I’m looking to invest in hesco and fiocchi
Comment on Who needs retirement when you can buy an asset that loses value over time?
Carmakazi@lemmy.world 5 weeks ago
Honestly what does retirement planning in America even look like anymore? The next five-ten years are looking to be extremely volatile both financially and politically. It almost feels more risky stockpiling a currency that may lose significant value or even devalue entirely if shit falls apart and/or global war breaks out.
You can’t eat your 401k, buy Mountain House foods by the bucket like your racist uncle! Or something.
BeMoreCareful@lemmy.world 5 weeks ago
ayyy@sh.itjust.works 5 weeks ago
Secure a source of nitrogen for an asphyxiation booth.
BeardedGingerWonder@feddit.uk 5 weeks ago
Or just run a hose from the tailpipe of the old ford truck. Dave’s right again.
captainlezbian@lemmy.world 5 weeks ago
Offshore accounts if you’re in the targeted groups. Probably gonna want to diversify, buy some Canadian, Australian, and European stocks as well
LastYearsIrritant@sopuli.xyz 5 weeks ago
Same as every other time in the US’s existence.
Invest in an index fund, let money sit. Repeat.
The US has been through turmoil before. Nearly every country in the world has had similar experiences. Unless you think the concept of capitalism is ending, just prepare for the future the way that’s been done for the last 100 years.
MutilationWave@lemmy.dbzer0.com 5 weeks ago
Personally I pulled everything out of index funds right before the market tanked. I know trying to time the market is a fool’s errand, but it was so obvious that the US was about to shit the bed.
Now if that money is worth anything in a few years I have no idea. If we pull through I will reinvest. I’m literally thinking about buying gold, something that I thought was stupid just a short time ago. I read that JP Morgan Chase flew $4 billion in gold to their vault in NYC a month ago. Other big banks are doing the same.
Fuck the big banks, don’t get me wrong, but they know about risk and hedging.
LastYearsIrritant@sopuli.xyz 5 weeks ago
9/10 times you’ll miss the dip and get behind the curve. You have no idea how the market is going to react in the next 6 weeks, much less in the next 6 years.
Trump could have just as easily not implemented the two days of tariffs and the market could have gone up.
Now that the tariffs are off again, the market might bounce back higher than ever on Monday and you’re going to miss the bounce.
Of course he might say something incredibly stupid tonight and the market crashes, but again, 9/10 times pulling money out of the market means opportunities lost, not bullets dodged.
lightnsfw@reddthat.com 5 weeks ago
Always bet on Trump saying something incredibly stupid.
MutilationWave@lemmy.dbzer0.com 5 weeks ago
You’re totally right and normally I would ride the dip. But we’re not in normal times. I’m thinking recession inevitable, depression possible. I’ll try not to miss the bottom of the dip, but that could be years from now. I’m happy with my decision.
He will say something incredibly stupid just about every day, you can take that to the bank. After delaying the tariffs again he announced 250% tariff against Canadian dairy because he misunderstood their variable tariff protection scheme. Even if the tariffs never officially come to pass, this on and off shit is terrible. The market is irrational but it hates uncertainty.