How about you? How much did you loose? Don’t worry mate! Charles is here to help!
Cant lose anything if you dont have stocks.
I lost 6 to 10 years of my retirement last week!
Submitted 5 days ago by werefreeatlast@lemmy.world to [deleted]
https://lemmy.world/pictrs/image/c866825f-ea08-4478-9e77-827aa1569b97.png
Comments
unexposedhazard@discuss.tchncs.de 5 days ago
bluespin@lemmy.world 5 days ago
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 iis worth or not
unexposedhazard@discuss.tchncs.de 5 days ago
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.
greybeard@lemm.ee 5 days ago
Anything below the rate of inflation is losing.
MangoPenguin@lemmy.blahaj.zone 4 days ago
Is that worth it when a normal savings account returns 3-5%?
4grams@awful.systems 5 days ago
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.
explodicle@sh.itjust.works 5 days ago
The only smart move is to bury gold around Pawnee.
4grams@awful.systems 5 days ago
First, I love you for this joke. Second, I don’t want to risk pissing off Ron Swanson.
FlexibleToast@lemmy.world 5 days ago
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.
knacht1@lemmy.world 5 days ago
-$150,000
werefreeatlast@lemmy.world 5 days ago
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.
ZombiFrancis@sh.itjust.works 5 days ago
Rainwater with pure grain alcohol, of course.
hazypenguin@feddit.nl 5 days ago
So did I.
Lessons learned. Don’t invest in American companies. Don’t trust America.
ImplyingImplications@lemmy.ca 5 days ago
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!
werefreeatlast@lemmy.world 5 days ago
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!
CurlyWurlies4All@slrpnk.net 4 days ago
6 to 10 years? What kind of risk were they taking on? I’ve lost about 3 months worth.
bss03@infosec.pub 4 days ago
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.
werefreeatlast@lemmy.world 4 days ago
While it is an aggressive investment portfolio its not unusual or exotic in anyway, just tech heavy.
werefreeatlast@lemmy.world 5 days ago
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.
werefreeatlast@lemmy.world 5 days ago
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.
Pudutr0n@feddit.cl 5 days ago
As long as you don’t sell, you’re not losing anything except perhaps your peace of mind, but that’s up to you.
Pudutr0n@feddit.cl 5 days ago
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.
explodicle@sh.itjust.works 5 days ago
“I’m completely broke.”
“Here’s some financial advice.”
viscacha@feddit.org 5 days ago
just HODL!
phdepressed@sh.itjust.works 5 days ago
Think my tracker is behind only shows me down like 5% from peak right now.
sinceasdf@lemmy.world 5 days ago
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.
hungryphrog@lemmy.blahaj.zone 4 days ago
Why does this kinda read like a song or a poem?
werefreeatlast@lemmy.world 4 days ago
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.
hungryphrog@lemmy.blahaj.zone 4 days ago
What a touching song about her difficult life! It must be very hard when your private jet is 0.02 seconds late!
Lemmyoutofhere@lemmy.ca 5 days ago
You only lose if you sell. So I haven’t lost anything.
Landless2029@lemmy.world 5 days ago
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.
Lemmyoutofhere@lemmy.ca 5 days ago
Have a world wide index fund. Just keep contributing. Does not matter what’s going on.
grue@lemmy.world 5 days ago
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.
HeyThisIsntTheYMCA@lemmy.world 4 days ago
Yeah, I’m 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.
GoodOleAmerika@lemmy.world 4 days ago
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
PyroNeurosis@lemmy.blahaj.zone 4 days ago
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.
And009@lemmynsfw.com 5 days ago
Viable strategy