• TrickDacy@lemmy.world
    link
    fedilink
    arrow-up
    17
    ·
    4 days ago

    Copying what I just wrote elsewhere because it’s even more relevant here:

    My 401k lost value significantly the week before the election, but has rebounded now. The slime balls who dominate the stock market must have been afraid that Harris would win. This country is disgusting.

    • QuarterSwede@lemmy.world
      link
      fedilink
      arrow-up
      1
      arrow-down
      1
      ·
      3 days ago

      My 401K was up 6.28% for the last quarter, 11% election week, and post it’s up 21.53%. Not sure what your 401K is investing in compared to mine …

      • TrickDacy@lemmy.world
        link
        fedilink
        arrow-up
        1
        ·
        edit-2
        3 days ago

        Hmm, interesting. I couldn’t tell you really, other than I selected an option that is supposed to be slightly on the higher-risk/high-growth potential side

        • QuarterSwede@lemmy.world
          link
          fedilink
          arrow-up
          2
          arrow-down
          1
          ·
          3 days ago

          I usually go balanced. I’m not a major risk taker and that’s done well for my portfolio over the years.

    • PotatoesFall
      link
      fedilink
      arrow-up
      22
      ·
      4 days ago

      their companies are expected to do well so the share price goes up. their wealth isn’t all cash in a bank, it’s mostly owned shares and other assets.

      capitalism is a bit silly sometimes

        • TimLovesTech (AuDHD)(he/him)@badatbeing.social
          link
          fedilink
          English
          arrow-up
          2
          ·
          4 days ago

          And the same asshats that voted for him are going to be paying for these tariffs with higher prices and blame Biden. And the companies are going to make record profits and get more tax breaks and government handouts.

          • Flying Squid@lemmy.world
            link
            fedilink
            arrow-up
            1
            ·
            4 days ago

            Huge tax cuts in a country where the economy crashes at most offset the damage. Elon and Zuckerberg would do better not to stick around, but I don’t think they’re that smart.

            • TrickDacy@lemmy.world
              link
              fedilink
              arrow-up
              2
              ·
              4 days ago

              I’m definitely not implying they are smart or will profit as much from his presidency as they think, but they’ll be just fine. They cannot wait to have the American working class subsidize their companies, and that will happen. And the Trumpist morons will somehow love it and swear their taxes are lower too.