Posted on 06/13/2022 1:14:40 PM PDT by Tell It Right
Nope ...sure ain’t but the J6 is coming in red hot above our nation’s interest! And while we’re at it let’s just let 5 million illegal invaders suck on the taxpayers bottle while we’re at it! Hell we can handle anything cause we can print more trillions until we’re chitting money 💰 through the wazzu! I LOATHE DC!!!
Let the 35 pervent persist inthete folly.
Sorry, let the 35 percent subsist in thier folly.
So what do you do, run to cash which is losing 15%+ per year and accelerating?
We are so screwed.
That is THE question.
Spouse and I are hoarding cash, but nowhere to go. I want to maintain liquidity but lose money on savings or even money market accounts. I don’t dare add to our portfolio as we’ve already lost a lot, even though I pulled back significantly in months past.
Only thing I can figure is stay liquid and buy practical assets, i.e., not gold or silver.
There’s nothing else we can do. Democrats are dangerously delusional. They’ll kill themselves and us if we let them.
btt
“””So what do you do, run to cash which is losing 15%+ per year and accelerating?”””
The dollar in your pocket on Jan 4, 2022 is now worth about 95 cents due to the inflation in prices.
The dollar in your stock account on Jan 4, 2022 is now worth about 75 cents.
Gold and silver used to be a good place to move your money when the stock market collapses. So far this year that is not the case. Gold was 1812 on Jan 4 2022 and today it is 1819. In other words gold has been no better than simply holding dollars.
If you look at the long-term history, the stocks will eventually recover and grow whereas when money loses value it never regains it.
But the stocks may be down a long time, it may take 10 years or more to win.
Personally, I think the big boys are trying to panic the retail investors out of stocks and real assets into cash. When the time is right they will buy the depreciated assets at low prices and leave the little folks holding cash.
I don’t believe the big boys are going to stay in cash when it is losing so much value.
One of the best defenses against inflation is to spend the money while it is still worth something.
I have been advising family and friends that if you need (not want) to make a purchase do it now and not later. Like new tires, it will only be more expensive in the future. If available.
I just had a thief break into my truck and now I have an unexpected expense to fix the damage, not to mention the items stolen. I think as things get worse, crime is going to get worse as people get desperate.
Why September 2022?
in a related development Biden poll numbers also fell to a new low!
many are starting to waiver, trust me.
that must be the deflationary bust that Cathie Wood was warning us all about!
Nah, I will buy buy buy at 3500 and support SPX LMAO.
I saw in news thieves are drilling holes in gas tanks of parked cars.
That depends on how long you plan to hold the SPX index fund. On a 3-5 year hold basis, 3400 level could yield very decent profit. I would not buy any stocks right now if the money will be needed within 12-18 months.
Yes, agreed that in an inflationary time we should buy things we need sooner rather than later as prices will just continue to rise.
I’m doing the same when it comes to airline tickets.
📌
It is where it was at the first of ‘21.
The Dow is where it was in the fall of ‘20
We won’t see the numbers of December ‘21 for years.
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