danc4498 @ danc4498 @lemmy.world

Posts

16

Comments

2,065

Joined

2 yr. ago

As I said before, I do not engage politely with people who are confidently wrong, and then double down on being wrong after being corrected.

You were a dick in your first post, dude. You didn’t “explain politely then I doubled down”. You were a dick from the jump.

My initial post was absolutely not a “confidently incorrect” comment. I am a dude that did not graduate with an economics degree with years of (non social) experience. I told you my interpretation and said what I thought was going to happen and what was happening.

I’m sorry that you felt like my expectations were wrong, but rather than call me an idiot and act like I am spreading lies, you can have a good faith conversation with a person you don’t even know.

I am dispelling the idiotic misinformation you are spreading on a public forum, that other people may read, in hopes of doing a general public good

Pro tip, don’t be a dick if this is what you hope for. Not everybody you talk to is a hidden maga operative spreading lies.

As I said, buddy, a recession would be bad. Everything you’re saying I agree with and agreed with in my original post. Quit being a dick to people.

And I wasn’t talking about the funds actively buying when the price is low or selling when the price is high. I am employed and twice a month I make deposits to my 401k. If the market is high, I get less shares. If the market is low, I get more shares. More shares is better so long as the market recovers.

If the market does not recover, or we hit a recession. That would be bad.

By the way, I have a degree in Econ, worked as a data analyst for a decade, 'bro'.

So when you say, “If you think that then you’re an idiot”, you weren’t just being a dick, you were being a smug pretentious dick.

If only I had your education and experience, I wouldn’t be an idiot. Everybody else, though? Dangerous idiots who should be treated with zero respect.

Everything you said could have been said in a much more respectful manner and probably would have made an impact on people that actually need to hear it. Instead you were a dick about it and the only people that are going to listen are already in agreement.

This might be true, but it is speculation. Trump could easily reverse course and other countries might just go back to status quo cause it’s easier.

I very much feel like there’s too many possibilities to speculate at this point.

If I were close to retirement age, or retired, or worked in a job where my employment wasn’t guaranteed, I would definitely be worried about

Then you are an idiot.

Wow. Way to keep it civil… I suspect it’s people like you that are responsible for the gains republicans have gotten. Keep being an asshole to people and see how well that works for everybody.

As for what you’ve said, you clearly know nothing about how investments work. My 401k is invested in shares. Those shares will go up and down all the time. Sometimes a lot, sometimes a little. But on a long enough timeline they will average to a steady gain.

When shares dropped during covid, do you think that set my 401k back 2 years? No! It recovered the same as the stock market did, and then went up even more.

The only thing that changed was that when the stock market was down, I was able to buy MORE shares than I previously was buying. So when the stock market recovered, I had MORE than I would have if it didn’t drop.

Bro, this is BASIC, and you’re calling me an idiot.

Now as I said, if it turns into a recession and jobs are lost… that’s bad. But looking at 401k values of employed people is a meaningless statistic.

If the disrupt does continue, it will be bad. I feel like this is just a rerun of 2017 so far, though. He made some “deals” that returned everything to the exact place it was before he started and claimed victory, then the stock market kept on as it was.

The stock market has never not recovered. Even the 2008 recession is just a blip when looking at the max timeline.

Unless you’re implying the end of the stock market, then yes, the stock market will of course go back up.

Until we’re in a recession, yes, I think that’s an option. I’m far from an economist, though, so I really don’t k so.

I’m certainly no trumper. Very liberal. I will just point out the things that I think about when seeing the headlines.

When Trump got elected, the stock shot up a lot. Where it is at now is a little less than what it was.

If it keeps dropping, or if we hit a recession, that is meaningful. Until then, it honestly doesn’t mean much. I have no doubt that the stock market will increase just as much under Trump as it did under Biden.

As for the 401k, those of us that are employed and not living off the proceeds, a drop is good as we will be able to buy more shares each pay period. By the time we retire, it will be significantly higher than it is now.

Does this mean Trump is good? No, but 401k balances of non retired people is a meaningless statistic.

If a recession comes, this would change things as employment will be lost and retired people will be affected more deeply. My heart will go out to the retired boomers who cause this in that case.

Edit: I’m glad to see the toxic redditors have made their way to Lemmy. Feels like home. Downvote anything that is not blind rage towards Trump.

Thoughts and prayers 🙏

I was excited to see what it could do on my iPhones but so far I have not liked anything. The notification summaries are useless, for instance.

I do wonder if AI is being used in the background in ways I don’t see, but I doubt it.

You have to use his full name “Luigi Mario” so it doesn’t get taken down.

So it sounds like they are codependent at this point. The bigger the nasa budget the better for space X.

Any bets on if the DOGE records are being stored on 3rd party servers? I wonder what the “hur emales“ crowd would have to say to this.

I’ve watched part of it and really enjoy it so far. To say there’s nothing new I don’t think is right. It presents a lot of classic Spider-Man tropes and intentionally swerves them.

It got solid reviews on IMDB, which is usually how I judge the worthiness of shows.

Stocks will always bounce back. But the people that live off their 401ks now have to sell at a loss to survive.

Can Space X make the payloads?

They both shoot rockets up in the sky. Our government could pay NASA to do it, or pay Space X.

Nothing will stop them from gathering up all the low price shares.

Billionaires call this a fire sale. They get richer.