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 a year’s salary.
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
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.
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.
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.
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.
$155k, and it could have been worse.
