How Much Have You Lost?
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 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.
I’m counting on republicans to overwhelmingly lose the mid term elections. If they maintain their majority and no one is able to challenge the agenda, then I think we’ll truly be looking at long term hard times.
Actual numbers?
Approaching a half million.
That’s from two people’s combined lifetime efforts at saving for retirement. We max out our retirement contributions and live modestly, I have a mandatory retirement age by law, and we can only hope that the markets will return our savings by then.
For the record, it’s shitty that people’s retirements are tied to the stock market.
401(k) plans never meant to be a complete retirement plan. Where does that leave future retirees?
I read somewhere and can’t find it anymore, but up to 40% of the stock market value is comprised of peoples’ retirement savings or plans.
So you can see how devastating this stock market decline could be if it gets worse, on top of all the issues with jobs it will cause.
$25k and climbing but thankfully that's pretty much all in my retirement and I'm not touching it for several more decades.
Nothing invested means nothing to lose! Never got to play the fucking game.
once the little people sell their assets for pennies, they will just bulk buy it at a bargain and reverse the shitty decisions that made it crash.
just legalized robbery-with-extra-steps.
$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.
Had $120,000 at the start of the year. Had planned to pull at the beginning of the year, I didn’t. It dropped to $100,000 by early March of I remember correctly. I moved the money into a money market account after that. Where I had the money at has tanked quite a bit more after that. Not sure when I’ll get back in yet. Yes I realize it could recover before I get back in but so far I’ve made the right decision. S&P took major hits recently.
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.
I retired early in September. I lost about 30k. I put this years Roth investment into a cd that doesn’t mature for 3 years because I knew what was coming.
It’s strange but now that I’m not working the loss bothers me less. I think I hated my job so much losing money made me feel like all that hard work and misery was futile.
Luckily, I don’t plan to live off my retirement investments for another 10 years. I reduced my cost of living by building a tiny house, and living super minimally. I live on what could qualify me for food stamps in my city. Instead I have a garden and I grow food.
I have a part time side business that pays most of my expenses and it tends to do better even with economic turmoil because it’s cheaper than buying imports. Sales are up 10% over the same time last year.
I won’t dare to look.
Underrated approach.
I lost zero because the number going down doesn’t equal the value going down. You only lose if you panic sell.
You still lose time, and are now stuck in an unprofitable investment rather than a profitable one. So you are also losing all the value you would have gained had we stayed the course instead of doing this dumb shit. Thats called opportunity cost.
You’re not wrong but they are also right. You’ve lost nothing until you’ve pulled out of the market. And unless you need that money within the next 18 months, that would be a colossally dumb thing to do. Even then I would probably advise against it.
Look up the stock market around March 2020. Huge dip then rebound to pretty much the same trajectory. As long as you left your stuff to sit, you're still doing fine. There's no reason to think the massive rebound would have still occurred without the dip.
Trying to beat the market is a waste of time. You’re not stuck in an unprofitable investment unless you’re trying to get rich quick. You invest based on your strategy and value of said investment. It isn’t just because the number goes up and down. Time in the market wins every time. Read the founder of Vanguard’s book on investing.
7% average annual growth includes dozens of market crashes and two world wars. This is not new, unique or surprising situation in any shape or form. I bet it wont take even a year untill we're back at all time high.
Well... You only lose if the value doesn't go up. A small but very important difference.
This is the perfect mantra for getting scammed. It'll always go back up, guaranteed! Just keep putting money in, you only lose if you take money out! Yes, it has worked so far, but past performance does not guarantee future results.
You’ve got two choices. 1 - continue to invest using DCA even thought the market is down.
2 - sell, move your money to a CMA or something, likely at a loss for some of it, and pay your capital gains.
Because the option you are engaging in FUD over is that the market does not come back up. My friend, if everything goes to shit in that scenario and you don’t have a pile of cash under your mattress, you’re just as fucked as everyone else. There will be a run on the banks and there will be no money for anyone. So either put stacks of $20s in the freezer or keep investing.
Well... you haven't watched the stock market or any money market enough then.
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.
Nothing because I haven't sold anything and aren't planning to either. I hold and keep buying more. Just like I did thru the previous dips.
Keep calm and hold, that is the way.
I had a trust fund of stocks and my mum said she sold them whenever a crash happened.... Why.....
Just started my retirement fund last year, so far I have lost only $4K but I was being very moderate in my investments.
Well if you can you should max it out now.
Yep, buy low. Don’t try to time it. Just buy low and DCA.
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 yearsdecade
FTFY.
I’m expecting/hoping that the hamberders do him in by then.
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!
I haven't checked. It's a long-term investment anyway.
Haven't sold the 401k, will just hold through it. In my brokerage account, I was up and had been DCAing. I lost about 1/3rd of my profits before I sold it all a few weeks ago. I'm still up overall, and was holding lots of cash in the last several years anyway because I thought we were due for a big downturn. At this rate, though, I'm not really looking to buy the dip. I'm instead planning to move my money abroad and, if I can, find a better place to live than the US.
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.
Lost a few grands, I don't have much but I was overly leveraged. Not liquidated though, so it might turn around
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.
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
I lost everything long before this, sadly. Didn't even have money to start rebuilding before the tariffs nonsense.
It all feels insurmountable. Like it was going to be hard to build it all back, but now, with the tariffs? Just feels pointless.
The number of times I cry because it took me until I was nearly forty to own a bed of my own, and to just be a few years past forty and back down to basically nothing and sleeping on a 15+ year old mattress that isn't even mine that hurts my back every night is too damn high.
I never had much, all told it was all worth maybe $2000, but it's all gone now. It all feels so petty but it was mine, the few things I had were mine, and I took good care of them. It feels like a joke that it could have all been replaced for so cheap yet I have had no options because of my cancer.
You're supposed to rotate mattresses every 3-to-6 months to even out their wear. Alternatively, you can just move the pillow to the other side to not deal with rotation. But given the age of that mattress, it'd almost certainly be healthier to sleep on your back on the floor. Can you get an air mattress? Even that'd be better than nothing.
I bought European defense stocks so I get happy whatever he says.
Jokes aside about 30k maybe? Not sold anything and I did not care enough to check. Hopefully he does not get to stay in office for another 4 years. I'll just buy more meanwhile.
Untill you sell, you haven't actually lost anything tangiable.
What I mean is that the market can absolutely bounce back once the situation is stabilized again, if you have time and resources, it might be worth riding this out.
This is not like every other time this has happened. This is happening now with no support from the rest of the world, which is usually what pulls us out.
I would forget about any owned stocks and focus on real life for what will probably be a decent amount of time.
Not a penny. I dumped my meager stocks in November and I shit you not rolled them over into a bunch of nonperishable food
I'm in the middle of closing on a house. I'll let you know in 5 years.
Aren't the stock markets supposed to recover from a crisis like this, as they always did in the past?
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.
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.
Literally every single time this far it has but the people who don't even invest are saying this time might be different.
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?
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.
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.
i am just starting on a fresh 401k account, i guess i got lucky, but people with decades worth of contributions must be swearing bullets
I'm swearing more than just bullets.
$155k, and it could have been worse.
Don't sell is my advice. Maybe it will take some time but the market will recover one day. The next peak will be bigger than the last, and the next and the next. If you zoom out you will see a steady line up. So sit down, and stop checking your account.
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
Since I'm not american, nothing that I know of
Oh, the rest of the world is definitely feeling the ripples.
About a year’s salary.
Technically none, as nothing has realised yet. :P
Down 14% since the start of March
I'm down $7k, so far.
I should have bailed early, but the tax hit would have been just as bad.
If you think you should have bailed then you shouldn’t be investing
In what world is a tax hit just as bad? If you're having to pay taxes, you made money.
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.
Nothing because I am a poor and don’t have stock
I've never even owned stocks.
My personal history of owning individual stocks has been very disappointing. If you ever decide you want to invest in the equity market, I recommend exchange traded funds (ETFs) that follow an index and have a really low expense ratio. My favorite exchange traded funds are VT, VTI, VTV, VXUS, BND, and BNDX. VBR may be a good one if you ever want exposure to smaller companies.
Mutual funds are another option, similar to ETFs.
My entire account is down 22% so it hurts a lot.
Im also not sure if I should sell. Under normal circumstances, I wouldnt. But now we are seeing another 4 years of Trump, and his strategy is about intentionally causing a depression. Its not normal days on the stock market, thats for sure.
Who can stop him?
Certainly don't sell now. You'll soon be seeing the combined pressure of the moneyed on Trump, and he's nothing if not chaotic anyway. "Strategy" is just what he calls his whim of the moment. This may not be the end of the dip yet, but the whole tariff scheme will fall apart and stocks will rally. You could, without touching anything right now, take a look at the stocks that your fund is made of, and see if you want to make changes for ethical or practical reasons, so you're ready to do so on the upswing. But let the big money investors throw their weight around first.
I'm planning to just keep buying more as he causes further declines, to my ability to do so that is.
Quite a bit but I'm not gonna sell, most of it is in retirement accounts anyway
I just want everyone to survive this
I moved my stocks into non-US bonds and GICs when the first round of tariffs against us (Canada) happened. At this point I think it'd be a terrible idea to jump ship because you'll realize that loss.
I have only a couple investments still open, pulled nearly everything the day after election. Still down ~4,500
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.
At about 10k or so
My portfolio went down 1200 this Friday, 3000 since April started.
About $10k, plus $12k in taxes :(
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.
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
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.
One, because he became a militant asshole who started not respecting boundaries.
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...
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 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?
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).
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?
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 confused 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?
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.
Edit: not to mention, the remaining value is now worth 30% less due to instant tariff inflation on the price of goods
Yep.
Real money that someone (other than you) now has.
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.
Found the apologist!
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.
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.