4 ms·
Can't tell if this is sarcasm but this is, on balance of probabilities, not true.
by doovd 6y ago
Can't tell if this is sarcasm but this is, on balance of probabilities, not true.
- frockington1 6y agoLockdown 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 agoPeople 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[deleted]