r/WallStreetbetsELITE • u/Solarise40 • 4d ago

Loss That just Crazy BRO

Post image
4.1k Upvotes

98% Upvoted

705 comments sorted by

View all comments

Show parent comments

75

u/Mister_sina 4d ago

Well, then they'd have deserved losing their 401k

95

u/TailDragger9 4d ago

Yeah, but the problem is, I haven't deserved losing my 401k, but it's gonna happen anyway. The fact that a bunch of douches will also be losing theirs isn't much consolation.

5

u/Negido 4d ago

If your time horizon is 5+ years then honestly this is a great situation to buy into. I've increased my contributions since we started tanking.

20

u/TailDragger9 4d ago

Only if you can somewhat accurately predict the bottom. If the worst case happens, entire investment firms, and their funds could go belly-up. There's literally nobody alive who remembers the last time the economy was truly bad in the US. We've been in sheltered waters for a hundred years.

Buckle up, everyone, this might be a rough ride.

6

u/Negido 4d ago

I'm not predicting the bottom. I am DCA'ing into a downward trend.

8

u/-boatsNhoes 4d ago

In this scenario, DCA'ing is like micro dosing catching a falling knife.

1

u/More-Molasses3532 4d ago

If it's a broad market etf it should work. The risk is if it goes so far south that the etf implodes and stops trading.

1

u/Delanorix 4d ago

Hard times make hard men.

Turns out the opposite is true as well.

1

u/OrneTTeSax 3d ago

2008? Nearly all of the 70’s? Saving and Loan in the 80s. Late 90s Dot Com bust and post-9/11? Plenty of people have seen bad economies.

1

u/TailDragger9 3d ago

I've been through all of those except the 70's. Those were only bad when compared with the essentially fantastic times we have enjoyed for such a long time. I meant actual bad economies.

Great depression.

1920's Germany

China's "great leap forward"

1930's Soviet Union famine

Those scenarios are what can happen when leadership decides to make drastic "improvements" of an economic system and causing drastic unintended consequences. If our current course isn't corrected, and soon, we could be begging for an economy as good as the savings and loan crisis. I'm taking 25%+ unemployment, food lines, hyperinflation, real societal crisis - type things.