• ᴍᴜᴛɪʟᴀᴛɪᴏɴᴡᴀᴠᴇ @lemmy.dbzer0.com
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    21 hours ago

    Please don’t invest right now. You are right that you can make a lot of money if you know what you’re doing, but it’s still a casino. With the people running the US right now, if they ever fully implement the tariffs, the market is going to eat shit. Then you can buy if there’s some glimmer of hope like Republicans losing Congress in 2026. I’m not trying to do US defaultism here, I believe this advice holds worldwide.

    I pulled all my money out when Trump got elected, and that was a good choice. If I’d gone all in on options I’d be straight up hood rich, but I can’t gamble everything we have.

    • couch1potato@lemmy.dbzer0.com
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      20 hours ago

      I switched my retirement accounts to cash apprx feb 28, before the tariffs announcement and the market starting crashing. I just moved back into stocks this week. I’m convinced we’ve seen the worst of the tariffs… too many people are in trumps ear telling him he’s a retard. It’s only up from here.

      • zephorah@lemm.ee
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        18 hours ago

        Cluster B personality disorders don’t change their mind when called out, they double down. And interruption of the self constructed false reality makes them reactive.

      • ᴍᴜᴛɪʟᴀᴛɪᴏɴᴡᴀᴠᴇ @lemmy.dbzer0.com
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        19 hours ago

        I hope you’re correct for your benefit and the benefit of people who have retirement funds in the market.

        I disagree however. Even if that fucking toddler-brained jackass backs completely off the tariffs (which I don’t think his ego will let him) he will do more heinous shit that will ruin the world economy in other ways. He’s also got several accelerationists in his ear that would love to see another great depression.

        In less than 90 days the tariffs are back on, and the insane China ones are currently rolling I believe. Adidas put out a statement today saying the shoes are going to get a lot more expensive. Also, as of today, the oligarch Jeff Bezos is under federal investigation over a rumor that Amazon was going to tell customers what portion of the price of an item was due to tariffs. Just over a rumor. A rumor about a legal action that would be a smart business decision.

        I’m keeping my money in the bank, and some in cash hidden in my home. Hopefully FDIC insurance still works.

        • TechAnon@lemm.ee
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          2 hours ago

          Strongly agree. We’ve seen nothing yet and I think we’re going to see quarter after quarter of poor earnings and layoffs. Some empty shelves mid to late May. Housing crash at the end of this year or beginning of 2026. Hate to be somewhat doom and gloom but I’m also not going to miss this opportunity to jump back in with liquid. Good luck!

        • couch1potato@lemmy.dbzer0.com
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          18 hours ago

          Yeah. We’ll see i suppose. The markets holding back a lot of suppressed upward mobility that we saw when the fake “tariffs are off” tweet happened. One whiff of good news will have us going up again.

          In any case, at least I mitigated some of the damage. Can’t win 100% every time.

          • Just keep in mind the maxim- The market can remain irrational longer than you can remain solvent. It’s more of a vibes casino than it ever was before the GME stuff.

            Even though I think you could be right, please don’t bet the barn. I don’t want to see you get hurt.