How much did you lose in the stock market meltdown?

[stinkynuts]

I lost over $40,000 since it was mostly in index funds (Down, Nasdaq, and S&P).

I doubled down and took out a $30,000 loan from my credit card (0% interest for one year), and put 30,000 more into the funds.


I am shocked and reeling at this huge loss. How is everyone else doing?

 

[malata]

i have to ask. what prompted you to invest more money in your portfolio, in a falling market, with money you don't have. are you stinkynuts

 

[farquhar]

I lost over $40,000 since it was mostly in index funds (Down, Nasdaq, and S&P).

I doubled down and took out a $30,000 loan from my credit card (0% interest for one year), and put 30,000 more into the funds.


I am shocked and reeling at this huge loss. How is everyone else doing?

That's nothing Stinkynuts...I know people who are down $1MM....but guess what? They don't care. The losses are on paper only; and the investments produce plenty of cash flow.

Are you intending to pay off that $30,000 Cash Advance in the next 12 months? If not, that loan is going to be costing you 24.99%. Your nuts may be stinky; however, you got big balls leveraging in this current situation.

 

[brazilianguy]

I lost over $40,000 since it was mostly in index funds (Down, Nasdaq, and S&P).

I doubled down and took out a $30,000 loan from my credit card (0% interest for one year), and put 30,000 more into the funds.


I am shocked and reeling at this huge loss. How is everyone else doing?

You're really bad at investing aren't you. To me and some others it's like a fat kid in a candy store right now lol

 

[danmand]

It is probably not over yet.

 

[Insidious Von]

I lost over $40,000 since it was mostly in index funds (Down, Nasdaq, and S&P). I doubled down and took out a $30,000 loan from my credit card (0% interest for one year), and put 30,000 more into the funds.

You performed a miracle, you should be beatified - funky smell and all. How did you manage to get a cc with 0% for one year? They are notorious Shylocks when it comes to skimming off debt.

 

[stinkynuts]

i have to ask. what prompted you to invest more money in your portfolio, in a falling market, with money you don't have. are you stinkynuts

The market is down a lot, and the dow fell 2,000 more points. I think that within one year, it will rebound. Hopefully.

 

[stinkynuts]

You performed a miracle, you should be beatified - funky smell and all. How did you manage to get a cc with 0% for one year? They are notorious Shylocks when it comes to skimming off debt.

Actually, it's not true.

It's a balance transfer with a 0% rate for one year. I had to pay a 3% fee though. But still, since the market is down 25%, in one year I think it will rebound more than 3% to recoup my losses and make a small profit.

 

[stinkynuts]

It is probably not over yet.

Definitely not. The virus spreads very easily and with no travel restriction within the USA, it will spread like wildfire, like China. But unlike China, which imposed incredibly strict measures (essentially cuttinf off enitre cities of millions), the USA will see it unchecked, and 70% of the population will be infected (according to experts). This will result in hundreds of thousands of deaths, panic, people not going out, resulting in low economic activity, a recession, more panic, recession, and a very sharp drop in markets. I think the Dow could hit 15,000 easily.

 

[stinkynuts]

That's nothing Stinkynuts...I know people who are down $1MM....but guess what? They don't care. The losses are on paper only; and the investments produce plenty of cash flow.

Are you intending to pay off that $30,000 Cash Advance in the next 12 months? If not, that loan is going to be costing you 24.99%. Your nuts may be stinky; however, you got big balls leveraging in this current situation.

It's a risk made more out of desperation and "what have I got to lose" rather than balls. I am desperate to recoup the money I lost. I am very careful with my money and the other day didn't want to spend a few bucks on french fries, and just got a hamburger and drink. Now imagine losing 40k in a few days.

 

[black booty lover]

i have to ask. what prompted you to invest more money in your portfolio, in a falling market, with money you don't have. are you stinkynuts

That sig pic of the dog sitting on the cats face is killing me. Dogs do that once in a while..lol. I saw clip of all these dogs sitting on kids faces...lol.

 

[black booty lover]

i have to ask. what prompted you to invest more money in your portfolio, in a falling market, with money you don't have. are you stinkynuts

Malata,

Check this out...lol.

 

[onthebottom]

It will be time to buy oil soon.

 

[black booty lover]

It will be time to buy oil soon.

Can you pm me when I should do this?

 

[malata]

The market is down a lot, and the dow fell 2,000 more points. I think that within one year, it will rebound. Hopefully.

meeting margin calls on your cc must keep you up at nights. lots of volatility to come. dc planning a stimulus package, s&p up 100 points this morning

 

[Chivas Regal]

I lost over $40,000 since it was mostly in index funds (Down, Nasdaq, and S&P).

I doubled down and took out a $30,000 loan from my credit card (0% interest for one year), and put 30,000 more into the funds.


I am shocked and reeling at this huge loss. How is everyone else doing?

That is the dumbest financial decision you could have made....

I assume you do not have a financial advisor.

 

[malata]

Malata,

Check this out...lol.

haha. that's some stinkynuts

 

[rhuarc29]

Definitely not. The virus spreads very easily and with no travel restriction within the USA, it will spread like wildfire, like China. But unlike China, which imposed incredibly strict measures (essentially cuttinf off enitre cities of millions), the USA will see it unchecked, and 70% of the population will be infected (according to experts). This will result in hundreds of thousands of deaths, panic, people not going out, resulting in low economic activity, a recession, more panic, recession, and a very sharp drop in markets. I think the Dow could hit 15,000 easily.

Hundreds of thousands of deaths sounds like an understatement. Given a 70% infection rate, you're going to see 7-8 million deaths going off the global mortality rate. Could be worse too, as the virus is most lethal against aging populations, of which America has a lot.

 

[peeler_feeler]

That is the dumbest financial decision you could have made....

I assume you do not have a financial advisor.

I might say that dumbest financial decisions I have made is spending too much money over the years on this hobby almost to the point of no return...

 

[onthebottom]

Can you pm me when I should do this?

I will when I buy, not sure I guarantee “should”