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Retirees 'stunned' as market turmoil over tariffs shrinks their 401(k)s
(www.nbcnews.com)
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this post was submitted on 05 Apr 2025
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Lol, I rolled my 401k to an IRA as part of a actively managed fidelity fund right after Trump got inaugurated. If I hadn't I would be down about 150k, instead I'm up 35k already, and that was after cashing out just below all time high.
That said,I decided to ride it out in my fuck around E-Trade account. I went from being up 25k on jan 1st to being down 9k today.
Trump's 'plan' is to crash the market so that people with large reserves of cash can buy at all time low. Then he'll back pedal his bullshit and things will go up, so they'll sell. It's not going to go back up to what it was before his watch, at least not with him around. People who don't have the cash reserves/appetite to buy in a recession will get fucked, and that's most people in the country
Yeah but you can't just say "ok the plan worked, tariffs are off now" and expect the rest of the world to be chill about that. It's too late to backpedal.
If the rest of the world turns on the US then that's also a win because Krasnov is a Russian asset and part of why Russia and China worked so hard to get him elected was to destabilize the US and remove them as the world leader so China can step in
I really don't think this is part of some grander plan. I think he really thinks blanket tariffs are a good idea.
Tariff man is an idiot.
He's doing it because that's one of the few things he can do without judges and Congress getting in his way. He expects other leaders to offer him deals (i.e. bribes) now. He doesn't care about average American. It's all about how HE can make some extra $.