The Federal Reserve seems to be done with its aggressive interest rate hikes, economists say. That could turbocharge stocks and your 401(k).

News this week that inflation eased more than expected in October solidified the view that the Federal Reserve is done with its most aggressive rate-hike campaign in four decades.

And that could be a boon for the stock market and your 401(k).

  • bloup@lemmy.sdf.org
    101·
    1 year ago

    Uh not really… he started PayPal and then sold himself like 1 million shares at $0.001 (a tenth of a penny!) a share. Did you even read the article? Literally anyone who starts a business has to inject capital. It’s not gambling any more than any other person simply starting a business.

    Also if you do read the article. You will learn it is not just Peter thiel, but many many many wealthy individuals who have done similar things. You say “the ultra wealthy would love to have Roth IRAs!” Well guess what: they do and it’s often a substantial portion of their fortune.

    So what is your point now?

    • BombOmOm@lemmy.worldEnglish
      54·
      1 year ago

      He did that in 1999 when PayPal was still X.com, something almost nobody has heard of, and it was not clear if the company would make it. As I said, he gambled his money and he won the lottery. Someone is always going to win the lottery.

      • bloup@lemmy.sdf.org
        75·
        1 year ago

        You say in your original comment to me “the ultra wealthy would love to benefit from Roth IRAs!” Well guess what: they do and it’s often a substantial portion of their fortune.

        So what is your point now?

        • BombOmOm@lemmy.worldEnglish
          63·
          1 year ago

          They can still only put in $6,500 per year into the account. As I said “Rich people would LOVE to own more in the same way and pay less taxes.”

          This guy won the lottery. Should we kill a program that you can only put $6,500 in per year that millions of Americans use just because someone wins the lottery? If that is the route you suggest, we will have to go and kill every program that people use to invest in their future.

          • bloup@lemmy.sdf.org
            35·
            1 year ago

            As I said “Rich people would LOVE to own more in the same way and pay less taxes.”

            So they’d love to do a thing that they have all demonstrated they are perfectly capable of doing? What is even the value of such a comment?