All three major U.S. stock indexes dropped sharply in Monday morning trading, with investors worried about the uncertainty of tariffs imposed by President Donald Trump on key trading partners and then his refusal to rule out the possibility of a U.S. recession in the coming months.
Oh no, rich people might become… Pffft, of course not. Let those billionaires care about stocks.
First thing they do is fire workers. Ease back on the Pffft, there bud.
Do you know how many average Americans depend on the stock market for retirement? A lot of people will be fucked, not just corps and billionaires. As always, they (the billionaires) will be the most insulated from this.
Unless you’re retiring soon this won’t really be an issue as the eventual rebound will cancel out the losses and any contributions you make in a down market are worth more than in a booming market. For those retiring soon, your money shouldn’t be in stocks as they’re too volatile.
And for anyone who things this is a permanent collapse, if that’s the case then your retirement is worthless regardless of where you have it stored.
I’ve invested all of my retirement savings in bottle caps. I think I’ll be fine.
That’s all true, but there are many people who are planning to retire soon. There are also people who a college saving fund for their kids that is tied to the market, so now their kid’s college fund is much smaller. Depending on how much the market drops, it could really screw over a crop of kids trying to go to school in the near future with other kids their own age.
If people didn’t learn from COVID that they can change to a securities based index and then switch back to the normal index when the market starts to rebound…
They’ll never learn.
You absolutely should not do that. The most robust, proven, long term strategies show that trying to time the market doesn’t work. Sticking with the sp500 index, with a mix of risk hedges adjusted over decades, is robust and proven. The best stock market advice is really boring.
Rich people can actually make money on a crashing market, especially a crash that was EXTREMELY predictable by anyone who isn’t sucking on Trump’s dick. So this will just further increase the rich/poor gap.
That was what I wrote. Insert obvious “poor” instead of “…” and reread.