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?

  • CanadaPlus
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    16 hours ago

    You make it sound mandatory. Every financial literacy thing will tell you not to panic sell.

    • ☂️-@lemmy.ml
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      16 hours ago

      not everyone has good financial education, and not everyone can afford to lose so much money when they are currently living off it.

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        16 hours ago

        Yep. Poverty sucks. If you can’t afford a portfolio you won’t be affected, though.

        Vulnerable people giving away money without googling it first is a thing that happens, but that’s not exactly a conspiracy either.

        • ☂️-@lemmy.ml
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          16 hours ago

          thats sometimes peoples life savings. not that this makes me specially sad, but isn’t a lot of retirement schemes in the US tied to the stock market?

          • CanadaPlus
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            15 hours ago

            Yes and no. With investments, there’s a tradeoff between volatility (how much it grows and shrinks) and average growth rate over the long term. If you’re getting old you really should switch to something less volatile.

            I’m young and can just wait this out, so I’m invested in (all non-US, thankfully) stocks, which are high-volatility. That’s fine. If I was 60 I’d have moved most or all of my stuff out.

            (I should mention that I’m actually below the poverty line myself income-wise, and I’m still on team eat-the-rich, plz don’t hate me)