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u/Mental-Crow-5929 1d ago
The irony is that:
1) your saving depends on the stock market, a rich can afford a loss, your dad probably doesn't
2) in time of recession the rich get richer because they are capable of buying for cheap all the companies that are struggling (so they end up consolidating wealth in fewer hands).
So yeah this is basically poor people thinking they'll finally get a W while taking another L.
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u/Trap_Masters 23h ago
It's painful watching these people act so confidently wrong thinking they're somehow getting a win over the billionaires. Financial literacy is at an all time low if this is how the average American is reacting to all the recent news of tariffs, markets and economy.
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u/Realistic-Pain-7126 22h ago
But... but the libs are getting owned, who cares if grocery store prices go up?
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u/The_Susmariner 23h ago edited 23h ago
This is a bit more complex than you're making it out to be (don't get me wrong, I have no idea what is going to happen, could blow up in our faces).
We can talk all day about the negatives, but you've got some countries removing their tariffs, you actually do have some manufacturers making moves to bring business back (and a ton more promising to do that but we'll see if they make good on it), you've got positive job numbers for Q1 (though this is backward looking and so it is not going to have a big impact on the market, inflation is down though predictions of future inflation remain relatively stalwart due to the uncertainty.
I'm worried because there's a lot of uncertainty. But I'm going to give this more time before I jump on the doomer pile. And as always, I think anyone (even when Trump did this several times) who messages things, in a way that seems to only rely on the stock market, is making a massive massive mistake. Because the stock market is complex and has decoupled in many ways from the financial health of the average American.
For the record, something like 60% of Americans are invested in the stock market, and something like 35% are considered heavily invested based on their annual income. It's not a meaningless statistic, but it's also not like everyone will take the same hit off of this thing. The people I feel the worst for are those who were close to retirement right now.
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u/zchen86 20h ago
I think there are some delusion about bringing manufacturer back to US. The ideal situation people were hoping for is we bring manufacturers back in US and that will bring jobs back and built a strong middle class, but that's not likely to happen. Unless the rest of the world stop trading with each other, American made items will not be able to compete on price. American manufacturers will have rely solely on the American market, a market that is likely to go into recession because of the price increases. I am not 100% against tariffs, but the current way they're doing it ain't it.
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u/KansasZou 19h ago
This is accurate and I’m 100% against America using tariffs. The price of everything will go up even if all the jobs come back. You’ll work similar (or worse jobs if they aren’t taken by automation) and will be able to afford less than you already can.
Here’s the catch: if people wanted to pay higher prices for American products, they would already be doing it.
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u/zchen86 19h ago
Exactly, people who think they want to industrialize America don't know how it is to live in an industrialize country, living condition sucks for the poor in china. The only ones benefiting are the one running the business. If we have government involved to make sure working and living conditions are good, our products price won't be attractive in the global market.
I think America benefited greatly from trade, and the trade deficit isn't as bad as both parties making it out to be.
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u/KansasZou 19h ago
I agree. People seem to forget that we got rid of those jobs on purpose. It’s not because we don’t think they’re important, but rather that we aren’t willing to work for those wages anymore as we’ve progressed in technology and living standards.
I’m not in a huge rush to bring back jobs with suicide nets on the roof because people would have such tight living restrictions.
Nothing about this is an improvement. The theoretical idea is that we need to be independent. That makes sense for basic living aspects, but not beyond that.
That’s literally why we use money. If we all thought full independence was best, we would never buy anything and just learn to build it all ourselves instead.
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u/The_Susmariner 19h ago
Well, that's part of the problem is that no one can actually figure out why the tariffs are being used in the way they are.
It's pretty much like a "trust me bro" from the government. Something is happening. It's mixed positive and negative news like every day. I was willing to see Joe Biden out. Now I'm willing to see Trump out. But I have no frigging idea what the end game is here. I thought I knew. But I don't.
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u/VERMINaTaS 19h ago
Do you realize the reason we outsourced in America is because demand for American goods fell off a cliff? Our prices kept rising and the world stopped buying our goods. Do you think people will buy a GPU from the US for 3,000 dollars, when China is selling the same one for 400$? So many people look at the past like it was a conspiracy by big businesses, rather than supply and demand driving change in the US.
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u/The_Susmariner 18h ago
I agree with you, yeah. We outsourced from America because it was cheaper.
My whole thing with this, as I've said in other comments, is that the government is doing a huge "trust me bro" right now. I can't figure out why we are doing things the way we are, and it seems like a mixed bag of economic news almost every day 🤣
That's why the stock market is in free fall as best I can tell, is because no one knows what the end goal is. Could turn out to be a big steaming pile by the end of the year, and it could turn out to have been the right move. It's impossible for me to tell right now, so I'm waiting it out and will know my opinion on this thing better in a few months when I see more of the impacts.
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u/unhappy-ending 17h ago
Man, this is so refreshing. I like this wait and see approach before frothing at the mouth one way or another.
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u/MrPinkleston 18h ago
How dare you have a level headed take!!
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u/The_Susmariner 18h ago
I can afford to have a level-headed take because I don't have to retire right now, and because I've been very frugal.
It's a complex situation for sure.
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u/you_the_big_dumb 13h ago
Lol your financial literacy is minimal.
If your short term financial success is dependent on stock not going down... that's on you. If you want prices to go down you need a recession to reset the over inflated markets.
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u/ArchieGriffs 50m ago
The top 1% of Americans own 50% of the stocks, those same 1% favor increased consumption and for the prices of foreign imports of things like consumer electronics, for those distractions and diversions to be more tempting, and economically viable than long term purchases like homes.
A shakeup was needed, or else the stock market will continue to incentivize a service based economy that only consumes, that brings less money in than it consumes.
Your parent's retirement funds being wiped out, or your future being wiped out when we are no longer capable of paying of our 34+ trillion deficit and we resort to printing money (inflation) to pay off our debt those were the two options we were presented this election, it's clear what the better outcome was for the long-term health of the country.
People like to complain about Trumps economic plan, but are completely ignoring the fact that Kamala would have used the exact same economic advisors that Biden did, and they'd continue to pretend inflation didn't exist whilst continuing to utilize it and not do anything to pay off the debt.
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u/Oofric_Stormcloak 19h ago
Trump says it's a W so these people will think it's a W while he fucks them. Welcome to the cult.
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u/Blxter 1d ago edited 23h ago
I agree as a 24 year old who has grinded and saved almost everything I earn and invest in the future (I'm talking stocks and such even a small house) I am feeling like I did all of this for nothing and would have been better living at home while working and just put shit in a savings account or just buying everything I wanted instead of putting it away for the future.
Edit: don't mean to sound complaining I am very fortunate to have made it as far as I have at so young I just don't understand... Stocks or finicials n stuff so when I see the money I put into investments drop off alot I get into my head and start tripple thinking decisions I have made etc no I don't plan on selling etc
Edit 2: you know what I don't care if I sound like I'm complaining or mad I am... not including my employee stock purchases, 401K and such I have invested a little over 17K with a investment firm thing because as I said I don't know shit about investing and such and tbh don't really want to do it myself and I am down over 2K dollars in total that's a lot of money for me that's a whole month payment on my mortgage. That money in my head is gone it's like I spent 2K on bull shit I will never get sure it will probably go back up in some time but it's incredibly frustrating to see.
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u/Bubble_Heads 1d ago
It's a short term dip so far, chill.
If it takes ages to recover we can talk.But for now, why not double down and take the huge opportunity to grab stocks cheaply?
That's SO perfect for someone so young, it's the best thing you can have happen long-term if you get a window of cheap stocks. Use it.10
u/DominusTitus 1d ago
Yeah I thought the general rule for stocks was "buy low, sell high"? If the markets are down everywhere, wouldn't this be a prime opportunity to buy it up?
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u/anusfarter 1d ago
No, because the retarded decision that sparked the drop (blanket tariffs on the entire planet) hasn't been reversed. If you buy now, you will lose money tomorrow. Nobody knows when this collapse in prices is going to slow down or stop. It would be smart to buy when things bottom out, but nobody knows what that bottom is or when we'll get there.
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u/UptownBoyDowntownCat 22h ago
That's trying to time the market and most people who do that lose money. Buy diversified and hold for decades is the best rule for anyone who isn't an economist.
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u/P0G0J0J0 23h ago
Sadly we don't know if this is the bottom
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u/Bubble_Heads 21h ago
Doesnt matter.
If you buy stocks once a month over a long timespan a downwards movement that one day turns is a good opportunity.Keep buying monthly and this will be the time you accumulated more stocks than you usually did for the same money.
It doesn't need to be the bottom, if it goes further down just keep on buying.14
u/CptJacksp 1d ago
Wait, you’re 24 and have a small house and are complaining? I have a house too but I feel fortunate to have one
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u/Blxter 1d ago
Not necessarily complaining just saying I see people here jumping with joy and it's annoying I guess
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u/RagingElbaboon 1d ago
Bro you have every right to be upset. Don't let these jokers make you feel otherwise. You worked hard and got screwed.
They have nothing to lose, so they don't understand.
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u/CptJacksp 23h ago
I totally feel the being upset. I do.
You just gotta NOT panic sell, buy the dip, and lower your average cost.
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u/Vdjakkwkkkkek 1d ago
Bro just don't sell. You don't actually lose anything when stocks go down. Your 100 apple shares are still 100 apple shares. If you are 24 a massive drop in the stock market is a good thing. In 50 years a couple percent dropped back in 2025 will be meaningless. What won't be meaningless is the gain you will get from buying at a discount.
It's just a big sale.
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u/Admirable-Buy-4337 23h ago
Until stocks drop 50-70% and then you lose massively having not sold. It's like people here think that the drop is over. I got out right after tariffs hit because I realized that everyone around me was coping and/or lying about their impact, and I don't regret missing a second day of losses.
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u/Sure_Inspector9534 23h ago
You think this is gonna be twice as bad for the market as a global pandemic?
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u/UptownBoyDowntownCat 22h ago
So how are you going to get back in before the recovery? If you wait too long you lost that money for good. If you buy in at the bottom you can make a lot of money, but knowing when is the bottom is like knowing what the next lottery numbers are. Most people who try miss and end up losing more money.
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u/Vdjakkwkkkkek 21h ago
You can't time the market. Over time it does nothing but go up. Trying to time it is stupid and you can end up losing. Now is a great time to increase investment rate and if it continues to fall you continue to increase investment rate.
The value of a stock has nothing to do with what it actually represents. 1 share of Nvidia is still the same portion of Nvidia profits regardless of whether it's $95 or $120. $95 means you get the same ownership of Nvidia at a cheaper cost.
This hurts boomers the most who are selling stocks to move into more secure lower growth securites like bonds and tnotes. Its great for anyone under 50 who isn't actively trying to retire with a personally managed retirement fund.
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u/Admirable-Buy-4337 21h ago
The market is based on future projections of the economy. If people believe that we'll somehow get out of the tariff and trade war through Trump flip-flopping before the deadline then we're still not fully processing the impact of the tariffs enough. Tell me this, do you see, in the immediate future, something that will make business growth seem likely to increase? Or do you see the start of an ugly mess until manufacturing maybe starts to come back here.
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u/Vdjakkwkkkkek 21h ago
No, stock prices are based on what people are willing to pay for them. Many stock prices are disconnected from the reality of the companies future. See Tesla at $1000. This is called a correction. The entire stock market has been over valued ever since we started QE. A huge correction was in order and I am working to spend 30k cash I have saved up not buying over valued stocks on now much more realistically valued stocks over next 6 months.
Major corrections are opportunities for middle class people to enter the market.
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u/Raahka 15h ago
This is not just some regular event where stocks go up or down. We are talking about a level of uncertainty where everything between Trump tweeting today that the tariffs will not take effect for whatever reason and the stocks recovering almost instantly, or that this will send the world into the worst global recession in a century that will take decades to recover is possible.
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u/Fair-Dare-Stare 23h ago
Dude, it's okay to complain and feel frustrated about this. It's good that you feel fortunate about the life you have, but that doesn't mean you can't feel frustrated about things that aren't going your way, It's natural.
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u/UptownBoyDowntownCat 22h ago
Wut? Unless you sell you still own those stocks. In a few years they'll be worth more than ever before. Some companies go bankrupt, but others will explode in price. As long as you didn't put everything in one stock that crashes or played with options, just hold and it'll recover in a few years. Maybe a decade if it is really bad, but you have decades before you will retire.
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u/ChosenBrad22 22h ago
If you don’t know shit about investing you’ll learn this is incredibly normal. Just keep buying and long term you’ll get rich. Screaming on the forums every market dip will make you 0 money, change nothing, convince no one, and simply waste your time for no reason.
Just be responsible with your money so you can get rich from the big dips because they happen a lot.
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u/QAquaIceCold 23h ago
People are spiteful they will burn their life for revenge if they spite you enough. And If they think they have nothing to loose, and everything to gain, ohh boy that's where the fun stuff begin.
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u/CollapsibleFunWave 22h ago
It's funny to see Americans with enough leisure time for gaming act like they're somehow victims because of the society they live in.
They take for granted the fact that they were born into one of the most stable and prosperous societies in the world and think that tearing it down will result in something better for them instead of the standard oppression that people have dealt with for most of history around the world.
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u/KansasZou 20h ago
And those companies will simply raise prices and hand them down to you. Small businesses won’t be able to compete as well or for as long.
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u/Hour_Dragonfruit_602 18h ago
150 million Americans dont have any savings at all they have 0 weath in the stock market, they are all just hoping for better paying jobs tomorrow.
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u/Mental-Crow-5929 17h ago edited 17h ago
There are around 340 millions people in the USA.
That means that A LOT of people do have wealth in the stock market and will be affected by this.
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u/Hour_Dragonfruit_602 13h ago
In the United States, wealth distribution is highly uneven, with the top 10% of earners owning almost two-thirds of the total wealth as of the first quarter of 2024. Furthermore, the top 50% of households control 97.5% of the country's assets
And you see nothing wrong with this?
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u/The_Verto 16h ago
If you can't afford stock prices going down, then you invested too much money into stocks and that's your fault for not having savings.
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u/muscarinenya 1d ago
Really ?
This will just end up being yet another wealth transfer from the bottom to the top, and you're naive if you think otherwise
e v e r y s i n g l e t i m e
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u/Trap_Masters 23h ago
The lack of financial literacy from so many people in that camp to recognize such a simple concept is baffling, it's like they actively want to continue being poor.
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u/Fzrit 17h ago edited 17h ago
It's not even a lack of financial literacy. It's prioritizing falling in line with Trump above all else. Trump could flip his views 180 degrees tomorrow, and all his voters and rightwing media will immediately flip 180 with him. It's literally whatever he commands. All that matters is to follow Trump and champion him no matter what.
It's totally not a cult of personality!
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u/opanaooonana 23h ago
This is obviously Biden’s fault. Trump tried to save the economy with the tariffs but the damage Biden/Harris did was just too much. It would have been worse without Trump.
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u/Immersive_cat WHAT A DAY... 16h ago
US market has lost much more in one day than all the military/financial support went to Ukraine to date.
Now, you got to be extra delusional to think that stock market, therefore the economy is less impactful on everyday life than an allowance for Ukraine to buy military equipment from, you guest it, mostly US military companies. Interesting times are coming. Good luck everyone.
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u/batman_beyond7 16h ago edited 16h ago
This is so stupid are you people fucking retarded so hurting the guys with millions and billions while making everything more expensive is not the own you think it is. so if your 100$ grocery bill is 125$ next week you really are sticking it to the man. Making it harder for you to get by is definitely the answer. The rich have money saved.
You want to hurt the rich raise taxes on them which is a good idea. Tax them at 75% after the first million dollars so there you go that will hurt the rich way more then destroying the economy for everyone.
Edit a bonus help with income inequality reinvest in to help people. Like universal healthcare, roads infrastructure like bridges water lines power lines.
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u/unhappy-ending 1d ago
It's kind of hilarious. They want so bad to own the rich and watch them die, but are flipping out about the stock market crashing. Isn't this what they want, for the rich to be less richer?
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u/Ok-Objective1289 1d ago
The rich aren’t the only ones putting money in the stock market. I’m middle class and have about $50k in index funds, that’s money that will not grow but it’s rather falling and then will have to recover, essentially pushing back my retirement plans for who knows how many years. The rich will simply buy back everything when the market is super cheap and grow even more, while the small guy is praying to recover.
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u/OdaNobunaga69 1d ago
Yes, ordinary folks during the deepest recessions have to sell stocks or assets (if they're lucky to own them in the first place) to afford food and roof over their head. The ultra rich might see their wealth reduced from 400M to 40M, but still they can afford private nurses, private islands, private shelters, plus they are likely to scoop up all those assets that ordinary folks sold at deep discount. This is a "feature" of capitalism, allowing rich to become richer and poor to become poorer. Boom and bust cycles and all. Donnie's just helping to speed up the process
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u/Trap_Masters 1d ago edited 1d ago
Literally this, all these conservatives so desperate to get a gotcha over the left "defending" the rich to defend Trump they don't realize that it's the rich who have enough capital to tank these financial turmoil and recessions to come, and be able to buy everything from land, stocks, businesses, etc in bulk at bargain prices and hoard even more wealth for when the economy stabilizes some time in the future, furthering the wealth between the average working class Americans and the ultra wealthy elites. Meanwhile around like half of America who are working class are living paycheck to paycheck so would be completely devastated by these financial turmoil and market crashes, leading them to sink further and further into debt and owning even more money to the ultra rich lenders.
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u/anusfarter 23h ago
they realize it, how could they not? they are literally just coping because they lack the emotional intelligence to openly acknowledge their mistake.
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u/unhappy-ending 1d ago
Won't you also be able to buy new stock cheap when the price drops?
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u/Ok-Objective1289 1d ago
Depends if you have the extra funds available. I don’t as i do lump sums contributions in the beginning of the year. Also who knows if the market will rebound as hard, sure the US stock has dominated for the last decades but with the way trump is putting everyone against him there’s nothing stopping the whole world to start looking at other markets.
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u/murderinthedark 1d ago
ding ding chicken dinner
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u/ZestycloseJeweler340 20h ago
Middle class people have less to invest because they’re trying to afford groceries
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u/No_Preference_8543 1d ago
Most just dollar cost average because 99% of us can't time the market and trying to do so will just cause us to lose money.
If things bounce back, which historically it always has, then yeah it'll be fine. If it doesn't... then we're all fucked i guess. But I'm thinking it'll go back up like it always does, but who knows how long it'll take. Thats why you shouldn't try to time it. Its down now sure, but it could just keep going down.
But in the short term, like if you need those assets for a house, kids college tuition, retirement etc., people are down bad. Though that's nothing new I guess.
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u/zenethics 22h ago
To be clear, this market crash is way less than the market crash we'd see if we implemented a billionaire wealth tax as some of the left have proposed.
The stock market is like a big balloon full of different gases. The left has some idea that they can deflate the balloon - but just a little, to take some of the oxygen. But that's not how it works.
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u/Bubble_Heads 1d ago
I’m middle class and have about $50k in index funds, that’s money that will not grow but it’s rather falling and then will have to recover, essentially pushing back my retirement plans for who knows how many years.
Use the dip and buy it for cheap.
It may take a while to recover sure, but a big dip is a big opportunity. Especially if you don't plan to retire within the next week or month anyway.WSB had one thing right: Dont paperhand, double down.
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u/SpookyColdAtom 1d ago
The rich thrive in recessions...
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u/Cipher_01 “So what you’re saying is…” 1d ago
when do the rich not thrive? never.
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u/SpookyColdAtom 1d ago
Buy back stocks from their liquidity.... Sell high buy low dude
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u/unhappy-ending 1d ago
Who's losing the most money right now?
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u/SpookyColdAtom 1d ago
Retail investors are usually exit liquidity followed by hedge funds. Warren Buffett is sitting on his largest cash pile for Berkshire Hathaway, 300bil, followed by Bezos, Zuck Suck, etc. they will buy the stocks have stabilized and get a 30-50 percent return in the next year or two. Billionaires have better on the economy collapsing which is why they liquidated months ago
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u/Trap_Masters 1d ago
Yup, the fact so many don't see this and are acting like the billionaires are losing all the money while retail investors are the ones clawing back wealth is laughable.
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u/MoisterOyster19 1d ago
The rich are sitting on cash reserves and may be down now but will buy low and massively make out. Look at 2020 crash. .
It is the average Americans 401k and investor who doesn't have huge cash reserves to invest during a crash that get hurt.
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u/No_Preference_8543 1d ago
Hurt in the short term. Economy always has boom and bust cycles. Its always been about consistency, patience and long term.
But if you needed to cash out your assets while things are down... yeah that sucks. But that's nothing new.
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u/penguinrunner12312 1d ago
Who's "they". You're just wrong, 60% of Americans own stock. Stock market crashes hurt middle class/poor Americans A LOT more than rich ones because they may need the assets wtih a recession + tariffs. They may have to sell at a massive loss. This sub is pure brain rot my god
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u/zchen86 19h ago
There are a huge amount of hypocrisy from both side. When Trump was elected everyone boast about how good it is to the stock market, but when he made a risky move at the middle class expense suddenly everyone say fk the stock market. Stock market crash doesn't hurt the rich because they have enough money during the dip and cover living cost. The people really getting hurt are middle class that can't afford increase living cost and have to take funds out retirement accounts to make ends meet. I can't even think of billionaire who got less rich during the Covid stock crash.
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u/Armaniolo 18h ago
I think they want the rich to pay more taxes. Which has no first-order effects on the company itself, as those are individual taxes for wealthy business owners and doesn't affect the profitability of the business model.
There are some second-order effects affecting willingness to invest/capital flight, which then affect business operations, but it's limited. Hell a lot of companies are majority owned, directly or indirectly, by people outside the 1% and they run just fine.
Meanwhile tariffs are having a tangible effect on businesses big and small, owned by the ultra rich or not, because entire business models have been rendered invalid. Some new business models will emerge from the ashes IF there is any confidence that this new reality is in any way stable, which is already getting chipped away at as the White House flip flops on whether countries can negotiate the tariffs away. If Argentina is actually going to be at zero tariffs, why not build the cars there with cheaper labor? And on top of that this is all done by executive order which can be very easily reversed in the short term. And since the government is picking winners and losers, even with new business models rising it's a massive market distortion with all the usual deadweight losses to the economy.
And it's a huge question mark whether the erosion of the tax base for every other tax will in any way be made up for by the tariffs, which also apparently need to cover budget deficits from schemes like no income taxes for some, no tax on tips, no overtime taxes, oh and this is on top of having to patch up the existing huge deficit. If it doesn't, then it's the common man getting bilked as these "no tax" schemes are on borrowed money and that bill will come due when it gets to the point the only viable option is cutting SS and Medicare/Medicaid. Taking out debt on someone's name and "gifting" it to them is not great but unfortunately voters are prone to fall for this con as we've seen from both parties over decades.
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u/htonzew 22h ago
You're literally retarded aren't you?
You do realize that the vast majority of Americans are invested in the market via retiremenet?
you realize that the people that need to tap into their savings when the market crashes are lower and middle class? The rich will just weather the storm and buy up more. You truly truly are a moron.
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u/Robbeeeen 1d ago
The rich losing money in a stock market crash is fundamentally different than the rich losing money by being taxed more.
Stock markets crashes directly lead to lay-offs, impacting normal people.
Lay-offs lead to increased pressure on welfare programs, driving up the deficit and making available less money for government expenditure into infrastructure, education, medicare, social safety nets in the future.Normal workers are the driving consuming force in the market, lay-offs drastically decrease consumption, impacting small and medium businesses the most, who do not have the means and coffers to outlast a recession.
The rich lose money in a market crash, but only temporarily. Time in the market is the best indicator of growth. The richer you are, the longer you can stay in the market even when it goes down, on top of having the capital to buy up stocks at discounted prices.
Normal people can't outlast recessions, they need money to pay their bills.
Taxing the rich on the other hand does not negatively impact normal people and instead uses the hoarded wealth for the aforementioned government programs, benefiting the average person. At least that's the popular thought on the left, which is a bit flawed in reality, but that's not really the point.
Not to mention that the majority of American do have investments in the stock market, but once again are more impacted by these crashes because while they do have investments, they don't have the means to profit from being able to buy the dip due to no liquidity.
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u/unhappy-ending 1d ago
You don't think taxing the rich wouldn't negatively impact normal people? If they're not making as much, they'll cut costs such as jobs to balance it out. If not there, they'll cut somewhere else.
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u/TopThatCat 18h ago
The golden age in the 1950's and 1960's that everyone here claims to love was when the rich were taxed the highest they ever were. Why is it that we can try everything BUT taxing the rich when economic issues arise? Is it perhaps remotely possible that the billionaires who control the media are propagandizing people against one of the solutions that actually WORK because it would hurt their bottom line?
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u/ZestycloseJeweler340 20h ago
Why do you try to speak so confidently on political issues that you clearly understand nothing about? How old are you?
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u/AnonymouslyPlz 1d ago
Remember when the left used to blame capitalistic billionaire companies when prices go up and not a president trying to impose market protections so that manufacturing jobs stay in America? So that smaller American companies can compete against literal Chinese slave labor in the national market?
I remember. It was only 15 years ago when a million leftists occupied Wall Street and would have been so happy about Trump doing this.
But the left doesn't have any set ideologies anymore. Just whatever Trump does = bad.
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u/Ok_Psychology_504 22h ago
EAT THE RICH! NOOO MY STOCKSSSSSS!
top meta nepo m arxism.
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u/BumbleBiiTuna 1d ago
You think the poor would care about a 1000$ part for their computer. Tell me you're privileged without telling me
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u/alisonstone 22h ago
The average American has given up on the idea of "tax the rich" because the taxed money isn't being redistributed to the average American, it is being redistributed back to the rich through the hundreds of billions of dollars spent on Ukraine, or "foreign aid", $40+ billion broadband internet bills that wired up zero homes, etc. Doesn't matter if you tax the top 1% a huge rate if all the tax revenue is sent directly to the large corporations that are owned by the top 1% or through other fraud/waste that goes directly into the pockets of the top 1%.
At this point, they rather bring the jobs back even if it lowers GDP because they rather get a slice of a smaller pie instead of getting nothing from the bigger pie.
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u/RealisticSolution757 16h ago
The federal government spends some 5T a year, most of it on welfare for US citizens, infrastructure etc.
It's insane to me how you can be too dumb to google where your tax money goes, actual fucking retards
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u/Wish_I_WasInRome 20h ago
So it's not about making America great, you just want the world to suffer. Glad you're being honest.
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u/Wookiescantfly 23h ago
Nancy Pelosi's stock portfolio was worth $365 million last week. This morning it was at 287 million. The crazy part is that she just lost nearly $80 Million in stocks, and her portfolio is still worth 7% more than it was last year at this same time. I can tell you right now with absolute certainty that not only will I likely never see $80 million in my lifetime, but if I had lost that much money practically overnight I would literally be homeless the moment it happened.
This "crash" people are losing their minds over was quite literally little more than a minor inconvenience for the wealthiest people in the country, so pardon me for not giving a shit.
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u/LePotionSeller 22h ago
this will affect the working class as well
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u/Wookiescantfly 22h ago
$2 trillion evaporated from the stock market. Would you like to know what absolutely did not change while the wealthiest people in the world lost a couple million dollars?
I still went to work at my full time job.
We still ran a skeleton crew to take on additional productivity
We still worked our asses off all night and barely got done on time.
I will still get a paycheck this payday.
This will continue to be my life for at least another 3 years at a minimum while I get my certifications. Maybe the cost of eggs goes back up to $6 in a week. Maybe Great Value bread stops being $1.50 in a month. I have "lived in interesting times" for at least the last twenty years, so do you think living through another recession bothers me in the slightest? Life's a bitch but you keep on keepin on.
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u/TopThatCat 18h ago
Brother, it's not just eggs and bread, it's going to be everything. That job you have right now could be fucking gone if we hit an actual, proper recession. This is day TWO of the tariffs - we haven't even begun to see the fallout. The markets are down because COMPANIES will suffer, who EMPLOY people - this harms prices, employment, everything.
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u/LePotionSeller 21h ago edited 20h ago
Yeah I guess thats a good mindset, life’s a bitch, let’s make it worse 💪
Anyway this will probably affect almost everybody, some will be affected immediately, most won’t. The truth is that tariffs across the board with every single country without any preparation in advance is just a bad policy.
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u/danpascooch 21h ago
Crashing stock market decreases corporate liquidity across the nation. Decreased liquidity impacts wage growth, career advancement and increases layoffs.
This all takes time to happen, but if the market crashes for long enough it will absolutely impact you and your regular job eventually.
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u/Immersive_cat WHAT A DAY... 16h ago
Pelosi example was really nice, impressive.
Now let us see the average Joe with 10-100k stocks invested or how uncle Sam's retirement plan, which is also like 50% stocks and bonds doing after these few days lmao. Are they also being left with millions of $?
Shareholders panic selling and putting the company down resulting in people's unemployment is surely a myth that never happened before. But your average value bread is going to be only slightly more expensive so its all good.
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u/Realistic_Volume_927 1d ago
Yeah, since taxing billionaires and crashing the market are the same thing. How much flavor aid have you drank?
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u/nine16s 1d ago
Not trying to be negative but just trying to understand, why do people want the stock market to crash?
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u/CollapsibleFunWave 23h ago
They don't. It screws over everyone except the super rich, who take the opportunity to get a lot richer.
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u/Honorablemention69 19h ago
This is the Trump could literally cure cancer and liberals would still hate him for it moment!
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u/MathematicianPale337 1d ago
Enjoy your world wide tariffs, just don't whine about the extra 25% on the price of a Nintendo switch.
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u/Mobius24 1d ago
That thing is already DOA with those prices. Who wants to pay $80 for the 50th iteration of Mario and Zelda games?
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u/Crimson__Thunder 22h ago
I can't believe they're charging 10 bucks to get a higher resolution for your old game on your expensive new console. There is no work put into it to justify that cost, the game is capable of that resolution as is, as we see on emulators. Nintendo is a fucking scam company.
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u/chrisman96 1d ago
Your underestimating how popular mario and zelda games are. For reference, mario kart 8 sold like 70 million copies
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u/AmbitiousTwo22222 Deep State Agent 1d ago
All stock market analysts before the tariffs: the market is overinflated, so many companies have a valuation much higher than their worth. A downturn is inevitable.
1 day after tariffs: Trump destroyed my savings and crashed the global economy.
Hm.
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u/ethanfel 1d ago
there's a difference between the market correcting itself in aera where it's overinflated like AI (it happened several time recently) and everything crashing.
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u/AmbitiousTwo22222 Deep State Agent 1d ago
Since COVID recovery, almost everything has become overinflated. Last year, the market continuously reached new highs in many industries. The market was due for a come down, it is just accelerated by extreme investor and fear. It doesn't mean that the economy is spiraling into a new depression like the media wants you to believe.
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u/ethanfel 1d ago
"he market was due for a come down, it is just accelerated by extreme investor and fear."
Are you saying Trump did the tariffs when he knew the market had to come down and he's tariffs would make everything worse ?
(the fear comes from the Tariffs btw)
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u/Neon_20 23h ago
Recessions widen inequality! Rich people have access to liquidity, credit, and investment opportunities. When prices dip, they scoop up real estate, stocks, businesses for cheap. Cheering on events like tariffs or stock market crashes as a sort of revenge against the wealthy is incredibly short-sighted and ignorant.
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u/dividedtears 22h ago
Oh no my 401k!! Wait I cant touch it until I'm too old and decrepit to enjoy anything in life? Never mind burn the motherfucker down Pookie.
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u/brosiahd 19h ago
Buy the dip
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u/Immersive_cat WHAT A DAY... 15h ago
Sure, when's the dip though?
Now, tomorrow, at the end of Trump's presidency or after a decade, maybe two decades if its going to spiral? Tell me when the dip stops and I will gladly get me some more of that sweet NVIDIA stocks, which is going down for months now.
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u/liaminwales 1d ago
Before the Alphabet trend it was big money protests, only thing is this time it's working and last time it was pointless.
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u/DrakorexHunter 19h ago
I also like him. He saved the European market all by himself in a little over 3 months.
He is a genius in disguise 🥸
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u/Iwubinvesting There it is dood! 10h ago
Return to me when your everyday costs rise by 10-50% and you're fired from your work
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u/unlock0 1d ago
My stocks are down around 30k. Sucks but if it means my kids can afford children before their late 30s, buy a house, and retire in his early 60s or sooner I’d pay everything I had.
I’m doing well. I save 65% of what I make. I’ve lost everything in 2008 and basically started over financially. I wouldn’t want to start over again in this job and housing market. I dread the thought of my oldest having to navigate it in just a few years.
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u/CollapsibleFunWave 23h ago
Sucks but if it means my kids can afford children before their late 30s, buy a house, and retire in his early 60s or sooner I’d pay everything I had.
Why would you having less money mean that?
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u/Vahlir 1d ago
!Remindme 6 months
this will age like milk, you're in for a wild couple years of recession + inflation. You're going to see layoffs we haven't seen since the 80's autoworkers.
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u/Gagmr Dr Pepper Enjoyer 18h ago
These people fail to understand that Trump is helping people who can't afford to put money into stocks by bringing better jobs back to the country that will pay more. The people who voted for this don't GAF about the stock market.
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u/Versaill 15h ago
better jobs back to the country that will pay more
Better jobs like sewing socks? And how are poor people going to be better off if almost everything will soon become more expensive due to the massive new taxes (tariffs) that WE will pay?
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u/Kitsue117 18h ago
let alone the fact that most most likely don't have enough funds to even try and get in on stocks to begin with so as far as they're concerned it's of no consequence to them if it's going up or down
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u/Wonderful_Welder_796 13h ago
My brother you think working in a shoe factory in Nebraska replacing Vietnamese exports is your one way ticket to finally getting on the stock market?
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u/TopThatCat 18h ago
> These people fail to understand that Trump is helping people who can't afford to put money into stocks by bringing better jobs back to the country that will pay more.
So tell me, when and why would these 'better' jobs appear? Do you have a magic wand that will create a factory out of thin air that I'm unaware of?
These tariffs will hurt the people who can't afford stocks the most. The average price of goods will rise because most of them are not American made, and the ones that are are too expensive to begin with for poor American's to afford. The jobs you're talking about won't even end up coming back because no one in their right mind is going to spend 5 years building a factory when the tariffs will be gone by then.
The people who voted for this are economically illiterate. The programs that bring jobs back look like investment into the u.s in the form of things like the CHIPS act, not tariffing every other country on earth indiscriminately.
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u/RyanMay999 23h ago
If you're not buying right now, you deserve to be poor. Idc if it's even $100 a paycheck. All politicians are corrupt af but when they're doing something big like this, pay attention!
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u/CptJacksp 1d ago
I have no problem absolutely tanking the stock market. I don’t own any stocks atm.
Now, increasing the price on my nintendo switch (maybe), and other useless Chinese garbage I buy? That won’t be fun.
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u/Tachiiderp 21h ago
If you're young and you don't have some kind of investments in equity, you're doing your future self a huge disservice.
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u/cringg 20h ago
Lmao only the MAGA cult will try to spin the stock market crashing into a good thing
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u/ZestycloseJeweler340 19h ago
Here’s why everyone losing their jobs in a recession and everything getting more expensive from tariffs is a good thing actually:
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u/oakeegle 20h ago
Young people get fucked the hardest in a recession btw :) good luck finding a job
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u/boulougous 10h ago
Remember 98% of stocks are owned by the rich. Don't listen to the fake news. Stocks crashing are only hurting rich people a lot of them democrats and other politicians who made money during Biden corruption. If house price start to crash than the everyday person is in trouble.
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u/Daedelous2k 1d ago
wallstreetbets must be gearing up for the biggest rush of all time.