6 upvotes, 1 direct replies (showing 1)
View submission: Thoughts on trump’s economy?
If they think their portfolios have taken a nosedive now they're going to be in for a very rude awakening it there's a real crash. 25-50% drops are real, and if that happens right before retirement that's 25-50% of everything you spent 40 years saving. Big crashes can take 10 years to recover fully, and that's a long delay on retirement. You really should only be all in on stocks, even index funds, if you're willing to wait for a 10+ year recovery.
The one silver lining is that macroeconomics are very complex and hard to predict and even a moron at the helm can't singlehandedly crash the ship. It usually takes several things going wrong at the same time (which of course is possible, but it's also possible that a bunch of things go right at the same time as Trump going through this stupid tarrif frenzy).
Comment by ResidentBison4688 at 10/03/2025 at 23:11 UTC
3 upvotes, 0 direct replies
Yep. 100%. It’s exactly what we tried to explain to them and what my partner and I have been privately discussing. It’s why I try to have a bit of empathy, at least with this specific topic, because that would be scary. Hell, I hate working now, I can’t imagine being 75 and staring down the barrel of really never being able to retire and needing to sell their house and not having SS as a supplemental supply of income, plus health care costs for that age. I mean… I kind of am at 26 but there’s plenty of time to change things. They don’t have the luxury of time.