“The president single-handedly wiped out Americans’ retirement savings overnight and subjected businesses to intense whiplash with his increasingly erratic and chaotic policies that continue to drive consumer and business uncertainty.”
“The president single-handedly wiped out Americans’ retirement savings overnight and subjected businesses to intense whiplash with his increasingly erratic and chaotic policies that continue to drive consumer and business uncertainty.”
How was Thursday and Friday not a recession? I lost > 10% of my 401k in 2 days.
It took 4 years to get to where it was since I stopped contributing right after the 2020 panic. 4 years of happily let my money do what it should, BAM wiped out in 2 fucking days.
Get your 401k out of stocks for now. Most plans have money market or other options you can exchange for.
Panic drop out of the market after stocks went down some percent, great advice.
Just do nothing and keep your rates (or however US 401k works).
Time in the market beats timing the market
I guess. Other option is to ride it all the way down. I got mostly out after the election. I got the rest of the way out this year.
That’s the dumbest advice ever! That’s how you lose all your money. Recession is the perfect time to buy even more stocks and shares. Don’t get out, get in!
Recession is a good time - at the bottom.
We’re still at the top.
You guys have fun losing all your money, though. Like the person I replied to complained about.
The only one losing money is you.
…how?
Selling near the top and buying near the bottom…?
You’re doing the exact opposite.
Howso?
S&S are going down and you’re selling, money markets are going up and you’re buying. You’re literally doing the opposite of what you want, lol.
What are you going to convert your stocks into Euros? Renminbi? USD? Bitcoin? There is just a lot of uncertainty, and I wouldn’t recommend anyone selling everything.
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I’ve Lost 15% since this shitshow of president started fucking with things.
Came here to note that S&P has been down over 16% since the clown took the WH and the circus started back up again.