Here's some advice: don't take financial advice from some neckbeard who thinks that a correction in the equity market means that the entire financial system is about to melt down. Stop reading 4chan and Reddit because people on those sites know fuckall about the economy.
If your 401k was predominantly composed of stocks then you should fire your financial planner. The key to investment is to DIVERSIFY.
Also, the 9/11 Truthers in this thread are morons. Que the "ad hominem" whining.
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Originally Posted by iruinedyourday
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news flash: nothing is going to happen at all and that debt you are building by being a dredge on society aint going anywhere, sorry.
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Amen. The kind of people I see spouting this collapse bullshit are the same people who only started paying attention after 2008. Pro-tip: This shit has happened many times in the past and it will continue to happen in the future. Anyone who was paying attention over the past year saw this correction from a mile away. I told my mom to pull as much money out of her high performing stocks back in January but unfortunately she blew off my advice.
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Originally Posted by Ranndom
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News flash, this global economic crisis has set multiple records in US history.
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And what records are those? Where did you get this info from, ZeroHedge? Practically every "global economic crisis" has set "multiple records". Go read a book called "How to Lie with Statistics" and you might realize how stupid you sound when you spout garbage like this.