Posted on 04/22/2025 9:38:50 AM PDT by SoConPubbie
All I see is Mr. Trump wrecking my retirement account
You signed up in 2023 and you have no homepage description. You have been complaining about what ‘Trump has done’ to your retirement account. How old are you? Are you retired or just saving for retirement? Would you like to tell us how long you have been investing, and by dollars or percentage, how much you are down, and how long before you actually draw on those funds?
Sorry if you think my questions are out of line, but I think your complaint needs to be better founded. All of us are down with respect to last year. But we are still up more than 10% per year for the last 9 years. In January of 2016, the Dow was just below 17,000. Thats a ‘boom’ market. If you are investing for retirement or anything, you look long term, and you start early if you are smart.
You cannot look back at any dip in history and say it was a mistake to buy the dip. It does not exist.
You need to look with better eyes.
I’m about to retire, I may not be able to now. Also, while you may value how long someone has been here, it doesn’t mean squat to me. Some of FR seems to think with time here, you get some special right or privilege. Guess what? it doesn’t. I can say, feel, think whatever I like. I voted for Trump, but unlike you, it seems, I don’t walk lock step with anyone. So FO with your comment and have a peachy day.
I assure you, I see just fine.
If you have disposable income to invest in the dip, then you are fine. I don’t. I rely on what will be. Since I’m about to retire, I do not need this instability. Trump screwing with the tariffs doesn’t hurt him or the DC crowd, it hurts the little guy, the small time investor. Would we be in worse shape if Harris was in, damn right we would be. All I can see now is a lose-lose.
Like I said, we are all down. But if fixing the country is the result, its a small cost to pay.
I didnt set out to make you angry, and I wasnt judging you my your short time here. I was giving you the opportunity to explain. Blank pages dont help, but certainly your right to remain anonymous.
So explain and maybe we can understand. How old are you? If your are 60 or below and wanting to retire, no sympathy from me. I am still working hard at 63. If you are older, then ok, how much have you saved up and what percentage is in the market? Whats your SS income? Do you have defined benefit retirement? How long did you plan for your retirement nest egg to keep you in retirement? 10 years, 20, 30?
If you were that close to retirement why was your risk profile so vulnerable to short term market movements? Your right. You would be worse off under Harris so what are you bitching about?
When has the market gone more than 10 years without a dip? And you are blaming Trump when the market was over inflated and due a correction for all those Biden years? This was coming and anyone could see it, and not from tariffs. Thats just the excuse.
Well, people who bought the 1929 dip too early - before the 1932 bottom - ended up needing 27 years to get back to even.
You can certainly buy a dip way too early. But anybody nearing retirement should have been transitioning into fixed income long before now.
If you are not willing to take the risk, this is true.
The last year of Biden’s term I made some money in the market. I expect things to figure out eventually, but eventually isn’t something that to be retired people like.
Since you are about to retire you need a strong market for the next 10 years. Not only will Trump (and his successor) do that, he is creating a strong market for a year from now by standing firm on tariffs and forcing the market down faster.
The quicker the fall, the quicker and stronger the rise. See 2020 for the most recent example: https://g.co/finance/.DJI:INDEXDJX?window=MAX The theory is that a rapid drop gets rid of the weak hands. The strong hands remain and carry the market to new highs. Another way to look at it is that a frothy bubble of tech momentum stocks is a shaky foundation for the long term. Instead we'll have new US manufacturing stocks instead of the made in China fake manufacturers.
The longer the bear market, the longer the recovery. That's why Trump's insta-bear market is so promising. By standing firm and driving the market down to as low as possible now he will get a faster and stronger recovery.
“I’m about to retire, I may not be able to now.”
I would gladly work 3-5 more years if it means the return of American industrial might and prosperity. My daughters’ future depends on us getting this right.
However, I don’t believe I will need to work beyond my retirement age because the market will be just fine.
Anyone who was paying attention to Trump and then voted for him knew this was coming and what his plan was. He’s been talking about tariffs for literally 40 years...
I agree with the idea, things should be made here. Problem is, that is long term and things will flip in 2 years.
Yeah my financial planner tells me the same thing, I just like to b!tch about it
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