
FourCrossedWands
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There was some old experienced investor saying that market will crash after the tarrifs announcement, but rebound after a few days. However, a big recession will come in a couple of months. The first part he predicted 100% correct. Let's see what will happen in a couple of months. But, summer months are usually weaker for the stock market in general.
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Breaking: Warren Buffett just got totally disgusted by the stock market and left Berkshire Hathaway
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The last "micro-crash" just convinced me it's not a good idea to try and time the market in today's economy. This is not 20th century anymore, when stocks were priced accordingly to their real world performance. This is a meme stock economy where stocks go up no matter what. Just buy a little bit of everything (stocks, gold, crypto) and forget it. Everything will go up eventually.
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I am sure a lot of people here suffer from this "illness". If I do any kind of work or project, I spend hours and hours on some tiny little detail that should only take a couple of minutes at max. Sometimes, I get so obsessed that I screw everything up and need to start all over again. How do you deal with it? From my experience, the best solution to this problem is to tell myself to finish it later and I usually forget about it and leave it as is, which means "not perfect".
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We can only imagine what percentage of those earnings are kids stealing money from their parents to buy Robux.
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FourCrossedWands replied to PurpleTree's topic in Society, Politics, Government, Environment, Current Events
Yes, Trump and Musk are like a parody version of the nazi Germany. -
FourCrossedWands replied to PurpleTree's topic in Society, Politics, Government, Environment, Current Events
I don't know. He even tweeted to his followers before he officially announced the pause on the tariffs. Seems like some kind of a plan to me. He wants to be popular among his circles, which means he's not completely mad. This to me is a proof he is still relatively predictable and these tariffs are nothing but a theatre. -
FourCrossedWands replied to PurpleTree's topic in Society, Politics, Government, Environment, Current Events
I have said it before and I will say it again: Trump has always been obsessed with the stock market going up. He has been trying to force the FED lower the rates since his first term, so the stock market could go up. Now, he has seen the stock market went down too much to fast, so he backed off and turned 180 degrees. All his actions are to make the stock market go up as much as possible at the end of his second term, so he will look "good" and his cronies will make a lot of money. Now you can decide if you want to be part of it, or stay away from the devil. -
FourCrossedWands replied to PurpleTree's topic in Society, Politics, Government, Environment, Current Events
Trump just rug pulled the stock market. It was all planned after all. Stocks are up 15-20% today. I bet his cronies made billions. -
Young people used to invest in themselves and start businesses. Nowadays, they just gamble on crypto and meme stocks thinking they will become rich without lifting a finger. A recipe for disaster.
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Managed to grab some BRK.B at the bottom. It has ranged between $460 and $505 today, which is absolutely crazy for such a stable stock. I am not sure if it has ever happened before.
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Fair enough, I still don't understand how you can say that Bitcoin is inflated at 80k when the last top was around 65k four years ago. It's a dying asset and the last big bull run was before the Trump's inauguration. Everything positive has already been priced into Bitcoin. The FED will never allow it to be used as a reserve currency or similar.
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A lot of people here are trading, not investing. Even Leo tries to trade Bitcoin and gold. Trading: Buying and selling mostly based on charts and current events. Doing frequent research and timing the market. Investing: Buying and selling mostly based on long-term fundamentals. Doing one big research and staying invested for a lifetime. Neither of these are bad, they are just different types of approach.
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It's not that easy. Recoveries don't happen overnight. You will need to wait months for buying signals.
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Or, this might be the last chance to get out before it crashes even more. You might as well just flip a coin right now. Personally, I am just waiting until BRK.B crashes a little more and buy that one. It is a cash cow. I am not touching anything else right now.