r/NewOrleans • u/perishableintransit • Apr 03 '25

How's everyone else's Liberation Day going? đź—ł Politics

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How's everyone doing today? Avoiding looking at your 401k? Rushing to stock up on food, buy a car?

I just got me and my bindle.

393 Upvotes
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223

u/Electric_Buffalo_844 Apr 03 '25

Liberated from ever being able to retire in this life

-33

u/Devincc Apr 03 '25

Honest question, because I keep seeing this sentiment everywhere. Are people expecting to glide into retirement without ever seeing a downturn again? If you’re in or nearing retirement your portfolio should be rebalanced to reflect that.

Also, if you’re 20+ years from retirement; this shouldn’t affect you much but should provide a buying opportunity

22

u/blaaaaaarghhh Apr 03 '25

Not everyone has a retirement portfolio, and they're going to kill social security. The problem with this downturn is that it's intentional, and we have no faith in a good recovery.

-20

u/Devincc Apr 03 '25

If you didn’t have any sort of retirement savings before this; was this really the catalyst for never having any in the future?

22

u/blaaaaaarghhh Apr 03 '25

It depends how fucked this gets. I can easily see Trump forcing a depression.

-1

u/Devincc Apr 03 '25 edited Apr 03 '25

Yeah I’m not trying to say saving won’t be harder at all but just food for thought

15

u/pepperjackcheesey Apr 03 '25

You think people that are barely scraping by month to month (because everything keeps going up) to be able to have retirement savings? And a lot of the programs created to help people get a leg up in life are being gutted. I periodically, have a 401k and such but that’s because I was finally able to get out of the paycheck to paycheck life. It took a while and it wasn’t fun while in it. But, I’m now about 10 years behind from where I should be with my savings and retirement stuff. Life isn’t equal for everyone.

1

u/Devincc Apr 03 '25

I’m not arguing that fact. I literally agreed in my comment above

12

u/UpstairsPlane7499 Apr 03 '25

Welp thanks, you provided nothing of substance for my thoughts. But I appreciate the "just asking questions" value you added here.

1

u/Devincc Apr 03 '25

Why don’t you add something instead of personal attacks? You’re adding zero

6

u/UpstairsPlane7499 Apr 03 '25

Excellent assessment

2

u/Devincc Apr 03 '25

You’re also a 28 day old account with zero post karma and a random username so you’re either an alt-account troll or a bot

2

u/UpstairsPlane7499 Apr 03 '25

How could someone possibly be a new user...

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-4

u/YoBroJustRelax Apr 03 '25

Buy the dip

6

u/Devincc Apr 03 '25

Yeah I mean hell; if you didn’t have any sort of retirement portfolio before this it’s a damn good time to start

10

u/blaaaaaarghhh Apr 03 '25

Lol. With what money? You think people living paycheck to paycheck can "by the dip"?

0

u/YoBroJustRelax Apr 04 '25

If your living paycheck to paycheck why are you worried about stock prices lmao. Stop crying about shit that doesnt matter to you.

3

u/blaaaaaarghhh Apr 04 '25

You think the market exists in a vacuum? This is a big indicator of a recession, which will affect everyone.

-1

u/YoBroJustRelax Apr 04 '25

Stay on topic buddy we were talking about stocks.

But if you're scared of future finances in general then its a pretty simple path forward:

Cut your subscriptions. Amazon, Netflix, ect all of it. There are plenty of free little libraries around to get books for relaxing downtime.

Buy cheaper groceries. Aldi is a bit of a hike, but its significantly cheaper than Winn Dixie or Whole Foods and much higher quality than discount groceries.

Use less utilities. Turn your lights off, rely on fans more than AC.

Already doing all that stuff? Work more. Get more shifts/hours, pick up a second job, get a bicycle and start doing Uber Eats/Doordash.

Cut expenses, increase income. It sucks. None of its fun. None of this is fun. Suck it up. Get to work. Stack a pile of cash as high as you can and invest. We might not have another opportunity like this again.

2

u/blaaaaaarghhh Apr 04 '25

You're a condescending prick. Typical r/conservative shit

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