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401 (k) heist up next

TBLee

Governor
The government has no place telling people how they must invest.
If people want to invest in ESG they should be free to do so.
As long as the investors are aware of it. Of course, it is always wise to know where your investments are and feel completely comfortable with one’s financial advisor. My hope is that all those who are losing money on a daily basis while Biden is our President get relief during the next Presidential election. I much prefer the way our 401.k looked before Biden was elected. Lucky for us we are able to let it all ride for now, many do not have that option.
 
As long as the investors are aware of it. Of course, it is always wise to know where your investments are and feel completely comfortable with one’s financial advisor. My hope is that all those who are losing money on a daily basis while Biden is our President get relief during the next Presidential election. I much prefer the way our 401.k looked before Biden was elected. Lucky for us we are able to let it all ride for now, many do not have that option.
What would another person do as president that would make your 401k go uppies?
 

TBLee

Governor
What would another person do as president that would make your 401k go uppies?
Well…..I will say my 401K was thriving during the past administration. I much preferred my figures before Biden took office. Biden is responsible for our current inflation issue, thus…….the downfall. It is ok, I can wait until Biden is out of office. In no hurry to dip into my 401k, at least not for a while. Careful planning.
 
Well…..I will say my 401K was thriving during the past administration. I much preferred my figures before Biden took office. Biden is responsible for our current inflation issue, thus…….the downfall. It is ok, I can wait until Biden is out of office. In no hurry to dip into my 401k, at least not for a while. Careful planning.
Try to focus and answer the question...What would another person fo as president to make your 401k go uppies?
 

TBLee

Governor
Try to focus and answer the question...What would another person fo as president to make your 401k go uppies?
A good start would be to work on inflation. Or imagine……..not selling our Country out. Allowing our Country to supply the fuels needed to live our day to day life.. I answered, now you answer my question….Why was our Country on the upswing and 401k’s were on the upswing under our past administration, and are now in the shitter within weeks of Biden becoming our President? Like I said, all is ok with me, as I don’t need to dip into my retirement yet. That is NOT the case for many, who lost a huge chunk.
 

Dawg

President
Supporting Member
A good start would be to work on inflation. Or imagine……..not selling our Country out. Allowing our Country to supply the fuels needed to live our day to day life.. I answered, now you answer my question….Why was our Country on the upswing and 401k’s were on the upswing under our past administration, and are now in the shitter within weeks of Biden becoming our President? Like I said, all is ok with me, as I don’t need to dip into my retirement yet. That is NOT the case for many, who lost a huge chunk.
Watch OCF RUN
 

Dawg

President
Supporting Member
Well…I am hoping he has invested well, as he has made it clear he does not plan to collect Social Security at retirement as that would make him a “leach on society”.
Well, by the time he could retire, there will be NO SS
By not repaying his student loans he's already a leach on society
So it's all good
 
A good start would be to work on inflation. Or imagine……..not selling our Country out. Allowing our Country to supply the fuels needed to live our day to day life.. I answered, now you answer my question….Why was our Country on the upswing and 401k’s were on the upswing under our past administration, and are now in the shitter within weeks of Biden becoming our President? Like I said, all is ok with me, as I don’t need to dip into my retirement yet. That is NOT the case for many, who lost a huge chunk.
Your 401k return has very little to do with who the president is, and right now it has a lot to do with interest rate expectations.
And interest rate expectations are determined by the market, not the president.
Blaming the president makes you look like an ill-informed simp.
 
Presently for next 2 years Joe is the one destroying 401 (k)s
No more like the Fed is killing your 401k in attempt to quash inflation.
If Biden or any president were to make changes at the Fed that would signal to the market that the government is not serious about fighting inflation... then your 401k would get murdered like you have never seen before.
 
Dude, why do you always post like a 1985 valley girl?
Look at the audience. I am not going to get into an esoteric discussion of interest rates and free cash flows here with a farmer and a retired lunch lady.
There is one thing that matters here...
Stocks go Uppies or downies? Or since it is political discussion board... president make stocks go uppies or downies?
 

RickWA

Snagglesooth
Look at the audience. I am not going to get into an esoteric discussion of interest rates and free cash flows here with a farmer and a retired lunch lady.
There is one thing that matters here...
Stocks go Uppies or downies? Or since it is political discussion board... president make stocks go uppies or downies?
It’s fine. I just don’t get the “uppies” and “downies” stuff. I guess this is where I write “whatevs”.
:)
 

TBLee

Governor
Your 401k return has very little to do with who the president is, and right now it has a lot to do with interest rate expectations.
And interest rate expectations are determined by the market, not the president.
Blaming the president makes you look like an ill-informed simp.
Of course it does, that along with who is charge of the Senate/House. If you believe the moves made by the Biden administration has had nothing to do with inflation and the stock market then you are more naive than I originally thought. You really need to get out of the basement more…
 
Of course it does, that along with who is charge of the Senate/House. If you believe the moves made by the Biden administration has had nothing to do with inflation and the stock market then you are more naive than I originally thought. You really need to get out of the basement more…
Its not their personalities that move their markets.
It's their actions or more precisely the expectation of their actions, and you can't identify anything that would be done differently.
 

TBLee

Governor
Its not their personalities that move their markets.
It's their actions or more precisely the expectation of their actions, and you can't identify anything that would be done differently.
Exactly…it IS their actions and in some cases refusal to act. The inflation reduction act does nothing to truly address the inflation issues. The 2 trillion dollars American rescue plan has also been scrutinized by economists. Border crisis, Messy Afghanistan withdrawal, Energy dependence crisis, Crime surge, inflation, there is a very long list of items that have directly contributed to the mess our Country is currently facing all of which can impact the economy and direction of our Country.
 
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