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Dow down another 1500 points Sunday evening.

eohrnberger said:
Once, having been retired, yes. But not prior to that.

Further, its not like retirement accounts are going to be drained by this overnight either.
Retirement accounts are typically drawn on for years on end until passing, at which point, they become part of the deceased estate.
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Tell that to those who's retirement dates are within the next 2-3 years.
 
j brown's body said:
Reich isn't referring to current conditions in that tweet. its over a year old.
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So are you trying to float the fiction that that a year ago the stock market wasn't the economy, and now it is?
How does that make any sense at all?
 
phoenix2020 said:
Why would one assume that MAGA such as @eohrnberger understand what 401k accounts are, much less when and how Americans utilize them in retirement?
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What I find a bit more confounding is what anyone thinks the argument is the "stock market is not the economy" when there's far more to consider when it comes to what causes stock market declines and how that impacts the economy. Market corrections that are industry related are different than the kind of wide impacts we're seeing across the board with this series of corrections, and the concern here is as things continue to drop due to bad future predictions, it can lead to companies scaling back their hiring or laying people off out of concern they will see reduced profits as a result of the potential trade war. For manufacturers, there is now instability in where they need to produce their goods and what that does to their profit margins.
 
HenryChinaski said:
Most pensions are gone, they went the way of the dinosaur.
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Yes. Defined benefit programs have been replaced with defined contribution programs, and so they should have been.

HenryChinaski said:
401K's are the primary tool available and used by most individuals in the working world as a means to save for retirement. You contribute as much as you can out of your paycheck, as you earn more money, you contribute more.
The earlier you contribute, the more that you will have.
When the markets are doing well, your gains go up, but instability will drop your gains like a rock.
Yeah, people's 401k's savings are the funds that they will use to eat and live on, that's the point to them.
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Agreed, and once retried, you draw on the 401k accounts for expenses which aren't covered by SS payments.

HenryChinaski said:
Trumps idiotic and unnecessary actions are directly altering the course of the retirements and livelihood of millions of people.
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Let's first see how long this period of current uncertainty lasts before we declare predictions of dire outcomes being a certainty.
 
eohrnberger said:
Relying on 401k money to pay for eat/pay rent/etc. is good financial planing in your mind? Is the most common case?
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That's the whole point. The whole point of saving and investing for retirement is to not have to worry about your expenses, whether it's food or rent, or going on a cruise. Whatever it is that one wants to do when they're retired. To live a comfortable life without having to work because you can no longer work. And the idea of not worrying about being destitute is part of that. What happens if you get sick? What happens if you have a major medical procedure? So, yes, relying on 401k money to pay for your expenses including food/rent is the whole ****ing point!

And now because of your stupid decision to support Trump, a lot of people who planned on retiring now simply cannot do that anymore. And they should blame you for that. You did this.

I am frankly astounding by your lack of judgment, but then again you voted for Trump.
 
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Dow down about another 3.2% at the start, and Tesla down almost 7.8%.

All very normal.

Nothing unusual is causing this.

Hopefully, dealmaker Trump can make such super genius moves to get America back one of the many trillions it has lost in the last three trading days, almost like buying a Coke and then grabbing the pennies from the change jar.
 
Dow lost 1200 in 3 minutes. Just saying.
 
eohrnberger said:
Yes. Defined benefit programs have been replaced with defined contribution programs, and so they should have been.


Agreed, and once retried, you draw on the 401k accounts for expenses which aren't covered by SS payments.


Let's first see how long this period of current uncertainty lasts before we declare predictions of dire outcomes being a certainty.
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That (bolded above) remains to be seen, but it could take quite a while (likely beyond the 2026 elections) for the creation of significantly more (re-shored) US manufacturing to occur.
 
ttwtt78640 said:
That (bolded above) remains to be seen, but it could take quite a while (likely beyond the 2026 elections) for the creation of significantly more (re-shored) US manufacturing to occur.
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Heard reporting this morning that some 50 nations are calling the White House and are wanting to discuss / negotiate on trade.
I think the markets will calm themselves allot quicker than what anyone might think.
 
eohrnberger said:
Heard reporting this morning that some 50 nations are calling the White House and are wanting to discuss / negotiate on trade.
I think the markets will calm themselves allot quicker than what anyone might think.
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Who the hell cares if Madascar is calling or Israel, there are 4-5 countries that are only relevant in this:
1) EU
2) China
3) Japan/South Korea
4) Canada/Mexico

Is any of them calling?
 
eohrnberger said:
Yes. Defined benefit programs have been replaced with defined contribution programs, and so they should have been.


Agreed, and once retried, you draw on the 401k accounts for expenses which aren't covered by SS payments.


Let's first see how long this period of current uncertainty lasts before we declare predictions of dire outcomes being a certainty.
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Trump broke a record and shaved 7 trillion from the economy in 48 hours and that number continues to drop.
What I can't fathom is who in their right mind would think that a man who managed to bankrupt not one but two casinos and numerous businesses would turn the US economy into a positive?
He's literally destroying the economy and draining people's retirement accounts in real time.
 
eohrnberger said:
Heard reporting this morning that some 50 nations are calling the White House and are wanting to discuss / negotiate on trade.
I think the markets will calm themselves allot quicker than what anyone might think.
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Wanting changes and getting changes are very different things. IMHO, if Trump continuously changes his foreign trade/tariff policy then the resulting impact of market uncertainty will get worse.
 
now ..... the question is ....

when will the bottom be reached ? when crashes happen, think of it as amazing buying opportunities

what stocks will rebound the fastest, which are the best deals to buy and when ?

Tesla - American made cars, prices falling .... buy at $220? $200 ? in 2030 will TSLA be a $500 stock again?

these opportunities are every 6-8 years
 
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