Comment on I lost 6 to 10 years of my retirement last week!
Lemmyoutofhere@lemmy.ca 1 week 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.
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
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.
Viable strategy
Landless2029@lemmy.world 1 week ago
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.
Lemmyoutofhere@lemmy.ca 1 week ago
Have a world wide index fund. Just keep contributing. Does not matter what’s going on.
Landless2029@lemmy.world 1 week ago
Yeah but don’t touch your shit until it bounces back. Touch it now and you’re selling low when you bought high.