to put this as simple as possible. Is the economy going to dump more and then eventually go back up, indicating a buying opportunity in stocks, real estate, etc. Or is all going to zero? Would I be safe if I invest in good companies or is it not worth it all,because the USDollar may go to zero? What are your thoughts? Should I take this as a buying opportunity or embrace the possibility of a complete financial collapse where my money is now toilet paper?
Im just a broke trade school student unsure about this whole shitty clown show, and dont want all of my money to go down the drain.
To go off topic a bit, Would trump even let that happen, because if you introduce a new financial system, what are you going to do if millions of hard working middle class Americans lose all their wealth from the old system?
This was good advice 2-3 years ago. Now it is bordering on bad.
Do not invest right now other than physical assets. Save your money, put it in Roth IRA or decent savings you can find (4.5% or so is about best around from what I’ve seen and that’s with minimums required to be met)
Stock market is extremely volatile and extremely high. It MIGHT go back up, but it is likely going to tank further … consider how far it has tanked in 2022 then look at how overly inflated it has been the last few years (more if u wanna get super technical)
Invest in only tangible things otherwise expect to lose money in stocks, even commodities and solid/reliable markets - now is a bad time to jump in the game.
Just my two cents
Roth IRAs and savings accounts are controlled by the same entities that control normal brokerage accounts and 401Ks, so when the forced liquidations start they disappear too. So if you're going to do anything with stonks, make sure you have them direct registered.
For a situation to play out that you’re referring to, where everyone’s Roths are fubar, would mean an entire nuking of the system. Beyond that, roths are fdic … and also I would expect more bailouts are on the table as dumb as that would be.
Regardless it seemed OPs phrasing was not of an ultra doomsday prepper “what will trade best in the post apocalypse - booze, pills, gold or women” and was more of a sensible question of “i don’t think it’d all going to go nuclear, but it’s so crazy I’m not sure what I can invest in to guanratee an earn off my extra cash”
Thanks for not being a dick like the other guy.
$GME bubble pop and that = catalyst?/plummet Asking entirely on speculation of the game/inflation. What an event it would be to have an ability to "capitalize" as the average .xx%'er no?
This a battle of .1% vs 99.9% in terms of reality.
"Do not invest right now other than physical assets." to the fella above or below me. He cannot speak for you or me. He's protecting himself/yourself as you can PHYSICALLY/non-physical but physically applicable...
You're skin can hold a lb. of gold. But... show me "your' " gold worth 10x of with a timestamp picture next to "your" EXCLUSIVE NFT drop that is on a 2"x6" screen. Which takes up more space and which can you choose to use as barter in the advent of a terrorist EMP?
Edit: but reply.
Journal Entry #4 Day 4. No food. The EMP decimated the daily trade. Cards aren't accepted, cash is for now but I am not able to withdrawl any as banks/ATM's are ded. Gold rumored to replace the dollar as "whitehat/black idek"
Day 7. No radio signal, EMP's are rolling every other? day? They all run together in stress
Day 10. Fella down the street had no food although I had offered some he declined stating he was waiting for dinner at HOME.
Day 12. He had gone hungry. Holding me for ransom for 2 bushels of tatoes and a sack of rice. I had XXX rounds but he's been a considerate neighbor. Would never hurt me.
Day 17. Neighbor isn't a neighbor but a VRIL. Discarded human; Book of Revelations. Met with lead.
Other than an insanely over the top emp coming from the sun or aliens spaceships I’m not sure how you think that is on the table. Emp tech isn’t like the movie “escape from LA”.
At this point the risk/reward is too great imo for someone just now joining and wanting to hop on that GME train and resultant fall out once it finally blows.
Literally a gamble at this point because you can very easily be one of the guys holding the bag. And if you’re not already involved and having to ask questions on here on what/how to do things, that means your odds of being the bagman are much higher. Invest in cars after doing some shopping around for a steal, invest in property at a steal (compare historical value/tax value), but actual gold/silver/etc but understand that the value will likely dip in the future but it’s at least dollar proof.
Sorry i should’ve clarified I meant only bother with literal physical versions - not investments of those goods on the stock market
It honesty can be good you just have to do your research. Personally I got into silver a long while back and uranium of all things for various reasons.
But main thing is research - look at what companies are available to invest in who mine and/or refine metals you’re interested in, then just more research. Then finally pick one. Or hey just go with your gut or roll the dice and pick one… research has always made me feel better but that doesn’t mean it is the only strategy.
A lot just depends on how much money u got to play with Aka can risk losing completely. Again, Right now tho is a really bad time to invest if you are new to it all. Maybe kick around 100 bucks to get some experience but I would wait before making any big moves.
Spoken like a knowledgeable adult Jayfrank, thanks for your opinion
Absolutely right, I’m a fool and don’t even know what an ira is. you’re a gentleman and a scholar Jay.