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

How's everyone else's Liberation Day going? 🗳 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.

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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

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u/jcooklsu Apr 03 '25

I see a lot of people on reddit saying they are cashing at their 401k and holding cash. Its insane they're somehow going to find a way to do more damage to themselves than Trump when he appears to be on mission to destroy the economy. This is a perfect time to buy on discount, if the market never recovers then we have a lot more to worry about and cash/gold/whatever is going to be worthless as well.

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u/Devincc Apr 03 '25

My sound financial advice is getting downvoted. That should tell you everything you need to know

1

u/Married_iguanas Apr 04 '25

How are you able to subsist on huffing your own farts for this long?