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Please take a day or ten to think your decision through as emotionlessly as possible. You could seriously affect your financial health if you make this decision

by gred 2y ago

Please take a day or ten to think your decision through as emotionlessly as possible. You could seriously affect your financial health if you make this decision based on feelings that may not align with reality.

scrollaway 2y ago
Liquidating stock isn't like it's going to "affect financial health" if they're at an all-time high.
- gred 2y ago
  Sure, but will it still be considered an all-time high in a year? Will the alternative investment even beat inflation? All I'm saying is be careful. I have experience here, having parked money outside of the market for a few years because of a gut feeling that never materialized. If you don't need in the money in the short-term, the conventional wisdom is "time in the market beats timing the market".
  - whoitwas 2y ago
    I assume the markets will do great in the short term until MAGA takes power and starts breaking everything. I'll miss the volatility and fade any stress. I've made a bunch of money and have no worries.
- hartator 2y ago
  Paying capital gain taxes will.
  - rdsubhas 2y ago
    Yes, and after that, buying back the same stocks at a higher price because there is nothing else to do with fiat currency.
    - cglace 2y ago
      Make 4-5% in a high-yield savings account. . .
- baobabKoodaa 2y ago
  Yes it will. Just because the stock market is at all time high now does not mean it must crash down.
whoitwas 2y ago
Like by having money to do things. It might be better to put it into DJT for a couple years, but careful with the risk. I'm sure the markets will be fine short term ... until they aren't. Just as it was before ... and how it is every time modern GOP has power. They crush the economy. All red states are in the shitter. Blue states swim in $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
ericmcer 2y ago
You should check out Reddit, people are talking about leaving the country, stockpiling weapons to protect their lgbtq+ family members, I even saw one women saying she was scheduling a hysterectomy so she doesn't die due to lack of reproductive care. They are probably all just temporary dramatic outbursts, but still, everyone needs to take a breath. If you didn't have any media you probably wouldn't have even noticed the Trump -> Biden transition.
- whoitwas 2y ago
  The guy literally has never conceded defeat from 2020. They marched in the capitol building with confederate flags. He has an enemies list and a clear agenda to avoid prison. He has compliant congress to back him and everyone is on board with the crazy. He won the popular vote FFS.
  - ericmcer 2y ago
    Yeah you wouldn't know any of that if you hadn't viewed it through a screen. The capitol insurrection had 0 effect on you other than making you angry when you saw it on TV.
    - LaffertyDev 2y ago
      This is a bad take. You're essentially making the claim that you shouldn't care about something unless it happens within your immediate vicinity or you are directly affected. Replace "viewed it through a screen" with "read it in a newspaper" or "heard about it from a friend" and the statement is more bad. Revolutions have happened over less. The King of France lost his head because a small group of angry women marched on his palace, changing the course of history. Even if the net impact of this event is small, it is still _important_ and worthy of awareness.
      - hbn 2y ago
        Trump almost lost his head when they kept trying to assassinate him. His head almost got exploded on live TV and it was barely a news cycle. Dems joked about how they're mad the shooter missed, then went back to pretending they're saving democracy. That's so much worse than the guys walking around the capitol building and shuffling papers, yet people only remember the date of the great January 6th nothingburger because it's the one convenient to the establishment.

by gred 2y ago

scrollaway 2y ago

Liquidating stock isn't like it's going to "affect financial health" if they're at an all-time high.

gred 2y ago
Sure, but will it still be considered an all-time high in a year? Will the alternative investment even beat inflation? All I'm saying is be careful. I have experience here, having parked money outside of the market for a few years because of a gut feeling that never materialized. If you don't need in the money in the short-term, the conventional wisdom is "time in the market beats timing the market".
- whoitwas 2y ago
  I assume the markets will do great in the short term until MAGA takes power and starts breaking everything. I'll miss the volatility and fade any stress. I've made a bunch of money and have no worries.
hartator 2y ago
Paying capital gain taxes will.
- rdsubhas 2y ago
  Yes, and after that, buying back the same stocks at a higher price because there is nothing else to do with fiat currency.
  - cglace 2y ago
    Make 4-5% in a high-yield savings account. . .
baobabKoodaa 2y ago
Yes it will. Just because the stock market is at all time high now does not mean it must crash down.

whoitwas 2y ago

Like by having money to do things. It might be better to put it into DJT for a couple years, but careful with the risk. I'm sure the markets will be fine short term ... until they aren't. Just as it was before ... and how it is every time modern GOP has power. They crush the economy. All red states are in the shitter. Blue states swim in $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$

ericmcer 2y ago

You should check out Reddit, people are talking about leaving the country, stockpiling weapons to protect their lgbtq+ family members, I even saw one women saying she was scheduling a hysterectomy so she doesn't die due to lack of reproductive care. They are probably all just temporary dramatic outbursts, but still, everyone needs to take a breath. If you didn't have any media you probably wouldn't have even noticed the Trump -> Biden transition.

whoitwas 2y ago
The guy literally has never conceded defeat from 2020. They marched in the capitol building with confederate flags. He has an enemies list and a clear agenda to avoid prison. He has compliant congress to back him and everyone is on board with the crazy. He won the popular vote FFS.
- ericmcer 2y ago
  Yeah you wouldn't know any of that if you hadn't viewed it through a screen. The capitol insurrection had 0 effect on you other than making you angry when you saw it on TV.
  - LaffertyDev 2y ago
    This is a bad take. You're essentially making the claim that you shouldn't care about something unless it happens within your immediate vicinity or you are directly affected. Replace "viewed it through a screen" with "read it in a newspaper" or "heard about it from a friend" and the statement is more bad. Revolutions have happened over less. The King of France lost his head because a small group of angry women marched on his palace, changing the course of history. Even if the net impact of this event is small, it is still _important_ and worthy of awareness.
    - hbn 2y ago
      Trump almost lost his head when they kept trying to assassinate him. His head almost got exploded on live TV and it was barely a news cycle. Dems joked about how they're mad the shooter missed, then went back to pretending they're saving democracy. That's so much worse than the guys walking around the capitol building and shuffling papers, yet people only remember the date of the great January 6th nothingburger because it's the one convenient to the establishment.