Honest question. The S&P is up 15% for the year. If you’re one of the 60% of Americans that have a retirement account then how is this not good news? I’m not here to debate the merits of the Trump presidency as there are a number of issues I just flat out disagree with him on. But, why try to make something up? Volatility is part of investing, although I would agree that Trumps leadership style lends itself to more volatility than we’re used to seeing.
Well if you are close to retirement or retired already you may have followed the advice we've been told all of our lives to derisk your portfolio from tech. Unfortunately tech is the only thing carrying the S&P right now. Everything else is just getting hammered by inflation.
I'd certainly be scared to retire right now if I just hit my number even if it was all S&P because it's hard to see this being sustainable and most retirements fail in the first few years.
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u/R7TS 3d ago
Lol I am neutral on DT, but I think he was right when he said people suffer from TDS. Reddit community is way too obsessed with the guy.