cross-posted from: https://lemmygrad.ml/post/5292091
this post was submitted on 05 Aug 2024
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I woke up to half a dozen “sky is falling” RH notifications, saw my portfolio down 10%, shrugged, and went on with my day. I imagine it would be pretty stressful if I actually had money or, god forbid, open call options. Hooray for not having any real stake in the capital market, let it all burn 🔥
Kinda wild how many Americans’ retirement plans and long term financial stability are completely dependent on the whims of the market tho, genuinely disgusting how siding with the capitalists is presented as the only option if you want to be allowed to retire. Like yeah dude let me just give you my money and tie my future to the well being of the market with the promise that maybe I can get a tiny drop of that stolen surplus in the future. If the market isn’t crashing while I’m trying to retire of course. Glad an entire generation doesn’t have a brutal case of Stockholm syndrome because of it
I pretend that my employer mandated 401k just doesn’t exist. I can’t touch it for like 30 years, and I don’t anticipate there being anything in it anyway, so I’m just
