r/wallstreetbets • u/ihasanemail I am a huge prick. Welcome to r/wallstreetbets • 1d ago

Discussion -$596,000 today after tariff announcement. Purely coincidental the Wendy's app is hooking me up with a $1 JBC for dinner.

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246

u/Federal_Orange_1001 1d ago

Why didn't you pull out a week ago you dumbass

206

u/VertDaTurt 1d ago

Probably the same reason his dad forgot to pullout

24

u/Federal_Orange_1001 1d ago

He was coming looking at this double D gains?

33

u/timeforachangee 1d ago

Tax man and uncertainty. Timing the market is risky. Had 🥭 just said 10% tariffs it wouldn’t have looked so bad.

6

u/bowinger7 1d ago

Don’t forget the inflated stock market.. this posters account has probably went 4x since 2020, he deserves to lose at least half of it to make all things equal

2

u/Trashcan_Johnson 1d ago

Hindsight is 20/20.

9

u/TheBooneyBunes 1d ago

Probably has shares that are like 200$ average cost

38

u/ihasanemail I am a huge prick. Welcome to r/wallstreetbets 1d ago

Was hiking the Enchanted Circle in New Mexico with no Internet. I wouldn't have sold anyway, tbh. I buy and forget it forever usually.

29

u/Bolotiedeluxe 1d ago

Diamond hands to the grave

12

u/HamM00dy 1d ago

I mean where else you going to put the money? Stocks go down then stocks go up. You don't just massively sell and pay insane amount of tax just because orange man. I'm also down like 22% since Jan.

7

u/FunWeary2535 1d ago

Some stocks take 5plus years to recover from a 50% loss &some don’t recover at all. Do you know the long term effects of tariffs on the companies that you’re holding? Nope.

3

u/Ok_Cartoonist1167 1d ago

At that nw, he definitely has a brokerage that manages his money. Atleast I do and they handle all that. This is unprecedented and mass selling when pres flips on a dime is a silly strategy

2

u/HamM00dy 1d ago

You make it sound like The head the Nation isn't himself market manipulating.

1

u/Fickle-Experience526 1d ago

If the losses would be greater than the tax hit, then yes selling makes sense. Just park it in a savings account until the recession ends, or sell risk stocks and buy GLD and bonds. I can’t even imagine just holding through -20% or greater.

1

u/Ok_Cartoonist1167 1d ago

If he could time the market, he’d be a trillionaire. And trying too often leads to losing far far more money.

1

u/Fickle-Experience526 1d ago

Nice! I’ve done a lot of hiking in that area. It’s gorgeous up there! This time of year is pretty miserable though with all the sun and wind lol. Hope you stopped at the Wildcat Den in Questa for a good chile burger.

And yeah, you should probably sell. 

1

u/ergonomic_logic 22h ago

I actually hate you 🙃

0

u/StonkaTrucks 1d ago

So you didn't even actually lose any money, your investments just went down. But you wanted to remind people you have $4m.

2

u/cwmoo740 1d ago

because if you take that much in cap gains you're taking a huge chunk out of your future growth, and you might miss out on a quick recovery. if your time horizon is greater than 5 years it's better to sit and wait it out.

1

u/Federal_Orange_1001 20h ago

Yeah, but 10% is a lot less than 50% percent. It's no going to start recovering for a few months - few years. and this won't be a quick recovery

3

u/ChaseballBat 1d ago

Because they thought 🥭 had good economy policy... Money doesn't buy you smarts. Well I guess technically it could.

1

u/bowinger7 1d ago

Because his account was at $2,000,000 just 3 years ago. See how that works? Don’t let all these posters and the media fool you, the market the last 4 years was propped up for this to happen. Market yields 10% a year. The market is up over 500% in the last 15 years, need me to go the math for you? Dirty tricks and politiks

1

u/Tossawaysfbay 1d ago

"Pulling out" is the dumbest thing you can do.

1

u/Federal_Orange_1001 20h ago

That's not what your mom said...

1

u/Tossawaysfbay 18h ago

For sure.

She was probably blackout wasted though. Who can trust that?