Posted on 12/30/2022 8:44:13 AM PST by Red Badger
I’m an optimist.
I think 2023 can do way worse than 2022.
Over a year ago, I moved my 3 Brokerage/IRA Accounts into cash, within each IRA (so no penalty) and the one Brokerage into cash back into my Savings Account, so I lost about 10%. They’re staying in cash, until Bidet&Co’s gone. Not making anything anymore, but not losing anything, further.
“Not making anything anymore, but not losing anything, further.“
Except for Bidenflation, of course!
Losing 10% annually on the cash due to inflation
Nice 401K you got there. It would be a shame if something happened to it. - Joe Biden
The 2023 new taxes should do some damages to the market in one form or another chain of events marches on.
“The Biden Plan is working.”
-Joe Biden
I figure inflation is closer to 17%, despite gov’t BS numbers. Just look at prices’ averages. So, in sum, I’m better off in cash, than in stocks, except for firearms and ammo stocks I still hold.
The stock market drops in 2022 doesn’t even begin to describe the crap economy we have. Of course, the government’s inflation index doesn’t include energy and good, and gee, guess where we had the most price spikes in 2022?
*food
If you had one last trade to make in 2022. What would it be. There are so many stocks that are at a low point. Would you buy a good dividend paying stocks or would you buy something like Google, APPLE, Amazon, or some oil company.
There are many 5% APY 1-2 yr CDs available now. That would slow the bleed.
With all my health problems, I have to take it year-by-year, so 2yr CDs aren’t in the picture. Iyr CDs might work; I’ll talk to my broker. Thanks; I didn’t know there were such low instruments as 1yr CDs.
I agree; way worse.
I would suggest putting money in a 6-12 month T-Bill, that is paying over 4.5%. I have been putting most of my cash in 6 month T-Bills that will provide cash if there is a buying opportunity later in the year.
But look at the bright side, no mean Tweets.
Oil stocks are not doing to bad....
Carriage Hill wrote: “Over a year ago, I moved my 3 Brokerage/IRA Accounts into cash, within each IRA (so no penalty) and the one Brokerage into cash back into my Savings Account, so I lost about 10%. They’re staying in cash, until Bidet&Co’s gone. Not making anything anymore, but not losing anything, further.”
Schwab Money Market (SWVXX) paying over 4%.
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