Ask Lemmy

About 70k so far, but I haven’t sold, so they’re not really losses. I’ll wait for recovery. No reason to take the early L with selling.

Actual numbers?

Approaching a half million.

That’s from two people’s combined lifetime efforts at saving for retirement. We max out our retirement contributions and live modestly, I have a mandatory retirement age by law, and we can only hope that the markets will return our savings by then.

For the record, it’s shitty that people’s retirements are tied to the stock market.

401(k) plans never meant to be a complete retirement plan. Where does that leave future retirees?

Nearly three-quarters of all 401(k) money is held in stocks, according to a Vanguard report from 2021.

I read somewhere and can’t find it anymore, but up to 40% of the stock market value is comprised of peoples’ retirement savings or plans.

So you can see how devastating this stock market decline could be if it gets worse, on top of all the issues with jobs it will cause.

$25k and climbing but thankfully that's pretty much all in my retirement and I'm not touching it for several more decades.

Nothing invested means nothing to lose! Never got to play the fucking game.

once the little people sell their assets for pennies, they will just bulk buy it at a bargain and reverse the shitty decisions that made it crash.

just legalized robbery-with-extra-steps.

I lost zero because the number going down doesn’t equal the value going down. You only lose if you panic sell.

All my loss has had nothing to do with the economy.

I've had basically everything I own in life thrown away. Twice. Once when I was 19 and got a job on a cruise ship; my parents sold my car and had my siblings move everything out of my room so my brother could take the room, and those two assholes just threw everything in the trash.

It happened again when I got married and my (now ex) wife got rid of everything of mine that I had before we met.

Nothing because I haven't sold anything and aren't planning to either. I hold and keep buying more. Just like I did thru the previous dips.

$100k when I checked on Friday. Not going to check again, that way madness lies.

An entire lifetime of work, living modestly, saving, funding my retirement accounts, paying a financial advisor to help me make responsible decisions.

Blown up by that orange turd.

I haven't looked, but I cut the US out of my portfolio well before this. Probably some, but not too much, and I like my prospects once the tariff selloff is over. Actually, if I can swing it through an available institution I might go even shorter on the US with equity futures.

I decided to adult and buy a few stocks. So far I've lost six hundred dollars.

Yes that doesn't seem like a lot but I've never invested before and I'm not exactly rich.

Haven't checked my retirement because I've never expected to be able to retire in this country. I will work till I die. Yay, American dream! 🙁

I retired early in September. I lost about 30k. I put this years Roth investment into a cd that doesn’t mature for 3 years because I knew what was coming.

It’s strange but now that I’m not working the loss bothers me less. I think I hated my job so much losing money made me feel like all that hard work and misery was futile.

Luckily, I don’t plan to live off my retirement investments for another 10 years. I reduced my cost of living by building a tiny house, and living super minimally. I live on what could qualify me for food stamps in my city. Instead I have a garden and I grow food.

I have a part time side business that pays most of my expenses and it tends to do better even with economic turmoil because it’s cheaper than buying imports. Sales are up 10% over the same time last year.

I haven't checked. It's a long-term investment anyway.

Had $120,000 at the start of the year. Had planned to pull at the beginning of the year, I didn’t. It dropped to $100,000 by early March of I remember correctly. I moved the money into a money market account after that. Where I had the money at has tanked quite a bit more after that. Not sure when I’ll get back in yet. Yes I realize it could recover before I get back in but so far I’ve made the right decision. S&P took major hits recently.

I won’t dare to look.

I sold about a third of my shares in my retirement index fund into “cash” about a month ago. This was obviously coming and I figured I would try to time the market in this instance. I didn’t have the balls to do the whole thing but I stand to make a nice gain if I can buy back in on the way up.

The next few years will be a constant whip saw of crashes and “recoveries”, because the big money wins more when prices are volatile. They sell before you can. They buy before you can. It’s a dance they take advantage of, and we should try to as well.

In January I moved all my 401k funds to a vangaurd stable fund which mostly invested in money markets. My 401k is somehow up from April 1st by a few %. Thinking of reallocating to take advantage of Trump's inevitable reversal.

My guess is he will do it piecemeal as countries cave to his attempt at soliciting bribes. So the market as a whole wont recover all at once. When I see he is starting to reverse individual tariffs, that's when I'll do the reallocation. But until then I think there is more to lose.

Also I shorted Elmo and cashed out high enough to cover the losses on the rest of my portfolio. So somehow I didn't get turbofucked by them this time.

I haven't sold, so none. I'm going to buy a bit more. Even if it goes down I can still get dividends and borrow against it rather than selling if i need

Haven't sold the 401k, will just hold through it. In my brokerage account, I was up and had been DCAing. I lost about 1/3rd of my profits before I sold it all a few weeks ago. I'm still up overall, and was holding lots of cash in the last several years anyway because I thought we were due for a big downturn. At this rate, though, I'm not really looking to buy the dip. I'm instead planning to move my money abroad and, if I can, find a better place to live than the US.

I lost everything long before this, sadly. Didn't even have money to start rebuilding before the tariffs nonsense.

It all feels insurmountable. Like it was going to be hard to build it all back, but now, with the tariffs? Just feels pointless.

The number of times I cry because it took me until I was nearly forty to own a bed of my own, and to just be a few years past forty and back down to basically nothing and sleeping on a 15+ year old mattress that isn't even mine that hurts my back every night is too damn high.

I never had much, all told it was all worth maybe $2000, but it's all gone now. It all feels so petty but it was mine, the few things I had were mine, and I took good care of them. It feels like a joke that it could have all been replaced for so cheap yet I have had no options because of my cancer.

Just started my retirement fund last year, so far I have lost only $4K but I was being very moderate in my investments.

Basically zilch since I have so little in retirement savings. I don't make enough to really start saving. I have maybe like $22K saved over the last 10 years.