Comment on I lost 6 to 10 years of my retirement last week!
Lemmyoutofhere@lemmy.ca 1 year ago
You only lose if you sell. So I haven’t lost anything.
You lose if you sell or if Trump fucks up the economy enough to completely wipe out many businesses (such that their stocks go to zero/get delisted).
Frankly, given the real possibility of (a) the US becoming a Russia/Iran/North Korea-style pariah state or (b) the MAGA fascists triggering a civil war, that could actually happen.
Yeah, I’m a normal oh dear gods we’re all gonna die depression like this, t bills. T bills are not secure. Oh dear gods we’re all gonna die.
This is the only strategy.
If I was smart I’d have switched my index to a global or overseas one. Then back after Tusk crashes the market. Which they did.
Have a world wide index fund. Just keep contributing. Does not matter what’s going on.
Yeah but don’t touch your shit until it bounces back. Touch it now and you’re selling low when you bought high.
Viable strategy
GoodOleAmerika@lemmy.world 1 year ago
U will have to sell one day, time ticks, u get old, u need the money. Then realize our 401k became same as Japanese stock market
PyroNeurosis@lemmy.blahaj.zone 1 year ago
Nope, I’m taking my shares with me to the grave. I have a lawyer agency ready to prop up my rotting corpse in every shareholders’ meeting.