How about you? How much did you lose? Don’t worry mate! Charles is here to help!
You only lose if you sell. So I haven’t lost anything.
You lose if you sell or if Trump fucks up the economy enough to completely wipe out many businesses (such that their stocks go to zero/get delisted).
Frankly, given the real possibility of (a) the US becoming a Russia/Iran/North Korea-style pariah state or (b) the MAGA fascists triggering a civil war, that could actually happen.
Remember, This. Is. Not. Normal. The usual economic assumptions do not take into account this sort of sovereign risk, and thus may not actually apply.
U will have to sell one day, time ticks, u get old, u need the money. Then realize our 401k became same as Japanese stock market
I know right. And the motherfucking cultists in my own family are telling me it’s my fault for trusting the stock market. But these same fucks have told me that’s my only option for retirement because Soc. Sec. Is a “Ponzi scheme”.
We’re setup to fail, we’re only here to produce value that can be stolen.
Cant lose anything if you dont have stocks. My money sits in coop ownership style social housing projects. Gives me only 1-2% per year, but better than nothing or losing.
Very cool to support a project like that. Just a heads up for you: if your return rate is lower than inflation, you are losing money, unfortunately. Up to you whether it is worth or not
Yeah ofcourse you technically lose money, but if you dont want to invest in normal market stocks, then its better than having it just sitting in your bank account. The base situation is always “losing money due to inflation” so anything that gets you closer to zero is an improvement. Its more of a social investment than a monetary one tho i admit.
Not knocking social investment! Just making sure you and anyone that reads this thread is aware
If you got 17,000 points like a NASDAQ has and you take away 2% every day like we’ve seen for a few days now, it will take 34 days to half!
Half! The new double! Who knew!
-$150,000
I feel for you! In a few decades, we we recover, we should go have a drink…of rain water. I assume rain water goes thru cheap wooden boxes.
