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This means you have about a million dollars in stock investments alone, which you put you in a different class.
by eanzenberg 7y ago
This means you have about a million dollars in stock investments alone, which you put you in a different class.
- CamperBob2 7y agoDoesn't mean any such thing. Maybe s/he is into options? It hurts to watch that much money go away even when it's in the form of unrealized gains.
- anonoholic 7y agoThat would keep me calm! I'm pleased to report though that I lost nothing, since that's about how much I have.
- damon_c 7y agoGet something started ASAP. I left a job when I was 28 with a depressing $21k in 401k. After sitting there for 16 years, it's now... big enough where it lost almost that much this last week. Compounding... really... works...
- deleted 7y ago[deleted]
- CobrastanJorji 7y agoAssuming the majority of their assets are in stocks, and they have around $1 million in stocks, they are around the 95th percentile of American households or slightly lower. Getting to the top 1% would require around $10 million.
- xwdv 7y agoI'm not sure why that should have anything to do with it. Like anyone else I still feel the pain of losing thousands of dollars, and I still get the dopamine rush from seeing the numbers going up and turning green. The only difference is that I have more of it.
- C1sc0cat 7y agoI think the previous answer appeared to be investing in futures /warrants or some highly leveraged security. Seeing my normal shares ISA drop £2.5k yesterday and £1.5k the day before as a bit sobering.
- xwdv 7y agoNope, Squares big drop after earnings took a big chunk and then came the trade war.