That assumes the banks survive. Cash would probably still be useful, but that assumes Trump wont go full Nazi Germany and just print more money eventually to the point of hyperinflation.
Cash won’t hold its value. Investments, on balance, will. Retirement right before the start of World War I would suck. It would suck more to have no broad based investments.
The only reason cash mighty retain value would be because people would still think it does. Really, I have no idea how long that would last. Investments require trust and a working internet in the modern context.
This is why one of my “divestments” is non-cash valuable currency, items such as weapons / tool stockpiles, and training / knowledge. Seriously on that last one is so important if you have a day off learn how to use basic hand and power tools. Learn to cook something. Learn how basic gardening works. Take a CPR and Stop the bleed course, how to do basic electrical work, etc. You don’t have to be professional at them but learn how to do them.
Best case scenario, you can be cheaper and look sexy knowing how to cook clean and repair. Worst case scenario, those are going to be worth more than Benjamins in a true SHTF scenario.
That’s what I would call a bubble. The same has been said for FAANG stocks because they are success stories, and I do think that TSLA and NVDA are large enough with enough assets that they aren’t going belly under overnight.
That said, there were stock advisers, people with degrees and decades of work in early 2001 saying “Buy Enron!” Same goes for dot com stocks, same goes for cypto bros. I’ve made some pocket change off those two companies “mooning” their share values so I am definitely not complaining, but don’t rely solely on those two to go “line go up” forever. When they did my decision was not to buy more, my decision was to very smartly sell off a small portion to “make my money back” per se, and now the rest is house money basically :)
How this is going to play out is that life is going to get expensive (you ain’t seen nothing yet). Money will help a shit ton. This is also going to be a situation where it’s expensive to be poor, see rent and how interest works.
It’s not. I’ll probably die, but most of us will. I never really bought into the promise of infinite growth in a finite system that I was raised to believe in. Everyone narrowly focuses on their own issues, but the larger system is breaking down.
RDRR.
But seriously, invest for retirement. It’s all on you.
I’m “investing” by learning self sustainability.
I wanted to be more proactive, but school systems don’t like hearing about kids who worry about climate change.
Money helps a lot with resiliency. Like a lot.
That assumes the banks survive. Cash would probably still be useful, but that assumes Trump wont go full Nazi Germany and just print more money eventually to the point of hyperinflation.
Cash won’t hold its value. Investments, on balance, will. Retirement right before the start of World War I would suck. It would suck more to have no broad based investments.
The only reason cash mighty retain value would be because people would still think it does. Really, I have no idea how long that would last. Investments require trust and a working internet in the modern context.
In that scenario there is nothing to buy.
May want to save and invest in case things mostly continue.
Also, get healthier.
This is why one of my “divestments” is non-cash valuable currency, items such as weapons / tool stockpiles, and training / knowledge. Seriously on that last one is so important if you have a day off learn how to use basic hand and power tools. Learn to cook something. Learn how basic gardening works. Take a CPR and Stop the bleed course, how to do basic electrical work, etc. You don’t have to be professional at them but learn how to do them.
Best case scenario, you can be cheaper and look sexy knowing how to cook clean and repair. Worst case scenario, those are going to be worth more than Benjamins in a true SHTF scenario.
You need to invest money. My recommendation is get a job and start investing.
Wouldn’t investing at this point basically means betting for even larger tesla & nvidia? Since these companies comprises huge part of nasdaq.
That’s what I would call a bubble. The same has been said for FAANG stocks because they are success stories, and I do think that TSLA and NVDA are large enough with enough assets that they aren’t going belly under overnight.
That said, there were stock advisers, people with degrees and decades of work in early 2001 saying “Buy Enron!” Same goes for dot com stocks, same goes for cypto bros. I’ve made some pocket change off those two companies “mooning” their share values so I am definitely not complaining, but don’t rely solely on those two to go “line go up” forever. When they did my decision was not to buy more, my decision was to very smartly sell off a small portion to “make my money back” per se, and now the rest is house money basically :)
Some years ago someone would have said the same about Apple. Years before that, Wintel. Before that, IBM. To the start of time.
423.30 ppm and rising.
How this is going to play out is that life is going to get expensive (you ain’t seen nothing yet). Money will help a shit ton. This is also going to be a situation where it’s expensive to be poor, see rent and how interest works.
It’s not. I’ll probably die, but most of us will. I never really bought into the promise of infinite growth in a finite system that I was raised to believe in. Everyone narrowly focuses on their own issues, but the larger system is breaking down.
Yeah and the question is what can you do and how can you survive. Vote for Dems, and gather your nestegg by living below your means and investing.