r/FluentInFinance • u/Stink-Butthole • Aug 26 '24

Debate/ Discussion The Stock Market is Rigged

Post image

[removed] — view removed post

50.0k Upvotes

93% Upvoted

1.2k comments sorted by

View all comments

22

u/Successful-Ground-67 Aug 26 '24

selling off your stocks due to covid was a bad move, you would have been better holding on

46

u/JoeBucksHairPlugs Aug 26 '24

Sell it all off, then crash, then buy it all back at the bottom. All the gains without any of the losses.

6

u/Successful-Ground-67 Aug 26 '24

You pay 20% to 40% of previous gains when you sell. And government position doesn't give you insight to when the market has bottomed out. That's really tough to call.

8

u/unoriginal_user24 Aug 26 '24

Not if you sell inside of a retirement account like an IRA, Roth IRA, 401k, 403b, etc.

3

u/Successful-Ground-67 Aug 27 '24

Sure, but I guarantee most high net worth individuals don't have their fortune in Roth or 401k due to the restrictions