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?
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.
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?
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.
Wow. So you actually just hate anyone who has any money at all. You don’t actually care about the issues. You’re just bitter that they have more. Even when they care about your issues, you still hate them because they had the gall to complain when their retirement gets pushed back a decade.
You should look at your actual views. Pulling everyone to that level is the goal. Not bringing everything down.
The middle class are not your oppressors, and never have been.
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.
God Lemmy is a shit hole now
I’m glad you’re losing money
Ya cuz of people like you
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.
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.
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.
At about 10k or so
I have only a couple investments still open, pulled nearly everything the day after election. Still down ~4,500
Since I’m not american, nothing that I know of
Oh, the rest of the world is definitely feeling the ripples.
About a year’s salary.
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 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.
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.
You’re not wrong but they are also right. You’ve lost nothing until you’ve pulled out of the market. And unless you need that money within the next 18 months, that would be a colossally dumb thing to do. Even then I would probably advise against it.
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.
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.
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.
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.
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
$25k and climbing but thankfully that’s pretty much all in my retirement and I’m not touching it for several more decades.
Aren’t the stock markets supposed to recover from a crisis like this, as they always did in the past?
Crisis would be something that happens despite, not due to, government policy.
How would it recover if the person responsible for fixing it is delighted at the damage he caused?
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.
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.
Literally every single time this far it has but the people who don’t even invest are saying this time might be different.
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.
