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I Completely Sold Off All My Investments This Week

wcoenen 6y ago
If "the Fed is printing money at an incredible pace", as stated in the post, then it might be unwise to sell one's assets for that same money.
- deleted 6y ago
  [deleted]
lolsal 6y ago
The author sold "95%", not all, for what it's worth. I am not an economist, or a professional investor - I am a complete amateur and mostly ignorant, but it bothers me that folks are treating "14.7% unemployment" as if it is the same metric as _actual unemployment_. That number is so high right now because _people are not allowed to work_. It's true that literally lots of folks are not working right now, but that is a completely different metric than a huge lack of supply of jobs.
- abc_lisper 6y ago
  Yeah, wsj says x million jobs lost, or some version of it, every f*ing day, as if the world is falling apart at the seams, and we are watching it in slow motion. People don't lose their expertise overnight, nor will all companies lose their market forever. This is a temporary pause, and not a real stop.
  - ta17711771 6y ago
    But it's not something to ignore, either. For better or for worse (I think better) a lot of impulse, habitual consumerism just got wiped out of people's daily routines. People are also likely to be a bit more careful with their funds in general This will close a lot of businesses, and remove a lot of jobs, especially edge-jobs.
- aSplash0fDerp 6y ago
  I don`t believe the stats prior to shelter-in-place for unemployment were that accurate to begin with. If you drop all of the hyper-emotional rhetoric (groupthink disease similar to hyper-social and hyper-political impediments), the brightspots in the economy are starting to reveal themselves. Next year should be even more exciting.
bitlax 6y ago
“I don’t know — and perhaps with a bias — I don’t believe anybody knows what the market is going to do tomorrow.” — Warren Buffet This just seems like a characteristic statement by Warren Buffett and not some indicator of a crisis.

If "the Fed is printing money at an incredible pace", as stated in the post, then it might be unwise to sell one's assets for that same money.

deleted 6y ago
[deleted]

lolsal 6y ago

The author sold "95%", not all, for what it's worth. I am not an economist, or a professional investor - I am a complete amateur and mostly ignorant, but it bothers me that folks are treating "14.7% unemployment" as if it is the same metric as _actual unemployment_. That number is so high right now because _people are not allowed to work_. It's true that literally lots of folks are not working right now, but that is a completely different metric than a huge lack of supply of jobs.

abc_lisper 6y ago
Yeah, wsj says x million jobs lost, or some version of it, every f*ing day, as if the world is falling apart at the seams, and we are watching it in slow motion. People don't lose their expertise overnight, nor will all companies lose their market forever. This is a temporary pause, and not a real stop.
- ta17711771 6y ago
  But it's not something to ignore, either. For better or for worse (I think better) a lot of impulse, habitual consumerism just got wiped out of people's daily routines. People are also likely to be a bit more careful with their funds in general This will close a lot of businesses, and remove a lot of jobs, especially edge-jobs.
aSplash0fDerp 6y ago
I don`t believe the stats prior to shelter-in-place for unemployment were that accurate to begin with. If you drop all of the hyper-emotional rhetoric (groupthink disease similar to hyper-social and hyper-political impediments), the brightspots in the economy are starting to reveal themselves. Next year should be even more exciting.

bitlax 6y ago

“I don’t know — and perhaps with a bias — I don’t believe anybody knows what the market is going to do tomorrow.” — Warren Buffet This just seems like a characteristic statement by Warren Buffett and not some indicator of a crisis.