Painful 2 days (April 3/4, 2025)

[Atretes1]

Down 62k on Thursday
Down 101k on Friday

bought 4 shares of VTI on Friday at $250

back in March I shielded larger cash amounts (e.g. yearly bonus) in a 9-month CD so I didn’t do anything stupid with it.

also started the year out with a lower 401k contribution. Dumb luck.

couldn’t bring myself to sell anything because it has always worked out in the past.

hopefully this time is not different. We always feel like it is (tech in 2000, financial crisis 2008, covid 2020 and others ). I’ve rode out all of those so here is hoping things rebound, eventually


what is with these ads?????

I've been buying VTI down in my taxable account with extra cash that I have. I'm down on all the new buys. I will still buy it down until I run out of money that I want to spend.

[Snydley]

Like ua_guy, I pulled all my retirement out of the market a few weeks ago. As I explained in another thread, I did this for the reasons ua_guy explains in his posts, as well as my new total unwillingness to fund the billionaires stealing from those lower than them on the corporate totem pole.

My net worth is now 2.5 million. I own my home outright. I'm 50 and just spent over two decades climbing the sexist ladder of academia. I am absolutely going to live by my values 100% moving forward, with a big F%# you attitude when someone asks me to compromise them and to do what hurts others. I'm ready to live on little income and to get more time back in my days.

[Atretes1]

Like ua_guy, I pulled all my retirement out of the market a few weeks ago. As I explained in another thread, I did this for the reasons ua_guy explains in his posts, as well as my new total unwillingness to fund the billionaires stealing from those lower than them on the corporate totem pole.

My net worth is now 2.5 million. I own my home outright. I'm 50 and just spent over two decades climbing the sexist ladder of academia. I am absolutely going to live by my values 100% moving forward, with a big F%# you attitude when someone asks me to compromise them and to do what hurts others. I'm ready to live on little income and to get more time back in my days.

Billionaires stealing money please explain?

[ua_guy]

I think there are a LOT of people who never imagined this would "actually" happen. Negotiating tactics, and such. But, what are we negotiating for? We're already the richest nation on earth and lead in so many ways.

Watching people double down on tariffs is disappointing. We've all lost money, it hasn't been good for the economy - even the mention of tariffs - so, can we please move on?

[Atretes1]

I think there are a LOT of people who never imagined this would "actually" happen. Negotiating tactics, and such. But, what are we negotiating for? We're already the richest nation on earth and lead in so many ways.

Watching people double down on tariffs is disappointing. We've all lost money, it hasn't been good for the economy - even the mention of tariffs - so, can we please move on?

I haven't lost anything. My accounts are down. You dont lose unless you sell when they are down. They are have been up and down since I started investing. All in all they are up since day one of investing.

[ua_guy]

I haven't lost anything. My accounts are down. You dont lose unless you sell when they are down. They are have been up and down since I started investing. All in all they are up since day one of investing.

That's a good clarification. While you may not have lost actual cash in your individual situation, your assets did lose value. The overall market lost almost $6 Trillion in value because of talk of tariffs and actual tariffs so far, and that has far reaching effects.

[Snydley]

Billionaires stealing money please explain?

Here's two examples: (1) Disney, Ohana restaurant: it costs $75pp for all you can eat food with waiter service. Last year, they asked us what we would like from each course option, and we took home what we didn't finish that was left on the table (you know, like we all do at restaurants, all the time). This year, the waiter brought out full plates of steak, shrimp, chicken, salad without asking us first, and then, when I asked for to-go boxes, he said he wasn't allowed. He said the CEO of Disney was in the restaurant a few months prior and told him no more to go boxes. Also, I would guess he threw in a 'get it all on the table' rule so people don't ask for their money back when they eat considerably less than $75 worth. I then asked if the food would be donated, and he said no, if it's on the table it gets composted. The waiter said he was sorrym that he felt like it was our food because we paid for it (damn right we did!!). And what an incredible waste, how horrible for the environment, all that meat into the garbage, all so people staying at Disney keep spending $ of food and don't eat leftovers kept in the hotel rooms for another meal.

(2) Airbnb: I have been a big time Airbnber in the last 5 years, I have used them all over the US and in Europe. Last year, I rented one and then realized I wouldn't be using that rental for our trip. I asked the owner if I could have just one more hour to make this decision than what was allowed in their refund policy; she said sure. This was a mid-week very off-season rental (total bonus $ for her); I took the extra hour to cancel. She then refused to refund any of my $. I called Airbnb several times, asking them to cover the 1/2 deposit ($800), because it's all documented in our message exchanges that she has agreed to give me one more hour. I was so shocked that they said to me "that is between you and her'. What gives Airbnb the right to take a good amount of $ from all these transactions if there's no protection on their end?? This is very different from how they treated me in the past.

In both cases, stealing.

[Atretes1]

Here's two examples: (1) Disney, Ohana restaurant: it costs $75pp for all you can eat food with waiter service. Last year, they asked us what we would like from each course option, and we took home what we didn't finish that was left on the table (you know, like we all do at restaurants, all the time). This year, the waiter brought out full plates of steak, shrimp, chicken, salad without asking us first, and then, when I asked for to-go boxes, he said he wasn't allowed. He said the CEO of Disney was in the restaurant a few months prior and told him no more to go boxes. Also, I would guess he threw in a 'get it all on the table' rule so people don't ask for their money back when they eat considerably less than $75 worth. I then asked if the food would be donated, and he said no, if it's on the table it gets composted. The waiter said he was sorrym that he felt like it was our food because we paid for it (damn right we did!!). And what an incredible waste, how horrible for the environment, all that meat into the garbage, all so people staying at Disney keep spending $ of food and don't eat leftovers kept in the hotel rooms for another meal.

(2) Airbnb: I have been a big time Airbnber in the last 5 years, I have used them all over the US and in Europe. Last year, I rented one and then realized I wouldn't be using that rental for our trip. I asked the owner if I could have just one more hour to make this decision than what was allowed in their refund policy; she said sure. This was a mid-week very off-season rental (total bonus $ for her); I took the extra hour to cancel. She then refused to refund any of my $. I called Airbnb several times, asking them to cover the 1/2 deposit ($800), because it's all documented in our message exchanges that she has agreed to give me one more hour. I was so shocked that they said to me "that is between you and her'. What gives Airbnb the right to take a good amount of $ from all these transactions if there's no protection on their end?? This is very different from how they treated me in the past.

In both cases, stealing.

These are lousy examples of what "you" call stealing. Typically all you can eat establishments do not let you take food home (not stealing). I am not commenting on the cancelation policy because it can vary widely.

[Jluke]

Sunday April 6: DOW futures down 1500 already.

I may lose millionaire status soon (1.5 recently; 1.3 now)

[disneysteve]

Sunday April 6: DOW futures down 1500 already.

I may lose millionaire status soon (1.5 recently; 1.3 now)

We're already down over a quarter million year to date. I'm sure we'll drop even farther in the coming days until this tariff nonsense gets reversed.

[bjl584]

I think things are getting oversold.
Might be a good time to start bargain shopping.
A year or two from now, the markets will probably recover, and everyone will have forgotten all about this, just like with all past market sell offs.

[skives]

Is anyone here buying anything on the downturn as far as individual stocks?

[ua_guy]

This is a policy problem, and I don't think it's over yet. Wait until the tariffs actually start wrecking the economy. That's when I plan to buy again.

[james.hendrickson]

All - just piping up here. Weeks like this are the reason that investors should hold some bonds in addition to stocks.

[ua_guy]

And I think it will continue to fall...