4 ms·

Yep, many FAANG employees got rich trading during lockdown.

• valuearb 6y ago
  They all went busto yesterday.
  • Cthulhu_ 6y ago
    Only if they went all in on an overvalued meme stock like GME; if they put money in an index, like the one that follows the S&P 500, they would be up by anywhere between ~10% and ~45% depending on when they got in. Long-term, broad-spectrum trends have always been upwards. TL;DR don't bet all your money on one horse. stock. whichever. (This is not financial advice, I am not a financial expert, and results from the past are not representative of future results)
  • frockington1 6y ago
    Market was up almost 2% yesterday, great day for anyone over the age of 20
• doovd 6y ago
  Can't tell if this is sarcasm but this is, on balance of probabilities, not true.
  • frockington1 6y ago
    Lockdown was an incredible easy time to make money. The market is up over 50% from the lows. Was an incredibly easy time to make a lot of money with very little effort or skill
  • mschuster91 6y ago
    People who had the spare cash lying around to "buy the dip" of the March 2020 crash (https://en.wikipedia.org/wiki/2020_stock_market_crash https://en.wikipedia.org/wiki/2020_stock_market_crash) caused by coronavirus panic and held their stocks until now have enjoyed 58% growth of their investment even when picking dumb index funds (e.g. S&P 500: 2237.40 at 23.03., current 3826.31). Crises of this magnitude always benefit those with liquid assets / cash who can afford to buy out those who have to exit out of (financial) pressure and ride out the crisis. The 2008ff crisis was just the same - whoever bought a house at fire-sale foreclosure rates back then now has a lot of net worth.
    • deleted 6y ago
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