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The huge amount of stimulus money is slowly unwinding, also people panic. Let’s say I’m invested with $50,000 in Walmart and I’m up 8.9% . In ordinary times I’d
by 486sx33 2y ago
The huge amount of stimulus money is slowly unwinding, also people panic. Let’s say I’m invested with $50,000 in Walmart and I’m up 8.9% . In ordinary times I’d stay invested to see maybe 15%-20%
When I see in the media the market is dropping and my 8.9 is already down to 7.9 I’m selling to keep what I can.
This is how the panic happens
But now I’m sitting on this cash, and like Matthew McConaughey says in wolf of Wall Street , they’re fucking addicted , so the next day I put some or all back into a new idea a new brainwave.. out of tech and into food production. Out of Walmart and into real estate.. who knows
But slowly the stimulus will unwind in equities, bonds, real estate …
- TapWaterBandit 2y agoThis is too real haha. I do this exact thing. > But now I’m sitting on this cash, and like Matthew McConaughey says in wolf of Wall Street , they’re fucking addicted Only point of contention is that when you have a currency experiencing sustained inflation over any medium/long term time horizon, it makes sense people would want to hold anything over than cash. Anyone who saved in cash (even using Term Deposits) from basically the 70s to today in any currency has had their purchasing power destroyed.
- k_roy 2y agoIt's an interesting belief that all the stimulus money was fed into the stock market, and just not into survival at the time. I can't imagine that it resembles reality though.