Comment on Who needs retirement when you can buy an asset that loses value over time?
MutilationWave@lemmy.dbzer0.com 17 hours agoYou’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.
Clent@lemmy.dbzer0.com 16 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.
MutilationWave@lemmy.dbzer0.com 15 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.