Those stocks are meaningless to most people for multiple decades tho, and within a decade will bounce back just like they did last time.
Unless there’s a sustained loss or they don’t have much time till they need to start withdrawals (in which case they should have most money in bonds, not stocks according to my retirement dude), these are just bumps in the road to normal people. It’s only the wealthy whose numbers are directly related to the stock market who really cares. But they control the media, so the sky falls every time stocks have an issue.
Actually, I know very few people who do not have stocks through IRAs or 401Ks.
But probably nobody who has enough to quit their job right now, much less live it up.
Those stocks are meaningless to most people for multiple decades tho, and within a decade will bounce back just like they did last time.
Unless there’s a sustained loss or they don’t have much time till they need to start withdrawals (in which case they should have most money in bonds, not stocks according to my retirement dude), these are just bumps in the road to normal people. It’s only the wealthy whose numbers are directly related to the stock market who really cares. But they control the media, so the sky falls every time stocks have an issue.
Yeah, but the amount of stocks owned by them is miniscule compared to the richest 10% of the United States.