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I didn't think it was humanly possible to see such a concerted effort to destroy an economy in my life. Even Hitler didn't try to do this with Germany.
Once upon a time I couldn't get myself to watch old 80s and 90s cartoons anymore because I felt too old and cynical for them... but now I realize that the villains on those shows have nothing on Trump and his dipshit cronies. Only they are somehow more fleshed out despite being literal cartoon villains.
I'm sure this would have been just as bad under Kamala.
/s (cannot believe I have to add this, but....)
Wait, you aren't serious... I read your post history lol. You need a /s
Looks like Sleepy Don has done it again. What happened to better economy on Day 1? Is he going to say the days so far don't count? Let's hear some more excuses about how Biden made the job so hard you can't improve things by 1%. You only need to make excuses for a little less than 4 years now.
If you are overall green now... sell.
He is going to make it worse.
Only if you need the funds short term, if you are a ways off from needing the funds then hold what you've got and start building a cash reserve to buy more shares when it's low.
Time in market beats timing the market. You're never going to now when stocks are "low". You're just as likely to wait JUST a little too long and then end up buying when it's higher than it is now.
If you have AVAILABLE cash now, that isn't needed for an emergency fund, put it in the market now.
If you want to hedge your bets a bit, then just invest a smaller amount every week to distribute the buying power in case the market keeps dropping.
Trump could just announce that tariffs are dumb and he's never doing another one tonight, and the market jumps in off hours trading. Or the market could bounce up for a couple days then crash. Or the market could stay down for the next 4 years.
It's impossible to predict when the "buy back in" period should start, so just don't even try.
That's what most people don't get about investing-- there is money to be made in both market directions. The rich understand that.
Yep, when I started investing about 20 years ago I read as much as I could, one thing that always stuck with me was a Warren Buffet quote "be fearful when others are greedy and to be greedy only when others are fearful".
That's generally how I approach investing in stock and Bitcoin. There are exceptions of course, but that's the general plan. This stock or whatever isn't failing, it's on sale.
Wellllll, we're heading into completely uncharted territory here. No Warren Buffet wisdom has any relevance, because no one has dismantled the US government like this before. And we're only a month in. Extrapolate one month of damage over a 4-year term... we've experienced 2% of a Trump/Musk term.
Yeah I would absolutely recommend selling everything now, it's going to go much, MUCH lower. If you really want to play that game, wait until it's all hit rock fucking bottom to buy again.
Every dip is "uncharted territory"
The COVID quarantine was uncharted.
The 2008 financial crisis was uncharted.
The 1999 tech bubble was uncharted.
To the market, today's just another Tuesday.
So there's a failsafe for these kinds of crises called "government".
What's currently uncharted is that we are dismantling the failsafe.
If you think any of those are in any way comparable to what's happening now, you aren't paying enough attention.
To each their own, I'll stick with my method and you can do yours. We'll just have to wait and see who's got the right idea in this uncharted landscape.
I wish you the best of luck, not sarcastically either.
I love it!
Obamacare vs Trumpcession
Yet the Republicans will vote Trump next time around.
vote Trump next time
The implication here is quite scary.
Pun not intended. They got perfectly aged Trumps enough to continue up to 2100.
Imagine speedrunning your way into the great depression.
For billionaires it's a "buying opportunity" though.
Gotta take advantage of rock bottom prices!
Please don't ripple through the 3rd world.
Hey Wharton School: This is why you shouldn't sell degrees to rich parents for their spoiled children.
They should take over The Fed and once the recession hits, increase interest rates and do some QT. That'll show the working class.
I'd rather use Qt than get QE
Down with GTK.
Risk? Its his goal. Crash the market for his ultra wealthy amigos to buy up everything
Another problem is that down to lower class the americans invest for their retirement.
If he wipes out the people's lifetime savings, they can't afford to retire and got to work longer - even if the recession is driving inflation down.
You think that billionaires that are influenced by the likes of Curtis Yarvin care about people saving for retirement?
We call that a Fire Sale for the Oligarchs.
And...
Destroy USD.
Remove USD as global reserve currency.
Bitcoin.
Sell off land to billionaire buds.
(Allow) Nuke a few cities?. Big midterm surprise?. /q's Great solar flash of 2025 - this is the only one I'm not certain of what/how/when.
Voilà.
Lol. You downvote. Everything he does is a known. You just have to listen. Here's my comment from almost 4 months ago about tarrifs https://lemmy.ca/post/33768636/13042232