At least she has some lol
…
…I’ve gotta get my shit together
…and it’s gonna be a bear market… so buy honey, got it
I have long since accepted that there is little to no hope of me being actually able to afford retirement.
But my Hemingway account? … $1.50, fuck, can’t even take that route in 25 years.
We don’t have much at all, we’re in our late 30s and have only kinda been getting our shit together for like 3-4years now. I work for myself so it’s not entirely out of the cards if I play it smart.
I just am new to like actually having enough income to have to think about it lol. First big boy tax season puts things in perspective
When I said I like hanging out with bears I meant whisky with gay men not economic collapse
The reason it’s called a bear market is that while twinks prosper under the bulls, financial stress makes them gain more body hair.
Oh no, I can’t manage to grow any more body hair than I already have! It takes so much conditioner!
That reminds me of how a one night stand once woke up and thought they were petting my cat for a moment before realizing it was my chest.
Makes sense they probably put on a few fron stress eating while they’re at it
- Don’t sell
- Don’t try to time the upswing either
- Best thing right now is to diversify, especially outside the US
Don’t sell is only good advice if the dollar holds value. Which at this rate, it won’t, especially if Germany doesn’t get its gold back.
If it doesn’t, the market simply won’t recover because your currency will be worth as much as the original Salvadorian Peso essentially. At which point selling the stocks and buying Euros cash or Euro stocks would be the better option.
It’s good to remember many empires thought they would be eternal.
Sound advice
I limited the losses in my (relatively small) 401k by rebalancing it about three weeks ago into mostly bonds and a few small cap/international funds… So far I’m only down about 4% instead of the total market’s 14%. Still losing, yippee
Yeah that seems like a sensible move that should’ve occurred to me earlier
Oops
It’s honestly impossible to fully disconnect from the clusterfuck that’s happening with the US markets due to the absurd tariffs. Like the person above says, you can mitigate it by going to more international funds and bonds, of which I definitely agree. However the US controls the global currency, and is the worlds importer, so every countries debt/exports is wrapped/linked to them, either direct or indirectly. That’s why every nation is so nervous, and trying to find alternative trades like Macron is doing to compete with the F-35s sales in Europe, the orange twat has screwed the whole global in one fell swoop.
Assuming you have at least 10yrs to retirement, that isn’t necessarily a sensible move. Ok - so you’ve gotten out of equities to limit risk in the short-mid term. Great, you will lose less than if you were more exposed to equities.
If you believe that the economy will recover, as it has every time a recession has hit, then you will need to get back into equities. That requires calling the bottom correctly. If you do not continue DCAing into equities as they fall and/or do not re-buy at less than you sold for, you will not benefit from the recovery. Essentially, you are solidifying your losses and potentially missing out on future gains - which can come at extremely unpredictable times.
It makes more sense to ensure you’re at your target allocation, then DCA like you always should be doing all the way down. Then you are at your accepted risk level and get to benefit from the economic recovery - which will come eventually. If you dont need the money soon, the best thing you can do (historically speaking) is hold on to your investments and just keep investing.
The assumption is a recession.
The reality is Trump may straight up lead y’all to a depression. Or just straight up balkanization fracture.
That’s definitely possible, but unlikely. And, with a long enough timeline to retirement, you’d still come out ahead if your asset allocation was correct.
In the Great Depression, the market recovered to its 1929 peak in under 30 years. So, theoretically, if we had another great depression right now, people under 35 or so would be OK even if they were 100% in equities. The older you are and more overleveraged toward equities, obviously the worse off you’d be. https://www.macrotrends.net/1319/dow-jones-100-year-historical-chart
Assuming we will have another black swan event of the same magnitude as the Great Depression is a longshot. Could it happen? Yeah. Is it a safe bet to stake your retirement on? No.
I am not a financial advisor, and this is not financial advice, but making drastic moves based on stock market fluctuations is generally not a good idea. What is a good idea is managing your risk exposure and diversifying your investment vehicles.
google search inquiries for “exponential decay” may be spiking soon
Since the dip, I figured I’d take out a loan against my 401k and use it to pay off some debt.
Makes me kinda glad I cashed out my measley 401k in December.
Sold high!
(To buy groceries at high)
