cover their poor practices, past bail outs, and they support the Democrat party, the progressive and liberal label is a given fact.

I know it doesn't fit the narrative for you Sheeple but you can't develop brains believing the lies Soros, Hastings, Hoffman, Gates (both) tell you through their dollars and financial controls. You know, the partial list of the Democrat billionaire Oligarchs that control the $s.

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You may not want to mention corporate welfare... uh, I mean bailouts.


Apr 6, 2025, 12:46 PM
Reply

saddis56®

This list is a few years old and I don't have time right now to update it. But you get the point.


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Just hanging around the bus station picking my nose.


Re: You may not want to mention corporate welfare... uh, I mean bailouts.


Apr 6, 2025, 1:10 PM
Reply

Plus da evil bankers paid it back, so did automakers. That kinda messes up his tin foil hat theory.

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Re: You may not want to mention corporate welfare... uh, I mean bailouts.


Apr 7, 2025, 9:21 AM [ in reply to You may not want to mention corporate welfare... uh, I mean bailouts. ]
Reply

The issues surfaced and fixes happened under Republican Presidents but the underlying concerns were created by Democrat policies.


Message was edited by: saddis56®


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Your entire basis for the banking industry being liberal

1

Apr 6, 2025, 1:27 PM [ in reply to Re: Sweet Jesus, this is asinine. ]
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is that they got bailed out during the housing crisis in 2008? That's....even sillier after I typed it out. Which banks support the Democrat party? I'm just a sheeple, I don't understand the complexity of this industry.

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Re: Your entire basis for the banking industry being liberal


Apr 7, 2025, 9:31 AM
Reply

Why were banks lending in the 1920s for individuals and institutions to buy stocks with unsecured money? It goes back and lot further than 2008. The Democrat woke and progressive/liberal part has just crept in over time and ramped up during President Auto-Pen.

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Re: Sweet Jesus, this is asinine.


Apr 6, 2025, 4:19 PM [ in reply to Re: Sweet Jesus, this is asinine. ]
Reply

Obama’s administration rescued the banking industry, stopped the bleeding in the global economy, and put on new restrictions to prevent banks from doing what they did. Maybe you forgot about Dodd Frank?

You MAGA dudes have 0 ideological consistency. In the same breath you’ll complain about big government liberals, then you’ll clamor for more regulation of private industry and moan about global capitalism. Y’all are like a dumber version of Bernie Bros.

2025 orange level member flag link military_tech thumb_downthumb_up

Must protect Daddy.

2

Apr 6, 2025, 10:47 AM [ in reply to Re: I know you're trying to lessen the blow of the Trump losses, but why? ]
Reply

Are you sure the market isn’t taking because of trannies?

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Re: Must protect Daddy.


Apr 6, 2025, 12:17 PM
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Trannies are too poor and too small of group to affect the market. You must be stupid.

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Im sure you will be blaming them soon enough.

1

Apr 6, 2025, 12:42 PM
Reply

Any and everyone is to blame except Trump, he can do no wrong. All hail!

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Re: Must protect Daddy.


Apr 6, 2025, 1:17 PM [ in reply to Re: Must protect Daddy. ]
Reply

Odd, a couple of months ago they were taking over the country and infecting our children with trannie, but now they are a small, insignificant group that has no impact on, well, anything?

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Re: I know you're trying to lessen the blow of the Trump losses, but why?

1

Apr 6, 2025, 12:23 PM [ in reply to Re: I know you're trying to lessen the blow of the Trump losses, but why? ]
Reply

MUST PROTECT DADDY!!!!!

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Rich gets richer, Poors get poorer.***

1

Apr 6, 2025, 8:38 AM
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2025 orange level member flag link military_tech thumb_downthumb_up

Its really that simple. His plan in 2016 and in 2025.***


Apr 6, 2025, 8:59 AM
Reply



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Re: Its really that simple. His plan in 2016 and in 2025.***


Apr 6, 2025, 9:28 AM
Reply

Look, he told everyone what he wanted to do, I believed him. The tariffs, the illegals being deported, cutting the Federal spending was all out in the open and he still won.

Good luck getting a roof installed if needed, I know when mine was done if I walked outside and hollered Lamiigra there would have been nobody installing shingles, yard work pffft, and it will hit grocery prices too.

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My mom migh need her roof repaired, ugh.***


Apr 6, 2025, 11:06 AM
Reply



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Re: My mom migh need her roof repaired, ugh.***

1

Apr 6, 2025, 11:17 AM
Reply

Well good luck, I a’int seen a gringo roofing here in a loooong time.

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IN all fairness


Apr 6, 2025, 11:59 AM [ in reply to My mom migh need her roof repaired, ugh.*** ]
Reply

There was a day when my brother-in-law and myself were up on my mom's roof in New Jersey ripping off shingles and putting on new ones , burning our hands with tar., it was no fun, but believe it or not we used to do stuff like that. I delivered papers, mowed lawns, shoveled driveways, and basically knew everyone in my neighborhood. The last two generations of kids have had it easy. A good work ethic will take you a long way, The kids I hired at my last company were lazy and entitled, well at least the males. They acted like they knew everything, but 5 minutes to 5 they are shuffling their feet, looking to bolt out of the office early, taking long lunch breaks, and finding every reason to complain because they did not get assigned to the projects they were too unreliable to be trusted with. I know I never have to worry about losing a management role to these younger guys in my field, they just don't get it.

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Re: IN all fairness


Apr 6, 2025, 3:17 PM
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I also did flat tar roofing on couple places my grandfather owned, in Florida, in the summer!! Only hotter time was roofing a duck camp in the middle of a swamp in Louisiana in the middle of summer. Talk about suckle, could not even jump in the water due to gators and snakes.

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Re: IN all fairness


Apr 6, 2025, 3:53 PM
Reply

well, we will probably live longer than the following generations. When you lookat the obesity rates of teenagers compared to 40 years ago, it is quite disturbing. I guess there are a lot of things one can point the finger at, but smart phones are likely the main culpret.

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Re: Its really that simple. His plan in 2016 and in 2025.***


Apr 6, 2025, 1:22 PM [ in reply to Re: Its really that simple. His plan in 2016 and in 2025.*** ]
Reply

The best part is that when real estate prices fall, China is sitting on a lot of US dollars to buy up more real estate.

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Re: Its really that simple. His plan in 2016 and in 2025.***


Apr 6, 2025, 1:34 PM
Reply

les worried about China than US Private Equity sitting on lots of cash and buying up this country.

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