Walk in the park compared to the summer down swing and rebound of 875k lol. It helps a lot when you know the money is in the hands of a world class team who themselves own a 20% stake.
How do you manage to lose that much in a market where even the biggest regards are up 20-50%?
Just park your money in any S&P 500 fund and just go do something else.
Want a REAL regard story that suddenly makes everyone on this sub look sane? Have a middle aged aunt (think she’s like 55) who’s now single (her Harvard and Yale educated husband who literally ended up being a park ranger divorced her for this, but hey they get paid pretty well much more than you’d think) and she quit her random public service job to build a shitty startup. I think she hired Indian developers to create some lost and found app that lets people attach a QR code to their personal belongings, relying on the generosity of strangers to find them and scan a QR code that shows the owner’s contact information (what a shitty idea). I found out she spent $2.2 MILLION to create this and sold her house and cleaned out all her retirement accounts and now she’s literally broke (no idea what the hell she spent all that money on or how she’s even surviving right now). Plus it’s generating like $1k a month in revenue and have no idea how she’s gonna live off that. Homeless shelter or what…
Yay the park is the big sell for UWS for me, bu damn does the FiDi have so much modern convenience.
Craziest thing was sitting outside the NatHis museum in broad daylight and seeing 20+ rats running around in the open.