I can't tell you what to do with your money but I can say that means that the guy who correctly called the 2008 Housing Crisis is buetting all of his money on a market meltdown within the next few weeks or months.
Gold and silver and crypto like BTC and Cardano are.much better investments imo.
As a speculative gamble, sure. Bet some spending money on it.
As an investment, the position is a bet against the market as a whole. So the priority would be to take profit and lighten positions that you already hold.
tl;dr Shorting derivatives is not a game for newbies, so if you don't own stock yet, dont start your portolio with this play.
Does this mean I should be buying puts on spy and qqq?
i just reached out to my broker, lets see what he says.
I can't tell you what to do with your money but I can say that means that the guy who correctly called the 2008 Housing Crisis is buetting all of his money on a market meltdown within the next few weeks or months.
Gold and silver and crypto like BTC and Cardano are.much better investments imo.
As a speculative gamble, sure. Bet some spending money on it.
As an investment, the position is a bet against the market as a whole. So the priority would be to take profit and lighten positions that you already hold.
tl;dr Shorting derivatives is not a game for newbies, so if you don't own stock yet, dont start your portolio with this play.