OT 401k

I have lost over $300 K in my 401k during Biden’s administration.

 

I've posted similar in the past months. I have made so much more money under Biden's watch than under Trump's. And I just do not understand why the Biden team isn't leaning in hard on this. And @tlongll, all I can say is perhaps you should consider changing financial planners......

 

Damn. Check your investments. Get a better financial advisor. Mine has soared. I can spare enough to buy solar panels.

 

You must have a bad mix of stocks &/or bonds. My portfolio is up over 35% since Biden took office.

 

Hmmm... Looks like you might want to re-think who's handling your investments...

 

You’re doing something wrong.

 

That may be a Trump supporters latest card to play. “What are you talking about my 401k is in the shitter”. “Fake News”. lol

 

As is mine.

 

Here is a great tool to convert your assets to GameStop

 

You need to fire your broker or change brokerage. No one I know has lost like that with a Roth or traditional Ira even
my two IRAs and PERS account have crushed it under Bidens watch. My wife is killing it trading stocks this year. I don’t do that but she’s crushing it. the biggest problem I see is price gouging causing inflation. In Oregon you shouldn’t be paying 80 bucks for a sheet of plywood that’s made in your own county

 

Agree… my electric bill just went up for the second time this year…apprx 30% increase in last 12 mo.
Glad I have natural gas, water, furnace an stove.

 

PG&E raised rates again. Glad I will soon be done with electrical portion.

I am acutely aware of price of butter and eggs.
Gas is down but I do so little driving since retirement, I can go a month without gassing my Corolla.

 

PGE...This 18% increase is the largest in more than 20 years. An average household can expect an average of $22 per month more on their PGE bill. This is on top of a rate increase on January 1, 2023. Combined the two increases mean bills in January 2024 are 30% higher than bills 13 months ago, in December 2022.

 

Take a look at who owns most of PGEs stock.

Now look at the largest investors in the US military supply and equipment business.

Look at other sectors such has who is buying the most homes, driving up rents. The medical and drug sectors.

My point is. The names of a few very large private equity firms, and investment firms, keep showing up on every list.
And the list of sectors they control, is growing.

These few companies are now so large, they can manipulate stock, product, and service prices. They also have a lot of influence/control over our politicians.

 

And they are getting into professional sports as it's a great return on their investment.

 

I only did a quick surface search for 1 private equity firm, Blackrock.

The only team Blackrock is invested in is an 8% share of Manchester United. However.

Blackrock owns shares in a very long list of sports related companies, many in the USA.

 

I wonder how the homeless veterans’ and single mothers’ stocks are doing? Hopefully they are seeing enough returns to offset inflation so they can afford groceries and rent. Lol. Is there any way to invest in Fentanyl? Seems like “healthy” gains cound be made there in the ol portfolio.

 

I’m sure Trump will put groceries on their table if he gets reelected he’ll probably create millions of coal mining jobs too.

Compared to the rest of the civilized world the U.S. economy has sustained decently through the epidemic. If you think inflation is bad here you should see all of Europe.

The stock market was always the Trump’s greatest metric during his time in office