this post was submitted on 05 Apr 2025
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Leopards Ate My Face

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[–] [email protected] 10 points 2 months ago

May she sell at the bottom and buy back after the recovery.

[–] [email protected] 2 points 2 months ago

Absolute Cinema! 😁

[–] [email protected] 14 points 2 months ago

the whole right wing outrage over mayor wu giving condolences to the family of the attacker is wild when you realize that she was doing that because first responders killed him without any other casualties or injuries to victims.

[–] [email protected] 12 points 2 months ago
[–] [email protected] 54 points 2 months ago (1 children)

thanks for the info I’m uneducated, seriously uneducated

Huh.

[–] [email protected] 24 points 2 months ago

He is self-aware at least, I'll give 'em that.

[–] [email protected] 10 points 2 months ago

There's so much wrong with this. I'm sure that whomever this is will be in for a rough go over the next few years.

[–] [email protected] 25 points 2 months ago* (last edited 2 months ago)

Pure karma lol.

Maybe she need to stop her dumb whining woke and socialist (pension) crap. We live in capitalism, it is just business. You have been unburden by pension.

[–] [email protected] 16 points 2 months ago (2 children)

Most of boomers will have their 401k (unknowingly) invested into the stock market by their employers.

If they didn't have the independance of mind to recognize shit was going down because of the prez, then it could take their retirement years to recover.

[–] [email protected] 7 points 2 months ago* (last edited 2 months ago) (2 children)

Most of boomers will have their 401k (unknowingly) invested into the stock market by their employers

That's not what a 401(k) is. A 401(k) is just a regular investment account that has special rules around taxes because it's meant to be cashed out when you retire. Everything in a 401(k) is in the stock market (though it can include bonds, mutual funds, etc. too), and none of it is managed by the employer. The employer just makes contributions that the employee decides how to manage.

It's entirely possible that people don't understand their 401(k)s, and that the employer went with a full service broker that manages the 401(k)s on behalf of the employees. But, it's not possible for the employer to invest 401(k)s into the stock market because the employer simply makes cash contributions and then it's hands off.

Pensions are different. Pensions are things where the company agrees to pay the employee a certain amount when they retire. In that case the employer is definitely investing in the stock market -- although, in this case, they almost certainly hire a company to manage it for them.

[–] [email protected] 4 points 2 months ago (1 children)

That's not entirely true. Your employer chooses the financial investment platform and a few select equities that you can invest in. I get like 12 options, including a money market and a few ETFs. I'm also subject to very high maintenance fees.

So, YMMV. Larger firms will often have better investing options for their employees.

[–] [email protected] 2 points 2 months ago

True, sometimes a bad employer has a bad 401(k) setup with limited choices. But, they're still not the ones investing in the stocks or mutual funds. They just choose the 401(k) partner and then you have to pick from their offerings.

[–] [email protected] 4 points 2 months ago

i see, thanks for the correction.

[–] [email protected] 5 points 2 months ago

That's what a 401(k) is though. If it's unknowing then they just know it's a savings account. Being mad you weren't told that fact is like being mad you weren't told your health insurance involved giving some of your paycheck to a third party who will only give some back if you get sick.

Pensions I agree with you there, pensions are a black box where you put money in, they decide how to manage it, and money comes back out when you're old

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