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

Posted on 7/2/22 at 2:59 pm to
Posted by Bestbank Tiger
Premium Member
Member since Jan 2005
70624 posts
Posted on 7/2/22 at 2:59 pm to
quote:

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


That's all?

Lol you OT poor.
Posted by Marquesa
Atlanta
Member since Nov 2020
1524 posts
Posted on 7/2/22 at 3:00 pm to
That's approixmately $26,000 for every person, including children.
Posted by TigerFanatic99
South Bend, Indiana
Member since Jan 2007
27423 posts
Posted on 7/2/22 at 3:01 pm to
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.
Posted by NC_Tigah
Carolinas
Member since Sep 2003
123743 posts
Posted on 7/2/22 at 3:04 pm to
quote:

Thank you Cathie Wood.
Cathie Wouldn't.
Posted by oldskule
Down South
Member since Mar 2016
15476 posts
Posted on 7/2/22 at 4:11 pm to
And a very small percentage of that was MINE!
Posted by CedarChest
South of Mejico
Member since Jun 2020
2766 posts
Posted on 7/2/22 at 4:28 pm to
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.
Posted by Bass Tiger
Member since Oct 2014
45916 posts
Posted on 7/2/22 at 4:35 pm to
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!
Posted by cwill
Member since Jan 2005
54752 posts
Posted on 7/2/22 at 4:38 pm to
Shoulda bought E&P equities in March 2020.
Posted by gothamdawg
NYC
Member since Nov 2015
938 posts
Posted on 7/2/22 at 4:45 pm to
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.
Posted by Cajun Tigah
Tennessee Mountains
Member since Jan 2005
4018 posts
Posted on 7/2/22 at 5:02 pm to
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.
Posted by Nosevens
Member since Apr 2019
10178 posts
Posted on 7/2/22 at 8:32 pm to
Open mouth stick foot in you fool . Showing me 150 million people own stocks is the point it affects all you low like POS
Posted by McLemore
Member since Dec 2003
31402 posts
Posted on 7/2/22 at 9:06 pm to
quote:

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


fricking moron.
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