President Trump warns that your 401(k) could 'disintegrate and disappear' if he loses the 2020 elect

[Omaha Steve]

Source: Market Watch

By Shawn Langlois

How is your 401(k) doing?

With tech stocks leading the advance, the Nasdaq Composite COMP, 2.21% just broke into uncharted territory. Tesla TSLA, +13.47% took out a fresh high. So did Netflix NFLX, +3.54%. And Amazon AMZN, +5.76% 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 doesn’t win another four years in the White House:

Link to tweet

Snip: Not according to strategists at JPMorgan Chase & Co. JPM, +2.52% 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.

Read more: https://www.marketwatch.com/story/as-the-stock-market-soars-and-the-nasdaq-breaks-records-trump-warns-that-your-401k-could-disintegrate-2020-07-06

[Renew Deal]

1. The stock market is up because Biden is up

The stock market expects big gains after Trump is gone.

[IronLionZion]

2. Uh, yeah, just like with Obama and Clinton

[Polly Hennessey]

3. Yeah, right, you stupid idiot.

[FloridaBlues]

4. Scare tactics going to continue from him

401's lost already for most people over past 4 months

[George II]

8. Mine is down more than 20% since the beginning of the year.

[Ohiogal]

16. Same here!

[redstatebluegirl]

24. Ours too!

[ChazInAz]

32. I got smart.

I cashed out my entire retirement policy in December, when I saw what was coming.
It had been devastated by the Bush recession, and had taken this long to get back to its pre-Bush level.

[cojoel]

5. maybe it would be worth it

Sometimes sacrifices are necessary to achieve a better outcome.

[George II]

6. Mine was worth $185,000 at the beginning of the year, now down to $147,000. Thanks donnie.

[MyOwnPeace]

7. Can't win me on that one, Shit-for-Brains!

While you sat there with your golf clubs pleasuring your "special place" (Lindsey and Moscow Mitch don't like to share, by the way), I lost EVERYTHING that I had gained after PRESIDENT OBAMA rescued the economy and our country.
And, amazingly enough, those "OBAMA YEARS" should have been good to you, too, but you're too f*cking stupid to realize it!

So, NO, yet ANOTHER FAIL on your part!

[Lulu KC]

9. There are two words that come to mind

Make that three.
Fuck off, Trump.

[chwaliszewski]

10. I just replied to his tweet. Enjoy!

Link to tweet

[keithbvadu2]

11. Pay attention when Trump claims the economy is going down the drain if he is not reelected.

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.

[Bernardo de La Paz]

12. FEAR is all that Greed Over People have to sell, always. tRump just the same. . . . nt

[mobeau69]

13. He's in full panic mode. LMAO!

[bucolic_frolic]

14. So he's plannng to seize them before he leaves office?

Is Powell ok with it?

[DBoon]

15. I wish Trump would 'disintegrate and disappear'

[Bengus81]

17. I recall that same statement being said in 2008 about Obama.....

How'd that work out Trump??

[Mendocino]

18. Shake Down Donny

"You got a nice economy, shame if something happened to it"

[Evolve Dammit]

29. Bingo! from Don the Con. Fear, fear and more fear with a side of steaming anger and rancidness

[Hip2bSquare]

19. Who taught him about 401ks

I wonder who taught mr. trust fund about 401ks. He's never done an honest day of work his entire privileged life. Yeah, I'll take my chances.

[wishstar]

20. Trump's budget calls for reducing interest rates on Fed Thrift fund govt securities

so if he got his way, which he hasn't so far, those of us Federal employees or retirees with savings in the stable Govt security fund would have had our returns severely reduced even before this quarters' reduced interest.

[Orrex]

21. Because Trump is an extortionist

[RussBLib]

22. fuck you, Trump

That was my first reaction.

Trying ANYTHING to scare people into voting for him. What an example.

[Skittles]

23. the desperation is just OOZING

[flibbitygiblets]

25. *sniff sniff* Agent Orange reeks of desperation.

That, or my dog just farted. Nope, it's trump. I get those smells mixed up a lot.

[blakstoneranger]

26. HE'S DESPARATE---HE'S RELYING ON FEAR AND RACISM

[progree]

27. Hmm: Year-to-date on Vanguard Total (U.S.) Stock Market Index Fund VTSMX: -1.02%

thru July 6 close.
https://www.morningstar.com/funds/xnas/vtsmx/quote

scroll down past the graph to the table.

Includes reinvested dividends.

The Vanguard S&P 500 index fund (VFIAX): -0.59%

Edited to update the "Thru July 2 close" to "Thru July 6 close"

[onetexan]

28. As Joe Biden says, "MALARKEY". Vote BLUE. Vote BIDEN!!

[sinkingfeeling]

30. Wonder what percentage of his base own stocks or have a 401K?

[lettucebe]

31. Hahahaha, seriously I don't take financial advice from the Dotard

[Nitram]

33. Right. Of course, I'd like to take Trump's word for this and vote for him. But first I'll

have to check his record on promises kept and predictions proved right.