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pro starcraft loser posted:Hopefully having zero debt and totally liquid will help. Not that that I'm doing it or anything... but it seems some interest rates are actually lower than our current inflation rates...
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Jun 13, 2022 20:32
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The economy doesn't suck, stocks are just on sale!
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Jun 13, 2022 20:32
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Imma clap my cheeks on the housing bubble
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Jun 13, 2022 20:57
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still waiting on what jimmyjams thinks about all of this market volatility
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Jun 13, 2022 21:07
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Borscht posted:The economy doesn't suck, stocks are just on sale! if you're supposed to buy low and sell high, why is low stocks bad? it sounds like you just buy them now but that increases their value, so they would stop being low like why isn't every stock the same price at all times whenever the market is bad they're like "the market is going to be bad! stop buying!" and then everybody stops buying so the market becomes bad and I'm like well what the gently caress why did you say that? the prices only went down because everybody decided to stop buying because prices were going to go down nobody explain this to me
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Jun 13, 2022 21:08
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Considering zeroing out my 401k and investing in Gucci flip-flops. Those appreciate in value right?
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Jun 13, 2022 21:21
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Chinatown posted:still waiting on what jimmyjams thinks about all of this market volatility i'm brewing up a similar thought rn
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Jun 13, 2022 22:21
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Cubone posted:this is one of the reasons the stock market will never make sense to me Rich people didn’t stop buying
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Jun 13, 2022 22:22
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actually any day now the gamestop stocks i bought are going to be worth $60,000 each for reasons
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Jun 13, 2022 22:50
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hot cocoa on the couch posted:i'm brewing up a similar thought rn 
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Jun 13, 2022 22:57
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Always be buying
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Jun 13, 2022 23:10
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You're thinking of this place all wrong! As if Jeffrey had the money back in a safe. The money's not here. Your money's in GBS...right next to PYF. And in BYOB, and D&D, and a hundred other threads. Why, you're lending them the money to post, and then, they're going to pay it back to you as best they can. Now what are you going to do? Foreclose on them?...Now wait...now listen...now listen to me. I beg of you not to do this thing. If Lowtax's mom gets hold of Something Awful there'll never be another decent post made on this whole dead gay forum.
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Jun 13, 2022 23:47
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maybe we can try mortgaging our children's future to get out of this mess?
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Jun 14, 2022 00:00
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Kane from wrestling explains everything that is happening: https://www.youtube.com/watch?v=l8xphl-CyvU
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Jun 14, 2022 01:50
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Bottom fell out of the Pokemon card market, and we're all going to take a bath.
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Jun 14, 2022 02:17
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Extra Large Marge posted:Bottom fell out of the Pokemon card market, and we're all going to take a bath. My nephew is gonna be fuckin' stoked to get those cheap cards, though.
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Jun 14, 2022 02:18
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Cubone posted:this is one of the reasons the stock market will never make sense to me Stocks aren’t real (just like money) and nothing but a game for rich people to make more money without actually doing anything.
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Jun 14, 2022 05:27
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investing vs gambling is basically the same thing as cocaine vs crack cocaine both are very risky, one will make you suck dicks faster
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Jun 14, 2022 05:58
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Chinatown posted:investing vs gambling is basically the same thing as cocaine vs crack cocaine That's pretty apt, but generally if the market dives and you don't move your 401k (I assume this is what the person meant when they said rich? Able to put money from a paycheck into retirement?) It will recover if you have a few years. If you have time to let it recover and get lucky when you withdraw you hopefully wont get completely hosed like my parents. They retired in 2007-9 and it was rough. Still a dice toss unless you make even more money and also have a robust savings account to live off for 3 or 4 years to let the market recover and pump back up then stocks. Capitalism loving sucks.
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Jun 14, 2022 06:02
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i have a static IRA and a current employer 401k and i really dont even think about them in terms of my finances. they are just *there* also its a 50/50 chance ill ever actually touch any of that money due to the world ending either because of my self induced untimely demise or some other bullshit
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Jun 14, 2022 06:17
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Chinatown posted:i have a static IRA and a current employer 401k and i really dont even think about them in terms of my finances. Hello, me
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Jun 14, 2022 06:19
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Buy! Hodl! Win!
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Jun 14, 2022 08:24
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Chinatown posted:i have a static IRA and a current employer 401k and i really dont even think about them in terms of my finances. yup. i just took one extra step and made sure my 401k account was not investing into crypto. If you have a Vanguard 401k, they have no intention to go into crypto right now. quote:Vanguard's take
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Jun 14, 2022 08:40
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Wendigee posted:That's pretty apt, but generally if the market dives and you don't move your 401k (I assume this is what the person meant when they said rich? Able to put money from a paycheck into retirement?) It will recover if you have a few years. By rich I meant “the wealthy” as in the assholes who run everything. The stock market was never meant as anything but a playground for those folks. 401(k) replaced pensions because they put the onus on you, the worker, to invest YOUR money rather than the capitalist. Even with company match, the company involvement in 401(k) is still far less than a true pension because not everyone can afford to contribute the full match, if they contribute at all. That frees up a lot of cash, and certainly the company is not going to reinvest that freed up cash in you when they can instead dole it out to C-Levels and shareholders. Meanwhile, the capitalist can now gamble with the money in your 401(k) for however long until it is vested, and well, if it’s lost, that’s on you.
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Jun 14, 2022 12:19
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Animal-Mother posted:Kane from wrestling explains everything that is happening: Thank god noted Doctor Isaac Yankem, DDS, explains the economy to me.
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Jun 14, 2022 14:10
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Wendigee posted:yup. Oh poo poo, they'd do that!?
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Jun 14, 2022 14:12
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pro starcraft loser posted:Oh poo poo, they'd do that!? Lol
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Jun 14, 2022 14:12
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BAGS FLY AT NOON posted:By rich I meant “the wealthy” as in the assholes who run everything. The stock market was never meant as anything but a playground for those folks. 401(k) replaced pensions because they put the onus on you, the worker, to invest YOUR money rather than the capitalist. Even with company match, the company involvement in 401(k) is still far less than a true pension because not everyone can afford to contribute the full match, if they contribute at all. That frees up a lot of cash, and certainly the company is not going to reinvest that freed up cash in you when they can instead dole it out to C-Levels and shareholders. Meanwhile, the capitalist can now gamble with the money in your 401(k) for however long until it is vested, and well, if it’s lost, that’s on you. Also - if the company gambles with the pension fund and loses, they get sued. If an individual gambles with their 401k and loses, nothing happens!* *to the parasitic corporate overlords, anyway.
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Jun 14, 2022 14:12
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I have half in basic savings type and half in 'medium' risk. Crypto better not be marked as 'medium' risk.
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Jun 14, 2022 14:15
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Vampire Panties posted:Also - if the company gambles with the pension fund and loses, they get sued. If an individual gambles with their 401k and loses, nothing happens!* eventually society as we know it collapses but that will just make the rich comparatively richer
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Jun 14, 2022 14:18
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More like COW Jones, am I right? Because. Because, uh, it sure ain't a bull market right now!!!
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Jun 14, 2022 15:00
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goku
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Jun 14, 2022 15:02
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I still have a csgo skin inexplicably worth $1500 so i think I will manage to ride out this storm op
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Jun 14, 2022 15:04
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If you know any young worried people be sure to tell them not to worry and this is one of those "once in a lifetime" economy things
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Jun 14, 2022 15:05
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AARD VARKMAN posted:I still have a csgo skin inexplicably worth $1500 so i think I will manage to ride out this storm op wait how
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Jun 14, 2022 15:07
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Seth Pecksniff posted:wait lol again
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Jun 14, 2022 15:08
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AARD VARKMAN posted:If you know any young worried people be sure to tell them not to worry and this is one of those "once in a lifetime" economy things I will offer them cautious, reigned in optimism because I don't want people in their prime raiding years angry at me if things don't go well after all.
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Jun 14, 2022 15:09
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AARD VARKMAN posted:If you know any young worried people be sure to tell them not to worry and this is one of those "once in a lifetime" economy things Once in a lifetime opportunity to destroy rich people and the economy forever.
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Jun 14, 2022 15:27
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AARD VARKMAN posted:If you know any young worried people be sure to tell them not to worry and this is one of those "once in a lifetime" economy things "Don't worry little guy, this is a very rare event. Why yes, I'm 36 and this is round 3, why do you ask?"
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Jun 14, 2022 15:34
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Blurry Gray Thing posted:I will offer them cautious, reigned in optimism because I don't want people in their prime raiding years angry at me if things don't go well after all. I have been practicing tiktok dances for this very reason
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Jun 14, 2022 15:52
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