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.
this post was submitted on 08 Apr 2025
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This is the only strategy.
If I was smart I'd have switched my index to a global or overseas one. Then back after Tusk crashes the market. Which they did.
Have a world wide index fund. Just keep contributing. Does not matter what’s going on.
Yeah but don't touch your shit until it bounces back. Touch it now and you're selling low when you bought high.
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.
Yeah, In a normal oh dear gods we're all gonna die depression like this, t bills. T bills are not secure. Oh dear gods we're all gonna die.
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
Nope, I'm taking my shares with me to the grave. I have a lawyer agency ready to prop up my rotting corpse in every shareholders' meeting.
Viable strategy
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.
The only smart move is to bury gold around Pawnee.
First, I love you for this joke. Second, I don’t want to risk pissing off Ron Swanson.
Then bury gold in eagleton
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
Anything below the rate of inflation is losing.
Is that worth it when a normal FDIC covered savings account returns 3-5%?
6 to 10 years? What kind of risk were they taking on? I've lost about 3 months worth of value in my superannuation fund.
I'm kinda in the middle. I think so far my balance is about the same as it was 1 year ago, so I lost at least a year worth of progress. The slide is probably not over, yet, tho.
While it is an aggressive investment portfolio its not unusual or exotic in anyway, just tech heavy.
-$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.
Rainwater with pure grain alcohol, of course.
I haven't lost anything. I haven't sold anything. You only actually realize a loss if you sell. I'm far enough from retirement that I'm essentially just buying the dip right now.
So did I.
Lessons learned. Don't invest in American companies. Don't trust America.
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!
Thankfully most of my investments are in GICs (Guaranteed Investment Certificates) which are Canadian investments with a guaranteed return. Interest rates were jacked up recently and these were giving guaranteed returns of 5%+ which I thought was good enough. They've dropped to about 2.5% and I was thinking of moving more money into mutual funds. Good thing I didn't.
The only mutual fund I bought into is mostly based around US stocks. I bought in at $13.20 per unit and its now worth $12.40 per unit so a loss of $0.80 per unit. I have 800 units so that's currently a total loss of $640. At its height it was about $14.50 per unit which would have meant a total gain of $1,000. Even if the value dropped to $0 I'd still have plenty of savings so I'm not worried!
just HODL!
Or maybe let's guess how much we're gonna be losing this week! I hear there's more fun the orange stain wants to have this week.
I'm.losing another 10 for sure if not all. I need to invest in a building tour. It has to be at least 5 stories tall. Can you jump from lady liberty these days? I need something without safety nets...you know for photography. Like maybe I'll take a selfie.
Its 6 am on a Monday. I'll be going to work for another 8 hours of my life to make absolutely nothing compared with all the money I'm gonna be losing.
As long as you don't sell, you're not losing anything except perhaps your peace of mind, but that's up to you.
I'm gonna be losing nothing because I own nothing.
Don't stress too much. If you care about the money you "lost", this will likely lead to a stronger portfolio on the long run. While it's a very bad moment to sell, it is a golden moment to switch, depending on what you'd like to bet on. Even if you don't change and this gets worse, a trade war crash should pay for itself economy-wise within 10 years.
Would you rather have bad crashes for a few years and then a slow economic recovery or a safe and steady pace to the abyss of "oops now we're not the world's reserve currency" anymore? Cause with the second one you not stop being able to tax the world with inflation and no one has ever had to deal with that in the US for about 100 years.
"I'm completely broke."
"Here's some financial advice."
Oh and also, My landlady stopped paying her mortgage and defaulted so the apartment went back to the bank. so technically, not only am I broke, I'm also in a squatting living situation. Oh and I'm on several bad credit lists and will stay there because I refuse to pay a bank who charged me for existing and an ISP who didn't let me stop their services and will NEVER EVER PAY THEM no matter how many lists they put me in or how much money i have because FUCK EM.
AverageLemmyEnjoyer.jpg
I also have multiple diagnosed serious mental health conditions. :)
Yes, I am a financial consultant. I do sporadic company valuations for mid sized companies when i like the clients. Sometimes i do financial report automation.. I like understanding how money works but have no interest in accumulating the poison myself whatsoever. While i do put efforts into making money, those efforts disappear when i have enough... until i don't and then the whole cycle repeats.
Think my tracker is behind only shows me down like 5% from peak right now.
A lot of platforms only update at the end of the month. S&P 500 is down 11.54% and NASDAQ composite is down 12.5% in just the last 5 days.
Why does this kinda read like a song or a poem?
Its the new single from Taylor Swift. Now all grown up, the bank tells her the bad news. She must suffer. She can't get fat or have a family to feed because there's no money to go around. She's forced into the life of a skinny bitch. She dreams of having money for a boob job but must settle with stuffing socks in her bra. Sad, very sad.
What a touching song about her difficult life! It must be very hard when your private jet is 0.02 seconds late!