this post was submitted on 11 Oct 2025
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Basically, the only way to truly “lose it all” in a market crash is if you’re all-in on a company that goes under - or if you actually own that company. Most investors don’t really lose anything. Their portfolio value drops for a while, but if they can wait it out, it usually recovers within a year or so.
When you hear about people losing their savings in a market crash, it’s usually because they panic-sold at a loss. Even then, they don’t lose everything - just a portion. People like me, who invest for the long term and mostly in highly diversified index funds, are more or less unaffected. We’re not planning to sell for decades anyway. If anything, we'll just buy more for a discount.
Not that I'm rich or anything but the point is that rich people generally aren't stupid when it comes to finances - otherwise they wouldn't be rich. It's the people who don't know better who take the hit.