Posted on 03/13/2025 3:36:43 PM PDT by Oldeconomybuyer
Turmoil on Wall Street is keeping financial planners’ phones ringing as 401(k) holders watch their retirement account balances fall with the stock markets they’re tied to. For the most part, they’re being told to sit tight and breathe through it.
Vanese Pitts said she watched her husband’s 401(k) shed $8,000 on Monday, when a wide-ranging market selloff pushed the S&P 500 to its lowest close since September. The sharp downturn in recent days followed several weeks of losses on Wall Street that have left the stock index about 4.8% lower than where it started the year. Many 401(k)s follow the broad-based S&P closely.
Pitts was among those who took to social media platforms to crowdsource advice and commiserate this week, as President Donald Trump’s trade war with America’s closest allies sends tremors through millions of savers’ retirement investments. His chaotic rollout of new tariffs, the retaliatory levies they’ve triggered, and an ongoing purge of federal workers have stoked fears of rebounding inflation and a potential economic downturn.
As difficult as it’s been for Pitts to “just let it stay and hope for the best,” she said she and her husband aren’t touching their retirement funds. Instead, they’re thinking about getting a financial adviser to help them protect their savings.
“Every day it’s something different,” Pitts said. “Something that’s not good.”
(Excerpt) Read more at nbcnews.com ...
NBC BS
More fear pron from the LSM.
Therapists are cheaper than financial advisers.
https://www.bogleheads.org/wiki/How_much_do_you_lose_to_annual_fees_after_many_years%3F
Silver with a bump to a 12-year high.
Wall Street is going through detox from easy money and a high dollar
It will be fine.
On average, the market declined 10% or more every 1.2 years since 1980, so you could even say corrections are common.
And gold peeked over 3000.
“Turmoil” on Wall Street....
It’s turned into a Bear Market.
It’s difficult to believe that there aren’t Anti-Trump forces at work.
“And gold peeked over 3000.”
_________________________________________________________
Gold doesn’t peak when people have high confidence in the economic environment ahead.
“And gold peeked over 3000.”
What did it see?
I meant “peeked”. Was briefly over the line and ended back down.
A correction has been in order, since before the election.
Ridiculous P/E ratios for Boeing, Walmart, Broadcomm.
President Trump’s Tariffs Campaign, timing, will get some blame.
But weak consumer purchasing power for vehicles, has been obvious.
It looked over the 3k line and then receded back down. Whatever it saw, it didn’t stay for a good look.
People who get rattled and unnerved by market gyrations probably shouldn’t be in the market, or at least not overweight stocks.
For some people corrections are opportunities to add quality holdings to their portfolio. Just saying.
I was thinking it maybe saw Trump’s “Golden Age” on the near horizon.
Trump seems to have long liked peeking at things that are at least covered in gold foil if not solid.
If 4.8% is sending shudders through your financial stability…you really need to examine your situation.
I’m only worried that the WEF Clowns will try and start WWIII to destroy the rebirth of America. The enemy troops under the command of the #JihadJunta are here.
After avoiding mentioning Biden was never in charge over the
last four years, they now spend endless hours scouring the
internet for misplaced commas instead of periods they can
spin negative for Trump.
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