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Trump's Tariffs Wipe Out over $6T on Wall Street in Epic Two-Day Rout (www.wsj.com)

submitted 5 days ago by rssbot@lemmy.bestiver.se to c/hackernews@lemmy.bestiver.se

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[–] Doomsider@lemmy.world 3 points 5 days ago (4 children)

Well there goes my retirement and also apparently my social security. What am I supposed to live on.... Oh wait, I get it.

[–] CompactFlax@discuss.tchncs.de 0 points 5 days ago (1 children)

I’m not trivializing the rout, but the S&P, DJIA, DAX, FTSE, HSI, are still (marginally) up over the last two years. An index fund should be as well.

[–] Doomsider@lemmy.world 0 points 5 days ago (1 children)

Lost almost 30% so far, just checked. I just started my new job and new retirement plan over a year ago.

I would say that it is being wiped out before it is even getting started. The amount of money is not trivial and it will effect my retirement in the future adversely.

Thanks Trump apologist.

[–] CompactFlax@discuss.tchncs.de 0 points 4 days ago (1 children)

If you just started, this is a blip. It sounds like an aphorism because it is, but the whole thing with retirement. investing is to focus on the long term.

I’m not apologizing for the asshole who is trying to wipe out the global economy. Some portfolios may be worse than others, particularly if you’re biased into certain industries (and frankly tech stocks overweighted the indices the last few years). Historically, it will come back. Personally, I am down as well in my index tracking ETFs.

[–] Doomsider@lemmy.world 0 points 4 days ago

It is not a blip, this will adversely affect my retirement in the long run. If I was a decade in it would not be a blip either. If I was getting ready to retire this would not be a blip.

Worst of all we are not even feeling the pain of these psychotic policies yet, this is just an initial reaction. There will be a lot to follow. It is okay though because only the weak will die according to Donald Cuck.

Please do continue to downplay this on his behalf. It will recover in the long run, it will be okay for you apparently. Just as long as your invested in the right areas and wait long enough. Too bad you can't say the same for everyone else.

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