Inflation here? gas/grocery prices just continue to climb

efil4stnias said

"wealth" was parenthetical for a reason. There are many folks out there who arent sitting on $1,000,000 in retirement funds, yet are reliant on them.

Pretty crass comment for many who, like my mom, didnt have ANY opportunity to start an IRA until her 50s and managed to build a small nest egg.

Those folks are getting hit hard and may be on the cusp of retirement or just recently retired.

That was who that was about. This aint about OBAMA or TRUMP or none of that. This is simply about the current market conditions as it relates to inflationary pressures.

No one is whining and no one give a $#$% about the last 13 years. My comment was it has to be a shock for them.

sheesh.

Click to expand...

You didn't get my point then.

If your "wealth" is such that what you've lost in the past 6 months is real to you then you haven't been in the market for any length of time and your perspective is skewed no matter what your personal situation.

The market has been jacked up crazy for years. People think they're going to be making 10% every month and can't lose, but you can and you don't.

The market goes up and down sometimes. It's been so up for so long that if you put 1m in a year ago and that's your retirement plan you've done it all wrong and you're screwed. If you put in 100k 15 years ago after the 08 crash then you've made so much freaking money that complaining about what you've "Lost" in the past 6 months is absurd.

I paid 1,87 for Ford back in 09. Other stocks were silly low and have gone nuts. You can't complain about "losing" money in 6 months when you've been up for 15 years.