A 401k isn’t mandatory. If you’ve got an issue with having a 401k, you don’t need to do so. I suspect, however, that you’ll be hard-pressed to find a route that will provide long-term returns as solid as regularly dropping funds into an index fund in a 401k.
Comment on [deleted]
dohpaz42@lemmy.world 2 days ago
It’s fucked up for sure. Investing is akin to gambling in Vegas. Any one otherwise inconsequential detail could completely bankrupt you, and we’re expected to pin our elder years on this system.
Burn in fucking Hell Raegan.
tal@lemmy.today 2 days ago
TexMexBazooka@lemm.ee 2 days ago
Yeah, no, investing can’t be compared to gambling like that. Unless you’re picking stocks at absolute random, there are underlying market forces can be understood and used to make reliable investments.
OP made some shitty bets and is blaming the system
dohpaz42@lemmy.world 2 days ago
You can say the same things about sports betting.
TexMexBazooka@lemm.ee 2 days ago
No, you can’t. Fundamentally very, very different things.
darkdemize@sh.itjust.works 2 days ago
Sure, picking an individual stock is basically gambling, but investing in index funds is basically betting on the house. And the house always wins.*
*Unless Trump is running it at least.
killingspark@feddit.org 2 days ago
ArbitraryValue@sh.itjust.works 2 days ago
The dip only lasted a few months. By August of 2020, the market was back to where it had been before the dip in February.
killingspark@feddit.org 2 days ago
Yeah I only just saw the times on the graph of OP. That’s strange indeed.
I just wanted to say, if I planned to retire then that would have been f’ing scary. It played out ok in the end. But trusting that when literally your life’s savings are at stake is a big ask