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@Garibaldee@lemm.ee to The Onion@midwest.socialEnglish • 4 months ago

Naive Man Puts Money Into 401(k) as if Future Exists

thehardtimes.net

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Naive Man Puts Money Into 401(k) as if Future Exists

thehardtimes.net

@Garibaldee@lemm.ee to The Onion@midwest.socialEnglish • 4 months ago
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Local naive man Collin Blakeman blissfully contributed savings to his 401(k) despite the fact there is no future in which he will be able to use them.
  • @Zink@programming.dev
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    23•4 months ago

    I keep wondering if the incoming tech oligarchy administration will boost stock prices (because that’s how they compound the billions) and that will be enough to keep us in this rut longer than we would be otherwise.

    • @gingernate@sopuli.xyz
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      11•4 months ago

      The US stock market always performs well during Democratic presidents terms and does not do well during republicans

      • @brlemworld@lemmy.world
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        6•4 months ago

        Not true. https://www.fool.com/investing/2024/07/05/average-stock-market-return-democrat-republican-pr/

        • @CleoTheWizard@lemmy.world
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          4•4 months ago

          Simple starting and ending prices don’t prove this point. Performance isn’t a simple number that you can put over 4 years because not everyone is investing in 4 year periods.

          Trump had the worst crash we’ve ever had under him. Bush was also awful. Might as well ignore everything before that for being decades out of date.

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