• mosiacmango
    link
    fedilink
    English
    26
    edit-2
    19 days ago

    That’s actually a pretty good return, but only helps people with cash lying around, which generally are already rich fucks.

    It also assumes this is the bottom. That $2000 could become $1000 and it may take years and years and years to get to $2500 instead.

    There is no indication this is the bottom.

    • @ImplyingImplications@lemmy.ca
      link
      fedilink
      English
      1919 days ago

      That’s actually a pretty good return, but only helps people with cash lying around.

      Exactly. A 25% return is amazing, but turning $1 into $1.25 isn’t really that impressive. Turning $1,000,000 into $1,250,000 is. The two returns are the same but one made 25 cents and the other made 3x the yearly median income of a US citizen. “Buying the dip” only makes a difference if you’re already filthy rich.

    • @iheartneopets@lemm.ee
      link
      fedilink
      English
      1018 days ago

      Exactly. All the morons planning on buying the ‘dip’ before EU nations even announce their response to these tariffs are about to hurt themselves in confusion