The Twitch streamer Asmongold is known for his insights on MMORPGs like WoW, New World, or Lost Ark. Recently, he had great success with his streams on the controversial Diablo Immortal. But even though his career is going well, he hasn’t had the best luck with investments lately: The drop of many stocks on the stock exchange has caught up with him.
How much money has Asmongold lost on the stock exchange? The streamer stated in a livestream on Twitch that he lost over 150,000 $ (about 142,000 €) on the stock exchange in just one month.
In a conversation with his Twitch chat, he explains:
How many of you guys have lost money on the stock exchange – with the recession and everything? So I lost a lot … 20,000 US dollars? Nice if it were only that little! Should I really talk about how much I lost? *groans painfully* It’s over 150,000 $ in a month. It could be worse? Shit, sure, it could be worse. But I live off 2,000 $ a month, man.
Even conservative investors are facing the bad situation on the stock exchange
What is remarkable about that? There are often stories about streamers who lose huge amounts of money with risky investments:
- For example, YouTuber KSI lost several million euros in just a few days with extremely risky speculations on a cryptocurrency
- Streamers like xQc or Trainwreck are known to have lost huge sums of money at crypto casinos in gambling. xQc has also not shown a good hand with his Bitcoin investment.
However, Asmongold is considered a sensible investor who invests in “classic stocks” and growth industries. He holds nothing of things like “NFTs”. He thinks people have “lost their minds” when they spend thousands of US dollars to buy a picture of an ape.
But the looming recession of the world economy due to many individual problems has also hit such rather conservative investors hard in recent months:
- The NASDQ 100 index has fallen by almost 30% in the last 6 months – this is an index with huge established companies like Activision Blizzard, Amazon, AMD, eBay, Kraft Heinz, Marvel, Microsoft, PayPal, or PepsiCo
- The S&P 500, which includes the 500 largest publicly traded US companies, plummeted by 20.5%.
- Actually safe companies like Amazon have lost 31%
- Facebook has lost nearly 50% under the new Meta
- Tesla is now worth 26.7% less than it was 6 months ago
- Riskier currencies like Bitcoin have dropped by 56%
So it becomes clear that even “relatively conservative” investors, who actually handle their money reasonably, are not spared from incurring significant losses on investments, after a heated market cools down rapidly.
Much praise for Asmongold’s modest lifestyle
This is being discussed: Even more astonishing than the loss of money is perceived by fans that multimillionaire Asmongold lives on just two to three thousand US dollars a month, as he states.
In comments, many viewers praise the streamer for living so modestly despite his wealth and remaining grounded. Asmongold is said to be an inspiration for his fans, they say.
Interestingly, the “shameless e-girl” (self-description) Amouranth has a good hand with investments:
