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).

  • PainInTheAES@lemmy.world
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    1 year ago

    Buying a random stock and chanting to the moon might be like going to the casino but investing into a fund or into a balanced portfolio through your bank is not gambling. You really should reconsider our you’ll be working until you die, i mean we all could, but I’d rather not risk it.

    You don’t have to invest a lot, my bank for example let’s me siphon off a little from each paycheck into an investment account.

    • Flying Squid@lemmy.world
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      1 year ago

      Oh I already know I’ll be working until I die. That’s what happens when you work a series of low-paying jobs and live paycheck-to-paycheck.

        • Flying Squid@lemmy.world
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          1 year ago

          Maybe, but at this point, I have to focus on my daughter’s education, which is a full time job as a parent when they’re in online school.

          • Salamendacious@lemmy.worldOP
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            1 year ago

            If you enjoy working in the education field you could consider looking into becoming a classroom aide at some point (when you’re daughter’s education situation changes). States differ but most states just require a high school diploma but you’ll make more with an associates degree. You also get access to the retirement plans that teachers have and have all school vacations off so you can care for your daughter when she isn’t in school. It’s just something to think about. Where I am there is a shortage of aides.

            • Flying Squid@lemmy.world
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              1 year ago

              She’s in online school. We had to take her out of public school because of severe bullying. The online school, which is a state program, so it’s not weird Christian homeschooling stuff, requires a parent to be a full time “learning coach.” One day I’ll look for another job, but probably not in the education field.

              • Salamendacious@lemmy.worldOP
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                1 year ago

                I’m sorry your daughter had to face severe bullying. I sincerely hope she doing better now. You might want to consider looking into the homeschool community. They frequently have social outings. It might be a good way to give her access to peers in a less stressful environment than school was.

                • Flying Squid@lemmy.world
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                  1 year ago

                  She’s only been out of school for a few weeks. We’re going to our first meetup this Wednesday actually!