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re: Trump's Tariff hurts American working class the most

Posted on 4/9/25 at 1:14 pm to
Posted by LSUnation78
Northshore
Member since Aug 2012
14011 posts
Posted on 4/9/25 at 1:14 pm to
What tariffs?
Posted by mtb010
San Antonio
Member since Sep 2009
6102 posts
Posted on 4/9/25 at 1:18 pm to
quote:

That day, a lot people moved their 401K holding from index fund and stocks into low yield, safe funds.

With the market rally this week, these people sold low and will buy high.


Then that would be the individual investors fault, they were the ones that chose to sell low and buy high, no one had a gun to their head and made them do it.
Posted by JohnHager913
Member since Dec 2014
774 posts
Posted on 4/9/25 at 1:21 pm to
I sold all of all SPY long rentals. Back to all cash and watch the clown show.

If the rally sustainable, we should see more chances to buy.
Posted by RobbBobb
Member since Feb 2007
33359 posts
Posted on 4/9/25 at 1:23 pm to
quote:

With the market rally this week, these people sold low and will buy high.

Stupid people, do stupid things. Its not the govts responsibility to put a label on every decision you make today

Warning: touching the floor with bare feet might provide a chill effect. Dress accordingly

Warning: not eliminating your bladder early and completely could lead to an infection. Urinate for effect today

Warning: posting a new topic with little first-hand knowledge, might elicit harsh replies. Read before you post
Posted by JimEverett
Member since May 2020
1929 posts
Posted on 4/9/25 at 1:31 pm to
Were there really 401k managers that pulled out of the market Friday?

If so, isn't that a case for malpractice or violation of a fiduciary or something? That seems insane to me. I am hardly knowledgeable about stocks at all, and even I know that they it is very very rare that markets don't bounce back in a relatively short amount of time.
Posted by rileytiger
Surfing The Gulf of America
Member since Feb 2007
4002 posts
Posted on 4/9/25 at 1:36 pm to
quote:

This kind of round trip is hurting working class the most.


Next it will be the children, right?
Posted by deltaland
Member since Mar 2011
100363 posts
Posted on 4/9/25 at 1:40 pm to
quote:

That day, a lot people moved their 401K holding from index fund and stocks into low yield, safe funds. With the market rally this week, these people sold low and will buy high.


If they did that then they deserve to lose money for being stupid


Posted by The Torch
DFW The Dub
Member since Aug 2014
27591 posts
Posted on 4/9/25 at 1:41 pm to
quote:

a lot people moved their 401K holding from index fund and stocks into low yield, safe funds.


If you moved anything on a three day swing too freaking bad.

Stevie Wonder could see it would all come back after the initial freak out was over.

Posted by Ace Midnight
Between sanity and madness
Member since Dec 2006
94744 posts
Posted on 4/9/25 at 1:47 pm to
Duly noted.*




(*There is no way to stop folks from locking in losses due to a 1-week cliff drop. Why didn't they do it over the last couple of years with similarly poor weeks?)
Posted by BTROleMisser
Murica'
Member since Nov 2017
9268 posts
Posted on 4/9/25 at 1:57 pm to
So pussies panicked after they were told not to... Sucks for them.
Posted by texas tortilla
houston
Member since Dec 2015
4003 posts
Posted on 4/9/25 at 2:00 pm to
Loading Twitter/X Embed...
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if there was a president that wall street loved, it was obama. trump works for the american working class.
Posted by BTROleMisser
Murica'
Member since Nov 2017
9268 posts
Posted on 4/9/25 at 2:05 pm to
Funny, you weren't worried about the insane inflation of the last four years, were you? But you are now, when it really hasn't even happened yet. Just TDS nerds screaming about it will happen, cuz Trump... and OMB... fricking nerd.
Posted by Bunk Moreland
Member since Dec 2010
66546 posts
Posted on 4/9/25 at 2:07 pm to
Trump's first cabinet was a bunch of Goldman Sachs guys and let's not forget who Bessent's former employer was.
Posted by BTROleMisser
Murica'
Member since Nov 2017
9268 posts
Posted on 4/9/25 at 2:07 pm to
quote:


quote:
This kind of round trip is hurting working class the most.


Next it will be the children, right?


Or black people.
Posted by Nosevens
Member since Apr 2019
17128 posts
Posted on 4/9/25 at 2:11 pm to
What inflation last week? Week before? It’s dropped off to 1.4 on last report
Posted by Tigergreg
Metairie
Member since Feb 2005
24460 posts
Posted on 4/9/25 at 2:11 pm to
quote:

Last week, when stock market saw the biggest drop, 401K accounts saw the biggest sale volume.



Ok. They panicked. Bad idea.

quote:

That day, a lot people moved their 401K holding from index fund and stocks into low yield, safe funds.


Ok. They panicked. Bad idea.

quote:

With the market rally this week, these people sold low and will buy high.


See above. Should never have sold. The market always moves up and down.

quote:

This kind of round trip is hurting working class the most.


Live and learn.
Posted by Geekboy
Member since Jan 2004
7182 posts
Posted on 4/9/25 at 2:14 pm to
Don’t mean to hurt your feelings. Seriously.
Have you pondered that you very well may be the dumbest poster on TigerDroppings?
Posted by LARancher1991
Baton Rouge
Member since Jul 2015
2055 posts
Posted on 4/9/25 at 2:16 pm to
If somebody moved their 401k because of a few days of a stock market drop then they are idiots and probably need to just have a set it and forget it 401k
Posted by Nosevens
Member since Apr 2019
17128 posts
Posted on 4/9/25 at 2:17 pm to
And ? I know I’m not in the habit of employing people that don’t know how they are supposed to handle their jobs
Posted by Mizzoufan26
Vacaville CA
Member since Sep 2012
18965 posts
Posted on 4/9/25 at 2:18 pm to
Last week, when stock market saw the biggest drop, 401K accounts saw the biggest sale volume. That day, a lot people moved their 401K holding from index fund and stocks into low yield, safe funds. With the market rally this week, these people sold low and will buy high. This kind of round trip is hurting working class the most.

You’re stupid
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