So, like many boomers, I have a 401k that represents basically my entire retirement fund. Unlike many boomers, I am under the age of 50.
I'm sure there's plenty of other millennials, and possibly even younger generations, who have simple, relatively hands-off accounts from jobs where you just diverted a percentage of your paycheck. It's not flashy or trendy, and it's kinda old-school - like the employers we got them from.
With the market being about as stable as a cement mixer full of nitroglycerin, what are we to do?
I've thrown some pocket change into the Meme War on Wall Street, but if this triggers a collapse, there goes my 'retirement' (as though that could ever happen given current trends). What should I and people like me be looking out for?
I'm getting the distinct sense that I'm at a fork in the road that is my career that I will either need to publicly embrace "woke" or not be able to work for Woke Capital anymore. And that's if my refusal to embrace WuFlu restrictions don't end it first. 40 is probably optimistic; I'd say making it to 2022 is a 50/50 proposition.
I go back and forth between wishing I had gone into IT like most of my friends so I could make bank working from home, and being glad I work for a small company where my boss's dad teaches her son to reload ammo for fun and profit and I get to make jokes about Covid in front of whoever I want.
I wonder the same thing sometimes, but from the other side. The town I grew up in was one of those small towns that people tended to not leave.
I left the town I grew up in 15 years ago, and I regard the one I'm in now as a pit stop. A long pit stop, to be sure, but we're looking ahead as far as we can see now.
Next step is a house. Gotta fight to get the credit where we need it, and then somehow manage a job and house at the same time in a place we want to be and then execute.
I'm mildly terrified.
The town I grew up in isn't the town I grew up in anymore: thanks globalism and illegal immigration.
Houses are terrifying. I bought my first one when I was way too young, and it flipped the "adult" switch in my brain where I could no longer do the whole "stay up until 6am and sleep until 2pm" thing I did in college. Good luck.