this is an attack on the dollar.... interesting i remember putin visited saudi a couple of months ago. and we have been protecting the saudi for decades and they just drop us like a rotten egg. get ready for a new world reserve currency??? i'll bet it will be made up of china and russia???? if we can't export our debt by forcing other countries to buy dollars to settle their oil debts???? this could be the start of another war.
Don't know if you were around in the late 70's into the 80's when Jimmy Carter sold us out to all our foreign enemy's but this is starting to look a lot like it did then. Wait till they find out all this EV tech falls apart, it'll be like 2001.............If I was an options trader I'd be slapping "PUTS" on everything.
30% loss on a 401k, November 8 can't come soon enough...
Biden says the economy is strong as hell, come on man
I retired at 56 in 2002. It was over 5 years before I could start early SS benefits. We depended on income from our savings mostly our 401K. I have been retired 20 now, and have learned a few things. The economy goes up and down, and if you invest in the stock market, mutual funds, etc. you have to learn to deal with the ups and downs! The first thing you need to do is turn off the TV! The jerks giving all these warnings don't know any mlre than we do, if they did they would'nt be working! Get a good/reputable financial adviser, be very careful of get riv ck quick sceems, We use Edward Jones, and find an agent that strikes you as knowledgeable, and follow his advice! I keep weekly track of our investments. ONE piece of advice I would give is, you have two things to overcome, to be a successful investor, FEAR, AND GREED! iF YOPU ARE SYTILL WORKING AND INVESTING IN A 401k, YOU WANT THE MARKET TO BE DOWN, WHEN ITS DOWN, LIKE NOW, YOU, AND YOUR EMPLOYER, ARE BUYING BARGANS!! MAKE GOOD, WELL THOUGHT OUT CHOICES, THEN STICK WITH THEM! we live a comfortable life, have no debts, don't waste money, but travel and do anything that we want to do, and STILL HAVE THE SAME NEST EGG WE STARTED WITH, 20 YEARS AGO!!
Good for you, I'm glad SOMEONE is doing ok in this wreckage, you mentioned that the so-called analysts don't know squat, I agree most don't but some are wizards at making a profit by artificially driving the markets up or down for their benefit, these are the ones you need to follow, the old saying "If you can't beet em, join em" is the route to better profits.
I had Edward Jones and Morgan Stanley for several years plus invested on my own.I talked to both in March 2020 and was wanting to invest in several oil stocks that i had made money on in the past.Both tried to talk me into another sector so i got rid of both and bought the oil stocks.Best decision i have made financially in a long time.
