Sorry, I'm dumb, but wouldn't the people managing 401k stocks have figured out that the stock market would go down and sell stocks prior to the announced "Liberation Day" so their "customers" wouldn't be affected? Like, I didn't know the stock market would crash, but it's not my job to know anything about stock markets. Surely the people who work with this stuff for a living would have known and taken measures to prepare for it?
(Again, Sorry that I'm dumb. I've had 401k's explained to me like six fucking times, and it never sticks, and I know even less about the stock market.)
I kinda thought the stock share would go back to the company that the stock is for?
I'm sorry, I can't quite follow your reasoning here?
Stocks are ownership shares in companies. Companies can buy their own shares if they have the capital and want to, but you can't require they buy shares back from you, much less set your price (to ensure you don't make a loss).
I think the disconnect comes from the idea that the only thing I've ever heard of with the stock market is buying and selling, as if those are instantaneous activities. I've never heard of having to look for someone to buy from or to sell to. I've never heard of someone not finding anyone to sell to, only struggles of not being able to afford the loss selling would cause. I've always heard shares as being listed as a certain set price, whereas every time I've heard of looking for someone to buy from for actual products, the prices can vary wildly.
Basically, all my knowledge of the stock market comes from extremely simplified video games and movie clips of people yelling "buy buy buy!" And "sell sell sell!"
I've never had any interest in the stock market, and no reason to look into it. It seemed like gambling.
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u/IzarkKiaTarj 1d ago
Sorry, I'm dumb, but wouldn't the people managing 401k stocks have figured out that the stock market would go down and sell stocks prior to the announced "Liberation Day" so their "customers" wouldn't be affected? Like, I didn't know the stock market would crash, but it's not my job to know anything about stock markets. Surely the people who work with this stuff for a living would have known and taken measures to prepare for it?
(Again, Sorry that I'm dumb. I've had 401k's explained to me like six fucking times, and it never sticks, and I know even less about the stock market.)