>

Are we going back to crypto?
And here I am finally with a job with a matching 401k, with benefits starting in mid 2020.  I keep pumping money into it and it stays stagnant. >

Yeah my 401k isn’t that big but I figure fuck it I’ll never retire anyway lol >

You guys have 401ks? >

I have like 401 dollars. >

Look at Mr. Moneybags over here. >

Well look who can afford bags! >

Well look who can afford to look! >

...and if you started a 401k in 2008 and have it today, you made a shit ton of money. >

With the Republicans set to control the House it's worth mentioning that a favorite tactic of theirs is to threaten to defund the government if they don't get their way. Dems should let them. >

Keep in mind that these companies have had record profits this year. 
The stock market is based on feelings and gambling. It has no relation to anything real.
It's only purpose is to keep the wealthy on top amd workers at the bottom. >

Is it too late get into FTX?  I saw they had a lot of ads during the Super Bowl.... >

Bro just send your money my way. I can totally help you out >

The Markets no longer reflect the state of the economy and are still overdue for the Big Correction. >

That dosent sound good >

True all the same unfortunately >

Next year I’m keeping myself from buying things till the economy gets better >

Good choice. Now and next year will also be great times to buy certain assets. Even these silly reddit avatars are going crazy in price. >

How long until the economy recovers do you think >

Don’t listen to all the hype. No one knows what will happen in the markets, no one ever has. The economy is still doing pretty well overall >

Is now a good time to invest? With all the pessimism going around it sounds like the economy  won't recover anytime soon. >

If you're young, it's always a great time to start adding to some ETFs or mutual funds. Build a simple, diversified portfolio and set up regular deposits. 
You'll be golden. >

Time in the market > timing the market >

It gets better right? Cause these last 36 years haven’t been fun >

The s&p is up 4000% over the past 36 years >

So it’s been fun for someone >

Basically anyone who followed the standard investing advice yes >

Pretty much, the general rule of investing that even if you pick stocks by throwing at a dartboard you’ll still end up doing decent. Because in all likelihood come 5-10 years from know you’ll have made more than whatever interest you got from a savings account. >

The stock market’s value is fickle and does not represent the real economy, just billionaire, hedge fund & others exuberance or pessimism. “Confidence”. It’s mostly BS. The only real thing is profit and loss. The rest is perception. Why do we live and die by these idiots who trade by algorithm? >

In the short term it’s a voting machine, in the long term it’s a weighing machine. >

How can it be worse than 2020 ? >

Companies made bank on all the online shopping remote workers were doing.  But they counted on that same sort of buying to continue into 2022, and overshot by a lot.
I think people realized that Christmas shopping could be done any time, and waited out the retailers to get the best possible deals.  If they splurged on big ticket items at all.  I know I stuck to books and warm sweaters as gifts, and that's what I got too. >

Up, down, it makes no difference, the masses will feel the brunt. >

Last time I was like "oh dear" but now I'm like "yay!" Fuck capitalism. >

Here’s a song on the world’s tiniest violin. >

Oh no!  What could this mean?  That we are at the cusp of another major correction due to malfeasance and white collar crime.  At least we know from the last time that they are gonna pick one guy to take the fall for the whole financial sectors crimes. >

Bright side the next year of ira contributions is about to start >

This is good for me right? I'm only 18 and I recently started a retirement account and bought stocks >

Over long term of decades, yes. The saying is "time in the market beats timing the market" and outside of people like Warren Buffett that's exceedingly true. 
That said it's still fun to have a individual plan imhp because its more fun than legalized gambling imho. But with that it's cash I'm really ready to see burned to zero. >

I wanted to quit my job when I hit a 401k milestone. 2 years later and still haven’t hit. 😂 buy the fucken dip. >

Pokémon cards and retro Nintendo games. No algorithm can influence those >

As long as a bunch of billionaires got a little less rich, that's fine with me.