I'm waiting to hear how many of my colleagues pension portfolios

[malaise]

crashed and burned with Brexit.

We made a really good decision last year when I decided to retire.

[Ace Rothstein]

1. Probably not too many.

The DJIA closed ~300 points lower yesterday than it did the previous Friday. If it continues to drop next week it can become an issue but yesterday wasn't really that big of a deal.

[Adrahil]

2. Mine took a hit....

But I still have 15 years till retiremnt.

[malaise]

11. You'll make it back

You have time

[Agschmid]

3. Our family lost about 60k across 3 401k's.

[malaise]

10. All for Cameron's party in-fighting

This planet is fugged royally

[JustABozoOnThisBus]

4. I also made the wise decision to retire last year ...

... So the Brexit had no impact on my 401K. It did, however, impact the IRA that the 401K rolled into.

The difference: I don't have to listen to people at work gripe about it. I can listen to people at the park gripe about it.

Enjoy retirement!

[malaise]

7. I'm absolutely loving it

Hope you're doing the same.

Our pension funds took a hit in the early 2000s - I could not take another one. Enjoy your retirement as well.

[msongs]

5. oh no my investment company made poor investment choices and now its crashed lol nt

[malaise]

8. They did it once before

Believe me

[Hortensis]

6. I got tired of seeing the numbers go up and

down (well, really it was just the down that bothered), and we moved some of our meager savings into real estate. So that's mostly unaffected, I think. As long as retired Canadians can still afford to winter in Florida in large numbers, and it seems that they will mostly be fine.

Nice to hear you're retired and pleased with yourself. Enjoy.

[malaise]

9. Didn't know I'd enjoy it this much

[Hortensis]

18. Lol. You've just joined society's happiest segment

outside childhood.

[malaise]

19. Seems that way

I'm really enjoying it.

[brooklynite]

12. I have a guaranteed State pension...as well as a lot of personal investments

No worries about riding out the market uncertainty.

[leftofcool]

13. We took a pretty big hit. 17K

I think it will come back.

[LettuceSea]

14. There were a lot of new FX speculators who thought the GBP would shoot up after the vote...

I feel really bad for those people. They're gonna think the markets are rigged for the rest of their lives...(because they didn't realize the GBP went on a tear 5 days before the vote, hitting 2016 highs in anticipation of a "yes" vote)....at those levels the GBP would have sold off even if they chose "remain".

Stocks, 401k etc, you're gonna be fine as long as you aren't over-invested. Until then, A LOT of people were not positioned correctly for this event, and the market will make them pay. They gotta be slaughtered until we go up again, that's just how it works . Buying opportunity for some, disaster for others....

[B Calm]

15. They say it will take up to 5 years for Brexit to happen, but the Wall Street Banksters found a

new excuse to steal our investments.

Someone in Greece sneezed, DOW drops. Someone in China has an headache, DOW drops. I remember a time when the USA lead the world markets, not anymore.

[LettuceSea]

16. TBH, yesterday's sell off was wayyyyy too orderly

And I saw waayyyy too many people on an 'investing' site I fade who were buying that opening AM surge.

This will take awhile to clean up, but it's not the end of the world. I hope people practice good bankroll management and don't get too greedy or scared either way. Head on a swivel these next few weeks!

[JustABozoOnThisBus]

21. I'm sure the investment houses and fund managers had the actions pre-programmed.

All they had to do is select "Brexit" or "No Brexit" on their computers and the pre-arranged selling and buying would happen.

They were pre-programmed for either outcome. If they weren't prepared that way, they're in the wrong line of work.

I was prepared: As soon as the markets opened, I walked in and bought tomatoes, cauliflower, milk. Then I filled the gas tank, because "I'm going place!"

[malaise]

17. Yep - they always find any excuse to steal

from the rest of us.

[B Calm]

20. Seems that way. It's common knowledge Wall Street Banksters

lie, cheat and steal.
?itok=sHkhIazp

[TheBlackAdder]

22. The U.S. gets a small taste of why the world hates it when Americans fuck with the market.