Ask Lemmy
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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
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.
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?
The middle class aren't the problem. Lol. Shouldn't you be on hexbear?
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...
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?
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).
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
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.
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.
Of course, I'm just being a bit dramatic to make my point, because you have to admit that Lemmy DOES skew one way heavily. The vast vast majority of Lemmy leans left.
So far. More and more people are coming on every day. So it may even out.
But even regarding our growth, I see lots of posts saying that people should be banned if they are conservative.
And yeah, my crypto worked out awesome last time, and will this time. But I don't invest a lot in either crypto or stocks.
I only invest what I can afford to lose. Which is why I never panic when market dips happen.
It seems mostly centre left, with a strong added helping of either liberterianism/anti-authoritiatianism or tankie, that's certainly true.
You're right, that there are smug keyboard warrior types, like those who were delighted that Thailand or Vietnam sentenced that female millionaire to death while letting the men involved off. I took umbrage with them. It wasn't revolutionary, it was sexism and maintaining the status quo.
You have the right idea with investing, too - if its something one wants to do. Provided you can keep earning enough to not need to sell unplanned. Follow the market, but don't let panic take over. Good luck with it all.
I truly wish there were more here with your outlook. Seems like so many here lately have been doomscrolling and just wanna lash out and base their entire identity on politics.
I still like it here better than Reddit, but ugh, hopefully Lemmy can stop being so hateful. I am on both Reddit and Lemmy, and Reddit doesn't seem to be as personal about it's hate and insults like Lemmy is sometimes.
But yeah, in the end, we're all gonna make it, brother. Some people just need to go outside more to realize it. lol
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