Investors: (Stock Market, 401 Ks, Real Estate, etc.) How many of you are worse off now than four years ago?
- Thread starter noStemsnoSTICKS
- Start date
Way better off. The market continually marching upward has beefed up the 403b. Love it.
My real estate holdings and my investment accounts (retirement plans and non-retirement accounts) are up substantially over the time that Biden has been in office. Granted, some of that has been offset by inflation, but they are up far more than the rate of inflation during that time.
To be fair, they also increased substantially while trump was in office.
A month or so ago, a couple of long-time friends (one very liberal, the other very conservative) were arguing on facebook. The conservative stated that between he and his wife, they'd lost "millions" in their retirement accounts. I stopped short of calling him an outright liar (though I'm sure he was, because with what he and his wife did for a living it's highly unlikely that they had much more than a million apiece in their 401ks) - but I did ask him WTF he was invested in that he lost millions of dollars in a time when the stock market overall was up significantly, and why he kept riding to the bottom whatever the hell it was he'd invested in. Not surprisingly, he never responded to me.
To be fair, they also increased substantially while trump was in office.
A month or so ago, a couple of long-time friends (one very liberal, the other very conservative) were arguing on facebook. The conservative stated that between he and his wife, they'd lost "millions" in their retirement accounts. I stopped short of calling him an outright liar (though I'm sure he was, because with what he and his wife did for a living it's highly unlikely that they had much more than a million apiece in their 401ks) - but I did ask him WTF he was invested in that he lost millions of dollars in a time when the stock market overall was up significantly, and why he kept riding to the bottom whatever the hell it was he'd invested in. Not surprisingly, he never responded to me.
Any adult that desires purchasing a home but hasn’t done so yet is worse off. Homes are off the charts expensive and unattainable for the majority.
To say, "any" adult is an exaggeration in my opinion. I believe it's especially hard for young adults and first-time buyers to break into the market. I'll give you that.
But responsible adults who have properly saved are buying houses right and left. Two of my siblings are realtors (one in the Midwest, one in Cali), and they've been closing deals all summer long.
I believe Harris has a policy plan in the form of a credit for first-time buyers. Does anyone know if trump has a similar plan?
If people are worse off than they were four years ago, they have bigger problems than the stock market, 401k and/or real estate.
Anyone who's been invested and working has done well over the past four years,.. Others, not so much.
Which is likely bolstered by record-low unemployment.
I was doing fantastic both in my stock mutual funds and home value I purchased in January 2021. Killing it the last 4 years with property price and portfolio. Unfortunately, I sold my house and cashed in my portfolio mid March and put it all into DJT and now have way less than I did 4 years ago. Thanks Kamala.
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So I guess that leaves out the maga cult losers. Unless you're counting empty Keystone Light cans and a 31 year old trailer as an investment
The market has done better than i expected, and then i sold 20 acres of level land, that has a river running underneath, so its been a good yr.
Leaves out most non-invested people who live paycheck to paycheck on a fixed income,.. Inflation has devastated this group.
hawkeyetraveler
HB Heisman
If he was deep in the cult maybe your conservative friend liquidated his normal investments to put it all in Truth Social and Trump NFTs.
I had to start drawing down my 401(k)s but they've managed to maintain or even grow a little since I started. I'm waaaaay better off.
Almost everyone I know is better off now than 4 years ago, it would be difficult not to be better off considering the expansion of the economy under Biden.
I’m more convinced than ever that those who aren’t doing better now is because it’s most likely a “you problem”.
I’m more convinced than ever that those who aren’t doing better now is because it’s most likely a “you problem”.
So the wealth inequality issue is a "you problem"?,... I guess in many cases I would sort of agree with that.
The people who are worse off are the poor and young workers. Or those who invested heavily in Dollar type stores.
The comparison isn't even close. I did well in 2020, but since then I have done very very very well in investments.
They should have improved their lives thru education and advanced training, gotten a decent job, worked hard, saved, and invested. You know, the 'Merican dream. Accountability is a bummer for those paycheck to paycheck folks who didn't.
that's because you spend most of your money on dildos
Not sure my investments were down in totality during any presidency.
Seems rather pointless to look at it in that context.
Seems rather pointless to look at it in that context.
- Sep 13, 2002
- 96,650
- 199,274
- 113
There have only been three times in the last ~100 years where the stock market dropped over the course of a presidency...Hoover (a lot, close to 30%), Nixon (minimal, 1 or 2%), and Dubya (2 or 3%)
Source https://darrowwealthmanagement.com/blog/stock-market-performance-by-president-in-charts/
Wealth inequality is a major issue in this country and has been for a very long time but that’s largely out of most people’s control and is long overdue to be addressed by governmental policy IMO.
Each individual’s earning potential however can be enhanced through education, training and through investing and taking a risk in yourself. That’s the “you” part of the equation I was referencing that we all have some measure of control over.
I
www.macrotrends.net
These are actually average annual returns. W was down 33%. Trump and Biden are neck and neck at the same point. Hopefully the trend follows like it did in the last two President's first four years.There have only been three times in the last ~100 years where the stock market dropped over the course of a presidency...Hoover (a lot, close to 30%), Nixon (minimal, 1 or 2%), and Dubya (2 or 3%)
Source https://darrowwealthmanagement.com/blog/stock-market-performance-by-president-in-charts/
S&P 500 Performance by President
This interactive chart shows the running percentage gain in the S&P 500 by Presidential term. Each series begins with the closing value of the month of inauguration and runs to the closing value of the last month of the term. The y-axis shows the total percentage increase or decrease in the...
The responses on here sound like Facebook posts, about how awesome their lives are and how great their kids are just before picking them up at the Juvie Hall.
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