Are any of you still buying or holding GME/DWAC?
I have not followed financial markets and many believe the stock market will crash before we take a turn for the better. How do you factor this in with being bullish on certain stocks and companies?
I know none of you can hand out formal financial advice but I want to get some opinions/ideas based on what fellow apes and anons are doing and how you mitigate risk while still betting on the horses you like?
Also what is your opinion on physical silver? Some apes are super bullish but I am curious what you think. I do not reddit but I have seen people literally STACKING silver bars.
Crypto Anons - Do you think Crypto will survive in the long run. Trump himself never has seemed huge on it but I also understand where he comes from when he wants the dollar to be strong vs world currencies. I doubt he cares much about crypto either way because the amount of money in crypto is nearly irrelevant in the grand scope of the world economy.
Thanks for your opinions and input! Trying to do an end of year financial reshuffling and love hearing from people
Still holding GME and DWAC, plus a couple thousand DWAC warrants. Both are long-term plays but GME has a squeeze potential that can outclass its long-term prospect. The thesis is still valid.
Also playing some long term SPY Put spreads. It's a much more advanced investing strategy, but makes money on a crash.
I have PMs, of all forms. Without offering specific investment advice, I can't think of a good reason not to have a few hundred ounces of silver on-hand. IMO PMs will always have value, be useful in a SHTF scenario, and I'm willing to forego some potential gains in crypto to have a safety net in my wider portfolio. If you don't reddit, Gab has a pretty active Silver group where you can pick up tips.
My big PM gainer has been Uranium... and I think it will continue to gain as so-called "green" power keeps showing its inherent problems. New Small Modular Reactor designs being tested now with a target of 2023 to be licensed should push nuke power back to the forefront and drive demand for the big U.
Crypto is crypto. Right now it's gambling, since a regulatory rugpull could leave it worthless as a store of value. There are a lot of pump-and-dump shitcoins out there, it's feast or famine. However, the technology is a gamechanger and will make it really worthwhile soon. Tech innovations on the Ethereum blockchain in 2.0 will make for viable currency to be developed (ETH gas fees and BTC mining speed are the big drawbacks, DeFi is a must-have). I see BTC taking a big hit when the overall market crashes or corrects, large investment firms have bought a lot of BTC as collateral for their market bets. They will sell to cover their obligations, but I don't think it will be enough to tank it under $15K, suffice it to say I think it's a bit overvalued at the moment.
I do admit to using Kinesis, which allows you to do crypto transactions yet hold the value in vaulted gold. That gives you convenience and privacy, along with a decent assurance your wealth doesn't evaporate overnight.