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How much did you lose in the stock market meltdown?

How much did you lose in the stock market crash?

  • None, I have no assets and am broke or have no stocks

    Votes: 10 12.5%
  • 0-$10,000

    Votes: 11 13.8%
  • $10,000-50,000

    Votes: 23 28.8%
  • $50,250000

    Votes: 19 23.8%
  • $250,00-1 million

    Votes: 10 12.5%
  • More than $1 million

    Votes: 7 8.8%

  • Total voters
    80

stinkynuts

Super
Jan 4, 2005
7,555
2,212
113
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

RockStar
Jan 16, 2004
3,829
173
63
Paradise by the dashboard light.
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

Well-known member
Jan 25, 2019
1,021
798
113
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

Well-known member
Oct 18, 2010
1,099
74
48
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

Well-known member
Nov 28, 2003
46,378
4,784
113
It is probably not over yet.
 

Insidious Von

My head is my home
Sep 12, 2007
38,713
6,711
113
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

Super
Jan 4, 2005
7,555
2,212
113
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

Super
Jan 4, 2005
7,555
2,212
113
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

Super
Jan 4, 2005
7,555
2,212
113
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

Super
Jan 4, 2005
7,555
2,212
113
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

Well-known member
Oct 21, 2007
9,839
1,750
113
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.
 

onthebottom

Never Been Justly Banned
Jan 10, 2002
40,558
23
38
Hooterville
www.scubadiving.com
It will be time to buy oil soon.
 

malata

RockStar
Jan 16, 2004
3,829
173
63
Paradise by the dashboard light.
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

A Fine Lickor !
Jul 5, 2002
930
42
28
Omnipresent
www.chivas.com
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.
 

rhuarc29

Well-known member
Apr 15, 2009
9,636
1,237
113
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.
 

onthebottom

Never Been Justly Banned
Jan 10, 2002
40,558
23
38
Hooterville
www.scubadiving.com
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