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Old 03-01-2022, 12:06 PM
 
1,655 posts, read 776,117 times
Reputation: 2042

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Oil prices have spiked, inflation is running wild and the Dow has lost thousands of points since the Russia/Ukraine skirmish began.

Are you willing to give up your 401k in support of Ukraine and sticking it to Putin?
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Old 03-01-2022, 12:14 PM
 
Location: Indiana Uplands
26,428 posts, read 46,599,435 times
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Quote:
Originally Posted by GoAmericaGo View Post
Oil prices have spiked, inflation is running wild and the Dow has lost thousands of points since the Russia/Ukraine skirmish began.

Are you willing to give up your 401k in support of Ukraine and sticking it to Putin?
This is a short-term correction as Russia's economy drives quickly into insolvency and irrelevancy until a new leader emerges after Putin. European countries have far more economic challenges to deal with in the near-term than we do.
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Old 03-01-2022, 12:14 PM
 
2,684 posts, read 2,402,404 times
Reputation: 6284
401k's don't lose value from temporary drops. Just leave it alone and it'll come back eventually.

That said, I've been buying more S&P since this started. I like to increase purchases when things are dropping. I'm not big on trying to time the market, but this strategy netted me very large gains during covid.
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Old 03-01-2022, 12:17 PM
 
Location: A coal patch in Pennsyltucky
10,379 posts, read 10,670,669 times
Reputation: 12705
Quote:
Originally Posted by GoAmericaGo View Post
Oil prices have spiked, inflation is running wild and the Dow has lost thousands of points since the Russia/Ukraine skirmish began.

Are you willing to give up your 401k in support of Ukraine and sticking it to Putin?
How do you have a choice in this matter?

This is now a world issue.
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Old 03-01-2022, 12:18 PM
 
20,462 posts, read 12,387,859 times
Reputation: 10259
Quote:
Originally Posted by GoAmericaGo View Post
Oil prices have spiked, inflation is running wild and the Dow has lost thousands of points since the Russia/Ukraine skirmish began.

Are you willing to give up your 401k in support of Ukraine and sticking it to Putin?
i am beginning to this this is a russian propagandist.
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Old 03-01-2022, 12:22 PM
 
Location: By the sea, by the sea, by the beautiful sea
68,330 posts, read 54,411,082 times
Reputation: 40736
Quote:
Originally Posted by GoAmericaGo View Post
Oil prices have spiked, inflation is running wild and the Dow has lost thousands of points since the Russia/Ukraine skirmish began.

Are you willing to give up your 401k in support of Ukraine and sticking it to Putin?


And me saying I don't support Ukraine will change any of that HOW?
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Old 03-01-2022, 12:23 PM
 
Location: Los Angeles
7,826 posts, read 2,729,107 times
Reputation: 3387
Quote:
Originally Posted by Ferd View Post
i am beginning to this this is a russian propagandist.
Agreed
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Old 03-01-2022, 12:24 PM
 
Location: NJ
23,561 posts, read 17,237,701 times
Reputation: 17603
Quote:
Originally Posted by GoAmericaGo View Post
Oil prices have spiked, inflation is running wild and the Dow has lost thousands of points since the Russia/Ukraine skirmish began.

Are you willing to give up your 401k in support of Ukraine and sticking it to Putin?
willing to give up biden
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Old 03-01-2022, 12:25 PM
 
4,661 posts, read 1,953,608 times
Reputation: 4650
I am more concerned with the price of Oil as that hits us all in our daily lives and that is up greatly today. Most money i have ever made in one day from oil stock in a single day as of 2; pm est. But that is not going to do me much good as rising fuel costs make every other aspect of my and all of our lives much tougher in the days to come.
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Old 03-01-2022, 12:25 PM
 
Location: Annandale, VA
6,995 posts, read 2,709,255 times
Reputation: 7182
Quote:
Originally Posted by NYCresident2014 View Post
401k's don't lose value from temporary drops. Just leave it alone and it'll come back eventually.

That said, I've been buying more S&P since this started. I like to increase purchases when things are dropping. I'm not big on trying to time the market, but this strategy netted me very large gains during covid.
Its a great time to snatch up Russian oil stocks. You will make a killing once it recovers.
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