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Karma13612

(4,747 posts)

30. I took my 401K from a targeted stocks retirement fund

Fri Apr 4, 2025, 05:59 PM

Friday

And placed it in a money market fund which includes US Treasury bonds.

I did this on November 15 2024 after Trump won the election.

I’ve been retired for 6 years.

At 71 years old, I could not weather another down turn like the one I faced in 2000 and again in 2008. I looked at the graph a few posts above mine and can spot where those two horrendous events happened. Just when I started to see light at the end of the tunnel, Trump got elected. I knew he was capable of destruction, but this is beyond what I had anticipated.

I am so glad I made the move. Each month, I get a small dividend and my principal is intact. It is now higher than what it was in November before the election. I hear people telling me I won’t keep up with inflation. Meh. I’m good. If I had listened to them, I would be down a sickening amount.

My conservative, Trump-trusting financial advisor was skeptical about my decision but it was best for me.
I would be suicidal right now if I had stayed in.

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Highlight:

U.S. stocks poised for biggest two-day wipeout in history as market loses $9.6 trillion since Inauguration Day [View all] UpInArms Friday OP

And the cause of all this mayhem? Ziggysmom Friday #1

Nasdaq is in bear market territory as of today, Russell 2000 as of yesterday . . . .nt Bernardo de La Paz Friday #2

The DOW was down at one time today around 1,925 or so. It's bounced back up to 1,700 right now Bengus81 Friday #8

Well, they are all in the red now Farmer-Rick Friday #17

Dow still tanking. I'd wait till Monday and see what happens, Bengus81 Friday #18

bear market - can last for years UpInArms Friday #26

I don't even want to look at my investments and retirement funds because it would really depress me ! kimbutgar Friday #3

Don't. It's not pretty. AllyCat Friday #20

Trump insiders are likely trading based on insider information about his nonsensical policies IronLionZion Friday #4

Yep...people with loads of money can make a fortune in this kind of market Bengus81 Friday #6

Exactly. The headlines scream about how much money taxi Friday #9

And....why would anything change on Monday to make the Markets rise? It won't unless Bengus81 Friday #5

No market goes monotonically downwards to its bottom Bernardo de La Paz Friday #12

Perhaps on Monday a break...but this is a global shit storm Trump has unleashed that Bengus81 Friday #19

He'll do about as much to stop it as he did to stop CoVID.... Trueblue Texan Friday #22

If it weren't for the fact that so many people have 401ks tied to the market... malthaussen Friday #7

True..but as we've told MAGA morons over and over what Trump does to Dems will hurt you too Bengus81 Friday #15

DOW 35k is a black magic number. It starts to dip below that its giving back its post pandemic recovery n/t Cheezoholic Friday #10

DOW just hit -2,000+ on the day. Way to go Trump........ Bengus81 Friday #14

...and just like that... LudwigPastorius Friday #11

Glad I only have about 20% of retirement in equities exboyfil Friday #13

Thanks, republican voters Mysterian Friday #16

The choice of music is perfect. TNNurse Friday #21

Snort. littlemissmartypants Friday #24

And futures after the close are all down more than 5%. Scrivener7 Friday #23

I think that is in 24 hours or compared to Thurs close. I think that is just a percent or so from Friday's close. . .nt Bernardo de La Paz Friday #29

Stock market closes week in bloodbath as Trump's tariffs cause historic two-day drop and wipe out $6 trillion Yo_Mama_Been_Loggin Friday #25

Nasdaq falling into a bear market, on trade war worries. usregimechange Friday #27

Only the best republican people. republianmushroom Friday #28

I took my 401K from a targeted stocks retirement fund Karma13612 Friday #30

Each of the 340 million Americans lost $28,824 Jarqui Friday #31

Quite an achievement! Jack Valentino Saturday #32