this post was submitted on 13 Apr 2024
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[–] [email protected] 45 points 6 months ago (2 children)

“Just sat down with my broker yesterday and am having him move $10,000 of my Roth IRA, that we had sitting idle for kind of like an extra ‘emergency fund’, into $DJT stocks!” one user declared excitedly. “This is the only time I would hope for the price to drop so I can get as many shares as possible!”

This is why we still need Social Security instead of just self directed retirement savings. Roth IRA savings are NOT where you source funds for buying meme stocks. With their mindset this person is going to end up penniless going into retirement, but luckily they'll have some money from Social Security. They will only have that Social Security money because there was no way for them to touch it.

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[–] [email protected] 13 points 6 months ago (1 children)

I didn't even know I was sick!

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[–] [email protected] 125 points 6 months ago (4 children)

Biden is responsible for my loss of money because I chose to invest in a stock that was clearly a money grab.

—Republicans

[–] [email protected] 32 points 6 months ago* (last edited 6 months ago) (1 children)

In a not-really-defense of their BS, by investing in DJT they've set up their net worth to get absolutely ruined during Biden's 2nd term.

[–] [email protected] 46 points 6 months ago (6 children)

It would be ruined in Trump’s second term too. No one with real money bought that lie. He’s just making the middle class poor.

[–] [email protected] 30 points 6 months ago* (last edited 6 months ago) (1 children)

I'm trying to assume no 2nd Trump term for my mental health. Also I am, on the admitted basis of no special knowledge, worried that DJT stock is just a way for foreign money to get laundered and thus not subject to normal economics if he is reelected.

[–] [email protected] 17 points 6 months ago

You and me both. I can’t do it again. 😩

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[–] [email protected] 86 points 6 months ago (7 children)

On Truth Social, retail investors are encouraging each other to keep the faith. “When the whole world is set on ruining you with everything that they have got, it’s a good sign that you are likely on the right side of things,” one person wrote on Thursday.

Well, that's certainly one investing strategy.

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[–] [email protected] 24 points 6 months ago

No one likes the stock.

[–] [email protected] 47 points 6 months ago* (last edited 6 months ago)
[–] [email protected] 52 points 6 months ago
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