I don’t know what their portfolio looks like but the closer you are to retirement, the more of your savings should be in bonds and not in the market.
Hopefully they start insulating themselves from the volatility of the market.
this post was submitted on 12 Mar 2025
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I’m certainly no trumper. Very liberal. I will just point out the things that I think about when seeing the headlines.
When Trump got elected, the stock shot up a lot. Where it is at now is a little less than what it was.
If it keeps dropping, or if we hit a recession, that is meaningful. Until then, it honestly doesn’t mean much. I have no doubt that the stock market will increase just as much under Trump as it did under Biden.
As for the 401k, those of us that are employed and not living off the proceeds, a drop is good as we will be able to buy more shares each pay period. By the time we retire, it will be significantly higher than it is now.
Does this mean Trump is good? No, but 401k balances of non retired people is a meaningless statistic.
If a recession comes, this would change things as employment will be lost and retired people will be affected more deeply. My heart will go out to the retired boomers who cause this in that case.
Edit: I’m glad to see the toxic redditors have made their way to Lemmy. Feels like home. Downvote anything that is not blind rage towards Trump.
You still think no recession is an option?
Until we’re in a recession, yes, I think that’s an option. I’m far from an economist, though, so I really don’t k so.
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