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 $10k, plus $12k in taxes :(
$100k when I checked on Friday. Not going to check again, that way madness lies.
An entire lifetime of work, living modestly, saving, funding my retirement accounts, paying a financial advisor to help me make responsible decisions.
Blown up by that orange turd.
At about 10k or so
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
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.
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.
About a year’s salary.
Nothing and neither did you. Numbers on a screen aren’t anything more than a suggestion until it’s cash in your hand.
You either lost money, or you lost time. If you are implying that you lost nothing because you didn’t cash out and therefore can wait for a rebound, then you are going to lose the time you have to wait for the rebound. In economics that is also called an opportunity cost. You have now lost the opportunity to invest that money into something profitable because you have now tied it up in something that is unprofitable. You still lost. You are just too dumb to realize it with this mentality.
Worst case is when people with this mentality ride a stock to the bottom insisting it will just take more time to come back, and it doesn’t. Then forcing the person to lose both the money and the time.
Found the apologist!
Man’s unlocked the secret code to infinite money.
If I pay for everything with a debit card it doesn’t count as real money because it’s just a number on a screen and therefore doesn’t exist.
The special thing is, you don’t have to believe in money at all to be able to use it. As long as other people believe in it, and you notice that, you can also use money. It doesn’t matter what you believe, as long as other people believe it has value.
But if you believe that other people believe something has value, then you also believe it has value. You wouldn’t accept money for something if you believed it had no value.
the number is how much cash you could get in your hand right now if you wanted to and it is absolutely more than just a suggestion; it’s real buyers buying right now at that price.
Yep.
Real money that someone (other than you) now has.
If not having it doesn’t lose you anything can I have yours?
You’re focusing on loss of money while ignoring loss of value. It doesn’t have to be currency to have value, and the value of something falling has an impact on your expectation of realizing that value later.
Your position works better with people treating the expectation of profit as value, and decrying unmet profit goals as a loss.
My mother will factually never be able to retire now. Thats real. Thats something, not nothing. We joke how its a rich people vibe machine but they’ve tied our retirements and employments to this thing. It means something. Believe me I wish it didnt. It hardly did for me I didnt have anything but I am not the sole proprietor of society now am I? Its a group project. A group effort to survive and thrive.
I have only a couple investments still open, pulled nearly everything the day after election. Still down ~4,500
$155k, and it could have been worse.
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.
I’m down $7k, so far.
I should have bailed early, but the tax hit would have been just as bad.In what world is a tax hit just as bad? If you’re having to pay taxes, you made money.
If you think you should have bailed then you shouldn’t be investing
Since I’m not american, nothing that I know of
Oh, the rest of the world is definitely feeling the ripples.
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.
Aren’t the stock markets supposed to recover from a crisis like this, as they always did in the past?
Literally every single time this far it has but the people who don’t even invest are saying this time might be different.
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.
Crisis would be something that happens despite, not due to, government policy.
How would it recover if the person responsible for fixing it is delighted at the damage he caused?
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.
Why do you assume the market will rally when they’re removed? The market will remain worried about the possibility of more. And the market has to deal with the already existing consequences of purchasing of usa goods down worldwide. Habits broken.
