Wanted to try the Herman Cain Award style post of a Trump faithful realizing their face has been eaten. This Trumpette retired recently, doesn't know much about how the stock market works, but is seeing her retirement funds go up in smoke. Helpfully, a fellow MAGAt advised her just to buy the dip. Not sure what money she's supposed to do that with...
So uh... I had to look up the term 'CJ Degree.'
... Criminal Justice.
As in... learn 'industry practices' to be qualified as a corrections officer (jail/prison guard), private detective, cop, paralegal, etc.
The first thing that came up was a particular college's course overview and goals checklist... one of the goals was ...
Attend a financial literacy workshop.
So not only is this person a moron, not only is this person in all likelihood a prison guard, not only did they go to college to become a prison guard, they shouldn't have even graduated with their degree.
As a person from a white trash neighborhood, who got real degrees, first in the family to go to college... I have not gotten white trash vibes this strong in quite a long time.
Unfortunately there’s a lot of criminal justice jobs that only require a two year technical degree. Depending on location and school it’s likely that it was “check the boxes” kind of program for a field that is understaffed.
Ah, the prison-industrial-degree mill complex.
Love it.
Fucks over everyone, in so many ways.
... A good portion of the families I grew up next to just actually had half of their family as criminals, in prison, usually for consistent DUIs or drug charges and domestic abuae...
... and the other half were prison/jail guards/staff.
Thats what I mean by 'white trash.'
People that unironically described themselves as 'wiggers' back in the 00s.
Maybe I'm on my stem high horse here, but why does a college degree not specifically about business require a financial literacy workshop? Like if its a gen ed that's fine, though its really a high school level class.
Specifically in regards to criminal justice?
A broke, in debt, PI or cop or guard is more likely to be susceptible to bribes, corruption, graft.
These are all theoretically supposed to be public servants, right? Probably a good idea to do the bare minimum to make them less easily corrupted.
In general?
Financial literacy, you know like... how to do a budget for your home, home a mortgage or credit card works, low interest rates on debt work, reasonable total monthly expenses per category, rules of thumb for how much you should put aside in savings... how credit scores work...
All of that except credit scores used to be fairly commonly taught in just public schools, not too many decades ago. Credit scores weren't covered because they were fairly new back in the 80s.
Now, its not. Hasn't been for a while.
So, you can't anymore assume this was ever covered by high school or your general requirements for any particular degree, thus must specifically require it.
I got a STEM degree that didn't require any financial classes. I learned all that on my own once I started making adult money at nearly 30. I see (quite a lot of) others in my same boat who didn't bother and are making six figures while living paycheck to paycheck still. The last round of layoffs were quite a shock to these people.
I'll give big credit to my parents who also never saved a dollar and gave me the fire inside to never allow myself to wind up in the same position after seeing the disastrous results of said decisions.
Edit: funny that a CJ degree is mentioned as my aunt and her (trash of a human being) prison guard husband took out a $500k loan to remodel their $250k house. They got divorced last year and still can't sell that house. He lives in Florida now and she moved into a trailer park.
thanks for the info I’m uneducated, seriously uneducated
Huh.
He is self-aware at least, I'll give 'em that.
Just put your money into stocks! Buying 10 shares of Apple right now would cost $2,000 but once it bounces back to the price it was at before the dip you'd have $2,500! That's a profit of $500 in just a few years!
That's actually a pretty good return, but only helps people with cash lying around, which generally are already rich fucks.
It also assumes this is the bottom. That $2000 could become $1000 and it may take years and years and years to get to $2500 instead.
There is no indication this is the bottom.
That's actually a pretty good return, but only helps people with cash lying around.
Exactly. A 25% return is amazing, but turning $1 into $1.25 isn't really that impressive. Turning $1,000,000 into $1,250,000 is. The two returns are the same but one made 25 cents and the other made 3x the yearly median income of a US citizen. "Buying the dip" only makes a difference if you're already filthy rich.
Exactly. All the morons planning on buying the 'dip' before EU nations even announce their response to these tariffs are about to hurt themselves in confusion
it is not the bottom yet.
🤣 those last few are priceless. I hope she liquidates all her shit and buys up. Us pleebs haven't even begun to feel the pressures this likely recession is going to bring on. The market has only just started to react.., is what I would say if my tin foil hat hadn't just fallen upon my dome... These fuckers are purposely crashing the market temporarily to get rich quick... I hate all of it... These grifters are the worst.
Yeah I like how she's retired and her fellow Trumpers are telling her to buy the dip. Guess she should sell her house so she can buy more stocks? I'm sure that'll work out.
Wait a minute. Are you telling me that you don't have a couple million in liquid assets that you can use to buy stocks right now?
'seriously uneducated'.....
has degree in criminal justice.
was it the only program they could get accepted into?
DryDon't cry, clown lady. Your retirement savings may be gone, but at least prices will skyrocket.edit: dry cry? what happened, brain?
Better broke than woke **tm
/s
Pure karma lol.
Maybe she need to stop her dumb whining woke and socialist (pension) crap. We live in capitalism, it is just business. You have been unburden by pension.
I think they are being programmed to blow all their money on the market they know fuck all about. My mom is a dumb ass always going on about thinking she knows anything about investing and always saying stuff that’s just vastly wrong and watches all that magat bullshit all the time
Should have been biting your tongue when you chose to vote for Trump. Play stupid games, win stupid prizes.
Most of boomers will have their 401k (unknowingly) invested into the stock market by their employers.
If they didn't have the independance of mind to recognize shit was going down because of the prez, then it could take their retirement years to recover.
Most of boomers will have their 401k (unknowingly) invested into the stock market by their employers
That's not what a 401(k) is. A 401(k) is just a regular investment account that has special rules around taxes because it's meant to be cashed out when you retire. Everything in a 401(k) is in the stock market (though it can include bonds, mutual funds, etc. too), and none of it is managed by the employer. The employer just makes contributions that the employee decides how to manage.
It's entirely possible that people don't understand their 401(k)s, and that the employer went with a full service broker that manages the 401(k)s on behalf of the employees. But, it's not possible for the employer to invest 401(k)s into the stock market because the employer simply makes cash contributions and then it's hands off.
Pensions are different. Pensions are things where the company agrees to pay the employee a certain amount when they retire. In that case the employer is definitely investing in the stock market -- although, in this case, they almost certainly hire a company to manage it for them.
That's not entirely true. Your employer chooses the financial investment platform and a few select equities that you can invest in. I get like 12 options, including a money market and a few ETFs. I'm also subject to very high maintenance fees.
So, YMMV. Larger firms will often have better investing options for their employees.
i see, thanks for the correction.
That's what a 401(k) is though. If it's unknowing then they just know it's a savings account. Being mad you weren't told that fact is like being mad you weren't told your health insurance involved giving some of your paycheck to a third party who will only give some back if you get sick.
Pensions I agree with you there, pensions are a black box where you put money in, they decide how to manage it, and money comes back out when you're old
Until the ultra rich buy everything up at bargain basement prices.
the whole right wing outrage over mayor wu giving condolences to the family of the attacker is wild when you realize that she was doing that because first responders killed him without any other casualties or injuries to victims.
There's so much wrong with this. I'm sure that whomever this is will be in for a rough go over the next few years.
May she sell at the bottom and buy back after the recovery.
So I've been waiting quite some time to time the market and said fuck it one week ago. Put in 6k euros in etf. Then shit like this happens lmao. European stock is affected less than NA ones but still.
Lost almost my week's income on this stuff. But now's the time to pump it. Gonna put 2k euros in it every few days until it's at 30k euros original value.
We're all such emotional creatures, so... Gimme those stocks 😎 gimme gimme gimme
Now is not the time to buy...... Dont try and catch a falling knife. Let it hit the floor before you decide to pick it up. Tariffs will take weeks until they really start curbing consumer spending, we have a long ways to go.
It's not going to just stay on the floor nicely like a good little doggy. Once it reaches it, it will shoot up sharply.
I'm just going to take the average of the crash. Put in 2000 euros every few days across 2 months and then ride it out.
It's still the same property and I'm going to keep it for 20 years. It's money I don't need.
🦁🍴👩
Wrong cat emoji, but still...
Absolute Cinema! 😁
