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?
deleted by creator
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.
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.
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.
I haven’t checked. It’s a long-term investment anyway.
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…
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! 🙁
Not a penny. I dumped my meager stocks in November and I shit you not rolled them over into a bunch of nonperishable food
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.
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.
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?
God Lemmy is a shit hole now
I’m glad you’re losing money
Ya cuz of people like you
mirror!!!4!4
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.
One, because he became a militant asshole who started not respecting boundaries.
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.
I lost zero because the number going down doesn’t equal the value going down. You only lose if you panic sell.
Well… You only lose if the value doesn’t go up. A small but very important difference.
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
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.
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.
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.
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.
I fortuitously moved all my VTI into VTV a couple weeks ago to divest myself of TSLA, and over the past two days have been actively keeping the balance of my 60/40 equities/bonds portfolio by selling a little bit of BND and BNDX to get some more VTV as it sunk. Didn’t need to modify the VXUS portion.
Sure was nice to have those bond portions to assuage the decline.
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.
This dip isn’t even because of some fundamental issues on the market. It’s just the reaction of scared individuals to what a single person says. When that same person the next month says something else the opposite can happen.
Quite a bit but I’m not gonna sell, most of it is in retirement accounts anyway
I just want everyone to survive this
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.
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.
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.
