Current events discussion

[Jimi77 Premium Member]

Prices may come back, but losses do not come back.
If you own a share of x at 50 and you sell at 30, you're down 20 unless you buy back in at 30 before it goes to 50.
You're not down if you never sell, but actual selling below market is what drives the real price down.



But again, we're talking actual sales driving prices down. It's not like housing where prices are arbitrary and fluctuate with no money lost.

That's exactly what happened to me and 10s of millions of other 'mericans - prices fluctuated but no money was lost.

 

[Jimi77 Premium Member]

literal robocop

Whoa. That's a crazy.

 

[RobGMN Premium Member]

Alot of mutual funds don't even have the flexibility to do that. I suspect a lot of the "loss" and bounce back was day traders.

So we're talking trillions among day traders. Ouch.

But even if it was all lost among mutual fund, those mutual funds are owned by real people too.

 

[RobGMN Premium Member]

That's exactly what happened to me and 10s of millions of other 'mericans - prices fluctuated but no money was lost.

Would you be willing to name one of the mutual funds you have money in? I'm not interested in the dollar figure or how many shares, etc. Just the specific fund.

I have money with Invesco, American funds, Schwab, Fidelity (since they bought out Principal), etc.

 

[Jimi77 Premium Member]

So we're talking trillions among day traders. Ouch.

But even if it was all lost among mutual fund, those mutual funds are owned by real people too.

No you're not talking trillions because day traders are leveraged. I don't care that mutuals dropped for a month. I suspect how much somebody feels they got fawked by a down month in the market is directly proportional to how often the vote blue.

 

[Jimi77 Premium Member]

Would you be willing to name one of the mutual funds you have money in? I'm not interested in the dollar figure or how many shares, etc. Just the specific fund.

I have money with Invesco, American funds, Schwab, Fidelity (since they bought out Principal), etc.

Fidelity S&P500. I'd imagine that fund or one of it's clones are the most widely held fund/s in the US. Vanguard small cap. Fidelity MM & Gov't Bond (FIMM). T. Rowe Price High Yield Inst Bond Fund and several others. All pretty generic funds that anybody would find in their 401k or they'd find a similar clone fund.

 

[spokey9 5,000+ posts]

I suspect how much somebody feels they got fawked by a down month in the market is directly proportional to how often the vote blue.

Makes for a good "story" reporting short term drops and getting people panicking

 

[Jimi77 Premium Member]

Makes for a good "story" reporting short term drops and getting people panicking

Especially if you ignore the "immediate" recovery.

 

[RobGMN Premium Member]

This guy is a ******* mental case.

 

[Jimi77 Premium Member]

This guy is a ******* mental case.

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I do have to admit that twisting a Happy Memorial Day post in a diatribe against your political opponents is whack.

 

[ThxOne Premium Member]

This guy is a ******* mental case.

View attachment 65671

Did you finally run out of things you were told to hate Trump for and now it's down to posting his post and insulting him?

You are so addicted to talking trash that you sought out his post just so you could call him a name.

 

[Jimi77 Premium Member]

Did you finally run out of things you were told to hate Trump for and now it's down to posting his post and insulting him?

You are so addicted to talking trash that you sought out his post just so you could call him a name.

Markets are up today, I'm sure Rob will be logging on anytime now to give Trump full credit.

 

[ThxOne Premium Member]

I just noticed... that post is from Truth Social... not X. Does Rob have a profile on Trumps social media platform???

OMG... I am 99% sure he does and I found his profile lol

 

[spokey9 5,000+ posts]

I just noticed... that post is from Truth Social... not X. Does Rob have a profile on Trumps social media platform???

OMG... I am 99% sure he does and I found his profile lol

Maybe Rob is a closet Trumper

 

[James Bang 5,000+ posts]

Pointing out when trump violates law is "TDS", but THIS shit is normal?
WTF?!?

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Legit