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).

  • BombOmOm@lemmy.world
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    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
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      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.world
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        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
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          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?