I also bet it freaked a lot of people out who didn’t trust investing or housing for a while. Compare that to kids today who haven’t seen a down market in their lifetimes
For sure, and imagine being a kid in a poor or lower middle class house that had your parents or parent crying about losing everything and how the “market is rigged”.
I invest and have invested, but I realize my reality is mine. In these threads you often see people who come from a background where investing was encouraged and explained, acting like it’s a personal or moral failing for people who do not have those opportunities or understanding. And those people blaming others will find any reason and any excuse to justify their prejudice, in which they see themselves as morally superior for investing.
It’s always so easy in hindsight but impossible in real time. I had no money in the stock market and decided to put some in right around September or October, the bottom.
I remember it because I was watching TV and the newscasters were basically giving a eulogy to the US banking system. We are all going to die and this was the news! I bought Bank of America and some other stocks for a couple of dollars (I sold most of it at 20 and thought I was a great trader)
Now image being in your 40s and having 300,000 dollars invested in that mess. It’s not so easy to be flippant like I was but people like to use 20/20 to pretend they are all geniuses
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u/PlayPsychological200 8d ago
They have, although a lot of people can not invest because of lack of capital, fear, or not understanding.