Yep, when I started investing about 20 years ago I read as much as I could, one thing that always stuck with me was a Warren Buffet quote “be fearful when others are greedy and to be greedy only when others are fearful”.
That’s generally how I approach investing in stock and Bitcoin. There are exceptions of course, but that’s the general plan. This stock or whatever isn’t failing, it’s on sale.
Wellllll, we’re heading into completely uncharted territory here. No Warren Buffet wisdom has any relevance, because no one has dismantled the US government like this before. And we’re only a month in. Extrapolate one month of damage over a 4-year term… we’ve experienced 2% of a Trump/Musk term.
Yeah I would absolutely recommend selling everything now, it’s going to go much, MUCH lower. If you really want to play that game, wait until it’s all hit rock fucking bottom to buy again.
OTOH it’s likely that they’ll be trashing the value of the dollar at the same time they’re trashing the stock market. So being all cash might not be such a great plan, unless your cash is some other color than green.
IMO they are trying to tank the whole world’s economy and leave the only true wealth in the form of land, manufacturing capacity and extractable resources like fossil fuels. So I would recommend selling your stocks and buying Saudi Arabia.
To each their own, I’ll stick with my method and you can do yours. We’ll just have to wait and see who’s got the right idea in this uncharted landscape.
I wish you the best of luck, not sarcastically either.
That’s what most people don’t get about investing-- there is money to be made in both market directions. The rich understand that.
Yep, when I started investing about 20 years ago I read as much as I could, one thing that always stuck with me was a Warren Buffet quote “be fearful when others are greedy and to be greedy only when others are fearful”.
That’s generally how I approach investing in stock and Bitcoin. There are exceptions of course, but that’s the general plan. This stock or whatever isn’t failing, it’s on sale.
Wellllll, we’re heading into completely uncharted territory here. No Warren Buffet wisdom has any relevance, because no one has dismantled the US government like this before. And we’re only a month in. Extrapolate one month of damage over a 4-year term… we’ve experienced 2% of a Trump/Musk term.
Yeah I would absolutely recommend selling everything now, it’s going to go much, MUCH lower. If you really want to play that game, wait until it’s all hit rock fucking bottom to buy again.
OTOH it’s likely that they’ll be trashing the value of the dollar at the same time they’re trashing the stock market. So being all cash might not be such a great plan, unless your cash is some other color than green.
IMO they are trying to tank the whole world’s economy and leave the only true wealth in the form of land, manufacturing capacity and extractable resources like fossil fuels. So I would recommend selling your stocks and buying Saudi Arabia.
Every dip is “uncharted territory”
The COVID quarantine was uncharted.
The 2008 financial crisis was uncharted.
The 1999 tech bubble was uncharted.
To the market, today’s just another Tuesday.
So there’s a failsafe for these kinds of crises called “government”.
What’s currently uncharted is that we are dismantling the failsafe.
If you think any of those are in any way comparable to what’s happening now, you aren’t paying enough attention.
To each their own, I’ll stick with my method and you can do yours. We’ll just have to wait and see who’s got the right idea in this uncharted landscape.
I wish you the best of luck, not sarcastically either.