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?
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.
One, because he became a militant asshole who started not respecting boundaries.
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.
God Lemmy is a shit hole now
I’m glad you’re losing money
Ya cuz of people like you
mirror!!!4!4
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.
You have a point there
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.
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.
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.
Nothing because I am a poor and don’t have stock
About $10k, plus $12k in taxes :(
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.
Person investing account got drained during my last family emergency, so none.
401k? Haven’t checked, but probably about 15% since the last time I checked on it, right around the time Trump took office. Probably lost around 2% over the last 12 months based on the S&P 500. Looks like I’m probably still up somewhere between 50 and 90% since I started with my current employer.
Advice? Don’t panic sell. Odds are pretty good the market will be back up eventually.
If you’ve the spare cash handy now might be a good time to invest in individual companies with a solid track record of paying out dividends. I generally aim for dividend yields in the 5 to 10% range, but there might be some good bargains right now with higher yields. Just make sure they haven’t announced that they are suspending dividends or going out of business or something.
Advice? Don’t panic sell. Odds are pretty good the market will be back up eventually.
100 percent this. You only lose money in a down market if you sell while it’s down. That’s why rich people see everything as being on sale, and they always profit in market dips like this. It’s because they laugh when people panic, and then buy everything at the super low prices.
I’m not even rich, and I’m following this strategy! lol
Basically zilch since I have so little in retirement savings. I don’t make enough to really start saving. I have maybe like $22K saved over the last 10 years.
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.
once the little people sell their assets for pennies, they will just 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?
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.
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.
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’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.
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.
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.
Ouch, baby. Very Ouch.
