True, but as what happend in the dot com bubble, the middle and lower classes will pay. If you lived in a tech area during the bubble burst then, you’ll know how bad this is going to be worldwide.
On the real, I’ve heard the used CD market is making a massive comeback. There’s something to be said about physical media in the age of internet becoming more and more scary.
Yeah, I’m fully disabled and dependent on my 80 yr old aunt working almost full time to provide housing for me in her home. When she dies I’ll be homeless again. So crying seems appropriate 😭
Gold not silver small portions is ok, bonds because different types are liquid govt backed interest, real estate is always good they don’t make more land, staying liquid is ideal. The most money is made during down turns if you buy right. Don’t time the market it’ll never happen. Instead grow steady of buy whole under valued assets.
Unless you’re retiring in the next 5-10 years, it’s probably best to stand pat or shift some % out of large-cap funds to mid-caps. But the old adage usually holds true: “time in the market beats timing the market.” In other words, pulling it all out is way harder to get right than just leaving it in.
Depends how wealthy you are. If you’re wealthy and even remotely intelligent this is where you make even more money. Wealthy people will diversify, they’ll sell some of their tech stocks and put it into anything not related to AI. Be it oil or manufacturing or agriculture etc. Then they liquidate those stocks (or loan against them, depending on how wealthy we’re talking about) to buy up tech stock when they’ve crashed. You then wait a few years and make money.
If you’re not wealthy enough to do that put your money into something stable, like bonds. If you want to be sure you won’t lose money (in the sense that the amount of money you put in won’t go below what you put in, it can still lose value due to inflation) your bank probably offers term deposits where you let your bank reserve your money for a few years and in return they guarantee something like a 2% annual return on your deposit.
And if you’re not wealthy enough to do that… You’re pretty much fucked. Learn to cook and enjoy cheap meals, start budgeting right now, forget enjoyment and hope you don’t get fired.
Not financial advise but I personally decided to keep my money in MSCI World ex USA ETFand some gold + Stoxx 600. For now it seems my strategy is working. Will see where we go from here
Short term is credit cards, pay day loans, overdrafts, stuff like klana etc.
Get those cleared so that the money you earn stays as yours and you’re not paying interest on debt. Once that’s done the money were paying to other people can go into high interest savings so you start earning interest on it, and act as a buffer to stop you going back into debt in the future
Ohh absolutely, it was devastating to watch, and then to see corporations being bailed out because they were too big to fail. The big question is, is this really the start of a serious crash where the circle jerk of circular money pumped between 4-5 megacorps comes to an end, or do things really go crashing down from here. You need sanity to stabilize…the nuts have spun off the lugs that were holding the wheels of the economy to the hub…i think one wheel just wobbled a little…
Ohh absolutely not excited at all. Its a pending shitshow…I didn’t vote for any of this and have already cast my vote to have all these idiots removed from office.
There won’t be an AI bailout as with the auto industry and banking. AI hate is bipartisan and no national-level politician is dumb enough to throw public money at them. They’re not a huge employment/manufacturing concern like autos and they’re not the backbone of our financial system.
(And once again, I love your lug nut analogy, spot on!)
AI hate is bipartisan and no national-level politician is dumb enough to throw public money at them.
Trump loves him some AI bros, though. And could easily “justify” dumping shitloads of public money into them because using AI in the military (bad idea in the first place) makes AI a “national security priority”.
If they actually opt to use it. Which is a big fat fucking if.
Also, Trump might just steal it from somewhere. (Where has all that Venezuelan oil money gone?) And who’s going to stop him? The Supreme Court has already ruled that he can do basically anything he wants.
Yah I agree, I don’t think it will be a traditional bailout like the auto industry though which was forgivable loans, I think it’ll likely come in the form of additional stock purchases by the US government, which is wild when you think about it.
They’re not a huge employment/manufacturing concern like autos and they’re not the backbone of our financial system.
No but they (AI companies and those claiming to be one including chip companies) directly influence the stock market, and this administration is having its day manipulating the hell out of it making a ton of money along the way. So if there is a way for the to make money on it, it will absolutely happen. Also the chip companies have national defense interests and so it’ a similar scenario as the DOD’s mission can not ever be hampered lol. The line must go up lol.
True, but as what happend in the dot com bubble, the middle and lower classes will pay. If you lived in a tech area during the bubble burst then, you’ll know how bad this is going to be worldwide.
So what to do if I suspect a bubble is coming? Sell my investment funds and keep fiat? Buy gold? Buy merchandise to sell later? Buy real estate?
I have no idea how to prepare.
If you see risk being very high, make low risk investments: high yield savings accounts, CDs, bonds.
CDs? Damn I have a bunch of CDs with music, games. I’m gonna be rich.
On the real, I’ve heard the used CD market is making a massive comeback. There’s something to be said about physical media in the age of internet becoming more and more scary.
I already have a ton of cds but I’ve been buying blurays and dvds lately. Gotta keep morale up after infrastructure goes down!
Isn’t it moreso Vinyl?
Bonds? Just not US bonds. Trump says he can take care of US debt with inflation, no problem.
My plan is just to cry.
Yeah, I’m fully disabled and dependent on my 80 yr old aunt working almost full time to provide housing for me in her home. When she dies I’ll be homeless again. So crying seems appropriate 😭
Gold not silver small portions is ok, bonds because different types are liquid govt backed interest, real estate is always good they don’t make more land, staying liquid is ideal. The most money is made during down turns if you buy right. Don’t time the market it’ll never happen. Instead grow steady of buy whole under valued assets.
Unless you’re retiring in the next 5-10 years, it’s probably best to stand pat or shift some % out of large-cap funds to mid-caps. But the old adage usually holds true: “time in the market beats timing the market.” In other words, pulling it all out is way harder to get right than just leaving it in.
(Your choice- I am not a financial advisor)
Depends how wealthy you are. If you’re wealthy and even remotely intelligent this is where you make even more money. Wealthy people will diversify, they’ll sell some of their tech stocks and put it into anything not related to AI. Be it oil or manufacturing or agriculture etc. Then they liquidate those stocks (or loan against them, depending on how wealthy we’re talking about) to buy up tech stock when they’ve crashed. You then wait a few years and make money.
If you’re not wealthy enough to do that put your money into something stable, like bonds. If you want to be sure you won’t lose money (in the sense that the amount of money you put in won’t go below what you put in, it can still lose value due to inflation) your bank probably offers term deposits where you let your bank reserve your money for a few years and in return they guarantee something like a 2% annual return on your deposit.
And if you’re not wealthy enough to do that… You’re pretty much fucked. Learn to cook and enjoy cheap meals, start budgeting right now, forget enjoyment and hope you don’t get fired.
Me neither, hold on for the ride?
buy the dip (not financial advice)
OK I went to the store and bought some queso dip… Now what?
You got chips, too, right? … Right?
D’oh! I knew I was forgetting something!
Enjoy the show
Buy bonds
(Probably not US bonds)
Not financial advise but I personally decided to keep my money in MSCI World ex USA ETFand some gold + Stoxx 600. For now it seems my strategy is working. Will see where we go from here
Pay down short term debt.
Build emergency funds.
What short time debt?
Opposite to long term debt.
Long term is mortgages, loans with fixed terms.
Short term is credit cards, pay day loans, overdrafts, stuff like klana etc.
Get those cleared so that the money you earn stays as yours and you’re not paying interest on debt. Once that’s done the money were paying to other people can go into high interest savings so you start earning interest on it, and act as a buffer to stop you going back into debt in the future
deleted by creator
Pay off any credit card balance you can.
Bullets and toilet paper. 📈
buy real estate
Ohh absolutely, it was devastating to watch, and then to see corporations being bailed out because they were too big to fail. The big question is, is this really the start of a serious crash where the circle jerk of circular money pumped between 4-5 megacorps comes to an end, or do things really go crashing down from here. You need sanity to stabilize…the nuts have spun off the lugs that were holding the wheels of the economy to the hub…i think one wheel just wobbled a little…
I hope you’re not excited for that to happen is what I’m saying. Even if you’re not American, you will feel this.
Ohh absolutely not excited at all. Its a pending shitshow…I didn’t vote for any of this and have already cast my vote to have all these idiots removed from office.
There won’t be an AI bailout as with the auto industry and banking. AI hate is bipartisan and no national-level politician is dumb enough to throw public money at them. They’re not a huge employment/manufacturing concern like autos and they’re not the backbone of our financial system.
(And once again, I love your lug nut analogy, spot on!)
Trump loves him some AI bros, though. And could easily “justify” dumping shitloads of public money into them because using AI in the military (bad idea in the first place) makes AI a “national security priority”.
Trump can’t spend that kind of money. Despite Congress bowing to him, they still hold the power of the purse.
If they actually opt to use it. Which is a big fat fucking if.
Also, Trump might just steal it from somewhere. (Where has all that Venezuelan oil money gone?) And who’s going to stop him? The Supreme Court has already ruled that he can do basically anything he wants.
Greetings again 👋
Yah I agree, I don’t think it will be a traditional bailout like the auto industry though which was forgivable loans, I think it’ll likely come in the form of additional stock purchases by the US government, which is wild when you think about it.
No but they (AI companies and those claiming to be one including chip companies) directly influence the stock market, and this administration is having its day manipulating the hell out of it making a ton of money along the way. So if there is a way for the to make money on it, it will absolutely happen. Also the chip companies have national defense interests and so it’ a similar scenario as the DOD’s mission can not ever be hampered lol. The line must go up lol.
Ha! And thank you.
One sticking point, Trump can’t spend that kind of money and he’s about to lose the House and possibly the Senate.
We can only hope…but his family can spend it.
LOL, the entire Trump clan couldn’t put a tiny dent in a bailout that would cost an easy trillion dollars.