General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsTrump warns that your 401(k) could 'disintegrate and disappear' if he loses the 2020 election
How is your 401(k) doing?
With tech stocks leading the advance, the Nasdaq Composite (COMP)just broke into uncharted territory. Tesla (TSLA)took out a fresh high. So did Netflix (NFLX) And Amazon (AMZN)reached $3,000 for the first time ever.
Whatever the current status of your retirement account if you actually have one President Trump, in a tweet on Monday, warned that any gains you might be enjoying could disintegrate and disappear in a hurry if he doesnt win another four years in the White House:
Link to tweet
?s=20
Is that true? Should investors be scared into voting for Trump?
Not according to strategists at JPMorgan Chase & Co. (JPM) who say that a win for former Vice President and presumptive Democratic nominee Joe Biden, currently ahead of Trump in recent national polls, would be a neutral to slight positive for stocks.
https://www.msn.com/en-us/money/retirement/president-trump-warns-that-your-401-k-could-disintegrate-and-disappear-if-he-loses-the-2020-election/ar-BB16oJNy?li=BBnbfcN&ocid=DELLDHP
Jeff Tiedrich's response:
Link to tweet
?s=20
leftieNanner
(15,187 posts)Trying to get something to stick to the wall.
That being said, I would gladly live a more frugal retirement if it means getting rid of Ass Face.
LakeArenal
(28,863 posts)Nothing new there.
Sancho
(9,070 posts)keithbvadu2
(36,991 posts)Pay attention when Trump claims the economy is going down the drain if he is not reelected.
He is telling us what condition he is going to leave the country in.
wryter2000
(46,116 posts)The stock market always does better under Democrats. Expect a huge jump in November if Biden wins.
The only things that have hurt me financially are my mortgage going underwater under Bush II (Obama's HARP got me a cheaper one) and this Anus Mouth's disaster of a response to COVID lowering the value of my 401k.
Iliyah
(25,111 posts)shithole market is rigged.
BannonsLiver
(16,539 posts)lame54
(35,339 posts)Brainfodder
(6,423 posts)Especially shares with no upside except their value?
consider_this
(2,203 posts)priceless response, as usual! Love it!
kimbutgar
(21,236 posts)Retrograde
(10,170 posts)to take all the funds and flee to a country with no extradition treaty when he loses? (not that he seems to understand how 401Ks work based on his tweet)
duforsure
(11,885 posts)Crash the markets, then blame Democrats. He knows the economy is failing now, and looking for excuses, again, because he knows he will lose. trump's revenge, even hurting his own people.
agingdem
(7,869 posts)is begging for one?... he is an 8 track tape in a digital world...
Yo_Mama_Been_Loggin
(108,356 posts)ProfessorGAC
(65,319 posts)...(last 6 years) better than what investors are seeing now?
Why did the market boom under Clinton?
Why is NASDAQ down 20.8% YTD?
Why is S&P down 3.92% YTD?
Sounds like 401ks are already negatively impacted.
bdamomma
(63,941 posts)he needs to go away to prison.
roamer65
(36,747 posts)Cuz thats what Im in.
If he does, that will be one helluva ride.
get the red out
(13,468 posts)The stock market has been doing what its going to do long before Trump threw US tax money at it like it was a porn star.
central scrutinizer
(11,665 posts)Now to avoid living under a bridge.
Wellstone ruled
(34,661 posts)pushing the Bullshit Button on his phone. The Market will once again drop like a rock in the next few weeks as this Virus ramps up.
If,as expected,Vegas shuts down because of lack of compliance as mask wearing,and the Pool and Day Parties are a total mess,no masks. Then watch the market take a major dump.
safeinOhio
(32,738 posts)you can kiss your Socialist MC and SS good bye.
struggle4progress
(118,379 posts)Vote for me and I'll protect you. Don't vote for me, and I can't say what might happen. You understand?"