OT 401k

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HailBlazers said:
Wallstreet is not mainstreet.
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I don’t live on main st. Live frugally and you’ll be okay. Or move to any other developed nation where inflation is exponentially worse.

Also maybe check into the main reason why inflation has hit the world?
 
oldfisherman said:
Many factors control the stock market. It is believed by many, the #1 factor is interest rates.

The higher the interest rates, the greater the expense to operate a company, lowering profits.

Interest rates are the highest they have been in decades. So why are profits higher?

Inflation. The highest inflation rate in 40 years as allowed companies to raise prices higher than the inflation rate. Generating higher profits.

I have no idea how or when this cycle ends. But, it maybe a hard landing.

PS, having trouble typing, forgive any errors.
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Going to be hard for a while as de-globilization unfolds and we take on more mfg & distribution.
 
MickZagger said:
If your 401k is shitting the bed you’re doing something terribly wrong. 2024 has been the 6th best year in the history of the stock market as far as record high days, thus far.

Unless you double downed on ‘My Pillow’ stock or something?

I might make close to $5k today if this holds
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Yes, Wall Street. A true indicator of how regular people are doing. I’m sure all the single mothers out there paying 300% more for groceries and double their rent from two years ago are spiking the football right now because you might make 5k today on obscure speculations and insider market manipulation.

You should retire this afternoon and go kick it with the boomers. I heard there’s a Van Halen cover band playing at Hard Rock Cafe. Kirkland Signature hawaiian shirts on sale.
 
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jonnyboy said:
Yes, Wall Street. A true indicator of how regular people are doing. I’m sure all the single mothers out there paying 300% more for groceries and double their rent from two years ago are spiking the football right now because you might make 5k today on obscure speculations and insider market manipulation.
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They need to “pull themselves up by their bootstraps”.

What do you think caused inflation to begin with?

Or should we just ignore the pandemic and the monopolization and corporate greed that followed?
 
jonnyboy said:
Yes, Wall Street. A true indicator of how regular people are doing. I’m sure all the single mothers out there paying 300% more for groceries and double their rent from two years ago are spiking the football right now because you might make 5k today on obscure speculations and insider market manipulation.

You should retire this afternoon and go kick it with the boomers. I heard there’s a Van Halen cover band playing at Hard Rock Cafe. Kirkland Signature hawaiian shirts on sale.
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Hey, don't be knockin' Kirkland Hawaiian shirts. This boomer is rockin' several of those in his closet. And Mick can hang with this Boomer as long as his rich (and getting richer) ass is buying the beer. And give me a CC&R cover band any day....
 
MickZagger said:
Republican policy has always been about main st. Like trickle down. Reagan and his 18% interest rates…. The air traffic controller strike…

gtfo
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Good for them? Has nothing to do with anything i said. Gongrats on the 5k.
 
MickZagger said:
If your 401k is shitting the bed you’re doing something terribly wrong. 2024 has been the 6th best year in the history of the stock market as far as record high days, thus far.

Unless you double downed on ‘My Pillow’ stock or something?

I might make close to $5k today if this holds
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Some people with 401k's don't know how to set up the investment mix. They just check a box and let it roll. However - even if they chose a really lousy mix - if there is an employer match the fund should increase by at least that amount. If anyone is losing money on a 401k during the last several years they need to contact an investment advisor quick!
 
Or, hear me out, get your broker to invest you in some of that hot Kroger action.
 
SlyPokerDog said:
Something very similar happened when Albertsons and Safeway merged a few years back. The stores that were sold off quickly failed and were closed. This is what is going to happen again. We will be left with fewer stores and much higher prices.
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One of the Alberton's that failed turned into 99 Ranch Market though. That place is great.
 
jonnyboy said:
Or, hear me out, get your broker to invest you in some of that hot Kroger action.
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Might have to.

But that doesn’t fix main st and the dude with the $80k truck that’s bitchin’ bout groceries cuz of Brandon.
 
SlyPokerDog said:
Something very similar happened when Albertsons and Safeway merged a few years back. The stores that were sold off quickly failed and were closed. This is what is going to happen again. We will be left with fewer stores and much higher prices.
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Winco needs to capitalize and open up more stores in the area
 
SlyPokerDog said:
Something very similar happened when Albertsons and Safeway merged a few years back. The stores that were sold off quickly failed and were closed. This is what is going to happen again. We will be left with fewer stores and much higher prices.
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Yeah - I see this merger as a lose - lose for consumers. Hopefully it gets blocked.
 
I'm down 0.10% today.

Googling 'best suicide method' now.

barfo
 
v33cefir5ied1.jpeg
 
Stock market today: A wipeout on Wall Street sends the S&P 500 down by 2.3% as Big Tech skids
STAN CHOE and ALEX VEIGA
Wed, July 24, 2024 at 1:20 PM PDT
5 min read
49
b8626661080b262c869c89031101f5b4

FILE - The New York Stock Exchange is shown on June 18, 2024 in New York. (AP Photo/Peter Morgan, File)

NEW YORK (AP) — A wipeout on Wednesday sent U.S. stock indexes to their worst losses since 2022 after profit reports from Tesla and Alphabet helped suck momentum from Wall Street’s frenzy around artificial-intelligence technology.

The S&P 500 tumbled 2.3% for its fifth drop in the last six days. The Dow Jones Industrial Average dropped 504 points, or 1.2%, and the Nasdaq composite skidded 3.6%.

The profit reports from Tesla and Alphabet weren't disasters, but they raised questions among investors about which other market heavyweights' springtime results could fall short of expectations, said Sam Stovall, chief investment strategist at CFRA.

"How many disappointments are we likely to see? Maybe let’s sell first and ask questions later.”
 
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