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Bestbank Tiger
LSU Fan
Premium Member
Member since Jan 2005
65411 posts

re: The stock market lost $8.5 trillion in the first six months of this year
quote:

My portfolio is down 3/4 of a million
Awesome
In 6 fricking months


That's all?

Lol you OT poor.


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Marquesa
Auburn Fan
Atlanta
Member since Nov 2020
1287 posts

That's approixmately $26,000 for every person, including children.


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TigerFanatic99
Chicago Cubs Fan
South Bend, Indiana
Member since Jan 2007
23316 posts

quote:

about 145 million Americans -- 56% of American adults -- own stock.

American families hold an average of $40,000 worth of stocks, lower than levels prior to the 2008 recession but well above the values held in the 1990s.


So... frick these poors then, right? Their pain and loss doesn't matter.


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NC_Tigah
LSU Fan
Carolinas
Member since Sep 2003
112880 posts

quote:

Thank you Cathie Wood.
Cathie Wouldn't.


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oldskule
USA Fan
Down South
Member since Mar 2016
12525 posts

And a very small percentage of that was MINE!


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CedarChest
Mercer Fan
South of Mejico
Member since Jun 2020
2564 posts

quote:

My portfolio is down 3/4 of a million
Awesome
In 6 fricking months

It's better in times like these to get your money out of the US stock market and into someplace that utilizes the entire world instead of just wall street. You're better using banks and investment advisers in Singapore and Switzerland, or you are just limiting yourself in times like these. All these so-called "globalists" on wall street are anything but that when it comes to investing your money.


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USA
Member since 2001
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Bass Tiger
USA Fan
Member since Oct 2014
35911 posts

quote:

quote:
The stock market lost $8.5 trillion in the first six months of this year


quote:
average American


That's more a hit to the top 10% than anywhere else.

quote:
Add in inflation and gas prices and the average American is way poorer than they were under Trump

inflation is a bear for sure though.


To say you’re dumber than a box of rocks is an understatement….lol!


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10
cwill
Member since Jan 2005
50967 posts

Shoulda bought E&P equities in March 2020.


gothamdawg
Georgia Fan
NYC
Member since Nov 2015
690 posts

A lot of this goes beyond Biden to the Fed, which was way too slow to pull the trigger on hiking interest rates.

But Biden definitely hasn't helped with his handling of oil prices and the conflict in Ukraine.


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Cajun Tigah
LSU Fan
Tennessee Mountains
Member since Jan 2005
3895 posts

quote:

Families directly hold an average of $25,000 in stocks (directly held stocks include those not held in mutual funds, retirement accounts, and the like).


I like the way you completely ignore this little tidbit. These are still stocks in these peoples retirements. So they, in fact, are owners of these stocks. And they took the same blows as everyone else in the market.


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Nosevens
Member since Apr 2019
6693 posts

Open mouth stick foot in you fool . Showing me 150 million people own stocks is the point it affects all you low like POS


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McLemore
Member since Dec 2003
29510 posts

quote:

That's more a hit to the top 10% than anywhere else.


fricking moron.


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