TBD
To Be Destroyed
They are still saying it is “normalizing”.
Yeah, right.
“Normalizing” = we dgaf what happens to everyone’s finances because we’re completely insulated from the effects.
My 401k lol
Moved mine to 100% international allocations on the 4th, up like 3% since then, highly recommend
Yup. Ouch.
I’m yelling timber!
You better move. You better dance.
Where AMD, Nvidia and Intel!?
I know nothing the stock market does is ever good for actual people, and any direction the line goes will be used as an excuse to commit atrocities against the poor, but I do feel a little thrill seeing it go down as the contrivances of ‘wealth’ used to gaslight us into not taking the full value of our labor at least superficially collapse.
Ok just to clarify your first point: 60% of Americans have either a 401k or Roth IRA. The stock market is not the be all and end all economic factor but it does affect a large swath of Americans.
You can allocate your funds to international investments only
they ‘have one’, I have had friends who found out an employer created one for them with pitiful amounts of money in them, or they got paid partially in them. nobody I know genuinely believes they’re going to retire. very few people I know believe in a far-future. not far as in ‘i read the foundation novels and damn, that shit blew my mind because im the most basic bitch possible’ i mean ‘far future’ as in ‘I might die older than my grandparents’
that’s not to disregard what you’re saying completely, of course. it will fuck a lot of people up. im sure. but line-go-up hurts just as many, if not more, people.
Then your friends and people you know are morons. If your place of work provides a 401k or 403b, you can talk with an advisor for free to decide how you want to invest and how much. There is pitiful amounts of money in them because they didn’t add anything beyond the minimum and whatever their employer is matching. It’s also a good way to lower your tax burden at year end.
If your employer doesn’t have 401k or 403b, it’s even more important to have a Roth IRA. You can’t put as much into it each year and it’s post tax dollars, but it’s better than thinking you’ll ever get social security in 20-40 years.
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401k is a scam that was used to help kill pensions. The only reason to use one if your job locks part of your pay behind matching some of your contributions.
Even the tax savings is a lie. It’s just a deferment and you pay the full income tax rate on it when you are eventually forced to withdrawal it. Even on the gains if you’re lucky enough to be up when you need it.
It also systematically intentionally forces the most vulnerable to be entirely dependent and aligned on capitalism
Yes. You eventually pay the taxes on it. However, there is this thing you’ve never heard of called “Marginal Tax Brackets” This makes it so that when I do eventually pay the taxes on it, I’m not paying at the income level of when I was employed and instead much lower when I’m retired.
Pensions are better, but calling a 401k a scam just makes you look stupid.
If you have enough in it to live comfortably, it’s not better than rolling your own and paying at the capital gains rate. To actually save you better really like tuna fish sandwiches.
I would suggest you learn a little more about how Capital gains tax rates, both short-term and long-term, are impacted on a 1099 form, before talking about tax breaks, tax brackets, or investments. Please do not give anyone advice. You are not a financial advisor and the advice you are giving, would ensure no one has a life or savings before or even after retirement.
lol, thinking you’ll be alive in 20-40 years. should I throw salt over my shoulder in case there are fairys there? offer up sacrifices tot he gods? stay off ships named after greek goddesses of agriculture, or just stuff from greek myth in general?
Don’t forget 529s…
There goes my savings
“Go woke, go broke”
Go fascist, go…broke-ish?
Go fash lose cash
There it is, much better, bravo!
Line goes down, arrows go up.
He did say he would be bringing prices down on day 1, just didn’t clarify he meant stock prices, not grocery prices.
Rodrigo Duterte
The stock market is generally more of a “rich people’s feelings” graph - very few Americans relatively are invested in any meaningful way, most if they are do so through a 401k or similar. That said, what “the market” hates most is uncertainty - and there’s quite a lot of reasons to be uncertain at the moment between tariff threats and mass layoffs (not to mention geopolitical tensions).
Importantly though (and this is just a personal opinion) I think many stocks on the market are way overvalued. Executives and investors have used every trick in the book to “make a line go up”, which means they aren’t really operating on any business foundation designed for longevity or to withstand swings in the market. There’s bubbles lurking in a lot of sectors. I’d guess at least some of this downwards momentum will be a market correction for some of these issues.
As always though, it’s the folks invested through pensions and 401ks that have the most to lose relatively. The big players have probably already taken out their cash and are just waiting to see what they can buy up in a crash.
I watched a comedian on YouTube make a great point: When DeepSeek was announced the markets lost a trillion dollars in value and almost no one noticed except like twelve people.
Josh Johnson
I listen to him at work
He’s such a great comedian. He only gets a few minutes a week on The Daily Show, but it doesn’t really do much just to show how smart and funny the dude is. I love that he frequently posts full 30 or 40 minute sets on YouTube covering current events.
He’s quickly building a core fan base with his current events shows, great mix of comedy and reality
most if they are do so through a 401k or similar.
It’s pretty easy to swap what’s being held in your 401k to Canadian/EU portfolios
The FO phase of FAFO.
As of 1:00 PM EST, it’s down 12% on the day and dropping 🥰
As of 3:00 PM EST, it’s down over 15% on the day and in a bit of a further swing 😍
🍿🍾
You love to see it.
I love it.
All I see here is a bunch of companies that were massively over valued in the first place.
I sleep.
whos cashing all this out? and are they paying taxes on it? like how does it work? can you just move your assets/ close out on positions and immediately shove them into some compounding interest account but still capture all the profit, with no capital gain tax?
It depends on whether you’re rich enough to not pay taxes.
Depends which country you live in. But in the US you’d still pay capital gains tax over it I reckon. Since it applies at the moment of the sale of an asset. Unless it’s a IRA or 401k then you pay income tax at withdrawal. Of course you pay the taxes end of year. So you can still put it in a savings account and receive interest on all the profits before you have to pay tax
If those stocks were held less than a year you pay income tax over all your short term trades total realized gains end of the year.
If it’s in a Roth, you don’t pay tax on trades.
IRAs and 401ks aren’t taxes until you withdraw the money (and Roth IRA/401ks aren’t taxed at withdraw cause contributions are taxed).
Yes. I know how taxes work. I have a Roth, 401k, 403b, and a “for fun” investing account.
Hopefully large institutions seeking stability.
I’m fairly certain until you put the money in your bank account and out of your brokerage account. You can do whatever the hell you want, but I also don’t trade like that.
