Fabric and craft retailer Joann to go out of business, close all of its stores

Re:Fabric and craft retailer Joann to go out of business, cl... by HumblyTossed on Tuesday February 25, 2025 @11:48AM (#43174266)

> ... so cut the "holier than thou" BS.

Woah, that's not nice.

The person you replied to mentioned double digit growth and they're right. Not everything has to have hyper growth. If, as an investor, you want hyper growth, there are entities that can give you that. But even _some_ growth still means your 401(k) is growing and that 401(k) is supposed to grow for you for decades, compounding, not return you 50% next year so you can buy a new jetski.

[ Parent | on HN ]

Re:Fabric and craft retailer Joann to go out of business, cl... by lotsofpulp on Tuesday February 25, 2025 @11:55AM (#43174364)

Technically, if you use SP500 as a benchmark, you do need double digit growth. Why would I invest in a business without the prospects of additional returns, especially when SP500 is nearly risk free?

Why should I invest in my own business if I am not going to get at least what SP500 does? Other than buying myself a job.

[ Parent | on HN ]

Re:Fabric and craft retailer Joann to go out of business, cl... by shitecoin on Tuesday February 25, 2025 @12:09PM (#43174554)

Fun fact: putting everyone's retirement in the private market is a fairly recent phenomenon. Some might even argue that it contributes to the current state of affairs.

[ Parent | on HN ]