Comment on Who needs retirement when you can buy an asset that loses value over time?
MutilationWave@lemmy.dbzer0.com 3 weeks agoNot 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.
LastYearsIrritant@sopuli.xyz 3 weeks 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.
MutilationWave@lemmy.dbzer0.com 3 weeks ago
We’ll see. I would have “lost” another several grand today if I’d stayed in. So I’m right once. Given that I check the market several times each day, it would have to be one hell of a jump for me to miss it at this point. But I doubt it’s coming any time soon.
This isn’t luck or gambling. This is recognizing that the economy is being destroyed either purposefully or through wild incompetence. Right now the market is reflecting that.