My dividends that AT&T pays me quarterly begs to differ.
401k Plan might be a Bigger PONZI Scheme than Social Security. 401k Bubble will BURST.
- Thread starter Stuntone
- Start date
Ozymandeas
Veteran
Alright, here we go.
In the worst recession in modern times...
I have LOST more money in the last 6 months than most people will ever have.
Don't 401(k) brehs.
BOA Merrill
Yeah, many if not most people don’t pay attention to the fees being taken out of their defined contribution plans. They don’t directly see that being taken out of their paycheck and they don’t pay attention to the monthly statements sent to them. Of course if people paid more attention they can see different ways to invest their money.
BaldingSoHard
Banned
This is not sound adviceAlright, here we go.
In the worst recession in modern times...
I have LOST more money in the last 6 months than most people will ever have.
Don't 401(k) brehs.
401k is pre tax plus alot of employers match. Overall the broad market indices outperform overtime. What we're seeing now is a usual dip in markets. Now is a good time to keep dollar cost averaging into a broad index or an age targeted fund.
S&P 500 S&P 500 - Google Search
This is not sound adviceAlright, here we go.
In the worst recession in modern times...
I have LOST more money in the last 6 months than most people will ever have.
Don't 401(k) brehs.
401k is pre tax plus alot of employers match. Overall the broad market indices outperform even top hedge funds overtime. What we're seeing now is a usual dip in markets. Now is a good time to keep dollar cost averaging into a broad index or an age targeted fund.
My dividends that AT&T pays me quarterly begs to differ.
you can own stocks, on your own, that pay dividends and even sell them as CC's to get additional revenue on top of the dividend. shyts about to get uglier than it already is.
BaldingSoHard
Banned
Sorry breh.
I was being facetious.
Obviously, 401(k) is a good idea.
@Stuntone and I have a history. I was trolling him. I should have made that more clear.
I’m well aware. Covered calls can definitely be profitable. I work for them so I’m just eating off what they match.
Mordith
H.E.N.R.Y.
This nikka has literally been making the same posts for years, yet y'all still engage him.
So you don't see massive tax increases in the future? Just keep raising that debt ceiling forever? Oh, I forgot the Government is gonna tax the rich to pay for it.
Believe anything one of the most corrupt governments on the planet says brehs. Once the National debt is no longer serviceable everything will be on the table. It's just a matter of when now.
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if you’re young, leave it alone — maybe even increase your contributions
you’re getting discount prices, so when the market goes back up you’ll be good (if the market doesn’t go back up, we are ALL fukked)
i know people who got their retirement investments pummeled during 2008 who didnt panic and left it there. and they’re fine now
if you’re not young, then you should’ve acted accordingly and moved your assets into stable investments beforehand
you’re getting discount prices, so when the market goes back up you’ll be good (if the market doesn’t go back up, we are ALL fukked)
i know people who got their retirement investments pummeled during 2008 who didnt panic and left it there. and they’re fine now
if you’re not young, then you should’ve acted accordingly and moved your assets into stable investments beforehand
BaldingSoHard
Banned
I see massive tax decreases in the future. Negative tax rates, in fact. The govt will pay me 14.35% just to hold my existing holdings in the future.So you don't see massive tax increases in the future? Just keep raising that debt ceiling forever? Oh, I forgot the Government is gonna tax the rich to pay for it.
Believe anything one of the most corrupt governments on the planet says brehs. Once the National debt is no longer serviceable everything will be on the table. It's just a matter of when now.
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I mean if we're wildly speculating, why not wildly speculate in my favor?
And if they can sieze my 401(k), they can seize your checking account, savings account, brokerage acct, home, pension, children, etc... right?
So why have money anywhere if the govt is just going to seize it, right?
I mean, you do have a bank account, right? Why, if the govt is just going to seize it?
I mean if we're saying anything why not just say anything?
