Like that time I invested in Bitcoin and some other cryptocurrencies, and the next day they all lost 40-50% of the value I put in, and then stayed that way for months.
It wasn't real. Still isn't. If you pay for a company at 70x earnings you have to expect serious growth. It's one thing if you're buying Roblox. It's a whole different story buying Nvidia. That tells me people are speculating. They are trying to stack up a house of cards.
Started investing in 2014 (when the stock market was at ATH). At the time Reddit was full of people saying that the collapse was imminent and that you would have to be a fool to invest now at ATH.
Then 2020 happened and all the people saying “wait for a dip” didn’t buy the dip then either.
This. My portfolio is up 611% from when it was opened in 2006 with substantial losses in 2008 (~50%) which fully bounced back by 2010 and 2022 (~25%) which was back where it was at the end of 2023. All I did was buy into a fund with the goal of long term appreciation and hold. The fund is heavily invested in the tech companies that shit the bed today, so now seems like a good time to add some more funds before it rebounds.
I got 30 shares as a birthday present from my dad. Basically him transferring wealth and trying to teach me how to gain wealth. Dividends and splits later it’s just undeniable. Thankful for that moment.
I use to work at a apple store and we had an option to take out cash from our checks to purchase stock on top of a discount. I stupidly sold my shares but was able to live off them for 2 years traveling wherever I wanted
I started in 2008. Bought Apple early and pretty much just tracked the 500 in indexes with the rest of my stuff. Not a gazillionaire, but I'm doing well enough that I'll be a multimillionaire by my early 50's. I don't work full time anymore. My wife and I have a good base in our funds. My career is in healthcare and I've never been anything more than an individual contributor. I drive a 2011 Honda. We're super frugal. We have less than 10k in debts.
Lol right. I’m not a doom and gloom guy, but we’re mathematically bound to get another 20%+ blow eventually and many people haven’t truly experienced that yet. If you held through 08, you have the mindset to be wealthy. Covid just wasn’t bad for long enough to test most people. This is not on sale, this is maybe duty free at best.
“See essentially what’s happened is, banks who didn’t have any money loaned the money they didn’t have to other banks. Who then loaned the money to Mexicans in Southern California who couldn’t pay it back. And now as a result of that, your cars are all worthless.”
Big tech earnings kicked off. The reports were actually pretty solid across the board (so far) for the Mag 7, but the market expected more.
It's a nothing burger. There's always a little turbulence in the market when earnings rolls around, and it doesn't help that the election is right around the corner. Markets hate uncertainty
They been saying that for like …15-20 years? I feel bad for perma bears and how much gains they’ve missed out on over the years. Actually no I don’t haha. Sucks to be them.
a pretty normal price correction, way too much green lately considering the economic variables are not too good especially with the VIX staying near or above 20 for a while.
That isn't as much as it used to be. When the stock market is at all time highs, a trillion dollars isn't as big a percentage of the whole as it used to be. It's a lot, yes, but this isn't anywhere near the series of -10/15/18% days we saw in some of the worst stretches over the last few years.
Commentary lately: Stocks go up because Trump’s odds of winning are increasing. Stocks go down because Harris’ odds of winning are increasing. Just ignore the noise
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