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?
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 counting on republicans to overwhelmingly lose the mid term elections. If they maintain their majority and no one is able to challenge the agenda, then I think we’ll truly be looking at long term hard times.
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.
$25k and climbing but thankfully that’s pretty much all in my retirement and I’m not touching it for several more decades.
Nothing invested means nothing to lose! Never got to play the fucking game.
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.
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 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.
Had $120,000 at the start of the year. Had planned to pull at the beginning of the year, I didn’t. It dropped to $100,000 by early March of I remember correctly. I moved the money into a money market account after that. Where I had the money at has tanked quite a bit more after that. Not sure when I’ll get back in yet. Yes I realize it could recover before I get back in but so far I’ve made the right decision. S&P took major hits recently.
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.
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 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.
I don’t know how you got that impression but perhaps you’re just interpreting my comments through green-tinted permabull lenses.
Well… you haven’t watched the stock market or any money market enough then.
I’ve definitely seen the endless liquidity and leverage pumped into the system, I just don’t think it’s sustainable.
Well… You only lose if the value doesn’t go up. A small but very important difference.
I haven’t looked, but I cut the US out of my portfolio well before this. Probably some, but not too much, and I like my prospects once the tariff selloff is over. Actually, if I can swing it through an available institution I might go even shorter on the US with equity futures.
I retired early in September. I lost about 30k. I put this years Roth investment into a cd that doesn’t mature for 3 years because I knew what was coming.
It’s strange but now that I’m not working the loss bothers me less. I think I hated my job so much losing money made me feel like all that hard work and misery was futile.
Luckily, I don’t plan to live off my retirement investments for another 10 years. I reduced my cost of living by building a tiny house, and living super minimally. I live on what could qualify me for food stamps in my city. Instead I have a garden and I grow food.
I have a part time side business that pays most of my expenses and it tends to do better even with economic turmoil because it’s cheaper than buying imports. Sales are up 10% over the same time last year.
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 haven’t checked. It’s a long-term investment anyway.
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!
Just started my retirement fund last year, so far I have lost only $4K but I was being very moderate in my investments.
Well if you can you should max it out now.
Yep, buy low. Don’t try to time it. Just buy low and DCA.
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.
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?
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.
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.
