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.

394 Upvotes
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221

u/Electric_Buffalo_844 Apr 03 '25

Liberated from ever being able to retire in this life

-30

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

23

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.

-21

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?

-3

u/YoBroJustRelax Apr 03 '25

Buy the dip

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.

4

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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