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?
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!
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.
God Lemmy is a shit hole now
I’m glad you’re losing money
Ya cuz of people like you
mirror!!!4!4
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.
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
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.
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.
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.
My portfolio went down 1200 this Friday, 3000 since April started.
Not much yet this time, but in the last crash half the 401k disappeared. It crawled back over time though. Not sure I have enough time for that to happen again.
Lemmy wants to eat the rich and wants rich people to lose all their wealth. They should be celebrating.
Unless of course…most of Lemmy is actually what most people would consider rich. Hmmm…
But rich people, on the whole, cope better with economic downturns because they have more resources to play with and aren’t living paycheck to paycheck.
So why would the mulch the rich crowd be celebrating?
So why would the mulch the rich crowd be celebrating?
Because they know they aren’t “losing” money in the market because they aren’t selling like panic buyers are. lol They are buying.
Buy the dips. Sell when high. That’s how they stay rich. They are laughing at you right now
I think we understand “mulch the rich crowd” very differently.
Yeah? So explain the differences.
My use of the “Mulch the rich crowd” as people who will, at least (or perhaps at most) express the desire to grind up billionaires, or maybe millionaires into more useful biomass, such as mulch for their vegetable garden or community allotment.
You used it seemingly as a term for “people with lots of money and investments” thus able not only to not sell to keep up with cost of living increases, but also buy up things sold by those who needed to liquidate assets to keep themselves afloat.
Now, they may not be mutually exclusive circles - but the overlap would be neither informative nor relevant to the point.
For instance if someone is talking about birds and mentions a quality of vertebrates, and you come in with “and vertebrates can breathe underwater!” because fish are vertebrates and you are very clever.
My use of the “Mulch the rich crowd” as people who will, at least (or perhaps at most) express the desire to grind up billionaires, or maybe millionaires into more useful biomass, such as mulch for their vegetable garden or community allotment.
Seems to be happening today! How come no celebration? I remember seeing Lemmy posts where people wanted to see wall street burn to the ground! Then it’d get hundreds of upvotes. What happened? Where’s that crowd?! lol
Here’s the real reason, IMHO: Because for all of the anti-wall street talk, and the anti-wealth talk, the fact is that Lemmy users on average make more than most americans. So when shit like what’s happening happens, it actually affects them. The very fact that there are so many Lemmy’s worried about their stocks shows that they are the part of the very crowd the like to see destroyed. It was all for upvotes.
Reality hits different.
Now as much as I would love to see this continue to happen. And Lemmy actually be as poor in reality as they pretend to be, I know the market dip won’t last. No millionares are gonna lose their status. All the crying Lemmys who are making $100K a year will be just fine, and they’ll continue acting like they make $15K a year and then watch their stocks rise in between fake justice warrior postings.
So yeah, I am fucking loving the news. Loving what is happening. And I think people are getting exactly what they deserve.
Also, I’m already poor. The wall street news hasn’t changed my life at all. No one tiny bit. Except that my little extra fun money is now being used on buying stock and crypto cuz it’s all cheap! lmao
Except that my little extra fun money is now being used on buying stock and crypto cuz it’s all cheap! lmao
And I was right when I said that. Cuz I now market is getting back up. This is awesome
Apart from Luigi, who is mulching/has muclh4d b/millionnaires recently? I must have missed that news item.
Hope your crypto investments work out better this time. Maybe lean on the stocks a little more.
P. S. I think that there’s a wide continuum of posters. It’s not all one guy with one ideology and 100,000 accounts.
60% of americans own stocks. It affects far more than “the rich”
Sure, but the majority of the poor who democrats and Lemmy portray themselves to care so much about, do not own stocks.
And I have seen plenty of Lemmy posters decry the stock market and wish it would go away. Plenty of hate for wall street and the money makers.
So something bad happens to wall mart, and now Lemmy is mad. So maybe you can explain the discrepancy to me.
Doesn’t Lemmy want to watch Wall Street and the Stock Market burn down?
And on the flip side, does Lemmy think this stock market slump will last forever and never come back, so that money is gone forever?
OR will the market come back in a bit, the rich who buy all the cheap stocks and didn’t panic-sell, will get richer and then Lemmy will yell about how the lowlife dregs of humanity who are rich capitalized on it all and actually made more money? (Hint: This is what will happen. Please save my comment so we can revist it for proof)
And my last point is true, then wouldn’t it be better to just do what the rich do, not sell, and buy now? So you can profit as well?
My entire point is that Lemmy seems confuse about what they should be mad about. Do you want to see Wall Street collapse or not? Is this a sign of the Wall Street collapse or not?
https://en.m.wikipedia.org/wiki/Sealioning
Sealioning (also sea-lioning and sea lioning) is a type of trolling or harassment that consists of pursuing people with relentless requests for evidence, often tangential or previously addressed, while maintaining a pretense of civility and sincerity (“I’m just trying to have a debate”), and feigning ignorance of the subject matter.[5][6][7][8] It may take the form of “incessant, bad-faith invitations to engage in debate”,[9]
The sealioner feigns ignorance and politeness while making relentless demands for answers and evidence (while often ignoring or sidestepping any evidence the target has already presented), under the guise of “just trying to have a debate”,[5][6][8][11] so that when the target is eventually provoked into an angry response, the sealioner can act as the aggrieved party, and the target presented as closed-minded and unreasonable.[7][12][13] Another maneuver of sealioning is the “Just Asking Questions” tactic, which frames false or misleading statements in the form of questions.[14][15] Sealioning has been described as “incessant, bad-faith invitations to engage in debate”.[9] Sealioning can be performed by an individual or by a group acting in concert.[16]
That has nothing to do with anything I said though.
I mean this sucks for people who are already retired, people who were about to retire, and people who weren’t watching their trades or paying any sort of attention. I personally haven’t been effected that much just yet. Just usually if you were to do this sort of thing you’d set out like a 10 year plan you sign into law rather than this that causes harm.
In the past I would have cheered this. But I am wiser now and know that unless the stock market is being abolished the rich can lose 99% of their wealth and be fine while everyone else drops dead. Your assumptions are ill informed and draw correlations to conclusions that only make sense in small scopes. Almost as if you’re just saying divisive stuff. Hmm…
I mean this sucks for people who are already retired
Meh, I am already retired and doesn’t suck for me. Now for people who were just about to take out a big chunk and sell it all, yeah, the timing sucks.
But unless you are planning on selling right now, all good. The market will come back. And most rich people are actually buying up stock right now and laughing at the panic sellers. This happens every single dip.
Almost as if you’re just saying divisive stuff. Hmm…
Just because I say something divisive, doesn’t mean I’m doing it on purpose. You do realize that some people just have different opinions than you, right? Hence the election results.
My point being, not everything is a trick or troll statement. I believe what I said; in spite of you finding it divisive, not because it’s divisive.
For the record, my gf totally disagrees with me, and is making the really really silly mistake of panic selling. Even tho I showed her facts and historical context. She’s making a huge mistake. And I’m sure I’ll hear all about it when the market comes back up and I profit (small, but still profit).
i don’t even have the right to retire anymore… am i supposed to be sad for the people who wanted fascism to happen the most?
Yes, way I see it, a lot of these people might just be alright as long as the democratic and social wellbeing propaganda is flooding the airwaves. But guess what’s flooding the airwaves right now. I think that societies that actually take the steps to install correct social safety nets like healthcare and the like actually do step into the light. I think the fix is so simple that hundreds of billions have to be spent to suppress and spin so it doesnt happen.
So you should feel bad, for everything. This place could be so bitchin’, but its not. The solutions are mystical or unknown or out of reach for mankind. They’re locked away and obscured because very powerful people want it this way. And I’m not talking about some absolute utopia being possible, what I mean is it doesnt have to be this stressful and crushing all the time. But the only way we get there as The People is if we spark, force, and maintain the change ourselves and agree on it by looking at available data. Unfortunately all that data shows that everything American Moguls love makes everything suck. So we arrive back at my first paragraph.
/rant
i mostly agree, except we can want a better world while simultaneously being frustrated with the people standing on the way of it.
Yeah and I guess I just want to believe that most people aren’t this bad or can be ‘saved’ in a way. But thats in no way fact and I need to remember that.
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.
At about 10k or so
Technically none, as nothing has realised yet. :P
Down 14% since the start of March
deleted by creator
I haven’t sold, so none. I’m going to buy a bit more. Even if it goes down I can still get dividends and borrow against it rather than selling if i need
$155k, and it could have been worse.
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.
Nothing and neither did you. Numbers on a screen aren’t anything more than a suggestion until it’s cash in your hand.
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.
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.
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.
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.
About a year’s salary.
