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?
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!
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.
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.
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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.
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.
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.
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.
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.
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.
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.
