FYI --
If you own stocks, take defensive action ... NOW.
We are now in a bear market, partly due to the Federal Reserve, partly due to the criminals in Congress, partly due to the resident in the White House and their/its policies.
Whatever the reasons, market is forecasing a DRASTIC recession or depression.
Look at Walmart, Target, and other retail stocks today. SMOKED! This is VERY BAD NEWS for the economy ahead.
Also, Twatter is down over $12 billion in stock market valuation. Elon's offer at $54, but the market has dropped the stock by over 30% since then. This is probably due to the realization that the people running that company have been engaging in fraud, but also the market in general is getting crushed.
FYI.
The majority of the populace, I'd say 90%, have absolutely no clue what their 401k or IRA allocations are. With that being said, most wouldn't know the difference between the funds they can pick from. The system, financial illiteracy, is designed this way. If a majority of 401k/Ira holders knew what was coming/what have led us here, they would have moved to the absolute most conservative allocation. Doing that would implode the market on its own. The stupid will continue to lose. Thats how the system is set up. Buckle up pedes. It's about to get crazy.
For many years now, Wall Street has been pushing the "retirement allocation" strategy, where people put a certain percentage in stocks and the rest in bonds. Of course, nothing in gold or any other asset.
BIG MISTAKE.
I have been saying that there will come a time when BOTH stocks AND bonds will go down. That just happens sometimes anyway, but if there is a "plan" to destroy the economy like some of us speculate here, then it could wipe out a large percentage of the population.
You are right, most people have no clue that there is a train in the tunnel, and they won't realize they are playing on the tracks until the train is already running them over.
I'm keeping my GME thanks.
I bought more.
It's on sale.
DRS.
It can mean different things to different people, depending on risk tolerance and how much time one wants to devote to it.
Easy choices:
(1) Get out of any stock that is below the 50 or 200 day moving average.
(2) Put money in cash (for now).
(3) Short stocks (if you are up for that).
(4) Buy index inverse ETF's (goes up when the market goes down).
For a longer-term strategy, and for those who don't want to spend a lot of time on investing their money, read the book by Harry Browne, called "Fail Safe Investing." In it, he describes his Permanent Portfolio, which is designed to weather any financial storm, as well as do decent in good economic times.
His was brilliant and ahead of his time.
Precious metals
Real estate
Cash (Green paper bills, in a safe - NOT electronic bank statements with numbers on them).
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