9/10 people “investing” know it’s bullshit, they’re just gambling with other degenerates in a weird game of chair-circle or whatever the fuck that childhood gane was called.
our entire economy has been around facilitating speculation, because it “increases liquidity”, so now we have a nation of gamblers where noone wants to work…and why would they when work is punished
plenty of household names went down during dotcom, you don’t remember any of them because they went out of business, some of the ones that survived are only just now recovering to their dotcom-highs…
cough
IBM
cough
they’ve been a negative/stagnant growth company for over a decade…so consider what’s about to happen to their price again.
i have only heard bad things about japanese prisons
like they’re probably clean and the food is palatable, but outside of that they’re hell on earth
happens every time a social media platform gets popular, no real way around except strong/consistent moderation
i’m 4000% ytd, i can see why people get addicted to this.
they’re all playing the same game
it’s a big club and we’re not in it
the SEC does not exist under republican administrations and it only exists to protect rich people under democrat ones, as it has been literally since it was created.
whole goddamn US economy is built around speculation and insider trading trying to get an edge on that speculation
i thought maybe i was “special”, looking all around for some kind of explanation for what the fuck is wrong with me…and then one day (after a mental breakdown, which triggered an acid flashback) I realized…I think I might just be fucking lonely man. I honestly can’t remember the last time I hugged anyone, or engaged in anything more intimate than a handshake
*there’s definitely seems to be something wrong with my brain chemistry, but without fixing some core issues I know realize I’v been ignoring I really can’t be sure if it’s not just a symptom something more mundane
tbf, improper diets and insufficient medical care, general social isolation made worse by an intentional housing “crisis” that is destroying communities, (and stress itself, exacerbated by those things and job insecurity) can all trigger latent risk anyone might have for X mental Illness…the US is a very sick place, in more ways than one.
us apes are social creatures, we need proper social interaction in order to not go fucking crazy…and right now we have tech/media companies (and governments) all fighting for control over what digital bubbles they want to keep their populations isolated in…and so far they’re winning
my personal plan is to gather as much capital as i can while this everything bubble goes wild (fuck it, look at total volume levels now vs…anytime last 30 years…nobody but degenerate gamblers and those that should know better are playing right now), then…go on a mass-building spree to drive down the price of housing.
high density, high-quality, affordable housing built for sale not rent, sold exclusively to long-time local residents and/or first-time home buyers. my hope is this crashes individual localized housing markets, as the local rent parasites cant find renters and since they probably took loans out on their properties to throw into the casino…
then i swoop in, buy their distressed property on the cheap, throw down even more high-density/quality, affordable housing for sale.
repeat until everyone has a home
i like the idea of wired headphones, but in practice they’re kind of annoying
most of those sales on credit actually
selling shovels aint illegal
selling shovels on credit is pretty dumb though
I dont know there, US cemented itself as center of world trade/finance specifically so it could have as kuch reach as possible.
got to talk to an actual financial advisor for that kind question, a proper one who is legally obligated to work in your best interesr.
but, my first guess would be to look at what orher countries/big foreign interests are doing. ones selling off all their US bonds and whatnot, clearly trying to get out from under USA’s schizophrenic thumb. but i’m still very new to this whole thing
lol, depending on when you moved it to gold then your probably up a bunch now.
really, at the end of the day you jusy gotta do what you believe is the best move. that’s the only way you’ll be comfortable enough to not panic sell
personally, if i had a half a million mestegg right now and wanted to keep it safe…gold probably is one of the safer places to stash it. just make sure you have enough cash lying around to be able to pay whatever bills/debts you have during an extended economic downturn. as when that does come…gold will also plummet eventually, but it normally recovers faster because so many people/governments around the world buy so much of it.
the main thing is to not trade/move your money emotionally, dont panic sell or buy cause of a fear of missing out. these greedy assholes want you to do that, thats the whole reason they fuck with shit like this. it’s a sick game to these people. you got to have rules, a plan for scenarios like this one (don’t have everything in US companies, for example), and most importantly have the discpline stick to them.
unless whatever “gold” you bought into actually delivered you physical gold or pays out a dividend…it’s probably being played the same as everything else, thats the whole point of a bubble.
bonds are a whole other beast, as bonds whole point is to act as a safe secure longterm investment…when the wolves run the show…their whole goal is making everything unsafe. they’re trying to “shake people out”
hence, mass devaluation of USD, ontop of out of control inflation (being hidden in crypto), and undermining any and all sources reliability like say…replacing heads of various “independent” federal agencies meant to report on the economy (and mass firings in those orgs). and of course…that ol’ sovereign debt crisis that pops up every 3-6 months.
if your goal is keeping your nestegg safe, nothing connected to the US economy/USD is safe until the wolves are gone. but overall…you can just follow buffets advice, put your $ in stuff you know and don’t mind holding a long time.
if you already sold your stocks…i’d look over everything you sold and see where it stands now, buying back might still a good deal. hell maybe it dropped since and you get a discount, who knows.
they’re playing a dangerous game…if they (the people behind trump) forget rule 1, they arent the oldest players and that means they definitely don’t have the lowest cost basis. they fuck over or steal from the wrong people too many times and eventually they will get wiped out themselves (though forcing institutions to start offering and by extension buying crytpo, because they have hedge…smart move…)
to keep is simple, as I don’t know just how much you know (and I’m still very new myself tbh)
it’s all purposefully complicated with obscure rules and exceptions, all specifically meant to trip up new “players”, breaking some in the wrong way can land you in prison, while a slight variation might be perfectly fine.
what helped me the most is understanding just how truly rigged the whole thing is, and what helped the most there was a book called Reminiscences of a Stock Operator, everything in it applies frighteningly well to modern day markets even though it was written over 100 years ago.
the biggest most important lesson is…look at everything like a scam designed specifically to extract as much $ from you as possible (which, is especially in low overall-trading volume levels like now, is 100% true. that’s fundamentally what bubbles are, people deliberately running the price of stocks up). it’s a zero-sum game, in order for you to gain someone else has to lose.
whether that’s bonds, stocks, futures, whatever.
but…there are 2 very fundamental rules that always reassert themselves eventually.
the true value of the underlying security, and if a company doesnt pay out a dividend…that means it’s stock is functionally worthless
the line MUST go up/down eventually
the more of a disconnect between those 2 things there is, the more someone who knows 1 can take advantage of someone who only thinks in terms 2.
and the best way to do that (for plebs atleast) is…exercising stock-options. the US market, contrary to…literally every other market on earth, has this little rule that allows you to exercise options early.
so for example, say someone sells you a put option on SPY 3 years out, strike…780. right now that’d cost about 12,500/contract to buy. if you bought that and SPY dropped under 655 anytime in the next 3 years…you could exercise it immediately for a profit.
right now spy is 658…a 3 point drop between now and 3 years out…that’s practically guaranteed. free $.
but when someone executes those contracts on you, if you don’t have the underlying, 1 of 2 things happens…you start paying your broker interest to borrow the underlying (at an ever increasing rate) or they forcibly close your position, which if your over-leveraged enough means…you get liquidated.
the issue is though, in a bubble, when everything is overvalued…how to do you safely play the casino without owning the underlying?
…there are more people than there are jobs… no job = no money
all land is accounted for too, no place left to “strike out on your own”
so, if there are no jobs and you have no land/property…you have only what others are willing/able to give you, same as anyone else in that same position anywhere else.
and just like everywhere else, they arent cared for not because they can’t afford to, but because keeping miserable homeless people around is a nice reminder of just how much worse you could have it…so don’t test your luck.