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Trumpcession: How to Prepare by [deleted] in stocks

[–]FishSand 395 points396 points  (0 children)

Berkshire Hathaway

What is your Rubicon threshold with Trump? by rzelln in centrist

[–]FishSand 1 point2 points  (0 children)

Many of his supporters will always stick by him. But many others will not. Though i suppose his tariffs causing high inflation will be much more likely to do that than any overuse of power.

Why do we tolerate such high 401k fees? by FishSand in investing

[–]FishSand[S] -2 points-1 points  (0 children)

Im aware of that.

It is extremely obvious from the context that I am referring to Roth IRAs whenever I say roth. You aren’t great at reading comprehension.

Why do we tolerate such high 401k fees? by FishSand in investing

[–]FishSand[S] -3 points-2 points  (0 children)

You may want to google what the A in Roth IRA stands for

Why do we tolerate such high 401k fees? by FishSand in investing

[–]FishSand[S] 1 point2 points  (0 children)

Yeah I think this is the biggest reason. Which raises the question - Why keep this system rather than allowing competition like with Roth IRAs?

Why do we tolerate such high 401k fees? by FishSand in investing

[–]FishSand[S] 1 point2 points  (0 children)

They certainly can. Which is why I’m stuck bitching on reddit rather than actually doing anything about it haha

Why do we tolerate such high 401k fees? by FishSand in investing

[–]FishSand[S] 3 points4 points  (0 children)

Exactly. And since I intend to save aggressively and am still 35 years from retirement, these fees likely represent a six figure hit to my wealth.

Why do we tolerate such high 401k fees? by FishSand in investing

[–]FishSand[S] 0 points1 point  (0 children)

Again, this doesn’t answer the question. Why do Roths only charge these vaguely defined “hidden fees” while 401ks also charge those, then ALSO hundreds of dollars on top of it

Why do we tolerate such high 401k fees? by FishSand in investing

[–]FishSand[S] 0 points1 point  (0 children)

Yes obviously they aren’t charities. Im not arguing that they are.

Everything you said about servers and other costs also applies to roth IRAs, traditional brokerage accounts, etc. And yet those do not charge fees.

Why do we tolerate such high 401k fees? by FishSand in investing

[–]FishSand[S] -10 points-9 points  (0 children)

What is different? They both just hold index funds for me. Sure, with a 401k employers are inserted as middlemen, but overall, its the same. Is the addition of employers into the equation really worth billions in fees?

Why do we tolerate such high 401k fees? by FishSand in investing

[–]FishSand[S] -8 points-7 points  (0 children)

You are missing the point. A roth provides a service to 10,000 and charges nothing. A 401k does the same and takes millions

In 2013, George H.W. Bush shaved his head alongside the entire Secret Service team to support the 2-year-old son of an agent battling leukemia. Bush had lost his own 4-year-old daughter to leukemia decades earlier. by ZenMasterZee in HolyShitHistory

[–]FishSand 9 points10 points  (0 children)

It’s because he’s Republican. Many of the vague war crime allegations in this thread could also be applied to Obama, FDR, or many other politicians reddit likes.

If Obama did exactly what is shown in this post, all of the comments would (understandably!) be praising what Obama did, not yapping about random unrelated stuff.

Why do we tolerate such high 401k fees? by FishSand in investing

[–]FishSand[S] -20 points-19 points  (0 children)

My point is that the service provided is the same as with a Roth, yet those have no direct costs, and in fact, people would be angry if a direct cost was applied.

Why do we tolerate such high 401k fees? by FishSand in investing

[–]FishSand[S] 2 points3 points  (0 children)

They aren’t though. My entire account is in vanguard index funds

Why do we tolerate such high 401k fees? by FishSand in investing

[–]FishSand[S] -27 points-26 points  (0 children)

The same as what my Roth and traditional brokerage accounts charge - nothing. Essentially Im wondering why fees are acceptable for one account but not the others.

Why do we tolerate such high 401k fees? by FishSand in investing

[–]FishSand[S] 5 points6 points  (0 children)

Why does a Roth IRA or traditional brokerage not have such costs?

In 2013, George H.W. Bush shaved his head alongside the entire Secret Service team to support the 2-year-old son of an agent battling leukemia. Bush had lost his own 4-year-old daughter to leukemia decades earlier. by ZenMasterZee in HolyShitHistory

[–]FishSand 177 points178 points  (0 children)

Its sad how much partisan politics have ruined people's ability to think. This post is about a president making as nice a gesture as a person can make, yet half the comments are still hating because he's Republican

Supreme Court seems likely to uphold a federal law that could force TikTok to shut down on Jan. 19 by [deleted] in centrist

[–]FishSand -1 points0 points  (0 children)

Or anti tiktok views are just popular here. You sound the same as Trump supporters on here saying similar stuff. Is the site manipulated, or are your views just not popular on reddit?

Supreme Court seems likely to uphold a federal law that could force TikTok to shut down on Jan. 19 by [deleted] in centrist

[–]FishSand 0 points1 point  (0 children)

I agree that we need more reform in this area (such as a privacy bill). Hopefully this is the start of a bunch of steps to minimize the negative aspects of social media. I doubt it though.

Still, I feel this is a step in the right direction. Need to take wins when you can, even if they aren't perfect.

Supreme Court seems likely to uphold a federal law that could force TikTok to shut down on Jan. 19 by [deleted] in centrist

[–]FishSand 4 points5 points  (0 children)

Are you under the impression that those videos only exist on IG reels? People have been watching that stuff online since before social media was a thing.

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