Only logged in members can reply and interact with the post.
Join SimilarWorlds for FREE »

So the wealthiest billionaires got about 20% richer in 2017, about $1Trillion. How much do you think is going to trickle down to you?

This page is a permanent link to the reply below and its nested replies. See all post replies »
JoyfulSilence · 46-50, M
They say the stock market will rise. So my 401K will rise.
Do you really believe that? Will it rise proportionally to what the super rich are getting percentage wise? @JoyfulSilence
JoyfulSilence · 46-50, M
A rise is a rise.

The downside is the deficit will rise, which is not good for my particular line of work. So maybe things will offset.
ladycae · 100+, F
@JoyfulSilence what happens when the stock bubble bursts?
JoyfulSilence · 46-50, M
My horizon is long. I cannot cash it out until I am 59.5, otherwise I incur a 10% penalty. I am in for the long haul. I do not worry about fluctuations, since the trend is always up over time. It would suck if it tanked right before retirement, though. Yet I can transfer my money from stocks to Treasury Securities in 24 hours if needed.