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submitted 1 month ago by Mee@reddthat.com to c/news@lemmy.world

"The president single-handedly wiped out Americans' retirement savings overnight and subjected businesses to intense whiplash with his increasingly erratic and chaotic policies that continue to drive consumer and business uncertainty."

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[-] peoplebeproblems@midwest.social 3 points 1 month ago

How was Thursday and Friday not a recession? I lost > 10% of my 401k in 2 days.

It took 4 years to get to where it was since I stopped contributing right after the 2020 panic. 4 years of happily let my money do what it should, BAM wiped out in 2 fucking days.

[-] RememberTheApollo_@lemmy.world 1 points 1 month ago

I’ve Lost 15% since this shitshow of president started fucking with things.

[-] ripcord@lemmy.world -1 points 1 month ago

Get your 401k out of stocks for now. Most plans have money market or other options you can exchange for.

[-] gigachad@sh.itjust.works 1 points 1 month ago

Panic drop out of the market after stocks went down some percent, great advice.

Just do nothing and keep your rates (or however US 401k works).

Time in the market beats timing the market

[-] ripcord@lemmy.world -1 points 1 month ago

I guess. Other option is to ride it all the way down. I got mostly out after the election. I got the rest of the way out this year.

[-] Aux@feddit.uk 0 points 1 month ago

That's the dumbest advice ever! That's how you lose all your money. Recession is the perfect time to buy even more stocks and shares. Don't get out, get in!

[-] ripcord@lemmy.world -1 points 1 month ago* (last edited 1 month ago)

Recession is a good time - at the bottom.

We're still at the top.

You guys have fun losing all your money, though. Like the person I replied to complained about.

[-] Aux@feddit.uk 0 points 1 month ago

The only one losing money is you.

[-] ripcord@lemmy.world -1 points 1 month ago

...how?

Selling near the top and buying near the bottom...?

[-] Aux@feddit.uk 0 points 1 month ago

You're doing the exact opposite.

[-] ripcord@lemmy.world -1 points 1 month ago
[-] Aux@feddit.uk 0 points 1 month ago

S&S are going down and you're selling, money markets are going up and you're buying. You're literally doing the opposite of what you want, lol.

[-] ripcord@lemmy.world 0 points 1 month ago* (last edited 1 month ago)

Yes, I sold the stocks while they were still relatively high, before they go down substantially more.

I bought the money markets which are going up instead of further down.

These assets will almost definitely be valued much higher on the near future than if I hadn't made the trades.

I will re-buy stocks when they reach a much lower point and I believe are likely to start increasing steadily again.

Why do you think that's the opposite of what I want? That's exactly what I want.

this post was submitted on 04 Apr 2025
24 points (100.0% liked)

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