rich people lose billions on the stock market all the time

[Harold O'brien]

where tf does this rich people always win and it's rigged against you narrative even come from

 

[Deleted member 14693]

They can afford losing, you can't

 

[Harold O'brien]

They can afford losing, you can't

?

you can put in amounts proportional to your overall wealth. there are no major fixed costs

 

[Deleted member 19499]

Depends on the level of richness we're talking about. Billionaires can mitigate their losses very well, but some millionaires can end up broke from a bad investment. The true wealthy elite like the Jews who run the federal reserve never lose since they essential manipulate the markets to favor them or they can tell banks to bail them when they fuck up.

 

[Eggs]

Lets take Musk for example how much he got? 240 billions? Well if he suddenly will lose 99,9% of everything he has, he, his children and few generation onwards are still set for life. What can we buy by using 0,1% of our wealth? McDonald's happy meal or one sushi delivery?

 

[Mongrelcel]

if you have a lot of money, you don't need to pressure yourself and take riskier positions - because a small % of a billion or a million is a lot of money

if you have little money, you have to do stupid shit to actually make cash, because small % of ten or a hundred thousand is very little

 

[Gonthar]

Lets take Musk for example how much he got? 240 billions? Well if he suddenly will lose 99,9% of everything he has, he, his children and few generation onwards are still set for life. What can we buy by using 0,1% of our wealth? McDonald's happy meal or one sushi delivery?

No, he will basically go bankrupt, he spends a lot and losing most of his money will mean the rest will soon go away too.

 

[Eggs]

No, he will basically go bankrupt, he spends a lot and losing most of his money will mean the rest will soon go away too.

OK. If he loose 99.9% and rest stay the same, then you are right he is bankrupt and f**ked.
This situation is hypothetical and unrealistic to begin with so I'm not going to discuss the details.

 

[Harold O'brien]

Every response here is a fallacy lol

If anything it sounds like it's rigged against rich people because they have more money to lose taking risks that can't be easily replaced with your average job