this post was submitted on 05 Apr 2025
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submitted 1 week ago* (last edited 1 week ago) by [email protected] to c/[email protected]
 

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?

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[–] [email protected] 4 points 1 week ago

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.

[–] [email protected] 22 points 1 week ago* (last edited 1 week ago) (6 children)

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.

[–] [email protected] 6 points 1 week ago (1 children)

I hope no one sells, if anything they should buy more. Assuming, and that’s a big word here, they can afford to.

[–] [email protected] 6 points 1 week ago (1 children)

the fact its crashing so hard means quite a bunch of money was already pulled out.

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[–] [email protected] 8 points 1 week ago (1 children)

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.

[–] [email protected] 2 points 1 week ago

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.

[–] [email protected] 11 points 1 week ago (2 children)

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.

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[–] [email protected] 4 points 1 week ago (1 children)

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.

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[–] [email protected] 19 points 1 week ago* (last edited 1 week ago) (1 children)

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.

[–] [email protected] 4 points 1 week ago

Ouch, baby. Very Ouch.

[–] [email protected] 17 points 1 week ago

I haven't checked. It's a long-term investment anyway.

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