There is something massive happening here....
It's like a contagion is spreading and it's going to KILL many Hedge Funds.
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Man, sorry to hear about your local job market.
I traded while in college a bit, I was an athlete on scholarship and the team captain/MVP and made $27,000 (with only $3,000 invested) in Sirius satellite radio before the XM merger. So, coming from a not-well-off family and on a full scholarship, then getting a big-screen, PS3/XBOX360 and a nice apartment and stuff, my teammates and many other athletes thought the university was paying me to compete, BWAHAHAHA! I had to show them that I had just luckily stumbled into a few good investments that skyrocketed and had hardly any expenses.
With the kids, we have had ours (all elementary grade) earning with chores, and debiting for the things they want, for a couple years now. It may not be the most optimal way, but they sure value a dollar more when the American Girl Doll is a few weeks/months of chores and extra work, as opposed to mommy and daddy magically having money on a plastic card!
The HVTs and billions that some of these funds and investors play with make the market so different than it used to be. I keep the same old strategy - long-term companies that I think are innovating and will be around 5-10 years from now still as a frontrunner in their industry. Been burned too many times in pharma and 'new tech' bubbles.
Most recently - TSLA, TDOC and NVDA I have been riding for over 18 months, haha! A lot of my other are in long term O&G, some that pay dividends. On the O&G I bought a few months back on the dips. When face-value is down the dividends at least give some consolation, haha.