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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243

u/Federal_Orange_1001 1d ago

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

41

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.

30

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.