this post was submitted on 09 Apr 2025

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851

Millennials surviving their 4th 'once in a lifetime' crash (lemmy.world)

submitted 1 month ago by [email protected] to c/[email protected]

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[–] [email protected] 33 points 1 month ago (1 children)

more like

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[–] [email protected] 7 points 1 month ago

Throw gen z in there. We start at 1997

[–] [email protected] 52 points 1 month ago

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

ITS ENOUGH SLICES

[–] [email protected] 12 points 1 month ago (3 children)

Meanwhile, genx:

[–] [email protected] 11 points 1 month ago (4 children)

Yeah kinda. We've gone through everything that the Millennials have plus some.

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[–] [email protected] 2 points 1 month ago* (last edited 1 month ago)

I contemplate the moment in the market, the idea of allowing your own crucifixion.

[–] [email protected] 36 points 1 month ago (19 children)

Remember the 80s recession? GenX remembers.

[–] [email protected] 21 points 1 month ago (1 children)

Millenials born in late 80s or early 90s may not remember but it could still have affected their childhood.

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[–] [email protected] 26 points 1 month ago (1 children)

You should expect about one recession every 5-10 years.

They are all "once in a lifetime" in their own way if you want to sell news headlines.

[–] [email protected] 10 points 1 month ago (1 children)

The covid one is really the only one that really stands out as being a unique naturally caused crash, but what makes it most unique isn't the market stuff at all.

This one has been just waiting to happen for a while, but this one being intentionally caused is fairly unique, I guess.

The size of the dotcom + great recession combined is fairly unique, making immediately before the dotcom bust one of the worst times you could have retired in the US since at least the great depression. But that doesn't affect millennials directly and it's the affect of two back to make crashes.

[–] [email protected] 4 points 1 month ago* (last edited 1 month ago) (7 children)

Yeah, the Trump Recession (we hope not a full-blown depression) will have been uniquely caused as well. Definitely one for the history books.

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

I’m gonna get fired for being room temperature one day.

[–] [email protected] 3 points 1 month ago (2 children)

We are in the "hard times create hard men" part of the cycle.

[–] [email protected] 6 points 1 month ago* (last edited 1 month ago)

Hard non-binary persons, mind you!

And if they wear furry suits it’s because they’re harder!

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[–] [email protected] 116 points 1 month ago (4 children)

Kinda sucks having a generation of spoiled narcissists in charge tbh.

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[+] [email protected] -17 points 1 month ago* (last edited 1 month ago) (2 children)

I've learned from being an adult through four crashes.

My portfolio has literally done better this month than any month in its history. 🤷

Edit: doubt or hate all you want lmao. Not here to argue.

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

The last three years have produced some of the most outrageously good returns in the market's history. Like, throw your money in the S&P and get 25% ROI any-idiot-can-get-rich levels of good returns.

What the hell have you done with your portfolio that you missed all of it?

[–] [email protected] 1 points 1 month ago

Who said I missed it??

I'm doing exceptionally well this month.

[–] [email protected] 4 points 1 month ago* (last edited 1 month ago) (2 children)

Maybe they've just put everything into those 5x short s&p500 ETFs

[–] [email protected] 1 points 1 month ago

I mean, if you were bearish in 2023 I couldn't really blame you. But shorting is an expensive hobby.

[–] [email protected] 3 points 1 month ago* (last edited 1 month ago)

Not everything. But yeah, I used them to buffer damage my portfolio would have otherwise taken, and then made aggressive puts against highly volatile stocks like RDDT and DJT. Bought dumb sounding options for pennies, selling them for dollars.

[–] [email protected] 17 points 1 month ago (2 children)

Press X to doubt

[–] [email protected] 3 points 1 month ago* (last edited 1 month ago)

lol ok not here to argue or prove anything.

Today's not looking good because Donnie is giving a talk and DJT is getting another bounce, but if it sinks back below $15 before May, I'll cash in another ~$10k.

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

I believe it.

The lesson I learned growing up in the 2008 crash, and hearing about the dotcom bubble, is “the finance guys will screw something up, they can’t help themselves.” Hence I have a small, long term short against the Russel 3000 in my portfolio to “counterbalance” random whole market nonsense. Not as extreme as OP, but I can totally see someone being cynical and shorting a lot at the start of the year.

[–] [email protected] 8 points 1 month ago* (last edited 1 month ago) (1 children)

Prior to inauguration day, I balanced my portfolio to favor bets against the s&p 500 (SQQQ, TSLZ, SPXS, ...)

I kept enough of my exposure to the s&p 500 to not be an idiot here. Basically while the s&p went down $1, I went up about $1.25. and also the opposite.

Then, as my assumptions appeared correct, I starting making aggressive puts against DJT, RDDT, and many others. Employing a common bear market technique referred to as "shopping for lottery tickets."

But whatever, haters gonna hate. :)

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

TSLZ

Heh, I wouldn't have done this. I figured Musk would just prop up the stock from the White House, but I underestimated everything.

But whatever, haters gonna hate. :)

That's how Lemmy be.

I suspect downvotes could be for simply being in the stock market, and coming out on top, not just doubt that you did. A kinda "you capitalist pig" sentiment. Which is understandable, but...

[–] [email protected] 4 points 1 month ago* (last edited 1 month ago) (1 children)

No doubt he (Elon) has (propped up the stock from the white house), and is. TSLZ has been a wild ride. But every time I consider getting off that roller coaster I just say "nah. Fuck him." And let it ride. I only put $1000 in TSLZ and that's like $2500 now I think. Idgaf if I lose all that; that's now a principal investment :)

And yeah you probably right. But anybody who has a full time job and a 401k is out here mindlessly investing in TSLA through their 401k, I'm out here trying to take money out of Elons bank.

And to those that don't have a full-time job and are, I guess for lack of a better word, otherwise envious...

I built my own stock portfolio on ~$20 a week out of a part time check from a brewery, starting in 2009. Y'all can do the same (well actually, we'll see...). Vote with your dollar, etc.

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

Vote with your dollar, etc.

100%.

I'm in the Warren Buffet/sorta Motley Fool camp on small time, long term stock holding in a few companies you see doing good things, putting in bit by bit.

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

I sorta was this was, but COVID wrecked my gains because I failed to exit. This time I swore to myself I wouldn't let it happen again.

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[–] [email protected] 59 points 1 month ago (5 children)

Can we take a break from daily historic events a little bit?

[–] [email protected] 54 points 1 month ago (1 children)

[–] [email protected] 31 points 1 month ago (1 children)

So now we're on to "decades where centuries happen." :/

[–] [email protected] 16 points 1 month ago* (last edited 1 month ago)

This isn't the first time in the last century we've had a big economic crash and a wave of anti-immigrant sentiment cresting into a paramilitary response. Hoover's Great Depression and the OG Immigration Quotas system, Eisenhower and Operation Wetback along with the Recessions of '53 and '58, Nixon's Stagflation and border closure with Mexico, Reagan's S&L crash and closing the border with Mexico, Bush Jr's Great Recession and border crisis...