Finally some sanity, we can invest our retirement nest-egg 100% in Trumpcoin! WINNING!

to be a booger-eating moron. Uncle Sam will stand by with a grin on his face and watch me while I carefully shoot myself through one foot, and then drill the other one too for good measure. All while humming the national anthem.

The flip side is that I'm also free to become wildly successful, and society won't hammer me down like a nail.

But, the consequences of my actions land squarely in my own lap. Good, bad, or something in between. I own it. And I won't get much help if my stupidity blows up in my face.

If people want to bet their retirement money on crypto and opaque shady investments with valuations that amount to "whatever the cryptowallstreet bro says it is", so be it. I will stick with publicly-traded equities, real estate and bonds. There's a really old-timey rule in investing that's still pretty solid - "you should only invest in what you can understand."

> Some private market funds that are already available to wealthier individual investors have shown signs of strain in recent months. Private credit funds known as business development companies have seen a wave of withdrawals.

... The Great Unloading.

You can't really expect rich people to sell into a market that isn't buying.

No more than 10% of your portfolio should be in high-risk assets. That's a very old rule and still applies.

These sick fucks won't be satisfied until they can do whatever they want with our 401k money. From guaranteed company pensions to 401k plans that are simply fodder for the Wall Street assholes to claim priority over our retirement savings to 401k money being used to prop up the crypto bros in one lifetime's span. Amazing. Our society just keeps finding ways to tell us that our main priority is making sure the rich keep getting richer at the expense of the rest of us.

Of course, the trump crime family has huge investments in crypto and stands to make millions from the suckers. Nothing slimy or sleezy in that!

I don't see why I care about government trying to protect people from themselves with this one? I would never invest in crypto and very likely not private equity funds as part of a retirement plan. But that doesn't mean other people wouldn't want to. If you've got enough money already saved up in retirement funds and you believe you've found a window where it makes sense to risk, say, 20% of what you've got on something like crypto? It might double that money for you practically overnight. It also might jus

It does seem that this is primarily intended to be a gift to the crypto-barons, to pump up the value of their crypto assets.

Of bad stock into your 401k. The YouTuber Patrick Boyle has a detailed video on the subject.

Basically SpaceX is going to be valued at 1.5 trillion. However it is impossible for it to reach that valuation in the real world.

SpaceX already has all the launch customers that can possibly get even under the best case scenario. And in unfavorable administration would almost certainly start looking for alternatives because Elon meddled in a war.

So the only possible growth sector for SpaceX is launching its own satellites, specifically the ones for internet.

But that's a dead end too because there aren't enough customers who can afford high-speed internet and also do not have access to some form of landline based internet like cable or DSL

the only other growth sector would be AI bullshit but Elon has lost most of his engineers to other companies. SpaceX got this huge boost because Elon had a mystique and he was talking about going to Mars so a shitload of rocket engineers took lower pay than they could get in any other job and work longer hours to work for spacex. That isn't happening with elon's AI companies. So he can't compete and the stuff he's building is barely better than what you could build yourself and run off your own GPU.

Everybody knows this, at least everybody who is investing that kind of money, so in order to get the kind of money he wants he's doing a weird stock scheme that limits access to the stock in order to drive up the price. Basically a few insiders will get all the profit and it's going to leave a huge amount of worthless stock that needs to be sent somewhere.

Normally it would be dumped into public pensions but those have been maxed out with bad stock already. So we are 401K is going to get hammered.

This is just the largest of many scams that are going to loot your retirement and there's basically nothing you can do about it except vote for pro-consumer politicians who want to regulate Wall Street but that's going to be annoying people like Elizabeth Warren and AOC and Bernie Sanders and frankly people don't like them... And in politics likeability is basically everything now.

What I'm saying is that if you are retiring or even if you're just retired you're a fucked. You have money and somebody wants it and they're going to get it

We last learned a lesson about playing fun games with unique investments in 2008 with mortgage-backed securities and credit derivatives. This time will of course be different...

And they're tapping grandma this time. Pony up, you old bat.

When was the last time wall street had mass layoffs?

How come every idea they come up with makes them tons of money and their investors take the hit?

All of those ideas 10 years later are looked at and decided that is not ethical so maybe we should make a law saying you can't do it.

Then the SEC says you can't make laws.

and around and around we go.

Pretty much just do a three fund portfolio of low cost index funds is what most people should do. Simple and cheap and I wished people had told me about.