Yahoo Answers is shutting down on May 4th, 2021 (Eastern Time) and beginning April 20th, 2021 (Eastern Time) the Yahoo Answers website will be in read-only mode. There will be no changes to other Yahoo properties or services, or your Yahoo account. You can find more information about the Yahoo Answers shutdown and how to download your data on this help page.

Trending News

Promoted
?
? asked in Entertainment & MusicPolls & Surveys · 7 years ago

How rich would a person have to be to be down 112 grand in a day in stocks?

He owns mutual funds.

5 Answers

Relevance
  • JenWales
    Lv 7
    7 years ago

    Right now he'd have to have a couple of million or so. The market has been volatile.

    You don't have to be rich to have that much...you can be a diligent investor over a long period of time.

  • ?
    Lv 4
    7 years ago

    112k+ tax x 365 divided by 5(%) x 100 .minus wife n kids.

  • paul s
    Lv 6
    7 years ago

    Let's say the market drops 3% in one day.

    $112,000/.03 = $3,733,333

  • Barry
    Lv 6
    7 years ago

    I lost $11,000 last month in my fund of $350,000 so he would have had to have ten times that or $3,500,000..

  • How do you think about the answers? You can sign in to vote the answer.
  • Anonymous
    7 years ago

    Too rich and greedy

Still have questions? Get your answers by asking now.