I've got a 1/3rd of my savings in physical gold and silver, 1/3rd in gold and silver shares and 1/3rd in crypto. Would like to hear what some of you guys are doing seeing as advice from anyone outside of these groups is pretty much useless. They have noooo idea how retarded shit is about to get
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Here's my personal strategy, though note that I'm not a financial advisor ;)
In order of priority:
Buy stocks in strong companies with good balance sheets and solid profit, do not buy the wall street bets stocks like GME and AMC unless you have money to gamble. I'm too close to retirement age to gamble with my savings. Diversify your stocks -- don't just buy tech stocks. Buy a basket of stocks in different industries. Read up on what does well in inflation if you think that's where we are headed. PS: Tech stocks will not do well in an inflationary environment.
Again, I am not a financial advisor but I've been watching and reading a lot lately about the markets. My expectation is that we are going to see a market rally similar to what we saw in the late stages of the dot com bubble. And then by the end of the year we will see a possible crash. In a crash like what we saw in 2001 and 2008, all asset classes dropped. David Hunter is one person that explains well what he sees ahead: https://twitter.com/DaveHcontrarian
Read about trailing stops and figure out what yours should be.
Now if we have a market crash and a constitutional crisis at the same time, then who the heck knows what will happen. I haven't seen anyone talking about this but this is a concern of mine.
Thank you for pointing me to David Hunter