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I had been super bullish on US stocks and I went super long on margins. Now, I am looking at losing everything and starting over from scratch in my 60s. I can’t
by bugbuddy 2y ago
I had been super bullish on US stocks and I went super long on margins. Now, I am looking at losing everything and starting over from scratch in my 60s. I can’t even hold water down right now. I feel like I need to go to the ER. Pray for me.
- mvdtnz 2y agoYou're losing everything because you're a gambler, not because markets are down single-digit percentages.
- bugbuddy 2y agoYou are right. I gambled everything away but the drop is much more than single digit at this point. I was concentrating my bets very aggressively. It is sinking in. Fortunately I will have some adult children who might be doing ok. I hope they will be willing to lend a helping hand. I am feeling so much shame. I cannot stomach my current predicament.
- archagon 2y agoBest of luck to you. I hope it won't be as bad, but I am reminded of my grandfather losing most of his hard-earned life savings during the changeover from communism to democracy in Russia. I'm sure it was devastating for him, but we took care of each other and he ended up OK. Alas, sometimes shit just hits the fan.
- mvdtnz 2y ago> the drop is much more than single digit at this point. S&P, Dow Jones and most ETFs are down about 8%. Single digits
- deleted 2y ago[deleted]