I have SS and my husband does too, plus a couple of small pensions....we depend on our retirement savings....
so yes, we're screwed....
#53 My AMD stock was at a high of $162 in Dec 2021 and now is at $85. It rose nearly $6 on Thursday then settled at about $4.55+ On Friday it fell $4.12... but up in after hours a bit.
I planned my retirement if my stock was $100. I waited till it was $148 and then quit last Nov 2021 then the stock went down down down after the Fed chairman announced in early Dec 2021 he wanted to raise interest rates.
I figure I have 20 years just spending the principal at more then I took home from work if the stock does not drop more and could stretch it out by spending less. Add in social security of $31,000 a year when I start to collect at 70 (several years away) and it be more then double.
This is assuming the stock and economy recovers but with the literal traitors on both sides taking bribes from the communist Chinese and Russians and the money laundering in Ukraine who knows what the coming year will bring.
AMD gives earnings on Tuesday afternoon May 3rd and it is expected to be great again but this market is spooked as the democrats are doing everything to wreck the economy on purpose. The stock price will go up but may stall for many months.
I may sell and wait for a better time when it bottoms out to buy back.
I hope it already has bottomed out!!
Key Points from fool.com on Friday.
AMD will release its first-quarter earnings report on May 3.
The company is expected to deliver terrific revenue and earnings growth.
Motley Fool Issues Rare “All In” Buy Alert
AMD chart
https://finance.yahoo.com/quote/AMD?p=AMD