Playing with the markets is dangerous way to rock it to the “big guy”.. Remember 401K, pension plans etc. are the only source of income for some individuals
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Playing with the markets is dangerous way to rock it to the “big guy”.. Remember 401K, pension plans etc. are the only source of income for some individuals
6 replies on “crash granny’s portfolio”
My dad once told me many moons ago not to put any money in the stock market that I couldn’t afford to lose, that’s why I divested myself from stocks years ago when I knew I would not have the time to make back the money after a potential catastrophic loss.
To those concerned about the nation’s grannies, the only grannies invested in hedge funds would be those of the Nancy Pelosi stratum of economic endowment. Worry not.
First off, your granny is being taken to the cleaners by wall Street with her 401K, pension plan, or whatever BS plan being sold to the unaware by not only the wolves running Wall Street but our government too. Second, no one’s shorting 401K’s and pension plans to my knowledge, but if some asshole hedge fund tried, wouldn’t you jump on board to save her if you could? Wall Street has to be the most volatile place to invest one’s money for retirement. What just happened with the Game Stop Stop Revolution, along with what the sanitizing light of day has exposed, should scare the crap out of everybody. I put my value (money) into things I can sell or trade, not stock, and not the government’s paper or promise. My skills are my survival. I fix things, anything, I will always feed my family while keeping a dry roof over our heads. How are folks kids with gender study degrees and crushing student debt going to get by? YOU’RE DEFENDING THE BIG BAD WOLF, WALL STREET! Tell your granny to buy copper, silver, art, rare stamps, antique furniture, antique cars, and anything that will hold real trade value in the future.
This WSB thing is the first time that a group of people actually voted with their dollars. Though ham fisted this is the first time people have used stock buys as a form of protest. If anything the attention and light this shined into the dark corners of our financial markets and the reality that there are different rules for Wall Street Big Wiggs. The possible upside of all this is that it might force companies to consider the risk of drawing the ire of the little guy since the little guy now has the means to cause actual financial damage.
Amen!
I recommend avoiding any investment that shorts stocks to anyone that will listen.