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Oh boy...
yup
thats why 401ks are a scam
seldom anyone can sell on time and by the time they can its too late
now me and most 401k holders are ed
Oh boy...
That's nearly 1/2 the jobs added since Jan 2017... gone in a single week
It would be an interesting project to add up all the job losses under Republican presidents in the last 120 years, and compare that to job gains under Democrats.
great depression, 1989 market crash... 2001 recession, 2008 market implosion, and now this.
Lots of bad luck and some ty policies.
yup
market going up early
come on make it to 25k at least this week
so I can remove all my 401k....
come on
- "We want FDIC for our money, Jerry. I don't see any of that here."
- "Wade Gustafson" - "Fargo"
"studies show" national debt and violence higher under Repug administrations
That's why the old man talked Congress into passing it tomorrow, not today, so, he could sign it tomorrow & have a late goose leading to a 1/2 decent weekend where he can perhaps sleep a bit..." me, I'll worry about Monday on Monday."
25k. If it hits 23k GET OUT
401ks are not scams - they are a good vehicle for retirement investment - especially with employer match (that's free money). I'm sure most 401ks have a more conservative option than stocks (money market or bonds) or a target fund based on retirement age. If one is near retirement, one should not have the majority of one's retirement money in stocks (just a part for continued growth in the future).
its a scam and corona is exposing it
I do the conservative option (30% stock i think) and still got ed
No one knows where the bottom is. 18k+ was pretty low. My philosophy is to buy a little on the way down (and double up when I think it's near the bottom like when SPXL and FAS were in the teens) - it's scary and I have to force myself to keep buying when it seems like the bottom is nowhere in sight. I'm almost out of cash but SPXL and FAS would have to drop to $15+ and $12+ (I don't see that happening) to buy more. I'll hold until the market recovers (it probably won't get back to where it was anytime soon) and sell everything/park in cash and wait for next dip. I think this is a once in a decade buying opportunity.
It makes no sense to sell now. Hold as long as possible and take your RMD (at age 72 instead of 70 1/2 now)
72???
no
If you all thought Medicare was in trouble before this coronavirus, that 2026 (when benefits were predicted to be cut) will fast forward a lot after this virus works through our senior population.
In your case it would probably help your cause.
Sell on time... This is a huge problem with all stocks, proper timing, at least on paper.
This pretending you can sell high at the highest and buy at the lowest is ludicrous.
And a proper 401k should probably have you getting out of stocks and into bonds as you age and assume it has dollar cost averaged.
All these wanna be fund managers...
Health care was gonna be fixed by orange guy, one of his biggest promises.
They had the biggest bestest plan that ever existed. Except they didn’t.
It never even existed, there was nothing.
Hospitals are going to be in a world of hurt after this. Elective cases, which account for about half their revenue, are all being canceled and what’s left is intensive care which cost much more than what’s reimbursed. As it is only 25% of hospitals are for profit. The bail out won’t come close to making up the difference.
It won't be the last, but, looks like the US Congress is about to go home for a month.
The comparison with the epochal financial panic of 2008-9 is stark.
This week's UI numbers (for the week ending 3/14) are 6-7x larger than the worst week of the Great Recesssion.
why? the #BoomerRemover should actually ease off the benefits that need to be paid for care. Once you dieded, you're off the system.
No, and no one is going to pay for their during & after this...just like the old days. "It's Corona I ain't paying."
"I ain't paying because of Corona."
"I ain't paying."
"Me no speak a English. I no pay."
"No."
"No. Sue me."
We're all paying in the end after the inevitable bailout.
Maybe there's an attic?
You said the same thing about 22.
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