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People will always gamble when its other peoples money. And for those who did not find true inflationary shelters to soften the impact, things are going to get
by Joel_Mckay 4y ago
People will always gamble when its other peoples money. And for those who did not find true inflationary shelters to soften the impact, things are going to get worse before they improve.
Admittedly, I too was stuck with some laggard energy ETFs for years thanks to being naive enough to listen to a banker once (tax event trap), and even that garbage has bounced back like a dead cat (I have to donate to VOKRA every-time I repeat that colloquialism).
We live in strange times... ;-)
- mancerayder 4y ago>People will always gamble when its other peoples money. And for those who did not find true inflationary shelters You mean like real property? Some of us tried very hard to purchase real estate and failed.
- Joel_Mckay 4y agoI am not bullish on dirt backed holdings these days. While it is easy to fall into a FOMO mindset in a manipulated market.. eventually the gamblers left at the table always lose. Annual sales are down 43%, record prices pumped another 5%, but inflation is up 7.5% and growing. i.e. you may yet end up one of the lucky ones if you time things right. ;-)