My 401k dropped by 25% in the first pandemic month. It has, since, recovered somewhat. It is now down about 5% from the pre-pandemic amounts. This means that this month I have made an HUGE “profit.”
This article is irrelevant to anything except, the “rich people bad” narrative. Hey, hippies! Poor people do not employ you. Rich people do. If you want the economy to move, enjoy your iPhones and Starbucks’ coffee, the inevitable evil is some rich guy is profiting off that. Oh, and a host of retirement funds own Apple and Starbucks stock.
Good on you, Gen.
Yea who much did they loose in the 60 days prior to that? I bet it was a hell of a lot more that $282 billion.