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Started By
Message
Ntfx Amzn and 401ks selling off and Biden is to blame
Posted on 1/21/22 at 9:13 am
Posted on 1/21/22 at 9:13 am
Inflation and Biden policies one year in, are causing retirement accounts to tumble, likely are in for a bad year.
Thanks Biden
Thanks Biden
12
Posted on 1/21/22 at 9:19 am to Padme
Don't remind me.
Posted on 1/21/22 at 9:23 am to Padme
If you have accessible retirement money, you should get it out of the bank and go purchase some land.
Posted on 1/21/22 at 9:23 am to Padme
Biden is hurting FANG and the global elitist tech companies?
This post was edited on 1/21/22 at 9:24 am
Posted on 1/21/22 at 9:25 am to Coleridge
No where near retirement. DCA time
This post was edited on 1/21/22 at 9:26 am
Posted on 1/21/22 at 9:26 am to Coleridge
quote:
Biden is hurting FANG and the global elitist tech companies?
He accidentally did something right.
Posted on 1/21/22 at 9:30 am to Bestbank Tiger
And he better hope they stabilize, Nancy might have to order up an Arkancide
Posted on 1/21/22 at 9:35 am to LSUmajek
I am about 5 years out. Last couple of months are kicking me in the nuts.
Posted on 1/21/22 at 9:36 am to Padme
quote:
Inflation and Biden policies one year in, are causing retirement accounts to tumble, likely are in for a bad year.
Riveting insight, chap.
Posted on 1/21/22 at 9:38 am to Eli Goldfinger
quote:Already did. Now, if I could just find someone to thin it for me.
If you have accessible retirement money, you should get it out of the bank and go purchase some land.
Posted on 1/21/22 at 9:40 am to TigerCoon
quote:
I am about 5 years out. Last couple of months are kicking me in the nuts.
I'm no financial expert, but I would think you should be pulling out of the high risk investments if you are only 5 years from retirement.
Posted on 1/21/22 at 10:18 am to Padme
Biden thinks this is an accomplishment because he’s reducing the number of peasant millionaires. Joe doing work!
Posted on 1/21/22 at 10:22 am to Eli Goldfinger
quote:
If you have accessible retirement money, you should get it out of the bank and go purchase some land.
So sell low and buy high?
Posted on 1/21/22 at 10:24 am to NPComb
quote:
If you have accessible retirement money, you should get it out of the bank and go purchase some land.
Please stop giving advice!
Posted on 1/21/22 at 10:41 am to Padme
Yeah it sucks for folks nearing retirement if they have not protected their investments.
For me, there is no better time for a correction. I retire in 25 years. Let's catch this sale.
For me, there is no better time for a correction. I retire in 25 years. Let's catch this sale.
Posted on 1/21/22 at 10:48 am to SidewalkDawg
Oh, I agree completely. I was going to move money around at the beginning of 2022. Two months too late. When you've tasted the "peak" , it's hard to tell a blip from a correction.
This post was edited on 1/21/22 at 10:52 am
Posted on 1/21/22 at 10:57 am to SidewalkDawg
quote:
quote:
I am about 5 years out. Last couple of months are kicking me in the nuts.
I'm no financial expert, but I would think you should be pulling out of the high risk investments if you are only 5 years from retirement.
Agree, but outside of hard assets there’s really no alternative investments. Bonds likely will suck for the foreseeable future, crypto? I’m not convinced people should dump more than 10-20% of their cash in crypto, same with precious metals….the fiat monetary system has brought a lot of uncertainties for people who are trying to save for retirement or for those people who have retired. When interest rates on money market and savings accounts are near zero, 5 year CDs are less than 1% you know a hard crash and thud is inevitable.
Posted on 1/21/22 at 11:03 am to Padme
So all this, was caused by Brandon being elected one year ago?
Please tell me know about your economic expertise Padme
Please tell me know about your economic expertise Padme
Posted on 1/21/22 at 11:07 am to TexasTigers512
quote:
So all this, was caused by Brandon being elected one year ago?
He failed to correct the course which he could have. He instead piled onto the economic slide into oblivion
Posted on 1/21/22 at 11:07 am to TexasTigers512
A bunch of the excess cash that has been floating around landed on speculative stocks in the tech realm. People are transitioning to things that actually make money now and not five years from now
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