I do not have any stocks or other equities, but I have an options call position on MSTR which is currently down m2m about 85% in 2 weeks, but still have plenty of time, 6 months to expiration
I'm the same way! LOL.... But honestly, the way Jamie Dimon and Elizabeth Warren are fighting so hard means that they are very scared they will lose. Because the middle class has been wiped out, the government has actually lost support. All they can do now is import illegal immigrants and hope that these people provide a shield to help them maintain their power. None of this of course makes anything better for most Americans, and when you see Javier Millei delivering a revolutionary speech at the WEF, I think this shows the end for the globalists is near. Even Zuckerberg is building a shelter in which to hide.
You’ve definitely got ballz. I couldn’t go all in on anything other than real estate. I read that Saylor believes MSTR is over valued and is selling shares to buy spot BTC.
When he won the election I fantasized about moving there. But after thinking about it I believe that Argentina’s transition to the dollar might make things worse for a while.
Thanks! My entire networth is less than 100k, so its not a huge amount, which makes it easier. But what can I really do with that anyway? Grow is at 10% in the markets and hope there isn't another 50% crash? I can't even afford property where I live, even if it was enough for a down payment. I fully believe RE is the biggest bubble and will crash, and also, the financial premium in RE will move into Bitcoin. The only reason the crash hasn't happened yet is because sellers are stubborn to take a loss. Of course if you have your 3% mortgage, then you are never moving.
Yes, initially I read inflation got even worse. Lots of government workers will lose jobs, and it will take a while to reach a new equilibrium.
The real estate I refer to is farm land. I’m in the agricultural sector and have family who farms. I would never go 100% on anything, but IF I did it would be farm land. Presently I can rent it out to family and we all profit. If the SHTF I could produce my own food and yell “who goes there” after firing a warning shot. I believe the RE bubble will burst when people get excited about the stock market. The are a LOT of investors that form partnerships that buy farm land. It pays a dividend of roughly 2-3% and has steadily increased in price since the early 80’s without a drawdown, roughly 2000% in that time frame.The mortgage crisis didn’t affect it. That said, it could all change if those investors thought a major bull market was coming and dumped the land for quick profits in the stock market.
Every generation feels the same. The free love hippy's of the 60's are now the wealthy boomers that the current generation detests.
I read a book about a decade ago that was advocating that you take mini retirements every so often. The authors argument had two points. 1 - go do the exciting things while you’re in good shape and can enjoy them (ex: climb Kilimanjaro). 2 - you’ll never be able to retire like your parents and grandparents did. You’ll work till you die so make sure you do things when you can.
I honestly hate this argument. People today work 2 jobs, not to pay off their house that was 2 times their yearly income, but to pay for rent on a property that they don't own and to put food on the table.
