I love holding equities like Nvidia, Apple, Microsoft, Costco, etc. long term. But if people can't see we are in an economic inflation melt up, I can't help you. When a guy like Warren Buffett still has a record amount of his net worth held in cash, it should be the canary in the coalmine. The stock market is fucking awesome until it isn't. I've pulled out all of my shorter term equity positions. When this thing crashes it will crash hard. I'm still holding my long term blue chips, and that won't change. But my small and mid caps, are sold, and I'll wait and buy them again in a year or two. I'm sure I'm going to miss out on another 10-15% of upside, but I don't give a fuck. In this environment I'm more interested in equity preservation than equity growth. I'm also buying some, but not a huge amount of precious metals. I also don't buy the stocks or certificates. I pay the premium and buy the actual shit I can hold in my hands. Real Estate and precious metals do better than most equities at these times, because real estate and precious metals are not as easily sold. And don't get me started on crypto. That shit will crash before the equities do.
Well thought out post. Yes I’ve thought of that and have started to dial down my very S&P portfolio and start diversifying it. Yes a crash my come but if you have time your diversified portfolio will always withstand it.
I love that you pulled the rip cord. I threatened to do the same thing in late '19 early '20 but got lazy and didn't do it. I knew it was going to crash and didn't trust my gut. Would have crushed it as you are surely to do. I think we have some upside left with the Trump presidency to come but something is going to happen and we'll see a 20-30% correction. The recovery period might be much longer than the traditional 2 year cycle. I truly believe AI is going to do what .com and the internet did for this economy. We're in the late 90's if you will.
Where do you see Bitcoin ultimately going? I sat my family down at its infancy when it was trading at $75. I had a couple buddies begging me to get involved. I explained the technology to my young kids at the time and told the wife we needed to invest $10k. I got lazy and didn't do it. Ironically, years later I was trying to invest in Tera Luna, bought 50k Bitcoin which was about 1 coin at the time, got lazy, and forgot to buy Tera Luna. It crashed and went out of business shortly thereafter. I don't need the $ so I think I leave it to the kids in my trust. Some algorithms have its worth predicted to be $3MM by 2050.
Bitcoin will go above the $500k mark by 2030. There’s no stopping that now. Peeps just need to be strong and be able to handle the swings. You’re better off buying it and forgetting you own it.
I kind of did;-) Way back when I wanted to buy it at $75 but quite honestly I had a lot going on in my life. I was in the car 4 hours a day and I was running a $30MM company. I kick myself every day for having been too lazy.
Comments
Daytrader day trading.
Get back in your cubicle
Oh look, Buck's alt posted seven minutes before he did.
I bought more Nvidia and MSTR last night. Getting my ass kicked on MSTR but we'll see.
Shorts are playing. M’eh.
Fuck it, go long.
Daddy probably love him long time.
NVDA will be fine long term, probably steady at this point. MSTR will live and die by bitcoin
I mean, it took me days to return
100% ROI with a recommendation
I love holding equities like Nvidia, Apple, Microsoft, Costco, etc. long term. But if people can't see we are in an economic inflation melt up, I can't help you. When a guy like Warren Buffett still has a record amount of his net worth held in cash, it should be the canary in the coalmine. The stock market is fucking awesome until it isn't. I've pulled out all of my shorter term equity positions. When this thing crashes it will crash hard. I'm still holding my long term blue chips, and that won't change. But my small and mid caps, are sold, and I'll wait and buy them again in a year or two. I'm sure I'm going to miss out on another 10-15% of upside, but I don't give a fuck. In this environment I'm more interested in equity preservation than equity growth. I'm also buying some, but not a huge amount of precious metals. I also don't buy the stocks or certificates. I pay the premium and buy the actual shit I can hold in my hands. Real Estate and precious metals do better than most equities at these times, because real estate and precious metals are not as easily sold. And don't get me started on crypto. That shit will crash before the equities do.
-$60 today!!!!
You Mother Fucker!!!
Well thought out post. Yes I’ve thought of that and have started to dial down my very S&P portfolio and start diversifying it. Yes a crash my come but if you have time your diversified portfolio will always withstand it.
Good post, nice for a change around here.
Perhaps the HODL life is not for you.
I love that you pulled the rip cord. I threatened to do the same thing in late '19 early '20 but got lazy and didn't do it. I knew it was going to crash and didn't trust my gut. Would have crushed it as you are surely to do. I think we have some upside left with the Trump presidency to come but something is going to happen and we'll see a 20-30% correction. The recovery period might be much longer than the traditional 2 year cycle. I truly believe AI is going to do what .com and the internet did for this economy. We're in the late 90's if you will.
I'm out. Too much bullshit going on and economic coverup by the current criminal regime. They are sabotaging the economy to hurt Trump.
Where do you see Bitcoin ultimately going? I sat my family down at its infancy when it was trading at $75. I had a couple buddies begging me to get involved. I explained the technology to my young kids at the time and told the wife we needed to invest $10k. I got lazy and didn't do it. Ironically, years later I was trying to invest in Tera Luna, bought 50k Bitcoin which was about 1 coin at the time, got lazy, and forgot to buy Tera Luna. It crashed and went out of business shortly thereafter. I don't need the $ so I think I leave it to the kids in my trust. Some algorithms have its worth predicted to be $3MM by 2050.
-$80 !!!?? This has officially entered dogshit territory!!! Great recommendation! No wonder you can’t fork out the $29!!!
I hate you.
Perhaps going short is a better plan for you.
Bitcoin will go above the $500k mark by 2030. There’s no stopping that now. Peeps just need to be strong and be able to handle the swings. You’re better off buying it and forgetting you own it.
It won’t take that long.
I kind of did;-) Way back when I wanted to buy it at $75 but quite honestly I had a lot going on in my life. I was in the car 4 hours a day and I was running a $30MM company. I kick myself every day for having been too lazy.