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May she sell at the bottom and buy back after the recovery.
this post was submitted on 05 Apr 2025
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Leopards Ate My Face
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the whole right wing outrage over mayor wu giving condolences to the family of the attacker is wild when you realize that she was doing that because first responders killed him without any other casualties or injuries to victims.
thanks for the info I’m uneducated, seriously uneducated
Huh.
He is self-aware at least, I'll give 'em that.
Pure karma lol.
Maybe she need to stop her dumb whining woke and socialist (pension) crap. We live in capitalism, it is just business. You have been unburden by pension.
Most of boomers will have their 401k (unknowingly) invested into the stock market by their employers.
If they didn't have the independance of mind to recognize shit was going down because of the prez, then it could take their retirement years to recover.
Most of boomers will have their 401k (unknowingly) invested into the stock market by their employers
That's not what a 401(k) is. A 401(k) is just a regular investment account that has special rules around taxes because it's meant to be cashed out when you retire. Everything in a 401(k) is in the stock market (though it can include bonds, mutual funds, etc. too), and none of it is managed by the employer. The employer just makes contributions that the employee decides how to manage.
It's entirely possible that people don't understand their 401(k)s, and that the employer went with a full service broker that manages the 401(k)s on behalf of the employees. But, it's not possible for the employer to invest 401(k)s into the stock market because the employer simply makes cash contributions and then it's hands off.
Pensions are different. Pensions are things where the company agrees to pay the employee a certain amount when they retire. In that case the employer is definitely investing in the stock market -- although, in this case, they almost certainly hire a company to manage it for them.
That's not entirely true. Your employer chooses the financial investment platform and a few select equities that you can invest in. I get like 12 options, including a money market and a few ETFs. I'm also subject to very high maintenance fees.
So, YMMV. Larger firms will often have better investing options for their employees.
True, sometimes a bad employer has a bad 401(k) setup with limited choices. But, they're still not the ones investing in the stocks or mutual funds. They just choose the 401(k) partner and then you have to pick from their offerings.
i see, thanks for the correction.
That's what a 401(k) is though. If it's unknowing then they just know it's a savings account. Being mad you weren't told that fact is like being mad you weren't told your health insurance involved giving some of your paycheck to a third party who will only give some back if you get sick.
Pensions I agree with you there, pensions are a black box where you put money in, they decide how to manage it, and money comes back out when you're old
God, the Zelensky one gets me.
He's not begging for money you ignorant, narcissistic, walking dunning-kruger, fascist supporting asshole.
He's literally fighting a war against an enemy of America since the 1950s that invaded his country and he's asking for help so his countrymen and women don't die or get oppressed by Russian annexation.
He's on the front lines, we should be thanking him you dumb cunt.
Help promised by the USA for giving away their nukes.
And Russia. And the UK, I believe?
Yes, if any one of them invaded, the others would come to their defense provided they give up their nukes which they did. It turns out that was a huge mistake because nobody has any integrity.
Turns out people generally don't like war against nuclear powers and would rather watch someone else get invaded than risk themselves getting nuked. Ironic, considering the context.
That was a Babylon Bee link. Right-wing version of The Onion.
I should have been clearer, apologies. I understand the article is fake, I just hate that she finds this even remotely funny or felt the need to share in any way.
Fair. Just thought I'd clarify in case someone missed that.
There's so much wrong with this. I'm sure that whomever this is will be in for a rough go over the next few years.
So uh... I had to look up the term 'CJ Degree.'
... Criminal Justice.
As in... learn 'industry practices' to be qualified as a corrections officer (jail/prison guard), private detective, cop, paralegal, etc.
The first thing that came up was a particular college's course overview and goals checklist... one of the goals was ...
Attend a financial literacy workshop.
So not only is this person a moron, not only is this person in all likelihood a prison guard, not only did they go to college to become a prison guard, they shouldn't have even graduated with their degree.
As a person from a white trash neighborhood, who got real degrees, first in the family to go to college... I have not gotten white trash vibes this strong in quite a long time.
Maybe I'm on my stem high horse here, but why does a college degree not specifically about business require a financial literacy workshop? Like if its a gen ed that's fine, though its really a high school level class.
I got a STEM degree that didn't require any financial classes. I learned all that on my own once I started making adult money at nearly 30. I see (quite a lot of) others in my same boat who didn't bother and are making six figures while living paycheck to paycheck still. The last round of layoffs were quite a shock to these people.
I'll give big credit to my parents who also never saved a dollar and gave me the fire inside to never allow myself to wind up in the same position after seeing the disastrous results of said decisions.
Edit: funny that a CJ degree is mentioned as my aunt and her (trash of a human being) prison guard husband took out a $500k loan to remodel their $250k house. They got divorced last year and still can't sell that house. He lives in Florida now and she moved into a trailer park.
Specifically in regards to criminal justice?
A broke, in debt, PI or cop or guard is more likely to be susceptible to bribes, corruption, graft.
These are all theoretically supposed to be public servants, right? Probably a good idea to do the bare minimum to make them less easily corrupted.
In general?
Financial literacy, you know like... how to do a budget for your home, home a mortgage or credit card works, low interest rates on debt work, reasonable total monthly expenses per category, rules of thumb for how much you should put aside in savings... how credit scores work...
All of that except credit scores used to be fairly commonly taught in just public schools, not too many decades ago. Credit scores weren't covered because they were fairly new back in the 80s.
Now, its not. Hasn't been for a while.
So, you can't anymore assume this was ever covered by high school or your general requirements for any particular degree, thus must specifically require it.
I get that but high school is supposed to be "here's how to function in society as a member of a democratic nation" college is supposed to be "here's a bunch of well rounding, then we're gonna make you understand something enough that you have a firm grasp on it". All of college is supposed to be above the level of personal finance
All of college is supposed to be above the level of personal finance
Supposed to be, yes, but it actually isn't.
We have just kept passing so many kids that shouldn't have even been able to graduate high school, or even middle school, that now many colleges and unis have to pick up that slack and offer courses that start at what used to be like an 8th or 9th grade level just a decade ago.
Fuck, I felt like an idiot for redoing Calculus 124, 125 and 126 even after I already had the credits for 124 and 125 from my High School AB Calc AP test.
I passed it, but only with a 3, which was enough for the credits, but I didn't trust my own understanding well enough, and just did the whole Calc cycle my freshman year.
I went to the best 'public' Uni in my state, from 07 to 11.
I was 2 years ahead of the 'standard' math track in my high school.
Even back then, absolutely tons of people were getting accepted into my Uni who'd only gotten as high as Pre-Calc, or even just Trig.
And thats to say nothing of the massive, massive number of foreign students who literally could not speak English, read it maybe, but speak it? No, not more than 50 words.
They would chatter in their native tongue during final exams, and nobody cared at all.
A lot of these kids were obviously from very wealthy backgrounds and had a ghost writer write, their submission/entrance papers, I know because their friends who actually could speak English told me they did.
But that is nothing, nothing compared to what its like now.
Its now been 40 years of the Republicans doing everything they can to fuck over education in every way imaginable, there is beyond negative infinity chance I could now afford to get the education I got a decade ago now, and there are shit tier, rob you blind pop up private colleges everywhere that cost even more...
The US functional literacy rate is now about 80%.
20% of US adults, over the age of 18, cannot do more with English than read Hop on Pop, functional iiteracy is basically defined as 2nd grade level or worse.
The average US adult literacy ability is ... at the level of a 5th or 6th grader. Half the country reads at an elementary school level.
Thats on par with like... Laos, Belize, Iraq.
I am willing to bet a similar proportion of US adults are just utterly innumerate, cannot handle basic algebra, much less a compounding interest rate calculation.
Unfortunately there’s a lot of criminal justice jobs that only require a two year technical degree. Depending on location and school it’s likely that it was “check the boxes” kind of program for a field that is understaffed.
Ah, the prison-industrial-degree mill complex.
Love it.
Fucks over everyone, in so many ways.
... A good portion of the families I grew up next to just actually had half of their family as criminals, in prison, usually for consistent DUIs or drug charges and domestic abuae...
... and the other half were prison/jail guards/staff.
Thats what I mean by 'white trash.'
People that unironically described themselves as 'wiggers' back in the 00s.
Wanted to try the Herman Cain Award style post of a Trump faithful realizing their face has been eaten. This Trumpette retired recently, doesn't know much about how the stock market works, but is seeing her retirement funds go up in smoke. Helpfully, a fellow MAGAt advised her just to buy the dip. Not sure what money she's supposed to do that with...
This was a GLORIOUS format! I missed the Herman Cain award mini stories and this was a breath of stank air.
Not gonna lie, I used to binge the Herman Cain Awards like I was huffing paint.
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STOP being Mean to this WOMAN! She CLEARLY was Taken in by Trump's Promises! She thought ONLY TRANS KIDS would be effected! And BROWN PEOPLE! She had No Idea WHITE PEOPLE would ALSO be effected! Cut her some SLACK!
I can acknowledge that she's probably an awful person and deserves to be destitute while simultaneously feeling sympathy for her and not wanting her to make any rash decisions and make her situation worse.
Things are pretty bleak. Not in a "haha trump is gonna look so dumb" kind of way, but a supply chain interruption, famine, rioting and civil unrest kind of way.
There's lots of people to blame but that doesn't make me feel any better.
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~~Dry~~ Don't cry, clown lady. Your retirement savings may be gone, but at least prices will skyrocket.
edit: dry cry? what happened, brain?
Better broke than woke **tm
/s
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