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Comment on Who needs retirement when you can buy an asset that loses value over time?

LastYearsIrritant@sopuli.xyz ⁨21⁩ ⁨hours⁩ 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.

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lightnsfw@reddthat.com ⁨3⁩ ⁨hours⁩ ago
Always bet on Trump saying something incredibly stupid.

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MutilationWave@lemmy.dbzer0.com ⁨21⁩ ⁨hours⁩ 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.

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- Clent@lemmy.dbzer0.com ⁨20⁩ ⁨hours⁩ ago
  The first rule of investing is accepting you are not smarter than the market.
  
  Not having that money invested is a huge mistake.
  
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  - MutilationWave@lemmy.dbzer0.com ⁨18⁩ ⁨hours⁩ ago
    Not having it invested has “saved” me thousands of dollars so far. This could be a full on depression coming. The market is not smart. It is irrational.
    
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    LastYearsIrritant@sopuli.xyz ⁨2⁩ ⁨hours⁩ ago
    You have to be correct TWICE in order to make money off that bet though. Unless you buy back in right now, the chances you’ll get back in at the right time are very low.
    
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