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This message was self-deleted by its author (PeaceWave) on Tue Jan 27, 2026, 06:22 PM. When the original post in a discussion thread is self-deleted, the entire discussion thread is automatically locked so new replies cannot be posted.
Coventina
(29,748 posts)I didn't choose to be in a 401k.
This is what my employers forced me in to, when pensions went away.
If I roll it over into an IRA, it's still in the stock market.
What do I do? Withdraw it, with the massive tax penalty, and stuff it in my mattress?
Please, advise me what I should be doing, and I'll do it, if it doesn't leave me high and dry financially.
LexVegas
(6,959 posts)Coventina
(29,748 posts)I mean, I'm not exactly a high-roller in the stock market.
My retirement was always going to be very modest.
tinrobot
(12,064 posts)Don't buy Tesla, Palantir, Exxon, and many others that are doing real damage.
Instead, find funds or companies that are less destructive.
My accounts allow me to buy bonds, foreign stocks/funds, and even just do a regular savings account. Plenty of options, but you do have to educate yourself and have some due diligence.
Disaffected
(6,412 posts)Correlation is not the same as causation.
I doubt any of the events you cited have much to do with a rising stock market - more the opposite.
ProfessorGAC
(76,726 posts)Worst post on DU this week.
lostincalifornia
(5,366 posts)Last edited Thu Jan 22, 2026, 07:30 PM - Edit history (1)
refused to vote for Hillary in 2016.
In both cases there was NO AMBIGUITY what trump was going to do, and those who voted for trump, or refused to vote for Harris or Clinton are absolutely responsible for this disaster.
Jack Valentino
(5,045 posts)other than the intermittent right-wing trolls who are swiftly banned...
bucolic_frolic
(55,173 posts)The devalued currency is repricing financial assets. So 12% is quite optimistic. Subtract inflation - realistic inflation, not the 2.7% officially reported.
Fiendish Thingy
(23,253 posts)Most, like 65%, of those gains are due to the AI bubble, Not from Trumps warfare.
Eliminate the magnificent seven and the gains are much less.
AZJonnie
(3,707 posts)I mean, my house has also gone up a bit in value (though not 12%) does that also make me complicit?
And even if I had put more money in the 401K, I would deny such an association, as I'd have not being doing so in order to further shitbird's agenda, plus I put my money in socially-conscious tranches (or whatever you call them), not in Big Oil or the MIC!
I say "booooo" to this particular take.
SSJVegeta
(2,860 posts)A general strike or as much of a complete withdrawal from the economy, is likely a reasonable approach.
But a 401k is so diverse that the companies directly responsible for this may only be a tiny percentage of whatever we own -if at all. Wouldnt make much difference if we all withdrew from these companies overnight, assuming we even have the guilty investments to begin with.
leftstreet
(40,721 posts)Torchlight
(6,831 posts)berniesandersmittens
(13,200 posts)yellowcanine
(36,795 posts)What I set up 30 plus years ago in order to have a pension is not relevant to the actions of the orange one. Stop blaming anyone who has a bit of success for the ills of society.
SocialDemocrat61
(7,653 posts)So am I off the hook?
FascismIsDeath
(177 posts)Thats absurd.
Bettie
(19,707 posts)that absorbs losses so the extremely wealthy can always profit.
The big swings of the market...well, our 401ks always lose when it's down, but they never get more than a few crumbs of the cake when it goes up.
We're the suckers and if you want to save for retirement, it's really the only way.
Defined Benefit....Pensions are long gone. Companies figured out that they can screw us* over AND have the money to give huge bonuses to people who don't actually do the work. That's what they call a win/win.
*US: the working class, the suckers who do the day to day work.
Greg_In_SF
(1,256 posts)the funniest thread I have read all week.
EarthFirst
(4,155 posts)If were going down this rabbit hole; the technology that was available to you to make this sanctimonious post was complicit in one way or another as well
fujiyamasan
(1,695 posts)Guess where ICE gets that money?
Looks like were all complicit arent we?