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[–] 43 points 8 months ago (11 children)

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.

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  • [–] 4 points 8 months ago

    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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  • [–] 1 point 8 months ago (7 children)

    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.

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  • [–] 3 points 8 months ago (2 children)

    I agree, rich people are doing just fine, it’s us plebs that are struggling.

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  • [–] -1 points 8 months ago (1 child)

    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.

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  • [–] 2 points 8 months ago

    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

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  • [–] 2 points 8 months 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.

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  • [–] 14 points 8 months ago

    Pretty soon, the Dow will actually be $50,000.

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  • [–] 19 points 8 months ago
    [–] 8 points 8 months ago

    Remember to thank the Orange Jackass everybody.

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  • [–] 2 points 8 months ago

    Next up, US congress will pull some DOW guy to testify and he'll be all "yeah, but the Epstein files have been released!"

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