Submitted by Jd20001 t3_11w9qq4 in wallstreetbets
AW-408 t1_jcxfn9q wrote
Reply to comment by AmplitudeTrader in Sharon Stone: I lost half my fortune in banking crisis (One of Us!) by Jd20001
Shares are insured SIPC
AmplitudeTrader t1_jcxftrx wrote
You belong here. Shares are insured as in your brokerage can’t just gamble them away. But if the share price drops 50%, or gets bought out for $0.50 on the dollar you really do lose half.
AW-408 t1_jcxl6no wrote
She could have recuperated her loss if she was younger. Just open them legs. As you age, even if she paid you to look, you would close your eyes 🫣. Talk about devalue like all my stocks now.
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