Hi there,
I apologise if this is more appropriate for the daily discussion thread, but I figured many of us would be interested and benefit from a direct discussion about this topic.
I am only in my 20s, but I’m married and have a little baby. I’ve never been involved in investing in stocks/bonds/gold etc. because I always felt like it was a bit like gambling. I preferred to keep my hard-earned money in a simple checking account or in a safe. Not to mention, what happened in 2008 made any trust I had in those systems completely disappear.
Now I feel for the first time in my life that I ‘know’ something will happen on a global scale (apart from the Lord returning for us) and with all this talk of going back to the gold standard, decentralised banking etc. I was wondering if some more financially-minded brothers could share some investment (or divestment) advice regarding what to do with our money over the next couple of months?
I understand that it is still not certain what will happen, but I feel like there must be at least certain principles to stick to or general advice. But I will definitely also welcome specific advice or ideas!
Should I buy as much gold as I can? Should I try to ‘short’ companies that I predict will go under as a result of this (media companies, Chinese-owned US companies etc.)?
Thanks so much in advance,
- a little tadpole in a lake full of alligators
Buy precious metal... silver... lead... brass...
gold and silver ideally because who wants to be hauling 100's lb of lead about.
Wait so if you buy gold, it gets physically shipped to your house?
Puts will have expirations, and the further into the future your put expires, the more the market will need to drop for you to make a return. They are risky and most often used as hedges or as part of a larger strategy. Shorting requires a margin account and you will need to pay interest on the shares you borrow to short. Despite some of the biggest events in history the market has continuously climbed upward, betting against it is not easy. For example Gamestop right now(GME) by all logic should be failing. Large investors have tried to short and are burning right now. “the markets can remain irrational longer than you can remain solvent.” Interest rates remain extremely low, the fed has been continuing to support the market, this leaves people with little option in how to use money besides the market. Electric vehicle companies are sprouting up everywhere and receiving insane evaluations. If you see Biden ultimately not being in office, shorting or buying puts on the EV bubble could be profitable. My money has mostly been and still is in start up companies (IPO/SPAC) and tech like AMD and NVDA. These tend to move on their own and do not follow the general market as much as some bigger name companies. NPA is a IPO/SPAC company looking to provide 4g/5g service globally via satelite. You can buy stock or warrants in this company. Their selling point is they will be selling service direct to telecoms and will work 100%compatible with existing phones. All investments carry risk. Be careful, good luck.
^^^ This guy knows what's up. Make sure you hedge your investments
If you choose to take a short position you may want to look into shorting the indices as a whole not individual companies. One of the most cost effective way to do that in 2021 is using a leveraged ETF like SDOW. This should not be interpreted as specific investment advice or a solicitation to engage in any financial relationship
Thanks for the reply. Funnily enough the disclaimer at the end is what is convincing me of the legitness of the content ?
It's more about how much you spend than how much you make. With that said, I bought puts against Six Flags and other companies of the like. They stand no chance if there is another lockdown. I mean they will exist, but their shareprice will struggle worse than last time if a lockdown is announced
Would you mind briefly explaining what puts are and how I would even start to go about buying them? Do I use a stock trading app or something?
They're risky and confusing at first if you don't watch a few vids. Basically you pay a set amount for the right for you to sell 100 shares of a stock at a price you agree upon when you pay the set amount.
Ex. You pay $10 to SELL 100 shares of ACME for $100/share. For every dollar the share price drops below $100/share, you'll make $100. This works because for $10 you are buying the right to SELL 100 shares for $100/share, meaning that once the stock goes as low as you want it to, you can 'execute the option' which means you buy the shares for the current price and instantly turn around and sell them for the price you agreed to sell them at.
On the other hand, that $10 disappears if the price doesn't go below $100
I'm certainly not a financial guru, but if you think there is a good chance of a company getting hit like most did in March it's a good option.
Watch a few youtube vids. It's risky but can definitely pay off. $10 can make you $1500 if you know something is going to fall and buy at the right time.
Good luck
Thanks so much for this. I used to look at wallstreetbets on reddit (for the memes) and you’ve helped me finally understand some of what they were talking about
Do not (and I repeat DO NOT) take financial advice from anonymous strangers on the internet.
Also do not take financial advice from people you know on the internet.
Take financial advice from a financial advisor, or do your own research.
Thanks for your concern, I’m not just going to blindly follow what someone tells me here. I can’t afford a financial advisor, and even if I could, why would I trust anything they have to say unless they were clued in on Q? Any prediction they would make would have CRUCIAL elements missing from their calculations.
Well, a week ago (most) everyone on this forum would have told you to bet everything that Joe Biden wouldn't get Inaugurated (myself included).
Just be careful. =)
Buy shares in anything Trump owns.
Now THAT’S an idea. Can’t believe I didn’t think of it!
Why silver over gold?