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?
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.