r/LengfOrGirf • u/mahrombubbd • 2d ago
guys, i'm worried about these tarriffs man
maybe this wasn't the best idea?
i don't know if trump actually has a legitimate plan for this or if he truly doesn't give an eff if the stock market crashes to dog sht
401ks are literally getting destroyed all the way to the ground right now
obviously i'm gonna keep investing, but god damn, at some point things just look bad. trump isn't a god or jesus, he's just a regular dude at the end of the day, and if markets get fucked then.. they get fucked and we're left dealing with the consequences lol..
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u/Total_Background_755 2d ago
Trump has gone senile honestly. It also doesn’t help that everyone he’s appointed in his administration are yes men
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u/Ok_Corgi_2618 2d ago edited 1d ago
Trump is playing a stupid game. The US is more fragile than he thinks it is. We just started recovering from the pandemic and Ukraine and are still dealing with high inflation and housing costs. Wages continue to stagnate. We import a shitload from other countries.
Plainly speaking the US can’t afford to have a pissing contest with the entire world. It was risky enough when it was China. But levying tariffs on literally every country including Mexico and Canada is fucking retarded.
The only thing that he’s guaranteeing with these mass tariffs is that the Republicans will lose in 2028.
And that people’s savings and retirements go down the drain.
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u/Less-Airline6128 1d ago
Instead of mass deportations we got mass tariffs. It’s absolutely ridiculous how ICE has shifted focus to enforcing antisemetic laws, and deporting college students on a visa who are critical of Israel, rather than apprehending the illegal immigrants who commit crimes.
If that doesn’t prove who runs our country, you can say whatever you want about America and white people, but if you’re critical of Isreal and the Jews, your ass gets deported.
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u/Newrichcity 1d ago
What is the USA suppose to do then if we are 9 trillion dollars in deb, our manufacturing industry is a thing of the past and the world already tariffs the fuck out of us. The USA will not be able to survive long term wise if we continue the same path we have been going.
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u/Environmental_Day558 2d ago
It's kinda like letting the guy who had 4 businesses go bankrupt run the country like a business was not a good idea. But whatever, protecting the middle school girl soccer team is more important 😂
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u/Rocketstar_hero 1d ago
You only lose money if you pull out
Just buy low. When the high comes you’ll be able to sell more
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u/AdvocateReason 1d ago
he's just a regular dude
He's a pathological narcissist with the power of the Presidency. He's dangerous. I'd trust a regular dude over this guy any day.
Sortition btw is an interesting electoral method if you trust "regular dudes" over politicians.
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u/gstateballer925 Red Pilled Marx 1d ago
Trump uses tariffs to bully other countries around, without realizing that those countries (and their leaders) aren’t as scared of him as he thought.
That’s what happens when you’re in a bubble and everyone tells you how great you are. Nobody holds you accountable or says you’re doing shit wrong.
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u/mahrombubbd 1d ago
damn bro
what do you think will happen by the end of this?
you think the stock market is going to collapse completely cause of these tariffs?
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u/YasuoSwag 🇺🇸 TRUMP FOREVER 🇺🇸 1d ago
Guys who simp for only fan girls are L's.
Guys who simps for Trump are bigger L's
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u/jafropuff 2d ago
Relax bro. It’s all political negotiations. Stocks always come back up no matter what. As long as you have a secure job and decent income then you good to ride this out.
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u/papertowelfreethrow 1d ago
not sure what people dont get about this. There has to be an economic downturn in the Short Term in order to get long term success. The economy doesnt magically get fixed overnight
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u/jafropuff 1d ago
Exactly these people downvoting me are retards that know nothing about the stock market or politics. This downturn was inevitable and expected.
Anyone with a 401k invested in large cap or target date index funds will easily come out on top in 4 years if they do nothing but continue investing as they normally would. Mark my words.
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u/mahrombubbd 15h ago
Anyone with a 401k invested in large cap or target date index funds will easily come out on top in 4 years if they do nothing but continue investing as they normally would
that statement is not actually guaranteed
the economy could stall for the next 4 years, that isn't likely, but it's not ruled out either
regardless i'm still investing in the s&p500 every paycheck because i need something to put my money into
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u/Swarmofflys 1d ago
i thought we wouldnt have to ride anything out because he was just going to fix everything...
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u/tremendozombo 2d ago
Crashes like these are where generational wealth is made bro. Keep cool and follow your plan. Don’t invest in stupid shit.
Side note: this event shows why diversification is important. Precious metals are booming. Real estate is likely going to hold up better than stocks for a few years
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u/Inside-Ad-8055 1d ago
Wat are the top 5 things u would recommend investing in during this time?
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u/tremendozombo 1d ago
I’m no financial advisor so take what I’d say with a grain of salt.
1- SPY or VOO 2-SCHD 3- REITs (I like O because monthly dividends but you’d probably be better off with a REIT etf like VNQ) 4- Bitcoin/Etherium 5- Silver ( I like silver eagles but really any silver would work)
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u/leveled-iceberg99 2d ago
Look, man. Everyone taught things were going to be like his first term. I guess not, since the conditions are much worse this time around.
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u/XHLR-reloaded 2d ago
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u/Environmental_Day558 2d ago edited 2d ago
Lol nothing but cope. Trump's own net worth dropped 2.4 billion since January. He has most of his money tied in stocks which is why he is pushing Tesla so hard. Why you think he go from cutting the EV tax credits to promoting that one brand of EVs? Rich men like Musk line his pockets, he's not purposefully tanking the economy to move money from them to the poor on some Robin hood shit when he doesn't even give af about the poor to begin with.
Also the price of eggs have dropped below the highest peak of Bidens administration, but they aren't lower than the average price throughout his tenure.
Trump supporters can do all the mental gymnastics they want, there is no method to his madness. Yall just don't wanna admit he has no clue what he's doing and just throwing shit at a wall to see what sticks 😂
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u/Ok_Corgi_2618 2d ago
None of this is probable. In fact, everything in that post is highly dangerous. If this is in fact Donald Trump’s plan, I’m fucking terrified.
Crashing the stock market by 20% will demolish jobs, decrease investor confidence and diminish investment, and demolish savings and 401ks.
The US debt is also not one big mortgage. It’s a variety of debt including bills, notes, and bonds with different maturity dates. Refinancing all or even a majority of it at one time is not feasible. Additionally, the fed would have to decide if a refinance happens. Not the President.
The tariffs are also going to hurt farmers not help them. China is a huge buyer of major US cash crops including soybeans and dairy. If they retaliate with their own tariffs, farmers will lose a shitload of money because US demand won’t absorb the production that China isn’t buying. They’ll likely have to be bailed out again at great cost to the taxpayer.
Trump’s tanking of the stock market is not giving money to the poor at all. Poor and middle class people are less able to absorb losses from the stock market and will be wiped out. It’s the rich that’ll be able to absorb the shock and buy up even more stock because of falling prices.
Lastly markets hate unpredictability. Trump’s constant levying and removing of tariffs create a ton of uncertainty that causes investors and businesses to balk at investing. Businesses like to plan for the long term and fluctuating business costs caused by intermittent tariffs is going to cause investment and job creation to fall off a cliff. Why would you build a factory if the price of your components are constantly shifting because orange man passes tariffs one day and removes them the next? You won’t. You’ll just keep your money and hope that Trump gets voted out in 3 years.
I could go on and on. But I don’t want to write a dissertation. Suffice it to say that I think that our current President is a retard who has little knowledge of history or economics. He’s making shid up as he goes along and everyone is suffering because of it.
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