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And it looks like a lot of other people did.
Why?
Inflation concerns, rise of prices, and fears of what crazy plan Biden's babysitters will think of next.
Who needs money to take care of myself since I'm unable to work? Living comfortably is overrated.
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You did this same thread a few months ago, then we hit all time highs. I asked you to revisit the topic and you never came back. Your financial advisor should have told you not to concern yourself with day to day gains and losses. Either way, we don’t need a new thread every time your portfolio tanks, if it’s too volatile for you then you need to talk with your advisor to move it into more conservative investing devices.
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(05-12-2021, 10:31 PM)Au165 Wrote: You did this same thread a few months ago, then we hit all time highs. I asked you to revisit the topic and you never came back. Your financial advisor should have told you not to concern yourself with day to day gains and losses. Either way, we don’t need a new thread every time your portfolio tanks, if it’s too volatile for you then you need to talk with your advisor to move it into more conservative investing devices.
Entirely different circumstances.
We didn't have a president causing inflation like this or driving up prices.
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Markets rise and fall. That's capitalism.
Wait a week and there will be highs again.
If you're concerned about long-term safety with 0 risk, consider socialism. The rich get taxed to offset the costs of those who can't work or who can't afford to live off what they're paid.
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Under over on Brad stock market threads over the next 3.66 years?
9.5?
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Brad, you don't gain or earn money until you sell. Then the price difference between your purchase and sell price determine how much you made or lost. Everything in between is virtual. The only way you lose money is in dividends, and that isn't necessarily tied to stock price.
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I killed a possum with a stick once.
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Work harder. Sell your iPhone. Something something bootstraps.
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(05-13-2021, 12:20 AM)Sociopathicsteelerfan Wrote: Brad, you don't gain or earn money until you sell. Then the price difference between your purchase and sell price determine how much you made or lost. Everything in between is virtual. The only way you lose money is in dividends, and that isn't necessarily tied to stock price.
Yep - I hear this a lot. People complain they lost money in the stock market. Ummm..... unless you sold it for less than what you paid for it, you haven't lost anything. Makes me cringe when people panic on their 401k's after it goes down 20-30% and they move it to something safer. Depending on the investor's thinking, this is actually the best time to keep adding cash or dividend reinvestment into it instead of moving it. Yet, age and other things factor heavily on the decision and even then, horrible time to move.
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I'm actually not in the know about the stock market but I assume when a republican is in office 100% of investors make money every day?
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(05-12-2021, 10:18 PM)BFritz21 Wrote: And it looks like a lot of other people did.
Why?
Inflation concerns, rise of prices, and fears of what crazy plan Biden's babysitters will think of next.
Who needs money to take care of myself since I'm unable to work? Living comfortably is overrated.
Capitalism is a very fickle beast. The Lord giveth and the Lord taketh away.
It's a shame that your ability to live comfortably is based on the whims of the ultra wealthy and the (often panicky) reactions of those around you.
It's still surprising to me that someone in your position wouldn't want a more socialized system that protects the vulnerable from spikes and valleys of the stock market.
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Side note, I actually make songwriting and performance royalties from dumbass kids using my songs (well mostly one dumb song) on tiktok and Trump tried to have the app banned. Why does he hate my hard work?
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You seem to be the only one here to give economics stands AND lose a lot of money on regular basis.
Maybe it's not Biden ...
And again I say unto you, It is easier for a camel to go through the eye of a needle, than for a rich man to enter into the kingdom of God.
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(05-13-2021, 10:21 AM)Crazyjdawg Wrote: Capitalism is a very fickle beast. The Lord giveth and the Lord taketh away.
It's a shame that your ability to live comfortably is based on the whims of the ultra wealthy and the (often panicky) reactions of those around you.
It's still surprising to me that someone in your position wouldn't want a more socialized system that protects the vulnerable from spikes and valleys of the stock market.
Because everyone suffers under more socialized programs.
I'll take some on the chin if it means what made this country great: people taking chances, great minds producing new things, and not relying on handouts.
(05-13-2021, 12:24 PM)Arturo Bandini Wrote: You seem to be the only one here to give economics stands AND lose a lot of money on regular basis.
Maybe it's not Biden ...
I was over a million with Trump and then, even with Covid, and then dropped below when Biden came in.
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You have a million bucks?
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(05-13-2021, 01:34 PM)Nately120 Wrote: You have a million bucks?
Not anymore apparently 
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Hard times for hard workers ...
And again I say unto you, It is easier for a camel to go through the eye of a needle, than for a rich man to enter into the kingdom of God.
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If I was a millionnaire, I'm not sure I would care about minor losses on a such short time span.
And I'm not sure I would try to sell calendars on sports board to make some more bucks.
I'm so lazy.
And again I say unto you, It is easier for a camel to go through the eye of a needle, than for a rich man to enter into the kingdom of God.
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