- Feb 6, 2019
- Reaction score
I'm all in cash in a money market fund waiting for t-bills to come back up again. I don't think there's any way we make it past inflation without a recession- especially after this bailout... I mean "backstop." Unfortunately they keep pussy footing around with rates instead of just ripping off the bandaid.Anyone here buying stocks or trading? I've been stacking $TQQQ. Still at a ~35% loss but thinking we've seen the worst of the bear market. All this negativity makes me think we're due (in a year or two) for a good bull market.
What are your thoughts?
I take a week's vacation and everything goes to hell...
I'm gonna point something out...and let you draw your own conclusions. The covid lockdowns started spring break 2020. At this point in time (and off the top of my head) I forgot what happened during spring break 2021 and 2022. I just remember making the sarcastic jokes that shit was happening again (and at least it wasn't lockdowns again). I think Blackrock was one of the spring breaks, but could be off. Here we are spring break 2023 and the banks went to hell and apparently pensions are heading that way as well.
This seems to becoming a trend. They hope you won't notice while they set fire to things while you're on vacation. And by the time you get back and get caught up on work, you've missed any opportunity to do anything about it. The damage is done.
In Sept 2019 the US economy was tanking so they printed trillions and then all of a sudden C19 appeared a few months later and they used that as the excuse to print and spend historic amounts of $. This all stems from 2008.
What’s a couple good examples to buy in now?
If I had a 401k mutual fund. I personally would convert it to cash if possible. The market tanks and brings down the fund your in. And u lose. If your cash. U only have to worry about the collapse of the dollar I'd imagine. Which we pretty much all think is possible. Defense contractors will. Probly. Be successful in these times.Financial advice wanted;
Is it wise to pull out a large chunk of my 401k and use it to build a garage right now?
Considering I’m not gaining any ground and in fact kinda losing my ass anyways…..
And the wife and I are talking about putting up a 3 bay garage with a loft …..