Thread regarding State Farm Insurance layoffs

@ruxg. Which is exactly why the vast majority of agents bailed on financial services when they brought them back. State Farm decided it was too risky to remain in that business when customers faced the inevitable downturn…..but State Farm expected agents to do so at their own personal risk.

When the market is on a roll, every Tom, Di-k, and Harriet is a financial genius who talks about “investing in an index fund making x.xx% per year”. And they scoff at people who say “except when it doesn’t”. But let the market drop for a while (which it ALWAYS does), and they turn into whiny victims of somebody else’s exploitation.

This is a weird market. Even the 5% put strategy is down 20%.

YOLO it into SPY puts

Shazam Gomer.

Todays 401K analysis: Andy is on vacation and Barney is in charge. That is if you can remember The Andy Griffith show. SF is same.

Speaking of 401Ks how do you like the performance lately? How's those socialism policies working out for you? Bernie got you covered? Bought your electric car yet?

Policies are political and IMO the first ammendment allows them to do that. Let them speak. You don't learn anything when you cancel and try to silence them.

@4ega, they all end up that way, don't they?

We’ll, this thread degenerated, as usual, to political posturing that has nothing to do with the topic.

If anyone got conned by Dolt 45, they sure didn't get conned by 8.6% inflation, high gas prices, 401K losses, and so on which adds up to more than 250M. Another corner MBA without an ounce of common sense. Pencil neck.

Check you 401K balance now after the past three days. The boy who said: They're all gonna put you back in ball and chains is just doing that. Inflation 8.6%, gas prices, food prices, interest rates, supply chain, no baby formula, crime, the housing market and the list goes on. The middle class just like California is on life support and bleeding. The market is showing the results of poor decisions. We no longer have a private sector that can afford a bloated public sector. More crashing to come.

@3lxd. Imagine fueling your vehicle with polychromatic unicorns.

imagine thinking there is any real difference between administrations other than news content on TV.

The response by @btp is the only one that is informative and accurate.

They are fine examples of having listened to too much complaining from the snowflakes.

Look at these responses to OP. These are fine examples of leadership at State Farm. Instead of helping the person and making the effort to help them, they name call and tell OP they are hopeless. This is State Farm? A fine example of their lies and failure of mission and vision. Goes to show education has produced very angry and condescending people.

I'll put it to you this way......With the pension and your social security, you retire comfortably. Pension pre-1985. After that if your banking on your 401K and SF benefits, good freaking luck.

OP is never going to be able to retire, mot saving enough, maybe spend a little more time managing your $300/month cell phone bill, and your cable tv plus internet bill, plus Netflix, iTunes and what about the massive grubhub bill? Take the monthly savings and invest that in a simple “set it and forget it “ vanguard or fidelity SP 500 index fund and watch it grow.

Some of you are so clueless about financial basics.

1. State Farm doesn’t make money on your 401k; you do. The money is yours and the investment choices are yours.
2. In spite of that, posters here often complain about State Farm making their 401k balance drop ( because they secretly control all of the world’s financial markets?)
3. They add a low risk option designed to minimize losses and take advantage of interest and dividends…. and you think that’s a bad thing.

You are hopeless. You have no answers other than “they’re bad and I’m being mistreated. I don’t know how, but I am.”

Offering people an additional investment portfolio option for their retirement plans can’t be a good thing?