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?
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I hope no one sells, if anything they should buy more. Assuming, and that’s a big word here, they can afford to.
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You make it sound mandatory. Every financial literacy thing will tell you not to panic sell.
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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.
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I haven’t checked. It’s a long-term investment anyway.
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.
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.
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.
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.
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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.
Aren’t the stock markets supposed to recover from a crisis like this, as they always did in the past?
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.
Why do you assume the market will rally when they’re removed? The market will remain worried about the possibility of more. And the market has to deal with the already existing consequences of purchasing of usa goods down worldwide. Habits broken.
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.
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.
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.
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?
The middle class aren’t the problem. Lol. Shouldn’t you be on hexbear?
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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…
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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
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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?
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.
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
Sealioning (also sea-lioning and sea lioning) is a type of trolling or harassment that consists of pursuing people with relentless requests for evidence, often tangential or previously addressed, while maintaining a pretense of civility and sincerity (“I’m just trying to have a debate”), and feigning ignorance of the subject matter.[5][6][7][8] It may take the form of “incessant, bad-faith invitations to engage in debate”,[9]
The sealioner feigns ignorance and politeness while making relentless demands for answers and evidence (while often ignoring or sidestepping any evidence the target has already presented), under the guise of “just trying to have a debate”,[5][6][8][11] so that when the target is eventually provoked into an angry response, the sealioner can act as the aggrieved party, and the target presented as closed-minded and unreasonable.[7][12][13] Another maneuver of sealioning is the “Just Asking Questions” tactic, which frames false or misleading statements in the form of questions.[14][15] Sealioning has been described as “incessant, bad-faith invitations to engage in debate”.[9] Sealioning can be performed by an individual or by a group acting in concert.[16]
That has nothing to do with anything I said though.
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.
Nothing and neither did you. Numbers on a screen aren’t anything more than a suggestion until it’s cash in your hand.
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.
