鴉PieFedHow Much Have You Lost?
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SanctusI didnt have much to begin with only lost about 12k, I have nothing anyway. My mother lost roughly 100k in her retirement fund from all this crashing. My grandmother even more. How much have you lost in Trump's Tantrum Tariffs game?
Just started my retirement fund last year, so far I have lost only $4K but I was being very moderate in my investments.
Well if you can you should max it out now.
Yep, buy low. Don’t try to time it. Just buy low and DCA.
Had $120,000 at the start of the year. Had planned to pull at the beginning of the year, I didn’t. It dropped to $100,000 by early March of I remember correctly. I moved the money into a money market account after that. Where I had the money at has tanked quite a bit more after that. Not sure when I’ll get back in yet. Yes I realize it could recover before I get back in but so far I’ve made the right decision. S&P took major hits recently.
I lost zero because the number going down doesn’t equal the value going down. You only lose if you panic sell.
You still lose time, and are now stuck in an unprofitable investment rather than a profitable one. So you are also losing all the value you would have gained had we stayed the course instead of doing this dumb shit. Thats called opportunity cost.
Look up the stock market around March 2020. Huge dip then rebound to pretty much the same trajectory. As long as you left your stuff to sit, you're still doing fine. There's no reason to think the massive rebound would have still occurred without the dip.
I fortuitously moved all my VTI into VTV a couple weeks ago to divest myself of TSLA, and over the past two days have been actively keeping the balance of my 60/40 equities/bonds portfolio by selling a little bit of BND and BNDX to get some more VTV as it sunk. Didn't need to modify the VXUS portion.
Sure was nice to have those bond portions to assuage the decline.
Trying to beat the market is a waste of time. You’re not stuck in an unprofitable investment unless you’re trying to get rich quick. You invest based on your strategy and value of said investment. It isn’t just because the number goes up and down. Time in the market wins every time. Read the founder of Vanguard’s book on investing.
Ordinarily, yes. But in this case, we're dealing with a type of risk we don't usually have to worry about: sovereign risk. It is entirely possible that Trump could be fucking up the country in ways that the market will *never* come back from because companies just get entirely destroyed or nationalized or who knows what.
In that sort of case, changing your investments -- not timing the market, but responding to the potentially permanent difference in circumstances -- can make sense.
This dip isn't even because of some fundamental issues on the market. It's just the reaction of scared individuals to what a single person says. When that same person the next month says something else the opposite can happen.
7% average annual growth includes dozens of market crashes and two world wars. This is not new, unique or surprising situation in any shape or form. I bet it wont take even a year untill we're back at all time high.
Yep. I'm amazed at how many Lemmy people don't realize this.
Yeah, this thread is very surprising
Right!? I mean, Lemmy on the average is wealthier and smarter than the average person, but what is going on in this thread?! lmao
This is the perfect mantra for getting scammed. It'll always go back up, guaranteed! Just keep putting money in, you only lose if you take money out! Yes, it has worked so far, but past performance does not guarantee future results.
You’ve got two choices. 1 - continue to invest using DCA even thought the market is down.
2 - sell, move your money to a CMA or something, likely at a loss for some of it, and pay your capital gains.
Because the option you are engaging in FUD over is that the market does *not* come back up. My friend, if everything goes to shit in that scenario and you don’t have a pile of cash under your mattress, you’re just as fucked as everyone else. There will be a run on the banks and there will be no money for anyone. So either put stacks of $20s in the freezer or keep investing.
I'm not arguing the market never comes back up, but there have been prolonged periods of time where markets do not recover to previous highs. After the great depression, the US stock market took about 30 years to recover to its previous high and continue growing (https://www.macrotrends.net/2324/sp-500-historical-chart-data). Similarly, it took Japan's stock market 30 years to recover to its previous high (https://www.macrotrends.net/2593/nikkei-225-index-historical-chart-data) and it's already on its way down.
The stock market does not represent economic reality. There are too many tricks with leverage in many forms, including derivatives, which distort the true value. Too much importance is placed on this glorified casino and for the past few decades, the go-to solution has been to pump money into the system at any sign of trouble. It's not sustainable to keep feeding this beast for the sake of the ultrawealthy who own the vast majority of it.
A stock market crash does not necessarily mean a run on the banks. There was a run on the banks after the stock market crash of 1929 because banks were over-leveraged with loans used to pump the stock market. That same mistake is being made now, but the difference this time is the government guaranteeing deposits. There are other issues where the government may not be able to fulfill those guarantees, but at that point, is this fragile system worth keeping up? We can't keep it up forever.
It's not FUD to point out that infinite growth is not sustainable. On the flipside, the permanent optimism of claiming the line will always go up in the end and not taking into account the amount of time it can take for that to happen is irrational. The key as always is to diversify, but the makeup of that diversification can vary greatly and the stability of the stock market is not guaranteed.
You’re arguing both sides of the coin. Pick one. It also doesn’t really change what I said. You either stay in and hope, or get out and pay the tax man. Your call.
For something like a 401k, changing your allocations has no tax events. For the rest, most of your holdings will be long term and will qualify for a mere 15% or lower tax rate: https://www.bankrate.com/investing/long-term-capital-gains-tax/#what-is-the-long-term-capital-gains-tax-rate
So you want to stay in? Got it.
Well... you haven't watched the stock market or any money market enough then.
I've definitely seen the endless liquidity and leverage pumped into the system, I just don't think it's sustainable.
Well... You only lose if the value doesn't go up. A small but very important difference.
Nothing because I haven't sold anything and aren't planning to either. I hold and keep buying more. Just like I did thru the previous dips.
Keep calm and hold, that is the way.
I had a trust fund of stocks and my mum said she sold them whenever a crash happened.... Why.....
Yeah, buying after the crash happens makes no sense. If you can somehow( for lack of a better phrase foresee )a crash happening, and then sell before the crash, then buy back in after the crash. That makes sense because then you’re selling high and buying low.
But buying after the crash makes no sense because now you’re already down. I feel for you on that one
I haven't sold, so none. I'm going to buy a bit more. Even if it goes down I can still get dividends and borrow against it rather than selling if i need
once the little people sell their assets for pennies, they will just bulk buy it at a bargain and reverse the shitty decisions that made it crash.
just legalized robbery-with-extra-steps.
I hope no one sells, if anything they should buy more. Assuming, and that’s a big word here, they can afford to.
the fact its crashing so hard means quite a bunch of money was already pulled out.
Appreciated, I was more referring to the ordinary folk that wouldn’t have that level of influence. But I suppose that that’s passed.
You make it sound mandatory. Every financial literacy thing will tell you not to panic sell.
not everyone has good financial education, and not everyone can afford to lose so much money when they are currently living off it.
Yep. Poverty sucks. If you can't afford a portfolio you won't be affected, though.
Vulnerable people giving away money without googling it first is a thing that happens, but that's not exactly a conspiracy either.
thats sometimes peoples life savings. not that this makes me specially sad, but isn't a lot of retirement schemes in the US tied to the stock market?
Yes and no. With investments, there's a tradeoff between volatility (how much it grows and shrinks) and average growth rate over the long term. If you're getting old you really *should* switch to something less volatile.
I'm young and can just wait this out, so I'm invested in (all non-US, thankfully) stocks, which are high-volatility. That's fine. If I was 60 I'd have moved most or all of my stuff out.
(I should mention that I'm actually below the poverty line myself income-wise, and I'm still on team eat-the-rich, plz don't hate me)
I decided to adult and buy a few stocks. So far I've lost six hundred dollars.
Yes that doesn't seem like a lot but I've never invested before and I'm not exactly rich.
Haven't checked my retirement because I've never expected to be able to retire in this country. I will work till I die. Yay, American dream! 🙁
Only you can save the stock market. Thank you Captain America!
Fuck your stocks. How many trans friends have you lost and did you even really care until it started affecting the economy. Fuck your stocks.
You know, it's possible to feel emotions about two different things at the same time.
You can feel bad about the economy if you want, and also bad about how the government treats people. You don't have to choose one or the other.
Try it!
God Lemmy is a shit hole now
I'm glad you're losing money, it brings me joy to see the middle class finally freaking out, even if it's for reasons that are utterly selfish and blind to the real struggles minorities have been facing for decades. Maybe if you buy gold instead?
Ya cuz of people like you
mirror!!!!4!4
The middle class aren't the problem. Lol. Shouldn't you be on hexbear?
technically not, but they were the ones who could have done something about it the best.
they came for the communists, then for the third world, then for trans people, then for the immigrants. and now they are coming for you.
You have a point there
lets not forget their treatment of global south countries and its people.
trump is just turning the oppression we suffered for a century at this point inwards.
id rather see usians liberating themselves (and us, by extension), but fascism was the obvious outcome of such shortsightedness.
Even if you don’t own stocks, your paycheck is now worth 15-30% less due to tariffs.\
None of my trans friends have been lost.
I mean, good. The country voted in a fascist on a policy of trans genocide and it takes a tanking economy for any kind of mass protests to take place. The government was killing my friends long before Trump was elected but that didn't effect your safe little bubble. If the violence has to be explicit, then so be it.
Oh geez dude, so sorry my trans friends didn’t get killed to justify your rant.
I'm sorry you think you're living trans friends lend to whatever argument you're trying to make. According to the government they even exist anymore. The Republicans have been calling for blood openly for many years. It's going to get a lot worse than a downturn in the economy and it's not going to get bettter if people don't start to see the bigger picture.
My guy I agree with you that trans lives matter more than money, but this is not how to convince people to join our side. Like absolutely this countries priorities are absolutely fucked, but opening with "fuck your money" is only gonna get assholes to dig in their heels
I won't police my thoughts, opinions and language to appease liberals and centrists and I won't trust anyone who thinks that our struggle rests on that kind of approach. Unless they gutterally get it they are not my ally.
Ok but how many people in the whole US agree with you enough that you'd call them an ally? 2% .2%? Your plan is to enact change with 99.8% of everyone on the other side of you? The movement requires liberals and centrists to change their minds.
One, because he became a militant asshole who started not respecting boundaries.
All my loss has had nothing to do with the economy.
I've had basically everything I own in life thrown away. *Twice.* Once when I was 19 and got a job on a cruise ship; my parents sold my car and had my siblings move everything out of my room so my brother could take the room, and those two assholes just threw everything in the trash.
It happened again when I got married and my (now ex) wife got rid of everything of mine that I had before we met.
Ouch, baby. Very Ouch.
Untill you sell, you haven't actually lost anything tangiable.
What I mean is that the market can absolutely bounce back once the situation is stabilized again, if you have time and resources, it might be worth riding this out.
This is not like every other time this has happened. This is happening now with no support from the rest of the world, which is usually what pulls us out.
I would forget about any owned stocks and focus on real life for what will probably be a decent amount of time.
I haven't checked. It's a long-term investment anyway.
I bought European defense stocks so I get happy whatever he says.
Jokes aside about 30k maybe? Not sold anything and I did not care enough to check. Hopefully he does not get to stay in office for another 4 years. I'll just buy more meanwhile.
Oh shit this is a great idea.
My 60 year old dad who started investing 3 months ago is buying Rheinmetall stock. I'd say that when people like him are already buying them you're already way too late.
Yeah I think everyone knows it's a bubble. Some think they will get off before it pops, and I don't care, like I said I bought it to be happy either way.
Aren't the stock markets supposed to recover from a crisis like this, as they always did in the past?
If it doesn't everyone will have more to worry about than the worth of their 401k.
This is always how I’ve framed it. Either it will recover or we’re dealing with societal collapse–level problems. In the former, great, wait it out. In the latter, good luck no matter how much you had.
Anyone acting like this current clusterfuck is permanent or anything but a random stupid whim hasn’t been following what this shitgibbon does. He will repeal the tariffs at some point, call it a win, and the market will rally in response. Then it’s on to the next abomination of “policy”. Just another episode in the nonstop trash reality show that is a Trump presidency.
Literally every single time this far it has but the people who don't even invest are saying this time might be different.
I sold about a third of my shares in my retirement index fund into “cash” about a month ago. This was obviously coming and I figured I would try to time the market in this instance. I didn’t have the balls to do the whole thing but I stand to make a nice gain if I can buy back in on the way up.
The next few years will be a constant whip saw of crashes and “recoveries”, because the big money wins more when prices are volatile. They sell before you can. They buy before you can. It’s a dance they take advantage of, and we should try to as well.
FTFY.
I’m expecting/hoping that the hamberders do him in by then.
Nothing. Sold everything when I heard that warren buffet had sold everything
So you're fully invested in USD?
That seems risky right about now...
Agreed.
Nothing and neither did you. Numbers on a screen aren't anything more than a suggestion until it's cash in your hand.
the number is *how much cash you could get in your hand right now if you wanted to* and it is absolutely more than just a suggestion; it’s real buyers buying right now at that price.
Edit: not to mention, the remaining value is now worth 30% less due to instant tariff inflation on the price of goods
Yep.
Real money that someone (other than you) now has.
Found the apologist!
Man's unlocked the secret code to infinite money.
If I pay for everything with a debit card it doesn't count as real money because it's just a number on a screen and therefore doesn't exist.
The special thing is, you don’t have to believe in money at all to be able to use it. As long as other people believe in it, and you notice that, you can also use money. It doesn’t matter what you believe, as long as other people believe it has value.
But if you believe that other people believe something has value, then you also believe it has value. You wouldn't accept money for something if you believed it had no value.
You either lost money, or you lost time. If you are implying that you lost nothing because you didn't cash out and therefore can wait for a rebound, then you are going to lose the time you have to wait for the rebound. In economics that is also called an opportunity cost. You have now lost the opportunity to invest that money into something profitable because you have now tied it up in something that is unprofitable. You still lost. You are just too dumb to realize it with this mentality.
Worst case is when people with this mentality ride a stock to the bottom insisting it will just take more time to come back, and it doesn't. Then forcing the person to lose both the money and the time.
If not having it doesn't lose you anything can I have yours?
You're focusing on loss of *money* while ignoring loss of *value*. It doesn't have to be currency to have value, and the value of something falling has an impact on your expectation of realizing that value later.
Your position works better with people treating the expectation of profit as value, and decrying unmet profit goals as a loss.
My mother will factually never be able to retire now. Thats real. Thats something, not nothing. We joke how its a rich people vibe machine but they've tied our retirements and employments to this thing. It means something. Believe me I wish it didnt. It hardly did for me I didnt have anything but I am not the sole proprietor of society now am I? Its a group project. A group effort to survive and thrive.
I'm in the middle of closing on a house. I'll let you know in 5 years.
As long as you don't cave, the worst that will happen is you bought before the Depression 2.0 firesale. Your kids will be one of the few of their generation with access to a house. Congrats. Fuck you.
Haven't seen you in a year, how are you doing?
Still angry, still autistic, but now I have to deal with fucking fascism in my government
How about yourself? (BTW I now retract every brexit joke I made and am reasonably prepared for my own comeuppances in the coming years)
Things were far better this time last year. Unfortunately now they are far worse 🫠 but I'll still try my best to get through it
Hey if it'll cheer you up you can make a 'stupid yank' joke at my expense, I feel I deserve it a bit. No I didn't vote for him, but apparently I also didn't convince enough other people not to vote for him so I have a part in all of this
Don't be silly, there are bound to be more pressing issues in your life than to beat yourself up over the stupid decisions of your countrymen. It's not your fault. As long as you did your bit and vote, that's what matters.
The market has given up about one year's gain, so people who have held diversified portfolios for longer than that haven't really "lost"anything.
Yet.
In January I moved all my 401k funds to a vangaurd stable fund which mostly invested in money markets. My 401k is somehow *up* from April 1st by a few %. Thinking of reallocating to take advantage of Trump's inevitable reversal.
My guess is he will do it piecemeal as countries cave to his attempt at soliciting bribes. So the market as a whole wont recover all at once. When I see he is starting to reverse individual tariffs, that's when I'll do the reallocation. But until then I think there is more to lose.
Also I shorted Elmo and cashed out high enough to cover the losses on the rest of my portfolio. So somehow I didn't get turbofucked by them this time.
It just sounds like you were ready for the fuckening. Good job honestly, mate. I dont have the funds as a freshly salaryman to be playing markets. But I saw the movements and if I had a spare dime I would have made it out of here still complaining but covered. I'll never stop complaining until equality and equity are human pillars tho.
$155k, and it could have been worse.
Technically none, as nothing has realised yet. :P
Down 14% since the start of March
About a year’s salary.
Actual numbers?
Approaching a half million.
That’s from two people’s combined lifetime efforts at saving for retirement. We max out our retirement contributions and live modestly, I have a mandatory retirement age by law, and we can only hope that the markets will return our savings by then.
For the record, it’s shitty that people’s retirements are tied to the stock market.
401(k) plans never meant to be a complete retirement plan. Where does that leave future retirees?
Nearly three-quarters of all 401(k) money is held in stocks, according to a Vanguard report from 2021.
I read somewhere and can’t find it anymore, but up to 40% of the stock market value is comprised of peoples’ retirement savings or plans.\
So you can see how devastating this stock market decline could be if it gets worse, on top of all the issues with jobs it will cause.
Person investing account got drained during my last family emergency, so none.
401k? Haven’t checked, but probably about 15% since the last time I checked on it, right around the time Trump took office. Probably lost around 2% over the last 12 months based on the S&P 500. Looks like I’m probably still up somewhere between 50 and 90% since I started with my current employer.
Advice? Don’t panic sell. Odds are pretty good the market will be back up eventually.
If you’ve the spare cash handy now might be a good time to invest in individual companies with a solid track record of paying out dividends. I generally aim for dividend yields in the 5 to 10% range, but there might be some good bargains right now with higher yields. Just make sure they haven’t announced that they are suspending dividends or going out of business or something.
100 percent this. You only lose money in a down market if you sell while it's down. That's why rich people see everything as being on sale, and they always profit in market dips like this. It's because they laugh when people panic, and then buy everything at the super low prices.
I'm not even rich, and I'm following this strategy! lol
i am just starting on a fresh 401k account, i guess i got lucky, but people with decades worth of contributions must be swearing bullets
I'm swearing more than just bullets.
Not a penny. I dumped my meager stocks in November and I shit you not rolled them over into a bunch of nonperishable food
I've never even owned stocks.
My personal history of owning individual stocks has been very disappointing. If you ever decide you want to invest in the equity market, I recommend exchange traded funds (ETFs) that follow an index and have a really low expense ratio. My favorite exchange traded funds are VT, VTI, VTV, VXUS, BND, and BNDX. VBR may be a good one if you ever want exposure to smaller companies.
Mutual funds are another option, similar to ETFs.
If I wanted to play with pretend money, Monopoly is right there.
Playing monopoly is definitely a viable option if it makes you happy. The best investments in life are those that benefit mental and/or physical health.
Be *very* careful with mutual funds in this climate. Most are heavily weighted towards the Mag7 which include some of the most massively overinflated stocks.
That's why I like the "value" themed ones, like VTV. Those follow indices with companies having a somewhat reasonable price to earnings ratio.
You have no retirement fund at all? What the fack?
Some of us live paycheck to paycheck, Karen.
Have you tried not?
Oh sure, I'll just wave my magic wand and make it so that after I pay all my bills I have thousands of dollars left over to invest!
We all have bills, though. How much do you spend on fast food or other luxuries? What is your monthly income and how much are the hard bills (like utilities)? If you don't mind sharing since we're all anonymous on here anyway, maybe we can figure this out.
Oh my god.
I've considered all of these things. I know my finances better than you do. I live with family and don't even have to pay rent and I still don't make enough to invest in your magic money market. I don't need help from stockbros. You're doing the financial equivalent of "you're disabled? have you tried exercising and smiling more?" Maybe consider that you don't know everything.
Don't sell is my advice. Maybe it will take some time but the market will recover one day. The next peak will be bigger than the last, and the next and the next. If you zoom out you will see a steady line up. So sit down, and stop checking your account.
Since I'm not american, nothing that I know of
Oh, the rest of the world is definitely feeling the ripples.
My entire account is down 22% so it hurts a lot.
Im also not sure if I should sell. Under normal circumstances, I wouldnt. But now we are seeing another 4 years of Trump, and his strategy is about intentionally causing a depression. Its not normal days on the stock market, thats for sure.
Who can stop him?
Certainly don't sell now. You'll soon be seeing the combined pressure of the moneyed on Trump, and he's nothing if not chaotic anyway. "Strategy" is just what he calls his whim of the moment. This may not be the end of the dip yet, but the whole tariff scheme will fall apart and stocks will rally. You could, without touching anything right now, take a look at the stocks that your fund is made of, and see if you want to make changes for ethical or practical reasons, so you're ready to do so on the upswing. But let the big money investors throw their weight around first.
I'm planning to just keep buying more as he causes further declines, to my ability to do so that is.
I'm down $7k, so far.
I should have bailed early, but the tax hit would have been just as bad.
If you think you should have bailed then you shouldn’t be investing
In what world is a tax hit just as bad? If you're having to pay taxes, you made money.
Nothing invested means nothing to lose! Never got to play the fucking game.
Surprisingly little, *so far*. But I'm not retiring anytime soon, so even if I lose now I hope it'll be just a four-year blip.
Nothing because I am a poor and don’t have stock
I've sold most of my international/US-biased stocks, only keep a few, plus some local company that I know is doing pretty OK.
I replaced it with mostly high-security stuff like the bank savings account or European central bank rate coupled stuff. So I guess I am losing the potential interest?
I am still not sure when to "buy the drop". I bet that (sadly), the US administration will do more bullshit before it gets better.
Yeah, that’s what I did with my 401(k) put into a money market. It’s been there for a while now and after I moved it, the markets have only dropped. Could it in theory come back before I have a chance to buy back in, yeah, that is possibility but at least I still have the money that I moved from the normal investments over to a money market account. At least I didn’t go negative on that.
Even if I bought back in right this moment, I would still have saved the severe droppings of the last week and a half. Only is I don’t know if we’re still going down yet and how far. I do believe we are still going in the downward motion I think it’s coming back yet. Yeah it’s pretty much gambling on my money, but I honestly believe that this is the better option.
$25k and climbing but thankfully that's pretty much all in my retirement and I'm not touching it for several more decades.
About 70k so far, but I haven’t sold, so they’re not really losses. I’ll wait for recovery. No reason to take the early L with selling.
Everyone acts like theres going to be a recovery this time. When this is unlike anything we've ever been through.
I’m counting on republicans to overwhelmingly lose the mid term elections. If they maintain their majority and no one is able to challenge the agenda, then I think we’ll truly be looking at long term hard times.
Basically zilch since I have so little in retirement savings. I don't make enough to really start saving. I have maybe like $22K saved over the last 10 years.
I moved my stocks into non-US bonds and GICs when the first round of tariffs against us (Canada) happened. At this point I think it'd be a terrible idea to jump ship because you'll realize that loss.
Lemmy wants to eat the rich and wants rich people to lose all their wealth. They should be celebrating.
Unless of course..most of Lemmy is actually what most people would consider rich. Hmmm...
I mean this sucks for people who are already retired, people who were about to retire, and people who weren't watching their trades or paying any sort of attention. I personally haven't been effected that much just yet. Just usually if you were to do this sort of thing you'd set out like a 10 year plan you sign into law rather than this that causes harm.\
In the past I would have cheered this. But I am wiser now and know that unless the stock market is being abolished the rich can lose 99% of their wealth and be fine while everyone else drops dead. Your assumptions are ill informed and draw correlations to conclusions that only make sense in small scopes. Almost as if you're just saying divisive stuff. Hmm.....
i don't even have the right to retire anymore... am i supposed to be sad for the people who wanted fascism to happen the most?
Yes, way I see it, a lot of these people might just be alright as long as the democratic and social wellbeing propaganda is flooding the airwaves. But guess what's flooding the airwaves right now. I think that societies that actually take the steps to install correct social safety nets like healthcare and the like actually do step into the light. I think the fix is so simple that hundreds of billions have to be spent to suppress and spin so it doesnt happen.\
So you should feel bad, for everything. This place could be so bitchin', but its not. The solutions are mystical or unknown or out of reach for mankind. They're locked away and obscured because very powerful people want it this way. And I'm not talking about some absolute utopia being possible, what I mean is it doesnt have to be this stressful and crushing all the time. But the only way we get there as The People is if we spark, force, and maintain the change ourselves and agree on it *by looking at available data*. Unfortunately all that data shows that everything American Moguls love makes everything suck. So we arrive back at my first paragraph.\
/rant
i mostly agree, except we can want a better world while simultaneously being frustrated with the people standing in the way of it.
Yeah and I guess I just want to believe that most people aren't this bad or can be 'saved' in a way. But thats in no way fact and I need to remember that.
Meh, I am already retired and doesn't suck for me. Now for people who were just about to take out a big chunk and sell it all, yeah, the timing sucks.
But unless you are planning on selling right now, all good. The market will come back. And most rich people are actually buying up stock right now and laughing at the panic sellers. This happens every single dip.
Just because I say something divisive, doesn't mean I'm doing it on purpose. You do realize that some people just have different opinions than you, right? Hence the election results.
My point being, not everything is a trick or troll statement. I believe what I said; in spite of you finding it divisive, not *because* it's divisive.
For the record, my gf totally disagrees with me, and is making the really really silly mistake of panic selling. Even tho I showed her facts and historical context. She's making a huge mistake. And I'm sure I'll hear all about it when the market comes back up and I profit (small, but still profit).
But rich people, on the whole, cope better with economic downturns because they have more resources to play with and aren't living paycheck to paycheck.
So why would the mulch the rich crowd be celebrating?
Because they know they aren't "losing" money in the market because they aren't selling like panic buyers are. lol They are buying.
Buy the dips. Sell when high. That's how they stay rich. They are laughing at you right now
I think we understand "mulch the rich crowd" very differently.
Yeah? So explain the differences.
My use of the "Mulch the rich crowd" as people who will, at least (or perhaps at most) express the desire to grind up billionaires, or maybe millionaires into more useful biomass, such as mulch for their vegetable garden or community allotment.
You used it seemingly as a term for "people with lots of money and investments" thus able not only to not sell to keep up with cost of living increases, but also buy up things sold by those who needed to liquidate assets to keep themselves afloat.
Now, they may not be mutually exclusive circles - but the overlap would be neither informative nor relevant to the point.
For instance if someone is talking about birds and mentions a quality of vertebrates, and you come in with "and vertebrates can breathe underwater!" because fish are vertebrates and you are very clever.
Seems to be happening today! How come no celebration? I remember seeing Lemmy posts where people wanted to see wall street burn to the ground! Then it'd get hundreds of upvotes. What happened? Where's that crowd?! lol
Here's the real reason, IMHO: Because for all of the anti-wall street talk, and the anti-wealth talk, the fact is that Lemmy users on average make more than most americans. So when shit like what's happening happens, it actually affects them. The very fact that there are so many Lemmy's worried about their stocks shows that they are the part of the very crowd the like to see destroyed. It was all for upvotes.
Reality hits different.
Now as much as I would love to see this continue to happen. And Lemmy actually be as poor in reality as they pretend to be, I know the market dip won't last. No millionares are gonna lose their status. All the crying Lemmys who are making $100K a year will be just fine, and they'll continue acting like they make $15K a year and then watch their stocks rise in between fake justice warrior postings.
So yeah, I am fucking loving the news. Loving what is happening. And I think people are getting exactly what they deserve.
Also, I'm already poor. The wall street news hasn't changed my life at all. No one tiny bit. Except that my little extra fun money is now being used on buying stock and crypto cuz it's all cheap! lmao
60% of americans own stocks. It affects far more than “the rich”
Sure, but the majority of the poor who democrats and Lemmy portray themselves to care so much about, do not own stocks.
And I have seen plenty of Lemmy posters decry the stock market and wish it would go away. Plenty of hate for wall street and the money makers.
So something bad happens to wall mart, and now Lemmy is mad. So maybe you can explain the discrepancy to me.
Doesn't Lemmy want to watch Wall Street and the Stock Market burn down?
And on the flip side, does Lemmy think this stock market slump will last forever and never come back, so that money is gone forever?
OR will the market come back in a bit, the rich who buy all the cheap stocks and didn't panic-sell, will get richer and then Lemmy will yell about how the lowlife dregs of humanity who are rich capitalized on it all and actually made more money? *(Hint: This is what will happen. Please save my comment so we can revist it for proof)*
And my last point is true, then wouldn't it be better to just do what the rich do, not sell, and buy now? So you can profit as well?
My entire point is that Lemmy seems confused about what they should be mad about. Do you want to see Wall Street collapse or not? Is this a sign of the Wall Street collapse or not?
https://en.m.wikipedia.org/wiki/Sealioning
That has nothing to do with anything I said though.
Not much yet this time, but in the last crash half the 401k disappeared. It crawled back over time though. Not sure I have enough time for that to happen again.
I haven't looked, but I cut the US out of my portfolio well before this. Probably some, but not too much, and I like my prospects once the tariff selloff is over. Actually, if I can swing it through an available institution I might go even shorter on the US with equity futures.
My portfolio went down 1200 this Friday, 3000 since April started.
Haven't sold the 401k, will just hold through it. In my brokerage account, I was up and had been DCAing. I lost about 1/3rd of my profits before I sold it all a few weeks ago. I'm still up overall, and was holding lots of cash in the last several years anyway because I thought we were due for a big downturn. At this rate, though, I'm not really looking to buy the dip. I'm instead planning to move my money abroad and, if I can, find a better place to live than the US.
$100k when I checked on Friday. Not going to check again, that way madness lies.
An entire lifetime of work, living modestly, saving, funding my retirement accounts, paying a financial advisor to help me make responsible decisions.
Blown up by that orange turd.
I won’t dare to look.
Underrated approach.
At about 10k or so
I retired early in September. I lost about 30k. I put this years Roth investment into a cd that doesn’t mature for 3 years because I knew what was coming.
It’s strange but now that I’m not working the loss bothers me less. I think I hated my job so much losing money made me feel like all that hard work and misery was futile.
Luckily, I don’t plan to live off my retirement investments for another 10 years. I reduced my cost of living by building a tiny house, and living super minimally. I live on what could qualify me for food stamps in my city. Instead I have a garden and I grow food.\
I have a part time side business that pays most of my expenses and it tends to do better even with economic turmoil because it’s cheaper than buying imports. Sales are up 10% over the same time last year.
Quite a bit but I'm not gonna sell, most of it is in retirement accounts anyway
I just want everyone to survive this