Wouldn’t it be easier to disrupt the system by—I don’t know—something old & boring like ask everyone to clean out/close their bank accounts at the same time to cause a run on banks?
Where do people come up with these weaker ideas?
Trump’s inane actions might disrupt the economy more than these efforts.
It was. Is there a good reason why I should be confident that the money will still be there IF I get to retire? Should I expect even to live that long? I feel it’s better invested in a house and land out near the middle of nowhere.
Tax-free growth, beating inflation, diversification to mitigate risk & lessen volatility (eg, not putting eggs all in 1 basket).
Markets always have risk: if you’re really afraid of risk, you can shift to mostly low-risk types of investments (bonds, money market, cash equivalents, etc).
Real estate is typically considered riskier.
Retirement isn’t necessary: qualified distributions (no tax penalty) only require reaching a certain age or any of the many exceptions (including terminal illness).
Early distribution with tax penalty is always possible.
It’s all basic information a certified financial planner or advisor or some articles on the internet can tell you.
Yeah, having like <5% of people put off buying stuff for a week isn’t going to do that.
Unfortunately at this point only something fairly world-changing is going to really do much. And it’s definitely going to get much worse before it gets better. Prepare for it.
Wouldn’t it be easier to disrupt the system by—I don’t know—something old & boring like ask everyone to clean out/close their bank accounts at the same time to cause a run on banks?
Where do people come up with these weaker ideas? Trump’s inane actions might disrupt the economy more than these efforts.
I already pulled my retirement.
Was it not in a 401k or something?
It was. Is there a good reason why I should be confident that the money will still be there IF I get to retire? Should I expect even to live that long? I feel it’s better invested in a house and land out near the middle of nowhere.
Tax-free growth, beating inflation, diversification to mitigate risk & lessen volatility (eg, not putting eggs all in 1 basket). Markets always have risk: if you’re really afraid of risk, you can shift to mostly low-risk types of investments (bonds, money market, cash equivalents, etc). Real estate is typically considered riskier.
Retirement isn’t necessary: qualified distributions (no tax penalty) only require reaching a certain age or any of the many exceptions (including terminal illness). Early distribution with tax penalty is always possible.
It’s all basic information a certified financial planner or advisor or some articles on the internet can tell you.
And why should I be confident that any of that is going to survive the next 4 years?
I want mega corps to fail, not spark a great depression.
Yeah, having like <5% of people put off buying stuff for a week isn’t going to do that.
Unfortunately at this point only something fairly world-changing is going to really do much. And it’s definitely going to get much worse before it gets better. Prepare for it.
You can’t have change without sacrifice.
Accelerationism is not the best way forward.
What’s the best way forward then?