Stock market is doing stupid shit, in response to the stupid shit.
I hope your investments are well diversified. Have you noticed that the top forty or more percent of losses are in the top ten most invested stocks?
I check my stock portfolio every other day or so lately, not to be a bitch, but to assuage my concerns that my investment strategist is smart and doing a good job for me. So far he is. He avoided binding me with those top stocks like Apple or banking.
I mean, I am at end game here. What I have is small, but it is all I have. Being retired, it is time for my previous work to work for me.
I have a nice home, almost paid off with enough in short term investments to pay it off if anything bad happens. A few other minor interests, but then I am done.
This turn down of the market has not hurt me at all, yet. The Fed wanting to raise interests rates is a bad thing for me though. It is going to happen soon.
Only my metal mining reserves will save me from this.
Glad your investments are safer. I am still young enough in the workforce that I don't really have investments. That and...well I don't trust stocks so I have avoided it. Dunno what I'll do, besides keep paying my taxes. If I get a full time job I think I'll reassess. I don't mind being low-income.
I feel like the USD is going to take a nose dive in my lifetime... it worries me.
That is why jumping into silver, gold, copper, zinc, palladium, cobalt or iron makes sense. Even elements which are considered junk from other mining operations like molybdenum. These are all elements needed to build computers, cell phones, solar panels, fancy displays or even modern cars. Hard to go wrong.
It is a many eggs, even more baskets thing.
I wish I could...but then I get to thinking about the ethics of the mining companies and I feel guilty.
Fun fact, (I don't have the citation because it is something I discovered when researching good investments long ago), whenever there are recessions, the value of gold stock is usually unaffected, or actually increases. Mainly because once things begin failing, people fall back on stocks that have been most stable over the decades. Gold is one, and I would guess the others are pretty similar.
I wish I knew what companies were working for the global good of humanity and the world, then I would invest that-a-ways. :/
(P.s. just because I feel guilty doesn't mean I think other should too. Its just one of the things I struggle with. In stocks, in education, in careers. OGD---- obsessive guiltiness disorder. <--- I made that up.)
Going with the thread title here.
It is not about the common good when you are planning for your own.
I actually thought I was talking to a pier. (not one hundred percent sure I know how to spell things and stuff, but go back and figure this shit again)
uh....
I'm confused. I don't think I am stupid though, if that's what you're getting at.
To back track, you mentioned some good options of things to invest in, and while I agreed, I was also mentioning that my hesitation has to do with my worries about the ethics of the companies that are invested in. If I could be sure a company was working for the common good (which is silly), it would assuage those worries. But, I acknowledged, so that no one would assume I thought these worries were entirely rational, that it is (to a point) obsessive (and often blossoms into full blown paranoia, taking the shape of guilt). Overtime I usually can reassess and overcome these worries, which is what I plan to do once I go full-time. And when I go full-time and I am reassessing things, I hope I'll do it with some degree of savvy so it won't be affected by dumb politics....
Anyways, if you weren't calling me stupid and just meant to get back on topic, then, I feel sort of that this presidency's lunacy (which is not restricted to the commander in chief, but all his cronies in government) might be endangering to USD in general (not just messing with the stocks), because .... if folks who have money and power start to see it as a trend (not a one time mishap), we are revealing a great vulnerability in our government that does not bode well for the USD.
