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In reply to the discussion: I Lost $7,000 Today and Trump is Gloating About It [View all]No Vested Interest
(5,167 posts)8. Think of those retiring at the end of the month, for example.
For those that can wait, we know that the markets will recover, over time.
But some are not in a position to wait for recovery, for one reason or another.
This is also the main reason Social Security should not ever be privatized. - Too much risk for those unable to afford the buffets of the stock market.
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so sorry to hear that. many are going to be quite surprised at how this affects them here.
niyad
Jun 2016
#2
Because the put option gives you the ability to buy shares later at the lower price
7962
Jun 2016
#80
I can't believe anyone would vote for him after wearing a "Make Me Great Again" hat.
scscholar
Jun 2016
#54
i have money in the market too, i loathe the bastard. not a shred of empathy or intelligence.
spanone
Jun 2016
#17
Not to mention there surely **will** be another very large "correction" at some point
newthinking
Jun 2016
#36
True, one would not cash out one's entire saving, but one may wish or need
No Vested Interest
Jun 2016
#62
I retired in 2009 at the bottom of the market, luckily I have a DB pension and didn't have to rely
doc03
Jun 2016
#82
so very true. I pulled mine just before the housing crash. I knew it was coming and I am too old to
swhisper1
Jun 2016
#20
you should be highly offended, and your 401K will return if you can wait for markets to level off
swhisper1
Jun 2016
#15
Meanwhile the funds that were in our accounts are in some one else's account
liberal N proud
Jun 2016
#29