You know, if you dont sell your stocks while the market is down, you lose nothing.
@kakarot86, that’s not fully true but close enough. The depressed market will last years before it goes back at this rate. So the value of the stocks is down for a good long while meaning you won’t have as much value if you want to sell. But if you’re a 35 year old dude that’s got decades before you need to sell you’ll be fine. I’m actually encouraging people to buy stock in my age group when the virus passes
@kakarot86, that sounds nice, but that’s how you blow up your account. People enter the market believing they will only make money, so they don’t have an exit strategy. Holding on is a bad exit strategy... it can go to $0. Now is not the time for naive people to invest or double down. Only scalpers face the least risk with technical analysis without holding overnight positions. No one knows how much lower we can go at the moment
@kakarot86, sell and watch the parade. Be happy with 20% losses and reinvest once the bottom is obvious. You could wait 8 years to breakeven if you don’t sell. And it keeps your capital locked and thus useless for when the rebound happens
@Uranusisbig, it's true if you enter the market thinking there is no risk then you are naive. All I'm saying is, that if you dont sell then the loss is not realized therefore you didnt lose. Sure there is still the potential that it will dive more and get 0'ed out but there is also the possibility that it will recover and grow. Either way you have not lost or gained until you sell. At least that is my understanding. I didn't mean to pretend to be an expert at all.
@kakarot86, also like you say it depends in if you want to sell and reinvent or are happy to hold for as long as it takes to recover. I've got no money invested except what my retirement savings company does, so I'm not needing that money out of the stocks for at least 35 - 40 years so why panic and sell at a loss now. Like I say, that's just my opinion. I am in no way a stock market expert.
@kakarot86, it's a bear market. This is when to buy. This is when millennials can jump in. It happens every time theres an epidemic and it always rises to bull within the next fiscal year or two.
@BlurredLimes, I don't know if I count as a millennial but if I had money to spare I would be looking at getting in.
@kakarot86, I checked. Millenials are born 81 - 96 so yea I am.
@kakarot86, you lose money the moment you purchase a stock. It’s gone. What you have instead is shares, which the market values. If you make your decisions based on the flawed idea that you can predict the market you lose it all. Nothing against you by the way, it’s just horrible advice to say you don’t lose if you don’t sell. I trade everyday and I see 95% of people lose it all because of misconceptions about the market and thinking their shares will go back in their favor.
@BigJohnson86, my statement is true. A bull market isnt one that's at its peak with a few dips and spikes here and there (what it was before COVID). Its one that rising. We'll be in a bull market soon enough.
I just find it odd that so many people wish for the destruction of others, whether it be financial, emotional, etc. For instance when Bill Maher wished for a recession so Trump would fail. Then now with coronavirus I see people calling it Trumpvirus and what not, I see people politicizing it, like Sanders saying socialized healthcare could of stopped this. But excuse me have you seen what is happening in Italy? They have socialized healthcare and they are talking about just letting the old people die.... so how about people stop being dickheads and actually give a sh!t about each other instead of just fvcking virtue signaling.
@Muscular Rooster, it’s human nature to pass the buck they need someone to blame for all the problems plaguing the world and Trump just so happens to be one of the easiest targets in American history
@Muscular Rooster, can we at least wish I’ll on the psychos who put milk in before cereal?
@BigJohnson86, of course they are the worst humanity has to offer
@Muscular Rooster, you seem to be new here, you don't need empathy behind the anonymity of online social interaction, loser.
@ Seductive Cheeto, I've been around since Jamal days, but the sentiment was more general in nature not funny pic specific
@Muscular Rooster, it was a joke soooooooo...
@ Seductive Cheeto, I wasnt mad or anything sorry if 8t came across that way
@Muscular Rooster, *starts chugging the tea*
@Muscular Rooster, do Americans not wish for the destruction of isis and coronavirus?
@Muscular Rooster, sanders saying a single payer system would have helped stop this is fact. Many people cant even get checked because insurance dont cover it. They barely, after public pressure, decided to cover the copayment for the test. Many people dont go to get checked cause they cant afford it. Trump himself has politicizes this as have most politicians.
@Implicit88, if u keep long term this is merely a blip that should not concern you.
@Muscular Rooster, italy failed to take action. Much like Trump. We dont even have test kits to test people. Why? Because this is an imaginary problem according to trump
@Muscular Rooster, maybe Italy are just thinning the herd
Lose everything in the stock market? I’m getting my ass kicked recently, but being down 20% isn’t losing everything. Even with that I’m not “losing” money until I sell, plus it’s very likely it’ll bounce back in a matter of months. I’m in my mid 20s, I encourage everyone to put some money into ETFs now, can’t time the market, but this is a good sale
A house? I can’t even afford an apartment.
To be fair, boomers didn’t waste their lives and fortunes on Women’s Studies (etc) degrees.
Boomer’s worst crime was letting younger generations “choose their own paths.” Youngsters are just too filled with narcissism and hubris to admit they bought the “snake oil” (social justice) and the “miracle rub” (diversity) because it came in a “candy shell” (equality) never realizing they were being marched to slaughter (communism).