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re: Did anyone just get rich?
Posted on 4/9/25 at 4:04 pm to i am dan
Posted on 4/9/25 at 4:04 pm to i am dan
The people with the most cash on hand to buy when the market bottomed out aren’t people like me and you. It was the 0.1% aka Trump and his buddies.
It’s another wealth transfer from the poor and middle class to the elite. Been happening pretty often this decade really.
I’m sure when this lunacy is all said done there will be reports of how much the richest of the rich made during this economic downturn.
It’s another wealth transfer from the poor and middle class to the elite. Been happening pretty often this decade really.
I’m sure when this lunacy is all said done there will be reports of how much the richest of the rich made during this economic downturn.
1
Posted on 4/9/25 at 4:07 pm to RaoulDuke504
Take away 20% of what someone has and give them back 1/2 of what you took away. That is what has happened today. The two do not add up to anyone getting rich.
Posted on 4/9/25 at 4:23 pm to HoustonChick86
Same here. Im hoping XLM and XRP pop off next.
Posted on 4/9/25 at 4:36 pm to RaoulDuke504
I get individual company stocks may drop but has the market as a whole ever gone down for an extended period outside of 1929 and 2008? It’s rooted in perpetual growth, the dip will always go back up and surpass where it was.
Posted on 4/9/25 at 5:06 pm to RaoulDuke504
quote:
Stock are exploding upwards with the tariff pause.
There has been a huge sell-off over the past 5 days.
For every share sold, there was a buyer.
All of the people who bought those shares that were sold off made money (on paper) today.
Posted on 4/9/25 at 5:12 pm to Stinger_1066
quote:
All of the people who bought those shares that were sold off made money (on paper) today.
It's all "on paper* with no real assets backing it up. Corporate valuations are pure make-believe.
Posted on 4/9/25 at 5:14 pm to RaoulDuke504
I have two healthy kids, a sexy wife that loves me and still puts her mouth on it a few times a week.
I’m as rich as any man in the world.
I’m as rich as any man in the world.
Posted on 4/9/25 at 5:28 pm to Slippy
quote:
Read something this morning about record numbers of 401k holders bailing out of stocks in the last few days.
“Turn off the news” has to be the best, most often-spoken piece of advice that most people refuse to follow.
Posted on 4/9/25 at 7:19 pm to RaoulDuke504
A very good day..NVDA @ $87+change yesterday..
Posted on 4/9/25 at 7:32 pm to Slippy
quote:
Read something this morning about record numbers of 401k holders bailing out of stocks in the last few days.
The folks with the best performing portfolios are dead people.
Posted on 4/9/25 at 7:46 pm to RaoulDuke504
quote:
Did anyone just get rich?
Define rich.
I may have, or maybe not. Depends on your perspective.
Posted on 4/9/25 at 7:53 pm to GetCocky11
quote:
Yeah Trump and his buddies probably just got richer
The greatest pump and dump scheme in the history of the stock market. The baws with deep pockets made way more than we did and I bought stuff everyday during this chaos.
Posted on 4/9/25 at 7:54 pm to GetCocky11
quote:
Yeah, the average person can't do that, and that includes 90% of this board even though everyone tries to act rich here.
The average baw can’t afford the price of eggs.
Posted on 4/9/25 at 7:57 pm to GetCocky11
quote:
Yeah, the average person can't do that, and that includes 90% of this board even though everyone tries to act rich here.
Typical liberal loser…keep feeling sorry for yourself. If people weren’t selling because they believed the liberal hysteria, there wouldn’t have been an opportunity to buy for those “rich” people.
Posted on 4/9/25 at 8:01 pm to i am dan
quote:
Yeah Trump and his buddies probably just got richer
quote:
How so? Explain in detail. Edit Oh, a downvote rather than an explanation. That's what I thought. You're just empty bullshite.
In terms that someone like yourself could understand; envision a scenario where I told you every score of LSU football games for an entire season before the season starts. Then imagine I gave you a $1 million to use that foresight.
Mondays fake news about a pause that moved the markets in multiple directions was a complete test run. It was just practice. This was thievery in broad daylight.
Posted on 4/9/25 at 8:12 pm to YungFO
quote:
The people with the most cash on hand to buy when the market bottomed out aren’t people like me and you. It was the 0.1% aka Trump and his buddies.
It’s another wealth transfer from the poor and middle class to the elite. Been happening pretty often this decade really.
I’m sure when this lunacy is all said done there will be reports of how much the richest of the rich made during this economic downturn.
Didn't he announce to the entire world on Tuesday, "now's the time to buy?"
Posted on 4/9/25 at 8:19 pm to Motownsix
I was down about $30k in the acct I am active in. I am now down about $15k. I bought another chunk of gold in Oct. It is up $12,500. Overall, my gold is down around $13k since highs.
Added 250 of an ETF and am down $125 right now. I am holding all, selling nothing. I think Dec. will be up from Jan.
Added 250 of an ETF and am down $125 right now. I am holding all, selling nothing. I think Dec. will be up from Jan.
Posted on 4/10/25 at 9:26 am to Bayou
If you needed him to announce that to you for you to know that, you’re probably not very smart. But that’s fine. Neither am I. My point was people on TD may have had a several thousands of dollars to throw in the market whereas they had BILLIONS.
I had 17 grand to buy while things were bottoming out. Turning that into 22 grand isn’t really all that impressive in the grand scheme of things. Turning 4 billion into 4.5 billion is a massive haul.
I had 17 grand to buy while things were bottoming out. Turning that into 22 grand isn’t really all that impressive in the grand scheme of things. Turning 4 billion into 4.5 billion is a massive haul.
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