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[–] 12 points 2 months ago (1 child)

Bruh we're already there....just waiting for the brain to catch up with the dead body

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  • [–] 8 points 2 months ago (1 child)

    Constructed by expiring legislation that was timed for the midterms so they can blame it on dems.

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  • [–] 2 points 2 months ago (1 child)
  • 10 comments in c/usa@midwest.social view that post
    [–] 12 points 2 months ago (3 children)

    We're already in a recession though

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  • [–] 8 points 2 months ago (5 children)

    cool so what do we do, timing the market doesn’t work

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  • [–] 3 points 2 months ago (3 children)

    Depends on your age and risk profile. Timing the marker doesn't lead to good gains. But being out of the market doesn't have a risk of loss. Statistically, you're better off in the market.

    However, if you don't have liquid savings, get the buffer ready now. If you are looking at changing job, be wary of last-in-first-out. If you are taking on debt, like a mortgage, consider how that will go with a recession.

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  • [–] 2 points 2 months ago (2 children)

    what are you sitting your wealth in?

    hyperinflation can murder you being out

    bonds are a joke with orange turd

    land requires water or you’ll be holding the bag

    metals are a scam atm

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  • [–] 2 points 2 months ago (1 child)

    Ive got a mortgage. Everthing gets offset against it. My pension has been moved from high growth option to stable option and some cash. Designed for when close to retirement. Im still 20 years from retirement.

    All options for commercial and reisdential property has been moced to zero. Share allocations moved away from usa. Im actually bssed in australia. Weve had a bumonin the last few weeks, just due to the us dollar loaing value. However the aussie dollar is already weak so its just moving back to long term averages.

    Yes, inflation xan be a problem but its generally back in normal range here. Oil shock has not had as much of an inflation shock as in the past as were less dependent on it for all energy. I think el nino will be a biggee shock than hormuz.

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  • [–] 3 points 2 months ago

    yea kinda the same with mortgage and 401k but usa

    want to move away from us exposure but not sure anything is better, when this pops it’ll be global but with shit like elon fucking retail nasdaq, I am just not reassured that us regulations will be enforced

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  • [–] 1 point 2 months ago

    Pull out of the stock market. Buy gold. Buy stocks when somebody smart says we’re officially in a recession. Sell stocks when people start going back to Whole Foods, or whatever your fancy grocery chain is. This is not real advice. I’m not a finance person.

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