I do not understand basic economics or investing.
That being said, how do I prepare for a recession or depression that will probably come down the pipe in the next year or two? What do I invest in? Where do I put my money? I probably can’t be dinar-pilled but I’m open to other suggestions.
Uber is a money laundering scheme for the House of Saud, and “Tesla Would Take Nearly 1,600 Years To Make The Amount Of Money The Stock Market Values It At”. Shit’s fucking nuts. The stock market has always been like ork machines in 40k where it only works because people believe it works, but feels like it’s gotten increasingly unhinged since 2008. As Braudel explains, finance is always a sign of autumn in the cycle of hegemonic powers, and it’s certainly quite chilly in the United States these days.
Yeah I really don’t know when it’s all going to explode, but it’s almost unimaginable to me that it never will. You can only run on hot air for so long.
Unironically bitcoin or other cryptocurrencies are a potentially decent hedge against inflation. That said, bitcoin hasn’t existed during a worldwide recession (it missed 2008 because it didn’t really exist yet), nor has it seen massive high inflation rates worldwide. People in places like Zimbabwe have used bitcoin to park their money to avoid the bite of inflation, but if the whole world (or at least a majority of the developed economies) see an inflation spike who knows how bitcoin will react.
If you’re seriously China-pilled, you can start buying up renminbi denominated ETFs or bonds, but in a high inflation environment bonds become significantly less attractive. Maybe broad market ETFs like ones that track the S&P500, but if this is a serious recession the market itself will tank too. Maybe property/REITs? Honestly who knows. To my eyes, it seems like the financial sector has entirely delinked itself from material reality, so even a major recession might not tank the market if the Fed and ECB are committed to continuing QE. Likewise, if everybody is expecting a recession often it never comes.
My honest advice is if you have serious money to invest, just put it in a target year retirement fund (like say a 2050 or 2060 retirement fund, meaning you’ll retire at that year) and forget about it. Don’t try and time the market. Either you’ll lose everything because capitalism has been abolished or the world has collapsed and therefore you don’t have to worry about your retirement/investing portfolio, or the market will eventually rebound and you’ll make money.
Huh, thought this thread was gonna be about something different mb mb 😳
