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Yo_Mama_Been_Loggin

(107,111 posts)
Mon Jul 6, 2020, 02:48 PM Jul 2020

Trump warns that your 401(k) could 'disintegrate and disappear' if he loses the 2020 election

How is your 401(k) doing?

With tech stocks leading the advance, the Nasdaq Composite (COMP)just broke into uncharted territory. Tesla (TSLA)took out a fresh high. So did Netflix (NFLX) And Amazon (AMZN)reached $3,000 for the first time ever.

Whatever the current status of your retirement account — if you actually have one — President Trump, in a tweet on Monday, warned that any gains you might be enjoying could “disintegrate and disappear” in a hurry if he doesn’t win another four years in the White House:


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Is that true? Should investors be scared into voting for Trump?

Not according to strategists at JPMorgan Chase & Co. (JPM) who say that a win for former Vice President and presumptive Democratic nominee Joe Biden, currently ahead of Trump in recent national polls, would be a “neutral to slight positive” for stocks.

https://www.msn.com/en-us/money/retirement/president-trump-warns-that-your-401-k-could-disintegrate-and-disappear-if-he-loses-the-2020-election/ar-BB16oJNy?li=BBnbfcN&ocid=DELLDHP

Jeff Tiedrich's response:


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23 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
Trump warns that your 401(k) could 'disintegrate and disappear' if he loses the 2020 election (Original Post) Yo_Mama_Been_Loggin Jul 2020 OP
He's just flinging poo leftieNanner Jul 2020 #1
Actual quote: Blah de bla bla. Snort Blah Blab. LakeArenal Jul 2020 #2
bullshit...but my trump-loving family members have already thrown this up to me... Sancho Jul 2020 #3
Give this reply... keithbvadu2 Jul 2020 #22
BS wryter2000 Jul 2020 #4
Expect a legal Stock Market . . . Iliyah Jul 2020 #5
No Fucko, it's going to disappear if you win. BannonsLiver Jul 2020 #6
Worth it lame54 Jul 2020 #7
The bloated market with some stocks at a ridiculous price just for 1 share? Brainfodder Jul 2020 #8
Jeff Tiedrich... consider_this Jul 2020 #9
My 401K survived Bush it will survive mf45 kimbutgar Jul 2020 #10
Why? Is he planning Retrograde Jul 2020 #11
He's projecting what he's going to do duforsure Jul 2020 #12
do straightjackets come in an xxl because this orange imbecile agingdem Jul 2020 #13
XXXL Yo_Mama_Been_Loggin Jul 2020 #21
Then Why Were Annual Returns Under Obama... ProfessorGAC Jul 2020 #14
go away bdamomma Jul 2020 #15
So he's planning on making Treasuries worthless? roamer65 Jul 2020 #16
Last I checked get the red out Jul 2020 #17
Many folks are living off their retirement savings central scrutinizer Jul 2020 #18
Well the blathering idiot is once again Wellstone ruled Jul 2020 #19
If he is re-elected safeinOhio Jul 2020 #20
"Nice country you had here. Shame if anything happened to it. So here's some friendly advice. struggle4progress Jul 2020 #23

leftieNanner

(14,998 posts)
1. He's just flinging poo
Mon Jul 6, 2020, 02:50 PM
Jul 2020

Trying to get something to stick to the wall.

That being said, I would gladly live a more frugal retirement if it means getting rid of Ass Face.

keithbvadu2

(36,369 posts)
22. Give this reply...
Mon Jul 6, 2020, 06:18 PM
Jul 2020

Pay attention when Trump claims the economy is going down the drain if he is not reelected.

He is telling us what condition he is going to leave the country in.

wryter2000

(46,016 posts)
4. BS
Mon Jul 6, 2020, 02:52 PM
Jul 2020

The stock market always does better under Democrats. Expect a huge jump in November if Biden wins.

The only things that have hurt me financially are my mortgage going underwater under Bush II (Obama's HARP got me a cheaper one) and this Anus Mouth's disaster of a response to COVID lowering the value of my 401k.

Brainfodder

(6,423 posts)
8. The bloated market with some stocks at a ridiculous price just for 1 share?
Mon Jul 6, 2020, 02:59 PM
Jul 2020

Especially shares with no upside except their value?

Retrograde

(10,073 posts)
11. Why? Is he planning
Mon Jul 6, 2020, 03:05 PM
Jul 2020

to take all the funds and flee to a country with no extradition treaty when he loses? (not that he seems to understand how 401Ks work based on his tweet)

duforsure

(11,882 posts)
12. He's projecting what he's going to do
Mon Jul 6, 2020, 03:22 PM
Jul 2020

Crash the markets, then blame Democrats. He knows the economy is failing now, and looking for excuses, again, because he knows he will lose. trump's revenge, even hurting his own people.

agingdem

(7,759 posts)
13. do straightjackets come in an xxl because this orange imbecile
Mon Jul 6, 2020, 03:31 PM
Jul 2020

is begging for one?... he is an 8 track tape in a digital world...

ProfessorGAC

(64,425 posts)
14. Then Why Were Annual Returns Under Obama...
Mon Jul 6, 2020, 03:36 PM
Jul 2020

...(last 6 years) better than what investors are seeing now?
Why did the market boom under Clinton?
Why is NASDAQ down 20.8% YTD?
Why is S&P down 3.92% YTD?
Sounds like 401ks are already negatively impacted.

roamer65

(36,739 posts)
16. So he's planning on making Treasuries worthless?
Mon Jul 6, 2020, 03:39 PM
Jul 2020

Cuz that’s what I’m in.

If he does, that will be one helluva ride.

get the red out

(13,459 posts)
17. Last I checked
Mon Jul 6, 2020, 03:40 PM
Jul 2020

The stock market has been doing what it’s going to do long before Trump threw US tax money at it like it was a porn star.

 

Wellstone ruled

(34,661 posts)
19. Well the blathering idiot is once again
Mon Jul 6, 2020, 04:05 PM
Jul 2020

pushing the Bullshit Button on his phone. The Market will once again drop like a rock in the next few weeks as this Virus ramps up.

If,as expected,Vegas shuts down because of lack of compliance as mask wearing,and the Pool and Day Parties are a total mess,no masks. Then watch the market take a major dump.

struggle4progress

(118,041 posts)
23. "Nice country you had here. Shame if anything happened to it. So here's some friendly advice.
Mon Jul 6, 2020, 06:23 PM
Jul 2020

Vote for me and I'll protect you. Don't vote for me, and I can't say what might happen. You understand?"

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