"Trump paid plenty of lip service to working-class Americans, but as president-elect, he's moved quickly to stack his administration with billionaires that share his vision of a rigged economy that only works for people like them."
Yup, there are a lot of options for civil disobedience in the use of your money. I bank with a credit union, myself, and love that CU’s give you away around fees. Mine, for instance, lets you have a line of credit that, if you accidentally overdraw, will make the payment without triggering fees. You just pay back the few pennies in interest and you’re good to go.
I look at investing in stocks the way I look at people using gasoline.
You have no real options. With a president like Trump, and both ruling parties being owned by Wall Street, it’s just unwise not to be invested if you’re able to be.
There are tons of options other than investing in the markets. If you have enough to invest, instead you could start a housing coop with a few other folks (it’s easier than it looks) and spend your resources maintaining or increasing the property values, as an example.
If the incoming administration is able to pull off even one or two of their more spectacular plans every single person on earth will be affected by the ripples. Deporting the migrants alone will decimate our economy and lead to skyrocketing inflation.
The only way we are going to have a chance at doing anything but surviving is if we come together for mutual aid & support and find new ways (or rediscover old ones) to how to build a future. Investments help the Oligarchs (especially if you invest in indexed funds and things like it) and won’t be worth the bits they’re stored in if inflation gets out of hand.
But then again I have lived at or below the poverty line for most of my adult life, so “investments” are something for other people to take advantage of.
Yup, there are a lot of options for civil disobedience in the use of your money. I bank with a credit union, myself, and love that CU’s give you away around fees. Mine, for instance, lets you have a line of credit that, if you accidentally overdraw, will make the payment without triggering fees. You just pay back the few pennies in interest and you’re good to go.
I look at investing in stocks the way I look at people using gasoline.
You have no real options. With a president like Trump, and both ruling parties being owned by Wall Street, it’s just unwise not to be invested if you’re able to be.
There are tons of options other than investing in the markets. If you have enough to invest, instead you could start a housing coop with a few other folks (it’s easier than it looks) and spend your resources maintaining or increasing the property values, as an example.
If the incoming administration is able to pull off even one or two of their more spectacular plans every single person on earth will be affected by the ripples. Deporting the migrants alone will decimate our economy and lead to skyrocketing inflation.
The only way we are going to have a chance at doing anything but surviving is if we come together for mutual aid & support and find new ways (or rediscover old ones) to how to build a future. Investments help the Oligarchs (especially if you invest in indexed funds and things like it) and won’t be worth the bits they’re stored in if inflation gets out of hand.
But then again I have lived at or below the poverty line for most of my adult life, so “investments” are something for other people to take advantage of.
Yup, unfortunately not everyone can invest.
That’s what happens when 99% of voters choose capitalism every single election.