I 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?
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)
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.
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
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?
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.
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.
I haven’t checked. It’s a long-term investment anyway.
Nothing invested means nothing to lose! Never got to play the fucking game.
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.
The next
few yearsdecadeFTFY.
I’m expecting/hoping that the hamberders do him in by then.
$25k and climbing but thankfully that’s pretty much all in my retirement and I’m not touching it for several more decades.
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.
Not a penny. I dumped my meager stocks in November and I shit you not rolled them over into a bunch of nonperishable food
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.
$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.
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.
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.
