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U.S. stocks see biggest 2-day wipeout in history as market loses $11 trillion since Inauguration Day
(www.marketwatch.com)
this post was submitted on 05 Apr 2025
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The top 10% wealthiest Americans own over 90% of stocks...
https://markets.businessinsider.com/news/stocks/stock-market-ownership-wealthiest-americans-one-percent-record-high-economy-2024-1?op=1
I do feel bad for the people who left their 401k in the market instead of government securities. trump has been saying he'd do this dumb shit since the campaign.
But bitcoin is going to...oh.
Oh well, at least gold is.... Oh.
GME to the moon!
Not exactly sure how one is supposed to transfer one’s 401k to government securities on such a short timescale…
Trump was elected in November. I had every cent moved out of US stocks by mid December. My tax burden is already less than what I would have lost if I kept them money where it was.
There was plenty of time if you were paying attention. If you didn’t move your money, unfortunately, that’s on you.
Edit: SPY puts with 20%. The 40% bonds. 30% forex. 10% cash. But what the fuck do I know. I didn’t make any money and you all know exactly what you’re talking about and I’m full of shit.
It’s a 401k. I can’t move my money out of it without taking a tax penalty.
Look up the video on investing at market peaks.
Bro he literally said the tax penalty is less than his loss
L2Read.
Yes there is a tax penalty. as I said in the original comment.
However, that tax is less than the amount lost since December. As I said in the original comment.
I'm not familiar with 401K as I'm not from the US but do you really lose anything when the market dips? Because I don't think you do unless you start selling at a loss. If you're not planning on retiring in few years this shouldn't affect you in any way.
It's the same as any other non-liquid asset. Sure, you could argue that the value dropping is only a loss if you sell during the dip, but you're still better off if you can sell before it happens.
I don't really see how you're "better off" unless you then go and buy the dip too. If your retirement is decades ahead then simply holding and buying is what will very likely be the best bet on a long term. Historically speaking so far this has been the case. Reacting to short term events is how people lose their savings on the stock market.
That's correct. If you are far from retirement just hold. I could have sold high if I timed it and bought it when low, but it's impossible to know when the best time is to re-enter the market. As it stands my Roth and other investments will continue to pay dividends that then go directly back into buying more stock. I'll end up buying the dip without actually spending money.
My 401k is through work and my 403b is through my old work. Investments through work places have some option, but generally you don't get to decide other than what percentage of bonds and US stock. Some will separate foreign stock, just depends on the broker.
No it is not. Tax rate is ~20-30%. Market has dropped 10% since November. What is this batshit advice?
Just move it to stuff that guarantees 40% plus. 2ez. git gud. /s
especially if you are not qualified to retire for 2 more decades
So your 401k is just a single fund and that's it?
That sucks bro
I don't understand then, are they just bilking each other?
If the billionaires are buying en masse to profit off this, someone is selling. If billionaires own the majority...they're...selling to each other and losing?
A potential explanation is this is the Russian fall of communism / transition to oligarchy moment, where regular people will get rid of the "worthless" stocks fearing no bottom, and the top 1% will buy them for pennies on the dollar.
What if you short the market?
Putting a lot of money into shorts (money you can barrow mind you), is essentially massively selling stocks you don’t have with the promise of buying them back later.
If a lot of rich people do this, it will trigger a panic sell, get the price low, they buy back the “barrows stocks” at cheaper rate and now they have profit and some people have sold, so the stock is lower.
They can now buy more stocks and we’re back to the first step but with the rich having a higher share than before cause of the panic sellers.
I wonder if we'll get another high return iBond this year