• TrickDacy
    17·
    5 months ago

    Copying what I just wrote elsewhere because it’s even more relevant here:

    My 401k lost value significantly the week before the election, but has rebounded now. The slime balls who dominate the stock market must have been afraid that Harris would win. This country is disgusting.

    • QuarterSwede
      11·
      5 months ago

      My 401K was up 6.28% for the last quarter, 11% election week, and post it’s up 21.53%. Not sure what your 401K is investing in compared to mine …

      • TrickDacy
        1·
        5 months ago

        Hmm, interesting. I couldn’t tell you really, other than I selected an option that is supposed to be slightly on the higher-risk/high-growth potential side

        • QuarterSwede
          21·
          5 months ago

          I usually go balanced. I’m not a major risk taker and that’s done well for my portfolio over the years.

    • PotatoesFall@discuss.tchncs.de
      22·
      5 months ago

      their companies are expected to do well so the share price goes up. their wealth isn’t all cash in a bank, it’s mostly owned shares and other assets.

      capitalism is a bit silly sometimes

        • TimLovesTech (AuDHD)(he/him)@badatbeing.socialEnglish
          2·
          5 months ago

          And the same asshats that voted for him are going to be paying for these tariffs with higher prices and blame Biden. And the companies are going to make record profits and get more tax breaks and government handouts.

        • TrickDacy
          1·
          5 months ago

          The wealthy have huge tax cuts to look forward to

          • Flying Squid
            1·
            5 months ago

            Huge tax cuts in a country where the economy crashes at most offset the damage. Elon and Zuckerberg would do better not to stick around, but I don’t think they’re that smart.

            • TrickDacy
              2·
              5 months ago

              I’m definitely not implying they are smart or will profit as much from his presidency as they think, but they’ll be just fine. They cannot wait to have the American working class subsidize their companies, and that will happen. And the Trumpist morons will somehow love it and swear their taxes are lower too.

  • hyperreal
    6·
    5 months ago

    The impact of Citizens United v. FEC (2010) cannot be overstated.

  • QuarterSwede
    41·
    5 months ago

    We really need to take them at 90% like we used to.