This Is How You Lose the Tariff War

[Suppressed Poet]

What is happening right now is exactly why I have always viewed 401ks as problematic for the employees. This just proves my point.

My state has a retirement plan. The money that I put into it has lost 20% of its value since last week. It's a good thing I'm not relying on it right now. Imagine all the people who had planned on retiring this week? All the people who are drawing on it currently?

The working class are getting savaged by the elites on a massive scale right now.

I plan to retire early, but still have another 15 years or so until that is possible. For those people, which is most, dips in the market and even full blown recessions are to be expected, normal, and you can ride the recovery wave to even greater gains over time. It’s a long term investment strategy and money is made through the power of compounding interest over time.

For those that are in retirement now or plan to retire soon, if they are a savy investor & risk adverse (as you should be as you get older and build wealth) they should have migrated a big chunk of their portfolio to treasury bonds and other safe bets. You trade lower returns for lower risk. Guess what? When the stock market goes down…treasury bonds, commodities like gold, and other safe assets don’t lose their value.