Because nothing matters. Just wait out the outrage cycle. In a week or two the general public will have moved on. Signalgate, the president being convicted of numerous felonies, etc being a few examples that pop into my head. None of this should be status quo but we live in interesting times as they say.
dummydummy1234|11 months ago
One can have the naive hope that people will start to care about competency.
Of course, we also have covid with estimated 1M Excess deaths... So, probably not.
Jtsummers|11 months ago
Vanguard's lifecycle funds (picking them because they get promoted a lot as a good choice, courtesy of good marketing and lower fees and generally good returns). Their 2030 fund, the one that people are recommended to select if they're retiring around 2028-2032, is down 4.54% YTD, and down 1.42% for the last year. The current market effects have wiped out over a year in gains for a relatively conservative fund.
And that's all from the last two trading days, it was slightly up YTD on Wednesday. And all of this is before the effects of the tariffs come into play. We haven't actually seen the effect of higher import costs hitting companies and consumers yet.
So people approaching retirement are getting hit and hit hard, but it's not quite 20% for them unless they selected an aggressive investment strategy for some reason.
The worst for the Vanguard funds are down about 8% YTD (and likely to get worse) for anyone 25 years or more away from retirement.
candiddevmike|11 months ago
https://www.newsweek.com/donald-trump-approval-rating-update...
The tariffs are probably going to be a historical "turn of the tide" moment.
brookst|11 months ago