Posted on 05/22/2021 6:16:42 PM PDT by Roman_War_Criminal
Is the party almost over? Volatility has returned to Wall Street in a major way, and certain investors are getting absolutely crushed. On Wednesday, a trillion dollars in paper wealth had been wiped out during the trading session at one point, but those losses were later pared back as cryptocurrencies rallied. On social media, there has been a lot of weeping and wailing due to the huge financial losses that some people have experienced this week. But if you think that these losses are bad, just wait until you see what is coming later.
In the old days, investors would carefully select the companies that they were going to invest in. The key was to identify companies that had something of great value to add to society and that were being run very well. In those days, strict adherence to the fundamentals would often bring great rewards. Just ask Warren Buffett.
But these days our financial markets are little more than giant casinos. Companies that lose giant mountains of money year after year are supposedly worth billions of dollars, and “assets” that have no inherent value whatsoever are endlessly gobbled up by drug-fueled “investors” that are looking for a way to get rich quick.
(Excerpt) Read more at theeconomiccollapseblog.com ...
Yeah, I want me some of “Get rich quick” money. I didn’t see which one is going ballistic.
Tulips. Crypto. The only really safe investments
If you can get it you should.
Go Gault+ Don’t just drop out of society, steal the deep states food.
I scanned through the article, and almost the whole thing was about crypto-currencies, which is NOT “the financial markets”.
It briefly mentions companies that “lose millions”, but never mentions which companies those might be. What a worthless blog.
I've been investing at least 10% of my income mostly in S&P 500 or target date index funds for about 40 years now. By all standards, I'm wealthy. And I started with nothing.
Never lost any sleep during the 1987, 2000 (dot.com) and 2008 "crashes." Never lost a nickel because I didn't cash any of it out. Instead, I continued buying stocks (at a lower price) and watched the rest of my portfolio recover over time. This is the basic principle of "dollar cost averaging." When you have a "buy and hold" approach, you almost want the stock market to crash from time to time, so you can have opportunity to get more shares at a lower price.
As I age and approach retirement, I shift some of my holdings into safer and more stable funds.
If people feel they need to panic and pull out of markets, they are doing something wrong.
Well, if the economic collapse blog says the economy is about to collapse - it must be Saturday.
Not that they are wrong. But they say the same thing every day.
Panic porn click-bait.
Very true!
And yours almost mirrors what my financial strategy is as well.
When the market crashes - the tomatoes are on sale!
Will they ever tell you that everything is just hunky-dory?
My 401(k) has dropped from $54 to $50/shr since Bid*n was selected. Of course I don’t own any Bitcoin. Maybe that explains why I don’t feel “crushed”. BTW, this 401(k) made every penny back from the first COVID stock collapse.
That is a giant load of cherry picking bull. But then, that’s habitual with this one-trick pony.
Gotta love the gloom and doomers, they’re always right. Yes, markets do go down, but in the long haul, the Dow has trended UP. This from someone who started investing monthly when the Dow was in the 700s.
I could say something, but it won’t matter. So...
You and I are on a similar trajectory as I’ve done this same strategy. Low and slow is spot on though picking up Ruger (RGR) this last year has been a nice dividend surprise.
Crypto-currencies are getting hammered.
The rest of the market is doing fine.
Moral of the story - don't buy crypto-currencies. The international banks will not allow them to be used as a form of currency going forward.
The stock market may go up or down but the value of each of those dollars will definitely fall as more and more magic money is created out of the air.
I bought Ford (F) stock around 11.50 a week ago. I think it’s going to 50 this year, all at Tesla expense. Elon is lipping, and Ford is crushing it’s electric moves thus far, and even have a competitor to Tesla’s battery walls coming soon.
That is why I love all the wonderful things the central bankers do to monitize the currency, all fiat currencies eventually end up at zero.
That is why people put money into real estate, precious metals and crypto in the hope that they will maintain value. We are at the beginnings of going down the road of the Weimar Republic and Zimbabwe.
Boring and wrong.
A two-fer.
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