Best ways to secure my wealth for political winter?

[Leo Gura]

7 hours ago, FourCrossedWands said:

I am quite confident gold won't crash that hard. T

I agree that gold will not crash 50%. More like 10-20%.

But in a saving account you are guaranteed 4%.

I would rather get a guaranteed 4% than lose 15%.

The problem is that all investments have so much downside and little upside right now. It's a very bad ratio.

Edited Friday at 08:16 PM by Leo Gura

[Stovo]

1 hour ago, Leo Gura said:

I agree that gold will not crash 50%. More like 10-20%.

But in a saving account you are guaranteed 4%.

I would rather get a guaranteed 4% than lose 15%.

The problem is that all investments have so much downside and little upside right now. It's a very bad ratio.

Cash gives you guaranteed nominal 4% but negative real returns in the long term. 

If you are wrong and financial conditions ease then everything goes up 20% and you lose 16%. 

[Leo Gura]

7 minutes ago, Stovo said:

Cash gives you guaranteed nominal 4% but negative real returns in the long term. 

If you are wrong and financial conditions ease then everything goes up 20% and you lose 16%. 

Yeah, but you're ignoring the risk/reward ratio.

There's a good reason why Warren Buffet is sitting on $150 BILLLION in cash. He clearly knows that the risk/reward ratio sucks.

Edited Friday at 10:18 PM by Leo Gura

[Jannes]

I sold most of my fonds. Dont know if its the smartest choice but emotionally its so much better even though I invested just a few pennies. I was looking at my shares multiple times a days being aware that I had no way of knowing whats gonna happen next. I didnt expect to feel such emotional relief from selling them.

[FourCrossedWands]

14 hours ago, Leo Gura said:

Yeah, but you're ignoring the risk/reward ratio.

There's a good reason why Warren Buffet is sitting on $150 BILLLION in cash. He clearly knows that the risk/reward ratio sucks.

Warren Buffett sold his beloved Apple and Bill Gates sold Microsoft.

The main reason was fear of potential unrealized income tax if Trump didn't win the elections.

Maybe they would have stayed a bit longer if this wasn't a concern.

The rich know that this current state of capitalism is unsustainable so they rather get out of the market before it's too late. Their main priority is to preserve wealth, not to gamble and become even richer than they already are.

[Butters]

@Leo Gura what about Dubai real estate? Heard many good things, but that was before this whole Trump thing. 

[FourCrossedWands]

So far this seems like tech stocks and crypto crash. Retail also crashing a bit.

I am up about 1-2% this month. Mostly food, health, and utility stocks.