Retirees 'stunned' as market turmoil over tariffs shrinks their 401(k)s

[Into the Night]

That's part of it but notice they admire Trump and Elon for cheating their way to the top of the money heap.

What 'money heap', Sybil??? What 'cheating', Sybil???

If anything, all of the bullshit over the past two months has proved there's no such thing as the Deep State.

Well, there's certainly LESS of it now! Go Trump!

If there was, Trump would have been stopped or died of "natural causes".

Democrats already tried, Sybil. Multiple times!

 

[Dutch Uncle]

What 'money heap', Sybil???

^^^
Poor, poor Sybil doesn't know that Elon Musk is the richest man in America and that Trump himself is worth about $4.5B.

 

[ULTRA MAGA]

What 'money heap', Sybil??? What 'cheating', Sybil???

Well, there's certainly LESS of it now! Go Trump!

Democrats already tried, Sybil. Multiple times!

Uncle Twat is a broken record. An old vinyl record skipping. A pull string doll without a string.

Could be the dumbest of the dumb here although the competition is stiff.

The competition will be along shortly to give a finger emoji or a thumbs down or maybe even a barf. Makes them easy to identify.

 

[Into the Night]

^^^
Poor, poor Sybil doesn't know that Elon Musk is the richest man in America and that Trump himself is worth about $4.5B.

Apparently Sybil DOES know that, since Sybil just made the statement!

I am not you, Sybil.

 

[Dutch Uncle]

Uncle Twat is a broken record. An old vinyl record skipping. A pull string doll without a string.

Could be the dumbest of the dumb here although the competition is stiff.

The competition will be along shortly to give a finger emoji or a thumbs down or maybe even a barf. Makes them easy to identify.

^^^
Triggered MAGAt.

 

[Walt]

Im glad you did well.

I am not. I am sad I did well with America doing badly. But I did do everything in my power to avoid trump doing this to America, so I am not to blame.

 

[Walt]

Trump is a billionare, Wally!

If he put his inheritance into an indexed fund, he would be a lot richer right now, and all those people he ripped off would be a lot richer. It can be argued that the only reason he has any money is because of debt forgiveness, in that he has gotten more debt forgiveness than he has net worth.

So at best trump is a below average businessman.

I keep making money off of speculating trump is a bigger and bigger idiot, with no end in sight.

 

[EdwinA]

Democrarts much prefer their millionaires make their fortune via old fashioned gangster methods, like Joe Biden's extortion racketeering.

 

[Into the Night]

^^^
Triggered MAGAt.

MAGA isn't a person, Sybil.

 

[Into the Night]

If he put his inheritance into an indexed fund, he would be a lot richer right now, and all those people he ripped off would be a lot richer. It can be argued that the only reason he has any money is because of debt forgiveness, in that he has gotten more debt forgiveness than he has net worth.

So at best trump is a below average businessman.

I keep making money off of speculating trump is a bigger and bigger idiot, with no end in sight.

Jealousy. You just can't stand that Trump is far richer than you are, Wally.

 

[Walt]

Jealousy. You just can't stand that Trump is far richer than you are, Wally.

I am making a fair bit of money off of betting trump is an idiot.

 

[Into the Night]

I am making a fair bit of money off of betting trump is an idiot.

Pretending won't work, Wally. You're just jealous that Trump is far richer than you are.

 

[Walt]

Pretending won't work, Wally. You're just jealous that Trump is far richer than you are.

The markets are public for anyone to see.

 

[Into the Night]

The markets are public for anyone to see.

So? You trying to pivot away again, Wally?

 

[ZenMode]

Americans nearing retirement and recent retirees said they were anxious and frustrated following a second day of market turmoil that hit their 401(k)s after President Donald Trump’s escalation of tariffs.

As the impending tariffs shook the global economy Friday, people who were planning on their retirement accounts to carry them through their golden years said the economic chaos was hitting too close to home.

Some said they are pausing big-ticket purchases and reconsidering home renovations, while others said they fear their quality of life will be adversely affected by all the turmoil.

“I’m just kind of stunned, and with so much money in the market, we just sort of have to hope we have enough time to recover,” said Paula, 68, a former occupational health professional in New Jersey who retired three years ago.

“I looked at my 401(k) this morning and in the last two days that’s lost $58,000. That’s stressful,” said Victor Fettes, 54, of Georgia, who retired last week as a senior director of risk management and compliance at Verizon. “If that continues, I can’t stay retired.”

MSN

No offense to those who are "near retirement", but if you don't have a very large majority of your money in safe investments, that's your fault.

 

[Walt]

No offense to those who are "near retirement", but if you don't have a very large majority of your money in safe investments, that's your fault.

Here is where I have to disagree with you: there is no such thing as a safe investment, much less a safe investment that gives a good return. If you invest in bonds, they can be wiped out by inflation. If you just hold cash, it will be wiped out worse by inflation.

The best strategy is a split between a large number of stocks, and bonds. Some will go with a 60/40 split, I go with a more aggressive 90/10 split(90% stocks).

The best strategy can lose up to 50% every decade or three, but will return so well the rest of the time as to make up for that. trump is creating one of those circumstances that will lose America 50%, and worse yet it is a choice by him.

There is something to add to all this. Maybe this is the end. If trump actually destroys America, there are few if any investments that will definitely survive. In fact, most investments would definitely fail. I am recommending to my children the best investment in any of these cases is a good education.