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I fully agree that there will be a pop, there must be. Current evaluations and investments are based on monumentally society destroying assumptions. But with ev
by Traubenfuchs 1y ago
I fully agree that there will be a pop, there must be. Current evaluations and investments are based on monumentally society destroying assumptions. But with every disappointing, incremental and non evolutionary model generation the chance increases that the world at large realizes that those assumptions are wrong.
What should I do with my ETF? Sell now, wait for the inevitable crash? Be all modern long term investment style: "just keep invested what you don't need in the next 10 years bro"?
This really keeps me up at night.
- Dr4kn 1y agoIf you're sure enough that there is going to be a big crash I would move the money into gold, bonds or other more secure assets. After a crash you can invest again. I don't know why buffet sold a lot of shares over the last few years to sit on a huge pile of cash, but I could guess. The Job market looks like shit, people have no money to buy stuff and credit card debt is skyrocketing. When people can't buy stuff it is bad for the economy. Even if AI is revolutionary then we would need people spending money to keep the economy going, and with more AI taking jobs that wouldn't happen. If AI doesn't work out the market is going to crash and the only companies keeping the market growing are going to wipe out all that growth. No matter how I look at it I don't see a thriving market.