Biden is responsible for my loss of money because I chose to invest in a stock that was clearly a money grab.
—Republicans
this post was submitted on 13 Apr 2024
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In a not-really-defense of their BS, by investing in DJT they've set up their net worth to get absolutely ruined during Biden's 2nd term.
It would be ruined in Trump’s second term too. No one with real money bought that lie. He’s just making the middle class poor.
I'm trying to assume no 2nd Trump term for my mental health. Also I am, on the admitted basis of no special knowledge, worried that DJT stock is just a way for foreign money to get laundered and thus not subject to normal economics if he is reelected.
You and me both. I can’t do it again. 😩
He used the IPO to get some quick cash to pay the appeal bond on his NY lawsuit.
Except they're wasn't an IPO. They used a well-known shitty loophole to get by that.
Every SPAC is a scam. I learned my lesson well before this trash, which is obviously a pump-and-dump scam even independently of involving a SPAC. I would rather burn my money than give it to Donald anyway.
Did he get quick cash? I read he's not allowed to liquidate any of his shares until 6 months have passed, which at this rate is not looking good for him
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“Just sat down with my broker yesterday and am having him move $10,000 of my Roth IRA, that we had sitting idle for kind of like an extra ‘emergency fund’, into $DJT stocks!” one user declared excitedly. “This is the only time I would hope for the price to drop so I can get as many shares as possible!”
This is why we still need Social Security instead of just self directed retirement savings. Roth IRA savings are NOT where you source funds for buying meme stocks. With their mindset this person is going to end up penniless going into retirement, but luckily they'll have some money from Social Security. They will only have that Social Security money because there was no way for them to touch it.
Unless trump gets elected and actually does torch social security. It would cause untold suffering, but also a fair amount of schadenfreude.
I mean, Roth is just a post tax savings account. It's not really meant for relying upon in retirement. It's usually used to save for things like cars or a down payment for a house. Dumping it into stocks seems like a bad idea imo but you can withdraw at any time without penalty so you can spend it on whatever you want.
The nice thing about Roth is that the interest earned can be withdrawn at retirement age but it's usually very little compared to a traditional IRA or 401k.
You're trolling me right? Your post is sarcasm?
I mean, Roth is just a post tax savings account. It’s not really meant for relying upon in retirement.
Of course its a retirement account. The word "retirement" is in the name of the account: Roth IRA (Individual Retirement Account).
It’s usually used to save for things like cars or a down payment for a house.
You can withdraw contributions to a Roth IRA, yes, and a house down payment isn't a bad use for it, but that's it really. A house is an appreciating asset. It will likely go up in value over time. You shouldn't be buying cars or anything else with your Roth IRA funds. A car is a depreciating asset. It will only go down in value over time.
Dumping it into stocks seems like a bad idea imo but you can withdraw at any time without penalty so you can spend it on whatever you want.
You can and should invest the funds inside your Roth IRA in stable securities. Boring stuff like "Total Market funds" that has a regular appreciable return. This isn't where you invest in Gamestop, AMC, or any other volatile stocks.
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You'd think after a guy who has filed for bankruptcy at least six times, bankrupted a casino during the casino boom, never pays what he owes, people would have enough sense to NOT invest with that grifter.
His followers are exactly the sort of people that I would expect to fall for this.
LOL, get fucked, bagholders.
“Just sat down with my broker yesterday and am having him move $10,000 of my Roth IRA, that we had sitting idle for kind of like an extra ‘emergency fund’, into $DJT stocks!”
Three dumb things right here: having that much cash sitting idle in a Roth, paying a broker to purchase stock that you can do on your own for basically free, and putting that much money into such a terrible stock. This person is all kinds of moronic.
Also YOLOing your emergency fund on something even dumber than a meme stock
I just lost like 50 braincells reading that sentence.
...a fool and their money are soon parted.
Ways to increase Truth Social value
-
Say Hunter Biden's information is hidden there.
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Sell nuclear secrets through Truth Social.
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Melania or Ivanka nudez.
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Share more Jeffrey Weinstein photos. Trump already has em.
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The Marjorie Taylor Greene vs Lauren boebert fight
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Have Putin show up to rally the GOP
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Matt Gaetz shares his pedo photos
The Marjorie Taylor Greene vs Lauren Boebert fight
I'm thinking a steel cage match.
No one likes the stock.
I didn't even know I was sick!
Stay alive! We need you!
Short sellers are all over this. At least reddit has some intrinsic value at $10/share, but truth social is a dog worth 1/5 that.
Isn't this just a fancy way for Trump to get some liquid assets?
If so, of course they want you to keep the faith! More investment means Trump can pay his legal bills, liquidate, and let Musk get him back on Twitter.
No, it’s a chance for you to get in on Trump’s empire! Just like those NFTs!!