Finances

DangZagnut · 2020-03-18T22:13:30+00:00

Sitting back and watching. I already did what I wanted to do, and now nothing is happening. I've gone totally inactive until it looks like it's bottoming.

mark2517 · 2020-03-18T22:22:59+00:00

401k will be fucked after a short bounce, we havent even started falling. Worst is yet to come. Only asset you want to have is cash as markets drop and then get rid of it as soon as markets bottom cause there will be a great risk of hyperinflation.

NohoTwoPointOh · 2020-03-18T22:30:48+00:00

Taking what the defense gives me. Playing defensively aggressive for now. Using options to minimize risk. Bullish on things like CLX, and VIX. Bearish on damn near everything else.

Keep in mind that divorce powerbombed my savings. I have to stay somewhat aggressive and constantly take shots (risks) instead. Imagine my approach as Mayweather barely ahead on the scorecards in round 9 with a broken hand in Mexico against a Mexican. You don’t have the firepower to go crazy, but have to land enough shots to overcome hostile judges. It isn’t for everyone. If I was a young fella, I would be buying bit by bit—very slowly, keeping most in treasuries but definitely taking advantage.

Once this passes, I’m going all-in on equities like Microsoft, baby-related companies (gonna see a massive baby boom from shut-in couples), and oil again (if the price war ever comes to a halt). If Coronavirus comes to an end quickly, maybe peering at currencies that didn’t have to fire up the printing presses.

Loose_Elk · 2020-03-19T00:05:04+00:00

I trade forex, and am still trading but with reduced risk. Since I'm not dining out anymore, this virus might actually save me a bit of money.

Impossible-asset · 2020-03-19T02:46:13+00:00

I'm buying the slide on every new low of CEF dividend stocks like DNP. EXG, and USA. The entire economy and infrastructure would have to collapse for DNP and EXG to go under, and in that case, my tomato and pepper garden will have more value than dollars anyway.

I'm treating this slide like it was a Black-Friday sale on those dividend stocks. 7% and 14% annual returns are nice to have.

iseehot · 2020-03-19T06:06:42+00:00

The market is way too volatile right now. COVID-19 II, Electric Boogaloo is just around the corner in China, to be followed by episode 3 in a few months, and so on until we get a treatment. That has not sunk in yet to the numbskulls running the governments.

If you can't get your money out as fast as you can put it in, and you can't, you will get hammered.

Title	Finances
Author	The_Arch1tect1
Upvotes	1
Comments	12
Date	March 18, 2020 9:58 PM UTC (6 years ago)
Subreddit	Posted in /r/MGTOW2
Original Link	https://old.reddit.com/r/MGTOW2/comments/fky34n/finances/
Archive Link	https://theredarchive.com/r/MGTOW2/finances.809422 https://theredarchive.com/post/809422

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