Washedupcynic

@Washedupcynic@lemm.ee

• ⁨Comment⁩ on ⁨Let's play this game again⁩ ⁨⁨6⁩ ⁨days⁩ ago⁩:

  With the snap of my fingers I can instantly cause the death of authoritarian dictators.

• ⁨Comment⁩ on ⁨Should I withdraw/stop putting into my 401k?⁩ ⁨⁨2⁩ ⁨months⁩ ago⁩:

  The market goes through boom/bust cycles. This particular bust cycle is being precipitated by shitty political policies. You should be studying the prospectus for the stocks/products you are buying through your 401K. The prospectus tells you what company stocks make up the investment product, and will show you the long term performance. If you’re worried about US markets, you can move your some of your holdings into European/Asian stock products for a bit more diversity. In terms of risk, the stock market is riskier than the bond market, however bonds tend to preserve the purchase value over time rather than generate profit. The higher the risk, the higher the reward. What I have done is take my dividends/profits out of the stock side of the market, and use them to purchase bonds. This way I preserve the profit, and the original investment used to generate the profit stays in the risky part of the market to hopefully keep generating profit. Since the market is taking a big hit right now, now would be the time to buy, while the prices are lower, understanding that you are betting on a recovery which might not happen. Any financial advisor worth their salt would at the very least tell you to diversify your porfolio, as in don’t put all of your eggs in one basket. I would take this a step further to say, you should build up a savings account and not count on something risky like the stock market to be there for you when you retire. The stock market is just gambling.

• ⁨Comment⁩ on ⁨[deleted]⁩ ⁨⁨2⁩ ⁨months⁩ ago⁩:

  🤢 eww