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What is average balance of your bank account? |
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Day Light SAVINGS!!!? |
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I have checked my bank balance? |
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362436 | If Retirement Savers Lost $2 Trillion who made the 2 trillion? |
Additional Details Cause we lost 70 thousand we will never get back!
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lunatic
|
The money didn't go anywhere.
It's the VALUE of the money that tanked. |
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Sjean
 |
Nobody. It was "paper" wealth and has evaporated into thin air. |
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Justin H
 |
This is one of those instances where everyone loses and no one wins. The reason retirement plans have lost so much money is because of the stock market.
It works like this: Say you purchase 1000 shares at $100. You have $100,000 invested. If that share price drops to $50 then you have lost $50,000. But no one has actually gained from that price drop. It just means the value of the stock has gone down.
If you want to look for winners and losers, the winner might be the person who pulled their money before the stock price dropped and they re-invest at the lower price. These people will be able to buy more shares with the same amount of money which could make them even more money when the stock price recovers.
The other thing you have to realize is these losses are just on paper until the person divests - or cashes in. If they continue to hold those same stocks, they will get their money back as the price recovers.
EDIT
I will add that there are some people who earn money as the stock drops from a process called short selling. What they do is borrow shares from someone else for a fee and sell them at the higher price. When the stock price drops, they buy those shares back and earn a profit. |
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src50
 |
The investments didn't get lost. Their market value has decreased - a paper loss. Don't take the media so seriously. |
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Nick Z
 |
Investments in the stock market work the same way as investments in any other type of property work.
If you buy a house for $300,000, and a year later you are able to sell it only for $200,000. Then all it means is that you've overpaid for the house when you bought it. And you would've been better off if you waited for one year and bought it for $200,000 instead of for $300,000.
It's like that with stocks and any other property that can be bought and sold.
People who sold their stocks to retirement funds for $2 trillion dollars are the ones who got the money. Some of these people are businessmen who own and manage the companies. And others are investors and traders both foreign and domestic who buy and sell stocks on the stock market. |
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just me
 |
so sorry for you
i was made homeless last year so we have lost nothing this time around
we got shafted by the same bank which has been bought out by the uk gov |
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Beau.Gus
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NOBODY...
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JOHN B
 |
A lot of retirement money is put into stocks in the hopes that they will grow in value. However because a lot of industries are tanking their stock value is going down meaning that investments put into a company at say 50$ a share of stock - that was invested by the retiree's money management firm - have now decreased in value. Say my 401K suggest I put money towards Sherlock Mortgage and Real Estate. I then point half of my 401k towards that company. Say a total of 10,000$. If I leave it there and the company continues to lose money then my 10,000$ becomes 9500$ then 9000$ because the value of worth of that company becomes less and less.
No one actually MADE 2 trillion, its just that investments into speculative companies did not pay off and stock prices for these companies went lower and lower so stocks bout at 50$ a share are now only worth 35$ a share. Thats where the money went.
Hope that helps explain it some |
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matth3w
|
i was wondering the same thing! |
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tugar357
 |
No one. The housing market was over inflated. many people qualified for loan because the industry as a whole thought the prices would continue to rise. So you had a 150,000 dollar house should have gone up. If they defaulted it didn't matter as the house would sell.
When the bottom dropped on the housing market, all the mortgage backed securities were worthless. The money is gone. That 150 thousand dollar house is now worth about 90,000. |
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Scott K
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It's not a give and take answer. gain and loss are plug figures to span the gap between buy and sell. |
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SHANI D
 |
no |
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Aiden R
 |
Me!
NOW ALL BOW DOWN TO ME AND MY EVIL LAIR!
BWAAAAHAHAHAHAHAHAHA
Umm... the gov'ment. |
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Bunnie D
 |
dick cheany |
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Badkitty
 |
Exactly! Someone is getting rich off of this stock market??? |
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nick
|
Government. |
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JO
|
Interesting Question!
But i don't think we're gonna know the answer for that!!
or we're going to hear Different versions! |
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Rick
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Those CEO and company, basically those loss went to cover the company. |
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AnalystPundit
 |
"Lost" trillions consist of = 1. Paper gains reported previously, overrated + 2. Compensation to the Bankers/Banks/Traders (cost of running the business).
Make sense? |
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