Thread regarding General Motors layoffs

buy wool

Which gold rush would you be referring to? Gold prices have only reach parity with it's 2011 price, after only a decade. While I do believe gold has room to grow, you've chosen the asset that moves the slowest among all. Tangibles are real assets, yes indeed, but, let's at least call a spade a spade. 2011 gold prices vs 2022 prices while the same, do not reflect the 2011 market prices vs 2022 market prices. Something is broken.

Stocks have grown 400-500% in an upward trend since 2009. Are you of the opinion that up is up, and only up? Does a give back ever register in your mind? Those that track stocks know, that there is always an up, and then a give back, and vice versa. Fear and greed, is what pollute peoples minds, so they can never - ever see the give back stage. Do you have an opinion of the half dozen gaps that exist, leading all the way back to the lows of March 2020? Do you know what a gap is? Do you know how markets move in regards to gaps?

You mentioned crypto. I hope you are kidding, especially with the war that's being waged upon it currently. There was a time and place to make money with it, but it won't be forever. I discovered bitcoin at 10 cents, but I'd be happy to learn something from those that think - they actually know more than I do about that subject.

People would do well to study history. Most people in life, actually hate history. I know I did in school. But later in life, I actually learned to like, and then to love it. History, finance, monetary history, you would do well to learn how it's all intertwined.

History, is about to repeat for this generation. Yes, I said generation, and they will come to know financial wreckage and ruin. You don't have to believe it. You only have to allow time to do, what time does. It is, the great equalizer.

a 10-20% correction after a 10 year gold rush is nothing. no one who has been contributing steadily towards retirement is hurting right now. And if you're retiring in more than 10 years you'll be very well off as long as you just keep steadily investing for retirement. VOO forever. Crypto if you want some risk in your life. It's very easy.

Next leg down is about to begin soon. People will have put their finances where their mouths are. Amateurs will state "continue to invest and to average down".

We will revisit this thread in about 12 months or less, perhaps 4.0, or something new, linking back to this, and then we can discuss how much MORE, the market has lost since this day.

Who could have seen it coming they'll say. Yes, whom.

Old and risk adverse has zero to do with it. Those 18-30 year olds ALSO felt their 401ks drop by 20-40% in mere months.

Instead, why not sit on the sideline, let the stocks decline, and simply by at the bottom?

Diversity is the investment strategy of peasents. Those that zero clue about investing. Those that will ride a market up, and ride a market back down, and over a course of many years, happily hope their up in portfolio value. No rhyme or reason as to how they know or why they are, where they are.

tldr

If you're old and risk averse move funds into bonds if you believe the inevitable recession looms near.

If you still have decades till retirement up your allocation and enjoy those delicious 20-30% gains in the coming years.

Next leg down begins soon. The 401k crowd, and the mutual fund crowd, simply got their azzes handed to them in a nice 20-40% decline recently - within the last few months. Mutual funds track mostly the FANG stocks, Facebook, Netflixs, Google, Tesla, Apple, etc, etc. They were destroyed these past few months, and yes, your portfolio feels it. Don't lie to me, I'm ten steps ahead of you.

We might make a small bounce from here, but there's still much more down to go. We've breached support in the charts, and the MACD has crossed over. Yeah you don't know what the f*ck I just said. It means more pain for your 401k.

Here's a tip.

Corporate governed 401ks, do not allow you to short in a 401k market. This is intentional, and by design. Everyone must always be invested, which means when the market turns, you have few to little options. This is how they sheer people of their 401ks. Self governed 401ks, have the option to bet against the market, through stocks or tangibles you can't purchase through corporate owned assets. MOST people don't have self governed 401ks.

So, as the sheep continue to get sheered, what did I do with my 401k? In November of last year, I moved all assets into short term bonds, interest only investments listed within your 401k. Since you can't short the market, you can, move your money out of the declining assets. To date, despite this decline, I might have made a buck or two, versus those that lost 20-40%. Your portfolio won't lie to you. It just takes, or gives money.

The next leg down is about to begin shortly. Will you stand with fingers in ears, or will you too, be part of those again taken advantage of? Most people will get sheered yet again.

~ Because they couldn't see it 18 months ago. They won't see it coming now. It's only your money, but at the end of the day, time is the great equalizer - and sorter of truth.

Buy the dip, or try to catch a falling kn--e. For decades the market has been conditioned to always buy the dip.

I recall a time in history this occurred, until it didn’t. No one anticipated the great falling kn--e. Took approximately 15 years before prices almost met parity, before they increased and ran further ahead.

So many experts out there. Until your portfolio value proves otherwise. Time tends to be the great equalizer. In twelve months or less, revisit this post and give us your update. I’ll be back, it’ll be titled about the same, linking back to the prior warnings from 12-18 month ago.

You couldn’t see it coming then. What makes you think you can see what’s coming soon?

You keep demonstrating that you have no idea what you're talking about. You're just a dime a dozen online doomsayer.

Even if you were correct about another "great depression" being around the corner, this is MORE reason to continue investing in 401k. Not less.

The only reason anyone would want to take action in your hypothetical is if they were planning to retire in the next 1-3 years. In which case investing in individual stocks isn't the answer, it's moving funds into bonds.

You're a joke.

Still crashing son. I suppose you believe March 2020 was a crash? That wasn't a crash. You really need to understand what a real crash actually is. I guarantee you have no clue.

This is just the stealth stage. How's your 401k doing? Down a nice chunk from peak? Yeah you are. You can lie to us, but you can't lie to your portfolio balance.

Stealth stage is a precursor to the acceleration stage. Before you figure it out, you will be in a decline that moves too quickly to maneuver your investments. That's how it plays out. Fleece the unsuspecting public.

Many people will be the "supposed" experts that ran 300-500% on growth, only to suddenly not know what's happening, and give it all back as they ride the market back down. That's how it always goes with grand fleecings. When the market goes up, everyone's an expert. When it takes a sh*t, then you learn who really are the experts.

Someone has to be the sheep to get sheered, and someone has to do the sheering.

@stei+1fbND8AP

401ks haven't crashed. You are bad at math. Telling people to "learn to read charts" and invest in individual stocks is the d-mbest advice you could possibly post.

I could literally show you the answer, but I'd rather have people find out for themselves. The hard work involves pain, some call it the school of hard knocks.

This site isn't good at allowing images to post. Even if you can't read what I would post, the image itself, states thousands of words. No understanding how to read a chart is necessary - it explains itself.

401ks and investments are about to go poof. I find it beautiful. Karma, if you will. We're all big boys and girls, responsible for our own investments.

Pain will be the new normal for people going forward, and their investments.

They won't think, and didn't think a great depression 2.0 is possible. But in time, they will see. They can lie to us, but they can't lie to their portfolio as it continues to lose value year after year.

Once in a lifetime event. Hope you learn the obstacle you are facing head on.

How about this then.

GM stock is going sub $20. You don't have to believe it now, but know, in time all things are proven correct.

18 months ago, most people didn't think their 401ks would take a **** like I told you it would. Welcome to today.

If you ride markets or 401k's down, then you are the cannon fodder. I pull my profits daily. Each, and every day, for a guaranteed win. You don't know how to do this do you? Thought not. Learn to read a chart. It just might save your financial future.

That's a whole lot of words to say nothing.

Try posting something useful next time.

This post is still up on the front.

So, how goes those 401k heros? Down 10-15% now? Still more to come. GM stock still kicking azz I see, down $67 to $46 in a mere three months. Mutual funds getting slaughtered.

I know how 401ks go, so let me give you a little story from 2001, and 2008.

If a 401k is allowed to grow, it can do great things. But, if it experiences times like 2001, or 2008, at the time you NEED to retire, then suddenly you might find yourself with 50-75% in decline on your investments. Timing is always the b*tch. Have you ever heard someone ready to retire, state they lost 75% of their 401k value before, right before they were to retire? I have, multiple times. Young and d-mb, and also broke at that time, but it mattered to them with their years and decades ahead of me.

2001, the market lost 35-45%.
2008, the market lost 55-65%.
20XX, the market will lose 75-85%.

If you have twenty to thirty years to recover from the decent then great. Otherwise, your effed if you need to retire during that timeline.

Good luck. Karma tends to kick people in the teeth, especially those that know ZERO, about their investments.

Made $3800 today in an investment today, 48 hours in the making. How's your portfolio doing? Have you ever entertained the idea, that you can earn more in a single trade, than you would earn in a single month - if you learn how to chart? Today was only a mere fraction of that income, but respectable none the less.

But, those 401ks people. Ride price up. Ride price down. Most people do. They let others manage their funds.

Eventually, it's whaaaaa happen? The market takes advantage of the ignorant. By design. Like it, hate it, I care not. Your loss is someone else's gain. Perhaps mine, perhaps not.

@5gbe+1fbND8AP

You know how 401ks work, right?

It doesn't matter if it goes down now unless someone is retiring tomorrow.

And if that is the case it isn't even close to toast.

401ks getting toasted.

More down to come. If you didn't see it before, then you won't see it later. But, you will feel it when your 401k is burnt down to a fraction of it once was.

It's a beautiful thing to be correctly.

I probably would have worded it better but I no longer work for General Motors ;)

You sound mentally ill. You couldn't have been more wrong.

You are so right! Tighten your seatbelts… the ride down will be jolty!