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?
I saw an opportunity in March 2020 and bought some shares of Disney and other companies. One year later, the stock had doubled. Less than a year after that, it tanked to less than what I bought it for.
It's not just what you buy, it's what you sell it for and when you sell it.
The best investment I made recently is $3,000 worth of food storage in late 2020 before prices went up. Those powdered eggs I bought that even I was doubtful of? They cost me far less than buying fresh eggs now. The freezer I bought before 2020 and then the second one I bought in 2022 after prices went up are good too. I was able to stockpile hamburger patties at a killer price, in addition to other meats.
Someone once told me the best side hustle is a garden.
You need to know what your goals are. If your goal is to make some money, then I can give you my thoughts on what I'm doing, but I cannot legally provide financial advice, so I therefore won't.
I'm operating knowing that it won't go to zero. Do you really think that PEP or DIS will go to zero? KO? MSFT? I look at the products I buy (Pepsi, Xbox, theme park passes) and I look at those companies. Are they successful? Do they provide a terrific product? Do I think they'll be around in a decade? Then I buy those companies.
I was told in 2011 about a guy who had bought Ford and others around the time of bailouts for $1/share or something like that. The stock eventually went up and he profited.
I started looking at PEP in 2006. Had I invested then, my money would have quadrupled by now, I think. I don't love everything about the company, but I do know that Pepsi, Quaker, and Frito Lay products are everywhere and very popular. I don't love everything about Microsoft, but I love the Xbox brand and I definitely see future success in it. I don't love Coca-Cola, but I do know that I can go anywhere in the world and buy a Coca-Cola product and it will be top-quality every single time.
If you're looking to make a quick buck, you can, but there are no guarantees. What I looked for in 2020 was a big dip, and then I assumed the stock would rebound within a year or two. Want evidence? Go look at S&P 500 data for the years 2007-2009. Try symbol SPY on Yahoo Finance and see the data.
If you want to make money riding the market down, you can try options. You can look into TastyTrade and the educational resources it provides.
As for long-term, the common sentiment is S&P 500 ETF or mutual fund. Dave Ramsay never shuts up about it.
And if you believe what they say around here, I don't think it hurts to have some physical gold and silver laying around.
Only you can do what you think is right. I moved all my money away from financial advisors because I found them to be unhelpful and I've been managing on my own.
My nephew holds your views about the market, but the only spoiler is what is being accumulating is fiat reserve 'dollars'. I have no faith when the 1950 'dollar' is now worth 3 cents.
What exactly are derivatives?? When you see a table of big banks that shows JP Morgan Chase holding 61 TRILLION in derivatives and the next seven holding at least 150 TRILLION in derivatives, where is the value there??? There is no bailout or bail in that could possibly happen. Asking for a fren...