My stocks were a couple bucks shy of $10k on January 19th. Yesterday morning they were $8100.
Edit: down to $7700 this morning.
I have a 403B that I pay absolutely no attention to. I was curious, so I decided to look.
Three years of reasonably steady growth with what looks like a run of the mill transient dip at the end.
Almost $10,000 evaporated since March.
I see no reason to believe that it’s transient. I think it’s just the beginning.
I don’t doubt things are going very well for him. He’s out of jail, hitting the links, and bribes are pouring in.
Pulled all of my funds out of the market months ago…
No idea why people thought leaving their retirement funds in the stock market with trump in charge would be a good idea.
The problem is you have to buy back in at the dip. And Noone knows when the dip will be done dipping.
Professional stock traders don’t know when the dip will end, so unless you are retiring in the next year or 3, you need to invest back in something… so start thinking about what that means for you
The problem is you have to buy back in at the dip. And Noone knows when the dip will be done dipping.
Professional stock traders don’t know when the dip will end, so unless you are retiring in the next year or 3, you need to invest back in something… so start thinking about what that means for you
Yes and no.
Let’s say you sell now. Then stocks drop by 10%. (Making up numbers for easy illustration). You wait to see if they’re going any lower, and the next thing you know, stocks have regained 5% of that and are on the way back up. If that’s the point where you buy back in, and assuming they don’t drop again, you’ve still come out well ahead.
It’s not so much about “buying the dip”. It’s knowing when the dip is over, things have started rebounding, and getting in before all the losses have been regained.
Remind me again why did you US people elected this guy?
I’ve convinced myself that’s a secondary concern. We did manage to elect a black human who was articulate, bright, and clean, but who also had a penis. I think that’s the common trait.
As far as I can tell, it boils down to some combination of three reasons: they’re bigots; they’re stupid; or they’re selfish. Bigotry is self-explanatory. If they actually believed that he would do good things and help the country, then they’re clearly stupid. If they didn’t care how his actions hurt others but thought they’d help them financially, then they’re selfish. Now, if they’re selfish and not wealthy (wealthy being not like two houses and a couple millions in savings but rather own a couple yachts and an island) then they’re also stupid on top of being selfish.
The United States has a good deal of cultural rot. As a culture, we’re sick and have been for decades (and that’s not even getting into the nation’s original sin of slavery/racism). Carter rightly pointed it out in his “malaise speech.” A large number of Americans are simply incapable of thinking about others outside themselves. We are incapable of taking on large projects for the collective good. And because of that, we defunded education for decades leading to the stupid, selfish population of today.
I think the better question is why a third of Americans didn’t bother to vote against this.
Voter suppresssion was a significant tie breaker. Also keep in mind that a lot of people get shafted by both parties and have given up.
I don’t blame them.
A very significant portion of those who didnt vote were just people that couldn’t be bothered. And another significant portion were those who just abstained because Harris wasn’t tough enough on Isreal, and I’m sure those people are happy with that decision now. Palestine will be free any day now, surely. Yes there is a lot of voter suppression, but things were way too close with a lot of people not voting to claim that that made all the difference. They weren’t ALL disenfranchised. Plenty just made a choice not to vote.
So… I do blame them.
Also keep in mind that a lot of people get shafted by both parties and have given up.
I don’t blame them.
I don’t blame them for feeling shafted, but they do share the responsibility for the current state of things.
Voter suppresssion was a significant tie breaker. Also keep in mind that a lot of people get shafted by both parties and have given up.
I don’t blame them.
To be honest, I would be more inclined to accept this if literally every state in the country hadn’t shifted rightward, including deep blue states that not only didn’t engage in voter suppression but also aimed to expand voting rights.
California of all states stared looking competitive. There was no voter suppression going on there.
Remind me again why do non-Americans believed the Americans are one single person?
A long time ago, republicans needed an easy way to get voters to vote against their own interests and instead vote in the interest of the corporate overclass. Abortion. It’s genius. Make the preachers ultra wealthy by getting them to preach about something the Bible never seemed concerned about. Abortion. They’re murdering babies, you just have to get out and vote.
Eventually that strategy brought diminishing returns. They overturned Roe and the issue doesn’t have the same bite that it once had. They needed a new plan. Wait, I’ve got it. Trans people existing. Trans people bad, and they’re trying to assimilate your children by existing. They’re trans animals now, pooping in litter boxes at school. How long until you have to refer to your children by neopronouns under the threat of incarceration?
Seriously. This is how trump won the election. This issue is the issue they chose and it works. I hear it from my rightoid coworkers all the time. The GOP creates boogeymen to get idiots to the polls and it works, and the democrats have nothing to counter it.
Oh, come on now. It wasn’t just all about trans people. You’re forgetting the real threats.
Are you not forgetting the threat of tens of thousands of dog-eating Hatians in Springfield, Ohio? Notice how you haven’t heard a peep about dog-eating Hatians in Springfield, Ohio any more, because God-King Trump solved the problem of dog-eating Hatians!
And we had another problem about having a really, really old white guy with cognitive issues sitting in the Oval Office. Democrats tried replacing the old white guy with a <gasp!> black woman and the country collectively stood up and said “No, not like that!”, and lost their collective minds. So of course we did the sensible thing and went back to electing an old white guy with cognitive issues, and everybody lived happily ever after and nothing went wrong.
Then of course there was the Israel conflict, where everybody was upset over Biden’s support for Israel and the ongoing genocide in Gaza. So of course, the only sensible solution to that was to elect someone who promised to genocide harder, annex the territory, and turn it into beachfront property for the rich.
And all of this, of course, was meant to bring down the price of eggs. My understanding is that Trump had a meeting with the National Institute of Chickens the other day, and they are the ones who persuaded Trump to impose a 29% tax on uninhabited Antarctic islands out of fear of having to compete with Antarctic penguin eggs.
As a result of Trump, we’ve restored the dignity of the Presidency by making sure the status-quo is maintained, eliminated the threat of dog-eating Hatians, brought peace in the Middle East by letting Israel just steamroll over everything, and now have a President who is taking it to the front lines on the war on eggs! What more could we possibly ask for? <criessilentlyincorner>
Also the failing economy, you know the economy that the tarriffs would make great again. The same tarriffs that as of today has wiped quite a lot off the stock market. The same tarriffs everyone else said would hurt the economy.
Also I might add the non-voters that did not vote for Kamala because they did not find her compelling enough. Whilst the alternative was authoritarian, racist and mysognistic.
So its really a group effort by republicans and well…. others…. Not sure if those other idiots are left leaning or right leaning tbh but idiots they are all nonetheless.
Modern “Emperor has no clothes” moment.
Except in this case the emperor and all of his advisors have been telling people for months all about how he wanted to go around naked insisting that he is wearing clothing, and all of the dumbass peasants truly believe he’s wearing a beautiful new outfit in spite of the obvious fact that he’s running around naked.
