There's something seriously wrong with the stock market

[Karma13612]

23. Horrible isn't it?

But please remember one crucial thing about the insufferable stock market.

It isn’t just the filthy rich repukes who have money in the stock market.

I am not rich by any stretch. Right now, I am living on my monthly SS income as a retiree since I turned 65 last year.

I had two long term jobs in my life. Plus a lot of short term ones. The two long term jobs had pension plans where the employer put a bit of money in the stock market, and you could put in some on your own.
Now, for those of you who are really savvy in the market, you would say I should have simply put the money in this or that fund etc.
Well, I wasn’t savvy. I left it in mutual funds and watched it tank, and rise and fall, stomach sick most of the time. Lately I can’t even stomach looking at the account. Towards retirement, I was instructed to place my money in a fund that was geared towards keeping principal and very low risk, so I guess it means I’m in bonds now.

This was a pension where I have X amount of money and pray the market doesn’t tank. When it is gone, I am left with just my monthly SS check It is not the type of pension where the company simply says you will get $xy per month for life.

So, as much as we all want to hate on the stock market, and we hope it crashes and makes Trump look bad, that is wishing a lot of retirees a very lean existence.

I wish a LONG time ago that some governmental body would have required that employees get to choose where their money goes, instead of the stock market. It would be a lot safer to be in CD’S.

I understand the concept of pre-tax and Roth and 501K, etc.

What I am saying is that the insrument in which my money was placed was too limited. There should have been more explanation for those not savvy in finance. It was wrong and dangerous.

Hope some of this makes sense.

I did the best I could, and am now left with praying the stock market doesn’t get worse.