I’m waiting for my sweet 200 in tax returns and rolling it into scratch tickets.
Comment on The Big Short Guy Just Bet $1 Billion That the AI Bubble Pops
FlashMobOfOne@lemmy.world 4 months ago
My plan is to stay invested until dividends hit in December, and then I’m going to evaluate moving my investments into a money market or bonds. Amazon’s numbers show that consumers are still buying, and my assumption is that consumer spending will hold off the pop for now.
I 100% expect a massive crash, and when it’s just seven companies propping up an entire economy, the pop is going to be very bad. I’d rather lose a little value in the short term than have my portfolio drop to a calamitous degree and have to wait 5-10 years for it to recover.
*not a FA, just my personal plan
Rcklsabndn@sh.itjust.works 4 months ago
FlashMobOfOne@lemmy.world 4 months ago
May the odds be ever in your favor.
BombOmOm@lemmy.world 4 months ago
Mid-Cap index funds should be fairly insulated from the damage as well, given they would exclude companies as large as nVidia.
Either way, biggest thing people is when the bubble pops, that is the time to buy in more, not the time to sell. The buy high-sell low strategy is easy to fall into emotionally.
FlashMobOfOne@lemmy.world 4 months ago
that is the time to buy in more, not the time to sell.
1000000%
I was able to pay off my student loans by buying oil stock at a 90% discount in March 2020 and then waiting a few years for the rebound. You don’t even need to be rich to do it, just patient.
chilicheeselies@lemmy.world 4 months ago
I stopped putting money into us equities and started to put them in purely international index funds. I havent sold anything though.
MutilationWave@lemmy.dbzer0.com 4 months ago
You think the US economy going totally tits up won’t take the rest of the world with it to some degree?
chilicheeselies@lemmy.world 4 months ago
I know, but i figure my lossrs will be more controlled and my recovery smoother
FlashMobOfOne@lemmy.world 4 months ago
Yeah, this economy has given me the heebie-jeebies for the last quarter now.
Unless you’re a billionaire or on a signal chat in Washington, I don’t know how you can feel good about what’s happening.
bridgeenjoyer@sh.itjust.works 4 months ago
I wish I could convince SO to do this with our funds but they will just say im a doomsdayer
BombOmOm@lemmy.world 4 months ago
The good news is. Even if you don’t change your strategy. You can just chill on index funds, when the bubble pops, they will go down. Just keep buying more. In the long term, you will still make money. Index funds earn ~8% per year on average when invested for long periods of time.
Peerpeer@lemmy.world 4 months ago
Yeah, agreed. Just buy monthly a fixed amount of money in index funds. When it goes down, some people will double it.
I made the mistake of selling when covid hit and the market went down. I started buying again when the market was doing OK again. So I made two mistakes: sold low, bought high.
FlashMobOfOne@lemmy.world 4 months ago
Oof, yeah. Having to make group decisions with money is tough.
Partly why I love being single and childless.
bridgeenjoyer@sh.itjust.works 4 months ago
I can see that!
We will probably just ride it out
youtu.be/GVFgEBq0EKM