My money is on the S&P. It's going to bounce right back when this is all over. Firesale right now.
We all know POTUS is getting 4 more years. How could you not be long US?
Of course you are. It's painful for all of us. But smart money sees this as what it is. The media has panicked people into selling. If you believe the long term outlook is good, you are crazy not to buy right now.
If you don't think that, then don't buy into the market.
Good example of why I personally don't like stock picking. I believe the people who truly get rich on picking stocks are acting on inside information. Too many times I've picked stocks with all the right fundamentals, only to have a black swan event drive it south.
That's why I mentioned the S&P. I think the overall long term outlook of the market as a whole is good.
Fair point. Thanks for mentioning and very good for consideration.
Of course it's all a cesspool, but where else are you going to put your money? Most of us are forced into this cesspool. You aren't getting a return anywhere else unless you have the capital to invest in real assets, which is tough for most.
We better not get robbed of debates between creepy joe and POTUS. You can't put a price on entertainment like that.
Good for you man. I envy you for getting out and being able find a way to live happily. I am stressed all the time about how I will ever comfortably retire.
We got fucked, and the fed is the reason. Remember when people used to retire on CD ladders? Fuck, what you get today? At best a point? Like I said, we have been forced into this casino, and if you sit on the sideline and save you are penalized because they are stealing your wealth through inflation year after year.
I'm working towards real-estate. Not that I like the idea of being a landlord, especially in this over-valued market, but at least housing is a real asset that returns cash that you can somewhat count on.
I got interested in gold years ago, and I am glad I didn't buy heavily into it. Gold has done nothing over the last decade. Though I have to admit, if we go to a gold standard, everyone who is holding it may do very well. Risky bet though.
My hope is that POTUS has a plan to return us to a real market and money system when this is all over.
I hear you anon. This whole system is fraudulent, so on one hand, I favor debt forgiveness. On the other hand, the idea of it pisses me off. My wife and I lived on a cash shoe-string budget for 6 years after we got married to pay off our student loans while we had friends with comparable incomes driving luxury cars and taking nice vacations, etc. If debt forgiveness is on the table, there needs to be something for those who were responsible and sacrificed.