My dad before Brexit:

My dad before Brexit:
>hurr my hurritage don't let those brown people in my homeland britain should be 14/88ths white
My dad after Brexit:
>durr my 401k went down what a bunch of retards how could people be so dumb

Was democracy a mistake?

>hurr the stock market should never go down durr

fuck off and fuck the rigged stock market

>Flag

nobody has a 401k or cares about one

fake

Politics is easy. Assume money is the motive for everything and it all makes sense

how the fuck does brexit make an american 401k go down?

you're an idiot OP.

What is a 401k?

Confirmed for being 12 years old

Sounds like a good time to buy

it's a tax deferred until withdrawn retirement fund.
no connection to international markets.

>no connection to international markets.

Since when are 401(k)'s not allowed to contain international investments?

Jesus Chris this entire board has never had a real job before.

>Not selling your stocks before Brexit.

Your dad is autistic.

>what is duckduckgo.com?

there's always money in the banana stand

fuck off idiot

the S&P was much lower in February

>what is conversation & discussion

well sorry Mr. Moneybags some of us have to work for living. go back to the country club and wanks with your fellow financial parasites.

lmao there are actual niggers on Sup Forums

>no connection to international markets.

are you retarded?

A 401k is indeed an account used for the purposes for retirement, but it is generally funded with stocks, bonds, index funds, etc (which have gone down in the wake of Brexit, including American companies). If you have a 401k then you lost a bit of money in the past few days.

confirmed sheltered as fuck

My older sister makes ~$40,000 a year as a secretary and she has a 401k. Most people (if they care about their retirement at all) who work in any basic office job have one.

I'm in my 20's and I'm going to avoid 401k like the plague. As far as I can tell, economic crash aside, if you aren't sinking your money into small business, mutual funds are the best option. I'm doin that and projections look good. Look at all of those old folks now, smoked and ate like shit their whole lives, can't afford their meds, choose between buying groceries and paying their utility bills every month. Just because its guaranteed doesn't mean its smart. It isn't even guaranteed. If you make it to their age, you will not have social security. Its going to crash.

That's what all of this is about bros. Nationalism isn't going to be a cushy ride, but you will have a people to call your own, you will be able to take care of yourself, and someone will pick you up when you are down. The ultimatum is; We can have open boarders, multiculturalism and corporatism, or you can have protected markets with welfare. Not both.

Anyone telling you "but we are all the same" or "we CAN have both" or "its not like that" is lying to your face or trying to sell you something. Don't be a chump.

> 401k
> Mr. Moneybags

I lost 10 bucks in savings so I'm not that bothered

underrated

gay show for faggots desu

killl yourself

How to stay poor the post

...

this user knows his shit

you only lost if you sold like an idiot

Yes, but not because of Brexit.

>Leftists: Money isn't everything! We need to stop judging society by GDP!
>Leftists after Brexit: WONT SOMEONE THINK OF THE BOTTOM LINE?

We see the true face of our comrades, it's exactly what we expected. Publicly principled until it is time to prove it.

Whatever bro any decent job matches 6% so you'd be a fool to avoid it.

A 401k is literally your company paying you extra to put money in a mutual fund plus the same tax advantages as an IRA. Enjoy eating your shoes when you retire.

The only mistake was Cameron using the referendum as bait to get into power for another term then getting fucked in the ass when he had to actually deliver on that promise. The very fact he is doing a runner because it backfired on him shows just how these globalist cunts operate.

>Was democracy a mistake?

Perhaps, but your father having you was a bigger mistake.

your an idiot and also irresponsible with your money

Maybe people are just trolling but anyone not making use of a 401k is fucking retarded.

Every $100 dollars you put in a 401k costs you $66 dollars. This is from tax benefits alone.

If your company has any employee matching program you are literally giving up free money by not making use of it.

he's a retard for not putting his entire portfolio into gold immediately before the referendum, it was obvious this was going to happen

Money put into a 401K comes out before income taxes, plus your company will match your monthly contribution to a certain percentage. Ideally, you should maximize whatever 401k package is offered to you while saving and investing a minimum of 10% of your income after taxes in an additional account on your own.

You'll thank me when you retire.

>durr my 401k went down

wait until the EU completely collapses.

that's gonna be real fun.

you're a fucking moron, and I'm not even going to tell you why

No, but your father was retarded if he didn't think there would be short-term economic repercussions at a minimum.

But then, he's also a fool for putting his retirement money into the stock market casino.

Underage confirmed. Pls ban.

>401k
>paying taxes LATER
>when taxes will almost always be higher

Why sign up for this garbage over a Roth IRA?