The Depression All Over Again – Don’t Let This Be You.

In the face of losing $38,000 in the stock market, a man in Hong Kong lept off a railroad bridge – and lived. Whether you believe that you should invest more, take some time out, buy gold, or whatever your belief is in this down market, trying to commit suicide because of lost money is not a solution. After all, it’s just money – money that if you were alive, you could get back one way or another.

You read about the people who kill themselves after losing money and you have to wonder – was money that important to them? More important than their families, their health, their lives? I can’t imagine thinking it, and neither should you. Just a thought…

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Comments (6)

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  1. plonkee says:

    I’ve always wondered whether some people do it because the debts can’t be inherited. In any case, I’m 100% certain that it’s not worth it.

  2. boomie says:

    Watch the movie: “It’s A Wonderful Life” and see the true meaning of money. We don’t realize how our lives touch the lives of others and how we can positively affect another human being.

    We are born into this world without money and we will be leaving without money. That’s how stupid and ridiculous the pursuit of money can be (when you realize it).

    Please people: don’t worry about a thing. It always works itself out.

  3. JoeTaxpayer says:

    People who have a good sum invested need to understand their own risk tolerance. If a 50% drop in the stock market will keep you up at night, your portfolio has too much stock in it. For some people, this means 50% stock/ 50% cash (bonds). For others, a higher percentage is ok. I did well enough the the late 90’s that the crash didn’t keep me up, I was still better off than before that boom. No loss is worth suicide.

  4. MoneyNing says:

    Yikes! I wonder if that person who lived will find better meaning for his life after he recovers!

  5. Worrying about losses (eg. unable to sleep) relates to your risk tolerance. But getting suicidal over losses seems unrelated to risk tolerance. To decide to kill yourself I imagine you’d have to be severly depressed and feeling despondent already. The financial loss is just a trigger, similar to any other stressful event such as job loss, divorce, illness, death of a loved one etc. Rational thoughts about whether or not the setback can be overcome in the longer term don’t apply – otherwise all suicides would be done by people with large life insurance policies that they’d held for at least 13 months.

  6. I agree. You should consider that you probably built up your savings. Sometimes you get roadblocks and sometimes you don’t. Just consider that you hit a roadblock early on and you never had that $38K to lose. Its all relative. You’ll find that things are never as bad as what our mind conjures them up to be.