Banned? DM Wmill to appeal.
No anti-nautilism posts. See: Eco-fascism Primer
Slop posts go in c/slop. Don't post low-hanging fruit here.
hahaha jokes on you I have no money for retirement anyway
iirc they did something similar with Tesla although nowhere near as egregious. Trueanon had an episode where Liz talked about this manipulation to make everyone passively invested in Tesla and now they’re doing it even worse with SpaceX which has the absolute wildest prospectus
A $22.5 trillion addressable market, 20 trillion of which is AI, justified by the fact SpaceX leases compute time to Anthropic
An absolute dumpster fire
My brother's 401k lost half its value in the 2008 crash and, despite the latest meteoric rise in stock, he never got it back. Now I see how it happened. You might want to cash out while you still can.
You might want to cash out while you still can.
What does that even mean though?
For a 401k or similar? Move all your shit to indexed bond funds, most likely. You will just barely break even on inflation, but the crash shouldn't completely decimate your retirement account. Then again, with the petrodollar on its way out (inshallah), I don't even know that this is valid advice anymore.
not sure what OP meant, but depending on what your retirement account looks like, control wise, you can "rebalance" your assets to the lowest risk funds. generally those include money market funds, which are highly liquid and tend to only "grow" at or under 1% and their management fees eat even a piece of that. they have pretty strict requirements of diversification and the asset classes are all shit like currencies, treasury bonds, short term secured loans, etc. i think even during the GFC 2007-2008 it was a huge deal that some of the money market funds from banks that went under dropped 2-3% during the crisis and that exacerbated panic since these funds aren't supposed to "break" (decrease in value at all) even during a total shitshow. my understanding is that part of the treasury / TARP bailout was to cover that 2-3% loss even. of course, if congress ever did the thing where they let the government default, that would probably make those funds go haywire and probably induce a coup because the capitalist class relies heavily on treasury bonds.
one could try to actually cash out early, but the taxes owed on early disbursements from retirement accounts are generally prohibitive since retirement accounts are built around deferred taxation. so you basically take a lot off the top if you do that.
anyway, all this assumes like the dollar doesn't become worthless or there isn't a revolution, because then all bets are off and what would a bag of cash in hand be worth then anyway? more or less than a bag of potatoes?
Suddenly I'm glad I just changed jobs, since it allowed me to rollover my 401k into an IRA and I can actually pick non-shit funds or just hold it in cash for a minute
rollover my 401k into an IRA
TELL THEM HOW THE IRA MADE YOU INVEST ANYWAY IN THE FREE AND FALLING STOCKS OF THE MARKETS
I wonder if anyone sells delayed annuities where you pay for it now but don't collect til normal retirement age?
The financial hit you take from cashing in your 401k now, will be less than the loss you'll suffer when the shite hits the economic fan again.
my dad has money invested in this im not even joking all i can do is say "the stock market is a casino never bet what you cant afford to lose" but then again hes got retirement from like 3 sources so hes insulated
All of this shit is made up and money isn't real. Give me healthcare.
For how long has the game been rigged? This is just further proof that none of it means anything, that even more of the rules can be changed at any time to benefit the haves at the expense of the have-nots.
The shark has been jumped long ago, but the shit keeps getting more and more brazen.
For how long has the game been rigged?
Since March 20th 1602
Always has been. They've just utilized people's complacency to unabashedly take a more than ever before.
How?
I begrudgingly have to accept that Elon is some type of genius. He has convinced the entire stock market to be his bagholder on his quest to become a trillionaire.
we need some boomer on the verge of retirement to step up 
Gen X Luigi, but it's literally a guy named Qbert. The FBI starts arresting all Quincy Burtons in the US as a precaution.
So deeply irresponsible
It’s all Trump Bux now, he’s enmeshed, now Elon is enmeshing. Gross. It’s all so gross.
From the bogleheads (emphasis mine):
"... VTI (and most index funds for that matter) are free float adjusted. Meaning space x is selling less than 5% of the company, so it’s treated at the less than 5% of the 1.75 trillion that is reported. It will not make it a top 10 company like it would if the whole company was sold. It will be a more like $50-100 billion company depending on the exact numbers. As they sell more VTI will slowly have more."
Essentially this will have a fairly minor impact on most people's 401ks. If you are very concerned it may be worth checking the funds you're invested in to see if they're free float adjusted or not.
lmao
They are really slaughtering all their golden geese right now.
So... pull out my 401k?