r/wallstreetbets
This year is absolutely crazy so far
Author vents frustration over FSPGX's extreme volatility, blaming market instability on the current political climate and capitalism.
- Extreme volatility makes it unsuitable for stable long-term growth.
- Market is driven by the emotional whims of the wealthy elite rather than fundamentals.
Let us look at FSPGX as an example. This is the mutual fund I have my life savings in. The kind of mutual fund Dave Ramsay would encourage investing in long term.
Q1 was a correction. It dropped over 13% Q1 2026. Then Q2 it ballooned almost 20% now is dropping again dramatically.
FSPGX isn't a wild bet. We aren't yoloing on intraday movements here. This type of fund is supppsed to be long term stable growth. Slightly more aggresive than an index sure but not a roller coaster like this.
This is Trump's America. Our financial futures are in the hands of the emotional whims of the 1% who don't give a fuck about you.
I have no financial advice here other than theres no crying in the casino. Because life is a casino as long as it functions under capitalism.