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

I told you this would not be business as usual,.....those days are OVER. Its time for everyone to be realists now. This is quite literally win or die,.....but it wont even have the luxury of a quick death,...in fact it will be slow, drawn out and painful. I don't want that for the children of America,.....we MUST win.
 
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.”


It's not a problem for the average Trump voter. He or she likely works at an extremely low level, probably minimum wage job that doesn't have a "retirement". Since pensions went away for most jobs years ago few of them probably have pensions.

It is a BLESSING not to have to look at your 401k and know your neighbors were so fucked in the head that they voted FOR the collapse of our economy because they were scared of trans people.

Fuckin' idiots! But blissfully so!
 
I told you this would not be business as usual,.....those days are OVER. Its time for everyone to be realists now.

You're lucky you work minimum wage and don't have to worry about retirement. Hopefully SOMEONE will take care of you in your old age.

This is quite literally win or die

So Trump shoots us in the head and we have to either "win or die". Huh.

,.....but it wont even have the luxury of a quick death,...in fact it will be slow, drawn out and painful. I don't want that for the children of America,.....we MUST win.

too bad Trump fucked you and your kids 6 ways to Sunday. Can't say as I actually much care about you, though. You seem like someone I'll be glad to see suffer from what Trump has unleashed.

enjoy!
 
LOL. No. That is not what everybody on Wall Street does. Long term investing means buying quality stocks and holding them for years, re-balancing as needed over time. No one holds puts or calls long term. Much of the trading of puts or calls is for hedging. I've done it myself. I've also traded uncovered options. I would guess I was trading iron condors while you were still in diapers since my Schwab account exists because Schwab recently bought TDAmeritrade and years before that TDAmeritrade bought Scottrade. Options are short term plays. Stocks are for long term wealth. Research has shown repeatedly that buying and holding will result in more wealth in the long term than playing the market. For every millionaire from trading options there are 100 people that lost money trading options. For every millionaire buying and holding diversified stocks there are zero people that lost money buying and holding diversified stocks.

As for stocks going down, I still own 300 shares of Lehman Brothers. (I doubt you are familiar with what happened to them.)

Any bloodbath for hedge funds is because they guessed wrong on what options they hold. Are you familiar with GameStop and AMC?


It's like you have never heard of a guy named Warren Buffet.
Or is this your way of admitting you aren't a real investor when you say real investors start companies?

^^^lol this idiot really thinks he's fooling us. You know exactly squat about any of it and prove it here.

Too late, moron. Your google scholaring means even less. You never heard of Schwab until I mentioned them, obviously.
 
^^^lol this idiot really thinks he's fooling us. You know exactly squat about any of it and prove it here.

Too late, moron. Your google scholaring means even less.
"Us", Ms. Edwina? You mean Russians? PMSing women? Internet liars and MAGAts on JPP? Who is "us", dear?
 
"Us", Ms. Edwina? You mean Russians? PMSing women? Internet liars and MAGAts on JPP? Who is "us", dear?

Obviously you're projecting again. lol you and Poor Richie and WAlt should pool your dumpster diving 'Recycling Business' revenues and buy some Xanax.
 
Obviously you're projecting again. lol you and Poor Richie and WAlt should pool your dumpster diving 'Recycling Business' revenues and buy some Xanax.
Where's the projection, dear? You've already admitted you sold the US market short and laughed at Americans losing money. Who would do that except an enemy of the United States?

Like a few others on this forum, I have no doubt you are an anti-American foreigner.
 
Where's the projection, dear? You've already admitted you sold the US market short and laughed at Americans losing money. Who would do that except an enemy of the United States?

Like a few others on this forum, I have no doubt you are an anti-American foreigner.

Douche is really peeing himself again.
 
You're lucky you work minimum wage and don't have to worry about retirement. Hopefully SOMEONE will take care of you in your old age.



So Trump shoots us in the head and we have to either "win or die". Huh.



too bad Trump fucked you and your kids 6 ways to Sunday. Can't say as I actually much care about you, though. You seem like someone I'll be glad to see suffer from what Trump has unleashed.

enjoy!
I'm doing quite well. I own several properties and am set up very nicely. Then again I KNEW this would not be business as usual. Most didn't know,....they were VERY stupid. That's on them not anyone else. But relax,......we have no intention of losing,...and won't. Instead we will win BIG.
 
9nbzuu.jpg
Here's a banana for you, Fat Boy:
t1513.gif
 
Back
Top